XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.19.2

Loans Receivable (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2019
Receivables [Abstract] |
Schedule of Loans Receivable | The following table is a summary of loans receivable.
| June 30, 2019 |  | September 30, 2018
| (In thousands) |  | (In thousands)
Gross loans by category |  |  |  |  |
Single-family residential | $ | 5,873,583 |  | 44.1 | % |  | $ | 5,798,966 |  | 45.1 | %
Construction | 1,997,236 |  | 15.0 |  |  | 1,890,668 |  | 14.7 |
Construction - custom | 570,897 |  | 4.3 |  |  | 624,479 |  | 4.9 |
Land - acquisition & development | 203,086 |  | 1.5 |  |  | 155,204 |  | 1.2 |
Land - consumer lot loans | 95,227 |  | 0.7 |  |  | 102,036 |  | 0.8 |
Multi-family | 1,403,142 |  | 10.5 |  |  | 1,385,125 |  | 10.8 |
Commercial real estate | 1,622,943 |  | 12.2 |  |  | 1,452,168 |  | 11.3 |
Commercial & industrial | 1,256,398 |  | 9.4 |  |  | 1,140,874 |  | 8.9 |
HELOC | 139,914 |  | 1.0 |  |  | 130,852 |  | 1.0 |
Consumer | 142,317 |  | 1.1 |  |  | 173,306 |  | 1.3 |
Total gross loans | 13,304,743 |  | 100 | % |  | 12,853,678 |  | 100 | %
Less: |  |  |  |  |
Allowance for loan losses | 134,022 |  |  |  | 129,257 |  |
Loans in process | 1,148,876 |  |  |  | 1,195,506 |  |
Net deferred fees, costs and discounts | 47,312 |  |  |  | 51,834 |  |
Total loan contra accounts | 1,330,210 |  |  |  | 1,376,597 |  |
Net loans | $ | 11,974,533 |  |  |  | $ | 11,477,081 |  |
Summary of Information Regarding Non-Accrual Loans | The following table sets forth information regarding non-accrual loans.
| June 30, 2019 |  | September 30, 2018
| (In thousands, except ratio data)
Non-accrual loans: |  |  |  |  |  |  |
Single-family residential | $ | 22,285 |  |  | 54.3 | % |  | $ | 27,643 |  |  | 49.6 | %
Construction | — |  |  | — |  |  | 2,427 |  |  | 4.4 |
Construction - custom | 1,161 |  |  | 2.8 |  |  | — |  |  | — |
Land - acquisition & development | 173 |  |  | 0.4 |  |  | 920 |  |  | 1.7 |
Land - consumer lot loans | 641 |  |  | 1.6 |  |  | 787 |  |  | 1.4 |
Multi-family | 1,431 |  |  | 3.5 |  |  | — |  |  | — |
Commercial real estate | 8,464 |  |  | 20.6 |  |  | 8,971 |  |  | 16.1 |
Commercial & industrial | 6,047 |  |  | 14.7 |  |  | 14,394 |  |  | 25.8 |
HELOC | 803 |  |  | 2.0 |  |  | 523 |  |  | 0.9 |
Consumer | — |  |  | — |  |  | 21 |  |  | — |
Total non-accrual loans | $ | 41,005 |  |  | 100 | % |  | $ | 55,686 |  |  | 100 | %
% of total net loans | 0.34 | % |  |  |  | 0.49 | % |  |
Analysis of Age of Loans in Past Due Status | The following tables provide details regarding delinquent loans.
June 30, 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 | $ | 5,872,750 |  |  | $ | 5,846,159 |  |  | $ | 6,290 |  |  | $ | 5,081 |  |  | $ | 15,220 |  |  | $ | 26,591 |  |  | 0.45 | %
Construction | 1,168,667 |  |  | 1,168,667 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | 294,224 |  |  | 293,063 |  |  | — |  |  | — |  |  | 1,161 |  |  | 1,161 |  |  | 0.39 |
Land - acquisition & development | 160,383 |  |  | 160,383 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - consumer lot loans | 95,150 |  |  | 93,829 |  |  | 813 |  |  | 173 |  |  | 335 |  |  | 1,321 |  |  | 1.39 |
Multi-family | 1,403,120 |  |  | 1,401,689 |  |  | — |  |  | — |  |  | 1,431 |  |  | 1,431 |  |  | 0.10 |
Commercial real estate | 1,622,944 |  |  | 1,618,544 |  |  | 289 |  |  | 1,535 |  |  | 2,576 |  |  | 4,400 |  |  | 0.27 |
Commercial & industrial | 1,256,398 |  |  | 1,250,654 |  |  | 86 |  |  | 1,326 |  |  | 4,332 |  |  | 5,744 |  |  | 0.46 |
HELOC | 139,914 |  |  | 138,400 |  |  | 743 |  |  | 183 |  |  | 588 |  |  | 1,514 |  |  | 1.08 |
Consumer | 142,317 |  |  | 141,820 |  |  | 129 |  |  | 238 |  |  | 130 |  |  | 497 |  |  | 0.35 |
Total Loans | $ | 12,155,867 |  |  | $ | 12,113,208 |  |  | $ | 8,350 |  |  | $ | 8,536 |  |  | $ | 25,773 |  |  | $ | 42,659 |  |  | 0.35 | %
Delinquency % |  |  | 99.65% |  | 0.07% |  | 0.07% |  | 0.21% |  | 0.35% |  |
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 tables provide information related to loans restructured in a troubled debt restructuring ("TDR") during the periods presented.
| Three Months Ended June 30,
| 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 |  |  | $ | 619 |  |  | $ | 619 |  |  | 5 |  |  | $ | 714 |  |  | $ | 714 |
HELOC | — |  |  | — |  |  | — |  |  | 1 |  |  | 75 |  |  | 75 |
| 3 |  |  | $ | 619 |  |  | $ | 619 |  |  | 6 |  |  | $ | 789 |  |  | $ | 789 |
| Nine Months Ended June 30,
| 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 | 6 |  |  | $ | 942 |  |  | $ | 942 |  |  | 25 |  |  | $ | 4,909 |  |  | $ | 4,909 |
Land - consumer lot loans | 1 |  |  | 40 |  |  | 40 |  |  | — |  |  | — |  |  | — |
Commercial & Industrial | — |  |  | — |  |  | — |  |  | 3 |  |  | 7,256 |  |  | 7,256 |
HELOC | — |  |  | — |  |  | — |  |  | 1 |  |  | 75 |  |  | 75 |
| 7 |  |  | $ | 982 |  |  | $ | 982 |  |  | 29 |  |  | $ | 12,240 |  |  | $ | 12,240 |
Schedule of Loan Modifications | The following tables provide 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 June 30,
| 2019 |  | 2018
| Number of |  | Recorded |  | Number of |  | Recorded
| Contracts |  | Investment |  | Contracts |  | Investment
| ($ in thousands) |  | ($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted: |  |  |  |  |  |  |
| None |  | None
| Nine Months Ended June 30,
| 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 |

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Impaired Loans, Loan Commitments and Loans Serviced [Table Text Block] + References No definition available. + Details
Name: | wfsl_ScheduleOfImpairedLoansLoanCommitmentsAndLoansServicedTableTextBlock
Namespace Prefix: | wfsl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration