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Allowance for Losses on Loans
 3 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Allowance for Losses on Loans Allowance for Losses on Loans
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."

The following tables summarize the activity in the allowance for loan losses by loan portfolio segment and class. 
Three Months Ended December 31, 2024Beginning AllowanceCharge-offsRecoveries
Provision &
Transfers1
Ending Allowance
 (In thousands)
Commercial loans
   Multi-family$25,248 $— $— $749 $25,997 
   Commercial real estate39,210 (163)— (1,174)37,873 
   Commercial & industrial58,748 (357)4 2,079 60,474 
   Construction22,267 — — (1,364)20,903 
   Land - acquisition & development7,900 — 12 (691)7,221 
      Total commercial loans153,373 (520)16 (401)152,468 
Consumer loans
   Single-family residential40,523 — 456 1,138 42,117 
   Construction - custom1,427 — — (208)1,219 
   Land - consumer lot loans2,564 — — (37)2,527 
   HELOC3,049 — 1 108 3,158 
   Consumer2,817 (265)81 400 3,033 
      Total consumer loans50,380 (265)538 1,401 52,054 
Total ACL - loans$203,753 $(785)$554 $1,000 $204,522 
1Provision & transfer amounts within the table do not include provision recapture from unfunded commitments of $1,000,000.

Three Months Ended December 31, 2023Beginning AllowanceCharge-offsRecoveries
Provision &
Transfers1
Ending Allowance
 (In thousands)
Commercial loans
   Multi-family$13,155 $— $— $636 $13,791 
   Commercial real estate28,842 — 2 163 29,007 
   Commercial & industrial58,773 (62)32 2,093 60,836 
   Construction29,408 — — (545)28,863 
   Land - acquisition & development7,016 (18)50 (390)6,658 
      Total commercial loans137,194 (80)84 1,957 139,155 
Consumer loans
   Single-family residential28,029 — 120 407 28,556 
   Construction - custom2,781 — — (519)2,262 
   Land - consumer lot loans3,512 — 9 (176)3,345 
   HELOC2,859 — 1 113 2,973 
   Consumer2,832 (213)192 218 3,029 
      Total consumer loans40,013 (213)322 43 40,165 
Total loans$177,207 $(293)$406 $2,000 $179,320 
1Provision & transfer amounts within the table do not include provision recapture from unfunded commitments of $2,000,000
The Company recorded no provision for credit losses for the three months ended December 31, 2024, the same as the three months ended December 31, 2023. The lack of provision in the three months ended December 31, 2024 was primarily due to a stable loan receivable balance combined with stable credit performance. The increase in the overall ACL was offset by the equal decrease in the reserve for unfunded commitments. The lack of provision for the three months ended December 31, 2023 was for the same reason. Net charge-offs totaled $231,000 for the three months ended December 31, 2024, compared to $113,000 of net recoveries during the three months ended December 31, 2023.

Non-performing assets were $79,113,000, or 0.29% of total assets, at December 31, 2024, compared to $77,418,000, or 0.28% of total assets, at September 30, 2024. Non-accrual loans were $72,487,000 at December 31, 2024, compared to $69,541,000 at September 30, 2024. Delinquencies, as a percent of total loans, were 0.30% at December 31, 2024, compared to 0.25% at September 30, 2024.

The Company has an asset quality review function that analyzes its loan portfolio and reports the results of the review to its Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as described in Note D "Loans Receivable."

The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.
December 31, 2024Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$4,645,378 $12,347 $80,462 $2,610 $— $4,740,797 
  Commercial real estate3,498,443 23,468 88,847 — — 3,610,758 
  Commercial & industrial2,157,318 61,317 185,084 — — 2,403,719 
  Construction1,324,045 21,494 36,885 624 — 1,383,048 
  Land - acquisition & development145,176 — 1,433 — — 146,609 
    Total commercial loans11,770,360 118,626 392,711 3,234 — 12,284,931 
Consumer loans
  Single-family residential8,345,441 — 17,440 — — 8,362,881 
  Construction - custom154,866 — 848 — — 155,714 
  Land - consumer lot loans106,481 — 8 — — 106,489 
  HELOC278,253 — 786 — — 279,039 
  Consumer75,539 — 430 — — 75,969 
    Total consumer loans8,960,580 — 19,512 — — 8,980,092 
Total$20,730,940 $118,626 $412,223 $3,234 $— $21,265,023 
Total grade as a % of total loans97.49 %0.56 %1.94 %0.01 %— %
September 30, 2024Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands, except ratio data)
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 gross loans97.61 %0.37 %2.02 %— %— %

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

December 31, 2024Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$4,716,720 99.5 %$24,077 0.5 %
   Commercial real estate3,584,466 99.3 26,292 0.7 
   Commercial & industrial2,401,756 99.9 1,963 0.1 
   Construction1,382,424 100.0 624 0.0 
   Land - acquisition & development146,609 100.0 — — 
      Total commercial loans12,231,975 99.6 52,956 0.4 
Consumer loans
   Single-family residential8,345,441 99.8 17,440 0.2 
   Construction - custom154,866 99.5 848 0.5 
   Land - consumer lot loans106,481 100.0 8 0.0 
   HELOC278,253 99.7 786 0.3 
   Consumer75,520 99.4 449 0.6 
      Total consumer loans8,960,561 99.8 19,531 0.2 
Total loans$21,192,536 99.7 %$72,487 0.3 %
September 30, 2024Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$4,537,457 99.6 %$18,743 0.4 %
   Commercial real estate3,705,793 99.3 26,362 0.7 
   Commercial & industrial2,332,732 100.0 — — 
   Construction1,422,896 99.9 1,120 0.1 
   Land - acquisition & development160,243 100.0 74 — 
      Total commercial loans12,159,121 99.6 46,299 0.4 
Consumer loans
   Single-family residential8,258,812 99.7 21,488 0.3 
   Construction - custom181,567 99.5 848 0.5 
   Land - consumer lot loans108,060 100.0 — — 
   HELOC269,261 99.8 596 0.2 
   Consumer73,745 99.6 310 0.4 
      Total consumer loans8,891,445 99.7 23,242 0.3 
Total loans$21,050,566 99.7 %$69,541 0.3 %