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Allowance for Loan Losses (Tables)

12 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Summary of activity in allowance for loan losses

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

Twelve Months Ended September 30, 2022			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	16,949					$	—					$	—					$	(4,936)					$	12,013
Commercial real estate			23,437						(529)						984						1,922						25,814
Commercial & industrial			45,957						(1,202)						73						12,382						57,210
Construction - speculative			25,585						—						2,179						(1,603)						26,161
Land - acquisition & development			13,447						(11)						70						(1,228)						12,278
Total commercial loans			125,375						(1,742)						3,306						6,537						133,476
Consumer loans
Single-family residential			30,978						—						1,002						(6,462)						25,518
Construction - custom			4,907						—						—						(1,497)						3,410
Land - consumer lot loans			4,939						(27)						48						87						5,047
HELOC			2,390						—						351						(259)						2,482
Consumer			2,711						(370)						940						(406)						2,875
Total consumer loans			45,925						(397)						2,341						(8,537)						39,332
			$	171,300					$	(2,139)					$	5,647					$	(2,000)					$	172,808

Twelve Months Ended September 30, 2021			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	13,853					$	—					$	—					$	3,096					$	16,949
Commercial real estate			22,516						—						2,789						(1,868)						$	23,437
Commercial & industrial			38,665						(31)						92						7,231						$	45,957
Construction - speculative			24,156						—						—						1,429						$	25,585
Land - acquisition & development			10,733						(2)						622						2,094						$	13,447
Total commercial loans			109,923						(33)						3,503						11,982						125,375
Consumer loans
Single-family residential			45,186						(106)						2,026						(16,128)						30,978
Construction - custom			3,555						—						—						1,352						4,907
Land - consumer lot loans			2,729						—						168						2,042						4,939
HELOC			2,571						—						52						(233)						2,390
Consumer			2,991						(286)						1,021						(1,015)						2,711
Total consumer loans			57,032						(392)						3,267						(13,982)						45,925
			$	166,955					$	(425)					$	6,770					$	(2,000)					$	171,300

Summary of loans based on credit quality indicators

The following tables present by credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of September 30, 2022 and September 30, 2021.

September 30, 2022			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2022			2021			2020			2019			2018			Prior to 2018			Revolving Loans			Revolving to Term Loans			Total Loans
Commercial loans
Multi-family
Pass			$	657,144		$	778,936		$	500,917		$	168,568		$	157,144		$	315,858		$	34,102		$	—		$	2,612,669
Substandard			3,951			—			1,729			—			6,560			1,570			—			—			13,810
Total			$	661,095		$	778,936		$	502,646		$	168,568		$	163,704		$	317,428		$	34,102		$	—		$	2,626,479
Commercial real estate
Pass			$	820,490		$	679,321		$	492,826		$	301,033		$	218,171		$	541,008		$	1,391		$	—		$	3,054,240
Special Mention			—			1,594			—			—			—			—			—			—			1,594
Substandard			259			—			6,074			30,579			4,857			10,923			2,586			—			55,278
Total			$	820,749		$	680,915		$	498,900		$	331,612		$	223,028		$	551,931		$	3,977		$	—		$	3,111,112
Commercial & industrial
Pass			$	254,668		$	435,630		$	145,799		$	39,102		$	25,709		$	197,909		$	1,097,696		$	255		$	2,196,768
Special Mention			2,503			—			—			—			—			—			29,153			—			31,656
Substandard			2,021			12,639			9,803			5,029			1,213			25,519			58,755			—			114,979
Total			$	259,192		$	448,269		$	155,602		$	44,131		$	26,922		$	223,428		$	1,185,604		$	255		$	2,343,403
Construction
Pass			$	510,764		$	671,611		$	142,816		$	27,260		$	375		$	—		$	68,808		$	—		$	1,421,634
Substandard			—			2,257			—			—			—			—			—			—			2,257
Total			$	510,764		$	673,868		$	142,816		$	27,260		$	375		$	—		$	68,808		$	—		$	1,423,891
Land - acquisition & development
Pass			$	100,022		$	64,539		$	16,934		$	3,391		$	8,175		$	27,955		$	2,600		$	—		$	223,616
Total			$	100,022		$	64,539		$	16,934		$	3,391		$	8,175		$	27,955		$	2,600		$	—		$	223,616
Total commercial loans
Pass			$	2,343,088		$	2,630,037		$	1,299,292		$	539,354		$	409,574		$	1,082,730		$	1,204,597		$	255		$	9,508,927
Special Mention			2,503			1,594			—			—			—			—			29,153			—			33,250
Substandard			6,231			14,896			17,606			35,608			12,630			38,012			61,341			—			186,324
Total			$	2,351,822		$	2,646,527		$	1,316,898		$	574,962		$	422,204		$	1,120,742		$	1,295,091		$	255		$	9,728,501

