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Allowance for Loan Losses
 12 Months Ended
Sep. 30, 2021
Receivables [Abstract]  
Allowance for Loan Losses ALLOWANCE FOR LOAN LOSSES
For a detailed discussion of loans and credit quality, including accounting policies and the CECL methodology used to estimate the allowance for credit losses, see Note A, "Summary of Significant Accounting Policies." The following tables summarize the activity in the allowance for loan losses by loan portfolio segment and class.  

Twelve Months Ended September 30, 2021Beginning
Allowance		Charge-offsRecoveriesProvision &
Transfers		Ending Allowance
 (In thousands)
Commercial loans
   Multi-family$13,853 $— $— $3,096 $16,949 
   Commercial real estate22,516 — 2,789 (1,868)23,437 
   Commercial & industrial38,665 (31)92 7,231 45,957 
   Construction - speculative24,156 — — 1,429 25,585 
 Land - acquisition & development10,733 (2)622 2,094 13,447 
      Total commercial loans109,923 (33)3,503 11,982 125,375 
Consumer loans
   Single-family residential45,186 (106)2,026 (16,128)30,978 
   Construction - custom3,555 — — 1,352 4,907 
   Land - consumer lot loans2,729 — 168 2,042 4,939 
   HELOC2,571 — 52 (233)2,390 
   Consumer2,991 (286)1,021 (1,015)2,711 
      Total consumer loans57,032 (392)3,267 (13,982)45,925 
$166,955 $(425)$6,770 $(2,000)$171,300 

Twelve Months Ended September 30, 2020Beginning Allowance
(Before ASC 326 Adoption)		Impact of ASC 326 AdoptionCharge-offsRecoveriesProvision &
Transfers		Ending Allowance (Before ASC 326 Adoption)
(In thousands)
Commercial loans
   Multi-family$7,391 $3,013 $— $498 $2,951 $13,853 
   Commercial real estate13,170 (146)(111)2,447 7,156 $22,516 
   Commercial & industrial31,450 785 (4,196)443 10,183 $38,665 
   Construction - speculative32,304 (9,536)— 188 1,200 $24,156 
   Land - acquisition & development9,155 1,749 (11)2,070 (2,230)$10,733 
      Total commercial loans93,470 (4,135)(4,318)5,646 19,260 109,923 
Consumer loans
   Single-family residential30,988 16,783 (131)1,394 (3,848)45,186 
   Construction - custom1,369 1,511 — — 675 3,555 
   Land - consumer lot loans2,143 492 (237)639 (308)2,729 
   HELOC1,103 945 — 95 428 2,571 
   Consumer2,461 2,154 (1,069)1,252 (1,807)2,991 
      Total consumer loans38,064 21,885 (1,437)3,380 (4,860)57,032 
$131,534 $17,750 $(5,755)$9,026 $14,400 $166,955 
The Company recorded a provision for credit losses of $500,000 in fiscal 2021, compared to provision of $21,750,000 in 2020. The significant provision in 2020 was due to higher expected losses with the onset of the global pandemic. In 2021, provisioning for net growth in the loan portfolio was mostly offset by releases related to improvements in macroeconomic variables used in the forecast component of the reserve. The Company had recoveries, net of charge-offs, of $6,345,000 for the year ended September 30, 2021, compared with $3,271,000 of net recoveries for the year ended September 30, 2020. A loan is charged-off when the loss is estimable and it is confirmed that the borrower is not expected to be able to meet its contractual obligations. No allowance was recorded as of September 30, 2021 for the $305,162,000 of PPP loans, which are included in the commercial & industrial loan category, due to the government guarantee.

Non-accrual loans increased to $31,749,000 as of September 30, 2021, from $29,056,000 as of September 30, 2020. Non-performing assets totaled $43,625,000, or 0.22% of total assets, at September 30, 2021, compared to $37,695,000, or 0.20% of total assets, as of September 30, 2020.

As of September 30, 2021, the allowance for loan losses of $171,300,000 is for loans that are evaluated on a pooled basis, which was comprised of $120,357,000 related to the quantitative component and $50,943,000 related to management's qualitative overlays (including the forecast component of the reserve).
The Company has an asset quality review function that analyzes its loan portfolio and reports the results of the review to its Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as described in Note D "Loans Receivable."

