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Loans Receivable (Tables)
 6 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class. Loans held for sale of approximately $3 billion are excluded from the following tables.
 March 31, 2024September 30, 2023
Gross loans by category(In thousands)(In thousands)
Commercial loans
Multi-family$4,173,375 18.5 %$2,907,086 14.8 %
Commercial real estate3,570,790 15.8 3,344,959 17.0 
Commercial & industrial2,290,452 10.1 2,321,717 11.8 
Construction2,631,783 11.6 3,318,994 16.9 
Land - acquisition & development215,831 1.0 201,538 1.0 
Total commercial loans12,882,231 57.0 12,094,294 61.6 
Consumer loans
Single-family residential8,816,039 39.0 6,451,270 32.8 
Construction - custom466,740 2.1 672,643 3.4 
   Land - consumer lot loans115,022 0.5 125,723 0.6 
   HELOC243,852 1.1 234,410 1.2 
   Consumer74,269 0.3 70,164 0.4 
Total consumer loans9,715,922 43.0 7,554,210 38.4 
Total gross loans22,598,153 100 %19,648,504 100 %
   Less:
      Allowance for credit losses on loans201,577 177,207 
      Loans in process1,303,978 1,895,940 
      Net deferred fees, costs and discounts297,339 98,807 
Total loan contra accounts1,802,894 2,171,954 
Net loans$20,795,259 $17,476,550 
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.
 
 March 31, 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$8,377 $— $— $5,127 $— $— 
Commercial real estate27,022 — — 23,435 — — 
Commercial & industrial4,436 — — 6,082 — — 
Construction— — — — — 
Land - acquisition & development112 — — — — — 
   Total commercial loans39,947 — — 34,644 — — 
Consumer loans
Single-family residential20,016 — — 14,918 — — 
Construction - custom88 — — 88 — — 
Land - consumer lot loans— — — 9 — — 
HELOC491 — — 736 — — 
Consumer264 — — 27 — — 
   Total consumer loans20,859 — — 15,778 — — 
Total non-accrual loans$60,806 $— $— $50,422 $— $— 
% of total net loans0.29 %0.29 %
Loan Delinquencies by Loan Portfolio and Class
The following tables provide details regarding loan delinquencies by loan portfolio and class.
 
March 31, 2024Days 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$4,089,719 $4,072,075 $14,869 $— $2,775 $17,644 0.43 %
Commercial real estate3,544,884 3,520,286 — — 24,598 24,598 0.69 
Commercial & industrial2,283,922 2,279,347 140 — 4,435 4,575 0.20 
Construction1,623,496 1,622,736 760 — — 760 0.05 
Land - acquisition & development175,704 175,592 — — 112 112 0.06 
   Total commercial loans11,717,725 11,670,036 15,769 — 31,920 47,689 0.41 
Consumer Loans
Single-family residential8,619,916 8,594,155 6,274 3,828 15,659 25,761 0.30 
Construction - custom223,377 222,530 760 — 87 847 0.38 
Land - consumer lot loans114,256 113,949 307 — — 307 0.27 
HELOC247,305 246,296 483 86 440 1,009 0.41 
Consumer74,257 73,822 52 119 264 435 0.59 
   Total consumer loans9,279,111 9,250,752 7,876 4,033 16,450 28,359 0.31 
Total Loans$20,996,836 $20,920,788 $23,645 $4,033 $48,370 $76,048 0.36 %
Delinquency %99.64%0.11%0.01%0.23%0.36%



September 30, 2023Days 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$2,886,594 $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%
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 quarter were term extensions.

Three Months Ended March 31, 2024
Loan ClassTerm Extension% of Total Loan Class BalanceWtd. Avg.
Term Extension
( in thousands)(in months)
Commercial & industrial42,683 1.87 3
Construction13,138 0.81 15
Total commercial loans55,821 0.48 
Total Loans$55,821 0.27 %
Six Months Ended March 31, 2024
Loan ClassTerm Extension% of Total Loan Class BalanceWtd. Avg.
Term Extension
( in thousands)(in months)
Commercial real estate93 — %20
Commercial & industrial50,730 2.22 3
Construction13,138 0.81 15
Total commercial loans63,961 0.55 
Total Loans$63,961 0.30 %
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 March 31, 2024 and September 30, 2023. There were no commercial loans classified as Doubtful or Loss as of either date.
March 31, 2024Term Loans Amortized Cost Basis by Origination Year
YTD 20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$67,578 $172,683 $1,354,276 $1,105,788 $547,312 $648,522 $35,553 $13,214 $3,944,926 
Special Mention— — 92,620 2,678 1,203 16,483 — — 112,984 
Substandard— — 5,665 2,296 7,874 15,974 — — 31,809 
Total$67,578 $172,683 $1,452,561 $1,110,762 $556,389 $680,979 $35,553 $13,214 $4,089,719 
Commercial real estate
Pass$125,124 $214,702 $1,026,962 $731,080 $448,225 $838,539 $2,286 $— $3,386,918 
Special Mention— — 2,884 23,133 — 16,377 — — 42,394 
Substandard— 499 16,661 2,260 29,854 66,298 — — 115,572 
Total$125,124 $215,201 $1,046,507 $756,473 $478,079 $921,214 $2,286 $— $3,544,884 
Commercial & industrial
Pass$17,307 $159,129 $238,221 $298,401 $108,517 $177,856 $1,093,054 $222 $2,092,707 
Special Mention— — 32,861 608 — 309 38,005 — 71,783 
Substandard— 2,095 12,026 172 2,701 49,036 53,401 1 119,432 
Total$17,307 $161,224 $283,108 $299,181 $111,218 $227,201 $1,184,460 $223 $2,283,922 
Gross Charge-offs— — — 10 30 56 — 31 127 
Construction
Pass$54,184 $389,785 $686,499 $290,139 $50,200 $51,900 $78,285 $— $1,600,992 
Special Mention— — — 2,888 — — — — 2,888 
Substandard655 3,801 2,022 13,138 — — — — 19,616 
Total$54,839 $393,586 $688,521 $306,165 $50,200 $51,900 $78,285 $— $1,623,496 
Land - acquisition & development
Pass$14,413 $14,563 $65,068 $56,474 $6,043 $18,540 $— $— $175,101 
Special Mention— — — — — 354 — — 354 
Substandard— — 137 — 112 — — — 249 
Total$14,413 $14,563 $65,205 $56,474 $6,155 $18,894 $— $— $175,704 
Gross Charge-offs— — — — — 18 — — 18 
Total commercial loans
Pass$278,606 $950,862 $3,371,026 $2,481,882 $1,160,297 $1,735,357 $1,209,178 $13,436 $11,200,644 
Special Mention— — 128,365 29,307 1,203 33,523 38,005 — 230,403 
Substandard655 6,395 36,511 17,866 40,541 131,308 53,401 1 286,678 
Total$279,261 $957,257 $3,535,902 $2,529,055 $1,202,041 $1,900,188 $1,300,584 $13,437 $11,717,725 
Gross Charge-offs$— $— $— $10 $30 $74 $— $31 $145 
March 31, 2024Term Loans Amortized Cost Basis by Origination Year
YTD 20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$121,983 $787,975 $2,384,151 $2,193,608 $860,379 $2,246,059 $— $— $8,594,155 
30 days past due— — — — 264 6,010 — — 6,274 
60 days past due— — 843 973 — 2,012 — — 3,828 
90+ days past due— 1,816 2,939 2,175 — 8,729 — — 15,659 
Total$121,983 $789,791 $2,387,933 $2,196,756 $860,643 $2,262,810 $— $— $8,619,916 
Gross Charge-offs— — — — — 131 — — 131 
Construction - custom
Current$7,939 $142,758 $69,481 $1,571 $423 $358 $— $— $222,530 
30 days past due— — 760 — — — — — 760 
90+ days past due— — 87 — — — — — 87 
Total$7,939 $142,758 $70,328 $1,571 $423 $358 $— $— $223,377 
Land - consumer lot loans
Current$7,310 $17,372 $36,755 $26,802 $10,529 $15,181 $— $— $113,949 
30 days past due— — 162 131 — 14 — — 307 
Total$7,310 $17,372 $36,917 $26,933 $10,529 $15,195 $— $— $114,256 
HELOC
Current$— $— $— $— $— $5,025 $240,569 $702 $246,296 
30 days past due— — — — — 100 383 — 483 
60 days past due— — — — — 44 42 — 86 
90+ days past due— — — — — — 440 — 440 
Total$— $— $— $— $— $5,169 $241,434 $702 $247,305 
Consumer
Current$895 $108 $72 $9,568 $8,002 $20,732 $34,445 $— $73,822 
30 days past due— — — — — 24 28 — 52 
60 days past due— — — — — 70 49 — 119 
90+ days past due— — — — — 136 128 — 264 
Total$895 $108 $72 $9,568 $8,002 $20,962 $34,650 $— $74,257 
Gross Charge-offs— — — — — 123 239 — 362 
Total consumer loans
Current$138,127 $948,213 $2,490,459 $2,231,549 $879,333 $2,287,355 $275,014 $702 $9,250,752 
30 days past due— — 922 131 264 6,148 411 — 7,876 
60 days past due— — 843 973 — 2,126 91 — 4,033 
90+ days past due— 1,816 3,026 2,175 — 8,865 568 — 16,450 
Total$138,127 $950,029 $2,495,250 $2,234,828 $879,597 $2,304,494 $276,084 $702 $9,279,111 
Gross Charge-offs$— $— $— $— $— $254 $239 $— $493 
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
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
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.
March 31, 2024Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$3,944,926 $112,984 $31,809 $— $— $4,089,719 
  Commercial real estate3,386,918 42,394 115,572 — — 3,544,884 
  Commercial & industrial2,092,707 71,783 119,432 — — 2,283,922 
  Construction1,600,992 2,888 19,616 — — 1,623,496 
  Land - acquisition & development175,101 354 249 — — 175,704 
    Total commercial loans11,200,644 230,403 286,678 — — 11,717,725 
Consumer loans
  Single-family residential8,599,901 — 20,015 — — 8,619,916 
  Construction - custom223,290 — 87 — — 223,377 
  Land - consumer lot loans114,256 — — — — 114,256 
  HELOC246,814 — 491 — — 247,305 
  Consumer74,117 — 140 — — 74,257 
    Total consumer loans9,258,378 — 20,733 — — 9,279,111 
Total$20,459,022 $230,403 $307,411 $— $— $20,996,836 
Total grade as a % of total loans97.44 %1.10 %1.47 %— %— %
September 30, 2023Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal 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 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 loans$17,246,669 $101,922 $305,166 $— $— $17,653,757 
Total grade as a % of total gross loans97.69 %0.58 %1.73 %— %— %

