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Loans Receivable (Tables)

3 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Schedule of Loans Receivable

The following table is a summary of loans receivable by loan portfolio segment and class.

			December 31, 2020									September 30, 2020
			(In thousands)									(In thousands)
Commercial loans
Multi-family			$	1,610,796		10.9		%				$	1,538,762		10.6		%
Commercial real estate			1,954,154			13.2						1,895,086			13.1
Commercial & industrial (1)			2,256,627			15.3						2,132,160			14.7
Construction			2,687,708			18.2						2,403,276			16.6
Land - acquisition & development			193,239			1.3						193,745			1.3
Total commercial loans			8,702,524			58.9						8,163,029			56.3
Consumer loans
Single-family residential			5,063,053			34.2						5,304,689			36.7
Construction - custom			659,364			4.5						674,879			4.7
Land - consumer lot loans			110,841			0.7						102,263			0.7
HELOC			139,752			0.9						139,703			1.0
Consumer			111,292			0.8						83,159			0.6
Total consumer loans			6,084,302			41.1						6,304,693			43.7
Total gross loans			14,786,826			100		%				14,467,722			100		%
Less:
Allowance for credit losses on loans			170,189									166,955
Loans in process			1,679,972									1,456,072
Net deferred fees, costs and discounts			55,655									52,378
Total loan contra accounts			1,905,816									1,675,405
Net loans			$	12,881,010								$	12,792,317

(1) Includes $646,887,000 and $762,004,000 of SBA Payroll Protection Program loans as of December 31, 2020 and September 30, 2020, respectively.

Non-accrual Loans and Loans 90 Days or More Past Due and Accruing

The following table sets forth the amortized cost basis of non accrual loans and loans 90 days or more past due and accruing.

			December 31, 2020																		September 30, 2020
			(In thousands, except ratio data)
			Non-accrual						Non-accrual with no ACL						90 days or more past due and accruing						Non-accrual						Non-accrual with no ACL						90 days or more past due and accruing
Commercial loans
Multi-family			$	—					$	—					$	—					$	—					$	—					$	—
Commercial real estate			31,397						—						—						3,771						—						—
Commercial & industrial			594						—						280						329						—						—
Construction			1,237						—						—						1,669						—						—
Land - acquisition & development			—						—						—						—						—						—
Total commercial loans			33,228						—						280						5,769						—						—
Consumer loans
Single-family residential			24,349						0						3,908						22,431						—						933
Construction - custom			—						0						—						—						—						—
Land - consumer lot loans			443						0						168						243						—						—
HELOC			334						0						—						553						—						—
Consumer			52						0						6						60						—						17
Total consumer loans			25,178						—						4,082						23,287						—						950
Total non-accrual loans			$	58,406					$	—					$	4,362					$	29,056					$	—					$	950
% of total loans			0.45		%																0.22		%

Loan Delinquencies by Loan Portfolio and Class

The following tables provide details regarding loan delinquencies by loan portfolio and class.

December 31, 2020									Days Delinquent Based on $ Amount of Loans																														% based on $
Type of Loan			Loans Receivable (Amortized Cost)						Current						30						60						90						Total Delinquent
			(In thousands, except ratio data)
Commercial Loans
Multi-family			$	1,609,800					$	1,609,325					$	475					$	—					$	—					$	475					0.03		%
Commercial real estate			1,942,854						1,914,254						85						3,958						24,557						28,600						1.47
Commercial & industrial			2,243,465						2,242,422						216						—						827						1,043						0.05
Construction			1,393,107						1,389,404						2,550						—						1,153						3,703						0.27
Land - acquisition & development			152,621						152,369						252						—						—						252						0.17
Total commercial loans			7,341,847						7,307,774						3,578						3,958						26,537						34,073						0.46
Consumer Loans
Single-family residential			5,048,435						5,016,530						7,477						5,872						18,556						31,905						0.63
Construction - custom			299,351						299,351						—						—						—						—						—
Land - consumer lot loans			109,845						109,248						95						168						334						597						0.54
HELOC			140,272						138,933						916						116						307						1,339						0.95
Consumer			111,449						111,201						67						27						154						248						0.22
Total consumer loans			5,709,352						5,675,263						8,555						6,183						19,351						34,089						0.60
Total Loans			$	13,051,199					$	12,983,037					$	12,133					$	10,141					$	45,888					$	68,162					0.52		%
Delinquency %									99.48%						0.09%						0.08%						0.35%						0.52%

