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Loans Receivable (Tables)
 3 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class.
 December 31, 2021September 30, 2021
(In thousands)(In thousands)
Commercial loans
Multi-family$2,298,155 13.5 %$2,291,477 14.0 %
Commercial real estate2,681,453 15.8 2,443,845 15.0 
Commercial & industrial (1)2,373,012 13.9 2,314,654 14.2 
Construction2,967,644 17.4 2,888,214 17.7 
Land - acquisition & development225,423 1.3 222,457 1.4 
Total commercial loans10,545,687 61.9 10,160,647 62.3 
Consumer loans
Single-family residential5,295,837 31.1 4,951,627 30.4 
Construction - custom787,862 4.6 783,221 4.8 
   Land - consumer lot loans151,297 0.9 149,956 0.9 
   HELOC166,601 1.0 165,989 1.0 
   Consumer77,681 0.5 87,892 0.5 
Total consumer loans6,479,278 38.1 6,138,685 37.7 
Total gross loans17,024,965 100 %16,299,332 100 %
   Less:
      Allowance for credit losses on loans171,411 171,300 
      Loans in process2,207,880 2,232,836 
      Net deferred fees, costs and discounts53,472 61,626 
Total loan contra accounts2,432,763 2,465,762 
Net loans$14,592,202 $13,833,570 

(1) Includes $202,261,000 and $311,795,000 of Small Business Administration’s Paycheck Protection Program ("PPP") loans as of December 31, 2021 and September 30, 2021, 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, 2021September 30, 2021
 (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$— $— $— $475 $— $— 
Commercial real estate7,565 — — 8,038 — — 
Commercial & industrial15,349 — — 365 30 — 
Construction611 — — 505 — — 
Land - acquisition & development2,340 — — 2,340 — — 
   Total commercial loans25,865 — — 11,723 30 — 
Consumer loans
Single-family residential17,751 — — 19,320 — — 
Construction - custom465 — — — — — 
Land - consumer lot loans544 — — 359 — — 
HELOC276 — — 287 — — 
Consumer58 — — 60 — — 
   Total consumer loans19,094 — — 20,026 — — 
Total non-accrual loans$44,959 $— $— $31,749 $30 $— 
% of total loans0.30 %0.23 %
Loan Delinquencies by Loan Portfolio and Class
The following tables provide details regarding loan delinquencies by loan portfolio and class.
 
December 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$2,278,216 $2,278,216 $— $— $— $— — %
Commercial real estate2,667,170 2,663,441 2,282 — 1,447 3,729 0.14 
Commercial & industrial (1)2,365,487 2,348,085 1,031 1,059 15,312 17,402 0.74 
Construction1,235,119 1,235,119 — — — — — 
Land - acquisition & development202,081 199,741 — — 2,340 2,340 1.16 
   Total commercial loans8,748,073 8,724,602 3,313 1,059 19,099 23,471 0.27 
Consumer Loans
Single-family residential5,286,559 5,266,143 5,099 1,088 14,229 20,416 0.39 
Construction - custom333,583 333,118 — — 465 465 0.14 
Land - consumer lot loans149,845 149,193 52 75 525 652 0.44 
HELOC167,789 167,273 261 — 255 516 0.31 
Consumer77,764 77,530 69 114 51 234 0.30 
   Total consumer loans6,015,540 5,993,257 5,481 1,277 15,525 22,283 0.37 
Total Loans$14,763,613 $14,717,859 $8,794 $2,336 $34,624 $45,754 0.31 %
Delinquency %99.69%0.06%0.02%0.23%0.31%



September 30, 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$2,273,689 $2,273,214 $— $— $475 $475 0.02 %
Commercial real estate2,429,332 2,428,014 971 64 283 1,318 0.05 
Commercial & industrial2,303,927 2,303,605 — — 322 322 0.01 
Construction1,117,227 1,117,186 — — 41 41 — 
Land - acquisition & development192,416 190,076 — — 2,340 2,340 1.22 
  Total commercial loans8,316,591 8,312,095 971 64 3,461 4,496 0.05 
Consumer Loans
Single-family residential4,937,064 4,915,749 3,627 2,165 15,523 21,315 0.43 
Construction - custom347,752 347,752 — — — — — 
Land - consumer lot loans148,534 147,952 5 307 270 582 0.39 
HELOC166,940 166,627 47 — 266 313 0.19 
Consumer87,989 87,727 152 59 51 262 0.30 
  Total consumer loans5,688,279 5,665,807 3,831 2,531 16,110 22,472 0.40 
Total Loans$14,004,870 $13,977,902 $4,802 $2,595 $19,571 $26,968 0.19 %
Delinquency %99.81%0.03%0.02%0.14%0.19%
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, 2021.
