Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Sep. 30, 2013 | Nov. 18, 2013 | Mar. 31, 2013 | |
Entity Public Float | ' | ' | $873,310,519 |
Entity Common Stock, Shares Outstanding | ' | 307,171,460 | ' |
Entity Registrant Name | 'TFS FINANCIAL CORPORATION | ' | ' |
Entity Central Index Key | '0001381668 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Current Fiscal Year End Date | '--09-30 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q4 | ' | ' |
Trading Symbol | 'TFSL | ' | ' |
Amendment Flag | 'false | ' | ' |
Third Federal Savings MHC Member | ' | ' | ' |
Number Of Shares Held By Parent Company | 227,119,132 | ' | ' |
Equity Method Investment, Ownership Percentage | ' | 73.94% | ' |
Consolidated_Statements_Of_Con
Consolidated Statements Of Condition (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $34,694 | $38,914 |
Other interest-earning cash equivalents | 251,302 | 269,348 |
Cash and cash equivalents | 285,996 | 308,262 |
Investment securities: | ' | ' |
Available for sale (amortized cost $480,664 and $417,416, respectively) | 477,376 | 421,430 |
Mortgage loans held for sale, at lower of cost or market ($3,369 and $3,017 measured at fair value, respectively) | 4,179 | 124,528 |
Loans held for investment, net: | ' | ' |
Mortgage loans | 10,185,674 | 10,339,402 |
Other loans | 4,100 | 4,612 |
Deferred loan fees, net | -13,171 | -18,561 |
Allowance for loan losses | -92,537 | -100,464 |
Loans, net | 10,084,066 | 10,224,989 |
Mortgage loan servicing assets, net | 14,074 | 19,613 |
Federal Home Loan Bank stock, at cost | 35,620 | 35,620 |
Real estate owned | 22,666 | 19,647 |
Premises, equipment, and software, net | 58,517 | 61,150 |
Accrued interest receivable | 31,489 | 34,887 |
Bank owned life insurance contracts | 183,724 | 177,279 |
Other assets | 71,639 | 90,720 |
TOTAL ASSETS | 11,269,346 | 11,518,125 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Deposits | 8,464,499 | 8,981,419 |
Borrowed funds | 745,117 | 488,191 |
Borrowers' advances for insurance and taxes | 71,388 | 67,864 |
Principal, interest, and related escrow owed on loans serviced | 75,745 | 127,539 |
Accrued expenses and other liabilities | 41,120 | 46,262 |
Total liabilities | 9,397,869 | 9,711,275 |
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | 0 | 0 |
Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 309,230,591 and 309,009,393 outstanding at September 30, 2013 and September 30, 2012, respectively | 3,323 | 3,323 |
Paid-in capital | 1,696,370 | 1,691,884 |
Treasury stock, at cost; 23,088,159 and 23,309,357 shares at September 30, 2013 and September 30, 2012, respectively | -278,215 | -280,937 |
Unallocated ESOP shares | -70,418 | -74,751 |
Retained earnings - substantially restricted | 529,021 | 473,247 |
Accumulated other comprehensive loss | -8,604 | -5,916 |
Total shareholders' equity | 1,871,477 | 1,806,850 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $11,269,346 | $11,518,125 |
Consolidated_Statements_Of_Con1
Consolidated Statements Of Condition (Parenthetical) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Available for sale, amortized cost | $480,664 | $417,416 |
Mortgage loans held for sale | $3,369 | $3,017 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 700,000,000 | 700,000,000 |
Common stock, shares issued | 332,318,750 | 332,318,750 |
Common stock, shares outstanding | 309,230,591 | 309,009,393 |
Treasury stock, shares | 23,088,159 | 23,309,357 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
INTEREST INCOME: | ' | ' | ' |
Loans, including fees | $376,840 | $409,400 | $413,464 |
Investment securities available for sale | 4,941 | 1,995 | 240 |
Investment securities held to maturity | 0 | 4,245 | 11,455 |
Other interest and dividend earning assets | 2,191 | 2,213 | 2,334 |
Total interest and dividend income | 383,972 | 417,853 | 427,493 |
INTEREST EXPENSE: | ' | ' | ' |
Deposits | 111,408 | 153,100 | 177,842 |
Borrowed funds | 4,011 | 2,546 | 2,003 |
Total interest expense | 115,419 | 155,646 | 179,845 |
Net interest income | 268,553 | 262,207 | 247,648 |
Provision for loan losses | 37,000 | 102,000 | 98,500 |
Net income after provision for loan losses | 231,553 | 160,207 | 149,148 |
NON-INTEREST INCOME | ' | ' | ' |
Fees and service charges, net of amortization | 8,921 | 11,473 | 15,615 |
Net gain on the sale of loans | 8,267 | 688 | 490 |
Increase in and death benefits from bank owned life insurance contracts | 6,464 | 6,484 | 6,521 |
Other | 4,816 | 5,818 | 8,356 |
Total non-interest income | 28,468 | 24,463 | 30,982 |
NON-INTEREST EXPENSE | ' | ' | ' |
Salaries and employee benefits | 86,471 | 80,113 | 76,014 |
Marketing services | 12,983 | 9,799 | 7,745 |
Office property, equipment and software | 21,009 | 20,489 | 20,074 |
Federal insurance premium and assesments | 13,019 | 14,294 | 19,516 |
State franchise tax | 6,627 | 6,039 | 4,805 |
Real estate owned expense, net | 6,724 | 8,190 | 8,061 |
Appraisal and other loan review expense | 3,005 | 3,172 | 5,601 |
Other operating expenses | 27,822 | 28,962 | 26,239 |
Total non-interest expense | 177,660 | 171,058 | 168,055 |
Income before income taxes | 82,361 | 13,612 | 12,075 |
Income tax expense | 26,402 | 2,133 | 2,735 |
Net income | $55,959 | $11,479 | $9,340 |
Earnings per share-basic and diluted | $0.18 | $0.04 | $0.03 |
Weighted average shares outstanding | ' | ' | ' |
Basic | 301,832,758 | 301,226,639 | 300,358,096 |
Diluted | 302,746,766 | 301,770,338 | 300,969,844 |
Consolidated_Statements_Of_Sha
Consolidated Statements Of Shareholders' Equity (USD $) | Total | Common Stock [Member] | Paid-In Capital [Member] | Treasury Stock [Member] | Unallocated Common Stock Held By ESOP [Member] | Retained Earnings [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Defined Benefit Plans Adjustment [Member] |
In Thousands, unless otherwise specified | ||||||||
Balance at Sep. 30, 2010 | $1,752,897 | $3,323 | $1,686,062 | ($288,366) | ($82,699) | $452,633 | $90 | ($18,146) |
Comprehensive Income | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 9,340 | ' | ' | ' | ' | 9,340 | ' | ' |
Change in unrealized losses on securities available for sale | 0 | ' | ' | ' | ' | ' | ' | ' |
Change in pension obligation | 1,779 | ' | ' | ' | ' | ' | ' | 1,779 |
Total comprehensive income | 11,119 | ' | ' | ' | ' | ' | ' | ' |
ESOP shares allocated or committed to be released | 3,222 | ' | -393 | ' | 3,615 | ' | ' | ' |
Compensation costs for stock-based plans | 6,916 | ' | 6,919 | -3 | ' | ' | ' | ' |
Excess tax effect from stock-based compensation | -230 | ' | -230 | ' | ' | ' | ' | ' |
Treasury stock allocated to restricted stock plan | 0 | ' | -6,142 | 6,279 | ' | -137 | ' | ' |
Balance at Sep. 30, 2011 | 1,773,924 | 3,323 | 1,686,216 | -282,090 | -79,084 | 461,836 | 90 | -16,367 |
Comprehensive Income | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 11,479 | ' | ' | ' | ' | 11,479 | ' | ' |
Change in unrealized losses on securities available for sale | 2,520 | ' | ' | ' | ' | ' | 2,520 | ' |
Change in pension obligation | 7,841 | ' | ' | ' | ' | ' | ' | 7,841 |
Total comprehensive income | 21,840 | ' | ' | ' | ' | ' | ' | ' |
ESOP shares allocated or committed to be released | 4,003 | ' | -330 | ' | 4,333 | ' | ' | ' |
Compensation costs for stock-based plans | 7,112 | ' | 7,112 | 0 | ' | ' | ' | ' |
Treasury stock allocated to restricted stock plan | -29 | ' | -1,114 | 1,153 | ' | -68 | ' | ' |
Balance at Sep. 30, 2012 | 1,806,850 | 3,323 | 1,691,884 | -280,937 | -74,751 | 473,247 | 2,610 | -8,526 |
Comprehensive Income | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 55,959 | ' | ' | ' | ' | 55,959 | ' | ' |
Change in unrealized losses on securities available for sale | -4,746 | ' | ' | ' | ' | ' | -4,746 | ' |
Change in pension obligation | 2,058 | ' | ' | ' | ' | ' | ' | 2,058 |
Total comprehensive income | 53,271 | ' | ' | ' | ' | ' | ' | ' |
ESOP shares allocated or committed to be released | 4,499 | ' | 166 | ' | 4,333 | ' | ' | ' |
Compensation costs for stock-based plans | 6,703 | ' | 6,703 | 0 | ' | ' | ' | ' |
Treasury stock allocated to restricted stock plan | 154 | ' | -2,383 | 2,722 | ' | -185 | ' | ' |
Balance at Sep. 30, 2013 | $1,871,477 | $3,323 | $1,696,370 | ($278,215) | ($70,418) | $529,021 | ($2,136) | ($6,468) |
Consolidated_Statements_Of_Sha1
Consolidated Statements Of Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended |
Sep. 30, 2013 | |
Statement of Stockholders' Equity [Abstract] | ' |
Dividends paid to common shareholders, per common share | $0 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net income | $55,959 | $11,479 | $9,340 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
ESOP and stock-based compensation expense | 11,356 | 11,115 | 10,138 |
Reversal of excess tax benefit related to stock-based compensation | 0 | 0 | -230 |
Depreciation and amortization | 21,315 | 22,767 | 19,404 |
Deferred income taxes | 6,486 | -19,270 | -8,243 |
Provision for loan losses | 37,000 | 102,000 | 98,500 |
Net gain on the sale of loans | -8,267 | -688 | -490 |
Other net (gains) losses | -756 | 2,027 | 3,419 |
Principal repayments on and proceeds from sales of loans held for sale | 74,170 | 26,585 | 0 |
Loans originated for sale | -65,545 | -9,640 | 0 |
Increase in and death benefits for bank owned life insurance contracts | -6,468 | -6,480 | -6,519 |
Net decrease in interest receivable and other assets | 16,908 | 10,180 | 18,732 |
Net (decrease) increase in accrued expenses and other liabilities | -1,739 | 4,920 | -9,304 |
Other | 391 | 631 | 821 |
Net cash provided by operating activities | 140,810 | 155,626 | 135,568 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Loans originated | -2,459,635 | -2,928,682 | -2,484,919 |
Principal repayments on loans | 2,369,786 | 2,185,787 | 1,787,544 |
Proceeds from principal repayments and maturities of: | ' | ' | ' |
Securities available for sale | 206,388 | 74,589 | 10,898 |
Securities held to maturity | 0 | 139,533 | 263,176 |
Proceeds from sale of: | ' | ' | ' |
Loans | 282,221 | 0 | 33,722 |
Real estate owned | 25,817 | 22,731 | 15,606 |
Purchases of: | ' | ' | ' |
Securities available for sale | -276,454 | -134,488 | -2,291 |
Securities held to maturity | 0 | -93,509 | -12,424 |
Premises and equipment | -2,819 | -7,332 | -2,616 |
Other | -116 | 8 | -1,093 |
Net cash (used in) provided by investing activities | 145,188 | -741,363 | -392,397 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Net (decrease) increase in deposits | -516,920 | 265,509 | -136,031 |
Net increase in borrowers' advances for insurance and taxes | 3,524 | 9,629 | 6,834 |
Net decrease in principal and interest owed on loans serviced | -51,794 | -24,320 | -132,566 |
Net (decrease) increase in short term borrowed funds | -52,732 | 316,335 | 50,025 |
Proceeds from long term borrowed funds | 320,000 | 35,000 | 34,673 |
Repayment of long term borrowed funds | -10,342 | -3,000 | -15,000 |
Excess tax benefit related to stock-based compensation | 0 | 0 | 0 |
Net cash (used in) provided by in financing activities | -308,264 | 599,153 | -192,065 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -22,266 | 13,416 | -448,894 |
Cash and cash equivalentsbbeginning of year | 308,262 | 294,846 | 743,740 |
Cash and cash equivalentsbend of year | 285,996 | 308,262 | 294,846 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ' | ' | ' |
Cash paid for interest on deposits | 111,707 | 153,463 | 178,452 |
Cash paid for interest on borrowed funds | 3,743 | 2,541 | 1,972 |
Cash paid for income taxes | 19,642 | 19,794 | 7,600 |
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ' | ' | ' |
Transfer of loans to real estate owned | 27,741 | 23,006 | 21,069 |
Transfer of loans from held for investment to held for sale | 337,009 | 245,920 | 0 |
Transfer of loans from held for sale to held for investment | 155,028 | 104,657 | 25,027 |
Transfer of investments from held to maturity to available for sale | $0 | $343,687 | $0 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income Statement (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Net income | $15,769 | $16,247 | $12,790 | $11,153 | $1,106 | $892 | $1,022 | $8,459 | $55,959 | $11,479 | $9,340 |
Other comprehensive (loss) income, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | -4,746 | 2,520 | 0 |
Change in pension obligation | ' | ' | ' | ' | ' | ' | ' | ' | 2,058 | 7,841 | 1,779 |
Total other comprehensive (loss) income | ' | ' | ' | ' | ' | ' | ' | ' | -2,688 | 10,361 | 1,779 |
Total comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | $53,271 | $21,840 | $11,119 |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 12 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Summary Of Significant Accounting Policies | ' |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accounting and reporting policies of TFS Financial Corporation and its subsidiaries conform to accounting principles generally accepted in the United States of America and to general practices within the thrift industry. | |
In preparing the accompanying consolidated financial statements, subsequent events were evaluated through the time the consolidated financial statements were issued. No material subsequent events have occurred requiring recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements. | |
The following is a description of the significant accounting and reporting policies, which the Company follows in preparing and presenting its consolidated financial statements. | |
Business—TFS Financial Corporation, a federally chartered stock holding company, conducts its principal activities through its wholly owned subsidiaries. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering, and other insignificant financial services. Third Federal Savings and Loan Association of Cleveland, MHC, its federally chartered mutual holding company parent, currently owns 73.94% of the outstanding shares of common stock of the Company. | |
The Company’s primary operating subsidiaries include the Association and Third Capital, Inc. The Association is a federal savings association, which provides retail loan and savings products to its customers in Ohio and Florida, through its 38 full-service branches, eight loan production offices, customer service call center and internet site. The Association also provides savings products and first mortgage refinance loans in states outside of its branch footprint. Third Capital, Inc. was formed to hold non-thrift investments and subsidiaries, which include a limited liability company that acquires and manages commercial real estate, a Vermont captive reinsurance company, an entity that pursues merger and acquisition opportunities and investments in private equity investment funds. | |
Principles of Consolidation—The consolidated financial statements of the Company include the accounts of TFS Financial Corporation and its wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. | |
Cash and Cash Equivalents—Cash and cash equivalents consist of working cash on hand, and demand and interest bearing deposits at other financial institutions with maturities of three months or less. For purposes of reporting cash flows, cash and cash equivalents also includes federal funds sold. The Company has acknowledged informal agreements with banks where it maintains deposits. Under these agreements, service fees charged to the Company are waived provided certain average compensating balances are maintained throughout each month. | |
Investment Securities—Securities held to maturity are securities that the Company has the positive intent and the ability to hold to maturity; these securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. All other securities are classified as available for sale. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of AOCI. Management determines the appropriate classification at the time of purchase. | |
Gains and losses on the sale of investment and mortgage-backed securities available for sale and trading are computed on a specific identification basis. Purchases and sales of securities are accounted for on a trade-date or settlement-date, depending on the settlement terms. | |
A decline in the fair value of any available for sale or held to maturity security, below cost, that is deemed to be other than temporary, results in a reduction in the carrying amount to fair value. The impairment loss is bifurcated between that related to credit loss which is recognized in non-interest income and that related to all other factors which is recognized in other comprehensive income. To determine whether an impairment is other than temporary, the Company considers, among other things, the duration and extent to which the fair value of an investment is less than its cost, changes in value subsequent to year end, forecast performance of the issuer, and whether the Company has the intent to hold the investment until market price recovery, or, for debt securities, whether the Company has the intent to sell the security or more likely than not will be required to sell the debt security before its anticipated recovery. | |
Premiums and discounts are amortized using the level-yield method. | |
Mortgage Banking Activity—Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Mortgage loans included in pending agency contracts to sell and securitize loans are carried at fair value. Fair value is based on quoted secondary market pricing for loan portfolios with similar characteristics and includes consideration of deferred fees (costs). Net unrealized losses are recognized in a valuation allowance by charges to income. | |
The Company retains servicing on loans that are sold and recognizes an asset for mortgage loan servicing rights based on the fair value of the servicing rights. Mortgage loan servicing rights are recorded at the lower of cost or fair value. Mortgage loan servicing rights are reported net of accumulated amortization, which is recorded in proportion to, and over the period of, estimated net servicing revenues. The impairment analysis is based on predominant risk characteristics of the loans serviced, such as type, fixed and adjustable rate loans, original terms and interest rates. Fair values are estimated using discounted cash flows based on current interest rates and prepayment assumptions, and impairment is monitored periodically. The amount of impairment recognized is the amount by which the mortgage loan servicing assets exceed their fair value. The Company monitors prepayments and changes amortization of mortgage servicing rights accordingly. | |
Servicing fee income net of amortization and other loan fees collected on loans serviced for others are included in Fees and service charges, net of amortization on the financial statements. | |
Derivative Instruments—The Company enters into certain transactions, referred to as forward commitments, for the sale of mortgage loans principally to protect against the risk of adverse interest rate movements on the value of those assets. The Company recognizes the fair value of the contracts when the characteristics of those contracts meet the definition of a derivative. These derivatives are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. | |
The Company enters into commitments to originate loans which, when funded, will be classified as held for sale. Such commitments meet the definition of a derivative and are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. | |
Loans and Related Fees—Loans originated with the intent to hold into the foreseeable future are carried at unpaid principal balances adjusted for partial charge-offs, the allowance for loan losses and net deferred origination fees. Interest on loans is accrued and credited to income as earned. Interest is not accrued on loans when collectability is uncertain. | |
Loan fees and certain direct loan origination costs are deferred and recognized as an adjustment to interest income using the level-yield method over the contractual lives of related loans, if the loans are held for investment. If the loans are held for sale, net deferred fees (costs) are not amortized, but rather are recognized when the related loans are sold. | |
Allowance for Loan Losses—The allowance for loan losses is assessed on a quarterly basis and provisions for loan losses are made in order to maintain the allowance at a level sufficient to absorb credit losses in the portfolio. Impairment evaluations are performed on loans segregated into homogeneous pools based on similarities in credit profile, product and property types. Through the evaluation, general allowances for loan losses are assessed based on historical loan loss experience for each homogeneous pool. General allowances are adjusted to address other factors that affect estimated probable losses including the size of the portion of the portfolio that is not subjected to individual review; current delinquency statistics; the status of loans in foreclosure, real estate in judgment and real estate owned; national, regional and local economic factors and trends; asset disposition loss statistics (both current and historical); and the relative level of individually allocated valuation allowances to the balances of loans individually reviewed. The allowance for loan losses is increased by charges to income and decreased by charge-offs (net of recoveries). Management believes the allowance is adequate. | |
For further discussion on the allowance for loan losses, non-accrual, impairment, and troubled debt restructurings, see Note 5. Loans and Allowance for Loan Losses. | |
Real Estate Owned—Real estate owned represents real estate acquired through foreclosure or deed in lieu of foreclosure and is initially recorded at fair value less estimated costs to sell. Subsequent to acquisition, real estate owned is carried at the lower of cost or fair value less estimated selling costs. Management performs periodic valuations and a valuation allowance is established by a charge to income for any excess of the carrying value over the fair value less estimated costs to sell the property. Recoveries in fair value during the holding period are recognized until the valuation allowance is reduced to zero. Costs related to holding and maintaining the property are charged to expense. | |
Premises, Equipment, and Software—Depreciation and amortization of premises, equipment and software is computed on a straight-line basis over the estimated useful lives of the related assets. Estimated lives are 20 to 50 years for office facilities and three to 10 years for equipment and software. Amortization of leasehold improvements is computed on a straight-line basis over the lesser of the lease term or the life of the related asset. | |
Impairment of Long-Lived Assets—Long-lived assets, consisting of premises, equipment and software, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recovery amount or estimated fair value of the assets. No events or changes in circumstances have occurred causing management to evaluate the recoverability of the Company’s long-lived assets. | |
Goodwill—The excess of purchase price over the fair value of net assets of acquired companies is classified as goodwill and reported in Other Assets. Goodwill was $9,732 at September 30, 2013 and 2012. Goodwill is reviewed for impairment on an annual basis as of September 30. No impairment was identified as of September 30, 2013 or 2012. | |
Taxes on Income—Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Additional information about policies related to income taxes is included in Note 12. Income Taxes. | |
Deposits—Interest on deposits is accrued and charged to expense monthly and is paid or credited in accordance with the terms of the accounts. | |
Treasury Stock—Acquisitions of treasury stock are recorded at cost using the cost method of accounting. Repurchases may be made through open market purchases, block trades and in negotiated private transactions, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Repurchased shares will be available for general corporate purposes. | |
Accumulated Other Comprehensive Loss—Accumulated other comprehensive loss consists of pension liability adjustments and gains (losses) on securities available for sale, net of the related tax effects. | |
Share-Based Compensation—Compensation expense for awards of equity instruments is recognized on a straight-line basis over the requisite service period based on the grant date fair value estimated in accordance with the provisions of FASB ASC 718 “Compensation—Stock Compensation”. Share-based compensation expense is included in Salaries and employee benefits in the consolidated statements of income. | |
The grant date fair value of stock options is estimated using the Black-Scholes option-pricing model using assumptions for the expected option term, expected stock price volatility, risk-free interest rate, and expected dividend yield. Due to limited historical data on exercise of share options, the simplified method is used to estimate expected option term. | |
Advertising Costs—Advertising costs are expensed as incurred. | |
Earnings per Share—Basic earnings per share is computed by dividing net income (loss) by the weighted average shares of common stock outstanding. Outstanding shares include shares sold to subscribers, shares held by the Third Federal Foundation, shares of the Employee Stock Ownership Plan which have been allocated or committed to be released for allocation to participants, and shares held by Third Federal Savings, MHC. | |
Diluted earnings per share is computed using the same method as basic earnings per share, but reflects the potential dilution, if any, of unexercised stock options and unvested shares of restricted stock units that could occur if stock options were exercised and restricted stock units were issued and converted into common stock. These potentially dilutive shares would then be included in the weighted average number of shares outstanding for the period using the treasury stock method. At September 30, 2013, 2012 and 2011, potentially dilutive shares include stock options and restricted stock units issued through stock-based compensation plans. | |
Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. |
Stock_Transactions
Stock Transactions | 12 Months Ended |
Sep. 30, 2013 | |
Stock Transactions, Parenthetical Disclosures [Abstract] | ' |
Stock Transactions | ' |
STOCK TRANSACTIONS | |
TFS Financial Corporation completed its initial public stock offering on April 20, 2007 and sold 100,199,618 shares, or 30.16% of its post-offering outstanding common stock, to subscribers in the offering. Third Federal Savings, MHC, the Company’s mutual holding company parent, holds 227,119,132 shares of TFS Financial Corporation’s outstanding common stock. TFS Financial Corporation issued 5,000,000 shares of common stock, or 1.50% of its post-offering outstanding common stock, to Third Federal Foundation. | |
On March 12, 2009, the Board of Directors approved a fourth repurchase program authorizing the repurchase of up to an additional 3,300,000 shares of TFS Financial Corporation’s outstanding common stock. No shares were repurchased during the year ended September 30, 2013. At September 30, 2013, there are 2,156,250 shares remaining to be purchased under the fourth repurchase program. As a result of the concerns communicated to the Company by the OTS, which was merged into the OCC on July 21, 2011, and pending an evaluation by the Company’s current, primary regulators, the OCC and the Board of Governors of the FRS (see Note 3), the Company had suspended its repurchase program. On September 26, 2013, the Company received a written non-objection from the FRS to resume its fourth stock repurchase program. The Company previously repurchased 23,000,000 shares of the Company’s common stock as part of the first three previous Board of Directors-approved share repurchase programs. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | ||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||
REGULATORY MATTERS | |||||||||||||||||||||
The Association is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the financial statements of the Association. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Association must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. | |||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Association to maintain minimum amounts and ratios (set forth in table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and core capital (as defined) to adjusted assets (as defined). The risk-based capital guidelines include both a definition of capital and a framework for calculating risk-weighted assets by assigning balance sheet assets and off-balance sheet assets to broad risk categories. At September 30, 2013, the Association exceeded all regulatory capital requirements and is considered “well capitalized” under regulatory guidelines. | |||||||||||||||||||||
The following table summarizes the actual capital amounts and ratios of the Association as of September 30, 2013 and 2012, compared to the minimum capital adequacy requirements and the requirements for classification as a well capitalized institution. | |||||||||||||||||||||
Minimum Requirements | |||||||||||||||||||||
Actual | For Capital | To be “Well Capitalized” | |||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||
Action Provision | |||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Total Capital to Risk-Weighted Assets | $ | 1,678,493 | 24.1 | % | $ | 557,133 | 8 | % | $ | 696,416 | 10 | % | |||||||||
Core Capital to Adjusted Tangible Assets | 1,591,373 | 14.18 | % | 449,023 | 4 | % | 561,279 | 5 | % | ||||||||||||
Tier 1 Capital to Risk-Weighted Assets | 1,591,373 | 22.85 | % | N/A | N/A | 417,850 | 6 | % | |||||||||||||
30-Sep-12 | |||||||||||||||||||||
Total Capital to Risk-Weighted Assets | $ | 1,618,653 | 22.19 | % | $ | 583,586 | 8 | % | $ | 729,482 | 10 | % | |||||||||
Core Capital to Adjusted Tangible Assets | 1,527,353 | 13.31 | % | 458,910 | 4 | % | 573,637 | 5 | % | ||||||||||||
Tier 1 Capital to Risk-Weighted Assets | 1,527,353 | 20.94 | % | N/A | N/A | 437,689 | 6 | % | |||||||||||||
The following table reconciles the Association’s total capital under GAAP to reported regulatory capital amounts as of September 30, 2013 and 2012. | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Total capital as reported under GAAP | $ | 1,589,459 | $ | 1,526,286 | |||||||||||||||||
Goodwill and software | (6,690 | ) | (4,848 | ) | |||||||||||||||||
AOCI related to pension obligation | 6,467 | 8,526 | |||||||||||||||||||
Other | 2,137 | (2,611 | ) | ||||||||||||||||||
Total core and tier 1 capital | 1,591,373 | 1,527,353 | |||||||||||||||||||
Allowable allowance for loan losses | 87,120 | 91,300 | |||||||||||||||||||
Total risk based capital | $ | 1,678,493 | $ | 1,618,653 | |||||||||||||||||
There were no dividends paid to the Company during the year ended September 30, 2013. | |||||||||||||||||||||
Prior to its July 21, 2011 merger into the OCC, the OTS issued, effective February 7, 2011, a MOU covering the Association, Third Federal Savings, MHC and the Company. The terms of the MOU required the following actions to be prepared or obtained by management, all of which have been performed: (1) completion of a home equity lending reduction plan; (2) enhanced home equity lending, credit risk and other management policies and procedures; (3) an assessment of the Association's interest rate risk management policy and a plan to address any deficiencies and (4) an assessment of the enterprise risk management and a plan to address any deficiencies. As a result of the MOU, the Company did not declare or pay dividends or repurchase any of its outstanding stock since 2010. In December 2012, the MOU that covered the Association was terminated by the OCC. On September 26, 2013, the Company received the FRS's written non-objection to the resumption of its fourth stock repurchase plan that, at that time, had 2,156,250 shares of its outstanding common stock remaining to be purchased under the terms of the plan. Repurchases began on October 1, 2013. Although the Company has received a written non-objection with respect to its fourth stock repurchase plan and is diligently working with the FRS to resolve the remaining concerns so that the Company can extend its stock repurchase program and can initiate the process required to pay a dividend, such actions remain subject to receipt of the FRS's written non-objection as specified in the MOU, until the remaining concerns of our regulator are resolved. The requirements of the MOU that deal with enterprise risk management issues which are applicable to the Company and Third Federal Savings, MHC will remain in effect until our regulator decides to terminate, suspend or modify them. | |||||||||||||||||||||
Prior to the suspension of the dividends, Third Federal Savings, MHC waived its right to receive each dividend paid by the Company, which allowed dividends to only be paid to the percentage (26.6% at September 30, 2013) of the shares which are not owned by Third Federal Savings, MHC. Interim final rules issued by the FRS on August 12, 2011 require that a majority of the mutual holding company's members eligible to vote must approve a dividend waiver by a mutual holding company within 12 months prior to the declaration of the dividend being waived. As part of its rulemaking process, the FRS is reviewing comments on the interim final rule, which were required to be submitted by November 1, 2011, and there can be no assurance that the final rule will not require such a member vote. |
Investment_Securities
Investment Securities | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||||||
INVESTMENT SECURITIES | ||||||||||||||||||||||||
Investments available for sale are summarized as follows: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 37 | $ | — | $ | 2,037 | ||||||||||||||||
Freddie Mac certificates | 894 | 56 | — | 950 | ||||||||||||||||||||
Ginnie Mae certificates | 11,919 | 423 | — | 12,342 | ||||||||||||||||||||
Real estate mortgage investment conduits (REMICs) | 448,881 | 1,506 | (5,810 | ) | 444,577 | |||||||||||||||||||
FNMA certificates | 11,495 | 805 | (305 | ) | 11,995 | |||||||||||||||||||
Money market accounts | 5,475 | — | — | 5,475 | ||||||||||||||||||||
$ | 480,664 | $ | 2,827 | $ | (6,115 | ) | $ | 477,376 | ||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 56 | $ | — | $ | 2,056 | ||||||||||||||||
Freddie Mac certificates | 922 | 67 | — | 989 | ||||||||||||||||||||
Ginnie Mae certificates | 16,123 | 663 | — | 16,786 | ||||||||||||||||||||
REMICs | 383,545 | 2,772 | (308 | ) | 386,009 | |||||||||||||||||||
FNMA certificates | 7,125 | 764 | — | 7,889 | ||||||||||||||||||||
Money market accounts | 7,701 | — | — | 7,701 | ||||||||||||||||||||
$ | 417,416 | $ | 4,322 | $ | (308 | ) | $ | 421,430 | ||||||||||||||||
There were no sales from the investment securities available for sale portfolio or the investment securities held-to-maturity portfolio during the years ended September 30, 2013, 2012 and 2011. | ||||||||||||||||||||||||
Gross unrealized losses on securities and the estimated fair value of the related securities, aggregated by investment category and length of time the individual securities have been in a continuous loss position, at September 30, 2013 and 2012, were as follows: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | |||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 237,774 | $ | 4,984 | $ | 45,768 | $ | 826 | $ | 283,542 | $ | 5,810 | ||||||||||||
FNMA certificates | 4,806 | 305 | — | — | 4,806 | 305 | ||||||||||||||||||
Total | $ | 242,580 | $ | 5,289 | $ | 45,768 | $ | 826 | $ | 288,348 | $ | 6,115 | ||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | |||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 80,219 | $ | 291 | $ | 6,550 | $ | 17 | $ | 86,769 | $ | 308 | ||||||||||||
The unrealized losses on investment securities were attributable to market rate increases. The contractual terms of U.S. government and agency obligations do not permit the issuer to settle the security at a price less than the par value of the investment. The contractual cash flows of mortgage-backed securities are guaranteed by FNMA, Freddie Mac and Ginnie Mae. REMICs are issued by or backed by securities issued by these governmental agencies. It is expected that the securities would not be settled at a price substantially less than the amortized cost of the investment. During the financial market upheaval of 2008, concern arose about the financial health of FNMA and Freddie Mac and, therefore, the viability of the payment guarantees issued by the agencies. This market was preserved when, in September 2008, the Federal Housing Finance Agency placed FNMA and Freddie Mac into conservatorship. Shortly after taking control, the U.S. Treasury Department established financing agreements to ensure FNMA and Freddie Mac meet their obligations to holders of mortgage-backed securities that they have issued or guaranteed. | ||||||||||||||||||||||||
Since the decline in value is attributable to changes in interest rates and not credit quality and because the Association has neither the intent to sell the securities nor is it more likely than not the Association will be required to sell the securities for the time periods necessary to recover the amortized cost, these investments are not considered other-than-temporarily impaired. | ||||||||||||||||||||||||
At September 30, 2013, the amortized cost and fair value of U.S. government and agency obligations available for sale due in more than one year but less than five years are $2,000 and $2,037, respectively. |
Loans_And_Allowance_For_Loan_L
Loans And Allowance For Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans And Allowance For Loan Losses | ' | ||||||||||||||||||||||||||||
LOANS AND ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||
Loans held for investment consist of the following: | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,118,511 | $ | 7,943,165 | |||||||||||||||||||||||||
Residential Home Today | 178,353 | 208,325 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,858,398 | 2,155,496 | |||||||||||||||||||||||||||
Construction | 72,430 | 69,152 | |||||||||||||||||||||||||||
Real estate loans | 10,227,692 | 10,376,138 | |||||||||||||||||||||||||||
Consumer and other loans | 4,100 | 4,612 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Deferred loan fees—net | (13,171 | ) | (18,561 | ) | |||||||||||||||||||||||||
Loans-in-process (“LIP”) | (42,018 | ) | (36,736 | ) | |||||||||||||||||||||||||
Allowance for loan losses | (92,537 | ) | (100,464 | ) | |||||||||||||||||||||||||
Loans held for investment, net | $ | 10,084,066 | $ | 10,224,989 | |||||||||||||||||||||||||
At September 30, 2013 and 2012, respectively, $4,179 and $124,528 of long-term, fixed-rate loans were classified as mortgage loans held for sale. | |||||||||||||||||||||||||||||
In an October 2011 directive, the OCC required all specific valuation allowances on collateral-dependent loans (SVAs established when the recorded investment in an impaired loan exceeded the measured value of the collateral) maintained by savings institutions to be charged off by March 31, 2012. As permitted, the Company elected to early-adopt this methodology effective for the quarter ended December 31, 2011. Additionally, the OCC issued guidance in July, 2012 which requires loans, where at least one borrower has been discharged of their obligation in Chapter 7 bankruptcy proceedings, and have not reaffirmed the debt to be classified as troubled debt restructurings. Additionally, this guidance requires the charge off of performing loans to collateral value when, due to a discharge of indebtedness, the Company's only recourse in the event of nonpayment is to foreclose on the property. As a result, reported loan charge-offs for the year ended September 30, 2012 included the charge-off of SVAs, which had a balance of $55,507 at September 30, 2011 and the charge-off of $15,827 in connection with the bankruptcy related guidance. The one-time SVA related charge-off did not impact the provision for loan losses for the year ended September 30, 2012; however, reported loan charge-offs during the year increased and the balances of loans, the allowance for loan losses, non-accrual status loans and loan delinquencies as of September 30, 2012, all decreased accordingly. | |||||||||||||||||||||||||||||
A large concentration of the Company’s lending is in Ohio and Florida. As of September 30, 2013 and 2012, the percentage of total residential non-Home Today and Home Today loans held in Ohio were 74% and 77%, and the percentage held in Florida were 18% and 17%, respectively. As of September 30, 2013 and 2012, equity loans and lines of credit were concentrated in the states of Ohio (39% and 39%), Florida (29% and 29%) and California (12% and 12%), respectively. The economic conditions and market for real estate in those states have significantly impacted the ability of borrowers in those areas to repay their loans. | |||||||||||||||||||||||||||||
Home Today is an affordable housing program targeted to benefit low- and moderate-income home buyers. Through this program the Association provided the majority of loans to borrowers who would not otherwise qualify for the Association’s loan products, generally because of low credit scores. Although the credit profiles of borrowers in the Home Today program might be described as sub-prime, Home Today loans generally contain the same features as loans offered to our non-Home Today borrowers. Borrowers in the Home Today program must complete financial management education and counseling and must be referred to the Association by a sponsoring organization with which the Association has partnered as part of the program. Borrowers must also meet a minimum credit score threshold. Because the Association applied less stringent underwriting and credit standards to the majority of Home Today loans, loans originated under the program have greater credit risk than its traditional residential real estate mortgage loans. While effective March 27, 2009, the Home Today underwriting guidelines were changed to be substantially the same as the Association’s traditional first mortgage product, the majority of loans in this program were originated prior to that date. As of September 30, 2013 and 2012, the principal balance of Home Today loans originated prior to March 27, 2009 was $174,974 and $204,733 respectively. The Association does not offer, and has not offered, loan products frequently considered to be designed to target sub-prime borrowers containing features such as higher fees or higher rates, negative amortization, a loan-to-value ratio greater than 100%, or option adjustable-rate mortgages. | |||||||||||||||||||||||||||||