The following tables provide the amortized cost of loans receivable based on risk rating categories (as previously defined).
 
September 30, 2021Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands)
Loan type
Commercial loans
   Multi-family$2,252,395 $4,874 $16,420 $— $— $2,273,689 
   Commercial real estate2,174,386 57,625 197,321 — — 2,429,332 
   Commercial & industrial2,108,152 48,124 147,651 — — 2,303,927 
   Construction - speculative1,115,791 931 505 — — 1,117,227 
   Land - acquisition & development190,076 — 2,340 — — 192,416 
      Total commercial loans7,840,800 111,554 364,237 — — 8,316,591 
Consumer loans
   Single-family residential4,915,106 — 21,958 — — 4,937,064 
   Construction - custom347,752 — — — — 347,752 
   Land - consumer lot loans148,010 — 524 — — 148,534 
   HELOC166,652 — 288 — — 166,940 
   Consumer87,962 — 27 — — 87,989 
      Total consumer loans5,665,482 — 22,797 — — 5,688,279 
Total loans$13,506,282 $111,554 $387,034 $— $— $14,004,870 
Total grade as a % of total loans96.4 %0.8 %2.8 %— %— %
September 30, 2020Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands)
Loan type
Commercial loans
   Multi-family$1,506,692 $13,721 $17,827 $— $— $1,538,240 
   Commercial real estate1,681,230 92,184 111,274 — — 1,884,688 
   Commercial & industrial1,898,709 64,695 152,109 — — 2,115,513 
   Construction - speculative1,187,786 61,178 103,450 — — 1,352,414 
   Land - acquisition & development137,998 15,573 — — — 153,571 
      Total commercial loans6,412,415 247,351 384,660 — — 7,044,426 
Consumer loans
   Single-family residential5,270,666 192 23,104 — — 5,293,962 
   Construction - custom295,953 — — — — 295,953 
   Land - consumer lot loans101,151 — 243 — — 101,394 
   HELOC139,646 — 576 — — 140,222 
   Consumer83,304 — 11 — — 83,315 
      Total consumer loans5,890,720 192 23,934 — — 5,914,846 
Total gross loans$12,303,135 $247,543 $408,594 $— $— $12,959,272 
Total grade as a % of total gross loans94.9 %1.9 %3.2 %— %— %
The following tables provide information on amortized cost of loans receivable based on borrower payment activity.
 
September 30, 2021Performing LoansNon-Performing Loans
 Amount% of Total LoansAmount% of Total Loans
 (In thousands)(In thousands)
Commercial loans
   Multi-family$2,273,214 100.0 %$475 — %
   Commercial real estate2,421,294 99.7 8,038 0.3 
   Commercial & industrial2,303,562 100.0 365 — 
   Construction - speculative1,116,722 100.0 505 — 
   Land - acquisition & development190,076 98.8 2,340 1.2 
      Total commercial loans8,304,868 99.9 11,723 0.1 
Consumer loans
   Single-family residential4,917,744 99.6 19,320 0.4 
   Construction - custom347,752 100.0 — — 
   Land - consumer lot loans148,175 99.8 359 0.2 
   HELOC166,653 99.8 287 0.2 
   Consumer87,929 99.9 60 0.1 
      Total consumer loans5,668,253 99.6 20,026 0.4 
Total$13,973,121 99.8 %$31,749 0.2 %

September 30, 2020Performing LoansNon-Performing Loans
 Amount% of Total LoansAmount% of Total Loans
 (In thousands)(In thousands)
Commercial loans
   Multi-family$1,538,240 100.0 %$— — %
   Commercial real estate1,880,917 99.8 3,771 0.2 
   Commercial & industrial2,115,184 100.0 329 — 
   Construction - speculative1,350,745 99.9 1,669 0.1 
   Land - acquisition & development153,571 100.0 — — 
      Total commercial loans7,038,657 99.9 5,769 0.1 
Consumer loans
   Single-family residential5,271,531 99.6 22,431 0.4 
   Construction - custom295,953 100.0 — — 
   Land - consumer lot loans101,151 99.8 243 0.2 
   HELOC139,669 99.6 553 0.4 
   Consumer83,255 99.9 60 0.1 
      Total consumer loans5,891,559 99.6 23,287 0.4 
Total gross loans$12,930,216 99.8 %$29,056 0.2 %