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Loans Receivable (Tables)

6 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of Loans Receivable

The following table is a summary of loans receivable.

	March 31, 2019						September 30, 2018
	(In thousands)						(In thousands)
Gross loans by category
Single-family residential	$	5,861,404		44.3	%		$	5,798,966		45.1	%
Construction	1,980,274			15.0			1,890,668			14.7
Construction - custom	586,515			4.4			624,479			4.9
Land - acquisition & development	194,739			1.5			155,204			1.2
Land - consumer lot loans	97,152			0.7			102,036			0.8
Multi-family	1,423,723			10.7			1,385,125			10.8
Commercial real estate	1,570,502			11.9			1,452,168			11.3
Commercial & industrial	1,230,888			9.3			1,140,874			8.9
HELOC	139,203			1.0			130,852			1.0
Consumer	156,002			1.2			173,306			1.3
Total gross loans	13,240,402			100	%		12,853,678			100	%
Less:
Allowance for loan losses	133,086						129,257
Loans in process	1,162,787						1,195,506
Net deferred fees, costs and discounts	49,693						51,834
Total loan contra accounts	1,345,566						1,376,597
Net loans	$	11,894,836					$	11,477,081

Summary of Information Regarding Non-Accrual Loans

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

	March 31, 2019							September 30, 2018
	(In thousands, except ratio data)
Non-accrual loans:
Single-family residential	$	24,474			50.0	%		$	27,643			49.6	%
Construction	1,282				2.6			2,427				4.4
Land - acquisition & development	242				0.5			920				1.7
Land - consumer lot loans	579				1.2			787				1.4
Commercial real estate	9,162				18.7			8,971				16.1
Commercial & industrial	12,366				25.3			14,394				25.8
HELOC	812				1.7			523				0.9
Consumer	24				—			21				—
Total non-accrual loans	$	48,941			100	%		$	55,686			100	%
% of total net loans	0.41		%					0.49		%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.

March 31, 2019	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	$	5,860,365			$	5,830,848			$	10,018			$	2,672			$	16,827			$	29,517			0.50	%
Construction	1,139,970				1,138,688				—				—				1,282				1,282				0.11
Construction - custom	307,405				306,929				—				476				—				476				0.15
Land - acquisition & development	152,546				152,394				152				—				—				152				0.10
Land - consumer lot loans	97,033				96,278				502				—				253				755				0.78
Multi-family	1,423,701				1,422,270				1,431				—				—				1,431				0.10
Commercial real estate	1,570,502				1,566,393				743				—				3,366				4,109				0.26
Commercial & industrial	1,230,888				1,221,571				311				—				9,006				9,317				0.76
HELOC	139,203				137,982				388				229				604				1,221				0.88
Consumer	156,002				155,749				91				16				146				253				0.16
Total Loans	$	12,077,615			$	12,029,102			$	13,636			$	3,393			$	31,484			$	48,513			0.40	%
Delinquency %					99.60%				0.11%				0.03%				0.26%				0.40%

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 March 31,
	2019											2018
				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	2			$	39			$	39			12			$	2,183			$	2,183
Land - consumer lot loans	1			40				40				—			—				—
	3			$	79			$	79			12			$	2,183			$	2,183

	Six Months Ended March 31,
	2019											2018
				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	3			$	323			$	323			20			$	4,195			$	4,195
Land - consumer lot loans	1			40				40				—			—				—
Commercial & Industrial	—			—				—				3			7,256				7,256
	4			$	363			$	363			23			$	11,451			$	11,451

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,
	2019							2018
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	($ in thousands)							($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
Single-family residential	4			$	755			1			$	162
	4			$	755			1			$	162

	Six Months Ended March 31,
	2019							2018
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	($ in thousands)							($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
Single-family residential	5			$	1,298			2			$	206
	5			$	1,298			2			$	206

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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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