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v3.19.3

Allowance for Loan Losses (Tables) | 12 Months Ended
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Sep. 30, 2019
Receivables [Abstract] |
Summary of activity in allowance for loan losses | The following tables summarize the activity in the allowance for loan losses.
Twelve Months Ended September 30, 2019 | Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 33,033 |  |  | $ | (268 | ) |  | $ | 1,020 |  |  | $ | (2,797 | ) |  | $ | 30,988 |
Construction | 31,317 |  |  | — |  |  | 99 |  |  | 888 |  |  | 32,304 |
Construction - custom | 1,842 |  |  | (1,973 | ) |  | — |  |  | 1,500 |  |  | 1,369 |
Land - acquisition & development | 7,978 |  |  | (107 | ) |  | 7,457 |  |  | (6,173 | ) |  | 9,155 |
Land - consumer lot loans | 2,164 |  |  | (804 | ) |  | 719 |  |  | 64 |  |  | 2,143 |
Multi-family | 8,329 |  |  | — |  |  | — |  |  | (938 | ) |  | 7,391 |
Commercial real estate | 11,852 |  |  | (428 | ) |  | 1,102 |  |  | 644 |  |  | 13,170 |
Commercial & industrial | 28,702 |  |  | (5,782 | ) |  | 3,443 |  |  | 5,087 |  |  | 31,450 |
HELOC | 781 |  |  | (1,086 | ) |  | 46 |  |  | 1,362 |  |  | 1,103 |
Consumer | 3,259 |  |  | (1,028 | ) |  | 1,167 |  |  | (937 | ) |  | 2,461 |
| $ | 129,257 |  |  | $ | (11,476 | ) |  | $ | 15,053 |  |  | $ | (1,300 | ) |  | $ | 131,534 |
Twelve Months Ended September 30, 2018 | Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 36,892 |  |  | $ | (1,142 | ) |  | $ | 757 |  |  | $ | (3,474 | ) |  | $ | 33,033 |
Construction | 24,556 |  |  | — |  |  | — |  |  | 6,761 |  |  | 31,317 |
Construction - custom | 1,944 |  |  | (50 | ) |  | — |  |  | (52 | ) |  | 1,842 |
Land - acquisition & development | 6,829 |  |  | (13 | ) |  | 14,223 |  |  | (13,061 | ) |  | 7,978 |
Land - consumer lot loans | 2,649 |  |  | (67 | ) |  | 35 |  |  | (453 | ) |  | 2,164 |
Multi-family | 7,862 |  |  | — |  |  | — |  |  | 467 |  |  | 8,329 |
Commercial real estate | 11,818 |  |  | (36 | ) |  | 189 |  |  | (119 | ) |  | 11,852 |
Commercial & industrial | 28,524 |  |  | (3,574 | ) |  | 714 |  |  | 3,038 |  |  | 28,702 |
HELOC | 855 |  |  | (668 | ) |  | 71 |  |  | 523 |  |  | 781 |
Consumer | 1,144 |  |  | (382 | ) |  | 993 |  |  | 1,504 |  |  | 3,259 |
| $ | 123,073 |  |  | $ | (5,932 | ) |  | $ | 16,982 |  |  | $ | (4,866 | ) |  | $ | 129,257 |
Summary of loans collectively and individually evaluated for impairment and related allocation of reserves | The following tables show a summary of loans collectively and individually evaluated for impairment and the related general and specific reserves.