Term Loans Amortized Cost Basis by Origination Year
YTD 20222021202020192018Prior to 2018Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$188,312 $774,664 $461,598 $145,568 $197,475 $466,643 $36,205 $— $2,270,465 
Special Mention— — 1,754 — 3,098 — — — 4,852 
Substandard— — — — 650 2,249 — — 2,899 
Total$188,312 $774,664 $463,352 $145,568 $201,223 $468,892 $36,205 $— $2,278,216 
Commercial real estate
Pass$315,441 $644,455 $403,955 $273,743 $257,052 $591,343 $3,075 $— $2,489,064 
Special Mention— — — 5,308 32,941 19,800 — — 58,049 
Substandard— — 8,308 44,362 17,171 49,124 1,092 — 120,057 
Total$315,441 $644,455 $412,263 $323,413 $307,164 $660,267 $4,167 $— $2,667,170 
Commercial & industrial
Pass$96,846 $617,826 $179,111 $46,636 $32,369 $233,105 $954,157 $97 $2,160,147 
Special Mention744 13,881 2,782 5,972 — 6 37,377 — 60,762 
Substandard— 69 46,474 2,356 4,532 14,972 76,175 — 144,578 
Total$97,590 $631,776 $228,367 $54,964 $36,901 $248,083 $1,067,709 $97 $2,365,487 
Construction
Pass$68,058 $494,383 $352,324 $232,534 $374 $16,313 $69,957 $— $1,233,943 
Special Mention— 566 — — — — — — 566 
Substandard— — 610 — — — — — 610 
Total$68,058 $494,949 $352,934 $232,534 $374 $16,313 $69,957 $— $1,235,119 
Land - acquisition & development
Pass$31,257 $80,472 $30,263 $11,800 $13,730 $29,619 $2,600 $— $199,741 
Substandard— — — — — 2,340 — — 2,340 
Total$31,257 $80,472 $30,263 $11,800 $13,730 $31,959 $2,600 $— $202,081 
Total commercial loans
Pass$699,914 $2,611,800 $1,427,251 $710,281 $501,000 $1,337,023 $1,065,994 $97 $8,353,360 
Special Mention744 14,447 4,536 11,280 36,039 19,806 37,377 — 124,229 
Substandard— 69 55,392 46,718 22,353 68,685 77,267 — 270,484 
Total$700,658 $2,626,316 $1,487,179 $768,279 $559,392 $1,425,514 $1,180,638 $97 $8,748,073 
Term Loans Amortized Cost Basis by Origination Year
YTD 20222021202020192018Prior to 2018Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$686,288 $1,222,748 $805,399 $381,245 $320,431 $1,850,032 $— $— $5,266,143 
30 days past due735 — — — — 4,364 — — 5,099 
60 days past due— — — — — 1,088 — — 1,088 
90+ days past due— — — 348 114 13,767 — — 14,229 
Total$687,023 $1,222,748 $805,399 $381,593 $320,545 $1,869,251 $— $— $5,286,559 
Construction - custom
Current$10,516 $251,800 $68,238 $1,928 $636 $— $— $— $333,118 
90+ days past due— — 465 — — — — — 465 
Total$10,516 $251,800 $68,703 $1,928 $636 $— $— $— $333,583 
Land - consumer lot loans
Current$18,436 $77,593 $23,409 $7,629 $4,062 $18,064 $— $— $149,193 
30 days past due— — 52 — — — — — 52 
60 days past due— — — 75 — — — — 75 
90+ days past due— — 142 — — 383 — — 525 
Total$18,436 $77,593 $23,603 $7,704 $4,062 $18,447 $— $— $149,845 
HELOC
Current$— $— $— $— $— $5,378 $161,644 $251 $167,273 
30 days past due— — — — — 214 38 9 261 
90+ days past due— — — — — 30 225 — 255 
Total$— $— $— $— $— $5,622 $161,907 $260 $167,789 
Consumer
Current$100 $10,435 $8,082 $488 $31,853 $9,374 $17,198 $— $77,530 
30 days past due— — — 10 — 55 4 — 69 
60 days past due— — — 4 — 110 — — 114 
90+ days past due— — — 34 — 17 — — 51 
Total$100 $10,435 $8,082 $536 $31,853 $9,556 $17,202 $— $77,764 
Total consumer loans
Current$715,340 $1,562,576 $905,128 $391,290 $356,982 $1,882,848 $178,842 $251 $5,993,257 
30 days past due735 — 52 10 — 4,633 42 9 5,481 
60 days past due— — — 79 — 1,198 — — 1,277 
90+ days past due— — 607 382 114 14,197 225 — 15,525 
Total$716,075 $1,562,576 $905,787 $391,761 $357,096 $1,902,876 $179,109 $260 $6,015,540 
The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.
December 31, 2021Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$2,270,465 $4,852 $2,899 $— $— $2,278,216 
  Commercial real estate2,489,064 58,049 120,057 — — 2,667,170 
  Commercial & industrial2,160,147 60,762 144,578 — — 2,365,487 
  Construction1,233,943 566 610 — — 1,235,119 
  Land - acquisition & development199,741 — 2,340 — — 202,081 
    Total commercial loans8,353,360 124,229 270,484 — — 8,748,073 
Consumer loans
  Single-family residential5,265,363 — 21,196 — — 5,286,559 
  Construction - custom333,118 — 465 — — 333,583 
  Land - consumer lot loans149,225 — 620 — — 149,845 
  HELOC167,513 — 276 — — 167,789 
  Consumer77,752 1 11 — — 77,764 
    Total consumer loans5,992,971 1 22,568 — — 6,015,540 
Total$14,346,331 $124,230 $293,052 $— $— $14,763,613 
Total grade as a % of total loans97.17 %0.84 %1.99 %— %— %
September 30, 2021Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands, except ratio data)
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 
  Construction1,115,791 931 505 — — 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 gross loans96.44 %0.80 %2.76 %— %— %
The following tables provide information on amortized cost of loans receivable based on borrower payment activity.

December 31, 2021Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$2,278,216 100.0 %$— — %
   Commercial real estate2,659,605 99.7 7,565 0.3 
   Commercial & industrial2,350,138 99.4 15,349 0.6 
   Construction1,234,508 100.0 611 0.0 
   Land - acquisition & development199,741 98.8 2,340 1.2 
      Total commercial loans8,722,208 99.7 25,865 0.3 
Consumer loans
   Single-family residential5,268,808 99.7 17,751 0.3 
   Construction - custom333,118 99.9 465 0.1 
   Land - consumer lot loans149,301 99.6 544 0.4 
   HELOC167,513 99.8 276 0.2 
   Consumer77,706 99.9 58 0.1 
      Total consumer loans5,996,446 99.7 19,094 0.3 
Total loans$14,718,654 99.7 %$44,959 0.3 %
September 30, 2021Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
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 — 
   Construction1,116,722 100.0 505 — 
   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 loans$13,973,121 99.8 %$31,749 0.2 %