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Loans Receivable (Tables)
 6 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class.

 March 31, 2021September 30, 2020
(In thousands)(In thousands)
Commercial loans
Multi-family$2,008,192 13.2 %$1,538,762 10.6 %
Commercial real estate2,226,560 14.6 1,895,086 13.1 
Commercial & industrial (1)2,471,823 16.2 2,132,160 14.7 
Construction2,495,961 16.3 2,403,276 16.6 
Land - acquisition & development185,024 1.2 193,745 1.3 
Total commercial loans9,387,560 61.5 8,163,029 56.3 
Consumer loans
Single-family residential4,828,535 31.6 5,304,689 36.7 
Construction - custom678,469 4.5 674,879 4.7 
   Land - consumer lot loans123,351 0.8 102,263 0.7 
   HELOC144,528 0.9 139,703 1.0 
   Consumer103,145 0.7 83,159 0.6 
Total consumer loans5,878,028 38.5 6,304,693 43.7 
Total gross loans15,265,588 100 %14,467,722 100 %
   Less:
      Allowance for credit losses on loans172,653 166,955 
      Loans in process1,982,225 1,456,072 
      Net deferred fees, costs and discounts75,287 52,378 
Total loan contra accounts2,230,165 1,675,405 
Net loans$13,035,423 $12,792,317 
(1) Includes $711,405,000 and $762,004,000 of SBA Payroll Protection Program loans as of March 31, 2021 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.
 
 March 31, 2021September 30, 2020
 (In thousands, except ratio data)
Non-accrualNon-accrual with no ACL90 days or more past due and accruingNon-accrualNon-accrual with no ACL90 days or more past due and accruing
Commercial loans
Multi-family$— $— $— $— $— $— 
Commercial real estate9,226 — — 3,771 — — 
Commercial & industrial832 — — 329 — — 
Construction1,423 — — 1,669 — — 
Land - acquisition & development2,340 — — — — — 
   Total commercial loans13,821 — — 5,769 — — 
Consumer loans
Single-family residential25,599 — — 22,431 — 933 
Construction - custom— — — — — — 
Land - consumer lot loans177 — — 243 — — 
HELOC306 — — 553 — — 
Consumer52 — — 60 — 17 
   Total consumer loans26,134 — — 23,287 — 950 
Total non-accrual loans$39,955 $— $— $29,056 $— $950 
% of total loans0.30 %0.22 %
Loan Delinquencies by Loan Portfolio and Class
The following tables provide details regarding loan delinquencies by loan portfolio and class.
 
March 31, 2021Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$1,987,120 $1,986,645 $— $475 $— $475 0.02 %
Commercial real estate2,211,065 2,206,097 37 111 4,820 4,968 0.22 
Commercial & industrial2,452,585 2,450,623 1,175 — 787 1,962 0.08 
Construction925,017 923,864 — — 1,153 1,153 0.12 
Land - acquisition & development150,311 147,971 — — 2,340 2,340 1.56 
   Total commercial loans7,726,098 7,715,200 1,212 586 9,100 10,898 0.14 
Consumer Loans
Single-family residential4,802,575 4,776,367 5,868 960 19,380 26,208 0.55 
Construction - custom308,831 308,831 — — — — — 
Land - consumer lot loans122,211 121,858 93 185 75 353 0.29 
HELOC145,066 144,667 118 — 281 399 0.28 
Consumer103,294 102,979 174 2 139 315 0.30 
   Total consumer loans5,481,977 5,454,702 6,253 1,147 19,875 27,275 0.50 
Total Loans$13,208,075 $13,169,902 $7,465 $1,733 $28,975 $38,173 0.29 %
Delinquency %99.71%0.06%0.01%0.22%0.29%


