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Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Allowance for Credit Losses by Loan Portfolio Segment and Class

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

Three Months Ended December 31, 2023			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers(1)						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	13,155					$	—					$	—					$	636					$	13,791
Commercial real estate			28,842						—						2						163						29,007
Commercial & industrial			58,773						(62)						32						2,093						60,836
Construction			29,408						—						—						(545)						28,863
Land - acquisition & development			7,016						(18)						50						(390)						6,658
Total commercial loans			137,194						(80)						84						1,957						139,155
Consumer loans
Single-family residential			28,029						—						120						407						28,556
Construction - custom			2,781						—						—						(519)						2,262
Land - consumer lot loans			3,512						—						9						(176)						3,345
HELOC			2,859						—						1						113						2,973
Consumer			2,832						(213)						192						218						3,029
Total consumer loans			40,013						(213)						322						43						40,165
Total ACL - loans			$	177,207					$	(293)					$	406					$	2,000					$	179,320

(1) Provision & transfer amounts within the table do not include provision recapture from unfunded commitments of $2,000,000.

Three Months Ended December 31, 2022			Beginning Allowance						Charge-offs						Recoveries						Provision & Transfers(1)						Ending Allowance
			(In thousands)
Commercial loans
Multi-family			$	12,013					$	—					$	—					$	311					$	12,324
Commercial real estate			25,814						—						4						1,562						27,380
Commercial & industrial			57,210						(82)						32						6,713						63,873
Construction			26,161						—						—						(28)						26,133
Land - acquisition & development			12,278						—						16						(3,722)						8,572
Total commercial loans			133,476						(82)						52						4,836						138,282
Consumer loans
Single-family residential			25,518						—						430						(473)						25,475
Construction - custom			3,410						—						—						90						3,500
Land - consumer lot loans			5,047						—						—						(905)						4,142
HELOC			2,482						—						1						105						2,588
Consumer			2,875						(146)						234						(153)						2,810
Total consumer loans			39,332						(146)						665						(1,336)						38,515
Total loans			$	172,808					$	(228)					$	717					$	3,500					$	176,797

(1) Provision & transfer amounts within the table do not include provision recapture from unfunded commitments of $1,000,000

Schedule 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, 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

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

December 31, 2023			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total
			(In thousands, except ratio data)
Loan type
Commercial loans
Multi-family			$	2,913,692					$	90,668					$	18,097					$	—					$	—					$	3,022,457
Commercial real estate			3,221,093						784						110,416						—						—						3,332,293
Commercial & industrial			2,224,862						2,850						137,270						—						—						2,364,982
Construction			1,675,149						—						20,357						—						—						1,695,506
Land - acquisition & development			148,573						—						138						—						—						148,711
Total commercial loans			10,183,369						94,302						286,278						—						—						10,563,949
Consumer loans
Single-family residential			6,477,005						—						18,444						—						—						6,495,449
Construction - custom			263,550						—						88						—						—						263,638
Land - consumer lot loans			118,860						—						57						—						—						118,917
HELOC			246,541						—						604						—						—						247,145
Consumer			74,708						—						136						—						—						74,844
Total consumer loans			7,180,664						—						19,329						—						—						7,199,993
Total			$	17,364,033					$	94,302					$	305,607					$	—					$	—					$	17,763,942
Total grade as a % of total loans			97.75		%				0.53		%				1.72		%				—		%				—		%

September 30, 2023			Internally Assigned Grade
			Pass						Special mention						Substandard						Doubtful						Loss						Total Gross Loans
			(In thousands, except ratio data)
Loan type
Commercial loans
Multi-family			$	2,772,538					$	90,428					$	23,628					$	—					$	—					$	2,886,594
Commercial real estate			3,207,596						4,847						97,658						—						—						3,310,101
Commercial & industrial			2,164,876						6,647						143,795						—						—						2,315,318
Construction			1,818,266						—						20,670						—						—						1,838,936
Land - acquisition & development			156,390						—						271						—						—						156,661
Total commercial loans			10,119,666						101,922						286,022						—						—						10,507,610
Consumer loans
Single-family residential			6,370,936						—						18,054						—						—						6,388,990
Construction - custom			324,363						—						88						—						—						324,451
Land - consumer lot loans			124,588						—						254						—						—						124,842
HELOC			237,018						—						736						—						—						237,754
Consumer			70,098						—						12						—						—						70,110
Total consumer loans			7,127,003						—						19,144						—						—						7,146,147
Total loans			$	17,246,669					$	101,922					$	305,166					$	—					$	—					$	17,653,757
Total grade as a % of total gross loans			97.69		%				0.58		%				1.73		%				—		%				—		%

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

December 31, 2023			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands, except ratio data)
Commercial loans
Multi-family			$	3,022,325					100.0		%				$	132					—		%
Commercial real estate			3,308,010						99.3						24,283						0.7
Commercial & industrial			2,360,545						99.8						4,437						0.2
Construction			1,695,506						100.0						—						0.0
Land - acquisition & development			148,711						100.0						—						—
Total commercial loans			10,535,097						99.7						28,852						0.3
Consumer loans
Single-family residential			6,480,053						99.8						15,396						0.2
Construction - custom			263,550						100.0						88						—
Land - consumer lot loans			118,860						100.0						57						0.0
HELOC			246,542						99.8						603						0.2
Consumer			74,582						99.6						262						0.4
Total consumer loans			7,183,587						99.8						16,406						0.2
Total loans			$	17,718,684					99.7		%				$	45,258					0.3		%

September 30, 2023			Performing Loans												Non-Performing Loans
			Amount						% of Total Loans						Amount						% of Total Loans
			(In thousands, except ratio data)
Commercial loans
Multi-family			$	2,881,467					99.8		%				$	5,127					0.2		%
Commercial real estate			3,286,666						99.3						23,435						0.7
Commercial & industrial			2,309,236						99.7						6,082						0.3
Construction			1,838,936						100.0						—						—
Land - acquisition & development			156,661						100.0						—						—
Total commercial loans			10,472,966						99.7						34,644						0.3
Consumer loans
Single-family residential			6,374,072						99.8						14,918						0.2
Construction - custom			324,363						100.0						88						—
Land - consumer lot loans			124,833						100.0						9						—
HELOC			237,018						99.7						736						0.3
Consumer			70,083						100.0						27						0.0
Total consumer loans			7,130,369						99.8						15,778						0.2
Total loans			$	17,603,335					99.7		%				$	50,422					0.3		%

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

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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
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

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- References

No definition available.

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