September 30, 2020									Days Delinquent Based on $ Amount of Loans																														% based on $
Type of Loan			Loans Receivable (Amortized Cost)						Current						30						60						90						Total Delinquent
			(In thousands, except ratio data)
Commercial Loans
Multi-family			$	1,538,240					$	1,538,240					$	—					$	—					$	—					$	—					—		%
Commercial real estate			1,884,688						1,884,210						—						195						283						478						0.03
Commercial & industrial			2,115,513						2,114,650						—						583						280						863						0.04
Construction			1,352,414						1,350,752						—						—						1,662						1,662						0.12
Land - acquisition & development			153,571						153,571						—						—						—						—						—
Total commercial loans			7,044,426						7,041,423						—						778						2,225						3,003						0.04
Consumer Loans
Single-family residential			5,293,962						5,267,608						3,922						3,108						19,324						26,354						0.50
Construction - custom			295,953						295,953						—						—						—						—						—
Land - consumer lot loans			101,394						101,029						152						—						213						365						0.36
HELOC			140,222						139,491						275						76						380						731						0.52
Consumer			83,315						82,959						121						11						224						356						0.43
Total consumer loans			5,914,846						5,887,040						4,470						3,195						20,141						27,806						0.47
Total Loans			$	12,959,272					$	12,928,463					$	4,470					$	3,973					$	22,366					$	30,809					0.24		%
Delinquency %									99.76%						0.03%						0.03%						0.17%						0.24%

Summary of Loans Based on Credit Quality Indicators

The following tables present by primary credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of December 31, 2020.

			Term Loans Amortized Cost Basis by Origination Year
			YTD 2021			2020			2019			2018			2017			Prior to 2017			Revolving Loans			Revolving to Term Loans			Total Loans
Commercial loans
Multi-family
Pass			$	120,709		$	384,701		$	114,454		$	276,390		$	232,338		$	392,183		$	8,195		$	—		$	1,528,970
Special Mention			—			2,418			2,816			4,054			5,092			4,464			—			—			18,844
Substandard			—			—			7,544			3,974			3,769			46,699			—			—			61,986
Total			$	120,709		$	387,119		$	124,814		$	284,418		$	241,199		$	443,346		$	8,195		$	—		$	1,609,800
Commercial real estate
Pass			$	158,763		$	424,621		$	219,629		$	243,656		$	233,589		$	443,025		$	2,217		$	—		$	1,725,500
Special Mention			—			197			9,496			414			1,725			26,103			—			—			37,935
Substandard			—			9,067			29,699			22,688			47,315			70,650			—			—			179,419
Total			$	158,763		$	433,885		$	258,824		$	266,758		$	282,629		$	539,778		$	2,217		$	—		$	1,942,854
Commercial & industrial
Pass			$	157,872		$	801,134		$	60,562		$	83,496		$	75,301		$	165,692		$	616,063		$	12,097		$	1,972,217
Special Mention			—			8,931			6,937			1,163			4,286			—			5,111			—			26,428
Substandard			12,751			45,891			7,296			6,310			104			49,331			123,137			—			244,820
Doubtful			—			—			—			—			—			—			—			—			—
Total			$	170,623		$	855,956		$	74,795		$	90,969		$	79,691		$	215,023		$	744,311		$	12,097		$	2,243,465
Construction
Pass			$	119,251		$	407,194		$	446,042		$	190,227		$	42,695		$	16		$	77,463		$	—		$	1,282,888
Special Mention			—			—			—			32,992			—			—			—			—			32,992
Substandard			—			3,256			36,940			—			37,031			—			—			—			77,227
Total			$	119,251		$	410,450		$	482,982		$	223,219		$	79,726		$	16		$	77,463		$	—		$	1,393,107
Land - acquisition & development
Pass			$	10,965		$	43,159		$	34,967		$	19,309		$	17,706		$	4,513		$	5,307		$	—		$	135,926
Special Mention			—			—			—			—			—			15,573			—			—			15,573
Substandard			—			—			1,122			—			—			—			—			—			1,122
Total			$	10,965		$	43,159		$	36,089		$	19,309		$	17,706		$	20,086		$	5,307		$	—		$	152,621
Total commercial loans
Pass			$	567,560		$	2,060,809		$	875,654		$	813,078		$	601,629		$	1,005,429		$	709,245		$	12,097		$	6,645,501
Special Mention			—			11,546			19,249			38,623			11,103			46,140			5,111			—			131,772
Substandard			12,751			58,214			82,601			32,972			88,219			166,680			123,137			—			564,574
Doubtful			—			—			—			—			—			—			—			—			—
Total			$	580,311		$	2,130,569		$	977,504		$	884,673		$	700,951		$	1,218,249		$	837,493		$	12,097		$	7,341,847

