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Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Activity in Allowance for Loan Losses

The following tables summarize the activity in the allowance for loan losses.

Three Months Ended December 31, 2018	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	33,033			$	(25	)		$	230			$	(1,754	)		$	31,484
Construction	31,317				—				—				146				31,463
Construction - custom	1,842				—				—				84				1,926
Land - acquisition & development	7,978				—				1,782				(604		)		9,156
Land - consumer lot loans	2,164				(72		)		265				(213		)		2,144
Multi-family	8,329				—				—				(445		)		7,884
Commercial real estate	11,852				(339		)		525				673				12,711
Commercial & industrial	28,702				(179		)		33				1,723				30,279
HELOC	781				(886		)		1				1,168				1,064
Consumer	3,259				(140		)		213				(278		)		3,054
	$	129,257			$	(1,641	)		$	3,049			$	500			$	131,165

Three Months Ended December 31, 2017	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	36,892			$	(461	)		$	121			$	(624	)		$	35,928
Construction	24,556				—				—				658				25,214
Construction - custom	1,944				(50		)		—				158				2,052
Land - acquisition & development	6,829				—				3,372				(2,846		)		7,355
Land - consumer lot loans	2,649				(47		)		—				304				2,906
Multi-family	7,862				—				—				42				7,904
Commercial real estate	11,818				—				—				(193		)		11,625
Commercial & industrial	28,524				(116		)		55				805				29,268
HELOC	855				—				—				(47		)		808
Consumer	1,144				(78		)		286				2,743				4,095
	$	123,073			$	(752	)		$	3,834			$	1,000			$	127,155

Summary of Loans Collectively and Individually Evaluated for Impairment and Related Allocation of Reserves

The following tables show loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves.

December 31, 2018	Loans Collectively Evaluated for Impairment											Loans Individually Evaluated for Impairment
	Allowance Allocation				Recorded Investment of Loans				Ratio			Allowance Allocation				Recorded Investment of Loans				Ratio
	(In thousands, except ratio data)											(In thousands, except ratio data)
Single-family residential	$	31,484			$	5,833,667			0.5	%		$	—			$	16,259			—	%
Construction	31,463				1,045,849				3.0			—				1,380				—
Construction - custom	1,926				299,622				0.6			—				—				—
Land - acquisition & development	9,147				145,197				6.3			9				438				2.1
Land - consumer lot loans	2,144				95,628				2.2			—				303				—
Multi-family	7,880				1,404,714				0.6			4				435				0.9
Commercial real estate	12,569				1,512,064				0.8			142				14,823				1.0
Commercial & industrial	29,934				1,199,565				2.5			345				14,206				2.4
HELOC	1,064				135,369				0.8			—				519				—
Consumer	3,054				161,958				1.9			—				162				—
	$	130,665			$	11,833,633			1.1	%		$	500			$	48,525			1.0	%

September 30, 2018	Loans Collectively Evaluated for Impairment											Loans Individually Evaluated for Impairment
	Allowance Allocation				Recorded Investment of Loans				Ratio			Allowance Allocation				Recorded Investment of Loans				Ratio
	(In thousands, except ratio data)											(In thousands, except ratio data)
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 risk rating categories as defined above.

December 31, 2018	Internally Assigned Grade
	Pass				Special mention				Substandard				Doubtful				Loss				Total Gross Loans
	(In thousands, except ratio data)
Loan type
Single-family residential	$	5,815,029			$	—			$	29,934			$	—			$	—			$	5,844,963
Construction	1,832,326				7,968				1,380				—				—				1,841,674
Construction - custom	607,071				—				—				—				—				607,071
Land - acquisition & development	179,602				—				1,721				—				—				181,323
Land - consumer lot loans	99,778				—				785				—				—				100,563
Multi-family	1,397,920				3,254				3,998				—				—				1,405,172
Commercial real estate	1,484,559				19,810				22,518				—				—				1,526,887
Commercial & industrial	1,169,981				9,790				33,967				—				—				1,213,738
HELOC	136,256				—				600				—				—				136,856
Consumer	162,191				—				30				—				—				162,221
Total gross loans	$	12,884,713			$	40,822			$	94,933			$	—			$	—			$	13,020,468
Total grade as a % of total gross loans	99.0		%		0.3		%		0.7		%		—		%		—		%

September 30, 2018	Internally Assigned Grade
	Pass				Special mention				Substandard				Doubtful				Loss				Total Gross Loans
	(In thousands, except ratio data)
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		%		—		%		—		%

The following tables provide information on gross loans based on borrower payment activity.

December 31, 2018	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands, except ratio data)
Single-family residential	$	5,820,215			99.6	%		$	24,748			0.4	%
Construction	1,840,294				99.9			1,380				0.1
Construction - custom	607,071				100.0			—				—
Land - acquisition & development	180,885				99.8			438				0.2
Land - consumer lot loans	99,778				99.2			785				0.8
Multi-family	1,405,172				100.0			—				—
Commercial real estate	1,517,409				99.4			9,478				0.6
Commercial & industrial	1,199,743				98.8			13,995				1.2
HELOC	136,257				99.6			599				0.4
Consumer	162,194				100.0			27				—
	$	12,969,018			99.6	%		$	51,450			0.4	%

September 30, 2018	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands, except ratio data)
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 Based on Type

The following tables provide information on impaired loan balances and the related allowances by loan types.

December 31, 2018	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment (Year-To-Date)
	(In thousands)
Impaired loans with no related allowance recorded:
Single-family residential	$	15,438			$	16,633			$	—			$	17,155
Construction	1,630				1,750				—				2,164
Land - acquisition & development	335				335				—				575
Land - consumer lot loans	181				281				—				246
Commercial real estate	9,945				15,035				—				9,685
Commercial & industrial	9,868				10,055				—				10,003
HELOC	519				612				—				465
Consumer	25				230				—				23
	37,941				44,931				—				40,316
Impaired loans with an allowance recorded:
Single-family residential	133,808				136,876				2,498				136,802
Land - acquisition & development	103				156				—				105
Land - consumer lot loans	4,601				4,930				9				4,759
Multi-family	435				435				4				442
Commercial real estate	5,552				6,625				142				5,903
Commercial & industrial	4,159				7,502				345				4,225
HELOC	968				978				—				972
Consumer	67				67				—				69
	149,693				157,569				2,998			(1)	153,277
Total impaired loans:
Single-family residential	149,246				153,509				2,498				153,957
Construction	1,630				1,750				—				2,164
Land - acquisition & development	438				491				—				680
Land - consumer lot loans	4,782				5,211				9				5,005
Multi-family	435				435				4				442
Commercial real estate	15,497				21,660				142				15,588
Commercial & industrial	14,027				17,557				345				14,228
HELOC	1,487				1,590				—				1,437
Consumer	92				297				—				92
	$	187,634			$	202,500			$	2,998		(1)	$	193,593

(1) Includes $500,000 of specific reserves and $2,498,000 included in the general reserves.

September 30, 2018	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment (Year-To-Date)
	(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 impaired loans:
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 financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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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://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=84173941&loc=SL6953659-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

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Tabular disclosure of impaired financing receivables.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

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Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block]

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