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v3.20.1

Loans Receivable (Tables) | 6 Months Ended
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Mar. 31, 2020
Receivables [Abstract] |
Schedule of Loans Receivable | The following table is a summary of loans receivable.
| March 31, 2020 |  |  | September 30, 2019 |
| (In thousands) |  |  | (In thousands) |
Gross loans by category |  |  |  |  |
Single-family residential | $ | 5,582,244 |  | 41.5 | % |  | $ | 5,835,194 |  | 43.8 | %
Construction | 2,204,283 |  | 16.4 |  |  | 2,038,052 |  | 15.3 |
Construction - custom | 547,731 |  | 4.1 |  |  | 540,741 |  | 4.1 |
Land - acquisition & development | 197,010 |  | 1.5 |  |  | 204,107 |  | 1.5 |
Land - consumer lot loans | 96,579 |  | 0.7 |  |  | 99,694 |  | 0.7 |
Multi-family | 1,467,231 |  | 10.9 |  |  | 1,422,674 |  | 10.7 |
Commercial real estate | 1,717,535 |  | 12.8 |  |  | 1,631,170 |  | 12.3 |
Commercial & industrial | 1,371,128 |  | 10.2 |  |  | 1,268,695 |  | 9.5 |
HELOC | 145,761 |  | 1.1 |  |  | 142,178 |  | 1.1 |
Consumer | 105,147 |  | 0.8 |  |  | 129,883 |  | 1.0 |
Total gross loans | 13,434,649 |  | 100 | % |  | 13,312,388 |  | 100 | %
Less: |  |  |  |  |
Allowance for loan losses | 139,501 |  |  |  | 131,534 |  |
Loans in process | 1,289,812 |  |  |  | 1,201,341 |  |
Net deferred fees, costs and discounts | 31,095 |  |  |  | 48,938 |  |
Total loan contra accounts | 1,460,408 |  |  |  | 1,381,813 |  |
Net loans | $ | 11,974,241 |  |  |  | $ | 11,930,575 |  |
Summary of Information Regarding Non-Accrual Loans | The following table sets forth information regarding non-accrual loans.
| March 31, 2020 |  |  |  | September 30, 2019 |  |
| (In thousands, except ratio data) |  |  |  |  |  |
Non-accrual loans: |  |  |  |  |  |  |
Single-family residential | $ | 22,859 |  |  | 70.1 | % |  | $ | 25,271 |  |  | 74.9 | %
Construction | 3,353 |  |  | 10.3 |  |  | — |  |  | — |
Land - acquisition & development | 82 |  |  | 0.3 |  |  | 169 |  |  | 0.5 |
Land - consumer lot loans | 408 |  |  | 1.2 |  |  | 246 |  |  | 0.7 |
Commercial real estate | 4,374 |  |  | 13.4 |  |  | 5,835 |  |  | 17.3 |
Commercial & industrial | 470 |  |  | 1.4 |  |  | 1,292 |  |  | 3.8 |
HELOC | 1,064 |  |  | 3.3 |  |  | 907 |  |  | 2.7 |
Consumer | — |  |  | 0.0 |  |  | 11 |  |  | 0.0 |
Total non-accrual loans | $ | 32,610 |  |  | 100 | % |  | $ | 33,731 |  |  | 100 | %
% of total net loans | 0.27 | % |  |  |  | 0.28 | % |  |
Analysis of Age of Loans in Past Due Status | The following tables provide details regarding delinquent loans.
March 31, 2020 | 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 | $ | 5,582,243 |  |  | $ | 5,556,051 |  |  | $ | 5,154 |  |  | $ | 3,857 |  |  | $ | 17,181 |  |  | $ | 26,192 |  |  | 0.47 | %
Construction | 1,235,731 |  |  | 1,232,378 |  |  | — |  |  | — |  |  | 3,353 |  |  | 3,353 |  |  | 0.27 |
Construction - custom | 270,880 |  |  | 270,880 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 152,623 |  |  | 152,229 |  |  | 394 |  |  | — |  |  | — |  |  | 394 |  |  | 0.26 |
Land - consumer lot loans | 96,580 |  |  | 95,796 |  |  | 141 |  |  | 270 |  |  | 373 |  |  | 784 |  |  | 0.81 |
Multi-family | 1,467,208 |  |  | 1,466,852 |  |  | 356 |  |  | — |  |  | — |  |  | 356 |  |  | 0.02 |
Commercial real estate | 1,717,535 |  |  | 1,712,893 |  |  | 580 |  |  | 414 |  |  | 3,648 |  |  | 4,642 |  |  | 0.27 |
Commercial & industrial | 1,371,128 |  |  | 1,368,840 |  |  | 2,215 |  |  | — |  |  | 73 |  |  | 2,288 |  |  | 0.17 |
HELOC | 145,761 |  |  | 144,709 |  |  | 151 |  |  | 37 |  |  | 864 |  |  | 1,052 |  |  | 0.72 |
Consumer | 105,148 |  |  | 104,564 |  |  | 276 |  |  | 86 |  |  | 222 |  |  | 584 |  |  | 0.56 |
Total Loans | $ | 12,144,837 |  |  | $ | 12,105,192 |  |  | $ | 9,267 |  |  | $ | 4,664 |  |  | $ | 25,714 |  |  | $ | 39,645 |  |  | 0.33 | %
Delinquency % |  |  | 99.67% |  | 0.08% |  | 0.04% |  | 0.21% |  | 0.33% |  |
September 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 | $ | 5,835,186 |  |  | $ | 5,809,239 |  |  | $ | 3,672 |  |  | $ | 3,211 |  |  | $ | 19,064 |  |  | $ | 25,947 |  |  | 0.44 | %
Construction | 1,164,889 |  |  | 1,164,889 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | 255,505 |  |  | 255,505 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 161,194 |  |  | 161,194 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - consumer lot loans | 99,694 |  |  | 98,916 |  |  | 112 |  |  | 619 |  |  | 47 |  |  | 778 |  |  | 0.78 |
Multi-family | 1,422,652 |  |  | 1,422,652 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 1,631,171 |  |  | 1,625,509 |  |  | 1,614 |  |  | 285 |  |  | 3,763 |  |  | 5,662 |  |  | 0.35 |
Commercial & industrial | 1,268,695 |  |  | 1,267,828 |  |  | — |  |  | — |  |  | 867 |  |  | 867 |  |  | 0.07 |
HELOC | 142,178 |  |  | 140,718 |  |  | 580 |  |  | 183 |  |  | 697 |  |  | 1,460 |  |  | 1.03 |
Consumer | 129,883 |  |  | 129,227 |  |  | 295 |  |  | 117 |  |  | 244 |  |  | 656 |  |  | 0.51 |
Total Loans | $ | 12,111,047 |  |  | $ | 12,075,677 |  |  | $ | 6,273 |  |  | $ | 4,415 |  |  | $ | 24,682 |  |  | $ | 35,370 |  |  | 0.29 | %
Delinquency % |  |  | 99.71% |  | 0.05% |  | 0.04% |  | 0.20% |  | 0.29% |  |

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