			Term Loans Amortized Cost Basis by Origination Year
			YTD 2021			2020			2019			2018			2017			Prior to 2017			Revolving Loans			Revolving to Term Loans			Total Loans
Consumer loans
Single-family residential
Current			$	250,276		$	824,978		$	578,704		$	525,644		$	607,513		$	2,229,415		$	—		$	—		$	5,016,530
30 days past due			—			—			356			60			1,523			5,538			—			—			7,477
60 days past due			—			473			—			—			357			5,042			—			—			5,872
90+ days past due			—			—			680			—			439			17,437			—			—			18,556
Total			$	250,276		$	825,451		$	579,740		$	525,704		$	609,832		$	2,257,432		$	—		$	—		$	5,048,435
Construction - custom
Current			$	11,469		$	250,459		$	35,802		$	1,621		$	—		$	—		$	—		$	—		$	299,351
Total			$	11,469		$	250,459		$	35,802		$	1,621		$	—		$	—		$	—		$	—		$	299,351
Land - consumer lot loans
Current			$	20,268		$	38,986		$	16,288		$	5,991		$	6,994		$	20,721		$	—		$	—		$	109,248
30 days past due			—			—			72			—			—			23			—			—			95
60 days past due			—			—			—			—			—			168			—			—			168
90+ days past due			—			—			—			152			122			60			—			—			334
Total			$	20,268		$	38,986		$	16,360		$	6,143		$	7,116		$	20,972		$	—		$	—		$	109,845
HELOC
Current			$	—		$	—		$	—		$	—		$	—		$	6,750		$	131,482		$	701		$	138,933
30 days past due			—			—			—			—			—			167			749			—			916
60 days past due			—			—			—			—			—			5			111			—			116
90+ days past due			—			—			—			—			—			30			277			—			307
Total			$	—		$	—		$	—		$	—		$	—		$	6,952		$	132,619		$	701		$	140,272
Consumer
Current			$	11,231		$	8,421		$	1,237		$	51,616		$	180		$	16,175		$	22,341		$	—		$	111,201
30 days past due			—			—			9			—			47			11			—			—			67
60 days past due			—			—			6			—			14			7			—			—			27
90+ days past due			—			—			36			—			112			6			—			—			154
Total			$	11,231		$	8,421		$	1,288		$	51,616		$	353		$	16,199		$	22,341		$	—		$	111,449
Total consumer loans
Current			$	293,244		$	1,122,844		$	632,031		$	584,872		$	614,687		$	2,273,061		$	153,823		$	701		$	5,675,263
30 days past due			—			—			437			60			1,570			5,739			749			—			8,555
60 days past due			—			473			6			—			371			5,222			111			—			6,183
90+ days past due			—			—			716			152			673			17,533			277			—			19,351
Total			$	293,244		$	1,123,317		$	633,190		$	585,084		$	617,301		$	2,301,555		$	154,960		$	701		$	5,709,352

The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.

