XML 22 R13.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Loans Receivable | 3 Months Ended
--- | ---
Dec. 31, 2023
Receivables [Abstract] |
Loans Receivable | Loans Receivable For a detailed discussion of loans and credit quality, including accounting policies and the CECL methodology used to estimate the allowance for credit losses, see Note A "Summary of Significant Accounting Policies" above. The Company's loans held for investment are divided into two portfolio segments, commercial loans and consumer loans, with each of those segments further split into loan classes for purposes of estimating the allowance for credit losses. The following table is a summary of loans receivable by loan portfolio segment and class.
| December 31, 2023 |  | September 30, 2023
Gross loans by category | (In thousands) |  | (In thousands)
Commercial loans |  |  |  |  |
Multi-family | $ | 3,054,426 |  | 15.8 | % |  | $ | 2,907,086 |  | 14.8 | %
Commercial real estate | 3,351,113 |  | 17.3 |  |  | 3,344,959 |  | 17.0 |
Commercial & industrial | 2,371,393 |  | 12.3 |  |  | 2,321,717 |  | 11.8 |
Construction | 2,868,207 |  | 14.8 |  |  | 3,318,994 |  | 16.9 |
Land - acquisition & development | 190,732 |  | 1.0 |  |  | 201,538 |  | 1.0 |
Total commercial loans | 11,835,871 |  | 61.2 |  |  | 12,094,294 |  | 61.6 |
Consumer loans |  |  |  |  |
Single-family residential | 6,535,073 |  | 33.8 |  |  | 6,451,270 |  | 32.8 |
Construction - custom | 543,748 |  | 2.8 |  |  | 672,643 |  | 3.4 |
Land - consumer lot loans | 119,735 |  | 0.6 |  |  | 125,723 |  | 0.6 |
HELOC | 243,742 |  | 1.2 |  |  | 234,410 |  | 1.2 |
Consumer | 74,884 |  | 0.4 |  |  | 70,164 |  | 0.4 |
Total consumer loans | 7,517,182 |  | 38.8 |  |  | 7,554,210 |  | 38.4 |
Total gross loans | 19,353,053 |  | 100 | % |  | 19,648,504 |  | 100 | %
Less: |  |  |  |  |
Allowance for credit losses on loans | 179,320 |  |  |  | 177,207 |  |
Loans in process | 1,516,522 |  |  |  | 1,895,940 |  |
Net deferred fees, costs and discounts | 72,589 |  |  |  | 98,807 |  |
Total loan contra accounts | 1,768,431 |  |  |  | 2,171,954 |  |
Net loans | $ | 17,584,622 |  |  |  | $ | 17,476,550 |  |
The Company elected to exclude accrued interest receivable from the amortized cost basis of loans for disclosure purposes and from the calculations of estimated credit losses. As of December 31, 2023, and September 30, 2023, AIR for loans totaled $77,760,000 and $77,349,000, respectively, and is included in the Interest receivable line item balance on the Company’s consolidated statements of financial condition. Loans in the amount of $10,493,301,000 and $8,941,201,000 at December 31, 2023 and September 30, 2023, respectively, were pledged to secure borrowings from the Federal Home Loan Bank ("FHLB") as part of the Company's liquidity management strategy. The FHLB does not have the right to sell or re-pledge these loans. 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, 2023 |  | September 30, 2023
| (In thousands, except ratio data)
| Non-accrual |  | Non-accrual with no ACL |  | 90 days or more past due and accruing |  | Non-accrual |  | Non-accrual with no ACL |  | 90 days or more past due and accruing
Commercial loans |  |  |  |  |  |  |  |  |  |  |
Multi-family | $ | 132 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,127 |  |  | $ | — |  |  | $ | — |
Commercial real estate | 24,283 |  |  | — |  |  | — |  |  | 23,435 |  |  | — |  |  | — |