September 30, 2019 | Loans Collectively Evaluated for Impairment |  | Loans Individually Evaluated for Impairment
| General Reserve Allocation |  | Recorded Investment of Loans |  | Ratio |  | Specific Reserve Allocation |  | Recorded Investment of Loans |  | Ratio
| (In thousands) |  |  |  | (In thousands)
Single-family residential | $ | 30,988 |  |  | $ | 5,822,200 |  |  | 0.5 | % |  | $ | — |  |  | $ | 17,978 |  |  | — | %
Construction | 32,304 |  |  | 1,164,889 |  |  | 2.8 |  |  | — |  |  | — |  |  | — |
Construction - custom | 1,369 |  |  | 255,505 |  |  | 0.5 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 9,135 |  |  | 160,964 |  |  | 5.7 |  |  | 20 |  |  | 230 |  |  | 8.7 |
Land - consumer lot loans | 2,143 |  |  | 95,574 |  |  | 2.2 |  |  | — |  |  | 375 |  |  | — |
Multi-family | 7,387 |  |  | 1,422,266 |  |  | 0.5 |  |  | 4 |  |  | 385 |  |  | 1.0 |
Commercial real estate | 12,847 |  |  | 1,618,406 |  |  | 0.8 |  |  | 323 |  |  | 12,765 |  |  | 2.5 |
Commercial & industrial | 31,358 |  |  | 1,266,913 |  |  | 2.5 |  |  | 92 |  |  | 1,805 |  |  | 5.1 |
HELOC | 1,103 |  |  | 140,378 |  |  | 0.8 |  |  | — |  |  | 837 |  |  | — |
Consumer | 2,461 |  |  | 129,527 |  |  | 1.9 |  |  | — |  |  | 50 |  |  | — |
| $ | 131,095 |  |  | $ | 12,076,622 |  |  | 1.1 | % |  | $ | 439 |  |  | $ | 34,425 |  |  | 1.3 | %
September 30, 2018 | Loans Collectively Evaluated for Impairment |  | Loans Individually Evaluated for Impairment
| General Reserve Allocation |  | Recorded Investment of Loans |  | Ratio |  | Specific Reserve Allocation |  | Recorded Investment of Loans |  | Ratio
| (In thousands) |  |  |  | (In thousands)
Single-family residential | $ | 33,033 |  |  | $ | 5,782,870 |  |  | 0.6 | % |  | $ | — |  |  | $ | 21,345 |  |  | — | %
Construction | 31,317 |  |  | 1,060,428 |  |  | 3.0 |  |  | — |  |  | 2,427 |  |  | — |
Construction - custom | 1,842 |  |  | 289,192 |  |  | 0.6 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 7,969 |  |  | 122,639 |  |  | 6.5 |  |  | 9 |  |  | 920 |  |  | 1.0 |
Land - consumer lot loans | 2,164 |  |  | 96,583 |  |  | 2.2 |  |  | — |  |  | 507 |  |  | — |
Multi-family | 8,325 |  |  | 1,384,655 |  |  | 0.6 |  |  | 4 |  |  | 448 |  |  | 1.0 |
Commercial real estate | 11,702 |  |  | 1,432,791 |  |  | 0.8 |  |  | 150 |  |  | 19,378 |  |  | 0.8 |
Commercial & industrial | 28,348 |  |  | 1,126,438 |  |  | 2.5 |  |  | 354 |  |  | 14,437 |  |  | 2.5 |
HELOC | 781 |  |  | 128,715 |  |  | 0.6 |  |  | — |  |  | 1,162 |  |  | — |
Consumer | 3,259 |  |  | 173,181 |  |  | 1.9 |  |  | — |  |  | 56 |  |  | — |
| $ | 128,740 |  |  | $ | 11,597,492 |  |  | 1.1 | % |  | $ | 517 |  |  | $ | 60,680 |  |  | 0.9 | %
Summary of loans based on credit quality indicators | The following tables provide information on loans based on credit quality indicators (defined above).