September 30, 2020Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$1,538,240 $1,538,240 $— $— $— $— — %
Commercial real estate1,884,688 1,884,210 — 195 283 478 0.03 
Commercial & industrial2,115,513 2,114,650 — 583 280 863 0.04 
Construction1,352,414 1,350,752 — — 1,662 1,662 0.12 
Land - acquisition & development153,571 153,571 — — — — — 
  Total commercial loans7,044,426 7,041,423 — 778 2,225 3,003 0.04 
Consumer Loans
Single-family residential5,293,962 5,267,608 3,922 3,108 19,324 26,354 0.50 
Construction - custom295,953 295,953 — — — — — 
Land - consumer lot loans101,394 101,029 152 — 213 365 0.36 
HELOC140,222 139,491 275 76 380 731 0.52 
Consumer83,315 82,959 121 11 224 356 0.43 
  Total consumer loans5,914,846 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 March 31, 2021.
Term Loans Amortized Cost Basis by Origination Year
YTD 20212020201920182017Prior to 2017Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$267,297 $507,301 $248,237 $295,532 $247,043 $344,441 $8,221 $— $1,918,072 
Special Mention— 1,769 — 4,039 2,844 1,934 — — 10,586 
Substandard— — 7,546 651 3,746 46,519 — — 58,462 
Total$267,297 $509,070 $255,783 $300,222 $253,633 $392,894 $8,221 $— $1,987,120 
Commercial real estate
Pass$252,949 $443,877 $282,617 $274,651 $240,058 $440,678 $2,203 $— $1,937,033 
Special Mention— 194 4,432 33,380 1,697 23,144 — — 62,847 
Substandard— 9,012 69,855 22,619 47,503 62,196 — — 211,185 
Total$252,949 $453,083 $356,904 $330,650 $289,258 $526,018 $2,203 $— $2,211,065 
Commercial & industrial
Pass$547,764 $631,137 $57,479 $52,576 $78,044 $159,841 $635,066 $11,944 $2,173,851 
Special Mention— 9,798 6,785 630 18 — 31,636 — 48,867 
Substandard12,363 48,216 4,126 6,443 94 48,126 110,227 272 229,867 
Total$560,127 $689,151 $68,390 $59,649 $78,156 $207,967 $776,929 $12,216 $2,452,585 
Construction
Pass$136,932 $311,836 $270,277 $67,312 $— $— $94,845 $— $881,202 
Substandard— 4,321 2,348 — 37,146 — — — 43,815 
Total$136,932 $316,157 $272,625 $67,312 $37,146 $— $94,845 $— $925,017 
Land - acquisition & development
Pass$22,127 $39,505 $28,645 $18,007 $14,789 $4,011 $5,314 $— $132,398 
Special Mention— — — — — 15,573 — — 15,573 
Substandard— — — — 2,340 — — — 2,340 
Total$22,127 $39,505 $28,645 $18,007 $17,129 $19,584 $5,314 $— $150,311 
Total commercial loans
Pass$1,227,069 $1,933,656 $887,255 $708,078 $579,934 $948,971 $745,649 $11,944 $7,042,556 
Special Mention— 11,761 11,217 38,049 4,559 40,651 31,636 — 137,873 
Substandard12,363 61,549 83,875 29,713 90,829 156,841 110,227 272 545,669 
Total$1,239,432 $2,006,966 $982,347 $775,840 $675,322 $1,146,463 $887,512 $12,216 $7,726,098 
Term Loans Amortized Cost Basis by Origination Year
YTD 20212020201920182017Prior to 2017Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$499,799 $825,204 $512,811 $458,566 $514,115 $1,965,872 $— $— $4,776,367 
30 days past due— — — 115 — 5,753 — — 5,868 
60 days past due— — — — — 960 — — 960 
90+ days past due— — — 466 169 18,745 — — 19,380 
Total$499,799 $825,204 $512,811 $459,147 $514,284 $1,991,330 $— $— $4,802,575 
Construction - custom
Current$50,146 $242,667 $14,955 $1,063 $— $— $— $— $308,831 
Total$50,146 $242,667 $14,955 $1,063 $— $— $— $— $308,831 
Land - consumer lot loans
Current$41,526 $35,849 $13,856 $5,304 $6,565 $18,758 $— $— $121,858 
30 days past due— — — — — 93 — — 93 
60 days past due— — — 185 — — — — 185 
90+ days past due— — — — — 75 — — 75 
Total$41,526 $35,849 $13,856 $5,489 $6,565 $18,926 $— $— $122,211 
HELOC
Current$— $— $— $— $— $5,917 $137,531 $1,219 $144,667 
30 days past due— — — — — 93 25 — 118 
90+ days past due— — — — — 30 251 — 281 
Total$— $— $— $— $— $6,040 $137,807 $1,219 $145,066 
Consumer
Current$10,891 $8,245 $1,011 $45,983 $— $14,000 $22,849 $— $102,979 
30 days past due— — 5 — 75 94 — — 174 
60 days past due— — 2 — — — — — 2 
90+ days past due— — 37 — 96 6 — — 139 
Total$10,891 $8,245 $1,055 $45,983 $171 $14,100 $22,849 $— $103,294 
Total consumer loans
Current$602,362 $1,111,965 $542,633 $510,916 $520,680 $2,004,547 $160,380 $1,219 $5,454,702 
30 days past due— — 5 115 75 6,033 25 — 6,253 
60 days past due— — 2 185 — 960 — — 1,147 
90+ days past due— — 37 466 265 18,856 251 — 19,875 
Total$602,362 $1,111,965 $542,677 $511,682 $521,020 $2,030,396 $160,656 $1,219 $5,481,977 
The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.