Commercial & industrial | 4,437 |  |  | — |  |  | — |  |  | 6,082 |  |  | — |  |  | — |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial loans | 28,852 |  |  | — |  |  | — |  |  | 34,644 |  |  | — |  |  | — |
Consumer loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 15,396 |  |  | — |  |  | — |  |  | 14,918 |  |  | — |  |  | — |
Construction - custom | 88 |  |  | — |  |  | — |  |  | 88 |  |  | — |  |  | — |
Land - consumer lot loans | 57 |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | — |
HELOC | 603 |  |  | — |  |  | — |  |  | 736 |  |  | — |  |  | — |
Consumer | 262 |  |  | — |  |  | — |  |  | 27 |  |  | — |  |  | — |
Total consumer loans | 16,406 |  |  | — |  |  | — |  |  | 15,778 |  |  | — |  |  | — |
Total non-accrual loans | $ | 45,258 |  |  | $ | — |  |  | $ | — |  |  | $ | 50,422 |  |  | $ | — |  |  | $ | — |
% of total loans | 0.25 | % |  |  |  |  |  | 0.29 | % |  |  |  |
The Company recognized interest income on non-accrual loans of approximately $511,000 in the three months ended December 31, 2023 as a result of the collection of past due amounts. If these loans had been on accrual status and performed according to their original contract terms, the Company would have recognized interest income of approximately $625,000 for the three months ended December 31, 2023. Interest cash flows collected on non-accrual loans vary from period to period as those loans are brought current or are paid off. The following tables provide details regarding loan delinquencies by loan portfolio and class.
December 31, 2023 |  |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Type of Loan | Loans Receivable (Amortized Cost) |  | Current |  | 30 |  | 60 |  | 90 |  | Total Delinquent |
| (In thousands, except ratio data) |  |
Commercial Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family | $ | 3,022,457 |  |  | $ | 3,022,325 |  |  | $ | — |  |  | $ | — |  |  | $ | 132 |  |  | $ | 132 |  |  | — | %
Commercial real estate | 3,332,293 |  |  | 3,307,076 |  |  | 934 |  |  | — |  |  | 24,283 |  |  | 25,217 |  |  | 0.76 |
Commercial & industrial | 2,364,982 |  |  | 2,357,841 |  |  | 2,686 |  |  | 20 |  |  | 4,435 |  |  | 7,141 |  |  | 0.30 |
Construction | 1,695,506 |  |  | 1,695,506 |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Land - acquisition & development | 148,711 |  |  | 148,711 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial loans | 10,563,949 |  |  | 10,531,459 |  |  | 3,620 |  |  | 20 |  |  | 28,850 |  |  | 32,490 |  |  | 0.31 |
Consumer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 6,495,449 |  |  | 6,473,306 |  |  | 6,131 |  |  | 4,065 |  |  | 11,947 |  |  | 22,143 |  |  | 0.34 |
Construction - custom | 263,638 |  |  | 262,791 |  |  | 760 |  |  | — |  |  | 87 |  |  | 847 |  |  | 0.32 |
Land - consumer lot loans | 118,917 |  |  | 118,524 |  |  | 336 |  |  | — |  |  | 57 |  |  | 393 |  |  | 0.33 |
HELOC | 247,145 |  |  | 245,477 |  |  | 1,117 |  |  | — |  |  | 551 |  |  | 1,668 |  |  | 0.67 |
Consumer | 74,844 |  |  | 74,328 |  |  | 208 |  |  | 47 |  |  | 261 |  |  | 516 |  |  | 0.69 |
Total consumer loans | 7,199,993 |  |  | 7,174,426 |  |  | 8,552 |  |  | 4,112 |  |  | 12,903 |  |  | 25,567 |  |  | 0.36 |
Total Loans | $ | 17,763,942 |  |  | $ | 17,705,885 |  |  | $ | 12,172 |  |  | $ | 4,132 |  |  | $ | 41,753 |  |  | $ | 58,057 |  |  | 0.33 | %
Delinquency % |  |  | 99.67% |  | 0.07% |  | 0.01% |  | 0.24% |  | 0.33% |  |
September 30, 2023 |  |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Type of Loan | Loans Receivable (Amortized Cost) |  | Current |  | 30 |  | 60 |  | 90 |  | Total Delinquent |