September 30, 2019 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Loan type |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 5,808,444 |  |  | $ | — |  |  | $ | 26,750 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,835,194 |
Construction | 2,038,052 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,038,052 |
Construction - custom | 540,741 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 540,741 |
Land - acquisition & development | 200,283 |  |  | — |  |  | 3,824 |  |  | — |  |  | — |  |  | 204,107 |
Land - consumer lot loans | 98,828 |  |  | — |  |  | 866 |  |  | — |  |  | — |  |  | 99,694 |
Multi-family | 1,418,837 |  |  | — |  |  | 3,837 |  |  | — |  |  | — |  |  | 1,422,674 |
Commercial real estate | 1,602,634 |  |  | 2,754 |  |  | 25,782 |  |  | — |  |  | — |  |  | 1,631,170 |
Commercial & industrial | 1,229,891 |  |  | 18,125 |  |  | 20,679 |  |  | — |  |  | — |  |  | 1,268,695 |
HELOC | 141,271 |  |  | — |  |  | 907 |  |  | — |  |  | — |  |  | 142,178 |
Consumer | 129,872 |  |  | — |  |  | 11 |  |  | — |  |  | — |  |  | 129,883 |
Total gross loans | $ | 13,208,853 |  |  | $ | 20,879 |  |  | $ | 82,656 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,312,388 |
Total grade as a % of total gross loans | 99.2 | % |  | 0.2 | % |  | 0.6 | % |  | — | % |  | — | % |  |
September 30, 2018 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Loan type |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 5,766,096 |  |  | $ | — |  |  | $ | 32,870 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,798,966 |
Construction | 1,886,304 |  |  | 1,937 |  |  | 2,427 |  |  | — |  |  | — |  |  | 1,890,668 |
Construction - custom | 624,479 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 624,479 |
Land - acquisition & development | 152,984 |  |  | — |  |  | 2,220 |  |  | — |  |  | — |  |  | 155,204 |
Land - consumer lot loans | 101,249 |  |  | — |  |  | 787 |  |  | — |  |  | — |  |  | 102,036 |
Multi-family | 1,378,803 |  |  | 1,633 |  |  | 4,689 |  |  | — |  |  | — |  |  | 1,385,125 |
Commercial real estate | 1,421,602 |  |  | 7,114 |  |  | 23,452 |  |  | — |  |  | — |  |  | 1,452,168 |
Commercial & industrial | 1,093,405 |  |  | 16,513 |  |  | 30,956 |  |  | — |  |  | — |  |  | 1,140,874 |
HELOC | 130,330 |  |  | — |  |  | 522 |  |  | — |  |  | — |  |  | 130,852 |
Consumer | 173,285 |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | 173,306 |
Total gross loans | $ | 12,728,537 |  |  | $ | 27,197 |  |  | $ | 97,944 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,853,678 |
Total grade as a % of total gross loans | 99.0 | % |  | 0.2 | % |  | 0.8 | % |  | — | % |  | — | % |  |
Schedule of gross loans by payment activity | The following tables provide information on gross loans based on payment activity.
September 30, 2019 | Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands) |  | (In thousands)
Single-family residential | $ | 5,809,923 |  |  | 99.6 | % |  | $ | 25,271 |  |  | 0.4 | %
Construction | 2,038,052 |  |  | 100.0 |  |  | — |  |  | — |
Construction - custom | 540,741 |  |  | 100.0 |  |  | — |  |  | — |
Land - acquisition & development | 203,938 |  |  | 99.9 |  |  | 169 |  |  | 0.1 |
Land - consumer lot loans | 99,448 |  |  | 99.8 |  |  | 246 |  |  | 0.2 |
Multi-family | 1,422,674 |  |  | 100.0 |  |  | — |  |  | — |
Commercial real estate | 1,625,335 |  |  | 99.6 |  |  | 5,835 |  |  | 0.4 |
Commercial & industrial | 1,267,403 |  |  | 99.9 |  |  | 1,292 |  |  | 0.1 |