March 31, 2021Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$1,918,072 $10,586 $58,462 $— $— $1,987,120 
  Commercial real estate1,937,033 62,847 211,185 — — 2,211,065 
  Commercial & industrial2,173,851 48,867 229,867 — — 2,452,585 
  Construction881,202 — 43,815 — — 925,017 
  Land - acquisition & development132,398 15,573 2,340 — — 150,311 
    Total commercial loans7,042,556 137,873 545,669 — — 7,726,098 
Consumer loans
  Single-family residential4,773,261 189 29,125 — — 4,802,575 
  Construction - custom308,831 — — — — 308,831 
  Land - consumer lot loans122,034 — 177 — — 122,211 
  HELOC143,167 — 1,899 — — 145,066 
  Consumer103,274 — 20 — — 103,294 
    Total consumer loans5,450,567 189 31,221 — — 5,481,977 
Total$12,493,123 $138,062 $576,890 $— $— $13,208,075 
Total grade as a % of total loans94.59 %1.05 %4.37 %— %— %
September 30, 2020Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal 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 estate1,681,230 92,184 111,274 — — 1,884,688 
  Commercial & industrial1,898,709 64,695 152,109 — — 2,115,513 
  Construction1,187,786 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 loans$12,303,135 $247,543 $408,594 $— $— $12,959,272 
Total grade as a % of total gross loans94.94 %1.91 %3.15 %— %— %
The following tables provide information on amortized cost of loans receivable based on borrower payment activity.

March 31, 2021Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$1,987,120 100.0 %$— — %
   Commercial real estate2,201,839 99.6 9,226 0.4 
   Commercial & industrial2,451,753 100.0 832 — 
   Construction923,594 99.8 1,423 0.2 
   Land - acquisition & development147,971 98.4 2,340 1.6 
      Total commercial loans7,712,277 99.8 13,821 0.2 
Consumer loans
   Single-family residential4,776,976 99.5 25,599 0.5 
   Construction - custom308,831 100.0 — — 
   Land - consumer lot loans122,034 99.9 177 0.1 
   HELOC144,760 99.8 306 0.2 
   Consumer103,242 99.9 52 0.1 
      Total consumer loans5,455,843 99.5 26,134 0.5 
Total loans$13,168,120 99.7 %$39,955 0.3 %

September 30, 2020Performing LoansNon-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 estate1,880,917 99.8 3,771 0.2 
   Commercial & industrial2,115,184 100.0 329 — 
   Construction1,350,745 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 loans$12,930,216 99.8 %$29,056 0.2 %