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Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Allowance for Credit Losses by Loan Portfolio Segment and Class

The following tables summarize the activity in the allowance for loan losses by loan portfolio segment and class. 

Three Months Ended December 31, 2020			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	13,853					$	—					$	—					$	510					$	14,363
Commercial real estate			22,516						—						789						191						23,496
Commercial & industrial			38,665						(2)						50						5,604						44,317
Construction			24,156						—						—						2,209						26,365
Land - acquisition & development			10,733						—						35						(102)						10,666
Total commercial loans			109,923						(2)						874						8,412						119,207
Consumer loans
Single-family residential			45,186						—						779						(7,352)						38,613
Construction - custom			3,555						—						—						39						3,594
Land - consumer lot loans			2,729						—						7						222						2,958
HELOC			2,571						—						—						(209)						2,362
Consumer			2,991						(150)						226						388						3,455
Total consumer loans			57,032						(150)						1,012						(6,912)						50,982
Total loans			$	166,955					$	(152)					$	1,886					$	1,500					$	170,189

Three Months Ended December 31, 2019			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	10,404					$	—					$	498					$	(396)					$	10,506
Commercial real estate			13,024						(98)						368						(227)						13,067
Commercial & industrial			32,235						(50)						144						1,347						33,676
Construction			22,768						—						54						(903)						21,919
Land - acquisition & development			10,904						(11)						1,460						(1,940)						10,413
Total commercial loans			89,335						(159)						2,524						(2,119)						89,581
Consumer loans
Single-family residential			47,771						(15)						261						(1,661)						46,356
Construction - custom			2,880						—						—						50						2,930
Land - consumer lot loans			2,635						(70)						10						(8)						2,567
HELOC			2,048						—						93						(107)						2,034
Consumer			4,615						(374)						309						(505)						4,045
Total consumer loans			59,949						(459)						673						(2,231)						57,932
Total loans			$	149,284					$	(618)					$	3,197					$	(4,350)					$	147,513

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 allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447

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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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