HELOC | 141,271 |  |  | 99.4 |  |  | 907 |  |  | 0.6 |
Consumer | 129,872 |  |  | 100.0 |  |  | 11 |  |  | — |
| $ | 13,278,657 |  |  | 99.7 | % |  | $ | 33,731 |  |  | 0.3 | %
September 30, 2018 | Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands) |  | (In thousands)
Single-family residential | $ | 5,771,323 |  |  | 99.5 | % |  | $ | 27,643 |  |  | 0.5 | %
Construction | 1,888,241 |  |  | 99.9 |  |  | 2,427 |  |  | 0.1 |
Construction - custom | 624,479 |  |  | 100.0 |  |  | — |  |  | — |
Land - acquisition & development | 154,284 |  |  | 99.4 |  |  | 920 |  |  | 0.6 |
Land - consumer lot loans | 101,249 |  |  | 99.2 |  |  | 787 |  |  | 0.8 |
Multi-family | 1,385,125 |  |  | 100.0 |  |  | — |  |  | — |
Commercial real estate | 1,443,197 |  |  | 99.4 |  |  | 8,971 |  |  | 0.6 |
Commercial & industrial | 1,126,480 |  |  | 98.7 |  |  | 14,394 |  |  | 1.3 |
HELOC | 130,329 |  |  | 99.6 |  |  | 523 |  |  | 0.4 |
Consumer | 173,285 |  |  | 100.0 |  |  | 21 |  |  | — |
| $ | 12,797,992 |  |  | 99.6 | % |  | $ | 55,686 |  |  | 0.4 | %
Summary of impaired loans by category | The following tables provide information on impaired loans by loan category.
September 30, 2019 | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
Impaired loans with no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | 17,979 |  |  | $ | 19,252 |  |  | $ | — |  |  | $ | 16,685 |
Construction | — |  |  | — |  |  | — |  |  | 1,172 |
Construction - custom | — |  |  | — |  |  | — |  |  | 251 |
Land - acquisition & development | 78 |  |  | 143 |  |  | — |  |  | 290 |
Land - consumer lot loans | 344 |  |  | 848 |  |  | — |  |  | 287 |
Multi-family | — |  |  | — |  |  | — |  |  | 286 |
Commercial real estate | 7,467 |  |  | 11,881 |  |  | — |  |  | 8,890 |
Commercial & industrial | 1,114 |  |  | 5,312 |  |  | — |  |  | 7,168 |
HELOC | 837 |  |  | 931 |  |  | — |  |  | 597 |
Consumer | 50 |  |  | 119 |  |  | — |  |  | 23 |
| 27,869 |  |  | 38,486 |  |  | — |  |  | 35,649 |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 112,042 |  |  | 114,609 |  |  | 2,208 |  |  | 125,976 |
Land - acquisition & development | 91 |  |  | 152 |  |  | — |  |  | 99 |
Land - consumer lot loans | 3,556 |  |  | 3,695 |  |  | 20 |  |  | 4,324 |
Multi-family | 385 |  |  | 385 |  |  | 4 |  |  | 418 |
Commercial real estate | 4,168 |  |  | 5,298 |  |  | 323 |  |  | 5,160 |
Commercial & industrial | 426 |  |  | 691 |  |  | 92 |  |  | 2,535 |
HELOC | 949 |  |  | 963 |  |  | — |  |  | 961 |
Consumer | 60 |  |  | 282 |  |  | — |  |  | 65 |
| 121,677 |  |  | 126,075 |  |  | 2,647 |  | (1) | 139,538 |
Total: |  |  |  |  |  |  |
Single-family residential | 130,021 |  |  | 133,861 |  |  | 2,208 |  |  | 142,661 |
Construction | — |  |  | — |  |  | — |  |  | 1,172 |
Construction - custom | — |  |  | — |  |  | — |  |  | 251 |
Land - acquisition & development | 169 |  |  | 295 |  |  | — |  |  | 389 |
Land - consumer lot loans | 3,900 |  |  | 4,543 |  |  | 20 |  |  | 4,611 |
Multi-family | 385 |  |  | 385 |  |  | 4 |  |  | 704 |
Commercial real estate | 11,635 |  |  | 17,179 |  |  | 323 |  |  | 14,050 |
Commercial & industrial | 1,540 |  |  | 6,003 |  |  | 92 |  |  | 9,703 |
HELOC | 1,786 |  |  | 1,894 |  |  | — |  |  | 1,558 |
Consumer | 110 |  |  | 401 |  |  | — |  |  | 88 |
| $ | 149,546 |  |  | $ | 164,561 |  |  | $ | 2,647 |  | (1) | $ | 175,187 |
____________________
(1) | Includes $439,000 of specific reserves and $2,208,000 included in the general reserves.
