XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

New Accounting Pronouncements (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract] |
Accounting Standards Update and Change in Accounting Principle | The Company recorded a decrease to retained earnings of $21,945,000 as of October 1, 2019 for the cumulative effect of adopting ASC 326 as further detailed below.
| September 30, 2019 |  | CECL Adoption Impact |  | October 1, 2019 |  |  |  |  |  |
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Multi-family | $ | 7,391 |  |  | $ | 3,013 |  |  | $ | 10,404 |  |  |  |  |  |  |
Commercial real estate | 13,170 |  |  | (146) |  |  | 13,024 |  |  |  |  |  |  |
Commercial & industrial | 31,450 |  |  | 785 |  |  | 32,235 |  |  |  |  |  |  |
Construction | 32,304 |  |  | (9,536) |  |  | 22,768 |  |  |  |  |  |  |
Land - acquisition & development | 9,155 |  |  | 1,749 |  |  | 10,904 |  |  |  |  |  |  |
Total commercial loans | 93,470 |  |  | (4,135) |  |  | 89,335 |  |  |  |  |  |  |
Consumer loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 30,988 |  |  | 16,783 |  |  | 47,771 |  |  |  |  |  |  |
Construction - custom | 1,369 |  |  | 1,511 |  |  | 2,880 |  |  |  |  |  |  |
Land - consumer lot loans | 2,143 |  |  | 492 |  |  | 2,635 |  |  |  |  |  |  |
HELOC | 1,103 |  |  | 945 |  |  | 2,048 |  |  |  |  |  |  |
Consumer | 2,461 |  |  | 2,154 |  |  | 4,615 |  |  |  |  |  |  |
Total consumer loans | 38,064 |  |  | 21,885 |  |  | 59,949 |  |  |  |  |  |  |
Total allowance for loan losses | 131,534 |  |  | 17,750 |  |  | 149,284 |  |  |  |  |  |  |
Reserve for unfunded commitments | 6,900 |  |  | 10,750 |  |  | 17,650 |  |  |  |  |  |  |
Total allowance for credit losses | $ | 138,434 |  |  | $ | 28,500 |  |  | $ | 166,934 |  |  |  |  |  |  |
Retained earnings |  |  |  |  |  |  |  |  |  |  |
Total pre-tax impact |  |  | $ | 28,500 |  |  |  |  |  |  |  |  |
Tax effect |  |  | (6,555) |  |  |  |  |  |  |  |  |
Decrease to retained earnings |  |  | $ | 21,945 |  |  |  |  |  |  |  |  |
|  |  |  |  | October 1, 2019 |  | December 31, 2019 |  | March 31, 2020 |  | June 30, 2020
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Multi-family |  |  |  |  | $ | 10,404 |  |  | $ | 10,506 |  |  | $ | 11,742 |  |  | $ | 12,088 |
Commercial real estate |  |  |  |  | 13,024 |  |  | 13,067 |  |  | 14,639 |  |  | 15,807 |
Commercial & industrial |  |  |  |  | 32,235 |  |  | 33,676 |  |  | 38,576 |  |  | 42,179 |
Construction |  |  |  |  | 22,768 |  |  | 21,919 |  |  | 23,348 |  |  | 25,693 |
Land - acquisition & development |  |  |  |  | 10,904 |  |  | 10,413 |  |  | 10,399 |  |  | 10,641 |
Total commercial loans |  |  |  |  | 89,335 |  |  | 89,581 |  |  | 98,704 |  |  | 106,408 |
Consumer loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential |  |  |  |  | 47,771 |  |  | 46,356 |  |  | 46,817 |  |  | 47,149 |
Construction - custom |  |  |  |  | 2,880 |  |  | 2,930 |  |  | 3,175 |  |  | 3,336 |
Land - consumer lot loans |  |  |  |  | 2,635 |  |  | 2,567 |  |  | 2,578 |  |  | 2,671 |
HELOC |  |  |  |  | 2,048 |  |  | 2,034 |  |  | 2,246 |  |  | 2,588 |
Consumer |  |  |  |  | 4,615 |  |  | 4,045 |  |  | 3,581 |  |  | 3,197 |
Total consumer loans |  |  |  |  | 59,949 |  |  | 57,932 |  |  | 58,397 |  |  | 58,941 |
Total allowance for loan losses |  |  |  |  | 149,284 |  |  | 147,513 |  |  | 157,101 |  |  | 165,349 |
Reserve for unfunded commitments |  |  |  |  | 17,650 |  |  | 18,250 |  |  | 18,650 |  |  | 19,500 |
Total allowance for credit losses |  |  |  |  | $ | 166,934 |  |  | $ | 165,763 |  |  | $ | 175,751 |  |  | $ | 184,849 |
Beginning balance |  |  |  |  |  |  | $ | 166,934 |  |  | $ | 165,763 |  |  | $ | 175,751 |
Net (charge-offs) recoveries |  |  |  |  |  |  | 2,579 |  |  | 1,788 |  |  | (1,702) |
Net provision (release) |  |  |  |  |  |  | (3,750) |  |  | 8,200 |  |  | 10,800 |
Ending balance |  |  |  |  |  |  | $ | 165,763 |  |  | $ | 175,751 |  |  | $ | 184,849 |

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

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration