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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value, Notional Amount and Balance Sheet Classification | The following tables present the fair value, notional amount and balance sheet classification of derivative assets and liabilities at June 30, 2019 and September 30, 2018.
June 30, 2019 | Derivative Assets |  | Derivative Liabilities
| Balance Sheet Location | Notional | Fair Value |  | Balance Sheet Location | Notional | Fair Value
| (In thousands) |  | (In thousands)
Client swap program | Other assets | $ | 429,310 |  | $ | 13,912 |  |  | Other liabilities | $ | 429,310 |  | $ | 13,912 |
Commercial loan fair value hedges | Other assets | — |  | — |  |  | Other liabilities | 95,645 |  | 2,585 |
Borrowings cash flow hedges | Other assets | — |  | — |  |  | Other liabilities | 700,000 |  | 4,442 |
|  | $ | 429,310 |  | $ | 13,912 |  |  |  | $ | 1,224,955 |  | $ | 20,939 |
September 30, 2018 | Derivative Assets |  | Derivative Liabilities
Interest rate contract purpose | Balance Sheet Location | Notional | Fair Value |  | Balance Sheet Location | Notional | Fair Value
| (In thousands) |  | (In thousands)
Client swap program | Other assets | $ | 395,396 |  | $ | 12,731 |  |  | Other liabilities | $ | 395,396 |  | $ | 12,731 |
Commercial loan fair value hedges | Other assets | 97,927 |  | 3,857 |  |  | Other liabilities | — |  | — |
Borrowings cash flow hedges | Other assets | 700,000 |  | 22,250 |  |  | Other liabilities | — |  | — |
|  | $ | 1,193,323 |  | $ | 38,838 |  |  |  | $ | 395,396 |  | $ | 12,731 |
Schedule of Fair Value Hedge Accounting on Carrying Value of Hedged Items | The following table presents the impact of fair value hedge accounting on the carrying value of the hedged items (fixed rate commercial loans) at June 30, 2019.
(In thousands) | June 30, 2019
Balance sheet line item in which hedged item is recorded | Carrying value of hedged items | Cumulative gain (loss) fair value hedge adjustment included in carrying amount of hedged items
Loans receivable | $ | 93,271 |  | $ | (2,585 | )
| $ | 93,271 |  | $ | (2,585 | )
Schedule of Impact of Derivative Instruments | The following table presents the impact of derivative instruments (client swap program) that are not designated in accounting hedges under ASC 815 for the periods presented.
(In thousands) |  | Three Months Ended June 30,
Derivative instruments | Classification of gain/(loss) recognized in income on derivative instrument | 2019
Interest rate contracts: |  |
Pay fixed/receive floating swap | Other noninterest income | $ | (11,091 | )
Receive fixed/pay floating swap | Other noninterest income | 11,091 |
|  | $ | — |
(In thousands) |  | Nine Months Ended June 30,
Derivative instruments | Classification of gain/(loss) recognized in income on derivative instrument | 2019
Interest rate contracts: |  |
Pay fixed/receive floating swap | Other noninterest income | $ | (26,643 | )
Receive fixed/pay floating swap | Other noninterest income | 26,643 |
|  | $ | — |
The following table presents the impact of derivative instruments (cash flow hedges on borrowings) on AOCI for the periods presented.
(In thousands) | Three Months Ended June 30,
Amount of gain/(loss) recognized in AOCI on derivatives in cash flow hedging relationships | 2019
Interest rate contracts: |
Pay fixed/receive floating swaps on cash flow hedges of borrowings | $ | (10,043 | )
Total pre-tax gain/(loss) recognized in AOCI | $ | (10,043 | )
(In thousands) | Nine Months Ended June 30,
Amount of gain/(loss) recognized in AOCI on derivatives in cash flow hedging relationships | 2019
Interest rate contracts: |
Pay fixed/receive floating swaps on cash flow hedges of borrowings | $ | (26,692 | )
Total pre-tax gain/(loss) recognized in AOCI | $ | (26,692 | )
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The following table presents the gains/(losses) on derivative instruments in fair value and cash flow accounting hedging relationships under ASC 815 for the period presented.
Three Months Ended June 30, 2019 | Interest income on loans receivable | Interest expense on FHLB advances
| (In thousands)
Interest income/(expense), including the effects of fair value and cash flow hedges | $ | 145,490 |  | $ | (17,829 | )
Gain/(loss) on fair value hedging relationships: |  |
Interest rate contracts |  |
Amounts related to interest settlements on derivatives | $ | 50 |  |
Recognized on derivatives | (2,491 | ) |
Recognized on hedged items | 2,489 |  |
Net income/(expense) recognized on fair value hedges | $ | 48 |  |
Gain/(loss) on cash flow hedging relationships: |  |
Interest rate contracts |  |
Amounts related to interest settlements on derivatives |  | $ | (817 | )
Amount of derivative gain/(loss) reclassified from AOCI into interest income/expense |  | — |
Net income/(expense) recognized on cash flow hedges |  | $ | (817 | )
Nine Months Ended June 30, 2019 | Interest income on loans receivable | Interest expense on FHLB advances
| (In thousands)
Interest income/(expense), including the effects of fair value and cash flow hedges | $ | 423,616 |  | $ | (52,566 | )
Gain/(loss) on fair value hedging relationships: |  |
Interest rate contracts |  |
Amounts related to interest settlements on derivatives | $ | 127 |  |
Recognized on derivatives | (6,409 | ) |
Recognized on hedged items | 6,369 |  |
Net income/(expense) recognized on fair value hedges | $ | 87 |  |
Gain/(loss) on cash flow hedging relationships: |  |
Interest rate contracts |  |
Amounts related to interest settlements on derivatives |  | $ | (2,222 | )
Amount of derivative gain/(loss) reclassified from AOCI into interest income/expense |  | — |
Net income/(expense) recognized on cash flow hedges |  | $ | (2,222 | )

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