| (In thousands, except ratio data) |  |
Commercial Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family | $ | 2,886,594 |  |  | $ | 2,886,462 |  |  | $ | — |  |  | $ | — |  |  | $ | 132 |  |  | $ | 132 |  |  | — | %
Commercial real estate | 3,310,101 |  |  | 3,285,673 |  |  | 848 |  |  | 145 |  |  | 23,435 |  |  | 24,428 |  |  | 0.74 |
Commercial & industrial | 2,315,318 |  |  | 2,307,020 |  |  | 30 |  |  | 2,186 |  |  | 6,082 |  |  | 8,298 |  |  | 0.36 |
Construction | 1,838,936 |  |  | 1,838,936 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 156,661 |  |  | 156,661 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total commercial loans | 10,507,610 |  |  | 10,474,752 |  |  | 878 |  |  | 2,331 |  |  | 29,649 |  |  | 32,858 |  |  | 0.31 |
Consumer Loans |  |  |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 6,388,990 |  |  | 6,365,065 |  |  | 6,441 |  |  | 6,068 |  |  | 11,416 |  |  | 23,925 |  |  | 0.37 |
Construction - custom | 324,451 |  |  | 320,987 |  |  | 760 |  |  | 2,617 |  |  | 87 |  |  | 3,464 |  |  | 1.07 |
Land - consumer lot loans | 124,842 |  |  | 124,231 |  |  | 358 |  |  | 245 |  |  | 8 |  |  | 611 |  |  | 0.49 |
HELOC | 237,754 |  |  | 235,708 |  |  | 1,050 |  |  | 314 |  |  | 682 |  |  | 2,046 |  |  | 0.86 |
Consumer | 70,110 |  |  | 69,699 |  |  | 228 |  |  | 107 |  |  | 76 |  |  | 411 |  |  | 0.59 |
Total consumer loans | 7,146,147 |  |  | 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% |  |
On October 1, 2023, the Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, which eliminated the accounting guidance on troubled debt restructurings ("TDRs") and requires enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. This guidance was applied on a prospective basis. These modified balances are included in their segment cohort based on loan type for the purpose of calculating historical loss rates as described in Note A. Loans may be modified as the result of borrowers experiencing financial difficulty needing relief from the contractual terms of their loan. Most loan modifications to borrowers experiencing financial difficulty are accruing and performing loans where the borrower has approached the Company about modification due to temporary financial difficulties. Each request for modification is individually evaluated for merit and likelihood of success. Often a term extension is needed in the short term in order to evaluate the need for further corrective action. Payment delays and interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. For commercial loans, modifications could be any of the above-listed modification types available or a mix thereof. Modifications to extend the term, lower the payment amount or delay payment are made for the purposes of providing borrowers additional time to return to compliance with the terms of their loans. Renewals of commercial lines to borrowers experiencing financial difficulty are included within the disclosures below though many of these are made in the normal course of business. For consumer loans, modifications typically consist of minor payment delays or deferrals and may include a modification of the existing contractual rate or extension of the maturity date, or both, when it is determined the borrowers are likely to successfully maintain compliance with these modified loan terms. 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 quarter were term extensions.