December 31, 2020			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total
			(In thousands, except ratio data)
Loan type
Commercial loans
Multi-family			$	1,528,970					$	18,844					$	61,986					$	—					$	—					$	1,609,800
Commercial real estate			1,725,500						37,935						179,419						—						—						1,942,854
Commercial & industrial			1,972,217						26,428						244,820						—						—						2,243,465
Construction			1,282,888						32,992						77,227						—						—						1,393,107
Land - acquisition & development			135,926						15,573						1,122						—						—						152,621
Total commercial loans			6,645,501						131,772						564,574						—						—						7,341,847
Consumer loans
Single-family residential			5,018,759						191						29,485						—						—						5,048,435
Construction - custom			299,351						—						—						—						—						299,351
Land - consumer lot loans			109,234						—						611						—						—						109,845
HELOC			139,215						—						1,057						—						—						140,272
Consumer			111,442						—						7						—						—						111,449
Total consumer loans			5,678,001						191						31,160						—						—						5,709,352
Total			$	12,323,502					$	131,963					$	595,734					$	—					$	—					$	13,051,199
Total grade as a % of total loans			94.42		%				1.01		%				4.56		%				—		%				—		%

September 30, 2020			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total Gross Loans
			(In thousands, except ratio data)
Loan type
Commercial loans
Multi-family			$	1,506,692					$	13,721					$	17,827					$	—					$	—					$	1,538,240
Commercial real estate			1,681,230						92,184						111,274						—						—						1,884,688
Commercial & industrial			1,898,709						64,695						152,109						—						—						2,115,513
Construction			1,187,786						61,178						103,450						—						—						1,352,414
Land - acquisition & development			137,998						15,573						—						—						—						153,571
Total commercial loans			6,412,415						247,351						384,660						—						—						7,044,426
Consumer loans
Single-family residential			5,270,666						192						23,104						—						—						5,293,962
Construction - custom			295,953						—						—						—						—						295,953
Land - consumer lot loans			101,151						—						243						—						—						101,394
HELOC			139,646						—						576						—						—						140,222
Consumer			83,304						—						11						—						—						83,315
Total consumer loans			5,890,720						192						23,934						—						—						5,914,846
Total loans			$	12,303,135					$	247,543					$	408,594					$	—					$	—					$	12,959,272
Total grade as a % of total gross loans			94.94		%				1.91		%				3.15		%				—		%				—		%

The following tables provide information on amortized cost of loans receivable based on borrower payment activity.

December 31, 2020			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands, except ratio data)
Commercial loans
Multi-family			$	1,609,800					100.0		%				$	—					—		%
Commercial real estate			1,911,457						98.4						31,397						1.6
Commercial & industrial			2,242,871						100.0						594						—
Construction			1,391,870						99.9						1,237						0.1
Land - acquisition & development			152,621						100.0						—						—
Total commercial loans			7,308,619						99.5						33,228						0.5
Consumer loans
Single-family residential			5,024,086						99.5						24,349						0.5
Construction - custom			299,351						100.0						—						—
Land - consumer lot loans			109,402						99.6						443						0.4
HELOC			139,938						99.8						334						0.2
Consumer			111,397						100.0						52						0.0
Total consumer loans			5,684,174						99.6						25,178						0.4
Total loans			$	12,992,793					99.6		%				$	58,406					0.4		%

September 30, 2020			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands, except ratio data)
Commercial loans
Multi-family			$	1,538,240					100.0		%				$	—					—		%
Commercial real estate			1,880,917						99.8						3,771						0.2
Commercial & industrial			2,115,184						100.0						329						—
Construction			1,350,745						99.9						1,669						0.1
Land - acquisition & development			153,571						100.0						—						—
Total commercial loans			7,038,657						99.9						5,769						0.1
Consumer loans
Single-family residential			5,271,531						99.6						22,431						0.4
Construction - custom			295,953						100.0						—						—
Land - consumer lot loans			101,151						99.8						243						0.2
HELOC			139,669						99.6						553						0.4
Consumer			83,255						99.9						60						0.1
Total consumer loans			5,891,559						99.6						23,287						0.4
Total loans			$	12,930,216					99.8		%				$	29,056					0.2		%

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524

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Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447

Reference 2: 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=121611835&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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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.

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Tabular disclosure of financing receivable on nonaccrual status.

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