September 30, 2018 | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
Impaired loans with no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | 18,872 |  |  | $ | 20,050 |  |  | $ | — |  |  | $ | 20,097 |
Construction | 2,698 |  |  | 2,818 |  |  | — |  |  | 1,349 |
Construction - custom | — |  |  | — |  |  | — |  |  | 74 |
Land - acquisition & development | 814 |  |  | 814 |  |  | — |  |  | 572 |
Land - consumer lot loans | 311 |  |  | 336 |  |  | — |  |  | 260 |
Multi-family | — |  |  | — |  |  | — |  |  | 70 |
Commercial real estate | 9,425 |  |  | 14,035 |  |  | — |  |  | 11,158 |
Commercial & industrial | 10,137 |  |  | 10,146 |  |  | — |  |  | 9,208 |
HELOC | 410 |  |  | 1,170 |  |  | — |  |  | 450 |
Consumer | 20 |  |  | 56 |  |  | — |  |  | 54 |
| 42,687 |  |  | 49,425 |  |  | — |  |  | 43,292 |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 139,796 |  |  | 143,099 |  |  | 2,871 |  |  | 161,729 |
Land - acquisition & development | 107 |  |  | 157 |  |  | — |  |  | 39 |
Land - consumer lot loans | 4,916 |  |  | 5,290 |  |  | 9 |  |  | 6,449 |
Multi-family | 448 |  |  | 448 |  |  | 4 |  |  | 471 |
Commercial real estate | 6,254 |  |  | 7,733 |  |  | 150 |  |  | 10,445 |
Commercial & industrial | 4,291 |  |  | 7,506 |  |  | 354 |  |  | 4,495 |
HELOC | 976 |  |  | 984 |  |  | — |  |  | 1,395 |
Consumer | 70 |  |  | 70 |  |  | — |  |  | 83 |
| 156,858 |  |  | 165,287 |  |  | 3,388 |  | (1) | 185,106 |
Total: |  |  |  |  |  |  |
Single-family residential | 158,668 |  |  | 163,149 |  |  | 2,871 |  |  | 181,826 |
Construction | 2,698 |  |  | 2,818 |  |  | — |  |  | 1,349 |
Construction - custom | — |  |  | — |  |  | — |  |  | 74 |
Land - acquisition & development | 921 |  |  | 971 |  |  | — |  |  | 611 |
Land - consumer lot loans | 5,227 |  |  | 5,626 |  |  | 9 |  |  | 6,709 |
Multi-family | 448 |  |  | 448 |  |  | 4 |  |  | 541 |
Commercial real estate | 15,679 |  |  | 21,768 |  |  | 150 |  |  | 21,603 |
Commercial & industrial | 14,428 |  |  | 17,652 |  |  | 354 |  |  | 13,703 |
HELOC | 1,386 |  |  | 2,154 |  |  | — |  |  | 1,845 |
Consumer | 90 |  |  | 126 |  |  | — |  |  | 137 |
| $ | 199,545 |  |  | $ | 214,712 |  |  | $ | 3,388 |  | (1) | $ | 228,398 |
____________________ (1) Includes $517,000 of specific reserves and $2,871,000 included in the general reserves.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + Details
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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5212-111524 + Details
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- Definition Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block] + References No definition available. + Details
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