| Three Months Ended December 31, 2023 |
Loan Class | Term Extension |  | % of Total Loan Class Balance |  | Wtd. Avg. Term Extension |
| ( in thousands) |  |  |  | (in months) |
Commercial real estate | $ | 143 |  |  | — | % |  | 20 |
Commercial & industrial | 7,814 |  |  | 0.33 |  |  | 4 |
Construction | 346 |  |  | 0.02 |  |  | 4 |
Total commercial loans | 8,303 |  |  | 0.09 |  |  |  |
Total Loans | $ | 8,303 |  |  | 0.05 | % |  |  |
The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of modification efforts. Only one loan modified in the three months ended December 31, 2023 was 31 days past due, all others were current. This loan had an amortized cost of $1,659,000 at December 31, 2023 and belonged to the commercial & industrial class. None of the loans above have defaulted after modification. The Company evaluates the credit quality of its loans based on regulatory risk ratings and also consider other factors. Based on this evaluation, the loans are assigned a grade and classified as follows: •Pass – the credit does not meet one of the definitions below. •Special mention – A special mention credit is considered to be currently protected from loss but is potentially weak. No loss of principal or interest is foreseen; however, proper supervision and management attention is required to deter further deterioration in the credit. Assets in this category constitute some undue and unwarranted credit risk but not to the point of justifying a risk rating of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset. •Substandard – A substandard credit is an unacceptable credit. Additionally, repayment in the normal course is in jeopardy due to the existence of one or more well defined weaknesses. In these situations, loss of principal is likely if the weakness is not corrected. A substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified will have a well-defined weakness or weaknesses that jeopardize the collection or liquidation of the debt. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets risk rated substandard. •Doubtful – A credit classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The probability of loss is high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. •Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection. 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, 2023 and September 30, 2023. There were no commercial loans classified as Doubtful or Loss as of either date.
December 31, 2023 | Term Loans Amortized Cost Basis by Origination Year |  |  |
| YTD 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Revolving Loans | Revolving to Term Loans | Total Loans
Commercial loans |  |  |  |  |  |  |  |  |
Multi-family |  |  |  |  |  |  |  |  |
Pass | $ | 10,416 |  | $ | 135,720 |  | $ | 778,628 |  | $ | 955,583 |  | $ | 462,169 |  | $ | 521,665 |  | $ | 35,552 |  | $ | 13,959 |  | $ | 2,913,692 |
Special Mention | — |  | — |  | 90,668 |  | — |  | — |  | — |  | — |  | — |  | 90,668 |
Substandard | — |  | — |  | 5,690 |  | 2,302 |  | 2,416 |  | 7,689 |  | — |  | — |  | 18,097 |
Total | $ | 10,416 |  | $ | 135,720 |  | $ | 874,986 |  | $ | 957,885 |  | $ | 464,585 |  | $ | 529,354 |  | $ | 35,552 |  | $ | 13,959 |  | $ | 3,022,457 |
Commercial real estate |  |  |  |  |  |  |
Pass | $ | 61,720 |  | $ | 204,566 |  | $ | 979,199 |  | $ | 750,603 |  | $ | 444,855 |  | $ | 777,833 |  | $ | 2,317 |  | $ | — |  | $ | 3,221,093 |
Special Mention | — |  | — |  | — |  | 784 |  | — |  | — |  | — |  | — |  | 784 |