September 30, 2022			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2022			2021			2020			2019			2018			Prior to 2018			Revolving Loans			Revolving to Term Loans			Total Loans
Consumer loans
Single-family residential
Current			$	1,131,152		$	1,652,242		$	771,769		$	320,546		$	276,093		$	1,557,194		$	—		$	—		$	5,708,996
30 days past due			—			—			400			604			—			1,792			—			—			2,796
60 days past due			—			—			—			—			—			1,316			—			—			1,316
90+ days past due			—			—			—			477			—			13,394			—			—			13,871
Total			$	1,131,152		$	1,652,242		$	772,169		$	321,627		$	276,093		$	1,573,696		$	—		$	—		$	5,726,979
Construction - custom
Current			$	235,030		$	150,434		$	9,811		$	1,155		$	478		$	—		$	—		$	—		$	396,908
90+ days past due			—			435			—			—			—			—			—			—			435
Total			$	235,030		$	150,869		$	9,811		$	1,155		$	478		$	—		$	—		$	—		$	397,343
Land - consumer lot loans
Current			$	53,396		$	60,454		$	15,876		$	5,399		$	3,433		$	13,188		$	—		$	—		$	151,746
60 days past due			—			—			139			—			—			—			—			—			139
90+ days past due			—			—			—			—			—			60			—			—			60
Total			$	53,396		$	60,454		$	16,015		$	5,399		$	3,433		$	13,248		$	—		$	—		$	151,945
HELOC
Current			$	—		$	—		$	—		$	—		$	—		$	4,349		$	200,267		$	989		$	205,605
30 days past due			—			—			—			—			—			95			60			—			155
60 days past due			—			—			—			—			—			29			17			—			46
90+ days past due			—			—			—			—			—			—			227			—			227
Total			$	—		$	—		$	—		$	—		$	—		$	4,473		$	200,571		$	989		$	206,033
Consumer
Current			$	1,386		$	10,156		$	8,038		$	215		$	23,919		$	6,449		$	25,194		$	—		$	75,357
30 days past due			—			—			—			2			—			153			7			—			162
60 days past due			—			—			—			—			—			17			—			—			17
90+ days past due			1			—			—			32			—			2			—			—			35
Total			$	1,387		$	10,156		$	8,038		$	249		$	23,919		$	6,621		$	25,201		$	—		$	75,571
Total consumer loans
Current			$	1,420,964		$	1,873,286		$	805,494		$	327,315		$	303,923		$	1,581,180		$	225,461		$	989		$	6,538,612
30 days past due			—			—			400			606			—			2,040			67			—			3,113
60 days past due			—			—			139			—			—			1,362			17			—			1,518
90+ days past due			1			435			—			509			—			13,456			227			—			14,628
Total			$	1,420,965		$	1,873,721		$	806,033		$	328,430		$	303,923		$	1,598,038		$	225,772		$	989		$	6,557,871