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

March 31, 2024Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$4,081,342 99.8 %$8,377 0.2 %
   Commercial real estate3,517,862 99.2 27,022 0.8 
   Commercial & industrial2,279,486 99.8 4,436 0.2 
   Construction1,623,496 100.0 — 0.0 
   Land - acquisition & development175,592 99.9 112 0.1 
      Total commercial loans11,677,778 99.7 39,947 0.3 
Consumer loans
   Single-family residential8,599,900 99.8 20,016 0.2 
   Construction - custom223,289 100.0 88 — 
   Land - consumer lot loans114,256 100.0 — 0.0 
   HELOC246,814 99.8 491 0.2 
   Consumer73,993 99.6 264 0.4 
      Total consumer loans9,258,252 99.8 20,859 0.2 
Total loans$20,936,030 99.7 %$60,806 0.3 %
September 30, 2023Performing LoansNon-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 estate3,286,666 99.3 23,435 0.7 
   Commercial & industrial2,309,236 99.7 6,082 0.3 
   Construction1,838,936 100.0 — — 
   Land - acquisition & development156,661 100.0 — — 
      Total commercial loans10,472,966 99.7 34,644 0.3 
Consumer loans
   Single-family residential6,374,072 99.8 14,918 0.2 
   Construction - custom324,363 100.0 88 — 
   Land - consumer lot loans124,833 100.0 9 — 
   HELOC237,018 99.7 736 0.3 
   Consumer70,083 100.0 27 0.0 
      Total consumer loans7,130,369 99.8 15,778 0.2 
Total loans$17,603,335 99.7 %$50,422 0.3 %