Substandard | — |  | 499 |  | 12,475 |  | 2,260 |  | 29,908 |  | 65,274 |  | — |  | — |  | 110,416 |
Total | $ | 61,720 |  | $ | 205,065 |  | $ | 991,674 |  | $ | 753,647 |  | $ | 474,763 |  | $ | 843,107 |  | $ | 2,317 |  | $ | — |  | $ | 3,332,293 |
Commercial & industrial |  |  |  |  |  |  |
Pass | $ | 13,685 |  | $ | 160,759 |  | $ | 284,699 |  | $ | 310,840 |  | $ | 112,799 |  | $ | 187,813 |  | $ | 1,154,212 |  | $ | 55 |  | $ | 2,224,862 |
Special Mention | — |  | — |  | — |  | — |  | — |  | — |  | 2,850 |  | — |  | 2,850 |
Substandard | — |  | — |  | 10,457 |  | 5,346 |  | 2,784 |  | 49,992 |  | 68,690 |  | 1 |  | 137,270 |
Total | $ | 13,685 |  | $ | 160,759 |  | $ | 295,156 |  | $ | 316,186 |  | $ | 115,583 |  | $ | 237,805 |  | $ | 1,225,752 |  | $ | 56 |  | $ | 2,364,982 |
Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | 31 |  | — |  | 31 |  | 62 |
Construction |  |  |  |  |  |  |  |  |
Pass | $ | 16,959 |  | $ | 321,724 |  | $ | 761,021 |  | $ | 396,547 |  | $ | 49,865 |  | $ | 49,310 |  | $ | 79,723 |  | $ | — |  | $ | 1,675,149 |
Substandard | 396 |  | 3,218 |  | 3,703 |  | 13,040 |  | — |  | — |  | — |  | — |  | 20,357 |
Total | $ | 17,355 |  | $ | 324,942 |  | $ | 764,724 |  | $ | 409,587 |  | $ | 49,865 |  | $ | 49,310 |  | $ | 79,723 |  | $ | — |  | $ | 1,695,506 |
Land - acquisition & development |  |  |  |  |  |
Pass | $ | 9,598 |  | $ | 18,096 |  | $ | 60,988 |  | $ | 32,782 |  | $ | 6,251 |  | $ | 18,258 |  | $ | 2,600 |  | $ | — |  | $ | 148,573 |
Substandard | — |  | — |  | 138 |  | — |  | — |  | — |  | — |  | — |  | 138 |
Total | $ | 9,598 |  | $ | 18,096 |  | $ | 61,126 |  | $ | 32,782 |  | $ | 6,251 |  | $ | 18,258 |  | $ | 2,600 |  | $ | — |  | $ | 148,711 |
Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | 18 |  | — |  | — |  | 18 |
Total commercial loans |  |  |  |  |  |  |
Pass | $ | 112,378 |  | $ | 840,865 |  | $ | 2,864,535 |  | $ | 2,446,355 |  | $ | 1,075,939 |  | $ | 1,554,879 |  | $ | 1,274,404 |  | $ | 14,014 |  | $ | 10,183,369 |
Special Mention | — |  | — |  | 90,668 |  | 784 |  | — |  | — |  | 2,850 |  | — |  | 94,302 |
Substandard | 396 |  | 3,717 |  | 32,463 |  | 22,948 |  | 35,108 |  | 122,955 |  | 68,690 |  | 1 |  | 286,278 |
Total | $ | 112,774 |  | $ | 844,582 |  | $ | 2,987,666 |  | $ | 2,470,087 |  | $ | 1,111,047 |  | $ | 1,677,834 |  | $ | 1,345,944 |  | $ | 14,015 |  | $ | 10,563,949 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 49 |  | $ | — |  | $ | 31 |  | $ | 80 |
December 31, 2023 | Term Loans Amortized Cost Basis by Origination Year |  |  |
| YTD 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Revolving Loans | Revolving to Term Loans | Total Loans
Consumer loans |  |  |  |  |  |  |  |  |
Single-family residential |  |  |  |  |  |  |
Current | $ | 50,755 |  | $ | 493,002 |  | $ | 1,584,370 |  | $ | 1,703,961 |  | $ | 715,431 |  | $ | 1,925,787 |  | $ | — |  | $ | — |  | $ | 6,473,306 |
30 days past due | — |  | 820 |  | 337 |  | 1,470 |  | 746 |  | 2,758 |  | — |  | — |  | 6,131 |
60 days past due | — |  | — |  | 863 |  | 1,335 |  | — |  | 1,867 |  | — |  | — |  | 4,065 |
90+ days past due | — |  | 996 |  | 469 |  | 675 |  | 682 |  | 9,125 |  | — |  | — |  | 11,947 |
Total | $ | 50,755 |  | $ | 494,818 |  | $ | 1,586,039 |  | $ | 1,707,441 |  | $ | 716,859 |  | $ | 1,939,537 |  | $ | — |  | $ | — |  | $ | 6,495,449 |
Construction - custom |  |  |  |  |  |  |  |
Current | $ | 1,331 |  | $ | 127,150 |  | $ | 131,617 |  | $ | 1,963 |  | $ | 372 |  | $ | 358 |  | $ | — |  | $ | — |  | $ | 262,791 |
