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Loans Receivable (Tables)

3 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Schedule of Loans Receivable

The following table is a summary of loans receivable.

	December 31, 2018						September 30, 2018
	(In thousands)						(In thousands)
Gross loans by category
Single-family residential	$	5,844,963		44.9	%		$	5,798,966		45.1	%
Construction	1,841,674			14.1			1,890,668			14.7
Construction - custom	607,071			4.7			624,479			4.9
Land - acquisition & development	181,323			1.4			155,204			1.2
Land - consumer lot loans	100,563			0.8			102,036			0.8
Multi-family	1,405,172			10.8			1,385,125			10.8
Commercial real estate	1,526,887			11.7			1,452,168			11.3
Commercial & industrial	1,213,738			9.3			1,140,874			8.9
HELOC	136,856			1.1			130,852			1.0
Consumer	162,221			1.2			173,306			1.3
Total gross loans	13,020,468			100	%		12,853,678			100	%
Less:
Allowance for loan losses	131,165						129,257
Loans in process	1,138,308						1,195,506
Net deferred fees, costs and discounts	50,756						51,834
Total loan contra accounts	1,320,229						1,376,597
Net loans	$	11,700,239					$	11,477,081

Summary of Information Regarding Non-Accrual Loans

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

	December 31, 2018							September 30, 2018
	(In thousands, except ratio data)
Non-accrual loans:
Single-family residential	$	24,748			48.1	%		$	27,643			49.6	%
Construction	1,380				2.7			2,427				4.4
Land - acquisition & development	438				0.9			920				1.7
Land - consumer lot loans	785				1.5			787				1.4
Commercial real estate	9,478				18.4			8,971				16.1
Commercial & industrial	13,995				27.2			14,394				25.8
HELOC	599				1.2			523				0.9
Consumer	27				0.1			21				—
Total non-accrual loans	$	51,450			100	%		$	55,686			100	%
% of total net loans	0.44		%					0.49		%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.

December 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, except ratio data)
Single-family residential	$	5,844,383			$	5,817,233			$	5,857			$	5,019			$	16,274			$	27,150			0.46	%
Construction	1,047,229				1,045,849				—				—				1,380				1,380				0.13
Construction - custom	299,622				299,622				—				—				—				—				—
Land - acquisition & development	145,635				145,443				—				—				192				192				0.13
Land - consumer lot loans	100,440				99,957				—				—				483				483				0.48
Multi-family	1,405,149				1,403,524				974				651				—				1,625				0.12
Commercial real estate	1,526,887				1,520,083				1,757				2,942				2,105				6,804				0.45
Commercial & industrial	1,213,738				1,203,436				283				234				9,785				10,302				0.85
HELOC	136,856				135,488				411				569				388				1,368				1.00
Consumer	162,221				161,946				121				125				29				275				0.17
Total Loans	$	11,882,160			$	11,832,581			$	9,403			$	9,540			$	30,636			$	49,579			0.42	%
Delinquency %					99.58%				0.08%				0.08%				0.26%				0.42%

September 30, 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, except ratio data)
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%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

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

	Three Months Ended December 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	1			$	283			$	283			8			$	2,012			$	2,012
Commercial & Industrial	—			—				—				3			7,256				7,256
	1			$	283			$	283			11			$	9,268			$	9,268

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 December 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			$	543			1			$	44
	1			$	543			1			$	44

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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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