September 30, 2021			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2021			2020			2019			2018			2017			Prior to 2017			Revolving Loans			Revolving to Term Loans			Total Loans
Commercial loans
Multi-family
Pass			$	796,231		$	479,038		$	220,483		$	205,661		$	217,203		$	287,595		$	46,184		$	—		$	2,252,395
Special Mention			—			1,763			—			3,111			—			—			—			—			4,874
Substandard			—			—			7,548			651			3,703			4,518			—			—			16,420
Total			$	796,231		$	480,801		$	228,031		$	209,423		$	220,906		$	292,113		$	46,184		$	—		$	2,273,689
Commercial real estate
Pass			$	650,457		$	434,117		$	270,174		$	260,344		$	216,564		$	339,374		$	3,109		$	247		$	2,174,386
Special Mention			—			—			4,419			32,931			—			20,275			—			—			57,625
Substandard			—			8,362			71,972			17,290			46,800			51,800			1,097			—			197,321
Total			$	650,457		$	442,479		$	346,565		$	310,565		$	263,364		$	411,449		$	4,206		$	247		$	2,429,332
Commercial & industrial
Pass			$	687,597		$	224,225		$	50,054		$	38,595		$	75,674		$	155,171		$	864,669		$	12,167		$	2,108,152
Special Mention			5,947			3,287			6,302			—			—			—			32,588			—			48,124
Substandard			71			46,695			2,690			4,589			37			17,093			76,217			259			147,651
Total			$	693,615		$	274,207		$	59,046		$	43,184		$	75,711		$	172,264		$	973,474		$	12,426		$	2,303,927
Construction
Pass			$	402,578		$	362,799		$	214,189		$	44,257		$	15,656		$	—		$	76,312		$	—		$	1,115,791
Special Mention			931			—			—			—			—			—			—			—			931
Substandard			—			464			—			—			41			—			—			—			505
Total			$	403,509		$	363,263		$	214,189		$	44,257		$	15,697		$	—		$	76,312		$	—		$	1,117,227
Land - acquisition & development
Pass			$	89,770		$	37,773		$	14,070		$	15,835		$	13,635		$	16,393		$	2,600		$	—		$	190,076
Substandard			—			—			—			—			2,340			—			—			—			2,340
Total			$	89,770		$	37,773		$	14,070		$	15,835		$	15,975		$	16,393		$	2,600		$	—		$	192,416
Total commercial loans
Pass			$	2,626,633		$	1,537,952		$	768,970		$	564,692		$	538,732		$	798,533		$	992,874		$	12,414		$	7,840,800
Special Mention			6,878			5,050			10,721			36,042			—			20,275			32,588			—			111,554
Substandard			71			55,521			82,210			22,530			52,921			73,411			77,314			259			364,237
Total			$	2,633,582		$	1,598,523		$	861,901		$	623,264		$	591,653		$	892,219		$	1,102,776		$	12,673		$	8,316,591

September 30, 2021			Term Loans Amortized Cost Basis by Origination Year
(In thousands)			2021			2020			2019			2018			2017			Prior to 2017			Revolving Loans			Revolving to Term Loans			Total Loans
Consumer loans
Single-family residential
Current			$	1,309,354		$	824,827		$	413,564		$	352,070		$	395,569		$	1,620,365		$	—		$	—		$	4,915,749
30 days past due			3			—			349			59			391			2,825			—			—			3,627
60 days past due			—			—			—			—			—			2,165			—			—			2,165
90+ days past due			—			—			—			115			169			15,239			—			—			15,523
Total			$	1,309,357		$	824,827		$	413,913		$	352,244		$	396,129		$	1,640,594		$	—		$	—		$	4,937,064
Construction - custom
Current			$	204,614		$	139,175		$	2,854		$	1,109		$	—		$	—		$	—		$	—		$	347,752
Total			$	204,614		$	139,175		$	2,854		$	1,109		$	—		$	—		$	—		$	—		$	347,752
Land - consumer lot loans
Current			$	85,342		$	28,415		$	9,012		$	4,454		$	5,404		$	15,325		$	—		$	—		$	147,952
30 days past due			—			—			—			—			—			5			—			—			5
60 days past due			—			142			—			—			—			165			—			—			307
90+ days past due			—			—			—			—			116			154			—			—			270
Total			$	85,342		$	28,557		$	9,012		$	4,454		$	5,520		$	15,649		$	—		$	—		$	148,534
HELOC
Current			$	—		$	—		$	—		$	—		$	—		$	4,764		$	160,183		$	1,680		$	166,627
30 days past due			—			—			—			—			—			31			16			—			47
90+ days past due			—			—			—			—			—			30			236			—			266
Total			$	—		$	—		$	—		$	—		$	—		$	4,825		$	160,435		$	1,680		$	166,940
Consumer
Current			$	12,091		$	8,091		$	606		$	35,228		$	36		$	10,700		$	20,975		$	—		$	87,727
30 days past due			—			—			13			—			54			82			3			—			152
60 days past due			—			—			4			—			—			55			—			—			59
90+ days past due			—			—			35			—			—			16			—			—			51
Total			$	12,091		$	8,091		$	658		$	35,228		$	90		$	10,853		$	20,978		$	—		$	87,989
Total consumer loans
Current			$	1,611,401		$	1,000,508		$	426,036		$	392,861		$	401,009		$	1,651,154		$	181,158		$	1,680		$	5,665,807
30 days past due			3			—			362			59			445			2,943			19			—			3,831
60 days past due			—			142			4			—			—			2,385			—			—			2,531
90+ days past due			—			—			35			115			285			15,439			236			—			16,110
Total			$	1,611,404		$	1,000,650		$	426,437		$	393,035		$	401,739		$	1,671,921		$	181,413		$	1,680		$	5,688,279

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

 

September 30, 2022			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total
			(In thousands)
Loan type
Commercial loans
Multi-family			$	2,612,669					$	—					$	13,810					$	—					$	—					$	2,626,479
Commercial real estate			3,054,241						1,594						55,277						—						—						3,111,112
Commercial & industrial			2,196,767						31,656						114,980						—						—						2,343,403
Construction - speculative			1,421,634						—						2,257						—						—						1,423,891
Land - acquisition & development			223,616						—						—						—						—						223,616
Total commercial loans			9,508,927						33,250						186,324						—						—						9,728,501
Consumer loans
Single-family residential			5,706,199						—						20,780						—						—						5,726,979
Construction - custom			396,908						—						435						—						—						397,343
Land - consumer lot loans			151,723						—						222						—						—						151,945
HELOC			205,800						—						233						—						—						206,033
Consumer			75,570						—						1						—						—						75,571
Total consumer loans			6,536,200						—						21,671						—						—						6,557,871
Total loans			$	16,045,127					$	33,250					$	207,995					$	—					$	—					$	16,286,372
Total grade as a % of total loans			98.5		%				0.2		%				1.3		%				—		%				—		%

September 30, 2021			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total Gross Loans
			(In thousands)
Loan type
Commercial loans
Multi-family			$	2,252,395					$	4,874					$	16,420					$	—					$	—					$	2,273,689
Commercial real estate			2,174,386						57,625						197,321						—						—						2,429,332
Commercial & industrial			2,108,152						48,124						147,651						—						—						2,303,927
Construction - speculative			1,115,791						931						505						—						—						1,117,227
Land - acquisition & development			190,076						—						2,340						—						—						192,416
Total commercial loans			7,840,800						111,554						364,237						—						—						8,316,591
Consumer loans
Single-family residential			4,915,106						—						21,958						—						—						4,937,064
Construction - custom			347,752						—						—						—						—						347,752
Land - consumer lot loans			148,010						—						524						—						—						148,534
HELOC			166,652						—						288						—						—						166,940
Consumer			87,962						—						27						—						—						87,989
Total consumer loans			5,665,482						—						22,797						—						—						5,688,279
Total gross loans			$	13,506,282					$	111,554					$	387,034					$	—					$	—					$	14,004,870
Total grade as a % of total gross loans			96.4		%				0.8		%				2.8		%				—		%				—		%

Schedule of gross loans by payment activity

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

 

September 30, 2022			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands)												(In thousands)
Commercial loans
Multi-family			$	2,620,567					99.8		%				$	5,912					0.2		%
Commercial real estate			3,106,421						99.8						4,691						0.2
Commercial & industrial			2,337,710						99.8						5,693						0.2
Construction - speculative			1,423,891						100.0						—						—
Land - acquisition & development			223,616						100.0						—						—
Total commercial loans			9,712,205						99.8						16,296						0.2
Consumer loans
Single-family residential			5,709,529						99.7						17,450						0.3
Construction - custom			396,908						99.9						435						0.1
Land - consumer lot loans			151,861						99.9						84						0.1
HELOC			205,800						99.9						233						0.1
Consumer			75,535						100.0						36						—
Total consumer loans			6,539,633						99.7						18,238						0.3
Total			$	16,251,838					99.8		%				$	34,534					0.2		%

September 30, 2021			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands)												(In thousands)
Commercial loans
Multi-family			$	2,273,214					100.0		%				$	475					—		%
Commercial real estate			2,421,294						99.7						8,038						0.3
Commercial & industrial			2,303,562						100.0						365						—
Construction - speculative			1,116,722						100.0						505						—
Land - acquisition & development			190,076						98.8						2,340						1.2
Total commercial loans			8,304,868						99.9						11,723						0.1
Consumer loans
Single-family residential			4,917,744						99.6						19,320						0.4
Construction - custom			347,752						100.0						—						—
Land - consumer lot loans			148,175						99.8						359						0.2
HELOC			166,653						99.8						287						0.2
Consumer			87,929						99.9						60						0.1
Total consumer loans			5,668,253						99.6						20,026						0.4
Total gross loans			$	13,973,121					99.8		%				$	31,749					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
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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- 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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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No definition available.

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- Definition

Schedule of Credit Risk Profile by Payment Activity [Table Text Block]

+ References

No definition available.

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