30 days past due | — |  | — |  | 760 |  | — |  | — |  | — |  | — |  | — |  | 760 |
90+ days past due | — |  | — |  | 87 |  | — |  | — |  | — |  | — |  | — |  | 87 |
Total | $ | 1,331 |  | $ | 127,150 |  | $ | 132,464 |  | $ | 1,963 |  | $ | 372 |  | $ | 358 |  | $ | — |  | $ | — |  | $ | 263,638 |
Land - consumer lot loans |  |  |  |  |  |  |
Current | $ | 3,804 |  | $ | 18,850 |  | $ | 39,120 |  | $ | 29,413 |  | $ | 11,342 |  | $ | 15,995 |  | $ | — |  | $ | — |  | $ | 118,524 |
30 days past due | — |  | — |  | — |  | 336 |  | — |  | — |  | — |  | — |  | 336 |
90+ days past due | — |  | — |  | — |  | 57 |  | — |  | — |  | — |  | — |  | 57 |
Total | $ | 3,804 |  | $ | 18,850 |  | $ | 39,120 |  | $ | 29,806 |  | $ | 11,342 |  | $ | 15,995 |  | $ | — |  | $ | — |  | $ | 118,917 |
HELOC |  |  |  |  |  |  |  |  |
Current | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,797 |  | $ | 240,274 |  | $ | 406 |  | $ | 245,477 |
30 days past due | — |  | — |  | — |  | — |  | — |  | 531 |  | 586 |  | — |  | 1,117 |
90+ days past due | — |  | — |  | — |  | — |  | — |  | 8 |  | 543 |  | — |  | 551 |
Total | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,336 |  | $ | 241,403 |  | $ | 406 |  | $ | 247,145 |
Consumer |  |  |  |  |  |  |  |  |
Current | $ | 29 |  | $ | 139 |  | $ | 122 |  | $ | 9,648 |  | $ | 8,005 |  | $ | 21,864 |  | $ | 34,521 |  | $ | — |  | $ | 74,328 |
30 days past due | — |  | — |  | — |  | — |  | — |  | 145 |  | 63 |  | — |  | 208 |
60 days past due | — |  | — |  | — |  | — |  | — |  | 4 |  | 43 |  | — |  | 47 |
90+ days past due | — |  | — |  | — |  | — |  | — |  | 137 |  | 124 |  | — |  | 261 |
Total | $ | 29 |  | $ | 139 |  | $ | 122 |  | $ | 9,648 |  | $ | 8,005 |  | $ | 22,150 |  | $ | 34,751 |  | $ | — |  | $ | 74,844 |
Gross Charge-offs | — |  | — |  | — |  | — |  | — |  | 116 |  | 97 |  | — |  | 213 |
Total consumer loans |  |  |  |  |  |  |  |
Current | $ | 55,919 |  | $ | 639,141 |  | $ | 1,755,229 |  | $ | 1,744,985 |  | $ | 735,150 |  | $ | 1,968,801 |  | $ | 274,795 |  | $ | 406 |  | $ | 7,174,426 |
30 days past due | — |  | 820 |  | 1,097 |  | 1,806 |  | 746 |  | 3,434 |  | 649 |  | — |  | 8,552 |
60 days past due | — |  | — |  | 863 |  | 1,335 |  | — |  | 1,871 |  | 43 |  | — |  | 4,112 |
90+ days past due | — |  | 996 |  | 556 |  | 732 |  | 682 |  | 9,270 |  | 667 |  | — |  | 12,903 |
Total | $ | 55,919 |  | $ | 640,957 |  | $ | 1,757,745 |  | $ | 1,748,858 |  | $ | 736,578 |  | $ | 1,983,376 |  | $ | 276,154 |  | $ | 406 |  | $ | 7,199,993 |
Gross Charge-offs | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 116 |  | $ | 97 |  | $ | — |  | $ | 213 |
September 30, 2023 | Term Loans Amortized Cost Basis by Origination Year |  |  |
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Revolving Loans | Revolving to Term Loans | Total 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 |
Substandard | 499 |  | 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 |
Substandard | 2,901 |  | 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 |
Substandard | 3,400 |  | 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, 2023 | Term Loans Amortized Cost Basis by Origination Year |  |  |
| 2023 | 2022 | 2021 | 2020 | 2019 | Prior to 2019 | Revolving Loans | Revolving to Term Loans | Total 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 due | 822 |  | 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 due | 822 |  | 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 |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration