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Loans Receivable (Tables)
 12 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class.
 September 30, 2024September 30, 2023
 ($ in thousands)($ in thousands)
Gross loans by category
Commercial loans
   Multi-family$4,658,119 20.8 %$2,907,086 14.8 %
   Commercial real estate3,757,040 16.8 3,344,959 17.0 
   Commercial & industrial
2,337,139 10.4 2,321,717 11.8 
   Construction2,174,254 9.7 3,318,994 16.9 
   Land - acquisition & development200,713 1.0 201,538 1.0 
 Total commercial loans13,127,265 58.7 12,094,294 61.6 
Consumer loans
 Single-family residential8,399,030 37.6 6,451,270 32.8 
 Construction - custom384,161 1.7 672,643 3.4 
 Land - consumer lot loans108,791 0.5 125,723 0.6 
   HELOC266,151 1.2 234,410 1.2 
   Consumer73,998 0.3 70,164 0.4 
 Total consumer loans9,232,131 41.3 7,554,210 38.4 
Total gross loans22,359,396 100 %19,648,504 100 %
   Less:
      Allowance for loan losses203,753 177,207 
      Loans in process1,009,798 1,895,940 
      Net deferred fees, costs and discounts229,491 98,807 
Total loan contra accounts1,443,042 2,171,954 
Net loans$20,916,354 $17,476,550 
Schedule of Fixed and Adjustable Rate Loans
The following summary breaks down the Company's fixed rate and adjustable rate loans by time to maturity or to rate adjustment. The table below does not account for fixed rate loans that are swapped to floating using derivatives. See Note G for details regarding fair value hedges of individual fixed rate commercial loans and also hedges of a specified portion of pools of prepayable fixed rate mortgage loans under the "last of layer" method.
September 30, 2024
Fixed-RateAdjustable-Rate
Term To MaturityLoans% of LoansTerm To Rate AdjustmentLoans% of Loans
 (In thousands) (In thousands)
Within 1 year$179,267 0.8 %Less than 1 year$6,218,630 29.4 %
1 to 3 years1,215,170 5.8 1 to 3 years2,101,732 10.0 
3 to 5 years764,056 3.6 3 to 5 years1,148,969 5.4 
5 to 10 years2,582,522 12.2 5 to 10 years306,485 1.5 
10 to 20 years503,677 2.4 10 to 20 years311 — 
Over 20 years6,096,168 28.9 Over 20 years3,120 — 
$11,340,860 53.7 %$9,779,247 46.3 %
Schedule of Non Accrual Loans Held by the Company
The following table sets forth the amortized cost basis of loans receivable for non-accrual loans and loans 90 days or more past due and still accruing.
 September 30, 2024September 30, 2023
 (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$18,743 $— $— $5,127 $— $— 
Commercial real estate26,362 — — 23,435 — — 
Commercial & industrial— — 1,083 6,082 — — 
Construction1,120 — — — — — 
Land - acquisition & development74 — — — — — 
   Total commercial loans46,299 — 1,083 34,644 — — 
Consumer loans
Single-family residential21,488 — — 14,918 — — 
Construction - custom848 — — 88 — — 
Land - consumer lot loans— — — 9 — — 
HELOC596 — — 736 — — 
Consumer310 — — 27 — — 
   Total consumer loans23,242 — — 15,778 — — 
Total loans$69,541 $— $1,083 $50,422 $— $— 
% of total loans0.33 %0.29 %
Schedule of Loans in Past Due Status
The following tables break down loan delinquencies by loan portfolio segment and class.
September 30, 2024Days Delinquent Based on $ Amount of Loans% based
on $
Loan typeLoans Receivable (Amortized Cost)Current306090Total Past Due
($ in thousands)
Commercial loans
   Multi-Family$4,556,200 $4,541,527 $— $4,890 $9,783 $14,673 0.32 %
   Commercial Real Estate3,732,155 3,731,494 89 — 572 661 0.02 
   Commercial & Industrial2,332,732 2,330,686 — 1,023 1,023 2,046 0.09 
   Construction1,424,016 1,421,966 930 — 1,120 2,050 0.14 
   Land - Acquisition & Development160,317 160,243 — — 74 74 0.05 
Total commercial loans12,205,420 12,185,916 1,019 5,913 12,572 19,504 0.16 
Consumer loans
   Single-Family Residential8,280,300 8,250,589 3,927 7,540 18,244 29,711 0.36 
   Construction - Custom182,415 181,567 — — 848 848 0.46 
   Land - Consumer Lot Loans108,060 108,060 — — — — — 
   HELOC269,857 267,347 1,387 577 546 2,510 0.93 
   Consumer74,055 73,290 311 144 310 765 1.03 
Total consumer loans8,914,687 8,880,853 5,625 8,261 19,948 33,834 0.38 
Total Loans$21,120,107 $21,066,769 $6,644 $14,174 $32,520 $53,338 0.25 %
Delinquency %99.75 %0.03 %0.07 %0.15 %0.25 %
September 30, 2023Days Delinquent Based on $ Amount of Loans% based
on $
Loan typeLoans Receivable (Amortized Cost)Current306090Total Past Due
($ in thousands)
Commercial loans
   Multi-Family$2,886,594 $2,886,462 $— $— $132 $132 — %
   Commercial Real Estate3,310,101 3,285,673 848 145 23,435 24,428 0.74 
   Commercial & Industrial2,315,318 2,307,020 30 2,186 6,082 8,298 0.36 
   Construction1,838,936 1,838,936 — — — — — 
   Land - Acquisition & Development156,661 156,661 — — — — — 
Total commercial loans10,507,610 10,474,752 878 2,331 29,649 32,858 0.31 
Consumer loans
   Single-Family Residential6,388,990 6,365,065 6,441 6,068 11,416 23,925 0.37 
   Construction - Custom324,451 320,987 760 2,617 87 3,464 1.07 
   Land - Consumer Lot Loans124,842 124,231 358 245 8 611 0.49 
   HELOC237,754 235,708 1,050 314 682 2,046 0.86 
   Consumer70,110 69,699 228 107 76 411 0.59 
Total consumer loans7,146,147 7,115,690 8,837 9,351 12,269 30,457 0.43 
Total Loans$17,653,757 $17,590,442 $9,715 $11,682 $41,918 $63,315 0.36 %
Delinquency %99.64 %0.06 %0.07 %0.24 %0.36 %
The following table presents the amortized basis of collateral-dependent loans by loan class and collateral type as of September 30, 2024.
Loan typeResidential Real EstateCommercial Real Estate
($ in thousands)
Commercial loans
Multi-Family$— $18,641 
Commercial Real Estate— 32,790 
Commercial & Industrial— — 
Construction1,120 — 
Land - Acquisition & Development74 — 
Total commercial loans1,194 51,431 
Consumer loans
Single-Family Residential5,678 — 
Construction - Custom88 — 
Land - Consumer Lot Loans— — 
HELOC197 — 
Consumer— — 
Total consumer loans5,963 — 
Total Loans$7,157 $51,431 
Schedule of loan modifications
The following table presents the amortized basis of loans that were modified to borrowers experiencing financial difficulty during the period by loan class and modification type. All such modifications during the year were term extensions.

Twelve Months Ended September 30, 2024
Term Extension
% of Total Loan Class Balance
Wtd. Avg.
Term Extension
Commercial loans
( in thousands)
(in months)
Commercial real estate
$23,449 0.63 %36
Commercial & industrial
61,074 2.62 4
Construction
19,087 1.34 12
Total commercial loans
103,610 0.85 
 
Consumer loans
Single-family residential
882 0.01 6
Total consumer loans
882 0.01 
Total Loans
$104,492 0.49 %13
The following table presents the performance of such loans that have been modified for the twelve months ended September 30, 2024.
September 30, 2024Days Delinquent
Loan typeCurrent306090Total
Commercial loans
Commercial real estate
$23,449 $— $— $— $23,449 
Commercial & industrial
58,999 — 992 1,083 61,074 
Construction
19,087 — — — 19,087 
Total commercial loans
101,535 — 992 1,083 103,610 
Consumer loans
Single-family residential
882 — — — 882 
Total consumer loans
882 — — — 882 
Total Loans
$102,417 $— $992 $1,083 $104,492 
Schedule 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, 2024 and September 30, 2023.

September 30, 2024Term Loans Amortized Cost Basis by Origination Year
(In thousands)20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$62,038 $198,790 $1,645,460 $1,203,005 $577,037 $716,573 $56,627 $16,753 $4,476,283 
Special Mention— — 1,698 2,655 2,572 5,452 — — 12,377 
Substandard— — 13,566 5,850 7,059 41,065 — — 67,540 
Total$62,038 $198,790 $1,660,724 $1,211,510 $586,668 $763,090 $56,627 $16,753 $4,556,200 
Commercial real estate
Pass$216,520 $252,923 $1,086,200 $723,600 $475,313 $797,877 $35,249 $— $3,587,682 
Special Mention— — — 22,216 8,682 9,399 — — 40,297 
Substandard— — 8,686 2,260 25,319 67,911 — — 104,176 
Total$216,520 $252,923 $1,094,886 $748,076 $509,314 $875,187 $35,249 $— $3,732,155 
Gross Charge-offs— — — — — 203 — — 203 
Commercial & industrial
Pass$42,232 $148,059 $231,215 $282,148 $89,219 $156,666 $1,116,283 $41,957 $2,107,779 
Special Mention— — — — — — 21,264 — 21,264 
Substandard2,142 19,818 35,717 2,284 13,227 44,870 85,627 4 203,689 
Total$44,374 $167,877 $266,932 $284,432 $102,446 $201,536 $1,223,174 $41,961 $2,332,732 
Gross Charge-offs175 42 10 15 — 7 2,331 31 2,611 
Construction
Pass$146,154 $421,334 $532,310 $233,200 $— $— $59,334 $— $1,392,332 
Special Mention— — — 3,221 — — — — 3,221 
Substandard82 8,622 6,060 13,699 — — — — 28,463 
Total$146,236 $429,956 $538,370 $250,120 $— $— $59,334 $— $1,424,016 
Land - acquisition & development
Pass$23,475 $12,976 $56,292 $46,635 $2,774 $17,768 $— $— $159,920 
Substandard— — — — 74 323 — — 397 
Total$23,475 $12,976 $56,292 $46,635 $2,848 $18,091 $— $— $160,317 
Gross Charge-offs— — — — — 149 — — 149 
Total commercial loans
Pass$490,419 $1,034,082 $3,551,477 $2,488,588 $1,144,343 $1,688,884 $1,267,493 $58,710 $11,723,996 
Special Mention— — 1,698 28,092 11,254 14,851 21,264 — 77,159 
Substandard2,224 28,440 64,029 24,093 45,679 154,169 85,627 4 404,265 
Total$492,643 $1,062,522 $3,617,204 $2,540,773 $1,201,276 $1,857,904 $1,374,384 $58,714 $12,205,420 
Gross Charge-offs$175 $42 $10 $15 $— $359 $2,331 $31 $2,963 
September 30, 2024Term Loans Amortized Cost Basis by Origination Year
(In thousands)20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$384,516 $765,673 $2,285,996 $2,061,359 $797,586 $1,955,459 $— $— $8,250,589 
30 days past due— — 375 — 1,063 2,489 — — 3,927 
60 days past due— 3,237 — 1,199 662 2,442 — — 7,540 
90+ days past due— 820 3,454 1,339 1,027 11,604 — — 18,244 
Total$384,516 $769,730 $2,289,825 $2,063,897 $800,338 $1,971,994 $— $— $8,280,300 
Gross Charge-offs— — 13 — — 131 — — 144 
Construction - custom
Current$54,649 $108,941 $17,082 $537 $— $358 $— $— $181,567 
90+ days past due— — 848 — — — — — 848 
Total$54,649 $108,941 $17,930 $537 $— $358 $— $— $182,415 
Land - consumer lot loans
Current$19,672 $14,809 $26,839 $23,804 $9,223 $13,713 $— $— $108,060 
Total$19,672 $14,809 $26,839 $23,804 $9,223 $13,713 $— $— $108,060 
HELOC
Current$— $— $— $— $— $4,176 $262,055 $1,116 $267,347 
30 days past due— — — — — 216 1,171 — 1,387 
60 days past due— — — — — 392 185 — 577 
90+ days past due— — — — — 8 538 — 546 
Total$— $— $— $— $— $4,792 $263,949 $1,116 $269,857 
Consumer
Current$1,515 $33 $(19)$9,440 $8,000 $18,329 $35,992 $— $73,290 
30 days past due— — — — — 92 219 — 311 
60 days past due— — — — — — 144 — 144 
90+ days past due— — — — — 91 219 — 310 
Total$1,515 $33 $(19)$9,440 $8,000 $18,512 $36,574 $— $74,055 
Gross Charge-offs— — — — — 139 379 — 518 
Total consumer loans
Current$460,352 $889,456 $2,329,898 $2,095,140 $814,809 $1,992,035 $298,047 $1,116 $8,880,853 
30 days past due— — 375 — 1,063 2,797 1,390 — 5,625 
60 days past due— 3,237 — 1,199 662 2,834 329 — 8,261 
90+ days past due— 820 4,302 1,339 1,027 11,703 757 — 19,948 
Total$460,352 $893,513 $2,334,575 $2,097,678 $817,561 $2,009,369 $300,523 $1,116 $8,914,687 
Gross Charge-offs$— $— $13 $— $— $270 $379 $— $662 
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$135,859 $658,126 $850,998 $541,655 $135,965 $400,412 $49,523 $— $2,772,538 
Special Mention— 90,428 — — — — — — 90,428 
Substandard— 5,711 2,309 2,422 7,583 5,603 — — 23,628 
Total$135,859 $754,265 $853,307 $544,077 $143,548 $406,015 $49,523 $— $2,886,594 
Commercial real estate
Pass$221,057 $912,776 $735,069 $476,941 $262,945 $596,459 $2,349 $— $3,207,596 
Special Mention— — 788 — 4,059 — — — 4,847 
Substandard499 5,361 3,810 24,538 27,916 35,534 — — 97,658 
Total$221,556 $918,137 $739,667 $501,479 $294,920 $631,993 $2,349 $— $3,310,101 
Commercial & industrial
Pass$155,411 $258,798 $316,713 $117,089 $24,246 $175,042 $1,089,896 $27,681 $2,164,876 
Special Mention— — — — 2,940 — 3,707 — 6,647 
Substandard— 5,532 8,537 2,783 3,819 46,297 69,948 6,879 143,795 
Total$155,411 $264,330 $325,250 $119,872 $31,005 $221,339 $1,163,551 $34,560 $2,315,318 
Construction
Pass$235,150 $833,577 $559,850 $68,105 $46,390 $373 $74,821 $— $1,818,266 
Substandard2,901 5,119 12,650 — — — — — 20,670 
Total$238,051 $838,696 $572,500 $68,105 $46,390 $373 $74,821 $— $1,838,936 
Land - acquisition & development
Pass$20,593 $69,414 $39,276 $6,280 $351 $17,876 $2,600 $— $156,390 
Substandard— 271 — — — — — — 271 
Total$20,593 $69,685 $39,276 $6,280 $351 $17,876 $2,600 $— $156,661 
Total commercial loans
Pass$768,070 $2,732,691 $2,501,906 $1,210,070 $469,897 $1,190,162 $1,219,189 $27,681 $10,119,666 
Special Mention— 90,428 788 — 6,999 — 3,707 — 101,922 
Substandard3,400 21,994 27,306 29,743 39,318 87,434 69,948 6,879 286,022 
Total$771,470 $2,845,113 $2,530,000 $1,239,813 $516,214 $1,277,596 $1,292,844 $34,560 $10,507,610 
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
(In thousands)20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$513,007 $1,478,479 $1,719,163 $718,250 $295,836 $1,640,330 $— $— $6,365,065 
30 days past due822 115 859 392 221 4,032 — — 6,441 
60 days past due— 1,526 1,420 1,325 — 1,797 — — 6,068 
90+ days past due— 1,470 666 1,408 — 7,872 — — 11,416 
Total$513,829 $1,481,590 $1,722,108 $721,375 $296,057 $1,654,031 $— $— $6,388,990 
Construction - custom
Current$92,081 $218,988 $8,838 $243 $358 $479 $— $— $320,987 
30 days past due— 760 — — — — — — 760 
60 days past due— — — 2,617 — — — — 2,617 
90+ days past due— 87 — — — — — — 87 
Total$92,081 $219,835 $8,838 $2,860 $358 $479 $— $— $324,451 
Land - consumer lot loans
Current$19,128 $41,658 $35,048 $11,517 $4,166 $12,714 $— $— $124,231 
30 days past due— — 358 — — — — — 358 
60 days past due— — 245 — — — — — 245 
90+ days past due— — — — — 8 — — 8 
Total$19,128 $41,658 $35,651 $11,517 $4,166 $12,722 $— $— $124,842 
HELOC
Current$— $— $— $— $— $3,733 $230,338 $1,637 $235,708 
30 days past due— — — — — 44 1,006 — 1,050 
60 days past due— — — — — 314 — — 314 
90+ days past due— — — — — — 682 — 682 
Total$— $— $— $— $— $4,091 $232,026 $1,637 $237,754 
Consumer
Current$662 $121 $9,748 $8,006 $16 $23,201 $27,945 $— $69,699 
30 days past due— — — — — 225 3 — 228 
60 days past due— — — — — 106 1 — 107 
90+ days past due— — — — 29 46 — 1 76 
Total$662 $121 $9,748 $8,006 $45 $23,578 $27,949 $1 $70,110 
Total consumer loans
Current$624,878 $1,739,246 $1,772,797 $738,016 $300,376 $1,680,457 $258,283 $1,637 $7,115,690 
30 days past due822 875 1,217 392 221 4,301 1,009 — 8,837 
60 days past due— 1,526 1,665 3,942 — 2,217 1 — 9,351 
90+ days past due— 1,557 666 1,408 29 7,926 682 1 12,269 
Total$625,700 $1,743,204 $1,776,345 $743,758 $300,626 $1,694,901 $259,975 $1,638 $7,146,147 
The following tables provide the amortized cost of loans receivable based on risk rating categories (as previously defined).
September 30, 2024Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands)
Loan type
Commercial loans
   Multi-family$4,476,283 $12,377 $67,540 $— $— $4,556,200 
   Commercial real estate3,587,682 40,297 104,176 — — 3,732,155 
   Commercial & industrial2,107,780 21,264 203,688 — — 2,332,732 
   Construction1,392,332 3,221 28,463 — — 1,424,016 
   Land - acquisition & development159,919 — 398 — — 160,317 
      Total commercial loans11,723,996 77,159 404,265 — — 12,205,420 
Consumer loans
   Single-family residential8,258,812 — 21,488 — — 8,280,300 
   Construction - custom181,567 — 848 — — 182,415 
   Land - consumer lot loans108,060 — — — — 108,060 
   HELOC269,261 — 596 — — 269,857 
   Consumer73,824 — 231 — — 74,055 
      Total consumer loans8,891,524 — 23,163 — — 8,914,687 
Total loans$20,615,520 $77,159 $427,428 $— $— $21,120,107 
Total grade as a % of total loans97.6 %0.4 %2.0 %— %— %

September 30, 2023Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands)
Loan type
Commercial loans
   Multi-family$2,772,538 $90,428 $23,628 $— $— $2,886,594 
   Commercial real estate3,207,596 4,847 97,658 — — 3,310,101 
   Commercial & industrial2,164,876 6,647 143,795 — — 2,315,318 
   Construction1,818,266 — 20,670 — — 1,838,936 
   Land - acquisition & development156,390 — 271 — — 156,661 
      Total commercial loans10,119,666 101,922 286,022 — — 10,507,610 
Consumer loans
   Single-family residential6,370,936 — 18,054 — — 6,388,990 
   Construction - custom324,363 — 88 — — 324,451 
   Land - consumer lot loans124,588 — 254 — — 124,842 
   HELOC237,018 — 736 — — 237,754 
   Consumer70,098 — 12 — — 70,110 
      Total consumer loans7,127,003 — 19,144 — — 7,146,147 
Total gross loans$17,246,669 $101,922 $305,166 $— $— $17,653,757 
Total grade as a % of total gross loans97.7 %0.6 %1.7 %— %— %