Between June 28, 2010 and March 20, 2012, due to the deterioration in overall housing conditions including concerns for loans and lines in a second lien position, home equity lines of credit and home equity loans were not offered by the Association. Beginning in March 2012, the Association offered redesigned home equity lines of credit to qualifying existing home equity customers, subject to certain property and credit performance conditions. In February 2013 the Association further modified the product design and the terms to include monthly principal and interest payments throughout the entire term. In April 2013, the product offering was extended to both existing home equity customers and new consumers in Ohio, Florida and selected counties in Kentucky. Prior to March 11, 2009, the Association offered residential mortgage loan products where the borrower pays only interest for a portion of the loan term. The recorded investment in interest only loans is comprised of the following: | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Residential non-Home Today | $ | 2,353 | $ | 11,519 | |||||||||||||||||||||||||
Equity lines of credit | 1,680,917 | 1,983,581 | |||||||||||||||||||||||||||
Total | $ | 1,683,270 | $ | 1,995,100 | |||||||||||||||||||||||||
Home equity lines of credit prior to February 2013 are interest only for a maximum of 10 years and convert to fully amortizing for the remaining term, up to 20 years, at which time they are included in the home equity loan balance. Residential loans are interest only for a maximum of 5 years and convert to fully amortizing for the remaining term of up to 30 years. | |||||||||||||||||||||||||||||
The recorded investment of loan receivables in non-accrual status is summarized in the following table. Balances are net of deferred fees. | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 91,048 | $ | 105,780 | |||||||||||||||||||||||||
Residential Home Today | 34,813 | 41,087 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 29,943 | 35,316 | |||||||||||||||||||||||||||
Construction | 41 | 377 | |||||||||||||||||||||||||||
Total real estate loans | 155,845 | 182,560 | |||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||
Total non-accrual loans | $ | 155,845 | $ | 182,560 | |||||||||||||||||||||||||
Loans are placed in non-accrual status when they are contractually 90 days or more past due. Loans modified in troubled debt restructurings that were in non-accrual status prior to the restructurings remain in non-accrual status for a minimum of six months. Additionally, home equity loans and lines of credit where the customer has a severely delinquent first mortgage and loans in Chapter 7 bankruptcy status where all borrowers have been discharged of their obligation are placed in non-accrual status. Total performing non-accrual loans at September 30, 2013 and 2012 includes $54,311 and $47,742, respectively, in troubled debt restructurings which are current according to the terms of their agreement, of which $34,001 and $30,631 are performing loans in Chapter 7 bankruptcy status where all borrowers have been discharged of their obligations. Additionally at September 30, 2013 and 2012, the recorded investment in non-accrual status loans includes $5,277 and $8,807, respectively, of performing second lien loans subordinate to first mortgages delinquent greater than 90 days. | |||||||||||||||||||||||||||||
Interest on loans in accrual status, including certain loans individually reviewed for impairment, is recognized in interest income as it accrues, on a daily basis. Accrued interest on loans in non-accrual status is reversed by a charge to interest income and income is subsequently recognized only to the extent cash payments are received. Cash payments on loans in non-accrual status are applied to the oldest scheduled, unpaid payment first. Cash payments on loans with a partial charge-off are applied fully to principal, then to recovery of the charged off amount prior to interest income being recognized. A non-accrual loan is generally returned to accrual status when contractual payments are less than 90 days past due. However, a loan may remain in nonaccrual status when collectability is uncertain, such as a troubled debt restructuring that has not met minimum payment requirements, a loan with a partial charge-off, an equity loan or line of credit with a delinquent first mortgage greater than 90 days, or a loan in Chapter 7 bankruptcy status where all borrowers have been discharged of their obligation. The number of days past due is determined by the number of scheduled payments that remain unpaid, assuming a period of 30 days between each scheduled payment. | |||||||||||||||||||||||||||||
An age analysis of the recorded investment in loan receivables that are past due at September 30, 2013 and 2012 is summarized in the following tables. When a loan is more than one month past due on its scheduled payments, the loan is considered 30 days or more past due. Balances are net of deferred fees and any applicable loans-in-process. | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past | Current | Total | ||||||||||||||||||||||||
Past Due | Past Due | or More | Due | ||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 15,398 | $ | 4,874 | $ | 56,484 | $ | 76,756 | $ | 8,024,657 | $ | 8,101,413 | |||||||||||||||||
Residential Home Today | 8,597 | 5,989 | 18,341 | 32,927 | 142,666 | 175,593 | |||||||||||||||||||||||
Home equity loans and lines of credit | 7,495 | 4,776 | 12,042 | 24,313 | 1,841,111 | 1,865,424 | |||||||||||||||||||||||
Construction | — | — | 41 | 41 | 30,032 | 30,073 | |||||||||||||||||||||||
Total real estate loans | 31,490 | 15,639 | 86,908 | 134,037 | 10,038,466 | 10,172,503 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 4,100 | 4,100 | |||||||||||||||||||||||
Total | $ | 31,490 | $ | 15,639 | $ | 86,908 | $ | 134,037 | $ | 10,042,566 | $ | 10,176,603 | |||||||||||||||||
30-59 | 60-89 | 90 Days | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | or More | Due | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | |||||||||||||||||||||||||||
September 30, 2012 | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 15,015 | $ | 10,661 | $ | 74,807 | $ | 100,483 | $ | 7,818,927 | $ | 7,919,410 | |||||||||||||||||
Residential Home Today | 10,874 | 4,736 | 27,517 | 43,127 | 161,743 | 204,870 | |||||||||||||||||||||||
Home equity loans and lines of credit | 8,676 | 3,210 | 16,587 | 28,473 | 2,136,255 | 2,164,728 | |||||||||||||||||||||||
Construction | — | — | 377 | 377 | 31,456 | 31,833 | |||||||||||||||||||||||
Total real estate loans | 34,565 | 18,607 | 119,288 | 172,460 | 10,148,381 | 10,320,841 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 4,612 | 4,612 | |||||||||||||||||||||||
Total | $ | 34,565 | $ | 18,607 | $ | 119,288 | $ | 172,460 | $ | 10,152,993 | $ | 10,325,453 | |||||||||||||||||
Activity in the allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||
For the Year Ended September 30, 2013 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 31,618 | $ | 18,467 | $ | (16,719 | ) | $ | 2,061 | $ | 35,427 | ||||||||||||||||||
Residential Home Today | 22,588 | 13,051 | (12,302 | ) | 775 | 24,112 | |||||||||||||||||||||||
Home equity loans and lines of credit | 45,508 | 5,889 | (23,543 | ) | 4,964 | 32,818 | |||||||||||||||||||||||
Construction | 750 | (407 | ) | (294 | ) | 131 | 180 | ||||||||||||||||||||||
Total real estate loans | 100,464 | 37,000 | (52,858 | ) | 7,931 | 92,537 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 100,464 | $ | 37,000 | $ | (52,858 | ) | $ | 7,931 | $ | 92,537 | ||||||||||||||||||
For the Year Ended September 30, 2012 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 49,484 | $ | 36,646 | $ | (55,362 | ) | $ | 850 | $ | 31,618 | ||||||||||||||||||
Residential Home Today | 31,025 | 34,616 | (43,215 | ) | 162 | 22,588 | |||||||||||||||||||||||
Home equity loans and lines of credit | 74,071 | 31,154 | (63,035 | ) | 3,318 | 45,508 | |||||||||||||||||||||||
Construction | 2,398 | (416 | ) | (1,268 | ) | 36 | 750 | ||||||||||||||||||||||
Total real estate loans | 156,978 | 102,000 | (162,880 | ) | 4,366 | 100,464 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 156,978 | $ | 102,000 | $ | (162,880 | ) | $ | 4,366 | $ | 100,464 | ||||||||||||||||||
For the Year Ended September 30, 2011 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 41,246 | $ | 25,704 | $ | (17,804 | ) | $ | 338 | $ | 49,484 | ||||||||||||||||||
Residential Home Today | 13,331 | 24,537 | (6,951 | ) | 108 | 31,025 | |||||||||||||||||||||||
Home equity loans and lines of credit | 73,780 | 49,784 | (51,414 | ) | 1,921 | 74,071 | |||||||||||||||||||||||
Construction | 4,882 | (1,525 | ) | (994 | ) | 35 | 2,398 | ||||||||||||||||||||||
Total real estate loans | 133,239 | 98,500 | (77,163 | ) | 2,402 | 156,978 | |||||||||||||||||||||||
Consumer and other loans | 1 | — | (1 | ) | — | — | |||||||||||||||||||||||
Total | $ | 133,240 | $ | 98,500 | $ | (77,164 | ) | $ | 2,402 | $ | 156,978 | ||||||||||||||||||
The recorded investment in loan receivables at September 30, 2013 and 2012 is summarized in the following table. The table provides details of the recorded balances according to the method of evaluation used for determining the allowance for loan losses, distinguishing between determinations made by evaluating individual loans and determinations made by evaluating groups of loans not individually evaluated. Balances of recorded investments are net of deferred fees and any applicable loans-in-process. | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 149,102 | $ | 7,952,311 | $ | 8,101,413 | $ | 165,121 | $ | 7,754,289 | $ | 7,919,410 | |||||||||||||||||
Residential Home Today | 79,065 | 96,528 | 175,593 | 95,355 | 109,515 | 204,870 | |||||||||||||||||||||||
Home equity loans and lines of credit | 34,387 | 1,831,037 | 1,865,424 | 37,016 | 2,127,712 | 2,164,728 | |||||||||||||||||||||||
Construction | 487 | 29,586 | 30,073 | 1,378 | 30,455 | 31,833 | |||||||||||||||||||||||
Total real estate loans | 263,041 | 9,909,462 | 10,172,503 | 298,870 | 10,021,971 | 10,320,841 | |||||||||||||||||||||||
Consumer and other loans | — | 4,100 | 4,100 | — | 4,612 | 4,612 | |||||||||||||||||||||||
Total | $ | 263,041 | $ | 9,913,562 | $ | 10,176,603 | $ | 298,870 | $ | 10,026,583 | $ | 10,325,453 | |||||||||||||||||
An analysis of the allowance for loan losses at September 30, 2013 and 2012 is summarized in the following table. The analysis provides details of the allowance for loan losses according to the method of evaluation, distinguishing between allowances for loan losses determined by evaluating individual loans and allowances for loan losses determined by evaluating groups of loans not individually evaluated. | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,138 | $ | 28,289 | $ | 35,427 | $ | 6,220 | $ | 25,398 | $ | 31,618 | |||||||||||||||||
Residential Home Today | 7,677 | 16,435 | 24,112 | 9,747 | 12,841 | 22,588 | |||||||||||||||||||||||
Home equity loans and lines of credit | 1,018 | 31,800 | 32,818 | 3,928 | 41,580 | 45,508 | |||||||||||||||||||||||
Construction | 5 | 175 | 180 | 41 | 709 | 750 | |||||||||||||||||||||||
Total real estate loans | 15,838 | 76,699 | 92,537 | 19,936 | 80,528 | 100,464 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 15,838 | $ | 76,699 | $ | 92,537 | $ | 19,936 | $ | 80,528 | $ | 100,464 | |||||||||||||||||
At September 30, 2013, individually evaluated loans that required an allowance were comprised only of loans evaluated for impairment based on the present value of cash flows such as performing troubled debt restructurings, performing second liens subordinate to first mortgages delinquent greater than 90 days and loans with a further deterioration in the fair value of collateral not yet identified as uncollectible. All other individually evaluated loans received a charge-off if applicable. | |||||||||||||||||||||||||||||
Because many variables are considered in determining the appropriate level of general valuation allowances, directional changes in individual considerations do not always align with the directional change in the balance of a particular component of the general valuation allowance. At September 30, 2013 and 2012, respectively, allowances on individually reviewed loans evaluated for impairment based on the present value of cash flows, such as performing troubled debt restructurings were $15,749 and $17,720; allowances on performing second liens subordinate to first mortgages delinquent greater than 90 days were $0 and $1,550; and allowances on loans with further deteriorations in the fair value of collateral not yet identified as uncollectible were $89 and $666. | |||||||||||||||||||||||||||||
Residential non-Home Today mortgage loans represent the largest piece of the residential real estate portfolio. The Company believes overall credit risk is low based on the nature, composition, collateral, products, lien position and performance of the portfolio. The portfolio does not include loan types or structures that have recently experienced severe performance problems at other financial institutions (sub-prime, no documentation or pay option adjustable rate mortgages). | |||||||||||||||||||||||||||||
As described earlier in this footnote, Home Today loans, particularly those originated prior to March 27, 2009, have greater credit risk than traditional residential real estate mortgage loans. At September 30, 2013 and 2012, respectively, approximately 50% and 54% of Home Today loans include private mortgage insurance coverage. The majority of the coverage on these loans was provided by PMI Mortgage Insurance Co., which the Arizona Department of Insurance seized in 2011 and indicated that all claims payments would be reduced by 50%. In March 2013, PMIC notified the Association that all payments would be paid at 55% of the claim with the remainder deferred. Appropriate adjustments have been made to all of the Association’s affected valuation allowances and charge-offs, as well as the estimated loss severity factors that are used for loans evaluated collectively. The amount of loans in our owned portfolio covered by mortgage insurance provided by PMIC as of September 30, 2013 and 2012, respectively, was $236,713 and $303,621 of which $214,920 and $273,225 was current. The amount of loans in our owned portfolio covered by mortgage insurance provided by Mortgage Guaranty Insurance Corporation as of September 30, 2013 and 2012, respectively, was $91,478 and $118,055 of which $90,099 and $116,132 was current. As of September 30, 2013, MGIC's long-term debt rating, as published by the major credit rating agencies, did not meet the requirements to qualify as "investment grade"; however, MGIC continues to make claims payments in accordance with its contractual obligations and the Association has not increased its estimated loss given default factors related to MGIC's claim paying ability. No other loans were covered by mortgage insurers that were deferring claim payments or which we assessed as being non-investment grade. | |||||||||||||||||||||||||||||
Home equity lines of credit represent a significant portion of the residential real estate portfolio. The state of the economy and low housing prices continue to have an adverse impact on this portfolio since the home equity lines generally are in a second lien position. When the Association began to offer new home equity lines of credit again, the product was designed with prudent property and credit performance conditions to reduce future risk. | |||||||||||||||||||||||||||||
Construction loans generally have greater credit risk than traditional residential real estate mortgage loans. The repayment of these loans depends upon the sale of the property to third parties or the availability of permanent financing upon completion of all improvements. In the event the Association makes a loan on property that is not yet approved for the planned development, there is the risk that approvals will not be granted or will be delayed. These events may adversely affect the borrower and the collateral value of the property. Construction loans also expose the Association to the risk that improvements will not be completed on time in accordance with specifications and projected costs. In addition, the ultimate sale or rental of the property may not occur as anticipated. Effective August 30, 2011, the Association made the strategic decision to exit the commercial construction loan business and ceased accepting new builder relationships. Builder commitments in place at that time were honored for a limited period, giving our customers the ability to secure new borrowing relationships. | |||||||||||||||||||||||||||||
Consumer loans are comprised of loans secured by certificate of deposit accounts, which are fully recoverable in the event of non-payment. | |||||||||||||||||||||||||||||
The recorded investment and the unpaid principal balance of impaired loans, including those whose terms have been modified in troubled debt restructurings, as of September 30, 2013 and 2012 are summarized as follows. Balances of recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 86,040 | $ | 114,799 | $ | — | $ | 96,227 | $ | 126,806 | $ | — | |||||||||||||||||
Residential Home Today | 33,163 | 66,366 | — | 36,578 | 68,390 | — | |||||||||||||||||||||||
Home equity loans and lines of credit | 27,494 | 58,267 | — | 24,397 | 41,974 | — | |||||||||||||||||||||||
Construction | 422 | 544 | — | 970 | 1,349 | — | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 147,119 | $ | 239,976 | $ | — | $ | 158,172 | $ | 238,519 | $ | — | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 63,062 | $ | 64,468 | $ | 7,138 | $ | 68,894 | $ | 70,577 | $ | 6,220 | |||||||||||||||||
Residential Home Today | 45,902 | 46,698 | 7,677 | 58,777 | 60,104 | 9,747 | |||||||||||||||||||||||
Home equity loans and lines of credit | 6,893 | 6,996 | 1,018 | 12,619 | 13,554 | 3,928 | |||||||||||||||||||||||
Construction | 65 | 65 | 5 | 408 | 408 | 41 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 115,922 | $ | 118,227 | $ | 15,838 | $ | 140,698 | $ | 144,643 | $ | 19,936 | |||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 149,102 | $ | 179,267 | $ | 7,138 | $ | 165,121 | $ | 197,383 | $ | 6,220 | |||||||||||||||||
Residential Home Today | 79,065 | 113,064 | 7,677 | 95,355 | 128,494 | 9,747 | |||||||||||||||||||||||
Home equity loans and lines of credit | 34,387 | 65,263 | 1,018 | 37,016 | 55,528 | 3,928 | |||||||||||||||||||||||
Construction | 487 | 609 | 5 | 1,378 | 1,757 | 41 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 263,041 | $ | 358,203 | $ | 15,838 | $ | 298,870 | $ | 383,162 | $ | 19,936 | |||||||||||||||||
At September 30, 2013 and 2012, respectively, the recorded investment in impaired loans includes $201,692 and $221,399 of loans modified in troubled debt restructurings of which $30,550 and $39,127 are 90 days or more past due. | |||||||||||||||||||||||||||||
For all classes of loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and interest according to the contractual terms of the loan agreement. Factors considered in determining that a loan is impaired may include the deteriorating financial condition of the borrower indicated by missed or delinquent payments, a pending legal action, such as bankruptcy or foreclosure, or the absence of adequate security for the loan. | |||||||||||||||||||||||||||||
Charge-offs on residential mortgage loans, home equity loans and lines of credit, and construction loans are recognized when triggering events, such as foreclosure actions, short sales, or deeds accepted in lieu of repayment, result in less than full repayment of the recorded investment in the loans. | |||||||||||||||||||||||||||||
Partial or full charge-offs are also recognized for the amount of impairment on loans considered collateral dependent that meet the conditions described below. | |||||||||||||||||||||||||||||
• | For residential mortgage loans, payments are greater than 180 days delinquent; | ||||||||||||||||||||||||||||
• | For home equity lines of credit, equity loans, and residential loans modified in a troubled debt restructuring, payments are greater than 90 days delinquent; | ||||||||||||||||||||||||||||
• | For construction loans to builders, the loan is greater than 90 days delinquent or a review of the borrowers' current financial information calls into question the borrowers' ability to meet the contractual obligations of the loan; | ||||||||||||||||||||||||||||
• | For all classes of loans, a sheriff sale is scheduled within 60 days to sell the collateral securing the loan; | ||||||||||||||||||||||||||||
• | For all classes of loans, all borrowers have been discharged of their obligation through a chapter 7 bankruptcy; | ||||||||||||||||||||||||||||
• | For all classes of loans, a borrower obligated on a loan has filed bankruptcy and the loan is greater than 30 days delinquent; | ||||||||||||||||||||||||||||
• | For all classes of loans, it becomes evident that a loss is probable. | ||||||||||||||||||||||||||||
Collateral dependent residential mortgage loans and construction loans are charged off to the extent the recorded investment in a loan, net of anticipated mortgage insurance claims, exceeds the fair value less costs to dispose of the underlying property. Home equity loans or lines of credit are charged off to the extent the recorded investment in the loan plus the balance of any senior liens exceeds the fair value less costs to dispose of the underlying property or management determines the collateral is not sufficient to satisfy the loan. A loan in any portfolio that is identified as collateral dependent will continue to be reported as impaired until it is no longer considered collateral dependent, is less than 30 days past due and does not have a prior charge-off. A loan in any portfolio that has a partial charge-off consequent to impairment evaluation will continue to be individually evaluated for impairment until, at a minimum, the impairment has been recovered. | |||||||||||||||||||||||||||||
The following summarizes the effective dates of charge-off policies that changed or were first implemented during the current and previous four fiscal years and the portfolios to which those policies apply. | |||||||||||||||||||||||||||||
Effective Date | Policy | Residential | Residential Home Today | Home Equity Lines of Credit | Home Equity Loans | Construction | |||||||||||||||||||||||
Non-Home Today | |||||||||||||||||||||||||||||
9/30/12 | Pursuant to an OCC directive, a loan is considered collateral dependent and any collateral shortfall is charged off when all borrowers obligated on a loan are discharged through Chapter 7 bankruptcy | X | X | X | X | X | |||||||||||||||||||||||
6/30/12 | Loans in any form of bankruptcy greater than 30 days past due are considered collateral dependent and any collateral shortfall is charged off | X | X | X | X | X | |||||||||||||||||||||||
12/31/11 | Pursuant to an OCC directive, impairment on collateral dependent loans previously recognized as SVAs were charged off. Charge-offs are recorded to recognize confirmed collateral shortfalls on impaired loans. (1) | X | X | X | X | X | |||||||||||||||||||||||
9/30/10 | Timing of impairment evaluation was accelerated to include equity loans greater than 90 days delinquent (2) | X | |||||||||||||||||||||||||||
-1 | Prior to 12/31/2011, partial charge-offs were not used, but a SVA was established when the recorded investment in the loan exceeded the fair value of the collateral less costs to dispose. Individual loans were only charged off when a triggering event occurred, such as a foreclosure action was culminated, a short sale was approved, or a deed was accepted in lieu of repayment. | ||||||||||||||||||||||||||||
-2 | Prior to 9/30/2010, impairment evaluations on equity loans were performed when the loan was greater than 180 days delinquent. | ||||||||||||||||||||||||||||
Loans modified in troubled debt restructurings that are not evaluated based on collateral are separately evaluated for impairment on a loan by loan basis at the time of restructuring and at each subsequent reporting date for as long as they are reported as troubled debt restructurings. The impairment evaluation is based on the present value of expected future cash flows discounted at the effective interest rate of the original loan. Expected future cash flows include a discount factor representing a potential for default. Valuation allowances are recorded for the excess of the recorded investments over the result of the cash flow analysis. Loans discharged in Chapter 7 bankruptcy are reported as troubled debt restructurings and also evaluated based on the expected future cash flows unless evaluated based on collateral. Consumer loans are not considered for restructuring. A loan modified in a troubled debt restructuring is classified as an impaired loan for a minimum of one year. After one year, a loan is no longer included in the balance of impaired loans if the loan was modified to yield a market rate for loans of similar credit risk at the time of restructuring and the loan is not impaired based on the terms of restructuring agreement. No troubled debt restructurings were reclassified out of impaired loans during the years ended September 30, 2013, 2012 and 2011. | |||||||||||||||||||||||||||||
The average recorded investment in impaired loans and the amount of interest income recognized during the time within the period that the loans were impaired are summarized below. Beginning for the three months ended June 30, 2011, the reported amount of interest income recognized includes interest income on all impaired loans. Prior to that period, the reported amount included interest income from only impaired loans with an allowance, resulting in a reported amount that was less than, but not materially different from, the actual amount of interest income recognized. Balances of average recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||
For the Year Ended September 30, | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | ||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | ||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 91,134 | $ | 1,169 | $ | 64,470 | $ | 854 | $ | 36,072 | $ | 363 | |||||||||||||||||
Residential Home Today | 34,871 | 234 | 22,596 | 513 | 23,036 | 144 | |||||||||||||||||||||||
Home equity loans and lines of credit | 25,946 | 467 | 18,259 | 293 | 16,249 | 95 | |||||||||||||||||||||||
Construction | 696 | 18 | 884 | 36 | 495 | 6 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 152,647 | $ | 1,888 | $ | 106,209 | $ | 1,696 | $ | 75,852 | $ | 608 | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 65,978 | $ | 3,198 | $ | 98,053 | $ | 3,164 | $ | 117,392 | $ | 2,584 | |||||||||||||||||
Residential Home Today | 52,340 | 2,487 | 92,272 | 2,625 | 109,015 | 2,689 | |||||||||||||||||||||||
Home equity loans and lines of credit | 9,756 | 266 | 20,118 | 227 | 31,674 | 256 | |||||||||||||||||||||||
Construction | 237 | 10 | 2,670 | 36 | 6,310 | 70 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 1 | — | |||||||||||||||||||||||
Total | $ | 128,311 | $ | 5,961 | $ | 213,113 | $ | 6,052 | $ | 264,392 | $ | 5,599 | |||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 157,112 | $ | 4,367 | $ | 162,523 | $ | 4,018 | $ | 153,464 | $ | 2,947 | |||||||||||||||||
Residential Home Today | 87,211 | 2,721 | 114,868 | 3,138 | 132,051 | 2,833 | |||||||||||||||||||||||
Home equity loans and lines of credit | 35,702 | 733 | 38,377 | 520 | 47,923 | 351 | |||||||||||||||||||||||
Construction | 933 | 28 | 3,554 | 72 | 6,805 | 76 | |||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 1 | — | |||||||||||||||||||||||
Total | $ | 280,958 | $ | 7,849 | $ | 319,322 | $ | 7,748 | $ | 340,244 | $ | 6,207 | |||||||||||||||||
The amount of interest income on impaired loans recognized using a cash-basis method is $1,463 and $1,734 for the years ended September 30, 2013 and 2012, respectively, and not considered materially different from $1,064 for the year ended September 30, 2011. | |||||||||||||||||||||||||||||
The recorded investment in troubled debt restructurings as of September 30, 2013 and September 30, 2012 is shown in the tables below. | |||||||||||||||||||||||||||||
September 30, 2013 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 17,861 | $ | 1,670 | $ | 12,773 | $ | 21,227 | $ | 17,733 | $ | 39,530 | $ | 110,794 | |||||||||||||||
Residential Home Today | 14,855 | 131 | 9,107 | 18,331 | 20,998 | 6,547 | 69,969 | ||||||||||||||||||||||
Home equity loans and lines of credit | 82 | 596 | 675 | 225 | 561 | 18,512 | 20,651 | ||||||||||||||||||||||
Construction | — | 278 | — | — | — | — | 278 | ||||||||||||||||||||||
Total | $ | 32,798 | $ | 2,675 | $ | 22,555 | $ | 39,783 | $ | 39,292 | $ | 64,589 | $ | 201,692 | |||||||||||||||
September 30, 2012 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 22,039 | $ | 2,802 | $ | 17,106 | $ | 20,787 | $ | 9,438 | $ | 45,861 | $ | 118,033 | |||||||||||||||
Residential Home Today | 21,977 | 360 | 13,991 | 27,058 | 11,960 | 6,548 | 81,894 | ||||||||||||||||||||||
Home equity loans and lines of credit | 105 | 646 | 960 | 257 | 384 | 18,334 | 20,686 | ||||||||||||||||||||||
Construction | — | 634 | — | — | — | 152 | 786 | ||||||||||||||||||||||
Total | $ | 44,121 | $ | 4,442 | $ | 32,057 | $ | 48,102 | $ | 21,782 | $ | 70,895 | $ | 221,399 | |||||||||||||||
For all loans modified during the years ended September 30, 2013, 2012 and 2011 (set forth in the tables below), the pre-modification outstanding recorded investment was not materially different from the post-modification outstanding recorded investment. | |||||||||||||||||||||||||||||
The following tables set forth the recorded investment in troubled debt restructured loans modified during the years presented, according to the types of concessions granted. Reported values for the fiscal year ended September 30, 2011 have not been adjusted for discharged Chapter 7 bankruptcies that were reclassified as troubled debt restructurings per the OCC interpretive guidance issued in July 2012. | |||||||||||||||||||||||||||||
For the Year Ended September 30, 2013 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 3,470 | $ | — | $ | — | $ | 5,108 | $ | 4,957 | $ | 8,156 | $ | 21,691 | |||||||||||||||
Residential Home Today | 409 | — | — | 693 | 8,433 | 1,517 | 11,052 | ||||||||||||||||||||||
Home equity loans and lines of credit | 13 | 129 | — | 67 | 117 | 3,673 | 3,999 | ||||||||||||||||||||||
Construction | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 3,892 | $ | 129 | $ | — | $ | 5,868 | $ | 13,507 | $ | 13,346 | $ | 36,742 | |||||||||||||||
For the Year Ended September 30, 2012 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,965 | $ | 521 | $ | 1,812 | $ | 8,668 | $ | 3,287 | $ | 12,671 | $ | 34,924 | |||||||||||||||
Residential Home Today | 1,793 | 88 | 1,821 | 2,768 | 4,313 | 2,308 | 13,091 | ||||||||||||||||||||||
Home equity loans and lines of credit | 46 | 13 | 60 | 30 | 231 | 4,435 | 4,815 | ||||||||||||||||||||||
Construction | — | — | — | — | — | 153 | 153 | ||||||||||||||||||||||
Total | $ | 9,804 | $ | 622 | $ | 3,693 | $ | 11,466 | $ | 7,831 | $ | 19,567 | $ | 52,983 | |||||||||||||||
For the Year Ended September 30, 2011 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Total | ||||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,447 | $ | 669 | $ | 5,864 | $ | 3,369 | $ | 5,289 | $ | 22,638 | |||||||||||||||||
Residential Home Today | 9,535 | 407 | 6,194 | 4,776 | 8,224 | 29,136 | |||||||||||||||||||||||
Home equity loans and lines of credit | 115 | — | 423 | 164 | 261 | 963 | |||||||||||||||||||||||
Construction | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 17,097 | $ | 1,076 | $ | 12,481 | $ | 8,309 | $ | 13,774 | $ | 52,737 | |||||||||||||||||
Troubled debt restructured loans may be modified more than once. Among other requirements, a re-modification may be available for a borrower upon the expiration of temporary modification terms if the borrower cannot return to regular loan payments. If the borrower is experiencing an income curtailment that temporarily has reduced his/her capacity to repay, such as loss of employment, reduction of hours, non-paid leave or short term disability, a temporary modification is considered. If the borrower lacks the capacity to repay the loan at the current terms due to a permanent condition, a permanent modification is considered. In evaluating the need for a re-modification, the borrower’s ability to repay is generally assessed utilizing a debt to income and cash flow analysis. As the economy slowly improves, the need for re-modifications continues to linger. Beginning with the quarter ended December 31, 2012, loans discharged in Chapter 7 bankruptcy are classified as multiple modifications if the loan's original terms had also been modified by the Association. | |||||||||||||||||||||||||||||
The following table provides information on troubled debt restructured loans modified within the last 12 months that defaulted, or were at least 30 days past due on one scheduled payment, during the period presented. | |||||||||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2011 | |||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | |||||||||||||||||||||||||||
Residential non-Home Today | 61 | $ | 6,709 | 87 | $ | 9,917 | 19 | $ | 3,305 | ||||||||||||||||||||
Residential Home Today | 70 | 3,368 | 77 | 4,427 | 64 | 6,257 | |||||||||||||||||||||||
Home equity loans and lines of credit | 68 | 1,277 | 41 | 1,764 | 2 | 160 | |||||||||||||||||||||||
Construction | — | — | 3 | 153 | — | — | |||||||||||||||||||||||
Total | 199 | $ | 11,354 | 208 | $ | 16,261 | 85 | $ | 9,722 | ||||||||||||||||||||
The following tables provide information about the credit quality of residential loan receivables by an internally assigned grade. Balances are net of deferred fees and any applicable LIP. | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,004,890 | $ | — | $ | 96,523 | $ | — | $ | 8,101,413 | |||||||||||||||||||
Residential Home Today | 139,481 | — | 36,112 | — | 175,593 | ||||||||||||||||||||||||
Home equity loans and lines of credit | 1,822,371 | 9,223 | 33,830 | — | 1,865,424 | ||||||||||||||||||||||||
Construction | 29,651 | — | 422 | — | 30,073 | ||||||||||||||||||||||||
Total | $ | 9,996,393 | $ | 9,223 | $ | 166,887 | $ | — | $ | 10,172,503 | |||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,812,028 | $ | — | $ | 107,382 | $ | — | $ | 7,919,410 | |||||||||||||||||||
Residential Home Today | 163,332 | — | 41,538 | — | 204,870 | ||||||||||||||||||||||||
Home equity loans and lines of credit | 2,118,926 | 9,868 | 35,934 | — | 2,164,728 | ||||||||||||||||||||||||
Construction | 30,850 | — | 983 | — | 31,833 | ||||||||||||||||||||||||
Total | $ | 10,125,136 | $ | 9,868 | $ | 185,837 | $ | — | $ | 10,320,841 | |||||||||||||||||||
Residential loans are internally assigned a grade that complies with the guidelines outlined in the OCC’s Handbook for Rating Credit Risk. Pass loans are assets well protected by the current paying capacity of the borrower. Special Mention loans have a potential weakness that the Association feels deserve management’s attention and may result in further deterioration in their repayment prospects and/or the Association’s credit position. Substandard loans are inadequately protected by the current payment capacity of the borrower or the collateral pledged with a defined weakness that jeopardizes the liquidation of the debt. Also included in Substandard are performing home equity loans and lines of credit where the customer has a severely delinquent first mortgage to which the performing home equity loan or line of credit is subordinate and loans in Chapter 7 bankruptcy status where all borrowers have had their obligations discharged, and have not reaffirmed the debt. Loss loans are considered uncollectible and are charged off when identified. | |||||||||||||||||||||||||||||
At September 30, 2013 and 2012, respectively, the recorded investment of impaired loans includes $113,520 and $133,508 of troubled debt restructurings that are individually evaluated for impairment, but have adequately performed under the terms of the restructuring and are classified as pass loans. At September 30, 2013 and 2012, respectively, there are $17,396 and $20,475 of loans classified substandard and $9,193 and $9,868 of loans classified special mention that are not included in the recorded investment of impaired loans; rather, they are included in loans collectively evaluated for impairment. | |||||||||||||||||||||||||||||
Consumer loans are internally assigned a grade of nonperforming when they are considered 90 days or more past due. At September 30, 2013 and September 30, 2012, no consumer loans were graded as nonperforming. |
Mortgage_Loan_Servicing_Assets
Mortgage Loan Servicing Assets | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Disclosures Pertaining to Servicing Assets and Servicing Liabilities [Abstract] | ' | |||||||||||
Mortgage Loan Servicing Assets | ' | |||||||||||
MORTGAGE LOAN SERVICING ASSETS | ||||||||||||
The Company sells certain types of loans through whole loan sales and through securitizations. In each case, the Company retains a servicing interest in the loans or securitized loans. Certain assumptions and estimates are used to determine the fair value allocated to these retained interests at the date of transfer and at subsequent measurement dates. These assumptions and estimates include loan repayment rates and discount rates. | ||||||||||||
Changes in interest rates can affect the average life of loans and mortgage-backed securities and the related servicing assets. A reduction in interest rates normally results in increased prepayments, as borrowers refinance their debt in order to reduce their borrowing costs. This creates reinvestment risk, which is the risk that the Company may not be able to reinvest the proceeds of loan and securities prepayments at rates that are comparable to the rates earned on the loans or securities prior to receipt of the repayment. | ||||||||||||
During 2013, 2012 and 2011, $349,192, $11,363 and $33,554, respectively, of mortgage loans were securitized and/or sold including accrued interest thereon. In these transactions, the Company retained residual interests in the form of mortgage loan servicing assets. Primary economic assumptions used to measure the value of the Company’s retained interests at the date of sale resulting from the completed transactions were as follows (per annum): | ||||||||||||
2013 | 2012 | |||||||||||
Primary prepayment speed assumptions (weighted average annual rate) | 22.1 | % | 26.3 | % | ||||||||
Weighted average life (years) | 24.8 | 24 | ||||||||||
Amortized cost to service loans (weighted average) | 0.12 | % | 0.12 | % | ||||||||
Weighted average discount rate | 12 | % | 12 | % | ||||||||
Key economic assumptions and the sensitivity of the current fair value of mortgage loan servicing assets to immediate 10% and 20% adverse changes in those assumptions are as presented in the following table. The three key economic assumptions that impact the valuation of the mortgage loan servicing rights are: (1) the prepayment speed, or how long the mortgage servicing right will be outstanding; (2) the estimate of servicing costs that will be incurred in fulfilling the mortgage servicing right responsibilities; and (3) the discount factor applied to future net cash flows to convert them to present value. The Company established these factors based on independent analysis of our portfolio and reviews these assumptions periodically to ensure that they reasonably reflect current market conditions and our loan portfolio experience. Additionally, to confirm the appropriateness of the Company's mortgage loan servicing rights valuation, an independent third party is engaged at least annually, and more frequently if warranted by market volatility, to value our mortgage loan servicing rights portfolio. The results of the third party valuation are compared and reconciled to the Company's valuation, thereby validating the Company's approach and assumptions. | ||||||||||||
September 30, 2013 | ||||||||||||
Fair value of mortgage loan servicing assets | $ | 28,784 | ||||||||||
Prepayment speed assumptions (weighted average annual rate) | 24.7 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (1,179 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (2,245 | ) | |||||||||
Estimated prospective annual cost to service loans (weighted average) | 0.12 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (2,872 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (5,745 | ) | |||||||||
Discount rate | 12 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (970 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (1,870 | ) | |||||||||
These sensitivities are hypothetical and should be used with caution. As indicated in the table above, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship in the change in assumption to the change in fair value may not be linear. Also, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which could magnify or counteract the sensitivities. | ||||||||||||
Servicing assets are evaluated periodically for impairment based on the fair value of those rights. Eighteen risk tranches are used in evaluating servicing rights for impairment, segregated primarily by interest rate stratum within original term to maturity categories with additional stratum for less uniform account types. | ||||||||||||
Activity in mortgage servicing assets is summarized as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance—beginning of year | $ | 19,613 | $ | 28,919 | $ | 38,658 | ||||||
Additions from loan securitizations/sales | 1,089 | 43 | 137 | |||||||||
Amortization | (6,628 | ) | (9,349 | ) | (9,894 | ) | ||||||
Net change in valuation allowance | — | — | 18 | |||||||||
Balance—end of year | $ | 14,074 | $ | 19,613 | $ | 28,919 | ||||||
Fair value of capitalized amounts | $ | 28,784 | $ | 25,294 | $ | 40,654 | ||||||
The Company receives annual servicing fees ranging from 0.12% to 0.31% of the outstanding loan balances. Servicing income, net of amortization of capitalized servicing assets, included in Non-interest income, amounted to $5,435 in 2013, $7,327 in 2012 and $11,392 in 2011. The unpaid principal balance of mortgage loans serviced for others was approximately $2,971,909, $3,810,786 and $5,434,138 at September 30, 2013, 2012 and 2011, respectively. The ratio of capitalized servicing assets to the unpaid principal balance of mortgage loans serviced for others was 0.47%, 0.52%, and 0.54% at September 30, 2013, 2012 and 2011, respectively. |
Premises_Equipment_And_Softwar
Premises, Equipment And Software, Net | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment, Net [Abstract] | ' | |||||||
Premises, Equipment And Software, Net | ' | |||||||
PREMISES, EQUIPMENT AND SOFTWARE, NET | ||||||||
Premises, equipment and software at cost are summarized as follows: | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Land | $ | 11,050 | $ | 7,714 | ||||
Office buildings | 69,643 | 75,999 | ||||||
Furniture, fixtures and equipment | 34,240 | 33,997 | ||||||
Software | 15,202 | 16,447 | ||||||
Leasehold improvements | 11,784 | 9,269 | ||||||
141,919 | 143,426 | |||||||
Less accumulated depreciation and amortization | (83,402 | ) | (82,276 | ) | ||||
Total | $ | 58,517 | $ | 61,150 | ||||
During the years ended September 30, 2013, 2012 and 2011, depreciation and amortization expense on premises, equipment, and software was $5,392, $5,414 and $5,485, respectively. | ||||||||
The Company leases certain of its branches under renewable operating lease agreements. Future minimum payments under non-cancelable operating leases with initial or remaining terms of one year or more consisted of the following at September 30, 2013: | ||||||||
Years Ended September 30, | ||||||||
2014 | $ | 4,245 | ||||||
2015 | 3,579 | |||||||
2016 | 2,866 | |||||||
2017 | 2,227 | |||||||
2018 | 1,634 | |||||||
Thereafter | 3,970 | |||||||
During the years ended September 30, 2013, 2012 and 2011, rental expense was $6,187, $6,019 and $5,983, respectively. | ||||||||
The Company, as lessor, leases certain commercial office buildings. The Company anticipates receiving future minimum payments of the following as of September 30, 2013: | ||||||||
Years Ended September 30, | ||||||||
2014 | $ | 1,210 | ||||||
2015 | 1,034 | |||||||
2016 | 975 | |||||||
2017 | 1,004 | |||||||
2018 | 1,004 | |||||||
Thereafter | 669 | |||||||
During each of the years ended September 30, 2013, 2012, and 2011, rental income was $1,254, $893 and $2,569 respectively, and appears in other non-interest income in the accompanying statements. |
Accrued_Interest_Receivable
Accrued Interest Receivable | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accrued Interest Receivable [Abstract] | ' | |||||||
Accrued Interest Receivable | ' | |||||||
ACCRUED INTEREST RECEIVABLE | ||||||||
Accrued interest receivable is summarized as follows: | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Investment securities | $ | 1,032 | $ | 980 | ||||
Loans | 30,456 | 33,906 | ||||||
Other | 1 | 1 | ||||||
Total | $ | 31,489 | $ | 34,887 | ||||
Deposits
Deposits | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Deposits [Abstract] | ' | ||||||||||||||||
Deposits | ' | ||||||||||||||||
DEPOSITS | |||||||||||||||||
Deposit account balances are summarized by interest rate as follows: | |||||||||||||||||
Stated | September 30, | ||||||||||||||||
Interest | 2013 | 2012 | |||||||||||||||
Rate | Amount | Percent | Amount | Percent | |||||||||||||
Negotiable order of withdrawal accounts | 0.00–0.30% | $ | 1,027,316 | 12.1 | % | $ | 1,006,125 | 11.2 | % | ||||||||
Savings accounts | 0.00–0.55 | 1,808,953 | 21.4 | 1,777,295 | 19.8 | ||||||||||||
Subtotal | 2,836,269 | 33.5 | 2,783,420 | 31 | |||||||||||||
Certificates of deposit | 0.00–0.99 | 2,276,511 | 26.9 | 1,961,447 | 21.8 | ||||||||||||
1.00–1.99 | 1,790,363 | 21.1 | 1,746,089 | 19.5 | |||||||||||||
2.00–2.99 | 732,648 | 8.6 | 900,178 | 10 | |||||||||||||
3.00–3.99 | 623,032 | 7.4 | 752,638 | 8.4 | |||||||||||||
4.00–4.99 | 157,126 | 1.9 | 586,986 | 6.5 | |||||||||||||
5.00 and above | 48,169 | 0.6 | 249,981 | 2.8 | |||||||||||||
5,627,849 | 66.5 | 6,197,319 | 69 | ||||||||||||||
Subtotal | 8,464,118 | 100 | 8,980,739 | 100 | |||||||||||||
Accrued interest | 381 | — | 680 | — | |||||||||||||
Total deposits | $ | 8,464,499 | 100 | % | $ | 8,981,419 | 100 | % | |||||||||
At September 30, 2013 and 2012, the weighted average interest rate was 0.2% and 0.4% on savings accounts, respectively; 0.1% and 0.3% on negotiable order of withdrawal accounts, respectively; 1.6% and 2.1% on certificates of deposit, respectively; and 1.1% and 1.5% on total deposits, respectively. | |||||||||||||||||
The aggregate amount of certificates of deposit in denominations of $100 or more totaled approximately $2,076,585 and $2,250,550 at September 30, 2013 and 2012, respectively. On July 21, 2010, the DFA was signed into law, which, in part, permanently increased the maximum amount of deposit insurance to $250 per depositor, retroactive to January 1, 2008. | |||||||||||||||||
Brokered certificates of deposit, which are used as a cost effective funding alternative, totaled $13,000 and $0 at September 30, 2013 and September 30, 2012, respectively. The FDIC places restrictions on banks with regard to issuing brokered deposits based on the bank's capital classification. A well-capitalized institution may accept brokered deposits without FDIC restrictions. An adequately capitalized institution must obtain a waiver from the FDIC in order to accept brokered deposits, while an undercapitalized institution is prohibited by the FDIC from accepting brokered deposits. | |||||||||||||||||
The scheduled maturity of certificates of deposit is as follows: | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amount | Percent | ||||||||||||||||
12 months or less | $ | 2,284,584 | 40.6 | % | |||||||||||||
13 to 24 months | 1,679,976 | 29.8 | % | ||||||||||||||
25 to 36 months | 529,329 | 9.4 | % | ||||||||||||||
37 to 48 months | 532,859 | 9.5 | % | ||||||||||||||
49 to 60 months | 501,230 | 8.9 | % | ||||||||||||||
Over 60 months | 99,871 | 1.8 | % | ||||||||||||||
Total | $ | 5,627,849 | 100 | % | |||||||||||||
Interest expense on deposits is summarized as follows: | |||||||||||||||||
Year Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Certificates of deposit | $ | 103,466 | $ | 142,728 | |||||||||||||
Negotiable order of withdrawal accounts | 2,273 | 2,839 | |||||||||||||||
Savings accounts | 5,669 | 7,533 | |||||||||||||||
Total | $ | 111,408 | $ | 153,100 | |||||||||||||
Borrowed_Funds
Borrowed Funds | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Advances from Federal Home Loan Banks [Abstract] | ' | ||||||
Borrowed Funds | ' | ||||||
BORROWED FUNDS | |||||||
Federal Home Loan Bank borrowings at September 30, 2013 are summarized in the table below: | |||||||
Amount | Weighted | ||||||
Average | |||||||
Rate | |||||||
Maturing in: | |||||||
2014 | $ | 357,000 | 0.4 | % | |||
2015 | 3,000 | 3.34 | % | ||||
2016 | 24,535 | 2.05 | % | ||||
2017 | 175,000 | 1.14 | % | ||||
2018 | 120,000 | 1.47 | % | ||||
thereafter | 65,126 | 1.36 | % | ||||
Total FHLB Advances | 744,661 | 0.9 | % | ||||
Accrued interest | 456 | ||||||
Total | $ | 745,117 | |||||
The Association’s maximum borrowing capacity at the FHLB, under the most restrictive measure, was an additional $185,747 at September 30, 2013. Pursuant to collateral agreements with FHLB of Cincinnati, advances are secured by a blanket lien on qualifying first mortgage loans. In addition to the existing available capacity, the Association’s capacity limit for additional borrowings from the FHLB of Cincinnati was $3,753,137 at September 30, 2013, subject to satisfaction of the FHLB of Cincinnati common stock ownership requirement. To satisfy the common stock ownership requirement, we would have to increase our ownership of FHLB of Cincinnati common stock by an additional $75,063. The terms of the advances include various restrictive covenants including limitations on the acquisition of additional debt in excess of specified levels. As of September 30, 2013, the Association was in compliance with all such covenants. The Association’s borrowing capacity at the FRB-Cleveland Discount Window was $178,950 at September 30, 2013. |
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||
Other Comprehensive Income (Loss) | ' | |||||||||||
OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||
The following table represents the components of other comprehensive income (loss) and the related tax effect allocated to component: | ||||||||||||
Before | Tax | Net of | ||||||||||
Tax | Effect | Tax | ||||||||||
Amount | ||||||||||||
2013 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | (7,302 | ) | $ | 2,556 | $ | (4,746 | ) | ||||
Reclassification adjustment for realized (gains)/losses included in net income | — | — | — | |||||||||
Net unrealized gain/(loss) from securities | (7,302 | ) | 2,556 | (4,746 | ) | |||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 1,828 | (640 | ) | 1,188 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial loss | 556 | (194 | ) | 362 | ||||||||
Realized loss due to settlement | 782 | (274 | ) | 508 | ||||||||
Net gain (loss) from pension plan | 3,166 | (1,108 | ) | 2,058 | ||||||||
Other comprehensive loss | $ | (4,136 | ) | $ | 1,448 | $ | (2,688 | ) | ||||
2012 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | 449 | $ | (157 | ) | $ | 292 | |||||
Transfer of investments from held to maturity to available for sale | 3,427 | (1,199 | ) | 2,228 | ||||||||
Net unrealized gain/(loss) from securities, net of reclassification adjustment | 3,876 | (1,356 | ) | 2,520 | ||||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 11,775 | (4,122 | ) | 7,653 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial loss | 571 | (199 | ) | 372 | ||||||||
Prior service benefit | (15 | ) | 5 | (10 | ) | |||||||
Realized gain due to curtailment | (267 | ) | 93 | (174 | ) | |||||||
Net gain (loss) from pension plan | 12,064 | (4,223 | ) | 7,841 | ||||||||
Other comprehensive income | $ | 15,940 | $ | (5,579 | ) | $ | 10,361 | |||||
2011 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | — | $ | — | $ | — | ||||||
Reclassification adjustment for realized (gains)/losses included in net income | — | — | — | |||||||||
Net unrealized gain/(loss) from securities, net of reclassification adjustment | — | — | — | |||||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 3,918 | (1,371 | ) | 2,547 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial gain | (1,120 | ) | 392 | (728 | ) | |||||||
Prior service benefit | (61 | ) | 21 | (40 | ) | |||||||
Net gain (loss) from pension plan | 2,737 | (958 | ) | 1,779 | ||||||||
Other comprehensive income | $ | 2,737 | $ | (958 | ) | $ | 1,779 | |||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
INCOME TAXES | ||||||||||||
The components of the income tax provision are as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current tax expense: | ||||||||||||
Federal | $ | 19,751 | $ | 21,305 | $ | 10,903 | ||||||
State | 165 | 98 | 75 | |||||||||
Deferred tax expense: | ||||||||||||
Federal | 6,486 | (19,270 | ) | (8,243 | ) | |||||||
Income tax provision | $ | 26,402 | $ | 2,133 | $ | 2,735 | ||||||
Reconciliation from tax at the statutory rate to the income tax provision is as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Tax at statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State tax, net | 0.1 | 0.5 | 0.4 | |||||||||
Insurance related amounts | (2.7 | ) | (16.7 | ) | (18.9 | ) | ||||||
Change in valuation allowance for deferred tax assets | — | (3.7 | ) | 5 | ||||||||
Other, net | (0.3 | ) | 0.6 | 1.1 | ||||||||
Income tax provision | 32.1 | % | 15.7 | % | 22.6 | % | ||||||
Temporary differences between the financial statement carrying amounts and tax basis of assets and liabilities that gave rise to significant portions of net deferred taxes relate to the following: | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Loan loss reserve | $ | 43,452 | $ | 50,341 | ||||||||
Deferred compensation | 11,024 | 8,946 | ||||||||||
Pension liability | 3,482 | 4,590 | ||||||||||
Property, equipment and software basis difference | 2,160 | 1,573 | ||||||||||
Pending REIT dividend | 112 | 493 | ||||||||||
Other | 5,190 | 4,958 | ||||||||||
Total deferred tax assets | 65,420 | 70,901 | ||||||||||
Deferred tax liabilities: | ||||||||||||
FHLB stock basis difference | 7,695 | 7,695 | ||||||||||
Mortgage servicing rights | 1,131 | 1,790 | ||||||||||
Goodwill | 3,162 | 2,836 | ||||||||||
Other | 3,351 | 3,461 | ||||||||||
Total deferred tax liabilities | 15,339 | 15,782 | ||||||||||
Net deferred tax asset | $ | 50,081 | $ | 55,119 | ||||||||
In the accompanying statement of condition the net deferred tax asset is included in Other assets. | ||||||||||||
A valuation allowance is established to reduce deferred tax assets if it is more likely than not that the related tax benefits will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The charitable contribution carryforward expired September 30, 2012. During the years ended September 30, 2012 and 2011, there was a net increase (decrease) in the valuation allowance related to the charitable contribution carryforward of $(500), and $600, respectively. | ||||||||||||
Retained earnings at September 30, 2013 and 2012 included approximately $104,861 for which no provision for federal income tax has been made. This amount represents allocations of income during years prior to 1988 to bad debt deductions for tax purposes only. These qualifying and nonqualifying base year reserves and supplemental reserves will be recaptured into income in the event of certain distributions and redemptions. Such recapture would create income for tax purposes only, which would be subject to the then current corporate income tax rate. However, recapture would not occur upon the reorganization, merger, or acquisition of the Association, nor if the Association is merged or liquidated tax-free into a bank or undergoes a charter change. If the Association fails to qualify as a bank or merges into a nonbank entity, these reserves will be recaptured into income. | ||||||||||||
The provisions of Accounting for Uncertainty in Income Taxes, codified within FASB ASC 740 “Income Taxes,” prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement for a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Tax positions must meet a more-likely-than-not recognition threshold in order for the related tax benefit to be recognized or continue to be recognized. As of September 30, 2013, 2012 and 2011, there were no unrecognized tax benefits. The Company does not anticipate the total amount of unrecognized tax benefits to significantly change within the next 12 months. | ||||||||||||
The Company recognizes interest and penalties on income tax assessments or income tax refunds, where applicable, in the financial statements as a component of its provision for income taxes. The Company recognized interest expense (benefit) of $(186), $1,013 and $0, net of tax, during the years ended September 30, 2013, 2012 and 2011, respectively. Total interest accrued was $0 and $729 at September 30, 2013 and 2012, respectively. | ||||||||||||
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and city jurisdictions. With few exceptions, the Company is no longer subject to federal and state income tax examinations for tax years prior to 2010. Federal income tax audits have been completed through September 30, 2010 and State of Ohio audits have been completed through September 30, 2011. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | |||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||
EMPLOYEE BENEFIT PLANS | ||||||||||||||||
Defined Benefit Plan—The Third Federal Savings Retirement Plan (the “Plan”) is a defined benefit pension plan. Effective December 31, 2002, the Plan was amended to limit participation to employees who met the Plan’s eligibility requirements on that date. Effective December 31, 2011, the Plan was amended to freeze future benefit accruals for participants in the Plan. After December 31, 2002, employees not participating in the Plan, upon meeting the applicable eligibility requirements, and those eligible participants who no longer receive service credits under the Plan, participate in a separate tier of the Company’s defined contribution 401(k) Savings Plan. Benefits under the Plan are based on years of service and the employee’s average annual compensation (as defined in the Plan) through December 31, 2011. The funding policy of the Plan is consistent with the funding requirements of U.S. federal and other governmental laws and regulations. As of December 31, 2011, the projected benefit obligation, as well as the unfunded liability recorded, was reduced by $16,149, the portion attributable to future salary increases. In fiscal year 2013, a settlement adjustment was recognized as a result of lump sum payments exceeding the sum of interest and service costs for the year. | ||||||||||||||||
The following table sets forth the change in projected benefit obligation for the defined benefit plan: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Projected benefit obligation at beginning of year | $ | 70,788 | $ | 75,768 | ||||||||||||
Service cost | — | 1,005 | ||||||||||||||
Interest cost | 2,938 | 2,952 | ||||||||||||||
Actuarial loss and other | 287 | 10,113 | ||||||||||||||
Plan amendment | — | (16,149 | ) | |||||||||||||
Settlement | (5,348 | ) | — | |||||||||||||
Benefits paid | (621 | ) | (2,901 | ) | ||||||||||||
Projected benefit obligation at end of year | $ | 68,044 | $ | 70,788 | ||||||||||||
The following table reconciles the beginning and ending balances of the fair value of plan assets and presents the funded status of the Plan recognized in the statement of condition at the September 30 measurement date: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Fair value of plan assets at beginning of the year | $ | 58,675 | $ | 47,684 | ||||||||||||
Actual return on plan assets | 6,231 | 9,465 | ||||||||||||||
Employer contributions | 2,000 | 4,427 | ||||||||||||||
Benefits paid | (621 | ) | (2,901 | ) | ||||||||||||
Settlement | (5,348 | ) | — | |||||||||||||
Fair value of plan assets at end of year | $ | 60,937 | $ | 58,675 | ||||||||||||
Funded status of the plan—asset/(liability) | $ | (7,107 | ) | $ | (12,113 | ) | ||||||||||
The components of net periodic benefit cost recognized in the statement of income are as follows: | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Service cost | $ | — | $ | 1,005 | $ | 4,337 | ||||||||||
Interest Cost | 2,938 | 2,952 | 3,641 | |||||||||||||
Expected return on plan assets | (4,116 | ) | (3,727 | ) | (3,365 | ) | ||||||||||
Amortization of net (gain)/loss and other | 556 | 572 | (1,120 | ) | ||||||||||||
Amortization of prior service benefit | — | (15 | ) | (61 | ) | |||||||||||
Recognized net gain due to curtailment | — | (267 | ) | — | ||||||||||||
Recognized net loss due to settlement | 782 | — | — | |||||||||||||
Net periodic benefit cost | $ | 160 | $ | 520 | $ | 3,432 | ||||||||||
Plan assets carried at fair value are classified into one of the three levels of the fair value hierarchy based on an assessment of inputs used in the valuation techniques. See Note. 16 Fair Value for additional information about fair value measurements, the fair value hierarchy, and a description of the inputs used within each level of the hierarchy. | ||||||||||||||||
Plan assets consist of investments in pooled separate accounts that invest in mutual funds, equity securities, debt securities, or real estate investments. Pooled separate accounts are valued at net asset value of shares held by the pension plan at the reporting date. Net asset value is categorized as a level 2 fair value measurement except when the investment so measured could not have been redeemed at net asset value as of the measurement date. At September 30, 2013 and 2012, there are no such restrictions on plan assets. Unless otherwise restricted, pooled separate accounts can be redeemed on a daily basis. | ||||||||||||||||
The following tables present the fair value of plan assets by asset category at the measurement date. | ||||||||||||||||
September 30, | Recurring Fair Value Measurements at Reporting Date Using | |||||||||||||||
2013 | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||
Asset Category: | ||||||||||||||||
U.S. large cap equity portfolios | $ | 19,508 | $ | — | $ | 19,508 | $ | — | ||||||||
U.S. small/mid cap equity portfolios | 5,152 | — | 5,152 | — | ||||||||||||
International equity portfolios | 8,434 | — | 8,434 | — | ||||||||||||
Debt securities(1) | 21,565 | — | 21,565 | — | ||||||||||||
Real estate investments portfolios | 6,278 | — | 6,278 | — | ||||||||||||
Total | $ | 60,937 | $ | — | $ | 60,937 | $ | — | ||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||
Asset Category: | ||||||||||||||||
U.S. large cap equity portfolios | $ | 18,701 | $ | — | $ | 18,701 | $ | — | ||||||||
U.S. small/mid cap equity portfolios | 4,455 | — | 4,455 | — | ||||||||||||
International equity portfolios | 7,259 | — | 7,259 | — | ||||||||||||
Debt securities(1) | 22,369 | — | 22,369 | — | ||||||||||||
Real estate investments portfolios | 5,891 | — | 5,891 | — | ||||||||||||
Total | $ | 58,675 | $ | — | $ | 58,675 | $ | — | ||||||||
______________________ | ||||||||||||||||
-1 | Includes pooled separate accounts that invest mainly in fixed income securities such as corporate bonds, asset backed securities, commercial mortgage backed securities or in a single mutual fund. | |||||||||||||||
The following table reconciles the beginning and ending balances for plan assets measured at fair value using significant unobservable inputs (Level 3): | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
Real estate investment portfolios | 2013 | 2012 | 2011 | |||||||||||||
Fair value at beginning of year | $ | — | $ | — | $ | 1,701 | ||||||||||
Actual return gains (losses) on plan assets | ||||||||||||||||
relating to assets sold or transferred during the period | — | — | 1,612 | |||||||||||||
Transfers in (out) of Level 3 | — | — | (3,313 | ) | ||||||||||||
Fair value at end of year | $ | — | $ | — | $ | — | ||||||||||
Asset allocation ranges have been established by broad asset categories. The ranges are designed to provide an appropriate balance between risk and return, while positioning Plan assets, over extended economic cycles, in a manner consistent with the long-term return assumptions used in measurements and valuations. For equity securities the target is 55% to 60% while the target for debt and real estate securities (including cash equivalents) is 40% to 45% . | ||||||||||||||||
The following additional information is provided with respect to the Plan: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Assumptions and dates used to determine benefit obligations: | ||||||||||||||||
Discount rate | 4.9 | % | 4.3 | % | 4.95 | % | ||||||||||
Rate of compensation increase | n/a | n/a | 4.55 | |||||||||||||
Census date | 1/1/13 | 1/1/12 | 1/1/11 | |||||||||||||
Assumptions used to determine net periodic benefit cost: | ||||||||||||||||
Discount rate | 4.3 | % | 4.95%/4.40% | 5.1 | % | |||||||||||
Long-term rate of return on plan assets | 7.5 | % | 7.5 | % | 7.5 | % | ||||||||||
Rate of compensation increase (graded scale) | n/a | 4.55 | 4.62 | |||||||||||||
The discount rate for fiscal year 2012 was 4.95% for the three months ended December 31, 2011, which was the date future benefit accruals were frozen and 4.40% for the remainder of the year. The expected long-term return on assets assumption has been derived based upon the average rates of earnings expected on the funds invested to provide for Plan benefits. Management evaluates the historical performance of the various asset categories, as well as current expectations in determining the adequacy of the assumed rates of return in meeting Plan obligations. If warranted, the assumption is modified. | ||||||||||||||||
The following table provides estimates of expected future benefit payments during each of the next five fiscal years, as well as in the aggregate for years six through ten. Additionally, the table includes the expected employer contribution during the next fiscal year. | ||||||||||||||||
Expected Benefit Payments During the Fiscal Years Ending September 30: | ||||||||||||||||
2014 | $ | 5,920 | ||||||||||||||
2015 | 3,700 | |||||||||||||||
2016 | 4,090 | |||||||||||||||
2017 | 4,440 | |||||||||||||||
2018 | 4,320 | |||||||||||||||
Aggregate expected benefit payments during the five fiscal year period beginning October 1, 2019, and ending September 30, 2023 | $ | 23,300 | ||||||||||||||
Minimum employer contributions expected to be paid during the fiscal year ending September 30, 2014 | $ | — | ||||||||||||||
Effective September 30, 2006, the Company adopted the provisions of FASB ASC 715 “Compensation – Retirement Benefits” which requires an employer to recognize the funded status of its Plan in the statement of financial condition by a charge to AOCI. AOCI includes the following items that have not yet been recognized as components of net periodic benefit cost as of the measurement date (there was no transition obligation at any date): | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Net actuarial loss | $ | 9,950 | $ | 13,116 | $ | 25,462 | ||||||||||
Prior service benefit | — | — | (282 | ) | ||||||||||||
Net amount recognized in AOCI | $ | 9,950 | $ | 13,116 | $ | 25,180 | ||||||||||
The Company expects that $296 of net actuarial losses will be recognized as AOCI components of net periodic benefit cost during the fiscal year ended September 30, 2014. | ||||||||||||||||
401(k) Savings Plan—The Company maintains a 401(k) savings plan that is comprised of three tiers. The first tier allows eligible employees to contribute up to 75% of their compensation to the plan, subject to limitations established by the Internal Revenue Service, with the Company matching 100% of up to 4% on funds contributed. The second tier permits the Company to make a profit-sharing contribution at its discretion. The first and second tiers cover substantially all employees who have reached age 21 and have worked 1,000 hours in one year of service. The third tier permits the Company to make discretionary contributions allocable to eligible employees including those eligible employees who are participants, but no longer receiving service credits, under the Company’s defined benefit pension plan. Voluntary contributions made by employees are vested at all times whereas Company contributions and Company matching contributions are subject to various vesting periods which range from immediately vested to fully vesting upon five years of service. | ||||||||||||||||
The total of the Company’s matching and discretionary contributions related to the 401(k) savings plan for the years ended September 30, 2013, 2012 and 2011 was $2,972, $2,717 and $1,943 respectively. | ||||||||||||||||
Employee (Associate) Stock Ownership Plan —The Company established an ESOP for its employees effective January 1, 2006. The ESOP is a tax-qualified plan designed to invest primarily in the Company’s common stock and provides employees with an opportunity to receive a funded retirement benefit, based primarily on the value of the Company’s common stock. The ESOP covers all eligible employees of the Company and its wholly-owned subsidiaries. Employees are eligible to participate in the ESOP after attainment of age 18, completion of 1,000 hours of service, and employment on the last day of the plan’s calendar year. Company contributions to the plan are at the discretion of the board of directors. The ESOP is accounted for in accordance with the provisions for stock compensation in FASB ASC 718. Compensation expense for the ESOP is based on the market price of the Company’s stock and is recognized as shares are committed to be released to participants. The total compensation expense related to this plan in the 2013, 2012 and 2011 fiscal years was $4,499, $4,004 and $3,222, respectively. | ||||||||||||||||
The ESOP was authorized to purchase, and did purchase, 11,605,824 shares of the Company’s common stock at a price of $10 per share with a 2006 plan year cash contribution and the proceeds of a loan from the Company to the ESOP. The outstanding loan principal balance as of September 30, 2013 and 2012 was $76,066 and $79,381, respectively. Shares of the Company’s common stock pledged as collateral for the loan are released from the pledge for allocation to participants as loan payments are made. At September 30, 2013, 4,239,049 shares have been allocated to participants and 325,005 shares were committed to be released. Shares that are committed to be released will be allocated to participants at the end of the plan year (December 31). ESOP shares that are unallocated or not yet committed to be released totaled 7,041,770 at September 30, 2013, and had a fair market value of $84,290. |
Equity_Incentive_Plan
Equity Incentive Plan | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Equity Incentive Plan [Abstract] | ' | ||||||||||||
Equity Incentive Plan | ' | ||||||||||||
EQUITY INCENTIVE PLAN | |||||||||||||
At a special meeting of shareholders held on May 29, 2008, shareholders of the Company approved the TFS Financial Corporation 2008 Equity Incentive Plan (the "Equity Plan”). The Company adopted the provisions related to share-based compensation in FASB ASC 718 and FASB ASC 505, upon approval of the Equity Plan, and began to expense the fair value of all share-based compensation granted over the requisite service periods. | |||||||||||||
During the year ended September 30, 2013, the Compensation Committee of the Company’s Board of Directors approved the issuance of an additional 583,500 stock options and 116,500 restricted stock units to certain officers and employees of the Company. The awards were made pursuant to the Equity Plan. | |||||||||||||
FASB ASC 718 requires the Company to report as a financing cash flow the benefits of realized tax deductions in excess of the deferred tax benefits previously recognized for compensation expense. There was no excess tax benefit for 2013, 2012 or 2011. | |||||||||||||
The stock options have a contractual term of 10 years and vest over a three to seven year service period. The Company recognizes compensation expense for the fair values of these awards, which have installment vesting, on a straight-line basis over the requisite service period of the awards. | |||||||||||||
Restricted stock units vest over a one to ten year service period. The product of the number of units granted and the grant date market price of the Company’s common stock determines the fair value of restricted stock units under the Equity Plan. The Company recognizes compensation expense for the fair value of restricted stock units on a straight-line basis over the requisite service period. | |||||||||||||
During the years ended September 30, 2013, 2012 and 2011, the Company recorded $6,703, $7,112 and $6,919, respectively, of share-based compensation expense, comprised of stock option expense of $3,303, $3,570 and $2,848, respectively and restricted stock units expense of $3,400, $3,542 and $4,071, respectively. The tax benefit recognized in net income related to share-based compensation expense was $2,099, $3,664 and $1,685, respectively. | |||||||||||||
The following is a summary of the status of the Company’s restricted stock units as of September 30, 2013 and changes therein during the year then ended: | |||||||||||||
Number of | Weighted | ||||||||||||
Shares | Average | ||||||||||||
Awarded | Grant Date | ||||||||||||
Fair Value | |||||||||||||
Outstanding at September 30, 2012 | 1,579,513 | $ | 10.96 | ||||||||||
Granted | 116,500 | 9.43 | |||||||||||
Exercised | (204,732 | ) | 11.47 | ||||||||||
Forfeited | (37,097 | ) | 11.34 | ||||||||||
Outstanding at September 30, 2013 | 1,454,184 | $ | 10.76 | ||||||||||
Vested and exercisable, at September 30, 2013 | 351,795 | $ | 11.94 | ||||||||||
Vested and expected to vest, at September 30, 2013 | 1,447,297 | $ | 10.77 | ||||||||||
The total fair value of restricted stock units vested during the years ended September 30, 2013, 2012 and 2011 was $2,921, $2,383, and $8,354, respectively. Expected future compensation expense relating to the non-vested restricted stock units at September 30, 2013 is $5,691 over a weighted average period of 2.12 years. | |||||||||||||
The following is a summary of the Company’s stock option activity and related information for the Equity Plan for the year ended September 30, 2013: | |||||||||||||
Number of | Weighted | Weighted | Aggregate | ||||||||||
Stock Options | Average | Average | Intrinsic | ||||||||||
Exercise | Remaining | Value | |||||||||||
Price | Contractual | ||||||||||||
Life | |||||||||||||
Outstanding at September 30, 2012 | 6,199,591 | $ | 11.28 | 6.7 | $ | 582 | |||||||
Granted | 583,500 | $ | 9.43 | ||||||||||
Exercised | (16,466 | ) | $ | 9.4 | $ | 31 | |||||||
Forfeited | (246,975 | ) | $ | 11.69 | $ | 60 | |||||||
Outstanding at September 30, 2013 | 6,519,650 | $ | 11.1 | 6 | $ | 6,484 | |||||||
Vested and exercisable at September 30, 2013 | 3,542,500 | $ | 11.83 | 5.4 | $ | 1,315 | |||||||
Vested or expected to vest at September 30, 2013 | 6,517,454 | $ | 11.1 | 6 | $ | 6,477 | |||||||
The fair value of the option grants was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. | |||||||||||||
2013 | 2012 | ||||||||||||
Expected dividend yield | — | % | — | % | |||||||||
Expected volatility | 26.89 | % | 28.54 | % | |||||||||
Risk-free interest rate | 0.98 | % | 1.19 | % | |||||||||
Expected option term (in years) | 6 | 6 | |||||||||||
The expected dividend yield was assumed to be 0% since no dividends have been paid since May 2010. Volatility of the company’s stock was used in the estimation of fair value. Management estimated the expected life of the options using the simplified method allowed under SEC Staff Accounting Bulletin 110, which expresses the views of the SEC regarding the use of a “simplified” method, as discussed in Staff Accounting Bulletin No. 107. The five and seven year Treasury yield in effect at the time of the grant provides the risk-free rate of return for periods within the expected term of the options. | |||||||||||||
The weighted average grant date fair value of options granted during the year ended September 30, 2013 and 2012 was $2.64 and $2.58 per share respectively. Expected future compensation expense relating to the non-vested options outstanding as of September 30, 2013 is $4,317 over a weighted average period of 1.74 years. Upon exercise of vested options, management expects to draw on treasury stock as the source of the shares. At September 30, 2013, the number of common shares authorized for award under the Equity Plan was 23,000,000, of which 13,966,831 shares remain available for future award. |
Commitments_And_Contingent_Lia
Commitments And Contingent Liabilities | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Commitments And Contingent Liabilities | ' | |||||||||||
COMMITMENTS AND CONTINGENT LIABILITIES | ||||||||||||
In the normal course of business, the Company enters into commitments with off-balance-sheet risk to meet the financing needs of its customers. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments to originate loans generally have fixed expiration dates of 60 to 360 days or other termination clauses and may require payment of a fee. Unfunded commitments related to home equity lines of credit generally expire from 5 to 10 years following the date that the line of credit was established, subject to various conditions including compliance with payment obligation, adequacy of collateral securing the line and maintenance of a satisfactory credit profile by the borrower. Since some of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. | ||||||||||||
Off-balance sheet commitments to extend credit involve elements of credit risk and interest rate risk in excess of the amount recognized in the consolidated statements of condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the commitment is represented by the contractual amount of the commitment. The Company generally uses the same credit policies in making commitments as it does for on-balance-sheet instruments. Interest rate risk on commitments to extend credit results from the possibility that interest rates may have moved unfavorably from the position of the Company since the time the commitment was made. | ||||||||||||
At September 30, 2013, the Company had commitments to originate loans as follows: | ||||||||||||
Fixed-rate mortgage loans | $ | 209,400 | ||||||||||
Adjustable-rate mortgage loans | 178,812 | |||||||||||
Equity loans and lines of credit including bridge loans | 11,170 | |||||||||||
Total | $ | 399,382 | ||||||||||
At September 30, 2013, the Company had unfunded commitments outstanding as follows: | ||||||||||||
Equity lines of credit | $ | 1,135,268 | ||||||||||
Construction loans | 42,019 | |||||||||||
Private equity investments | 12,941 | |||||||||||
Total | $ | 1,190,228 | ||||||||||
At September 30, 2013, the unfunded commitment on home equity lines of credit, including commitments for accounts suspended as a result of material default or a decline in equity, is $1,354,734. | ||||||||||||
The Company assumes mortgage guaranty insurance on an excess of loss basis for the mortgage guaranty risks of certain mortgage loans in its own portfolio, including Home Today loans and loans in its servicing portfolio, through reinsurance contracts with two primary mortgage insurance companies. Under these contracts, the Company absorbs mortgage insurance losses in a range of five to 12 percentage points in excess of the initial five percentage point loss layer of a given pool of loans, in exchange for a portion of the pool’s mortgage insurance premiums. The first five percent layer of loss must be exceeded before the Company assumes any liability. At September 30, 2013, the maximum losses under the reinsurance contracts were limited to $11,709. The Company has paid $5,538 of losses under these reinsurance contracts and has provided a liability for the remaining estimated losses totaling $2,158 as of September 30, 2013. When evaluating whether or not the reserves provide a reasonable provision for unpaid loss and loss adjustment expenses, it is necessary to project future loss and loss adjustment expense emergence and payments for loan delinquencies occurring through the balance sheet date. The actual future loss and loss adjustment expense may not develop as actuarially projected. They may in fact vary materially from the projections as mortgage insurance results are influenced by factors such as unemployment, housing market conditions and loan repayment rates. Management believes it has made adequate provision for estimated losses. Based upon notice from the Company’s two primary mortgage insurance companies, no new contracts are being added to the Company’s risk exposure. The Company’s insurance partners will retain all new mortgage insurance premiums and all new risk. | ||||||||||||
The following table summarizes the activity in the liability for unpaid losses and loss adjustment expenses: | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 3,351 | $ | 4,023 | $ | 5,082 | ||||||
Incurred increase (decrease) | 287 | 797 | (57 | ) | ||||||||
Paid claims | (1,480 | ) | (1,469 | ) | (1,002 | ) | ||||||
Balance, end of period | $ | 2,158 | $ | 3,351 | $ | 4,023 | ||||||
At September 30, 2013 and 2012, the Company had commitments to securitize and sell mortgage loans which totaled $3,295 and $2,830, respectively. | ||||||||||||
In management’s opinion, the above commitments will be funded through normal operations. |
Fair_Value
Fair Value | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value | ' | |||||||||||||||||||
FAIR VALUE | ||||||||||||||||||||
Under U.S. GAAP, fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date and a fair value framework is established whereby assets and liabilities measured at fair value are grouped into three levels of a fair value hierarchy, based on the transparency of inputs and the reliability of assumptions used to estimate fair value. The Company’s policy is to recognize transfers between levels of the hierarchy as of the end of the reporting period in which the transfer occurs. The three levels of inputs are defined as follows: | ||||||||||||||||||||
Level 1 – | quoted prices (unadjusted) for identical assets or liabilities in active markets. | |||||||||||||||||||
Level 2 – | quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets with few transactions, or model-based valuation techniques using assumptions that are observable in the market. | |||||||||||||||||||
Level 3 – | a company’s own assumptions about how market participants would price an asset or liability. | |||||||||||||||||||
As permitted under the fair value guidance in U.S. GAAP, the Company elects to measure at fair value mortgage loans classified as held for sale that are subject to pending agency contracts to securitize and sell loans. This election is expected to reduce volatility in earnings related to market fluctuations between the contract trade and settlement dates. At September 30, 2013 and 2012, respectively, there were $3,369 and $3,017 loans held for sale, with unpaid principal balances of $3,295 and $2,830, subject to pending agency contracts for which the fair value option was elected. For the years ended September 30, 2013, 2012 and 2011, net gain (loss) on the sale of loans includes $(113), $210 and $0, respectively, related to changes during the period in the fair value of loans held for sale subject to pending agency contracts. | ||||||||||||||||||||
Presented below is a discussion of the methods and significant assumptions used by the Company to estimate fair value. | ||||||||||||||||||||
Investment Securities Available for Sale—Investment securities available for sale are recorded at fair value on a recurring basis. At September 30, 2013 and 2012, respectively, this includes $471,901 and $413,729 of investments in U.S. government and agency obligations including U.S. Treasury notes and sequentially structured, highly liquid collateralized mortgage obligations issued by Fannie Mae, Freddie Mac, and Ginnie Mae and $5,475 and $7,701 of secured institutional money market deposits insured by the FDIC up to the current coverage limits, with any excess collateralized by the holding institution. Both are measured using the market approach. The fair values of treasury notes and collateralized mortgage obligations represent unadjusted price estimates obtained from third party independent nationally recognized pricing services using pricing models or quoted prices of securities with similar characteristics and are included in Level 2 of the hierarchy. At the time of initial measurement and, subsequently, when changes in methodologies occur, management obtains and reviews documentation of pricing methodologies used by third party pricing services to verify that prices are determined in accordance with fair value guidance in U.S. GAAP and to ensure that assets are properly classified in the fair value hierarchy. Additionally, third party pricing is reviewed on a monthly basis for reasonableness based on the market knowledge and experience of company personnel that interact daily with the markets for these types of securities. The carrying amount of the money market deposit accounts is considered a reasonable estimate of their fair value because they are cash deposits in interest bearing accounts valued at par. These accounts are included in Level 1 of the hierarchy. | ||||||||||||||||||||
Mortgage Loans Held for Sale—The fair value of mortgage loans held for sale is estimated using a market approach based on quoted secondary market pricing for loan portfolios with similar characteristics. Loans held for sale are carried at the lower of cost or fair value except, as described above, the Company elects the fair value measurement option for mortgage loans held for sale subject to pending agency contracts to securitize and sell loans. Loans held for sale are included in Level 2 of the hierarchy. At September 30, 2013 and 2012 there were $3,369 and $3,017, respectively, of loans held for sale measured at fair value and $810 and $121,511, respectively, of loans held for sale carried at cost. | ||||||||||||||||||||
Impaired Loans—Impaired loans represent certain loans held for investment that are subject to a fair value measurement under U.S. GAAP because they are individually evaluated for impairment and that impairment is measured using a fair value measurement, such as the observable market price of the loan or the fair value of the collateral less estimated costs to dispose. Impairment is measured using the market approach based on the fair value of the collateral less estimated costs to dispose for loans the Company considers to be collateral-dependent due to a delinquency status or other adverse condition severe enough to indicate that the borrower can no longer be relied upon as the continued source of repayment.These conditions are described more fully in Note 5. Loans and Allowance for Loan Losses. To calculate impairment of collateral-dependent loans, the fair market values of the collateral, estimated using exterior appraisals in the majority of instances, are reduced by calculated costs to dispose derived from historical experience and recent market conditions. Any indicated impairment is recognized by a charge to the allowance for loan losses. Subsequent increases in collateral values or principal pay downs on loans with recognized impairment could result in an impaired loan being carried below its fair value. When no impairment loss is indicated, the carrying amount is considered to approximate the fair value of that loan to the Company because contractually that is the maximum recovery the Company can expect. The recorded investment of loans individually evaluated for impairment based on the fair value of the collateral are included in Level 3 of the hierarchy with assets measured at fair value on a non-recurring basis. The range and weighted average impact of costs to dispose on fair values is determined at the time of impairment or when additional impairment is recognized and is included in quantitative information about significant unobservable inputs later in this note. | ||||||||||||||||||||
Loans held for investment that have been restructured in troubled debt restructurings and are performing according to the modified terms of the loan agreement are individually evaluated for impairment using the present value of future cash flows based on the loan’s effective interest rate, which is not a fair value measurement. At September 30, 2013 and 2012, respectively, this included $116,011 and $137,468 in recorded investment of troubled debt restructurings with related allowances for loss of $15,749 and $17,602. | ||||||||||||||||||||
Real Estate Owned—Real estate owned includes real estate acquired as a result of foreclosure or by deed in lieu of foreclosure and is carried at the lower of the cost basis or fair value less estimated costs to dispose. Fair value is estimated under the market approach using independent third party appraisals. As these properties are actively marketed, estimated fair values may be adjusted by management to reflect current economic and market conditions. At September 30, 2013 and 2012, these adjustments were not significant to reported fair values. At September 30, 2013 and 2012, respectively, $19,644 and $16,131 of real estate owned is included in Level 3 of the hierarchy with assets measured at fair value on a non-recurring basis where the cost basis equals or exceeds the estimate of fair values less costs to dispose of these properties. Real estate owned, as reported in the Consolidated Statements of Condition, includes estimated costs to dispose of $1,986 and $1,383 related to properties measured at fair value and $5,008 and $4,899 of properties carried at their original or adjusted cost basis at September 30, 2013 and 2012, respectively. | ||||||||||||||||||||
Derivatives—Derivative instruments include interest rate locks on commitments to originate loans for the held for sale portfolio and forward commitments on contracts to deliver mortgage loans. Derivatives are reported at fair value in other assets or other liabilities on the Consolidated Statement of Condition with changes in value recorded in current earnings. Fair value is estimated using a market approach based on quoted secondary market pricing for loan portfolios with characteristics similar to loans underlying the derivative contracts. The fair value of interest rate lock commitments is adjusted by a closure rate based on the estimated percentage of commitments that will result in closed loans. The range and weighted average impact of the closure rate is included in quantitative information about significant unobservable inputs later in this note. A significant change in the closure rate may result in a significant change in the ending fair value measurement of these derivatives relative to their total fair value. Because the closure rate is a significantly unobservable assumption, interest rate lock commitments are included in Level 3 of the hierarchy. Forward commitments on contracts to deliver mortgage loans are included in Level 2 of the hierarchy. | ||||||||||||||||||||
Assets and liabilities carried at fair value on a recurring basis in the Consolidated Statements of Condition at September 30, 2013 and September 30, 2012 are summarized below. | ||||||||||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,037 | $ | — | $ | 2,037 | $ | — | ||||||||||||
Freddie Mac certificates | 950 | — | 950 | — | ||||||||||||||||
Ginnie Mae certificates | 12,342 | — | 12,342 | — | ||||||||||||||||
REMIC’s | 444,577 | — | 444,577 | — | ||||||||||||||||
Fannie Mae certificates | 11,995 | — | 11,995 | — | ||||||||||||||||
Money market accounts | 5,475 | 5,475 | — | — | ||||||||||||||||
Mortgage loans held for sale | 3,369 | — | 3,369 | — | ||||||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | 158 | — | — | 158 | ||||||||||||||||
Total | $ | 480,903 | $ | 5,475 | $ | 475,270 | $ | 158 | ||||||||||||
Liabilities | ||||||||||||||||||||
Derivatives: | ||||||||||||||||||||
Forward commitments for the sale of mortgage loans | $ | 6 | $ | — | $ | 6 | $ | — | ||||||||||||
Total | $ | 6 | $ | — | $ | 6 | $ | — | ||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,056 | $ | — | $ | 2,056 | $ | — | ||||||||||||
Freddie Mac certificates | 989 | — | 989 | — | ||||||||||||||||
Ginnie Mae certificates | 16,786 | — | 16,786 | — | ||||||||||||||||
REMIC’s | 386,009 | — | 386,009 | — | ||||||||||||||||
Fannie Mae certificates | 7,889 | — | 7,889 | — | ||||||||||||||||
Money market accounts | 7,701 | 7,701 | — | — | ||||||||||||||||
Mortgage loans held for sale | $ | 3,017 | $ | — | $ | 3,017 | $ | — | ||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | $ | 404 | $ | — | $ | — | $ | 404 | ||||||||||||
Total | $ | 424,851 | $ | 7,701 | $ | 416,746 | $ | 404 | ||||||||||||
Liabilities | ||||||||||||||||||||
Derivatives: | ||||||||||||||||||||
Forward commitments for the sale of mortgage loans | 243 | — | 243 | — | ||||||||||||||||
Total | $ | 243 | $ | — | $ | 243 | $ | — | ||||||||||||
The table below presents a reconciliation of the beginning and ending balances and the location within the Consolidated Statements of Income where gains due to changes in fair value are recognized on interest rate lock commitments which are measured at fair value on a recurring basis using significant unobservable inputs (Level 3). | ||||||||||||||||||||
Interest Rate Lock Commitments | ||||||||||||||||||||
Year Ended September 30, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Beginning balance | $ | 404 | $ | — | $ | — | ||||||||||||||
(Loss) gain during the period due to changes in fair value: | ||||||||||||||||||||
Included in other non-interest income | (246 | ) | 404 | — | ||||||||||||||||
Ending balance | $ | 158 | $ | 404 | $ | — | ||||||||||||||
Change in unrealized gains for the period included in earnings for | $ | 158 | $ | 404 | $ | — | ||||||||||||||
assets held at end of the reporting date | ||||||||||||||||||||
Summarized in the tables below are those assets measured at fair value on a nonrecurring basis. This includes loans held for investment that are individually evaluated for impairment, excluding performing troubled debt restructurings valued using the present value of cash flow method, and properties included in real estate owned that are carried at fair value less estimated costs to dispose at the reporting date. | ||||||||||||||||||||
Nonrecurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Impaired loans, net of allowance | $ | 146,941 | $ | — | $ | — | $ | 146,941 | ||||||||||||
Real estate owned(1) | 19,644 | — | — | 19,644 | ||||||||||||||||
Total | $ | 166,585 | $ | — | $ | — | $ | 166,585 | ||||||||||||
______________________ | ||||||||||||||||||||
(1) Amounts represent fair value measurements of properties before deducting estimated costs to dispose. | ||||||||||||||||||||
Nonrecurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Impaired loans, net of allowance | $ | 159,069 | $ | — | $ | — | $ | 159,069 | ||||||||||||
Real estate owned(1) | 16,131 | — | — | 16,131 | ||||||||||||||||
Total | $ | 175,200 | $ | — | $ | — | $ | 175,200 | ||||||||||||
______________________ | ||||||||||||||||||||
(1) Amounts represent fair value measurements of properties before deducting estimated costs to dispose. | ||||||||||||||||||||
The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy. | ||||||||||||||||||||
Fair Value | Weighted | |||||||||||||||||||
9/30/13 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $146,941 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 9.30% | ||||||||||||||||
Interest rate lock commitments | $158 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 53.20% | |||||||||||||
Fair Value | Weighted | |||||||||||||||||||
9/30/12 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $159,069 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 10.50% | ||||||||||||||||
Interest rate lock commitments | $404 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 56.00% | |||||||||||||
The following table presents the estimated fair value of the Company’s financial instruments. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 34,694 | $ | 34,694 | $ | 34,694 | $ | — | $ | — | ||||||||||
Other interest bearing cash equivalents | 251,302 | 251,302 | 251,302 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 447,376 | 477,376 | 5,475 | 471,901 | — | |||||||||||||||
Mortgage loans held for sale | 4,179 | 4,222 | — | 4,222 | ||||||||||||||||
Loans-net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,079,966 | 10,344,246 | — | — | 10,344,246 | |||||||||||||||
Other loans | 4,100 | 4,353 | — | — | 4,353 | |||||||||||||||
Federal Home Loan Bank stock | 35,620 | 35,620 | N/A | — | — | |||||||||||||||
Private equity investments | 654 | 654 | — | — | 654 | |||||||||||||||
Accrued interest receivable | 31,489 | 31,489 | — | 31,489 | — | |||||||||||||||
Derivatives | 158 | 158 | — | — | 158 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,836,269 | $ | 2,836,269 | $ | — | $ | 2,836,269 | $ | — | ||||||||||
Certificates of deposit | 5,628,230 | 5,510,241 | — | 5,510,241 | — | |||||||||||||||
Borrowed funds | 745,117 | 745,294 | — | 745,294 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 71,388 | 71,388 | — | 71,388 | — | |||||||||||||||
Principal, interest and escrow owed on loans | 75,745 | 75,745 | — | 75,745 | — | |||||||||||||||
serviced | ||||||||||||||||||||
Derivatives | 6 | 6 | — | 6 | — | |||||||||||||||
September 30, 2012 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 38,914 | $ | 38,914 | $ | 38,914 | $ | — | $ | — | ||||||||||
Other interest bearing cash equivalents | 269,348 | 269,348 | 269,348 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 421,430 | 421,430 | 7,701 | 413,729 | — | |||||||||||||||
Mortgage loans held for sale | 124,528 | 129,358 | — | 129,358 | ||||||||||||||||
Loans-net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,220,377 | 10,630,220 | — | — | 10,630,220 | |||||||||||||||
Other loans | 4,612 | 4,957 | — | — | 4,957 | |||||||||||||||
Federal Home Loan Bank stock | 35,620 | 35,620 | N/A | — | — | |||||||||||||||
Private equity investments | 944 | 944 | — | — | 944 | |||||||||||||||
Accrued interest receivable | 34,887 | 34,887 | — | 34,887 | — | |||||||||||||||
Derivatives | 404 | 404 | — | — | 404 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,783,420 | $ | 2,783,420 | $ | — | $ | 2,783,420 | $ | — | ||||||||||
Certificates of deposit | 6,197,999 | 6,353,376 | — | 6,353,376 | — | |||||||||||||||
Borrowed funds | 488,191 | 490,880 | — | 490,880 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 67,864 | 67,864 | — | 67,864 | — | |||||||||||||||
Principal, interest and escrow owed on loans serviced | 127,539 | 127,539 | — | 127,539 | — | |||||||||||||||
Derivatives | 243 | 243 | — | 243 | — | |||||||||||||||
Presented below is a discussion of the valuation techniques and inputs used by the Company to estimate fair value. | ||||||||||||||||||||
Cash and Due from Banks, Interest Bearing Cash Equivalents—The carrying amount is a reasonable estimate of fair value. | ||||||||||||||||||||
Investment and Mortgage-Backed Securities—Estimated fair value for investment and mortgage-backed securities is based on quoted market prices, when available. If quoted prices are not available, management will use as part of their estimation process fair values which are obtained from third party independent nationally recognized pricing services using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. | ||||||||||||||||||||
Mortgage Loans Held for Sale— Fair value of mortgage loans held for sale is based on quoted secondary market pricing for loan portfolios with similar characteristics. | ||||||||||||||||||||
Loans—For mortgage loans held for investment and other loans, fair value is estimated by discounting contractual cash flows adjusted for prepayment estimates using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. The use of current rates to discount cash flows reflects current market expectations with respect to credit exposure. Impaired loans are measured at the lower of cost or fair value as described earlier in this footnote. | ||||||||||||||||||||
Federal Home Loan Bank Stock—It is not practical to estimate the fair value of FHLB stock due to restrictions on its transferability. The fair value is estimated to be the carrying value, which is par. All transactions in capital stock of the FHLB Cincinnati are executed at par. | ||||||||||||||||||||
Private Equity Investments—Private equity investments are initially valued based upon transaction price. The carrying value is subsequently adjusted when it is considered necessary based on current performance and market conditions. The carrying values are adjusted to reflect expected exit values. These investments are included in Other Assets in the accompanying Consolidated Statements of Condition at fair value. | ||||||||||||||||||||
Deposits—The fair value of demand deposit accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using discounted cash flows and rates currently offered for deposits of similar remaining maturities. | ||||||||||||||||||||
Borrowed Funds—Estimated fair value for borrowed funds is estimated using discounted cash flows and rates currently charged for borrowings of similar remaining maturities. | ||||||||||||||||||||
Accrued Interest Receivable, Borrowers’ Advances for Insurance and Taxes, and Principal, Interest and Escrow Owed on Loans Serviced—The carrying amount is a reasonable estimate of fair value. | ||||||||||||||||||||
Derivatives— Fair value is estimated based on the valuation techniques and inputs described earlier in this footnote. |
Derivative_Instruments
Derivative Instruments | 12 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||
Derivative Instruments | ' | |||||||||||||
DERIVATIVE INSTRUMENTS | ||||||||||||||
The Company has entered into forward commitments for the sale of mortgage loans principally to protect against the risk of adverse interest rate movements on net income. The Company recognizes the fair value of the contracts when the characteristics of those contracts meet the definition of a derivative. These derivatives are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. In addition, the Company enters into commitments to originate loans, which when funded, are classified as held for sale. Such commitments meet the definition of a derivative and are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. The Company had no derivatives designated as hedging instruments under FASB ASC 815, “Derivatives and Hedging,” at September 30, 2013 or 2012. | ||||||||||||||
The following tables provide the locations within the Consolidated Statements of Condition and the fair values for derivatives not designated as hedging instruments. | ||||||||||||||
Asset Derivatives | ||||||||||||||
At September 30, 2013 | At September 30, 2012 | |||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||
Interest rate lock commitments | Other Assets | $ | 158 | Other Assets | $ | 404 | ||||||||
Liability Derivatives | ||||||||||||||
At September 30, 2013 | At September 30, 2012 | |||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||
Forward commitments for the sale of mortgage loans | Other Liabilities | $ | 6 | Other Liabilities | $ | 243 | ||||||||
The following table summarizes the location and amount of the gains and losses recognized within the Consolidated Statements of Income on derivative instruments not designated as hedging instruments. | ||||||||||||||
Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | |||||||||||||
Recognized in Income | in Income on Derivative | |||||||||||||
Year Ended September 30, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Interest rate lock commitments | Other non-interest income | $ | (246 | ) | $ | 404 | $ | — | ||||||
Forward commitments for the sale of mortgage loans | Net gain (loss) on the sale of loans | 237 | (243 | ) | — | |||||||||
Total | $ | (9 | ) | $ | 161 | $ | — | |||||||
Parent_Company_Only_Financial_
Parent Company Only Financial Statements | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||
Parent Company Only Financial Statements | ' | |||||||||||
PARENT COMPANY ONLY FINANCIAL STATEMENTS | ||||||||||||
The following condensed financial statements for TFS Financial Corporation (parent company only) reflect the investments in, and transactions with, its wholly-owned subsidiaries. Intercompany activity is eliminated in the consolidated financial statements. | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | |||||||||||
Statements of Condition | ||||||||||||
Assets: | ||||||||||||
Cash and due from banks | $ | 2,099 | $ | 1,706 | ||||||||
Mortgage backed securities—available for sale | — | 390 | ||||||||||
Other loans: | ||||||||||||
Demand loan due from Third Federal Savings and Loan | 170,068 | 164,515 | ||||||||||
Employee Stock Ownership Plan (ESOP) loan receivable | 76,066 | 79,381 | ||||||||||
Accrued interest receivable | 1,851 | 1,933 | ||||||||||
Investments in: | ||||||||||||
Third Federal Savings and Loan | 1,589,298 | 1,526,125 | ||||||||||
Non-thrift subsidiaries | 78,010 | 77,496 | ||||||||||
Prepaid federal and state taxes | 1,898 | 1,267 | ||||||||||
Deferred income taxes | 2,494 | 1,534 | ||||||||||
Other assets | 4,957 | 4,945 | ||||||||||
Total assets | $ | 1,926,741 | $ | 1,859,292 | ||||||||
Liabilities and shareholders’ equity: | ||||||||||||
Line of credit due non-thrift subsidiary | $ | 53,120 | $ | 51,172 | ||||||||
Accrued expenses and other liabilities | 2,144 | 1,270 | ||||||||||
Total liabilities | 55,264 | 52,442 | ||||||||||
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | — | — | ||||||||||
Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 309,230,591 and 309,009,393 outstanding at September 30, 2013 and September 30, 2012, respectively | 3,323 | 3,323 | ||||||||||
Paid-in capital | 1,696,370 | 1,691,884 | ||||||||||
Treasury stock, at cost; 23,088,159 and 23,309,357 shares at September 30, 2013 and September 30, 2012, respectively | (278,215 | ) | (280,937 | ) | ||||||||
Unallocated ESOP shares | (70,418 | ) | (74,751 | ) | ||||||||
Retained earnings—substantially restricted | 529,021 | 473,247 | ||||||||||
Accumulated other comprehensive loss | (8,604 | ) | (5,916 | ) | ||||||||
Total shareholders’ equity | 1,871,477 | 1,806,850 | ||||||||||
Total liabilities and shareholders’ equity | $ | 1,926,741 | $ | 1,859,292 | ||||||||
Years Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statements of Comprehensive Income | ||||||||||||
Interest income: | ||||||||||||
Loans, including amortization of deferred costs | $ | — | $ | 3 | $ | 5 | ||||||
Demand loan due from Third Federal Savings and Loan | 203 | 164 | 203 | |||||||||
ESOP loan | 2,499 | 2,608 | 2,710 | |||||||||
Mortgage backed securities—available for sale | — | 6 | 11 | |||||||||
Total interest income | 2,702 | 2,781 | 2,929 | |||||||||
Interest expense: | ||||||||||||
Borrowed funds from non-thrift subsidiaries | 116 | 107 | 208 | |||||||||
Total interest expense | 116 | 107 | 208 | |||||||||
Net interest income | 2,586 | 2,674 | 2,721 | |||||||||
Non-interest income: | ||||||||||||
Intercompany service charges | 600 | 600 | 600 | |||||||||
Total other income | 600 | 600 | 600 | |||||||||
Non-interest expenses: | ||||||||||||
Salaries and employee benefits | 6,015 | 4,981 | 5,411 | |||||||||
Professional services | 904 | 980 | 972 | |||||||||
Office property and equipment | 13 | 13 | 13 | |||||||||
Other operating expenses | 40 | 20 | 68 | |||||||||
Total non-interest expenses | 6,972 | 5,994 | 6,464 | |||||||||
Loss before income taxes | (3,786 | ) | (2,720 | ) | (3,143 | ) | ||||||
Income tax benefit | (1,715 | ) | (1,951 | ) | (304 | ) | ||||||
Loss before undistributed earnings of subsidiaries | (2,071 | ) | (769 | ) | (2,839 | ) | ||||||
Equity in undistributed earnings of subsidiaries: | ||||||||||||
Third Federal Savings and Loan | 57,516 | 11,769 | 8,327 | |||||||||
Non-thrift subsidiaries | 514 | 479 | 3,852 | |||||||||
Net income | 55,959 | 11,479 | 9,340 | |||||||||
Change in net unrealized (losses) gains on securities available for sale | (4,746 | ) | 2,520 | — | ||||||||
Change in pension obligation | 2,058 | 7,841 | 1,779 | |||||||||
Total other comprehensive (loss) income | (2,688 | ) | 10,361 | 1,779 | ||||||||
Total comprehensive income | $ | 53,271 | $ | 21,840 | $ | 11,119 | ||||||
Years Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statements of Cash Flows | ||||||||||||
Cash flows from operating activities: | ||||||||||||
Net income | $ | 55,959 | $ | 11,479 | $ | 9,340 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Equity in undistributed earnings of subsidiaries: | ||||||||||||
Third Federal Savings and Loan | (57,516 | ) | (11,769 | ) | (8,327 | ) | ||||||
Non-thrift subsidiaries | (514 | ) | (479 | ) | (3,852 | ) | ||||||
Deferred income taxes | (960 | ) | 530 | 1,432 | ||||||||
Stock-based compensation expense | 3,010 | 2,787 | 3,372 | |||||||||
Excess tax benefit deficiency related to stock-based compensation | — | — | (230 | ) | ||||||||
Net increase in interest receivable and other assets | (561 | ) | (712 | ) | (364 | ) | ||||||
Net increase in accrued expenses and other liabilities | 874 | 65 | 561 | |||||||||
Other | 6 | (6 | ) | 46 | ||||||||
Net cash provided by operating activities | 298 | 1,895 | 1,978 | |||||||||
Cash flows from investing activities: | ||||||||||||
Principal collected on loans, net of originations | — | 42 | 4 | |||||||||
Proceeds from principal repayments and maturities of securities available for sale | 385 | 612 | 846 | |||||||||
(Increase) decrease in balances lent to Third Federal Savings and Loan | (5,553 | ) | (7,536 | ) | 143,422 | |||||||
Capital contributions to insured thrift institution subsidiaries | — | — | (150,000 | ) | ||||||||
Net cash used in investing activities | (5,168 | ) | (6,882 | ) | (5,728 | ) | ||||||
Cash flows from financing activities: | ||||||||||||
Principal reduction of ESOP loan | 3,315 | 3,210 | 3,109 | |||||||||
Net increase in borrowings from non-thrift subsidiaries | 1,948 | 2,420 | 1,506 | |||||||||
Net cash provided by financing activities | 5,263 | 5,630 | 4,615 | |||||||||
Net increase in cash and cash equivalents | 393 | 643 | 865 | |||||||||
Cash and cash equivalents—beginning of year | 1,706 | 1,063 | 198 | |||||||||
Cash and cash equivalents—end of year | $ | 2,099 | $ | 1,706 | $ | 1,063 | ||||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||
Earnings Per Share | ' | ||||||||||
EARNINGS PER SHARE | |||||||||||
Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. For purposes of computing earnings per share amounts, outstanding shares include shares held by the public, shares held by the ESOP that have been allocated to participants or committed to be released for allocation to participants, the 227,119,132 shares held by Third Federal Savings, MHC, and, for purposes of computing dilutive earnings per share, stock options and restricted stock units with a dilutive impact. At September 30, 2013 and 2012, respectively, the ESOP held 7,041,770 and 7,475,110 shares that were neither allocated to participants nor committed to be released to participants. | |||||||||||
The following is a summary of the Company’s earnings per share calculations. | |||||||||||
For the Year Ended September 30, 2013 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 55,959 | |||||||||
Less: income allocated to restricted stock units | 286 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 55,673 | 301,832,758 | $ | 0.18 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 914,008 | ||||||||||
Income available to common shareholders | $ | 55,673 | 302,746,766 | $ | 0.18 | ||||||
For the Year Ended September 30, 2012 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 11,479 | |||||||||
Less: income allocated to restricted stock units | 60 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 11,419 | 301,226,639 | $ | 0.04 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 543,699 | ||||||||||
Income available to common shareholders | $ | 11,419 | 301,770,338 | $ | 0.04 | ||||||
For the Year Ended September 30, 2011 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 9,340 | |||||||||
Less: income allocated to restricted stock units | 50 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 9,290 | 300,358,096 | $ | 0.03 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 611,748 | ||||||||||
Income available to common shareholders | $ | 9,290 | 300,969,844 | $ | 0.03 | ||||||
The following is a summary of outstanding stock options and restricted stock units that are excluded from the computation of diluted earnings per share because their inclusion would be anti-dilutive. | |||||||||||
For the Year Ended September 30, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Options to purchase shares | 5,297,050 | 6,199,591 | 5,005,925 | ||||||||
Restricted stock units | 20,000 | 30,000 | — | ||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
RELATED PARTY TRANSACTIONS | |
The Company has made loans and extensions of credit, in the ordinary course of business, to certain Directors. These loans were under normal credit terms, including interest rate and collateralization, and do not represent more than the normal risk of collection. The aggregate amount of loans to such related parties at September 30, 2013 and 2012 was $205 and $213, respectively. None of these loans were past due, considered impaired or on nonaccrual at September 30, 2013. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 12 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recent Accounting Pronouncements | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | |
Pending as of September 30, 2013 | |
In February 2013, the FASB issued Accounting Standards Update 2013-02, "Comprehensive Income (Topic 220), Reporting of Amounts Out of Accumulated Other Comprehensive Income" which supersedes ASU 2011-12, “Comprehensive Income (Topic 220), Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05” and the presentation requirements for reclassification out of accumulated other comprehensive income in ASU 2011-05 (described below). ASU 2013-02 requires entities to present separately significant amounts reclassified out of each component of OCI, either on the face of the statement where net income is presented or in the notes, if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other significant amounts, entities shall provide cross-references to the notes where additional details about the effect of the reclassifications are disclosed. The amendments are effective prospectively for reporting periods beginning after December 15, 2012, with early adoption permitted. The only impact of these amendments on the Company's consolidated financial statements will be a change in the presentation of OCI. | |
Adopted in fiscal year ended September 30, 2013 | |
FASB ASU 2011-05, “Presentation of Comprehensive Income” eliminates the option to present OCI in the statement of shareholders' equity and provides an entity the option to present the total of comprehensive income, the components of net income, and the components of OCI either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of OCI along with a total for OCI, and a total amount for comprehensive income. Regardless of whether an entity chooses to present comprehensive income in a single continuous statement or in two separate but consecutive statements, the entity is required to present on the face of the financial statements reclassification adjustments for items that are reclassified from OCI to net income in the statement(s). The amendments in this update were applied retrospectively for all periods presented and were effective for the Company for the interim and annual periods beginning October 1, 2012. The only impact of these amendments on the Company's consolidated financial statements was a change in the presentation of OCI. Beginning with the reporting period for the quarter ended December 31, 2012, the total of comprehensive income is presented in two separate but consecutive statements. | |
FASB ASU 2011-08, “Intangibles - Goodwill and Other (Topic 350): Testing Goodwill for Impairment” was issued in September 2011 to reduce the cost and complexity of performing the first step of the two-step goodwill impairment test. This amendment permits an entity to first assess qualitative factors to determine whether the existence of events or circumstances leads to a more likely than not (more than 50% likelihood) outcome that the fair value of the reporting unit is less than its carrying amount. The performance of the two-step impairment test becomes unnecessary if, after assessing the totality of events and circumstances, the entity determines that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount. The amendment was effective for fiscal years beginning after December 15, 2011. The October 1, 2012 adoption of this guidance did not have a material impact on the Company's consolidated financial statements. | |
The Company has determined that all other recently issued accounting pronouncements will not have a material impact on the Company's consolidated financial statements or do not apply to its operations. |
Selected_Quarterly_Data
Selected Quarterly Data | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Selected Quarterly Financial Information [Abstract] | ' | |||||||||||||||
Selected Quarterly Data (Unaudited) | ' | |||||||||||||||
SELECTED QUARTERLY DATA (UNAUDITED) | ||||||||||||||||
The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2013 and 2012. | ||||||||||||||||
Fiscal 2013 Quarter Ended | ||||||||||||||||
December 31 | March 31 | June 30 | September 30 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
Interest income | $ | 100,388 | $ | 96,835 | $ | 94,204 | $ | 92,545 | ||||||||
Interest expense | 31,972 | 28,905 | 28,076 | 26,466 | ||||||||||||
Net interest income | 68,416 | 67,930 | 66,128 | 66,079 | ||||||||||||
Provision for loan losses | 18,000 | 10,000 | 5,000 | 4,000 | ||||||||||||
Net interest income after provision for loan losses | 50,416 | 57,930 | 61,128 | 62,079 | ||||||||||||
Non-interest income | 8,247 | 6,106 | 8,824 | 5,291 | ||||||||||||
Non-interest expense | 42,534 | 45,229 | 46,266 | 43,631 | ||||||||||||
Earnings before income tax | 16,129 | 18,807 | 23,686 | 23,739 | ||||||||||||
Income tax expense | 4,976 | 6,017 | 7,439 | 7,970 | ||||||||||||
Net earnings | $ | 11,153 | $ | 12,790 | $ | 16,247 | $ | 15,769 | ||||||||
Earnings per share—basic and diluted | $ | 0.04 | $ | 0.04 | $ | 0.05 | $ | 0.05 | ||||||||
Fiscal 2012 Quarter Ended | ||||||||||||||||
December 31 | March 31 | June 30 | September 30 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
Interest income | $ | 105,535 | $ | 104,818 | $ | 104,225 | $ | 103,275 | ||||||||
Interest expense | 41,280 | 39,033 | 38,361 | 36,972 | ||||||||||||
Net interest income | 64,255 | 65,785 | 65,864 | 66,303 | ||||||||||||
Provision for loan losses | 15,000 | 27,000 | 31,000 | 29,000 | ||||||||||||
Net interest income after provision for loan losses | 49,255 | 38,785 | 34,864 | 37,303 | ||||||||||||
Non-interest income | 5,709 | 6,411 | 6,311 | 5,963 | ||||||||||||
Non-interest expense | 42,479 | 43,320 | 40,742 | 44,448 | ||||||||||||
Earnings (loss) before income tax | 12,485 | 1,876 | 433 | (1,182 | ) | |||||||||||
Income tax expense (benefit) | 4,026 | 854 | (459 | ) | (2,288 | ) | ||||||||||
Net earnings | $ | 8,459 | $ | 1,022 | $ | 892 | $ | 1,106 | ||||||||
Earnings per share—basic and diluted | $ | 0.03 | $ | — | $ | — | $ | — | ||||||||
Per share amounts for the full fiscal year, as reported in the Consolidated Statements of Income may differ from the totals of the four fiscal quarters as presented above, due to rounding. |
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Policy) | 12 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Business | ' |
Business—TFS Financial Corporation, a federally chartered stock holding company, conducts its principal activities through its wholly owned subsidiaries. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering, and other insignificant financial services. Third Federal Savings and Loan Association of Cleveland, MHC, its federally chartered mutual holding company parent, currently owns 73.94% of the outstanding shares of common stock of the Company. | |
The Company’s primary operating subsidiaries include the Association and Third Capital, Inc. The Association is a federal savings association, which provides retail loan and savings products to its customers in Ohio and Florida, through its 38 full-service branches, eight loan production offices, customer service call center and internet site. The Association also provides savings products and first mortgage refinance loans in states outside of its branch footprint. Third Capital, Inc. was formed to hold non-thrift investments and subsidiaries, which include a limited liability company that acquires and manages commercial real estate, a Vermont captive reinsurance company, an entity that pursues merger and acquisition opportunities and investments in private equity investment funds. | |
Principles of Consolidation | ' |
Principles of Consolidation—The consolidated financial statements of the Company include the accounts of TFS Financial Corporation and its wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents—Cash and cash equivalents consist of working cash on hand, and demand and interest bearing deposits at other financial institutions with maturities of three months or less. For purposes of reporting cash flows, cash and cash equivalents also includes federal funds sold. The Company has acknowledged informal agreements with banks where it maintains deposits. Under these agreements, service fees charged to the Company are waived provided certain average compensating balances are maintained throughout each month. | |
Investment Securities | ' |
Investment Securities—Securities held to maturity are securities that the Company has the positive intent and the ability to hold to maturity; these securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. All other securities are classified as available for sale. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of AOCI. Management determines the appropriate classification at the time of purchase. | |
Gains and losses on the sale of investment and mortgage-backed securities available for sale and trading are computed on a specific identification basis. Purchases and sales of securities are accounted for on a trade-date or settlement-date, depending on the settlement terms. | |
A decline in the fair value of any available for sale or held to maturity security, below cost, that is deemed to be other than temporary, results in a reduction in the carrying amount to fair value. The impairment loss is bifurcated between that related to credit loss which is recognized in non-interest income and that related to all other factors which is recognized in other comprehensive income. To determine whether an impairment is other than temporary, the Company considers, among other things, the duration and extent to which the fair value of an investment is less than its cost, changes in value subsequent to year end, forecast performance of the issuer, and whether the Company has the intent to hold the investment until market price recovery, or, for debt securities, whether the Company has the intent to sell the security or more likely than not will be required to sell the debt security before its anticipated recovery. | |
Premiums and discounts are amortized using the level-yield method. | |
Mortgage Banking Activity | ' |
Mortgage Banking Activity—Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Mortgage loans included in pending agency contracts to sell and securitize loans are carried at fair value. Fair value is based on quoted secondary market pricing for loan portfolios with similar characteristics and includes consideration of deferred fees (costs). Net unrealized losses are recognized in a valuation allowance by charges to income. | |
The Company retains servicing on loans that are sold and recognizes an asset for mortgage loan servicing rights based on the fair value of the servicing rights. Mortgage loan servicing rights are recorded at the lower of cost or fair value. Mortgage loan servicing rights are reported net of accumulated amortization, which is recorded in proportion to, and over the period of, estimated net servicing revenues. The impairment analysis is based on predominant risk characteristics of the loans serviced, such as type, fixed and adjustable rate loans, original terms and interest rates. Fair values are estimated using discounted cash flows based on current interest rates and prepayment assumptions, and impairment is monitored periodically. The amount of impairment recognized is the amount by which the mortgage loan servicing assets exceed their fair value. The Company monitors prepayments and changes amortization of mortgage servicing rights accordingly. | |
Servicing fee income net of amortization and other loan fees collected on loans serviced for others are included in Fees and service charges, net of amortization on the financial statements. | |
Derivative Instruments | ' |
Derivative Instruments—The Company enters into certain transactions, referred to as forward commitments, for the sale of mortgage loans principally to protect against the risk of adverse interest rate movements on the value of those assets. The Company recognizes the fair value of the contracts when the characteristics of those contracts meet the definition of a derivative. These derivatives are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. | |
The Company enters into commitments to originate loans which, when funded, will be classified as held for sale. Such commitments meet the definition of a derivative and are not designated in a hedging relationship; therefore, gains and losses are recognized immediately in the statement of income. | |
Loans and Related Fees | ' |
Loans and Related Fees—Loans originated with the intent to hold into the foreseeable future are carried at unpaid principal balances adjusted for partial charge-offs, the allowance for loan losses and net deferred origination fees. Interest on loans is accrued and credited to income as earned. Interest is not accrued on loans when collectability is uncertain. | |
Loan fees and certain direct loan origination costs are deferred and recognized as an adjustment to interest income using the level-yield method over the contractual lives of related loans, if the loans are held for investment. If the loans are held for sale, net deferred fees (costs) are not amortized, but rather are recognized when the related loans are sold. | |
Allowance for Loan Losses | ' |
Allowance for Loan Losses—The allowance for loan losses is assessed on a quarterly basis and provisions for loan losses are made in order to maintain the allowance at a level sufficient to absorb credit losses in the portfolio. Impairment evaluations are performed on loans segregated into homogeneous pools based on similarities in credit profile, product and property types. Through the evaluation, general allowances for loan losses are assessed based on historical loan loss experience for each homogeneous pool. General allowances are adjusted to address other factors that affect estimated probable losses including the size of the portion of the portfolio that is not subjected to individual review; current delinquency statistics; the status of loans in foreclosure, real estate in judgment and real estate owned; national, regional and local economic factors and trends; asset disposition loss statistics (both current and historical); and the relative level of individually allocated valuation allowances to the balances of loans individually reviewed. The allowance for loan losses is increased by charges to income and decreased by charge-offs (net of recoveries). Management believes the allowance is adequate. | |
For further discussion on the allowance for loan losses, non-accrual, impairment, and troubled debt restructurings, see Note 5. Loans and Allowance for Loan Losses. | |
Real Estate Owned | ' |
Real Estate Owned—Real estate owned represents real estate acquired through foreclosure or deed in lieu of foreclosure and is initially recorded at fair value less estimated costs to sell. Subsequent to acquisition, real estate owned is carried at the lower of cost or fair value less estimated selling costs. Management performs periodic valuations and a valuation allowance is established by a charge to income for any excess of the carrying value over the fair value less estimated costs to sell the property. Recoveries in fair value during the holding period are recognized until the valuation allowance is reduced to zero. Costs related to holding and maintaining the property are charged to expense. | |
Premises, Equipment, and Software | ' |
Premises, Equipment, and Software—Depreciation and amortization of premises, equipment and software is computed on a straight-line basis over the estimated useful lives of the related assets. Estimated lives are 20 to 50 years for office facilities and three to 10 years for equipment and software. Amortization of leasehold improvements is computed on a straight-line basis over the lesser of the lease term or the life of the related asset. | |
Impairment of Long-Lived Assets | ' |
Impairment of Long-Lived Assets—Long-lived assets, consisting of premises, equipment and software, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recovery amount or estimated fair value of the assets. No events or changes in circumstances have occurred causing management to evaluate the recoverability of the Company’s long-lived assets. | |
Goodwill | ' |
Goodwill—The excess of purchase price over the fair value of net assets of acquired companies is classified as goodwill and reported in Other Assets. Goodwill was $9,732 at September 30, 2013 and 2012. Goodwill is reviewed for impairment on an annual basis as of September 30. No impairment was identified as of September 30, 2013 or 2012. | |
Taxes on Income | ' |
Taxes on Income—Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Additional information about policies related to income taxes is included in Note 12. Income Taxes. | |
Deposits | ' |
Deposits—Interest on deposits is accrued and charged to expense monthly and is paid or credited in accordance with the terms of the accounts. | |
Treasury Stock | ' |
Treasury Stock—Acquisitions of treasury stock are recorded at cost using the cost method of accounting. Repurchases may be made through open market purchases, block trades and in negotiated private transactions, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Repurchased shares will be available for general corporate purposes. | |
Accumulated Other Comprehensive Loss | ' |
Accumulated Other Comprehensive Loss—Accumulated other comprehensive loss consists of pension liability adjustments and gains (losses) on securities available for sale, net of the related tax effects. | |
Share-Based Compensation | ' |
Share-Based Compensation—Compensation expense for awards of equity instruments is recognized on a straight-line basis over the requisite service period based on the grant date fair value estimated in accordance with the provisions of FASB ASC 718 “Compensation—Stock Compensation”. Share-based compensation expense is included in Salaries and employee benefits in the consolidated statements of income. | |
The grant date fair value of stock options is estimated using the Black-Scholes option-pricing model using assumptions for the expected option term, expected stock price volatility, risk-free interest rate, and expected dividend yield. Due to limited historical data on exercise of share options, the simplified method is used to estimate expected option term. | |
Advertising Costs | ' |
Advertising Costs—Advertising costs are expensed as incurred | |
Earnings per Share | ' |
Earnings per Share—Basic earnings per share is computed by dividing net income (loss) by the weighted average shares of common stock outstanding. Outstanding shares include shares sold to subscribers, shares held by the Third Federal Foundation, shares of the Employee Stock Ownership Plan which have been allocated or committed to be released for allocation to participants, and shares held by Third Federal Savings, MHC. | |
Diluted earnings per share is computed using the same method as basic earnings per share, but reflects the potential dilution, if any, of unexercised stock options and unvested shares of restricted stock units that could occur if stock options were exercised and restricted stock units were issued and converted into common stock. These potentially dilutive shares would then be included in the weighted average number of shares outstanding for the period using the treasury stock method. At September 30, 2013, 2012 and 2011, potentially dilutive shares include stock options and restricted stock units issued through stock-based compensation plans | |
Use of Estimates | ' |
Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Regulatory Capital Requirements [Abstract] | ' | ||||||||||||||||||||
Summary Of Actual Capital Amounts And Ratios Compared To Minimum Requirements | ' | ||||||||||||||||||||
The following table summarizes the actual capital amounts and ratios of the Association as of September 30, 2013 and 2012, compared to the minimum capital adequacy requirements and the requirements for classification as a well capitalized institution. | |||||||||||||||||||||
Minimum Requirements | |||||||||||||||||||||
Actual | For Capital | To be “Well Capitalized” | |||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||
Action Provision | |||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Total Capital to Risk-Weighted Assets | $ | 1,678,493 | 24.1 | % | $ | 557,133 | 8 | % | $ | 696,416 | 10 | % | |||||||||
Core Capital to Adjusted Tangible Assets | 1,591,373 | 14.18 | % | 449,023 | 4 | % | 561,279 | 5 | % | ||||||||||||
Tier 1 Capital to Risk-Weighted Assets | 1,591,373 | 22.85 | % | N/A | N/A | 417,850 | 6 | % | |||||||||||||
30-Sep-12 | |||||||||||||||||||||
Total Capital to Risk-Weighted Assets | $ | 1,618,653 | 22.19 | % | $ | 583,586 | 8 | % | $ | 729,482 | 10 | % | |||||||||
Core Capital to Adjusted Tangible Assets | 1,527,353 | 13.31 | % | 458,910 | 4 | % | 573,637 | 5 | % | ||||||||||||
Tier 1 Capital to Risk-Weighted Assets | 1,527,353 | 20.94 | % | N/A | N/A | 437,689 | 6 | % | |||||||||||||
Reconciliation Of Association's Total Capital Under GAAP To Regulatory Capital Amounts | ' | ||||||||||||||||||||
The following table reconciles the Association’s total capital under GAAP to reported regulatory capital amounts as of September 30, 2013 and 2012. | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Total capital as reported under GAAP | $ | 1,589,459 | $ | 1,526,286 | |||||||||||||||||
Goodwill and software | (6,690 | ) | (4,848 | ) | |||||||||||||||||
AOCI related to pension obligation | 6,467 | 8,526 | |||||||||||||||||||
Other | 2,137 | (2,611 | ) | ||||||||||||||||||
Total core and tier 1 capital | 1,591,373 | 1,527,353 | |||||||||||||||||||
Allowable allowance for loan losses | 87,120 | 91,300 | |||||||||||||||||||
Total risk based capital | $ | 1,678,493 | $ | 1,618,653 | |||||||||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments Securities Available For Sale | ' | |||||||||||||||||||||||
Investments available for sale are summarized as follows: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 37 | $ | — | $ | 2,037 | ||||||||||||||||
Freddie Mac certificates | 894 | 56 | — | 950 | ||||||||||||||||||||
Ginnie Mae certificates | 11,919 | 423 | — | 12,342 | ||||||||||||||||||||
Real estate mortgage investment conduits (REMICs) | 448,881 | 1,506 | (5,810 | ) | 444,577 | |||||||||||||||||||
FNMA certificates | 11,495 | 805 | (305 | ) | 11,995 | |||||||||||||||||||
Money market accounts | 5,475 | — | — | 5,475 | ||||||||||||||||||||
$ | 480,664 | $ | 2,827 | $ | (6,115 | ) | $ | 477,376 | ||||||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 56 | $ | — | $ | 2,056 | ||||||||||||||||
Freddie Mac certificates | 922 | 67 | — | 989 | ||||||||||||||||||||
Ginnie Mae certificates | 16,123 | 663 | — | 16,786 | ||||||||||||||||||||
REMICs | 383,545 | 2,772 | (308 | ) | 386,009 | |||||||||||||||||||
FNMA certificates | 7,125 | 764 | — | 7,889 | ||||||||||||||||||||
Money market accounts | 7,701 | — | — | 7,701 | ||||||||||||||||||||
$ | 417,416 | $ | 4,322 | $ | (308 | ) | $ | 421,430 | ||||||||||||||||
Schedule Of Securities Continuous Unrealized Loss Position [Table Text Block] | ' | |||||||||||||||||||||||
Gross unrealized losses on securities and the estimated fair value of the related securities, aggregated by investment category and length of time the individual securities have been in a continuous loss position, at September 30, 2013 and 2012, were as follows: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | |||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 237,774 | $ | 4,984 | $ | 45,768 | $ | 826 | $ | 283,542 | $ | 5,810 | ||||||||||||
FNMA certificates | 4,806 | 305 | — | — | 4,806 | 305 | ||||||||||||||||||
Total | $ | 242,580 | $ | 5,289 | $ | 45,768 | $ | 826 | $ | 288,348 | $ | 6,115 | ||||||||||||
30-Sep-12 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated | Unrealized | Estimated | Unrealized | Estimated | Unrealized | |||||||||||||||||||
Fair Value | Loss | Fair Value | Loss | Fair Value | Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 80,219 | $ | 291 | $ | 6,550 | $ | 17 | $ | 86,769 | $ | 308 | ||||||||||||
Loans_And_Allowance_For_Loan_L1
Loans And Allowance For Loan Losses (Tables) | 3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ' | |||||||||||||||||||||||||||||||||||
Loans Held For Investment | ' | ' | |||||||||||||||||||||||||||||||||||
Loans held for investment consist of the following: | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,118,511 | $ | 7,943,165 | |||||||||||||||||||||||||||||||||
Residential Home Today | 178,353 | 208,325 | |||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,858,398 | 2,155,496 | |||||||||||||||||||||||||||||||||||
Construction | 72,430 | 69,152 | |||||||||||||||||||||||||||||||||||
Real estate loans | 10,227,692 | 10,376,138 | |||||||||||||||||||||||||||||||||||
Consumer and other loans | 4,100 | 4,612 | |||||||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||||||
Deferred loan fees—net | (13,171 | ) | (18,561 | ) | |||||||||||||||||||||||||||||||||
Loans-in-process (“LIP”) | (42,018 | ) | (36,736 | ) | |||||||||||||||||||||||||||||||||
Allowance for loan losses | (92,537 | ) | (100,464 | ) | |||||||||||||||||||||||||||||||||
Loans held for investment, net | $ | 10,084,066 | $ | 10,224,989 | |||||||||||||||||||||||||||||||||
Interest Only Loans [Table Text Block] | ' | ' | |||||||||||||||||||||||||||||||||||
The recorded investment in interest only loans is comprised of the following: | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 2,353 | $ | 11,519 | |||||||||||||||||||||||||||||||||
Equity lines of credit | 1,680,917 | 1,983,581 | |||||||||||||||||||||||||||||||||||
Total | $ | 1,683,270 | $ | 1,995,100 | |||||||||||||||||||||||||||||||||
Schedule Of Recorded Investment Of Loan Receivables In Non-Accrual Status | ' | ' | |||||||||||||||||||||||||||||||||||
The recorded investment of loan receivables in non-accrual status is summarized in the following table. Balances are net of deferred fees. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 91,048 | $ | 105,780 | |||||||||||||||||||||||||||||||||
Residential Home Today | 34,813 | 41,087 | |||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 29,943 | 35,316 | |||||||||||||||||||||||||||||||||||
Construction | 41 | 377 | |||||||||||||||||||||||||||||||||||
Total real estate loans | 155,845 | 182,560 | |||||||||||||||||||||||||||||||||||
Consumer and other loans | — | — | |||||||||||||||||||||||||||||||||||
Total non-accrual loans | $ | 155,845 | $ | 182,560 | |||||||||||||||||||||||||||||||||
Schedule Of Recorded Investment In Loan Receivables That Are Past Due | ' | ' | |||||||||||||||||||||||||||||||||||
An age analysis of the recorded investment in loan receivables that are past due at September 30, 2013 and 2012 is summarized in the following tables. When a loan is more than one month past due on its scheduled payments, the loan is considered 30 days or more past due. Balances are net of deferred fees and any applicable loans-in-process. | |||||||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past | Current | Total | ||||||||||||||||||||||||||||||||
Past Due | Past Due | or More | Due | ||||||||||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 15,398 | $ | 4,874 | $ | 56,484 | $ | 76,756 | $ | 8,024,657 | $ | 8,101,413 | |||||||||||||||||||||||||
Residential Home Today | 8,597 | 5,989 | 18,341 | 32,927 | 142,666 | 175,593 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 7,495 | 4,776 | 12,042 | 24,313 | 1,841,111 | 1,865,424 | |||||||||||||||||||||||||||||||
Construction | — | — | 41 | 41 | 30,032 | 30,073 | |||||||||||||||||||||||||||||||
Total real estate loans | 31,490 | 15,639 | 86,908 | 134,037 | 10,038,466 | 10,172,503 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 4,100 | 4,100 | |||||||||||||||||||||||||||||||
Total | $ | 31,490 | $ | 15,639 | $ | 86,908 | $ | 134,037 | $ | 10,042,566 | $ | 10,176,603 | |||||||||||||||||||||||||
30-59 | 60-89 | 90 Days | Total Past | Current | Total | ||||||||||||||||||||||||||||||||
Days | Days | or More | Due | ||||||||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | |||||||||||||||||||||||||||||||||||
September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 15,015 | $ | 10,661 | $ | 74,807 | $ | 100,483 | $ | 7,818,927 | $ | 7,919,410 | |||||||||||||||||||||||||
Residential Home Today | 10,874 | 4,736 | 27,517 | 43,127 | 161,743 | 204,870 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 8,676 | 3,210 | 16,587 | 28,473 | 2,136,255 | 2,164,728 | |||||||||||||||||||||||||||||||
Construction | — | — | 377 | 377 | 31,456 | 31,833 | |||||||||||||||||||||||||||||||
Total real estate loans | 34,565 | 18,607 | 119,288 | 172,460 | 10,148,381 | 10,320,841 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 4,612 | 4,612 | |||||||||||||||||||||||||||||||
Total | $ | 34,565 | $ | 18,607 | $ | 119,288 | $ | 172,460 | $ | 10,152,993 | $ | 10,325,453 | |||||||||||||||||||||||||
Schedule Of Activity In The Allowance For Loan Losses | ' | ' | |||||||||||||||||||||||||||||||||||
Activity in the allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||||||||||
For the Year Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 31,618 | $ | 18,467 | $ | (16,719 | ) | $ | 2,061 | $ | 35,427 | ||||||||||||||||||||||||||
Residential Home Today | 22,588 | 13,051 | (12,302 | ) | 775 | 24,112 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 45,508 | 5,889 | (23,543 | ) | 4,964 | 32,818 | |||||||||||||||||||||||||||||||
Construction | 750 | (407 | ) | (294 | ) | 131 | 180 | ||||||||||||||||||||||||||||||
Total real estate loans | 100,464 | 37,000 | (52,858 | ) | 7,931 | 92,537 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Total | $ | 100,464 | $ | 37,000 | $ | (52,858 | ) | $ | 7,931 | $ | 92,537 | ||||||||||||||||||||||||||
For the Year Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 49,484 | $ | 36,646 | $ | (55,362 | ) | $ | 850 | $ | 31,618 | ||||||||||||||||||||||||||
Residential Home Today | 31,025 | 34,616 | (43,215 | ) | 162 | 22,588 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 74,071 | 31,154 | (63,035 | ) | 3,318 | 45,508 | |||||||||||||||||||||||||||||||
Construction | 2,398 | (416 | ) | (1,268 | ) | 36 | 750 | ||||||||||||||||||||||||||||||
Total real estate loans | 156,978 | 102,000 | (162,880 | ) | 4,366 | 100,464 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Total | $ | 156,978 | $ | 102,000 | $ | (162,880 | ) | $ | 4,366 | $ | 100,464 | ||||||||||||||||||||||||||
For the Year Ended September 30, 2011 | |||||||||||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 41,246 | $ | 25,704 | $ | (17,804 | ) | $ | 338 | $ | 49,484 | ||||||||||||||||||||||||||
Residential Home Today | 13,331 | 24,537 | (6,951 | ) | 108 | 31,025 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 73,780 | 49,784 | (51,414 | ) | 1,921 | 74,071 | |||||||||||||||||||||||||||||||
Construction | 4,882 | (1,525 | ) | (994 | ) | 35 | 2,398 | ||||||||||||||||||||||||||||||
Total real estate loans | 133,239 | 98,500 | (77,163 | ) | 2,402 | 156,978 | |||||||||||||||||||||||||||||||
Consumer and other loans | 1 | — | (1 | ) | — | — | |||||||||||||||||||||||||||||||
Total | $ | 133,240 | $ | 98,500 | $ | (77,164 | ) | $ | 2,402 | $ | 156,978 | ||||||||||||||||||||||||||
Summary Of Recorded Investment In Loan Receivables | ' | ' | |||||||||||||||||||||||||||||||||||
The recorded investment in loan receivables at September 30, 2013 and 2012 is summarized in the following table. The table provides details of the recorded balances according to the method of evaluation used for determining the allowance for loan losses, distinguishing between determinations made by evaluating individual loans and determinations made by evaluating groups of loans not individually evaluated. Balances of recorded investments are net of deferred fees and any applicable loans-in-process. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 149,102 | $ | 7,952,311 | $ | 8,101,413 | $ | 165,121 | $ | 7,754,289 | $ | 7,919,410 | |||||||||||||||||||||||||
Residential Home Today | 79,065 | 96,528 | 175,593 | 95,355 | 109,515 | 204,870 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 34,387 | 1,831,037 | 1,865,424 | 37,016 | 2,127,712 | 2,164,728 | |||||||||||||||||||||||||||||||
Construction | 487 | 29,586 | 30,073 | 1,378 | 30,455 | 31,833 | |||||||||||||||||||||||||||||||
Total real estate loans | 263,041 | 9,909,462 | 10,172,503 | 298,870 | 10,021,971 | 10,320,841 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | 4,100 | 4,100 | — | 4,612 | 4,612 | |||||||||||||||||||||||||||||||
Total | $ | 263,041 | $ | 9,913,562 | $ | 10,176,603 | $ | 298,870 | $ | 10,026,583 | $ | 10,325,453 | |||||||||||||||||||||||||
Schedule Of Allowance For Loan Losses According To The Method Of Evaluation | ' | ' | |||||||||||||||||||||||||||||||||||
An analysis of the allowance for loan losses at September 30, 2013 and 2012 is summarized in the following table. The analysis provides details of the allowance for loan losses according to the method of evaluation, distinguishing between allowances for loan losses determined by evaluating individual loans and allowances for loan losses determined by evaluating groups of loans not individually evaluated. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,138 | $ | 28,289 | $ | 35,427 | $ | 6,220 | $ | 25,398 | $ | 31,618 | |||||||||||||||||||||||||
Residential Home Today | 7,677 | 16,435 | 24,112 | 9,747 | 12,841 | 22,588 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,018 | 31,800 | 32,818 | 3,928 | 41,580 | 45,508 | |||||||||||||||||||||||||||||||
Construction | 5 | 175 | 180 | 41 | 709 | 750 | |||||||||||||||||||||||||||||||
Total real estate loans | 15,838 | 76,699 | 92,537 | 19,936 | 80,528 | 100,464 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 15,838 | $ | 76,699 | $ | 92,537 | $ | 19,936 | $ | 80,528 | $ | 100,464 | |||||||||||||||||||||||||
Schedule Of Recorded Investment And The Unpaid Principal Balance Of Impaired Loans | ' | ' | |||||||||||||||||||||||||||||||||||
The recorded investment and the unpaid principal balance of impaired loans, including those whose terms have been modified in troubled debt restructurings, as of September 30, 2013 and 2012 are summarized as follows. Balances of recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 86,040 | $ | 114,799 | $ | — | $ | 96,227 | $ | 126,806 | $ | — | |||||||||||||||||||||||||
Residential Home Today | 33,163 | 66,366 | — | 36,578 | 68,390 | — | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 27,494 | 58,267 | — | 24,397 | 41,974 | — | |||||||||||||||||||||||||||||||
Construction | 422 | 544 | — | 970 | 1,349 | — | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 147,119 | $ | 239,976 | $ | — | $ | 158,172 | $ | 238,519 | $ | — | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 63,062 | $ | 64,468 | $ | 7,138 | $ | 68,894 | $ | 70,577 | $ | 6,220 | |||||||||||||||||||||||||
Residential Home Today | 45,902 | 46,698 | 7,677 | 58,777 | 60,104 | 9,747 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 6,893 | 6,996 | 1,018 | 12,619 | 13,554 | 3,928 | |||||||||||||||||||||||||||||||
Construction | 65 | 65 | 5 | 408 | 408 | 41 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 115,922 | $ | 118,227 | $ | 15,838 | $ | 140,698 | $ | 144,643 | $ | 19,936 | |||||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 149,102 | $ | 179,267 | $ | 7,138 | $ | 165,121 | $ | 197,383 | $ | 6,220 | |||||||||||||||||||||||||
Residential Home Today | 79,065 | 113,064 | 7,677 | 95,355 | 128,494 | 9,747 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 34,387 | 65,263 | 1,018 | 37,016 | 55,528 | 3,928 | |||||||||||||||||||||||||||||||
Construction | 487 | 609 | 5 | 1,378 | 1,757 | 41 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 263,041 | $ | 358,203 | $ | 15,838 | $ | 298,870 | $ | 383,162 | $ | 19,936 | |||||||||||||||||||||||||
Schedule Of Average Recorded Investment In Impaired Loans And The Amount Of Interest Income | ' | ' | |||||||||||||||||||||||||||||||||||
The average recorded investment in impaired loans and the amount of interest income recognized during the time within the period that the loans were impaired are summarized below. Beginning for the three months ended June 30, 2011, the reported amount of interest income recognized includes interest income on all impaired loans. Prior to that period, the reported amount included interest income from only impaired loans with an allowance, resulting in a reported amount that was less than, but not materially different from, the actual amount of interest income recognized. Balances of average recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||||||||||
For the Year Ended September 30, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 91,134 | $ | 1,169 | $ | 64,470 | $ | 854 | $ | 36,072 | $ | 363 | |||||||||||||||||||||||||
Residential Home Today | 34,871 | 234 | 22,596 | 513 | 23,036 | 144 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 25,946 | 467 | 18,259 | 293 | 16,249 | 95 | |||||||||||||||||||||||||||||||
Construction | 696 | 18 | 884 | 36 | 495 | 6 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 152,647 | $ | 1,888 | $ | 106,209 | $ | 1,696 | $ | 75,852 | $ | 608 | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 65,978 | $ | 3,198 | $ | 98,053 | $ | 3,164 | $ | 117,392 | $ | 2,584 | |||||||||||||||||||||||||
Residential Home Today | 52,340 | 2,487 | 92,272 | 2,625 | 109,015 | 2,689 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 9,756 | 266 | 20,118 | 227 | 31,674 | 256 | |||||||||||||||||||||||||||||||
Construction | 237 | 10 | 2,670 | 36 | 6,310 | 70 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 1 | — | |||||||||||||||||||||||||||||||
Total | $ | 128,311 | $ | 5,961 | $ | 213,113 | $ | 6,052 | $ | 264,392 | $ | 5,599 | |||||||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 157,112 | $ | 4,367 | $ | 162,523 | $ | 4,018 | $ | 153,464 | $ | 2,947 | |||||||||||||||||||||||||
Residential Home Today | 87,211 | 2,721 | 114,868 | 3,138 | 132,051 | 2,833 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 35,702 | 733 | 38,377 | 520 | 47,923 | 351 | |||||||||||||||||||||||||||||||
Construction | 933 | 28 | 3,554 | 72 | 6,805 | 76 | |||||||||||||||||||||||||||||||
Consumer and other loans | — | — | — | — | 1 | — | |||||||||||||||||||||||||||||||
Total | $ | 280,958 | $ | 7,849 | $ | 319,322 | $ | 7,748 | $ | 340,244 | $ | 6,207 | |||||||||||||||||||||||||
Schedule of Troubled Debt Restructured Loans Recorded Investment [Table Text Block] | ' | ' | |||||||||||||||||||||||||||||||||||
The recorded investment in troubled debt restructurings as of September 30, 2013 and September 30, 2012 is shown in the tables below. | |||||||||||||||||||||||||||||||||||||
September 30, 2013 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 17,861 | $ | 1,670 | $ | 12,773 | $ | 21,227 | $ | 17,733 | $ | 39,530 | $ | 110,794 | |||||||||||||||||||||||
Residential Home Today | 14,855 | 131 | 9,107 | 18,331 | 20,998 | 6,547 | 69,969 | ||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 82 | 596 | 675 | 225 | 561 | 18,512 | 20,651 | ||||||||||||||||||||||||||||||
Construction | — | 278 | — | — | — | — | 278 | ||||||||||||||||||||||||||||||
Total | $ | 32,798 | $ | 2,675 | $ | 22,555 | $ | 39,783 | $ | 39,292 | $ | 64,589 | $ | 201,692 | |||||||||||||||||||||||
September 30, 2012 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 22,039 | $ | 2,802 | $ | 17,106 | $ | 20,787 | $ | 9,438 | $ | 45,861 | $ | 118,033 | |||||||||||||||||||||||
Residential Home Today | 21,977 | 360 | 13,991 | 27,058 | 11,960 | 6,548 | 81,894 | ||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 105 | 646 | 960 | 257 | 384 | 18,334 | 20,686 | ||||||||||||||||||||||||||||||
Construction | — | 634 | — | — | — | 152 | 786 | ||||||||||||||||||||||||||||||
Total | $ | 44,121 | $ | 4,442 | $ | 32,057 | $ | 48,102 | $ | 21,782 | $ | 70,895 | $ | 221,399 | |||||||||||||||||||||||
Schedule Of Recorded Investment In Troubled Debt Restructured Loans Modified | ' | ' | |||||||||||||||||||||||||||||||||||
The following tables set forth the recorded investment in troubled debt restructured loans modified during the years presented, according to the types of concessions granted. Reported values for the fiscal year ended September 30, 2011 have not been adjusted for discharged Chapter 7 bankruptcies that were reclassified as troubled debt restructurings per the OCC interpretive guidance issued in July 2012. | |||||||||||||||||||||||||||||||||||||
For the Year Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 3,470 | $ | — | $ | — | $ | 5,108 | $ | 4,957 | $ | 8,156 | $ | 21,691 | |||||||||||||||||||||||
Residential Home Today | 409 | — | — | 693 | 8,433 | 1,517 | 11,052 | ||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 13 | 129 | — | 67 | 117 | 3,673 | 3,999 | ||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Total | $ | 3,892 | $ | 129 | $ | — | $ | 5,868 | $ | 13,507 | $ | 13,346 | $ | 36,742 | |||||||||||||||||||||||
For the Year Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,965 | $ | 521 | $ | 1,812 | $ | 8,668 | $ | 3,287 | $ | 12,671 | $ | 34,924 | |||||||||||||||||||||||
Residential Home Today | 1,793 | 88 | 1,821 | 2,768 | 4,313 | 2,308 | 13,091 | ||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 46 | 13 | 60 | 30 | 231 | 4,435 | 4,815 | ||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | 153 | 153 | ||||||||||||||||||||||||||||||
Total | $ | 9,804 | $ | 622 | $ | 3,693 | $ | 11,466 | $ | 7,831 | $ | 19,567 | $ | 52,983 | |||||||||||||||||||||||
For the Year Ended September 30, 2011 | |||||||||||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Total | ||||||||||||||||||||||||||||||||
Interest | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||||||||||
Rates | |||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,447 | $ | 669 | $ | 5,864 | $ | 3,369 | $ | 5,289 | $ | 22,638 | |||||||||||||||||||||||||
Residential Home Today | 9,535 | 407 | 6,194 | 4,776 | 8,224 | 29,136 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 115 | — | 423 | 164 | 261 | 963 | |||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Total | $ | 17,097 | $ | 1,076 | $ | 12,481 | $ | 8,309 | $ | 13,774 | $ | 52,737 | |||||||||||||||||||||||||
Schedule Of Troubled Debt Restructured Loans Modified Within The Last 12 Months | ' | ' | |||||||||||||||||||||||||||||||||||
The following table provides information on troubled debt restructured loans modified within the last 12 months that defaulted, or were at least 30 days past due on one scheduled payment, during the period presented. | |||||||||||||||||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | September 30, 2011 | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | |||||||||||||||||||||||||||||||||||
Residential non-Home Today | 61 | $ | 6,709 | 87 | $ | 9,917 | 19 | $ | 3,305 | ||||||||||||||||||||||||||||
Residential Home Today | 70 | 3,368 | 77 | 4,427 | 64 | 6,257 | |||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 68 | 1,277 | 41 | 1,764 | 2 | 160 | |||||||||||||||||||||||||||||||
Construction | — | — | 3 | 153 | — | — | |||||||||||||||||||||||||||||||
Total | 199 | $ | 11,354 | 208 | $ | 16,261 | 85 | $ | 9,722 | ||||||||||||||||||||||||||||
Schedule Of Credit Quality Of Residential Loan Receivables By An Internally Assigned Grade | ' | ' | |||||||||||||||||||||||||||||||||||
The following tables provide information about the credit quality of residential loan receivables by an internally assigned grade. Balances are net of deferred fees and any applicable LIP. | |||||||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,004,890 | $ | — | $ | 96,523 | $ | — | $ | 8,101,413 | |||||||||||||||||||||||||||
Residential Home Today | 139,481 | — | 36,112 | — | 175,593 | ||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,822,371 | 9,223 | 33,830 | — | 1,865,424 | ||||||||||||||||||||||||||||||||
Construction | 29,651 | — | 422 | — | 30,073 | ||||||||||||||||||||||||||||||||
Total | $ | 9,996,393 | $ | 9,223 | $ | 166,887 | $ | — | $ | 10,172,503 | |||||||||||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||
Residential non-Home Today | $ | 7,812,028 | $ | — | $ | 107,382 | $ | — | $ | 7,919,410 | |||||||||||||||||||||||||||
Residential Home Today | 163,332 | — | 41,538 | — | 204,870 | ||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 2,118,926 | 9,868 | 35,934 | — | 2,164,728 | ||||||||||||||||||||||||||||||||
Construction | 30,850 | — | 983 | — | 31,833 | ||||||||||||||||||||||||||||||||
Total | $ | 10,125,136 | $ | 9,868 | $ | 185,837 | $ | — | $ | 10,320,841 | |||||||||||||||||||||||||||
Mortgage_Loan_Servicing_Assets1
Mortgage Loan Servicing Assets (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Disclosures Pertaining to Servicing Assets and Servicing Liabilities [Abstract] | ' | |||||||||||
Primary Economic Assumptions Used To Measure The Company's Retained Interest, Rate | ' | |||||||||||
Primary economic assumptions used to measure the value of the Company’s retained interests at the date of sale resulting from the completed transactions were as follows (per annum): | ||||||||||||
2013 | 2012 | |||||||||||
Primary prepayment speed assumptions (weighted average annual rate) | 22.1 | % | 26.3 | % | ||||||||
Weighted average life (years) | 24.8 | 24 | ||||||||||
Amortized cost to service loans (weighted average) | 0.12 | % | 0.12 | % | ||||||||
Weighted average discount rate | 12 | % | 12 | % | ||||||||
Key Economic Assumptions And Sensitivity | ' | |||||||||||
Key economic assumptions and the sensitivity of the current fair value of mortgage loan servicing assets to immediate 10% and 20% adverse changes in those assumptions are as presented in the following table. The three key economic assumptions that impact the valuation of the mortgage loan servicing rights are: (1) the prepayment speed, or how long the mortgage servicing right will be outstanding; (2) the estimate of servicing costs that will be incurred in fulfilling the mortgage servicing right responsibilities; and (3) the discount factor applied to future net cash flows to convert them to present value. The Company established these factors based on independent analysis of our portfolio and reviews these assumptions periodically to ensure that they reasonably reflect current market conditions and our loan portfolio experience. Additionally, to confirm the appropriateness of the Company's mortgage loan servicing rights valuation, an independent third party is engaged at least annually, and more frequently if warranted by market volatility, to value our mortgage loan servicing rights portfolio. The results of the third party valuation are compared and reconciled to the Company's valuation, thereby validating the Company's approach and assumptions. | ||||||||||||
September 30, 2013 | ||||||||||||
Fair value of mortgage loan servicing assets | $ | 28,784 | ||||||||||
Prepayment speed assumptions (weighted average annual rate) | 24.7 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (1,179 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (2,245 | ) | |||||||||
Estimated prospective annual cost to service loans (weighted average) | 0.12 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (2,872 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (5,745 | ) | |||||||||
Discount rate | 12 | % | ||||||||||
Impact on fair value of 10% adverse change | $ | (970 | ) | |||||||||
Impact on fair value of 20% adverse change | $ | (1,870 | ) | |||||||||
Activity In Mortgage Servicing Assets | ' | |||||||||||
Activity in mortgage servicing assets is summarized as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance—beginning of year | $ | 19,613 | $ | 28,919 | $ | 38,658 | ||||||
Additions from loan securitizations/sales | 1,089 | 43 | 137 | |||||||||
Amortization | (6,628 | ) | (9,349 | ) | (9,894 | ) | ||||||
Net change in valuation allowance | — | — | 18 | |||||||||
Balance—end of year | $ | 14,074 | $ | 19,613 | $ | 28,919 | ||||||
Fair value of capitalized amounts | $ | 28,784 | $ | 25,294 | $ | 40,654 | ||||||
Premises_Equipment_And_Softwar1
Premises, Equipment And Software, Net (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Property, Plant and Equipment, Net [Abstract] | ' | |||||||
Schedule Of Premises, Equipment And Software At Cost | ' | |||||||
Premises, equipment and software at cost are summarized as follows: | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Land | $ | 11,050 | $ | 7,714 | ||||
Office buildings | 69,643 | 75,999 | ||||||
Furniture, fixtures and equipment | 34,240 | 33,997 | ||||||
Software | 15,202 | 16,447 | ||||||
Leasehold improvements | 11,784 | 9,269 | ||||||
141,919 | 143,426 | |||||||
Less accumulated depreciation and amortization | (83,402 | ) | (82,276 | ) | ||||
Total | $ | 58,517 | $ | 61,150 | ||||
Schedule Of Future Minimum Payments Under Non-Cancelable Operating Leases | ' | |||||||
The Company leases certain of its branches under renewable operating lease agreements. Future minimum payments under non-cancelable operating leases with initial or remaining terms of one year or more consisted of the following at September 30, 2013: | ||||||||
Years Ended September 30, | ||||||||
2014 | $ | 4,245 | ||||||
2015 | 3,579 | |||||||
2016 | 2,866 | |||||||
2017 | 2,227 | |||||||
2018 | 1,634 | |||||||
Thereafter | 3,970 | |||||||
Schedule Of Future Minimum Payments Receivables | ' | |||||||
The Company, as lessor, leases certain commercial office buildings. The Company anticipates receiving future minimum payments of the following as of September 30, 2013: | ||||||||
Years Ended September 30, | ||||||||
2014 | $ | 1,210 | ||||||
2015 | 1,034 | |||||||
2016 | 975 | |||||||
2017 | 1,004 | |||||||
2018 | 1,004 | |||||||
Thereafter | 669 | |||||||
Accrued_Interest_Receivable_Ta
Accrued Interest Receivable (Tables) | 12 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accrued Interest Receivable [Abstract] | ' | |||||||
Accrued Interest Receivable | ' | |||||||
Accrued interest receivable is summarized as follows: | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Investment securities | $ | 1,032 | $ | 980 | ||||
Loans | 30,456 | 33,906 | ||||||
Other | 1 | 1 | ||||||
Total | $ | 31,489 | $ | 34,887 | ||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Deposits [Abstract] | ' | ||||||||||||||||
Summary Of Deposit Account Balances | ' | ||||||||||||||||
Deposit account balances are summarized by interest rate as follows: | |||||||||||||||||
Stated | September 30, | ||||||||||||||||
Interest | 2013 | 2012 | |||||||||||||||
Rate | Amount | Percent | Amount | Percent | |||||||||||||
Negotiable order of withdrawal accounts | 0.00–0.30% | $ | 1,027,316 | 12.1 | % | $ | 1,006,125 | 11.2 | % | ||||||||
Savings accounts | 0.00–0.55 | 1,808,953 | 21.4 | 1,777,295 | 19.8 | ||||||||||||
Subtotal | 2,836,269 | 33.5 | 2,783,420 | 31 | |||||||||||||
Certificates of deposit | 0.00–0.99 | 2,276,511 | 26.9 | 1,961,447 | 21.8 | ||||||||||||
1.00–1.99 | 1,790,363 | 21.1 | 1,746,089 | 19.5 | |||||||||||||
2.00–2.99 | 732,648 | 8.6 | 900,178 | 10 | |||||||||||||
3.00–3.99 | 623,032 | 7.4 | 752,638 | 8.4 | |||||||||||||
4.00–4.99 | 157,126 | 1.9 | 586,986 | 6.5 | |||||||||||||
5.00 and above | 48,169 | 0.6 | 249,981 | 2.8 | |||||||||||||
5,627,849 | 66.5 | 6,197,319 | 69 | ||||||||||||||
Subtotal | 8,464,118 | 100 | 8,980,739 | 100 | |||||||||||||
Accrued interest | 381 | — | 680 | — | |||||||||||||
Total deposits | $ | 8,464,499 | 100 | % | $ | 8,981,419 | 100 | % | |||||||||
Scheduled Maturity Of Certificates Of Deposit | ' | ||||||||||||||||
The scheduled maturity of certificates of deposit is as follows: | |||||||||||||||||
30-Sep-13 | |||||||||||||||||
Amount | Percent | ||||||||||||||||
12 months or less | $ | 2,284,584 | 40.6 | % | |||||||||||||
13 to 24 months | 1,679,976 | 29.8 | % | ||||||||||||||
25 to 36 months | 529,329 | 9.4 | % | ||||||||||||||
37 to 48 months | 532,859 | 9.5 | % | ||||||||||||||
49 to 60 months | 501,230 | 8.9 | % | ||||||||||||||
Over 60 months | 99,871 | 1.8 | % | ||||||||||||||
Total | $ | 5,627,849 | 100 | % | |||||||||||||
Scheduled Of Interest Expense On Deposits | ' | ||||||||||||||||
Interest expense on deposits is summarized as follows: | |||||||||||||||||
Year Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Certificates of deposit | $ | 103,466 | $ | 142,728 | |||||||||||||
Negotiable order of withdrawal accounts | 2,273 | 2,839 | |||||||||||||||
Savings accounts | 5,669 | 7,533 | |||||||||||||||
Total | $ | 111,408 | $ | 153,100 | |||||||||||||
Borrowed_Funds_Tables
Borrowed Funds (Tables) | 12 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Advances from Federal Home Loan Banks [Abstract] | ' | ||||||
Federal Home Loan Bank (FHLB) Borrowings | ' | ||||||
Federal Home Loan Bank borrowings at September 30, 2013 are summarized in the table below: | |||||||
Amount | Weighted | ||||||
Average | |||||||
Rate | |||||||
Maturing in: | |||||||
2014 | $ | 357,000 | 0.4 | % | |||
2015 | 3,000 | 3.34 | % | ||||
2016 | 24,535 | 2.05 | % | ||||
2017 | 175,000 | 1.14 | % | ||||
2018 | 120,000 | 1.47 | % | ||||
thereafter | 65,126 | 1.36 | % | ||||
Total FHLB Advances | 744,661 | 0.9 | % | ||||
Accrued interest | 456 | ||||||
Total | $ | 745,117 | |||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Other Comprehensive Income (Loss) [Abstract] | ' | |||||||||||
Components Of Other Comprehensive Income (Loss) And Related Tax Effect | ' | |||||||||||
The following table represents the components of other comprehensive income (loss) and the related tax effect allocated to component: | ||||||||||||
Before | Tax | Net of | ||||||||||
Tax | Effect | Tax | ||||||||||
Amount | ||||||||||||
2013 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | (7,302 | ) | $ | 2,556 | $ | (4,746 | ) | ||||
Reclassification adjustment for realized (gains)/losses included in net income | — | — | — | |||||||||
Net unrealized gain/(loss) from securities | (7,302 | ) | 2,556 | (4,746 | ) | |||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 1,828 | (640 | ) | 1,188 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial loss | 556 | (194 | ) | 362 | ||||||||
Realized loss due to settlement | 782 | (274 | ) | 508 | ||||||||
Net gain (loss) from pension plan | 3,166 | (1,108 | ) | 2,058 | ||||||||
Other comprehensive loss | $ | (4,136 | ) | $ | 1,448 | $ | (2,688 | ) | ||||
2012 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | 449 | $ | (157 | ) | $ | 292 | |||||
Transfer of investments from held to maturity to available for sale | 3,427 | (1,199 | ) | 2,228 | ||||||||
Net unrealized gain/(loss) from securities, net of reclassification adjustment | 3,876 | (1,356 | ) | 2,520 | ||||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 11,775 | (4,122 | ) | 7,653 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial loss | 571 | (199 | ) | 372 | ||||||||
Prior service benefit | (15 | ) | 5 | (10 | ) | |||||||
Realized gain due to curtailment | (267 | ) | 93 | (174 | ) | |||||||
Net gain (loss) from pension plan | 12,064 | (4,223 | ) | 7,841 | ||||||||
Other comprehensive income | $ | 15,940 | $ | (5,579 | ) | $ | 10,361 | |||||
2011 | ||||||||||||
Unrealized gain/(loss) from available-for-sale securities: | ||||||||||||
Net unrealized gain/(loss) arising during the year | $ | — | $ | — | $ | — | ||||||
Reclassification adjustment for realized (gains)/losses included in net income | — | — | — | |||||||||
Net unrealized gain/(loss) from securities, net of reclassification adjustment | — | — | — | |||||||||
Pension plan: | ||||||||||||
Newly established net gain (loss) | 3,918 | (1,371 | ) | 2,547 | ||||||||
Reclassification adjustment included in income due to: | ||||||||||||
Actuarial gain | (1,120 | ) | 392 | (728 | ) | |||||||
Prior service benefit | (61 | ) | 21 | (40 | ) | |||||||
Net gain (loss) from pension plan | 2,737 | (958 | ) | 1,779 | ||||||||
Other comprehensive income | $ | 2,737 | $ | (958 | ) | $ | 1,779 | |||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | |||||||||||
Schedule Of Components Of The Income Tax Provision | ' | |||||||||||
The components of the income tax provision are as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Current tax expense: | ||||||||||||
Federal | $ | 19,751 | $ | 21,305 | $ | 10,903 | ||||||
State | 165 | 98 | 75 | |||||||||
Deferred tax expense: | ||||||||||||
Federal | 6,486 | (19,270 | ) | (8,243 | ) | |||||||
Income tax provision | $ | 26,402 | $ | 2,133 | $ | 2,735 | ||||||
Schedule Of Reconciliation From Tax At The Statutory Rate To The Income Tax Provision | ' | |||||||||||
Reconciliation from tax at the statutory rate to the income tax provision is as follows: | ||||||||||||
Year Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Tax at statutory rate | 35 | % | 35 | % | 35 | % | ||||||
State tax, net | 0.1 | 0.5 | 0.4 | |||||||||
Insurance related amounts | (2.7 | ) | (16.7 | ) | (18.9 | ) | ||||||
Change in valuation allowance for deferred tax assets | — | (3.7 | ) | 5 | ||||||||
Other, net | (0.3 | ) | 0.6 | 1.1 | ||||||||
Income tax provision | 32.1 | % | 15.7 | % | 22.6 | % | ||||||
Schedule Of Deferred Tax Assets And Liabilities | ' | |||||||||||
Temporary differences between the financial statement carrying amounts and tax basis of assets and liabilities that gave rise to significant portions of net deferred taxes relate to the following: | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | |||||||||||
Deferred tax assets: | ||||||||||||
Loan loss reserve | $ | 43,452 | $ | 50,341 | ||||||||
Deferred compensation | 11,024 | 8,946 | ||||||||||
Pension liability | 3,482 | 4,590 | ||||||||||
Property, equipment and software basis difference | 2,160 | 1,573 | ||||||||||
Pending REIT dividend | 112 | 493 | ||||||||||
Other | 5,190 | 4,958 | ||||||||||
Total deferred tax assets | 65,420 | 70,901 | ||||||||||
Deferred tax liabilities: | ||||||||||||
FHLB stock basis difference | 7,695 | 7,695 | ||||||||||
Mortgage servicing rights | 1,131 | 1,790 | ||||||||||
Goodwill | 3,162 | 2,836 | ||||||||||
Other | 3,351 | 3,461 | ||||||||||
Total deferred tax liabilities | 15,339 | 15,782 | ||||||||||
Net deferred tax asset | $ | 50,081 | $ | 55,119 | ||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | |||||||||||||||
Change In Projected Benefit Obligation For The Defined Benefit Plan | ' | |||||||||||||||
The following table sets forth the change in projected benefit obligation for the defined benefit plan: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Projected benefit obligation at beginning of year | $ | 70,788 | $ | 75,768 | ||||||||||||
Service cost | — | 1,005 | ||||||||||||||
Interest cost | 2,938 | 2,952 | ||||||||||||||
Actuarial loss and other | 287 | 10,113 | ||||||||||||||
Plan amendment | — | (16,149 | ) | |||||||||||||
Settlement | (5,348 | ) | — | |||||||||||||
Benefits paid | (621 | ) | (2,901 | ) | ||||||||||||
Projected benefit obligation at end of year | $ | 68,044 | $ | 70,788 | ||||||||||||
Reconciliation Of The Beginning And Ending Balances Of The Fair Value Of Plan Assets And Funded Status Of The Plan | ' | |||||||||||||||
The following table reconciles the beginning and ending balances of the fair value of plan assets and presents the funded status of the Plan recognized in the statement of condition at the September 30 measurement date: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Fair value of plan assets at beginning of the year | $ | 58,675 | $ | 47,684 | ||||||||||||
Actual return on plan assets | 6,231 | 9,465 | ||||||||||||||
Employer contributions | 2,000 | 4,427 | ||||||||||||||
Benefits paid | (621 | ) | (2,901 | ) | ||||||||||||
Settlement | (5,348 | ) | — | |||||||||||||
Fair value of plan assets at end of year | $ | 60,937 | $ | 58,675 | ||||||||||||
Funded status of the plan—asset/(liability) | $ | (7,107 | ) | $ | (12,113 | ) | ||||||||||
Components Of Net Periodic Benefit Cost Recognized In The Statement Of Income | ' | |||||||||||||||
The components of net periodic benefit cost recognized in the statement of income are as follows: | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Service cost | $ | — | $ | 1,005 | $ | 4,337 | ||||||||||
Interest Cost | 2,938 | 2,952 | 3,641 | |||||||||||||
Expected return on plan assets | (4,116 | ) | (3,727 | ) | (3,365 | ) | ||||||||||
Amortization of net (gain)/loss and other | 556 | 572 | (1,120 | ) | ||||||||||||
Amortization of prior service benefit | — | (15 | ) | (61 | ) | |||||||||||
Recognized net gain due to curtailment | — | (267 | ) | — | ||||||||||||
Recognized net loss due to settlement | 782 | — | — | |||||||||||||
Net periodic benefit cost | $ | 160 | $ | 520 | $ | 3,432 | ||||||||||
Fair Value Of Plan Assets By Asset Category At The Measurement Date | ' | |||||||||||||||
The following tables present the fair value of plan assets by asset category at the measurement date. | ||||||||||||||||
September 30, | Recurring Fair Value Measurements at Reporting Date Using | |||||||||||||||
2013 | Quoted Prices in | Significant Other | Significant | |||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||
Asset Category: | ||||||||||||||||
U.S. large cap equity portfolios | $ | 19,508 | $ | — | $ | 19,508 | $ | — | ||||||||
U.S. small/mid cap equity portfolios | 5,152 | — | 5,152 | — | ||||||||||||
International equity portfolios | 8,434 | — | 8,434 | — | ||||||||||||
Debt securities(1) | 21,565 | — | 21,565 | — | ||||||||||||
Real estate investments portfolios | 6,278 | — | 6,278 | — | ||||||||||||
Total | $ | 60,937 | $ | — | $ | 60,937 | $ | — | ||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||
Asset Category: | ||||||||||||||||
U.S. large cap equity portfolios | $ | 18,701 | $ | — | $ | 18,701 | $ | — | ||||||||
U.S. small/mid cap equity portfolios | 4,455 | — | 4,455 | — | ||||||||||||
International equity portfolios | 7,259 | — | 7,259 | — | ||||||||||||
Debt securities(1) | 22,369 | — | 22,369 | — | ||||||||||||
Real estate investments portfolios | 5,891 | — | 5,891 | — | ||||||||||||
Total | $ | 58,675 | $ | — | $ | 58,675 | $ | — | ||||||||
______________________ | ||||||||||||||||
-1 | Includes pooled separate accounts that invest mainly in fixed income securities such as corporate bonds, asset backed securities, commercial mortgage backed securities or in a single mutual fund. | |||||||||||||||
The following table r | ||||||||||||||||
Schedule Of Additional Information Is Provided With Respect To The Plan | ' | |||||||||||||||
The following additional information is provided with respect to the Plan: | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Assumptions and dates used to determine benefit obligations: | ||||||||||||||||
Discount rate | 4.9 | % | 4.3 | % | 4.95 | % | ||||||||||
Rate of compensation increase | n/a | n/a | 4.55 | |||||||||||||
Census date | 1/1/13 | 1/1/12 | 1/1/11 | |||||||||||||
Assumptions used to determine net periodic benefit cost: | ||||||||||||||||
Discount rate | 4.3 | % | 4.95%/4.40% | 5.1 | % | |||||||||||
Long-term rate of return on plan assets | 7.5 | % | 7.5 | % | 7.5 | % | ||||||||||
Rate of compensation increase (graded scale) | n/a | 4.55 | 4.62 | |||||||||||||
Estimates Of Expected Future Benefit Payments | ' | |||||||||||||||
The following table provides estimates of expected future benefit payments during each of the next five fiscal years, as well as in the aggregate for years six through ten. Additionally, the table includes the expected employer contribution during the next fiscal year. | ||||||||||||||||
Expected Benefit Payments During the Fiscal Years Ending September 30: | ||||||||||||||||
2014 | $ | 5,920 | ||||||||||||||
2015 | 3,700 | |||||||||||||||
2016 | 4,090 | |||||||||||||||
2017 | 4,440 | |||||||||||||||
2018 | 4,320 | |||||||||||||||
Aggregate expected benefit payments during the five fiscal year period beginning October 1, 2019, and ending September 30, 2023 | $ | 23,300 | ||||||||||||||
Minimum employer contributions expected to be paid during the fiscal year ending September 30, 2014 | $ | — | ||||||||||||||
Effective September 30, 2006, the Company adopted the provisions of FASB ASC 715 “Compensation – Retirement Benefits” which requires an employer to re | ||||||||||||||||
Items Not Yet Recognized As Components Of Net Periodic Benefit Cost | ' | |||||||||||||||
AOCI includes the following items that have not yet been recognized as components of net periodic benefit cost as of the measurement date (there was no transition obligation at any date): | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||
Net actuarial loss | $ | 9,950 | $ | 13,116 | $ | 25,462 | ||||||||||
Prior service benefit | — | — | (282 | ) | ||||||||||||
Net amount recognized in AOCI | $ | 9,950 | $ | 13,116 | $ | 25,180 | ||||||||||
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block] | ' | |||||||||||||||
The following table reconciles the beginning and ending balances for plan assets measured at fair value using significant unobservable inputs (Level 3): | ||||||||||||||||
Year Ended September 30, | ||||||||||||||||
Real estate investment portfolios | 2013 | 2012 | 2011 | |||||||||||||
Fair value at beginning of year | $ | — | $ | — | $ | 1,701 | ||||||||||
Actual return gains (losses) on plan assets | ||||||||||||||||
relating to assets sold or transferred during the period | — | — | 1,612 | |||||||||||||
Transfers in (out) of Level 3 | — | — | (3,313 | ) | ||||||||||||
Fair value at end of year | $ | — | $ | — | $ | — | ||||||||||
Equity_Incentive_Plan_Tables
Equity Incentive Plan (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Equity Incentive Plan [Abstract] | ' | ||||||||||||
Summary Of The Status Of The Company's Restricted Stock Units And Changes | ' | ||||||||||||
The following is a summary of the status of the Company’s restricted stock units as of September 30, 2013 and changes therein during the year then ended: | |||||||||||||
Number of | Weighted | ||||||||||||
Shares | Average | ||||||||||||
Awarded | Grant Date | ||||||||||||
Fair Value | |||||||||||||
Outstanding at September 30, 2012 | 1,579,513 | $ | 10.96 | ||||||||||
Granted | 116,500 | 9.43 | |||||||||||
Exercised | (204,732 | ) | 11.47 | ||||||||||
Forfeited | (37,097 | ) | 11.34 | ||||||||||
Outstanding at September 30, 2013 | 1,454,184 | $ | 10.76 | ||||||||||
Vested and exercisable, at September 30, 2013 | 351,795 | $ | 11.94 | ||||||||||
Vested and expected to vest, at September 30, 2013 | 1,447,297 | $ | 10.77 | ||||||||||
Summary Of The Company's Stock Option Activity And Related Information For The Equity Plan | ' | ||||||||||||
The following is a summary of the Company’s stock option activity and related information for the Equity Plan for the year ended September 30, 2013: | |||||||||||||
Number of | Weighted | Weighted | Aggregate | ||||||||||
Stock Options | Average | Average | Intrinsic | ||||||||||
Exercise | Remaining | Value | |||||||||||
Price | Contractual | ||||||||||||
Life | |||||||||||||
Outstanding at September 30, 2012 | 6,199,591 | $ | 11.28 | 6.7 | $ | 582 | |||||||
Granted | 583,500 | $ | 9.43 | ||||||||||
Exercised | (16,466 | ) | $ | 9.4 | $ | 31 | |||||||
Forfeited | (246,975 | ) | $ | 11.69 | $ | 60 | |||||||
Outstanding at September 30, 2013 | 6,519,650 | $ | 11.1 | 6 | $ | 6,484 | |||||||
Vested and exercisable at September 30, 2013 | 3,542,500 | $ | 11.83 | 5.4 | $ | 1,315 | |||||||
Vested or expected to vest at September 30, 2013 | 6,517,454 | $ | 11.1 | 6 | $ | 6,477 | |||||||
Fair Value Of The Option Grants Was Estimated On The Date Of Grant Using The Black-Scholes Option-Pricing Model | ' | ||||||||||||
The fair value of the option grants was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions. | |||||||||||||
2013 | 2012 | ||||||||||||
Expected dividend yield | — | % | — | % | |||||||||
Expected volatility | 26.89 | % | 28.54 | % | |||||||||
Risk-free interest rate | 0.98 | % | 1.19 | % | |||||||||
Expected option term (in years) | 6 | 6 | |||||||||||
Commitments_And_Contingent_Lia1
Commitments And Contingent Liabilities (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Commitments To Originate Loans | ' | |||||||||||
At September 30, 2013, the Company had commitments to originate loans as follows: | ||||||||||||
Fixed-rate mortgage loans | $ | 209,400 | ||||||||||
Adjustable-rate mortgage loans | 178,812 | |||||||||||
Equity loans and lines of credit including bridge loans | 11,170 | |||||||||||
Total | $ | 399,382 | ||||||||||
Unfunded Loan Commitments Outstanding | ' | |||||||||||
At September 30, 2013, the Company had unfunded commitments outstanding as follows: | ||||||||||||
Equity lines of credit | $ | 1,135,268 | ||||||||||
Construction loans | 42,019 | |||||||||||
Private equity investments | 12,941 | |||||||||||
Total | $ | 1,190,228 | ||||||||||
Summary Of Activity In The Liability For Unpaid Losses and Loss Adjustment Expenses | ' | |||||||||||
The following table summarizes the activity in the liability for unpaid losses and loss adjustment expenses: | ||||||||||||
September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 3,351 | $ | 4,023 | $ | 5,082 | ||||||
Incurred increase (decrease) | 287 | 797 | (57 | ) | ||||||||
Paid claims | (1,480 | ) | (1,469 | ) | (1,002 | ) | ||||||
Balance, end of period | $ | 2,158 | $ | 3,351 | $ | 4,023 | ||||||
Fair_Value_Tables
Fair Value (Tables) | 12 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||
Fair Value Of Assets And Liabilities Measured On Recurring Basis | ' | |||||||||||||||||||
Assets and liabilities carried at fair value on a recurring basis in the Consolidated Statements of Condition at September 30, 2013 and September 30, 2012 are summarized below. | ||||||||||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,037 | $ | — | $ | 2,037 | $ | — | ||||||||||||
Freddie Mac certificates | 950 | — | 950 | — | ||||||||||||||||
Ginnie Mae certificates | 12,342 | — | 12,342 | — | ||||||||||||||||
REMIC’s | 444,577 | — | 444,577 | — | ||||||||||||||||
Fannie Mae certificates | 11,995 | — | 11,995 | — | ||||||||||||||||
Money market accounts | 5,475 | 5,475 | — | — | ||||||||||||||||
Mortgage loans held for sale | 3,369 | — | 3,369 | — | ||||||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | 158 | — | — | 158 | ||||||||||||||||
Total | $ | 480,903 | $ | 5,475 | $ | 475,270 | $ | 158 | ||||||||||||
Liabilities | ||||||||||||||||||||
Derivatives: | ||||||||||||||||||||
Forward commitments for the sale of mortgage loans | $ | 6 | $ | — | $ | 6 | $ | — | ||||||||||||
Total | $ | 6 | $ | — | $ | 6 | $ | — | ||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,056 | $ | — | $ | 2,056 | $ | — | ||||||||||||
Freddie Mac certificates | 989 | — | 989 | — | ||||||||||||||||
Ginnie Mae certificates | 16,786 | — | 16,786 | — | ||||||||||||||||
REMIC’s | 386,009 | — | 386,009 | — | ||||||||||||||||
Fannie Mae certificates | 7,889 | — | 7,889 | — | ||||||||||||||||
Money market accounts | 7,701 | 7,701 | — | — | ||||||||||||||||
Mortgage loans held for sale | $ | 3,017 | $ | — | $ | 3,017 | $ | — | ||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | $ | 404 | $ | — | $ | — | $ | 404 | ||||||||||||
Total | $ | 424,851 | $ | 7,701 | $ | 416,746 | $ | 404 | ||||||||||||
Liabilities | ||||||||||||||||||||
Derivatives: | ||||||||||||||||||||
Forward commitments for the sale of mortgage loans | 243 | — | 243 | — | ||||||||||||||||
Total | $ | 243 | $ | — | $ | 243 | $ | — | ||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | |||||||||||||||||||
The table below presents a reconciliation of the beginning and ending balances and the location within the Consolidated Statements of Income where gains due to changes in fair value are recognized on interest rate lock commitments which are measured at fair value on a recurring basis using significant unobservable inputs (Level 3). | ||||||||||||||||||||
Interest Rate Lock Commitments | ||||||||||||||||||||
Year Ended September 30, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Beginning balance | $ | 404 | $ | — | $ | — | ||||||||||||||
(Loss) gain during the period due to changes in fair value: | ||||||||||||||||||||
Included in other non-interest income | (246 | ) | 404 | — | ||||||||||||||||
Ending balance | $ | 158 | $ | 404 | $ | — | ||||||||||||||
Change in unrealized gains for the period included in earnings for | $ | 158 | $ | 404 | $ | — | ||||||||||||||
assets held at end of the reporting date | ||||||||||||||||||||
Assets Measured At Fair Value On A Nonrecurring Basis | ' | |||||||||||||||||||
Summarized in the tables below are those assets measured at fair value on a nonrecurring basis. This includes loans held for investment that are individually evaluated for impairment, excluding performing troubled debt restructurings valued using the present value of cash flow method, and properties included in real estate owned that are carried at fair value less estimated costs to dispose at the reporting date. | ||||||||||||||||||||
Nonrecurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Impaired loans, net of allowance | $ | 146,941 | $ | — | $ | — | $ | 146,941 | ||||||||||||
Real estate owned(1) | 19,644 | — | — | 19,644 | ||||||||||||||||
Total | $ | 166,585 | $ | — | $ | — | $ | 166,585 | ||||||||||||
______________________ | ||||||||||||||||||||
(1) Amounts represent fair value measurements of properties before deducting estimated costs to dispose. | ||||||||||||||||||||
Nonrecurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2012 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | (Level 2) | Inputs | ||||||||||||||||||
(Level 1) | (Level 3) | |||||||||||||||||||
Impaired loans, net of allowance | $ | 159,069 | $ | — | $ | — | $ | 159,069 | ||||||||||||
Real estate owned(1) | 16,131 | — | — | 16,131 | ||||||||||||||||
Total | $ | 175,200 | $ | — | $ | — | $ | 175,200 | ||||||||||||
______________________ | ||||||||||||||||||||
(1) Amounts represent fair value measurements of properties before deducting estimated costs to dispose. | ||||||||||||||||||||
Schedule Of Quantitative Information About Significant Unobservable Inputs Categorized Within Level 3 Of The Fair Value Hierarchy | ' | |||||||||||||||||||
The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy. | ||||||||||||||||||||
Fair Value | Weighted | |||||||||||||||||||
9/30/13 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $146,941 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 9.30% | ||||||||||||||||
Interest rate lock commitments | $158 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 53.20% | |||||||||||||
Fair Value | Weighted | |||||||||||||||||||
9/30/12 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $159,069 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 10.50% | ||||||||||||||||
Interest rate lock commitments | $404 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 56.00% | |||||||||||||
Estimated Fair Value Of Financial Instruments | ' | |||||||||||||||||||
The following table presents the estimated fair value of the Company’s financial instruments. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. | ||||||||||||||||||||
September 30, 2013 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 34,694 | $ | 34,694 | $ | 34,694 | $ | — | $ | — | ||||||||||
Other interest bearing cash equivalents | 251,302 | 251,302 | 251,302 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 447,376 | 477,376 | 5,475 | 471,901 | — | |||||||||||||||
Mortgage loans held for sale | 4,179 | 4,222 | — | 4,222 | ||||||||||||||||
Loans-net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,079,966 | 10,344,246 | — | — | 10,344,246 | |||||||||||||||
Other loans | 4,100 | 4,353 | — | — | 4,353 | |||||||||||||||
Federal Home Loan Bank stock | 35,620 | 35,620 | N/A | — | — | |||||||||||||||
Private equity investments | 654 | 654 | — | — | 654 | |||||||||||||||
Accrued interest receivable | 31,489 | 31,489 | — | 31,489 | — | |||||||||||||||
Derivatives | 158 | 158 | — | — | 158 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,836,269 | $ | 2,836,269 | $ | — | $ | 2,836,269 | $ | — | ||||||||||
Certificates of deposit | 5,628,230 | 5,510,241 | — | 5,510,241 | — | |||||||||||||||
Borrowed funds | 745,117 | 745,294 | — | 745,294 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 71,388 | 71,388 | — | 71,388 | — | |||||||||||||||
Principal, interest and escrow owed on loans | 75,745 | 75,745 | — | 75,745 | — | |||||||||||||||
serviced | ||||||||||||||||||||
Derivatives | 6 | 6 | — | 6 | — | |||||||||||||||
September 30, 2012 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 38,914 | $ | 38,914 | $ | 38,914 | $ | — | $ | — | ||||||||||
Other interest bearing cash equivalents | 269,348 | 269,348 | 269,348 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 421,430 | 421,430 | 7,701 | 413,729 | — | |||||||||||||||
Mortgage loans held for sale | 124,528 | 129,358 | — | 129,358 | ||||||||||||||||
Loans-net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,220,377 | 10,630,220 | — | — | 10,630,220 | |||||||||||||||
Other loans | 4,612 | 4,957 | — | — | 4,957 | |||||||||||||||
Federal Home Loan Bank stock | 35,620 | 35,620 | N/A | — | — | |||||||||||||||
Private equity investments | 944 | 944 | — | — | 944 | |||||||||||||||
Accrued interest receivable | 34,887 | 34,887 | — | 34,887 | — | |||||||||||||||
Derivatives | 404 | 404 | — | — | 404 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,783,420 | $ | 2,783,420 | $ | — | $ | 2,783,420 | $ | — | ||||||||||
Certificates of deposit | 6,197,999 | 6,353,376 | — | 6,353,376 | — | |||||||||||||||
Borrowed funds | 488,191 | 490,880 | — | 490,880 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 67,864 | 67,864 | — | 67,864 | — | |||||||||||||||
Principal, interest and escrow owed on loans serviced | 127,539 | 127,539 | — | 127,539 | — | |||||||||||||||
Derivatives | 243 | 243 | — | 243 | — | |||||||||||||||
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 12 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | |||||||||||||
The following tables provide the locations within the Consolidated Statements of Condition and the fair values for derivatives not designated as hedging instruments. | ||||||||||||||
Asset Derivatives | ||||||||||||||
At September 30, 2013 | At September 30, 2012 | |||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||
Interest rate lock commitments | Other Assets | $ | 158 | Other Assets | $ | 404 | ||||||||
Liability Derivatives | ||||||||||||||
At September 30, 2013 | At September 30, 2012 | |||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||
Forward commitments for the sale of mortgage loans | Other Liabilities | $ | 6 | Other Liabilities | $ | 243 | ||||||||
Schedule of Effect of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | ' | |||||||||||||
The following table summarizes the location and amount of the gains and losses recognized within the Consolidated Statements of Income on derivative instruments not designated as hedging instruments. | ||||||||||||||
Location of Gain or (Loss) | Amount of Gain or (Loss) Recognized | |||||||||||||
Recognized in Income | in Income on Derivative | |||||||||||||
Year Ended September 30, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Interest rate lock commitments | Other non-interest income | $ | (246 | ) | $ | 404 | $ | — | ||||||
Forward commitments for the sale of mortgage loans | Net gain (loss) on the sale of loans | 237 | (243 | ) | — | |||||||||
Total | $ | (9 | ) | $ | 161 | $ | — | |||||||
Parent_Company_Only_Financial_1
Parent Company Only Financial Statements (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||
Schedule Of Statements Of Condition | ' | |||||||||||
September 30, | ||||||||||||
2013 | 2012 | |||||||||||
Statements of Condition | ||||||||||||
Assets: | ||||||||||||
Cash and due from banks | $ | 2,099 | $ | 1,706 | ||||||||
Mortgage backed securities—available for sale | — | 390 | ||||||||||
Other loans: | ||||||||||||
Demand loan due from Third Federal Savings and Loan | 170,068 | 164,515 | ||||||||||
Employee Stock Ownership Plan (ESOP) loan receivable | 76,066 | 79,381 | ||||||||||
Accrued interest receivable | 1,851 | 1,933 | ||||||||||
Investments in: | ||||||||||||
Third Federal Savings and Loan | 1,589,298 | 1,526,125 | ||||||||||
Non-thrift subsidiaries | 78,010 | 77,496 | ||||||||||
Prepaid federal and state taxes | 1,898 | 1,267 | ||||||||||
Deferred income taxes | 2,494 | 1,534 | ||||||||||
Other assets | 4,957 | 4,945 | ||||||||||
Total assets | $ | 1,926,741 | $ | 1,859,292 | ||||||||
Liabilities and shareholders’ equity: | ||||||||||||
Line of credit due non-thrift subsidiary | $ | 53,120 | $ | 51,172 | ||||||||
Accrued expenses and other liabilities | 2,144 | 1,270 | ||||||||||
Total liabilities | 55,264 | 52,442 | ||||||||||
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | — | — | ||||||||||
Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 309,230,591 and 309,009,393 outstanding at September 30, 2013 and September 30, 2012, respectively | 3,323 | 3,323 | ||||||||||
Paid-in capital | 1,696,370 | 1,691,884 | ||||||||||
Treasury stock, at cost; 23,088,159 and 23,309,357 shares at September 30, 2013 and September 30, 2012, respectively | (278,215 | ) | (280,937 | ) | ||||||||
Unallocated ESOP shares | (70,418 | ) | (74,751 | ) | ||||||||
Retained earnings—substantially restricted | 529,021 | 473,247 | ||||||||||
Accumulated other comprehensive loss | (8,604 | ) | (5,916 | ) | ||||||||
Total shareholders’ equity | 1,871,477 | 1,806,850 | ||||||||||
Total liabilities and shareholders’ equity | $ | 1,926,741 | $ | 1,859,292 | ||||||||
Schedule Of Statements Of Income | ' | |||||||||||
Years Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statements of Comprehensive Income | ||||||||||||
Interest income: | ||||||||||||
Loans, including amortization of deferred costs | $ | — | $ | 3 | $ | 5 | ||||||
Demand loan due from Third Federal Savings and Loan | 203 | 164 | 203 | |||||||||
ESOP loan | 2,499 | 2,608 | 2,710 | |||||||||
Mortgage backed securities—available for sale | — | 6 | 11 | |||||||||
Total interest income | 2,702 | 2,781 | 2,929 | |||||||||
Interest expense: | ||||||||||||
Borrowed funds from non-thrift subsidiaries | 116 | 107 | 208 | |||||||||
Total interest expense | 116 | 107 | 208 | |||||||||
Net interest income | 2,586 | 2,674 | 2,721 | |||||||||
Non-interest income: | ||||||||||||
Intercompany service charges | 600 | 600 | 600 | |||||||||
Total other income | 600 | 600 | 600 | |||||||||
Non-interest expenses: | ||||||||||||
Salaries and employee benefits | 6,015 | 4,981 | 5,411 | |||||||||
Professional services | 904 | 980 | 972 | |||||||||
Office property and equipment | 13 | 13 | 13 | |||||||||
Other operating expenses | 40 | 20 | 68 | |||||||||
Total non-interest expenses | 6,972 | 5,994 | 6,464 | |||||||||
Loss before income taxes | (3,786 | ) | (2,720 | ) | (3,143 | ) | ||||||
Income tax benefit | (1,715 | ) | (1,951 | ) | (304 | ) | ||||||
Loss before undistributed earnings of subsidiaries | (2,071 | ) | (769 | ) | (2,839 | ) | ||||||
Equity in undistributed earnings of subsidiaries: | ||||||||||||
Third Federal Savings and Loan | 57,516 | 11,769 | 8,327 | |||||||||
Non-thrift subsidiaries | 514 | 479 | 3,852 | |||||||||
Net income | 55,959 | 11,479 | 9,340 | |||||||||
Change in net unrealized (losses) gains on securities available for sale | (4,746 | ) | 2,520 | — | ||||||||
Change in pension obligation | 2,058 | 7,841 | 1,779 | |||||||||
Total other comprehensive (loss) income | (2,688 | ) | 10,361 | 1,779 | ||||||||
Total comprehensive income | $ | 53,271 | $ | 21,840 | $ | 11,119 | ||||||
Schedule Of Statements Of Cash Flows | ' | |||||||||||
Years Ended September 30, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Statements of Cash Flows | ||||||||||||
Cash flows from operating activities: | ||||||||||||
Net income | $ | 55,959 | $ | 11,479 | $ | 9,340 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Equity in undistributed earnings of subsidiaries: | ||||||||||||
Third Federal Savings and Loan | (57,516 | ) | (11,769 | ) | (8,327 | ) | ||||||
Non-thrift subsidiaries | (514 | ) | (479 | ) | (3,852 | ) | ||||||
Deferred income taxes | (960 | ) | 530 | 1,432 | ||||||||
Stock-based compensation expense | 3,010 | 2,787 | 3,372 | |||||||||
Excess tax benefit deficiency related to stock-based compensation | — | — | (230 | ) | ||||||||
Net increase in interest receivable and other assets | (561 | ) | (712 | ) | (364 | ) | ||||||
Net increase in accrued expenses and other liabilities | 874 | 65 | 561 | |||||||||
Other | 6 | (6 | ) | 46 | ||||||||
Net cash provided by operating activities | 298 | 1,895 | 1,978 | |||||||||
Cash flows from investing activities: | ||||||||||||
Principal collected on loans, net of originations | — | 42 | 4 | |||||||||
Proceeds from principal repayments and maturities of securities available for sale | 385 | 612 | 846 | |||||||||
(Increase) decrease in balances lent to Third Federal Savings and Loan | (5,553 | ) | (7,536 | ) | 143,422 | |||||||
Capital contributions to insured thrift institution subsidiaries | — | — | (150,000 | ) | ||||||||
Net cash used in investing activities | (5,168 | ) | (6,882 | ) | (5,728 | ) | ||||||
Cash flows from financing activities: | ||||||||||||
Principal reduction of ESOP loan | 3,315 | 3,210 | 3,109 | |||||||||
Net increase in borrowings from non-thrift subsidiaries | 1,948 | 2,420 | 1,506 | |||||||||
Net cash provided by financing activities | 5,263 | 5,630 | 4,615 | |||||||||
Net increase in cash and cash equivalents | 393 | 643 | 865 | |||||||||
Cash and cash equivalents—beginning of year | 1,706 | 1,063 | 198 | |||||||||
Cash and cash equivalents—end of year | $ | 2,099 | $ | 1,706 | $ | 1,063 | ||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||
Summary Of Earnings Per Share | ' | ||||||||||
The following is a summary of the Company’s earnings per share calculations. | |||||||||||
For the Year Ended September 30, 2013 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 55,959 | |||||||||
Less: income allocated to restricted stock units | 286 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 55,673 | 301,832,758 | $ | 0.18 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 914,008 | ||||||||||
Income available to common shareholders | $ | 55,673 | 302,746,766 | $ | 0.18 | ||||||
For the Year Ended September 30, 2012 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 11,479 | |||||||||
Less: income allocated to restricted stock units | 60 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 11,419 | 301,226,639 | $ | 0.04 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 543,699 | ||||||||||
Income available to common shareholders | $ | 11,419 | 301,770,338 | $ | 0.04 | ||||||
For the Year Ended September 30, 2011 | |||||||||||
Income | Shares | Per share | |||||||||
amount | |||||||||||
(Dollars in thousands, except per share data) | |||||||||||
Net income | $ | 9,340 | |||||||||
Less: income allocated to restricted stock units | 50 | ||||||||||
Basic earnings per share: | |||||||||||
Income available to common shareholders | 9,290 | 300,358,096 | $ | 0.03 | |||||||
Diluted earnings per share: | |||||||||||
Effect of dilutive potential common shares | 611,748 | ||||||||||
Income available to common shareholders | $ | 9,290 | 300,969,844 | $ | 0.03 | ||||||
Selected_Quarterly_Data_Tables
Selected Quarterly Data (Tables) | 12 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Selected Quarterly Financial Information [Abstract] | ' | |||||||||||||||
Summary Of Certain Quarterly Financial Data | ' | |||||||||||||||
The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2013 and 2012. | ||||||||||||||||
Fiscal 2013 Quarter Ended | ||||||||||||||||
December 31 | March 31 | June 30 | September 30 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
Interest income | $ | 100,388 | $ | 96,835 | $ | 94,204 | $ | 92,545 | ||||||||
Interest expense | 31,972 | 28,905 | 28,076 | 26,466 | ||||||||||||
Net interest income | 68,416 | 67,930 | 66,128 | 66,079 | ||||||||||||
Provision for loan losses | 18,000 | 10,000 | 5,000 | 4,000 | ||||||||||||
Net interest income after provision for loan losses | 50,416 | 57,930 | 61,128 | 62,079 | ||||||||||||
Non-interest income | 8,247 | 6,106 | 8,824 | 5,291 | ||||||||||||
Non-interest expense | 42,534 | 45,229 | 46,266 | 43,631 | ||||||||||||
Earnings before income tax | 16,129 | 18,807 | 23,686 | 23,739 | ||||||||||||
Income tax expense | 4,976 | 6,017 | 7,439 | 7,970 | ||||||||||||
Net earnings | $ | 11,153 | $ | 12,790 | $ | 16,247 | $ | 15,769 | ||||||||
Earnings per share—basic and diluted | $ | 0.04 | $ | 0.04 | $ | 0.05 | $ | 0.05 | ||||||||
Fiscal 2012 Quarter Ended | ||||||||||||||||
December 31 | March 31 | June 30 | September 30 | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
Interest income | $ | 105,535 | $ | 104,818 | $ | 104,225 | $ | 103,275 | ||||||||
Interest expense | 41,280 | 39,033 | 38,361 | 36,972 | ||||||||||||
Net interest income | 64,255 | 65,785 | 65,864 | 66,303 | ||||||||||||
Provision for loan losses | 15,000 | 27,000 | 31,000 | 29,000 | ||||||||||||
Net interest income after provision for loan losses | 49,255 | 38,785 | 34,864 | 37,303 | ||||||||||||
Non-interest income | 5,709 | 6,411 | 6,311 | 5,963 | ||||||||||||
Non-interest expense | 42,479 | 43,320 | 40,742 | 44,448 | ||||||||||||
Earnings (loss) before income tax | 12,485 | 1,876 | 433 | (1,182 | ) | |||||||||||
Income tax expense (benefit) | 4,026 | 854 | (459 | ) | (2,288 | ) | ||||||||||
Net earnings | $ | 8,459 | $ | 1,022 | $ | 892 | $ | 1,106 | ||||||||
Earnings per share—basic and diluted | $ | 0.03 | $ | — | $ | — | $ | — | ||||||||
Summary_Of_Significant_Account2
Summary Of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Nov. 18, 2013 | Sep. 30, 2013 | |
Office Facilities [Member] | Office Facilities [Member] | Software [Member] | Software [Member] | Equipment [Member] | Equipment [Member] | Third Federal Savings MHC Member | Third Federal Savings And Loan Member | |||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | offices | ||||
branches | ||||||||||
Percentage of shares outstanding owned by TFS MHC | ' | ' | ' | ' | ' | ' | ' | ' | 73.94% | ' |
Full-service branches | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38 |
Loan production offices | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 |
Useful life | ' | ' | '20 years | '50 years | '3 years | '10 years | '3 years | '10 years | ' | ' |
Goodwill | $9,732,000 | $9,732,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, impairment | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock_Transactions_Details
Stock Transactions (Details) | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Mar. 12, 2009 | Apr. 20, 2007 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
TFS Financial Corporation [Member] | TFS Financial Corporation [Member] | TFS Financial Corporation [Member] | Third Federal Savings MHC Member | ||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Initial public stock offering completion date | 'AprilB 20, 2007 | ' | ' | ' | ' | ' | ' |
Number of shares sold by TFS Financial Corporation | ' | ' | ' | 100,199,618 | ' | ' | ' |
Percentage of post- offering outstanding common stock | ' | ' | ' | 30.16% | ' | ' | 1.50% |
Number of shares held by Third Federal Savings, MHC | ' | ' | ' | ' | ' | ' | 227,119,132 |
Common stock, shares issued to TFS Foundation | 332,318,750 | 332,318,750 | ' | ' | 332,318,750 | 332,318,750 | 5,000,000 |
Number of shares authorized to be repurchased under fourth repurchase program | ' | ' | 3,300,000 | ' | ' | ' | ' |
Shares repurchased | 0 | ' | ' | ' | ' | ' | ' |
Number of shares remaining to repurchase under fourth repurchase program | 2,156,250 | ' | ' | ' | ' | ' | ' |
Number of shares repurchased under previous repurchase plans | 23,000,000 | ' | ' | ' | ' | ' | ' |
Regulatory_Matters_Regulatory_
Regulatory Matters Regulatory Matters (Narrative) (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Regulatory Matters [Abstract] | ' | ' |
Dividends paid to the Company | ' | $0 |
Number of shares remaining to repurchase under fourth repurchase program | 2,156,250 | 2,156,250 |
Noncontrolling interest, percentage, dividends paid to prior to suspension of dividends | 26.60% | 26.60% |
Mutual Holding Company Members Approval of Dividend Waiver, Maximum Number of Months Prior to Declaration | '12 months | ' |
Regulatory_Matters_Summary_Of_
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios Compared To Minimum Requirements) (Details) (Third Federal Savings And Loan Member, USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Third Federal Savings And Loan Member | ' | ' |
Actual [Abstract] | ' | ' |
Total Capital to Risk-Weighted Assets, Actual Amount | $1,678,493 | $1,618,653 |
Core Capital to Adjusted Tangible Assets, Actual Amount | 1,591,373 | 1,527,353 |
Tier 1 Capital to Risk-Weighted Assets, Actual Amount | 1,591,373 | 1,527,353 |
Total Capital to Risk-Weighted Assets, Actual Ratio | 24.10% | 22.19% |
Core Capitalto Adjusted Tangible Assets, Actual Ratio | 14.18% | 13.31% |
Tier 1 Capital to Risk Weighted Assets, Actual Ratio | 22.85% | 20.94% |
For Capital Adequacy Purposes [Abstract] | ' | ' |
Total Capital to Risk-Weighted Assets Required For Capital Adequacy Purposes, Minimum Amount | 557,133 | 583,586 |
Core Capital to Adjusted Tangible Assets Required For Capital Adequacy Purposes, Minimum Amount | 449,023 | 458,910 |
Total Capital to Risk-Weighted Assets Required For Capital Adequacy Purposes, Minimum Ratio | 8.00% | 8.00% |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
To Be Well Capitalized Under Prompt Corrective Action Provision [Abstract] | ' | ' |
Total Capital to Risk-Weighted Assets Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Amount | 696,416 | 729,482 |
Core Capital to Adjusted Tangible Assets Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Amount | 561,279 | 573,637 |
Tier 1 Capital to Risk-Weighted Assets, Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Amount | $417,850 | $437,689 |
Total Capital to Risk-Weighted Assets Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Ratio | 10.00% | 10.00% |
Core Capital to Adjusted Tangible Assets Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Ratio | 5.00% | 5.00% |
Tier 1 Capital to Risk-Weighted Assets Required To be Well Capitalized Under Prompt Corrective Action Provision, Minimum Ratio | 6.00% | 6.00% |
Regulatory_Matters_Reconciliat
Regulatory Matters (Reconciliation Of Association's Total Capital Under GAAP To Regulatory Capital Amounts) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 |
In Thousands, unless otherwise specified | ||||
Reconciliation of GAAP Capital to Regulatory Capital [Line Items] | ' | ' | ' | ' |
Total shareholders' equity | $1,871,477 | $1,806,850 | $1,773,924 | $1,752,897 |
Third Federal Savings And Loan Member | ' | ' | ' | ' |
Reconciliation of GAAP Capital to Regulatory Capital [Line Items] | ' | ' | ' | ' |
Total shareholders' equity | 1,589,459 | 1,526,286 | ' | ' |
Intangible Assets, Net (Including Goodwill) | 6,690 | 4,848 | ' | ' |
AOCI related to pension obligation | 6,467 | 8,526 | ' | ' |
Other | 2,137 | -2,611 | ' | ' |
Tier One Leverage Capital | 1,591,373 | 1,527,353 | ' | ' |
Tier Two Risk Based Capital | 87,120 | 91,300 | ' | ' |
Total risk based capital | $1,678,493 | $1,618,653 | ' | ' |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Investments [Abstract] | ' |
Proceeds from Sale and Maturity of Marketable Securities | $0 |
Available-for-sale securities, debt maturities, within one year, amortized cost | 2,000 |
Available-for-sale securities, debt maturities, within one year, fair value | $2,037 |
Investment_Securities_Investme
Investment Securities (Investments Securities Available For Sale) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | $480,664 | $417,416 |
Available for Sale Securities Gross Unrealized Gains | 2,827 | 4,322 |
Available for Sale Securities Gross Unrealized Losses | 6,115 | 308 |
Investments securities available for sale, Fair Value | 477,376 | 421,430 |
U.S. government and agency obligations [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 2,000 | 2,000 |
Available for Sale Securities Gross Unrealized Gains | 37 | 56 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Investments securities available for sale, Fair Value | 2,037 | 2,056 |
Freddie Mac Certificates [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 894 | 922 |
Available for Sale Securities Gross Unrealized Gains | 56 | 67 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Investments securities available for sale, Fair Value | 950 | 989 |
Ginnie Mae Certificates [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 11,919 | 16,123 |
Available for Sale Securities Gross Unrealized Gains | 423 | 663 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Investments securities available for sale, Fair Value | 12,342 | 16,786 |
REMIC's [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 448,881 | 383,545 |
Available for Sale Securities Gross Unrealized Gains | 1,506 | 2,772 |
Available for Sale Securities Gross Unrealized Losses | 5,810 | 308 |
Investments securities available for sale, Fair Value | 444,577 | 386,009 |
Fannie Mae Certificates [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 11,495 | 7,125 |
Available for Sale Securities Gross Unrealized Gains | 805 | 764 |
Available for Sale Securities Gross Unrealized Losses | 305 | 0 |
Investments securities available for sale, Fair Value | 11,995 | 7,889 |
Money Market Accounts [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 5,475 | 7,701 |
Available for Sale Securities Gross Unrealized Gains | 0 | 0 |
Available for Sale Securities Gross Unrealized Losses | 0 | 0 |
Investments securities available for sale, Fair Value | $5,475 | $7,701 |
Investment_Securities_Gross_Un
Investment Securities (Gross Unrealized Losses On Securities And The Estimated Fair Value Of The Related Securities) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Available for sale - REMICs, Less Than 12 Months, Estimated Fair Value | $242,580 | ' |
Available for sale - REMICs, Less Than 12 Months, Unrealized Loss | 5,289 | ' |
Available for sale - REMICs, 12 Months or More, Estimated Fair Value | 45,768 | ' |
Available for sale - REMICs, 12 Months or More, Unrealized Loss | 826 | ' |
Available for sale - REMICs, Total, Estimated Fair Value | 288,348 | ' |
Available for sale - REMICs, Total, Unrealized Loss | 6,115 | ' |
REMIC's [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Available for sale - REMICs, Less Than 12 Months, Estimated Fair Value | 237,774 | 80,219 |
Available for sale - REMICs, Less Than 12 Months, Unrealized Loss | 4,984 | 291 |
Available for sale - REMICs, 12 Months or More, Estimated Fair Value | 45,768 | 6,550 |
Available for sale - REMICs, 12 Months or More, Unrealized Loss | 826 | 17 |
Available for sale - REMICs, Total, Estimated Fair Value | 283,542 | 86,769 |
Available for sale - REMICs, Total, Unrealized Loss | 5,810 | 308 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Available for sale - REMICs, Less Than 12 Months, Estimated Fair Value | 4,806 | ' |
Available for sale - REMICs, Less Than 12 Months, Unrealized Loss | 305 | ' |
Available for sale - REMICs, 12 Months or More, Estimated Fair Value | 0 | ' |
Available for sale - REMICs, 12 Months or More, Unrealized Loss | 0 | ' |
Available for sale - REMICs, Total, Estimated Fair Value | 4,806 | ' |
Available for sale - REMICs, Total, Unrealized Loss | $305 | ' |
Loans_And_Allowance_For_Loan_L2
Loans And Allowance For Loan Losses (Narrative) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 |
loans | ||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Long-term, fixed-rate loans held for sale | $4,179 | $124,528 | ' | ' |
Allowance for loan and lease losses, write-offs | 52,858 | 162,880 | 77,164 | ' |
Loan-to-value Ratio | 100.00% | ' | ' | ' |
Nonaccrual, days past due | '90 days | ' | ' | ' |
Nonaccrual status prior to restructuring, minimum (in months) | '6 months | ' | ' | ' |
Specific valuation allowance charged-off per OCC directive | ' | ' | ' | 55,507 |
Allowance For Loan And Lease Losses WriteOffs, Bankruptcy | -15,827 | ' | ' | ' |
Recorded investment of performing second lien loans subordinate to a first mortgage include in non-accrual status | 5,277 | 8,807 | ' | ' |
Days past due to place mortgage on non-accrual status | '90 days | ' | ' | ' |
Loans past due, considered as impaired or on nonaccrual status | 155,845 | 182,560 | ' | ' |
Loans and leases receivable, net reported amount | 10,084,066 | 10,224,989 | ' | ' |
Allowance on performing second liens subordinate to first mortgage delinquent, days past due | '90 days | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 15,838 | 19,936 | ' | ' |
Percentage of Home Today loans that include private mortgage insurance coverage | 50.00% | 54.00% | ' | ' |
Percentage of reduction of claims | 50.00% | ' | ' | ' |
Real estate loans | 10,227,692 | 10,376,138 | ' | ' |
Loans were covered by mortgage insurers that were deferring claim payments or which we assessed as being non-investment grade, number | 0 | ' | ' | ' |
Loans modified in troubled debt restructurings | 201,692 | 221,399 | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 9,913,562 | 10,026,583 | ' | ' |
Loans modified in troubled debt restructurings 90 days or more past due | 30,550 | 39,127 | ' | ' |
Loans modified in troubled debt restructurings, number of days past due | '90 days | ' | ' | ' |
Residential mortgage loan chargeoff days past due | '180 days | ' | ' | ' |
Home equity lines of credit equity loans and residential loans modified in a troubled debt restructuring chargeoffs days past due | '90 days | ' | ' | ' |
Construction loans to builders chargeoffs days past due | '90 days | ' | ' | ' |
All classes of loans sheriff sale scheduled number of days to sell | '60 days | ' | ' | ' |
All classes of loans borrowered filed bankruptcy, days past due | '30 days | ' | ' | ' |
Allowance for loan losses | 92,537 | 100,464 | 156,978 | 133,240 |
Loan modified in a troubled debt restructuring is no longer classified as an impaired loan, number of years | '1 year | ' | ' | ' |
Troubled debt restructurings removed from impaired loans, number | 0 | ' | ' | ' |
Interest income on impaired loans using a cash-basis method | 1,463 | 1,734 | 1,064 | ' |
Investment Loan Receivables, Loan Consideration Past Due On Schedule Payments | '1 month | ' | ' | ' |
Investment Loan Receivables, Loan Consideration Past Due | '30 days | ' | ' | ' |
Impaired financing receivable, recorded investment | 263,041 | 298,870 | ' | ' |
Consumer loans assigned grade of nonperforming, days past due | '90 days | ' | ' | ' |
Credit Quality Of Consumer Loan Receivables, Nonperforming | 0 | ' | ' | ' |
Residential Home Today [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Home Today loans | 174,974 | 204,733 | ' | ' |
Ohio [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Residential real estate loans held | 74.00% | 77.00% | ' | ' |
Home equity loans and lines of credit held | 39.00% | 39.00% | ' | ' |
Florida [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Residential real estate loans held | 18.00% | 17.00% | ' | ' |
Home equity loans and lines of credit held | 29.00% | 29.00% | ' | ' |
California [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Home equity loans and lines of credit held | 12.00% | 12.00% | ' | ' |
Allowances on performing second liens subordinate to first mortgages [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses | 0 | 1,550 | ' | ' |
Further Deterioration In Fair Value Of Collateral [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses | 89 | 666 | ' | ' |
Minimum [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Loan modified in a troubled debt restructuring is classified as an impaired loan, number of years | '1 year | ' | ' | ' |
PMIC [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Percentage of claims payments paid | 55.00% | ' | ' | ' |
Real estate loans | 236,713 | 303,621 | ' | ' |
Real estate loans, current | 214,920 | 273,225 | ' | ' |
MGIC [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | 91,478 | 118,055 | ' | ' |
Real estate loans, current | 90,099 | 116,132 | ' | ' |
Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Maximum number of years interest only | '10 years | ' | ' | ' |
Maximum term years after interest loan converted to fully amortizing | '20 years | ' | ' | ' |
Residential Mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Maximum number of years interest only | '5 years | ' | ' | ' |
Maximum term years after interest loan converted to fully amortizing | '30 years | ' | ' | ' |
Performing Financing Receivable [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Loans past due, considered as impaired or on nonaccrual status | 54,311 | 47,742 | ' | ' |
Performing Financing Receivable [Member] | Total Real Estate Loans [Member] | Present Value Of Cash Flows [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 15,749 | 17,720 | ' | ' |
Pass [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Loans modified in troubled debt restructurings | 113,520 | 133,508 | ' | ' |
Special Mention [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 9,193 | 9,868 | ' | ' |
Substandard [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Financing Receivable, Collectively Evaluated for Impairment | 17,396 | 20,475 | ' | ' |
Bankruptcy [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Loans modified in troubled debt restructurings | 64,589 | 70,895 | ' | ' |
Bankruptcy [Member] | Performing Financing Receivable [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Loans past due, considered as impaired or on nonaccrual status | $34,001 | $30,631 | ' | ' |
Loans_And_Allowance_For_Loan_L3
Loans And Allowance For Loan Losses (Loans Held For Investment) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 |
In Thousands, unless otherwise specified | ||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | $10,227,692 | $10,376,138 | ' | ' |
Consumer and other loans | 4,100 | 4,612 | ' | ' |
Deferred loan fees-net | -13,171 | -18,561 | ' | ' |
Loans-in-process ("LIP") | -42,018 | -36,736 | ' | ' |
Allowance for loan losses | -92,537 | -100,464 | -156,978 | -133,240 |
Loans, net | 10,084,066 | 10,224,989 | ' | ' |
Residential Non-Home Today [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | 8,118,511 | 7,943,165 | ' | ' |
Residential Home Today [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | 178,353 | 208,325 | ' | ' |
Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | 1,858,398 | 2,155,496 | ' | ' |
Construction [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Real estate loans | $72,430 | $69,152 | ' | ' |
Loans_And_Allowance_For_Loan_L4
Loans And Allowance For Loan Losses (Summary Of Interest Only Loans) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Interest Only Loans [Line Items] | ' | ' |
Interest only paid loans | $1,683,270 | $1,995,100 |
Residential Non-Home Today [Member] | ' | ' |
Interest Only Loans [Line Items] | ' | ' |
Interest only paid loans | 2,353 | 11,519 |
Equity Lines Of Credit [Member] | ' | ' |
Interest Only Loans [Line Items] | ' | ' |
Interest only paid loans | $1,680,917 | $1,983,581 |
Loans_And_Allowance_For_Loan_L5
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment Of Loan Receivables In Non-Accrual Status) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | $155,845 | $182,560 |
Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | 91,048 | 105,780 |
Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | 34,813 | 41,087 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | 29,943 | 35,316 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | 41 | 377 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | 155,845 | 182,560 |
Consumer And Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total real estate loans | $0 | $0 |
Loans_And_Allowance_For_Loan_L6
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment In Loan Receivables That Are Past Due) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | $31,490 | $34,565 |
60-89 Days Past Due | 15,639 | 18,607 |
90 Days or More Past Due | 86,908 | 119,288 |
Total Past Due | 134,037 | 172,460 |
Current | 10,042,566 | 10,152,993 |
Recorded investment, Total | 10,176,603 | 10,325,453 |
Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 15,398 | 15,015 |
60-89 Days Past Due | 4,874 | 10,661 |
90 Days or More Past Due | 56,484 | 74,807 |
Total Past Due | 76,756 | 100,483 |
Current | 8,024,657 | 7,818,927 |
Recorded investment, Total | 8,101,413 | 7,919,410 |
Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 8,597 | 10,874 |
60-89 Days Past Due | 5,989 | 4,736 |
90 Days or More Past Due | 18,341 | 27,517 |
Total Past Due | 32,927 | 43,127 |
Current | 142,666 | 161,743 |
Recorded investment, Total | 175,593 | 204,870 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 7,495 | 8,676 |
60-89 Days Past Due | 4,776 | 3,210 |
90 Days or More Past Due | 12,042 | 16,587 |
Total Past Due | 24,313 | 28,473 |
Current | 1,841,111 | 2,136,255 |
Recorded investment, Total | 1,865,424 | 2,164,728 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 41 | 377 |
Total Past Due | 41 | 377 |
Current | 30,032 | 31,456 |
Recorded investment, Total | 30,073 | 31,833 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 31,490 | 34,565 |
60-89 Days Past Due | 15,639 | 18,607 |
90 Days or More Past Due | 86,908 | 119,288 |
Total Past Due | 134,037 | 172,460 |
Current | 10,038,466 | 10,148,381 |
Recorded investment, Total | 10,172,503 | 10,320,841 |
Consumer And Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 0 |
90 Days or More Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 4,100 | 4,612 |
Recorded investment, Total | $4,100 | $4,612 |
Loans_And_Allowance_For_Loan_L7
Loans And Allowance For Loan Losses (Schedule Of Activity In The Allowance For Loan Losses) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | $100,464 | ' | ' | ' | $156,978 | $100,464 | $156,978 | $133,240 |
Provision for loan losses | 4,000 | 5,000 | 10,000 | 18,000 | 29,000 | 31,000 | 27,000 | 15,000 | 37,000 | 102,000 | 98,500 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -52,858 | -162,880 | -77,164 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 7,931 | 4,366 | 2,402 |
Ending Balance | 92,537 | ' | ' | ' | 100,464 | ' | ' | ' | 92,537 | 100,464 | 156,978 |
Residential Non-Home Today [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 31,618 | ' | ' | ' | 49,484 | 31,618 | 49,484 | 41,246 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 18,467 | 36,646 | 25,704 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -16,719 | -55,362 | -17,804 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 2,061 | 850 | 338 |
Ending Balance | 35,427 | ' | ' | ' | 31,618 | ' | ' | ' | 35,427 | 31,618 | 49,484 |
Residential Home Today [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 22,588 | ' | ' | ' | 31,025 | 22,588 | 31,025 | 13,331 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 13,051 | 34,616 | 24,537 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -12,302 | -43,215 | -6,951 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 775 | 162 | 108 |
Ending Balance | 24,112 | ' | ' | ' | 22,588 | ' | ' | ' | 24,112 | 22,588 | 31,025 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 45,508 | ' | ' | ' | 74,071 | 45,508 | 74,071 | 73,780 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 5,889 | 31,154 | 49,784 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -23,543 | -63,035 | -51,414 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 4,964 | 3,318 | 1,921 |
Ending Balance | 32,818 | ' | ' | ' | 45,508 | ' | ' | ' | 32,818 | 45,508 | 74,071 |
Construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 750 | ' | ' | ' | 2,398 | 750 | 2,398 | 4,882 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -407 | -416 | -1,525 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -294 | -1,268 | -994 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 131 | 36 | 35 |
Ending Balance | 180 | ' | ' | ' | 750 | ' | ' | ' | 180 | 750 | 2,398 |
Total Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 100,464 | ' | ' | ' | 156,978 | 100,464 | 156,978 | 133,239 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 37,000 | 102,000 | 98,500 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -52,858 | -162,880 | -77,163 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 7,931 | 4,366 | 2,402 |
Ending Balance | 92,537 | ' | ' | ' | 100,464 | ' | ' | ' | 92,537 | 100,464 | 156,978 |
Consumer And Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | 0 | 1 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -1 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Ending Balance | $0 | ' | ' | ' | $0 | ' | ' | ' | $0 | $0 | $0 |
Loans_And_Allowance_For_Loan_L8
Loans And Allowance For Loan Losses (Summary Of Recorded Investment In Loan Receivables) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | $263,041 | $298,870 |
Recorded investment, Collectively | 9,913,562 | 10,026,583 |
Recorded investment, Total | 10,176,603 | 10,325,453 |
Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 149,102 | 165,121 |
Recorded investment, Collectively | 7,952,311 | 7,754,289 |
Recorded investment, Total | 8,101,413 | 7,919,410 |
Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 79,065 | 95,355 |
Recorded investment, Collectively | 96,528 | 109,515 |
Recorded investment, Total | 175,593 | 204,870 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 34,387 | 37,016 |
Recorded investment, Collectively | 1,831,037 | 2,127,712 |
Recorded investment, Total | 1,865,424 | 2,164,728 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 487 | 1,378 |
Recorded investment, Collectively | 29,586 | 30,455 |
Recorded investment, Total | 30,073 | 31,833 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 263,041 | 298,870 |
Recorded investment, Collectively | 9,909,462 | 10,021,971 |
Recorded investment, Total | 10,172,503 | 10,320,841 |
Consumer And Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded investment, Individually | 0 | 0 |
Recorded investment, Collectively | 4,100 | 4,612 |
Recorded investment, Total | $4,100 | $4,612 |
Loans_And_Allowance_For_Loan_L9
Loans And Allowance For Loan Losses (Schedule Of Allowance For Loan Losses According To The Method Of Evaluation) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 |
In Thousands, unless otherwise specified | ||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | $15,838 | $19,936 | ' | ' |
Allowance for loan losses, Collectively | 76,699 | 80,528 | ' | ' |
Allowance for loan losses, Total | 92,537 | 100,464 | 156,978 | 133,240 |
Residential Non-Home Today [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 7,138 | 6,220 | ' | ' |
Allowance for loan losses, Collectively | 28,289 | 25,398 | ' | ' |
Allowance for loan losses, Total | 35,427 | 31,618 | 49,484 | 41,246 |
Residential Home Today [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 7,677 | 9,747 | ' | ' |
Allowance for loan losses, Collectively | 16,435 | 12,841 | ' | ' |
Allowance for loan losses, Total | 24,112 | 22,588 | 31,025 | 13,331 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 1,018 | 3,928 | ' | ' |
Allowance for loan losses, Collectively | 31,800 | 41,580 | ' | ' |
Allowance for loan losses, Total | 32,818 | 45,508 | 74,071 | 73,780 |
Construction [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 5 | 41 | ' | ' |
Allowance for loan losses, Collectively | 175 | 709 | ' | ' |
Allowance for loan losses, Total | 180 | 750 | 2,398 | 4,882 |
Total Real Estate Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 15,838 | 19,936 | ' | ' |
Allowance for loan losses, Collectively | 76,699 | 80,528 | ' | ' |
Allowance for loan losses, Total | 92,537 | 100,464 | 156,978 | 133,239 |
Consumer And Other Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Allowance for loan losses, Individually | 0 | 0 | ' | ' |
Allowance for loan losses, Collectively | 0 | 0 | ' | ' |
Allowance for loan losses, Total | $0 | $0 | $0 | $1 |
Recovered_Sheet1
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment And The Unpaid Principal Balance Of Impaired Loans) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | $147,119 | $158,172 |
With no related allowance recorded, Unpaid Principal Balance | 239,976 | 238,519 |
Wtih an allowance recorded, Recorded Investment | 115,922 | 140,698 |
With an allowance recorded, Unpaid Principal Balance | 118,227 | 144,643 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 15,838 | 19,936 |
Impaired loans, Recorded Investment | 263,041 | 298,870 |
Impaired loans, Unpaid Principal Balance | 358,203 | 383,162 |
Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | 86,040 | 96,227 |
With no related allowance recorded, Unpaid Principal Balance | 114,799 | 126,806 |
Wtih an allowance recorded, Recorded Investment | 63,062 | 68,894 |
With an allowance recorded, Unpaid Principal Balance | 64,468 | 70,577 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 7,138 | 6,220 |
Impaired loans, Recorded Investment | 149,102 | 165,121 |
Impaired loans, Unpaid Principal Balance | 179,267 | 197,383 |
Residential Home Today [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | 33,163 | 36,578 |
With no related allowance recorded, Unpaid Principal Balance | 66,366 | 68,390 |
Wtih an allowance recorded, Recorded Investment | 45,902 | 58,777 |
With an allowance recorded, Unpaid Principal Balance | 46,698 | 60,104 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 7,677 | 9,747 |
Impaired loans, Recorded Investment | 79,065 | 95,355 |
Impaired loans, Unpaid Principal Balance | 113,064 | 128,494 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | 27,494 | 24,397 |
With no related allowance recorded, Unpaid Principal Balance | 58,267 | 41,974 |
Wtih an allowance recorded, Recorded Investment | 6,893 | 12,619 |
With an allowance recorded, Unpaid Principal Balance | 6,996 | 13,554 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 1,018 | 3,928 |
Impaired loans, Recorded Investment | 34,387 | 37,016 |
Impaired loans, Unpaid Principal Balance | 65,263 | 55,528 |
Construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | 422 | 970 |
With no related allowance recorded, Unpaid Principal Balance | 544 | 1,349 |
Wtih an allowance recorded, Recorded Investment | 65 | 408 |
With an allowance recorded, Unpaid Principal Balance | 65 | 408 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 5 | 41 |
Impaired loans, Recorded Investment | 487 | 1,378 |
Impaired loans, Unpaid Principal Balance | 609 | 1,757 |
Consumer And Other Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Recorded Investment | 0 | 0 |
With no related allowance recorded, Unpaid Principal Balance | 0 | 0 |
Wtih an allowance recorded, Recorded Investment | 0 | 0 |
With an allowance recorded, Unpaid Principal Balance | 0 | 0 |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0 | 0 |
Impaired loans, Recorded Investment | 0 | 0 |
Impaired loans, Unpaid Principal Balance | $0 | $0 |
Recovered_Sheet2
Loans And Allowance For Loan Losses (Schedule Of Average Recorded Investment In Impaired Loans And The Amount Of Interest Income) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $152,647 | $106,209 | $75,852 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 128,311 | 213,113 | 264,392 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1,888 | 1,696 | 608 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 5,961 | 6,052 | 5,599 |
Impaired Loans, Average Recorded Investment | 280,958 | 319,322 | 340,244 |
Impaired Loans, Interest Income Recognized | 7,849 | 7,748 | 6,207 |
Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 91,134 | 64,470 | 36,072 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 65,978 | 98,053 | 117,392 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1,169 | 854 | 363 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 3,198 | 3,164 | 2,584 |
Impaired Loans, Average Recorded Investment | 157,112 | 162,523 | 153,464 |
Impaired Loans, Interest Income Recognized | 4,367 | 4,018 | 2,947 |
Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 34,871 | 22,596 | 23,036 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 52,340 | 92,272 | 109,015 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 234 | 513 | 144 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2,487 | 2,625 | 2,689 |
Impaired Loans, Average Recorded Investment | 87,211 | 114,868 | 132,051 |
Impaired Loans, Interest Income Recognized | 2,721 | 3,138 | 2,833 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 25,946 | 18,259 | 16,249 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 9,756 | 20,118 | 31,674 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 467 | 293 | 95 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 266 | 227 | 256 |
Impaired Loans, Average Recorded Investment | 35,702 | 38,377 | 47,923 |
Impaired Loans, Interest Income Recognized | 733 | 520 | 351 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 696 | 884 | 495 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 237 | 2,670 | 6,310 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 18 | 36 | 6 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 10 | 36 | 70 |
Impaired Loans, Average Recorded Investment | 933 | 3,554 | 6,805 |
Impaired Loans, Interest Income Recognized | 28 | 72 | 76 |
Consumer And Other Loans [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 1 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 |
Impaired Loans, Average Recorded Investment | 0 | 0 | 1 |
Impaired Loans, Interest Income Recognized | $0 | $0 | $0 |
Recovered_Sheet3
Loans And Allowance For Loan Losses (Schedule of Troubled Debt Restructured Loans Recorded Investment) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $201,692 | $221,399 |
Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 110,794 | 118,033 |
Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 69,969 | 81,894 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 20,651 | 20,686 |
Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 278 | 786 |
Reduction In Interest Rates [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 32,798 | 44,121 |
Reduction In Interest Rates [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 17,861 | 22,039 |
Reduction In Interest Rates [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 14,855 | 21,977 |
Reduction In Interest Rates [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 82 | 105 |
Reduction In Interest Rates [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Payment Extensions [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,675 | 4,442 |
Payment Extensions [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 1,670 | 2,802 |
Payment Extensions [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 131 | 360 |
Payment Extensions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 596 | 646 |
Payment Extensions [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 278 | 634 |
Forbearance Or Other Actions [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 22,555 | 32,057 |
Forbearance Or Other Actions [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 12,773 | 17,106 |
Forbearance Or Other Actions [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 9,107 | 13,991 |
Forbearance Or Other Actions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 675 | 960 |
Forbearance Or Other Actions [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Multiple Concessions [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 39,783 | 48,102 |
Multiple Concessions [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 21,227 | 20,787 |
Multiple Concessions [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 18,331 | 27,058 |
Multiple Concessions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 225 | 257 |
Multiple Concessions [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Multiple Modifications [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 39,292 | 21,782 |
Multiple Modifications [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 17,733 | 9,438 |
Multiple Modifications [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 20,998 | 11,960 |
Multiple Modifications [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 561 | 384 |
Multiple Modifications [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Bankruptcy [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 64,589 | 70,895 |
Bankruptcy [Member] | Residential Non-Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 39,530 | 45,861 |
Bankruptcy [Member] | Residential Home Today [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 6,547 | 6,548 |
Bankruptcy [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 18,512 | 18,334 |
Bankruptcy [Member] | Construction [Member] | ' | ' |
Schedule of Troubled Debt Restructured Loans Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $0 | $152 |
Recovered_Sheet4
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment In Troubled Debt Restructured Loans Modified) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Reduction In Interest Rates [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | $3,892 | $9,804 | $17,097 |
Reduction In Interest Rates [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 3,470 | 7,965 | 7,447 |
Reduction In Interest Rates [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 409 | 1,793 | 9,535 |
Reduction In Interest Rates [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 13 | 46 | 115 |
Reduction In Interest Rates [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 0 | 0 |
Payment Extensions [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 129 | 622 | 1,076 |
Payment Extensions [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 521 | 669 |
Payment Extensions [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 88 | 407 |
Payment Extensions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 129 | 13 | 0 |
Payment Extensions [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 0 | 0 |
Forbearance Or Other Actions [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 3,693 | 12,481 |
Forbearance Or Other Actions [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 1,812 | 5,864 |
Forbearance Or Other Actions [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 1,821 | 6,194 |
Forbearance Or Other Actions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 60 | 423 |
Forbearance Or Other Actions [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 0 | 0 |
Multiple Concessions [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 5,868 | 11,466 | 8,309 |
Multiple Concessions [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 5,108 | 8,668 | 3,369 |
Multiple Concessions [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 693 | 2,768 | 4,776 |
Multiple Concessions [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 67 | 30 | 164 |
Multiple Concessions [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 0 | 0 |
Multiple Modifications [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 13,507 | 7,831 | 13,774 |
Multiple Modifications [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 4,957 | 3,287 | 5,289 |
Multiple Modifications [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 8,433 | 4,313 | 8,224 |
Multiple Modifications [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 117 | 231 | 261 |
Multiple Modifications [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 0 | 0 |
Bankruptcy [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 13,346 | 19,567 | ' |
Bankruptcy [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 8,156 | 12,671 | ' |
Bankruptcy [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 1,517 | 2,308 | ' |
Bankruptcy [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 3,673 | 4,435 | ' |
Bankruptcy [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 0 | 153 | ' |
Total [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 36,742 | 52,983 | 52,737 |
Total [Member] | Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 21,691 | 34,924 | 22,638 |
Total [Member] | Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 11,052 | 13,091 | 29,136 |
Total [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | 3,999 | 4,815 | 963 |
Total [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' |
Recorded investment, Troubled debt restructured loans | $0 | $153 | $0 |
Recovered_Sheet5
Loans And Allowance For Loan Losses (Schedule Of Troubled Debt Restructured Loans Modified Within The Last 12 Months) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
contracts | contracts | contracts | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Number of Contracts | 199 | 208 | 85 |
Recorded Investment | $11,354 | $16,261 | $9,722 |
Residential Non-Home Today [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Number of Contracts | 61 | 87 | 19 |
Recorded Investment | 6,709 | 9,917 | 3,305 |
Residential Home Today [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Number of Contracts | 70 | 77 | 64 |
Recorded Investment | 3,368 | 4,427 | 6,257 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Number of Contracts | 68 | 41 | 2 |
Recorded Investment | 1,277 | 1,764 | 160 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Number of Contracts | 0 | 3 | 0 |
Recorded Investment | $0 | $153 | $0 |
Recovered_Sheet6
Loans And Allowance For Loan Losses (Schedule Of Credit Quality Of Residential Loan Receivables By An Internally Assigned Grade) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | $10,176,603 | $10,325,453 |
Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 8,101,413 | 7,919,410 |
Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 175,593 | 204,870 |
Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 1,865,424 | 2,164,728 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 30,073 | 31,833 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 10,172,503 | 10,320,841 |
Pass [Member] | Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 8,004,890 | 7,812,028 |
Pass [Member] | Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 139,481 | 163,332 |
Pass [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 1,822,371 | 2,118,926 |
Pass [Member] | Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 29,651 | 30,850 |
Pass [Member] | Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 9,996,393 | 10,125,136 |
Special Mention [Member] | Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Special Mention [Member] | Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Special Mention [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 9,223 | 9,868 |
Special Mention [Member] | Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Special Mention [Member] | Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 9,223 | 9,868 |
Substandard [Member] | Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 96,523 | 107,382 |
Substandard [Member] | Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 36,112 | 41,538 |
Substandard [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 33,830 | 35,934 |
Substandard [Member] | Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 422 | 983 |
Substandard [Member] | Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 166,887 | 185,837 |
Loss [Member] | Residential Non-Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Loss [Member] | Residential Home Today [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Loss [Member] | Home Equity Loans And Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Loss [Member] | Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | 0 | 0 |
Loss [Member] | Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing Receivable, Net | $0 | $0 |
Mortgage_Loan_Servicing_Assets2
Mortgage Loan Servicing Assets (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Mortgage loans securitized and/or sold including accrued interest thereon | $349,192 | $11,363 | $33,554 |
Unpaid principal balance of mortgage loans serviced for others | 2,971,909 | 3,810,786 | 5,434,138 |
Residential Mortgage [Member] | ' | ' | ' |
Number of risk tranches used in evaluating mortgage servicing rights for impairment | 18 | ' | ' |
Ratio of capaitalized servicing assets to unpaid principal balance of loans serviced for others | 0.47% | 0.52% | 0.54% |
Residential Mortgage [Member] | Non-interest income | ' | ' | ' |
Servicing income, net of amortization of capitalized servicing assets | $5,435 | $7,327 | $11,392 |
Maximum [Member] | ' | ' | ' |
Rate of annual servicing fee on outstanding loan balance | 0.31% | ' | ' |
Minimum [Member] | ' | ' | ' |
Rate of annual servicing fee on outstanding loan balance | 0.12% | ' | ' |
Mortgage_Loan_Servicing_Assets3
Mortgage Loan Servicing Assets (Primary Economic Assumptions Used To Measure The Company's Retained Interest Rate) (Details) (Residential Mortgage [Member]) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Residential Mortgage [Member] | ' | ' |
Schedule Of Key Economic Assumptions To Measure Value Of Retained Interests [Line Items] | ' | ' |
Primary prepayment speed assumptions (weighted average annual rate) | 22.10% | 26.30% |
Weighted average life (years) | '24 years 9 months 0 days | '23 years 11 months 27 days |
Amortized cost to service loans (weighted average) | 0.12% | 0.12% |
Weighted average discount rate | 12.00% | 12.00% |
Mortgage_Loan_Servicing_Assets4
Mortgage Loan Servicing Assets (Key Economic Assumptions And Sensitivity) (Details) (Residential Mortgage [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Residential Mortgage [Member] | ' |
Sensitivity Analysis, Impact of Adverse Change in Assumption [Line Items] | ' |
Servicing Asset at Amortized Cost, Fair Value | $28,784 |
Prepayment speed assumptions (weighted average annual rate) | 24.70% |
Prepayment speed assumptions, Impact on fair value of 10% adverse change | -1,179 |
Prepayment speed assumptions, Impact on fair value of 20% adverse change | -2,245 |
Other Assumption, Description | 'Cost to service loans sold to others |
Estimated prospective annual cost to service loans (weighted average) | '.0012 |
Estimated prospective annual cost to service loans, Impact on fair value of 10% adverse change | -2,872 |
Estimated prospective annual cost to service loans, Impact on fair value of 20% adverse change | -5,745 |
Discount rate | 12.00% |
Discount rate, Impact on fair value of 10% adverse change | -970 |
Discount rate, Impact on fair value of 20% adverse change | ($1,870) |
Mortgage_Loan_Servicing_Assets5
Mortgage Loan Servicing Assets (Activity In Mortgage Servicing Assets) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Mortgage Servicing Assets [Roll Forward] | ' | ' | ' |
Balance-end of year | $14,074 | $19,613 | ' |
Residential Mortgage [Member] | ' | ' | ' |
Mortgage Servicing Assets [Roll Forward] | ' | ' | ' |
Balance-beginning of year | 19,613 | 28,919 | 38,658 |
Additions from loan securitizations/sales | 1,089 | 43 | 137 |
Amortization | 6,628 | 9,349 | 9,894 |
Net change in valuation allowance | 0 | 0 | 18 |
Balance-end of year | 14,074 | 19,613 | 28,919 |
Servicing Asset at Amortized Cost, Fair Value | $28,784 | $25,294 | $40,654 |
Premises_Equipment_And_Softwar2
Premises, Equipment And Software, Net Premises, Equipment And Software, Net (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Depreciation and amortization expense on premises, equipment, and software | $5,392 | $5,414 | $5,485 |
Rental expense | 6,187 | 6,019 | 5,983 |
Non-interest income | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Rental Income | $1,254 | $893 | $2,569 |
Premises_Equipment_And_Softwar3
Premises, Equipment And Software, Net (Schedule Of Premises, Equipment And Software At Cost) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment, Net [Abstract] | ' | ' |
Land | $11,050 | $7,714 |
Office buildings | 69,643 | 75,999 |
Furniture, fixtures and equipment | 34,240 | 33,997 |
Software | 15,202 | 16,447 |
Leasehold improvements | 11,784 | 9,269 |
Premises, equipment and software, Gross, Total | 141,919 | 143,426 |
Less accumulated depreciation and amortization | -83,402 | -82,276 |
Total | $58,517 | $61,150 |
Premises_Equipment_And_Softwar4
Premises, Equipment And Software, Net (Schedule Of Future Minimum Payments Under Non-Cancelable Operating Leases) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Property, Plant and Equipment, Net [Abstract] | ' |
2014 | $4,245 |
2015 | 3,579 |
2016 | 2,866 |
2017 | 2,227 |
2018 | 1,634 |
Thereafter | $3,970 |
Premises_Equipment_And_Softwar5
Premises, Equipment And Software, Net (Schedule Of Future Minimum Payments Receivables) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Property, Plant and Equipment, Net [Abstract] | ' |
2014 | $1,210 |
2015 | 1,034 |
2016 | 975 |
2017 | 1,004 |
2018 | 1,004 |
Thereafter | $669 |
Accrued_Interest_Receivable_Ac
Accrued Interest Receivable (Accrued Interest Receivable) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Interest Receivable [Line Items] | ' | ' |
Accrued interest receivable | $31,489 | $34,887 |
Investment Securities [Member] | ' | ' |
Accrued Interest Receivable [Line Items] | ' | ' |
Accrued interest receivable | 1,032 | 980 |
Loans [Member] | ' | ' |
Accrued Interest Receivable [Line Items] | ' | ' |
Accrued interest receivable | 30,456 | 33,906 |
Other [Member] | ' | ' |
Accrued Interest Receivable [Line Items] | ' | ' |
Accrued interest receivable | $1 | $1 |
Deposits_Narrative_Details
Deposits (Narrative) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Weighted average interest rate, savings accounts | 0.20% | 0.40% |
Weighted average interest rate, negotiable order of withdrawal accounts | 0.10% | 0.30% |
Weighted average interest rate, certificates of deposit | 1.60% | 2.10% |
Weighted average interest rate, total deposits | 1.10% | 1.50% |
Certificates of deposit in denominations of $100 or more | $2,076,585 | $2,250,550 |
Brokered certificates of deposit | 13,000 | 0 |
Maximum [Member] | Dodd-Frank Wall Street Reform And Consumer Protection Act [Member] | ' | ' |
Federal deposit insurance coverage amount per depositor | $250 | ' |
Deposits_Summary_Of_Deposit_Ac
Deposits (Summary Of Deposit Account Balances) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Subtotal NOW and savings accounts | $2,836,269 | $2,783,420 |
Percentage of NOW and Savings accounts to deposits | 33.50% | 31.00% |
Certificates of deposit | 5,627,849 | 6,197,319 |
Percentage of Certificate of deposit to deposits | 66.50% | 69.00% |
Subtotal, Deposits | 8,464,118 | 8,980,739 |
Accrued interest | 381 | 680 |
Total deposits | 8,464,499 | 8,981,419 |
Subtotal, percent | 100.00% | 100.00% |
Accrued interest to deposits, percent | 0.00% | 0.00% |
Total deposits, percent | 100.00% | 100.00% |
0.00-0.30 % [Member] | ' | ' |
Negotiable order of withdrawal accounts | 1,027,316 | 1,006,125 |
Percentage of Negotiable order of withdrawal to deposits | 12.10% | 11.20% |
0.00-0.55 [Member] | ' | ' |
Savings accounts | 1,808,953 | 1,777,295 |
Percentage of Savings accounts to deposits | 21.40% | 19.80% |
0.00-0.99 [Member] | ' | ' |
Certificates of deposit | 2,276,511 | 1,961,447 |
Percentage of Certificate of deposit to deposits | 26.90% | 21.80% |
1.00-1.99 [Member] | ' | ' |
Certificates of deposit | 1,790,363 | 1,746,089 |
Percentage of Certificate of deposit to deposits | 21.10% | 19.50% |
2.00-2.99 [Member] | ' | ' |
Certificates of deposit | 732,648 | 900,178 |
Percentage of Certificate of deposit to deposits | 8.60% | 10.00% |
3.00-3.99 [Member] | ' | ' |
Certificates of deposit | 623,032 | 752,638 |
Percentage of Certificate of deposit to deposits | 7.40% | 8.40% |
4.00-4.99 [Member] | ' | ' |
Certificates of deposit | 157,126 | 586,986 |
Percentage of Certificate of deposit to deposits | 1.90% | 6.50% |
5.00 and above [Member] | ' | ' |
Certificates of deposit | $48,169 | $249,981 |
Percentage of Certificate of deposit to deposits | 0.60% | 2.80% |
Deposits_Scheduled_Maturity_Of
Deposits (Scheduled Maturity Of Certificates Of Deposit ) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Deposits [Abstract] | ' | ' |
12 months or less | $2,284,584 | ' |
13 to 24 months | 1,679,976 | ' |
25 to 36 months | 529,329 | ' |
37 to 48 months | 532,859 | ' |
49 to 60 months | 501,230 | ' |
Over 60 months | 99,871 | ' |
Total | $5,627,849 | $6,197,319 |
12 months or less, percent | 40.60% | ' |
13 to 24 months, percent | 29.80% | ' |
25 to 36 months, percent | 9.40% | ' |
37 to 48 months, percent | 9.50% | ' |
49 to 60 months, percent | 8.90% | ' |
Over 60 months, percent | 1.80% | ' |
Total, percent | 100.00% | ' |
Deposits_Scheduled_Of_Interest
Deposits (Scheduled Of Interest Expense On Deposits) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Deposits [Abstract] | ' | ' |
Certificates of deposit | $103,466 | $142,728 |
Negotiable order of withdrawal accounts | 2,273 | 2,839 |
Savings accounts | 5,669 | 7,533 |
Total | $111,408 | $153,100 |
Borrowed_Funds_Narative_Detail
Borrowed Funds (Narative) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Borrowed Funds [Line Items] | ' |
Borrowing capacity at Federal Reserve Discount Window | $178,950 |
Federal Home Loan Bank of Cincinnati [Member] | ' |
Borrowed Funds [Line Items] | ' |
Additional stock-based borrowing capacity at the FHLB | 185,747 |
Capacity limit for collateral-based additional borrowings at the FHLB | 3,753,137 |
Additional common stock ownership requirement to maximize FHLB borrowings | $75,063 |
Borrowed_Funds_Details
Borrowed Funds (Details) (Federal Home Loan Bank of Cincinnati [Member], USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Federal Home Loan Bank of Cincinnati [Member] | ' |
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract] | ' |
FHLB advances maturing in 2014 | $357,000 |
FHLB advances maturing in 2015 | 3,000 |
FHLB advances maturing in 2016 | 24,535 |
FHLB advances maturing in 2017 | 175,000 |
FHLB advances maturing in 2018 | 120,000 |
FHLB advances maturing thereafter | 65,126 |
Total FHLB advances | 744,661 |
Accrued interest | 456 |
Total | $745,117 |
FHLB Advances, Maturities Summary, Weighted Average Interest Rate [Abstract] | ' |
FHLB advances maturing in 2014, Weighted Average Rate | 0.40% |
FHLB advances maturing in 2015, Weighted Average Rate | 3.34% |
FHLB advances maturing in 2016, Weighted Average Rate | 2.05% |
FHLB advances maturing in 2017, Weighted Average Rate | 1.14% |
FHLB advances maturing in 2018, Weighted Average Rate | 1.47% |
FHLB advances maturing thereafter, Weighted Average Rate | 1.36% |
Total FHLB advances, Weighted Average Rate | 0.90% |
Other_Comprehensive_Income_Los2
Other Comprehensive Income (Loss) (Components Of Other Comprehensive Income (Loss) And Related Tax Effect) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Unrealized Gain (Loss) from Available-for-Sale Securities, Before Tax [Abstract] | ' | ' | ' |
OCI, Net unrealized gain/(loss) arising during the year, before tax amount | ($7,302) | $449 | $0 |
OCI, Reclassification adjustment for realized (gains)losses included in income, before tax amount | 0 | ' | 0 |
OCI, Transfer of investments from held to maturity to available for sale, before tax amount | ' | 3,427 | ' |
OCI, Net unrealized gains(loss) from securities, net of reclassification adjustment, before tax amount | -7,302 | 3,876 | 0 |
Pension Plan [Abstract] | ' | ' | ' |
OCI, Newly established net gain (loss), before tax amount | 1,828 | 11,775 | 3,918 |
OCI, Reclassification adjustment included in income due to actuarial loss, before tax amount | 556 | 571 | -1,120 |
OCI, Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Resulting From Settlement Or Curtailment Before Tax | 782 | -267 | ' |
OCI, Reclassification adjustment included in income due to prior service costs, before tax amount | ' | -15 | -61 |
Net Gain (Loss) from Pension Plan | -3,166 | -12,064 | -2,737 |
Other Comprehensive Income (Loss), before Tax | -4,136 | 15,940 | 2,737 |
Unrealized Gain (Loss) from Available-for-Sale Securities, Tax [Abstract] | ' | ' | ' |
OCI, Net unrealized gain/(loss) arising during the year, tax effect | 2,556 | -157 | 0 |
OCI, Reclassification adjustment for realized (gains)/losses included in net income, tax effect | 0 | ' | 0 |
OCI, Transferof investments from held to maturity to available for sale, tax effect | ' | -1,199 | ' |
OCI, Net unrealized (gains) losses from securities, tax effect | 2,556 | -1,356 | 0 |
Pension Plan [Abstract] | ' | ' | ' |
OCI, Newly established net gain (loss) | -640 | -4,122 | -1,371 |
OCI, Reclassification adjustments included in income due to actuarial loss | -194 | -199 | 392 |
OCI, Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Resulting From Settlement Or Curtailment, Tax | -274 | 93 | ' |
OCI, Reclassification adjustment included in income due to prior service cost | ' | 5 | 21 |
Net Gain (Loss) from Pension Plan | -1,108 | -4,223 | -958 |
Other Comprehensive Income (Loss), Tax | -1,448 | 5,579 | 958 |
Unrealized Gain (Loss) from Available-for-sale Securities, Net of Tax [Abstract] | ' | ' | ' |
Available-for-sale securities, Net unrealized gain/(loss) arising during the year, Net of Tax | -4,746 | 292 | 0 |
OCI, Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax | 0 | ' | 0 |
OCI, Transfers from Held-to-maturity to Available-for-Sale Securities, Net of Tax | ' | 2,228 | ' |
OCI, Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent | -4,746 | 2,520 | 0 |
Pension Plan [Abstract] | ' | ' | ' |
OCI, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax | 1,188 | 7,653 | 2,547 |
OCI, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax | -362 | -372 | 728 |
OCI, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Net of Tax | ' | -10 | -40 |
OCI, Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans Resulting From Settlement Or Curtailment, NetOfTax | 508 | -174 | ' |
Net Gain (Loss) from Pension Plan | -2,058 | -7,841 | -1,779 |
Total other comprehensive (loss) income | ($2,688) | $10,361 | $1,779 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Allocated retained earnings bad debt deductions | $104,861 | $104,861 | ' |
Unrecognized tax benefits | 0 | 0 | 0 |
Interest and penalties | -186 | 1,013 | 0 |
Interest accrued | 0 | 729 | ' |
Charitable Contribution Carryforward [Member] | ' | ' | ' |
Net increase (decrease) in the valuation allowance | ' | ($500) | $600 |
Income_Taxes_Components_Of_The
Income Taxes (Components Of The Income Tax Provision) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current tax expense, Federal | ' | ' | ' | ' | ' | ' | ' | ' | $19,751 | $21,305 | $10,903 |
Current tax expense, State | ' | ' | ' | ' | ' | ' | ' | ' | 165 | 98 | 75 |
Deferred tax expense, Federal | ' | ' | ' | ' | ' | ' | ' | ' | 6,486 | -19,270 | -8,243 |
Income tax provision | $7,970 | $7,439 | $6,017 | $4,976 | ($2,288) | ($459) | $854 | $4,026 | $26,402 | $2,133 | $2,735 |
Income_Taxes_Reconciliation_Fr
Income Taxes (Reconciliation From Tax At The Statutory Rate To The Income Tax Provision) (Details) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' |
Tax at statutory rate | 35.00% | 35.00% | 35.00% |
State tax, net | 0.10% | 0.50% | 0.40% |
Insurance related amounts | -2.70% | -16.70% | -18.90% |
Change in valuation allowance for deferred tax assets | 0.00% | -3.70% | 5.00% |
Other | -0.30% | 0.60% | 1.10% |
Income tax provision | 32.10% | 15.70% | 22.60% |
Income_Taxes_Schedule_Of_Defer
Income Taxes (Schedule Of Deferred Tax Recognition Of Revenue And Expenses) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' |
Loan loss reserve | $43,452 | $50,341 |
Deferred compensation | 11,024 | 8,946 |
Pension liability | 3,482 | 4,590 |
Property, equipment and software basis difference | 2,160 | 1,573 |
Pending REIT dividend | 112 | 493 |
Other | 5,190 | 4,958 |
Total deferred tax assets | 65,420 | 70,901 |
FHLB stock basis difference | 7,695 | 7,695 |
Mortgage servicing rights | 1,131 | 1,790 |
Goodwill | 3,162 | 2,836 |
Other | 3,351 | 3,461 |
Total deferred tax liabilities | 15,339 | 15,782 |
Net deferred tax asset | $50,081 | $55,119 |
Employee_Benefit_Plans_Narrati
Employee Benefit Plans (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
H | ||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
Reduction in benefit obligation | ' | ($16,149) | ' | $0 | $16,149 | ' |
Discount rate fiscal year 2012 | 4.95% | ' | 4.40% | 4.30% | ' | 5.10% |
Net actuarial losses that will be recognized in AOCI as components of net periodic benefit cost | ' | ' | ' | 296 | ' | ' |
Allowable percentage of compensation, of eligible employees, to be contributed to the 401(k) plan | ' | ' | ' | 75.00% | ' | ' |
401 (k), Company match percentage of up to 4% of employee contributed funds | ' | ' | ' | 100.00% | ' | ' |
401(k), maximum percentage of funds contributed by employees to be matched 100% by the Company | ' | ' | ' | 4.00% | ' | ' |
Minimum age of employees to be covered by the 401(k) plan | ' | ' | ' | '21 years | ' | ' |
Number of hours worked by employees (in one tear of service) to be covered by the first and second tiers of the 401(k) plan | ' | ' | ' | 1,000 | ' | ' |
401(k), Company matched contributions, minimum vesting period | ' | ' | ' | 'immediately | ' | ' |
401(k), Company matched contributions, maximum vesting period | ' | ' | ' | '5 years | ' | ' |
Total of the company's matching and discretionary contributions related to the 401(k) plan | ' | ' | ' | 2,972 | 2,717 | 1,943 |
Total compensation expense related to ESOP | ' | ' | ' | 4,499 | 4,004 | 3,222 |
Purchase of company's common stock by ESOP from proceeds of a loan from company (in shares) | ' | ' | ' | 11,605,824 | ' | ' |
Purchase of company's common stock by ESOP, (in usd per share) | ' | ' | ' | $10 | ' | ' |
ESOPs loan from the Company, outstanding principal balance | ' | ' | 79,381 | 76,066 | 79,381 | ' |
ESOP shares allocated to participants (in shares) | ' | ' | ' | 4,239,049 | ' | ' |
ESOP shares were committed to be released (in shares) | ' | ' | ' | 325,005 | ' | ' |
ESOP shares unallocated or not yet committed to be released (in shares) | ' | ' | 7,475,110 | 7,041,770 | 7,475,110 | ' |
ESOP shares that are unallocated or not yet committed to be released totaled fair market value | ' | ' | ' | $84,290 | ' | ' |
Equity Securities [Member] | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
Target asset allocation range, minimum | ' | ' | ' | 55.00% | ' | ' |
Target asset allocation range, maximum | ' | ' | ' | 60.00% | ' | ' |
Debt Securities [Member] | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
Target asset allocation range, minimum | ' | ' | ' | 40.00% | ' | ' |
Target asset allocation range, maximum | ' | ' | ' | 45.00% | ' | ' |
ESOP [Member] | ' | ' | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ' | ' |
ESOP, minimum age of employees (in years) | ' | ' | ' | 18 | ' | ' |
ESOP, minimum number of hours worked by employees (in hours) | ' | ' | ' | 1,000 | ' | ' |
Employee_Benefit_Plans_Change_
Employee Benefit Plans (Change In Projected Benefit Obligation For The Defined Benefit Plan) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' | ' |
Projected benefit obligation at beginning of year | ' | $70,788 | $75,768 | ' |
Service cost | ' | 0 | 1,005 | 4,337 |
Interest cost | ' | 2,938 | 2,952 | 3,641 |
Actuarial loss and other | ' | 287 | 10,113 | ' |
Plan Amendment | 16,149 | 0 | -16,149 | ' |
Settlement | ' | -5,348 | 0 | ' |
Benefits paid | ' | -621 | -2,901 | ' |
Projected benefit obligation at end of year | ' | $68,044 | $70,788 | $75,768 |
Employee_Benefit_Plans_Reconci
Employee Benefit Plans (Reconciliation Of The Beginning And Ending Balances Of The Fair Value Of Plan Assets And Funded Status Of The Plan) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' |
Fair value of plan assets at beginning of the year | $58,675 | $47,684 |
Actual return on plan assets | 6,231 | 9,465 |
Employer contributions | 2,000 | 4,427 |
Benefits paid | -621 | -2,901 |
Settlement | -5,348 | 0 |
Fair value of plan assets at end of year | 60,937 | 58,675 |
Funded status of the plan-asset/(liability) | ($7,107) | ($12,113) |
Employee_Benefit_Plans_Compone
Employee Benefit Plans (Components Of Net Periodic Benefit Cost Recognized In The Statement Of Income) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ' | ' |
Service cost | $0 | $1,005 | $4,337 |
Interest cost | 2,938 | 2,952 | 3,641 |
Expected return on plan assets | -4,116 | -3,727 | -3,365 |
Amortization of net (gain)/loss and other | 556 | 572 | -1,120 |
Amortization of prior service cost | 0 | -15 | -61 |
Recognized net gain due to curtailment | 0 | -267 | 0 |
Recognized net loss due to settlement | 782 | 0 | 0 |
Net periodic benefit cost | $160 | $520 | $3,432 |
Employee_Benefit_Plans_Fair_Va
Employee Benefit Plans (Fair Value Of Plan Assets By Asset Category At The Measurement Date) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 | ||
In Thousands, unless otherwise specified | ||||||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | $60,937 | $58,675 | $47,684 | ' | ||
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 60,937 | 58,675 | ' | ' | ||
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
U.S. Large Cap Equity Portfolios [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 19,508 | 18,701 | ' | ' | ||
U.S. Large Cap Equity Portfolios [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
U.S. Large Cap Equity Portfolios [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 19,508 | 18,701 | ' | ' | ||
U.S. Large Cap Equity Portfolios [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
U.S. Small / Mid Cap Equity Portfolios [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 5,152 | 4,455 | ' | ' | ||
U.S. Small / Mid Cap Equity Portfolios [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
U.S. Small / Mid Cap Equity Portfolios [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 5,152 | 4,455 | ' | ' | ||
U.S. Small / Mid Cap Equity Portfolios [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
International Equity Portfolios [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 8,434 | 7,259 | ' | ' | ||
International Equity Portfolios [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
International Equity Portfolios [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 8,434 | 7,259 | ' | ' | ||
International Equity Portfolios [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
Debt Securities [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 21,565 | [1] | 22,369 | [1] | ' | ' |
Debt Securities [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | [1] | 0 | [1] | ' | ' |
Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 21,565 | [1] | 22,369 | [1] | ' | ' |
Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | [1] | 0 | [1] | ' | ' |
Real Estate Investments Portfolios [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 6,278 | 5,891 | ' | ' | ||
Real Estate Investments Portfolios [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 0 | 0 | ' | ' | ||
Real Estate Investments Portfolios [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | 6,278 | 5,891 | ' | ' | ||
Real Estate Investments Portfolios [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' | ||
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' | ||
Fair value of plan assets, Total | $0 | $0 | $0 | $1,701 | ||
[1] | Includes pooled separate accounts that invest mainly in fixed income securities such as corporate bonds, asset backed securities, commercial mortgage backed securities or in a single mutual fund.The following table |
Employee_Benefit_Plans_Reconci1
Employee Benefit Plans (Reconciliation For Plan Assets Measured At Fair Value Using Significant Unobservable Inputs) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Defined Benefit Obligation, Change in Fair Value of Plan Assets Using Unobservable Inputs [Roll Forward] | ' | ' | ' |
Fair value of plan assets at end of year | $60,937 | $58,675 | $47,684 |
Real Estate Investments Portfolios [Member] | ' | ' | ' |
Defined Benefit Obligation, Change in Fair Value of Plan Assets Using Unobservable Inputs [Roll Forward] | ' | ' | ' |
Fair value of plan assets at end of year | 6,278 | 5,891 | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Defined Benefit Obligation, Change in Fair Value of Plan Assets Using Unobservable Inputs [Roll Forward] | ' | ' | ' |
Fair value of plan assets at end of year | 0 | 0 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Real Estate Investments Portfolios [Member] | ' | ' | ' |
Defined Benefit Obligation, Change in Fair Value of Plan Assets Using Unobservable Inputs [Roll Forward] | ' | ' | ' |
Fair value of plan assets at beginning of the year | 0 | 0 | 1,701 |
Actual return gains (losses) on plan assets, Relating to assets sold during the period | 0 | 0 | 1,612 |
Transfers in (out) of Level 3 | 0 | 0 | -3,313 |
Fair value of plan assets at end of year | $0 | $0 | $0 |
Employee_Benefit_Plans_Schedul
Employee Benefit Plans (Schedule Of Additional Information Is Provided With Respect To The Plan) (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2011 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ' | ' | ' | ' |
Discount rate | ' | 4.30% | 4.90% | 4.30% | 4.95% |
Rate of compensation increase | ' | ' | ' | ' | 4.55% |
Census date | ' | ' | '1/1/2013 | '1/1/2012 | '1/1/2011 |
Discount rate | 4.95% | 4.40% | 4.30% | ' | 5.10% |
Long-term rate of return on plan assets | ' | ' | 7.50% | 7.50% | 7.50% |
Rate of compensation increase (graded scale) | ' | ' | ' | 4.55% | 4.62% |
Employee_Benefit_Plans_Estimat
Employee Benefit Plans (Estimates Of Expected Future Benefit Payments) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' |
2013 | $5,920 |
2014 | 3,700 |
2015 | 4,090 |
2016 | 4,440 |
2017 | 4,320 |
Aggregate expected benefit payments during the five fiscal year period beginning October 1, 2019, and ending September 30, 2023 | 23,300 |
Minimum employer contributions expected to be paid during the fiscal year ending September 30, 2014 | $0 |
Employee_Benefit_Plans_Items_N
Employee Benefit Plans (Items Not Yet Been Recognized As Components Of Net Periodic Benefit Cost) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, unless otherwise specified | |||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ' | ' |
Net actuarial loss | $9,950 | $13,116 | $25,462 |
Prior service cost (benefit) | 0 | 0 | -282 |
Net amount recognized in AOCI | $9,950 | $13,116 | $25,180 |
Equity_Incentive_Plan_Narrativ
Equity Incentive Plan (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Issuance of stock options (in shares) | 583,500 | ' | ' |
Excess tax effect related to stock-based compensation | $0 | $0 | $0 |
Stock options contractual term, years | '10 years | ' | ' |
Share-based compensation expense | 6,703 | 7,112 | 6,919 |
Tax benefit recognized related to share-based compensation expense | 2,099 | 3,664 | 1,685 |
Expected dividend yield | 0.00% | ' | ' |
Dividends paid since May 2010 | $0 | ' | ' |
Weighted average grant date fair value of options granted (in usd per share) | $2.64 | $2.58 | ' |
Expected future compensation expense relating to the non-vested options outstanding | 4,317 | ' | ' |
Common shares authorized for award under the Equity Plan (in shares) | 23,000,000 | ' | ' |
Common shares remain available for future award (in shares) | 13,966,831 | ' | ' |
Stock Options [Member] | ' | ' | ' |
Share-based compensation expense | 3,303 | 3,570 | 2,848 |
Non-vested awards weighted average period (in years) | '1 year 8 months 27 days | ' | ' |
Expected dividend yield | 0.00% | 0.00% | ' |
Stock Options [Member] | Minimum [Member] | ' | ' | ' |
Award vesting service period | '3 years | ' | ' |
Stock Options [Member] | Maximum [Member] | ' | ' | ' |
Award vesting service period | '7 years | ' | ' |
Restricted Stock Units [Member] | ' | ' | ' |
Issuance of restricted stock units | 116,500 | ' | ' |
Share-based compensation expense | 3,400 | 3,542 | 4,071 |
Total fair value of restricted stock units vested | 2,921 | 2,383 | 8,354 |
Expected future compensation expense relating to non-vested restricted stock units | $5,691 | ' | ' |
Non-vested awards weighted average period (in years) | '2 years 1 month 13 days | ' | ' |
Restricted Stock Units [Member] | Minimum [Member] | ' | ' | ' |
Award vesting service period | '1 year | ' | ' |
Restricted Stock Units [Member] | Maximum [Member] | ' | ' | ' |
Award vesting service period | '10 years | ' | ' |
Equity_Incentive_Plan_Summary_
Equity Incentive Plan (Summary Of The Status Of The Company's Restricted Stock Units And Changes) (Details) (Restricted Stock Units [Member], USD $) | 12 Months Ended |
Sep. 30, 2013 | |
Restricted Stock Units [Member] | ' |
Summary of Status of Restricted Stock Unit [Roll Forward] | ' |
Number of Shares Awarded, Outstanding at September 30, 2012 | 1,579,513 |
Weighted Average Grant Date Fair Value, Outstanding at September 30, 2012 (in usd per share) | $10.96 |
Number of Shares Awarded, Granted | 116,500 |
Weighted Average Grant Date Fair Value, Granted (in usd per share) | $9.43 |
Number of Shares Awarded, Exercised | -204,732 |
Weighted Average Grant Date Fair Value, Exercised (in usd per share) | $11.47 |
Number of Shares Awarded, Forfeited | -37,097 |
Weighted Average Grant Date Fair Value, Forfeited (in usd per share) | $11.34 |
Number of Shares Awarded, Outstanding at September 30, 2013 | 1,454,184 |
Weighted Average Grant Date Fair Value, Outstanding at September 30, 2013 (in usd per share) | $10.76 |
Number of Shares Awarded, Vested and exercisable, at September 30, 2013 | 351,795 |
Weighted Average Grant Date Fair Value, Vested and exercisable, at September 30, 2013 (in usd per share) | $11.94 |
Number of Shares Awarded, Vested and expected to vest, at September 30, 2013 | 1,447,297 |
Weighted Average Grant Date Fair Value, Vested and expected to vest, at September 30, 2013 (in usd per share) | $10.77 |
Equity_Incentive_Plan_Summary_1
Equity Incentive Plan (Summary Of The Company's Stock Option Activity And Related Information For The Equity Plan) (Details) (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Number of Stock Options, Outstanding at September 30, 2012 (in shares) | 6,199,591 | ' |
Weighted Average Exercise Price, Outstanding at September 30, 2012 (in usd per share) | $11.28 | ' |
Weighted Average Remaining Contractual Life, Outstanding at September 30, 2012 (in years) | '6 years | '6 years 8 months 24 days |
Aggregate Intrinsic Value, Outstanding at September 30, 2012 | $582 | ' |
Number of Stock Options, Granted (in shares) | 583,500 | ' |
Weighted Average Exercise Price, Granted (in usd per share) | $9.43 | ' |
Number of Stock Options, Exercised (in shares) | -16,466 | ' |
Weighted Average Exercise Price, Exercised (in usd per share) | $9.40 | ' |
Stock options exercised, intrinsic value | 31 | ' |
Number of Stock Options, Forfeited (in shares) | -246,975 | ' |
Weighted Average Exercise Price, Forfeited (in usd per share) | $11.69 | ' |
Aggregate Intrinsic Value, Forfeited | 60 | ' |
Number of Stock Options, Outstanding at September 30, 2013 (in shares) | 6,519,650 | 6,199,591 |
Weighted Average Exercise Price, Outstanding at September 30, 2013 (in usd per share) | $11.10 | $11.28 |
Weighted Average Remaining Contractual Life, Outstanding at September 30, 2013 (in years) | '6 years | '6 years 8 months 24 days |
Aggregate Intrinsic Value, Outstanding at September 30, 2013 | 6,484 | 582 |
Number of Stock Options, Vested and exercisable at September 30, 2013 (in shares) | 3,542,500 | ' |
Weighted Average Exercise Price, Vested and exercisable at September 30, 2013 (in usd per share) | $11.83 | ' |
Weighted Average Remaining Contractual Life, Vested and exercisable at September 30, 2013 (in years) | '5 years 4 months 24 days | ' |
Aggregate Intrinsic Value, Vested and exercisable at September 30, 2013 | 1,315 | ' |
Number of Stock Options, Vested or expected to vest at September 30, 2013 (in shares) | 6,517,454 | ' |
Weighted Average Exercise Price, Vested or expected to vest at September 30, 2013 (in usd per share) | $11.10 | ' |
Weighted Average Remaining Contractual Life, Vested or expected to vest at September 30, 2013 (in years) | '6 years | ' |
Aggregate Intrinsic Value, Vested or expected to vest at September 30, 2013 | $6,477 | ' |
Equity_Incentive_Plan_Fair_Val
Equity Incentive Plan (Fair Value Of The Option Grants Was Estimated On The Date Of Grant Using The Black-Scholes Option-Pricing Model) (Details) | 12 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Expected dividend yield | 0.00% | ' |
Stock Options [Member] | ' | ' |
Expected dividend yield | 0.00% | 0.00% |
Expected volatility | 26.89% | 28.54% |
Risk-free interest rate | 0.98% | 1.19% |
Expected option term (in years) | '6 years | '6 years |
Commitments_And_Contingent_Lia2
Commitments And Contingent Liabilities (Narrative) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Loss Contingencies [Line Items] | ' | ' |
Unfunded commitments on home equity lines of credit (including commitments for suspended accounts) | $1,354,734 | ' |
Initial loss layer percentage of a given pool of loans | 5.00% | ' |
Commitments to securitize and sell mortgage loans | 3,295 | 2,830 |
Reinsurance [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Number of primary mortgage insurance companies utilized | 2 | ' |
Initial loss layer percentage of a given pool of loans | 5.00% | ' |
Minimum [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Fixed expiration days of commitments to extend credit (in days) | '60 days | ' |
Home equity line of credit unfunded commitments expiration, years | '5 years | ' |
Percentage of mortgage insurance losses in excess of initial losses, range | 5.00% | ' |
Maximum [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Fixed expiration days of commitments to extend credit (in days) | '360 days | ' |
Home equity line of credit unfunded commitments expiration, years | '10 years | ' |
Percentage of mortgage insurance losses in excess of initial losses, range | 12.00% | ' |
Reinsurance [Member] | ' | ' |
Loss Contingencies [Line Items] | ' | ' |
Maximum losses under reinsurance contracts | 11,709 | ' |
Paid losses under reinsurance contracts | 5,538 | ' |
Estimated liability for mortgage reinsurance losses | $2,158 | ' |
Commitments_And_Contingent_Lia3
Commitments And Contingent Liabilities (Commitments To Originate Loans) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Fixed-rate mortgage loans | $209,400 |
Adjustable-rate mortgage loans | 178,812 |
Equity loans and lines of credit including bridge loans | 11,170 |
Total | $399,382 |
Commitments_And_Contingent_Lia4
Commitments And Contingent Liabilities (Unfunded Loan Commitments Outstanding) (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Equity lines of credit | $1,135,268 |
Construction loans | 42,019 |
Private equity investments | 12,941 |
Total | $1,190,228 |
Commitments_And_Contingent_Lia5
Commitments And Contingent Liabilities (Schedule Of Commitments) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Loss Contingency Accrual [Roll Forward] | ' | ' | ' |
Balance, beginning of year | $3,351 | $4,023 | $5,082 |
Incurred increase (decrease) | 287 | 797 | -57 |
Paid claims | -1,480 | -1,469 | -1,002 |
Balance, end of period | $2,158 | $3,351 | $4,023 |
Fair_Value_Narrative_Details
Fair Value (Narrative) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | $3,369 | $3,017 | ' |
Investment securitiesbavailable for sale | 477,376 | 421,430 | ' |
Financing Receivable, Modifications, Recorded Investment | 201,692 | 221,399 | ' |
Real estate owned, estimated cost to sell | 1,986 | 1,383 | ' |
Real estate owned at cost or adjusted cost basis | 5,008 | 4,899 | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 3,369 | 3,017 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 471,901 | 413,729 | ' |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 3,369 | 3,017 | ' |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Real estate owned | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 | ' |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 0 | 0 | ' |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Real estate owned | 0 | 0 | ' |
Estimated Fair Value [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Real estate owned | 19,644 | 16,131 | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 0 | 0 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Real estate owned | 19,644 | 16,131 | ' |
Portion at Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 3,369 | 3,017 | ' |
Change During Period, Fair Value Disclosure [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Net gain (loss) on the sale of loans | -113 | 210 | 0 |
Portion at Other than Fair Value Measurement [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, fair value | 810 | 121,511 | ' |
US Treasury and Government [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 2,037 | 2,056 | ' |
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 471,901 | 413,729 | ' |
Money Market Accounts [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 | ' |
Money Market Accounts [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 | ' |
Money Market Accounts [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 | ' |
Money Market Accounts [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 | ' |
Money Market Accounts [Member] | Estimated Fair Value [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 | ' |
Money Market Accounts [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 | ' |
Performing Financing Receivable [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Allowance for loan losses on impaired loans | 15,749 | 17,602 | ' |
Performing Financing Receivable [Member] | Portion at Other than Fair Value Measurement [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 116,011 | 137,468 | ' |
Other Income [Member] | Portion at Fair Value Measurement [Member] | Estimated Fair Value [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans held for sale, unpaid principal balance | $3,295 | $2,830 | ' |
Fair_Value_Fair_Value_Of_Asset
Fair Value (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Investment securitiesbavailable for sale | $477,376 | $421,430 |
Mortgage loans held for sale | 3,369 | 3,017 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Interest rate lock commitments | 0 | 0 |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 471,901 | 413,729 |
Interest rate lock commitments | 0 | 0 |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 6 | 243 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Interest rate lock commitments | 158 | 404 |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 3,369 | 3,017 |
Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Total assets | 480,903 | 424,851 |
Liabilities | ' | ' |
Total liabilities | 6 | 243 |
Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 0 | 0 |
Total assets | 5,475 | 7,701 |
Liabilities | ' | ' |
Total liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 3,369 | 3,017 |
Total assets | 475,270 | 416,746 |
Liabilities | ' | ' |
Total liabilities | 6 | 243 |
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 0 | 0 |
Total assets | 158 | 404 |
Liabilities | ' | ' |
Total liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Forward Commitments For Sale Of Mortgage Loans [Member] | Estimated Fair Value [Member] | ' | ' |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 6 | 243 |
Fair Value, Measurements, Recurring [Member] | Forward Commitments For Sale Of Mortgage Loans [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Forward Commitments For Sale Of Mortgage Loans [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 6 | 243 |
Fair Value, Measurements, Recurring [Member] | Forward Commitments For Sale Of Mortgage Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Liabilities | ' | ' |
Forward commitments for the sale of mortgage loans | 0 | 0 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 2,037 | 2,056 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 2,037 | 2,056 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Freddie Mac Certificates [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 950 | 989 |
Freddie Mac Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 950 | 989 |
Freddie Mac Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Freddie Mac Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 950 | 989 |
Freddie Mac Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Ginnie Mae Certificates [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 12,342 | 16,786 |
Ginnie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 12,342 | 16,786 |
Ginnie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Ginnie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 12,342 | 16,786 |
Ginnie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
REMIC's [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 444,577 | 386,009 |
REMIC's [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 444,577 | 386,009 |
REMIC's [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
REMIC's [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 444,577 | 386,009 |
REMIC's [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Fannie Mae Certificates [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 11,995 | 7,889 |
Fannie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 11,995 | 7,889 |
Fannie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Fannie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 11,995 | 7,889 |
Fannie Mae Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Money Market Accounts [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Money Market Accounts [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Money Market Accounts [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Money Market Accounts [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Money Market Accounts [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Money Market Accounts [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Investment securitiesbavailable for sale | 0 | 0 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | ' | ' |
Assets | ' | ' |
Interest rate lock commitments | 158 | 404 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Interest rate lock commitments | 158 | 404 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Assets | ' | ' |
Interest rate lock commitments | 0 | 0 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets | ' | ' |
Interest rate lock commitments | 0 | 0 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets | ' | ' |
Interest rate lock commitments | $158 | $404 |
Fair_Value_Fair_Value_Assets_A
Fair Value (Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation) (Details) (Fair Value, Inputs, Level 3 [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Derivatives | $158 | $404 | ' |
Other Income [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member] | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' |
Beginning balance | 404 | 0 | 0 |
Included in earnings | -246 | 404 | 0 |
Ending balance | ' | 404 | 0 |
Change in unrealized gains for the period included in earnings for assets held at end of the reporting date | $158 | $404 | $0 |
Fair_Value_Assets_Measured_At_
Fair Value (Assets Measured At Fair Value On A Nonrecurring Basis) (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Estimate of Fair Value Measurement [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | $146,941 | $159,069 |
Real estate owned | 19,644 | 16,131 |
Total assets | 166,585 | 175,200 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 0 | 0 |
Real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 0 | 0 |
Real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 146,941 | 159,069 |
Real estate owned | 19,644 | 16,131 |
Total assets | $166,585 | $175,200 |
Fair_Value_Quantitative_Inform
Fair Value (Quantitative Information About Significant Unobservable Inputs Categorized Within Level 3 Of The Fair Value Hierarchy) (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Interest rate lock commitments | 158 | 404 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Impaired loans, net of allowance, Fair value | 146,941 | 159,069 |
Total Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Percentage of Difference Between Current Appraisal and Estimated Net Proceeds, Residential Properties | 0.00% | 0.00% |
Total Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Percentage of Difference Between Current Appraisal and Estimated Net Proceeds, Residential Properties | 24.00% | 24.00% |
Total Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Percentage of Difference Between Current Appraisal and Estimated Net Proceeds, Residential Properties | 9.30% | 10.50% |
Market Approach Valuation Technique [Member] | Total Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Fair Value Measurements, Valuation Techniques | 'Market comparables of collateral discounted to estimated net proceeds | ' |
Fair Value Measurements, Significant Assumptions | 'Discount appraised value to estimated net proceeds based on historical experience: | ' |
Market Approach Valuation Technique [Member] | Interest Rate Lock Commitments [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Fair Value Measurements, Valuation Techniques | 'Quoted Secondary Market pricing | ' |
Fair Value Measurements, Significant Assumptions | 'Closure rate | ' |
Interest Rate Lock Commitments [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Closure rate on Derivatives, Percentage | 0.00% | 0.00% |
Interest Rate Lock Commitments [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Closure rate on Derivatives, Percentage | 100.00% | 100.00% |
Interest Rate Lock Commitments [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Weighted Average Percentage Closure Rate | 53.20% | 56.00% |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Interest rate lock commitments | 158 | 404 |
Interest Rate Lock Commitments [Member] | Other Assets [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Interest rate lock commitments | 158 | 404 |
Fair_Value_Estimated_Fair_Valu
Fair Value (Estimated Fair Value Of Financial Instruments) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $34,694 | $38,914 |
Other interest bearing cash equivalents | 251,302 | 269,348 |
Investment securitiesbavailable for sale | 477,376 | 421,430 |
Mortgage loans held for sale | 4,179 | 124,528 |
Mortgage loans held for investment | 10,185,674 | 10,339,402 |
Other loans | 4,100 | 4,612 |
Federal Home Loan Bank stock | 35,620 | 35,620 |
Accrued interest receivable | 31,489 | 34,887 |
Liabilities | ' | ' |
Certificates of deposit | 5,627,849 | 6,197,319 |
Borrowed funds | 745,117 | 488,191 |
Borrowers' advances for taxes and insurance | 71,388 | 67,864 |
Principal, interest and escrow owed on loans serviced | 75,745 | 127,539 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Cash and due from banks | 34,694 | 38,914 |
Other interest bearing cash equivalents | 251,302 | 269,348 |
Investment securitiesbavailable for sale | 5,475 | 7,701 |
Mortgage loans held for sale | 0 | 0 |
Mortgage loans held for investment | 0 | 0 |
Other loans | 0 | 0 |
Private equity investments | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Derivatives | 0 | 0 |
Liabilities | ' | ' |
NOW and passbook accounts | 0 | 0 |
Certificates of deposit | 0 | 0 |
Borrowed funds | 0 | 0 |
Borrowers' advances for taxes and insurance | 0 | 0 |
Principal, interest and escrow owed on loans serviced | 0 | 0 |
Forward commitments for the sale of mortgage loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Cash and due from banks | 0 | 0 |
Other interest bearing cash equivalents | 0 | 0 |
Investment securitiesbavailable for sale | 471,901 | 413,729 |
Mortgage loans held for sale | 4,222 | 129,358 |
Mortgage loans held for investment | 0 | 0 |
Other loans | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Private equity investments | 0 | 0 |
Accrued interest receivable | 31,489 | 34,887 |
Derivatives | 0 | 0 |
Liabilities | ' | ' |
NOW and passbook accounts | 2,836,269 | 2,783,420 |
Certificates of deposit | 5,510,241 | 6,353,376 |
Borrowed funds | 745,294 | 490,880 |
Borrowers' advances for taxes and insurance | 71,388 | 67,864 |
Principal, interest and escrow owed on loans serviced | 75,745 | 127,539 |
Forward commitments for the sale of mortgage loans | 6 | 243 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets | ' | ' |
Cash and due from banks | 0 | 0 |
Other interest bearing cash equivalents | 0 | 0 |
Investment securitiesbavailable for sale | 0 | 0 |
Mortgage loans held for sale | ' | ' |
Mortgage loans held for investment | 10,344,246 | 10,630,220 |
Other loans | 4,353 | 4,957 |
Federal Home Loan Bank stock | 0 | 0 |
Private equity investments | 654 | 944 |
Accrued interest receivable | 0 | 0 |
Derivatives | 158 | 404 |
Liabilities | ' | ' |
NOW and passbook accounts | 0 | 0 |
Certificates of deposit | 0 | 0 |
Borrowed funds | 0 | 0 |
Borrowers' advances for taxes and insurance | 0 | 0 |
Principal, interest and escrow owed on loans serviced | 0 | 0 |
Forward commitments for the sale of mortgage loans | 0 | 0 |
Carrying Amount [Member] | ' | ' |
Assets | ' | ' |
Cash and due from banks | 34,694 | 38,914 |
Other interest bearing cash equivalents | 251,302 | 269,348 |
Investment securitiesbavailable for sale | 447,376 | 421,430 |
Mortgage loans held for sale | 4,179 | 124,528 |
Mortgage loans held for investment | 10,079,966 | 10,220,377 |
Other loans | 4,100 | 4,612 |
Federal Home Loan Bank stock | 35,620 | 35,620 |
Private equity investments | 654 | 944 |
Accrued interest receivable | 31,489 | 34,887 |
Derivatives | 158 | 404 |
Liabilities | ' | ' |
NOW and passbook accounts | 2,836,269 | 2,783,420 |
Certificates of deposit | 5,628,230 | 6,197,999 |
Borrowed funds | 745,117 | 488,191 |
Borrowers' advances for taxes and insurance | 71,388 | 67,864 |
Principal, interest and escrow owed on loans serviced | 75,745 | 127,539 |
Forward commitments for the sale of mortgage loans | 6 | 243 |
Estimated Fair Value [Member] | ' | ' |
Assets | ' | ' |
Cash and due from banks | 34,694 | 38,914 |
Other interest bearing cash equivalents | 251,302 | 269,348 |
Investment securitiesbavailable for sale | 477,376 | 421,430 |
Mortgage loans held for sale | 4,222 | 129,358 |
Mortgage loans held for investment | 10,344,246 | 10,630,220 |
Other loans | 4,353 | 4,957 |
Federal Home Loan Bank stock | 35,620 | 35,620 |
Private equity investments | 654 | 944 |
Accrued interest receivable | 31,489 | 34,887 |
Derivatives | 158 | 404 |
Liabilities | ' | ' |
NOW and passbook accounts | 2,836,269 | 2,783,420 |
Certificates of deposit | 5,510,241 | 6,353,376 |
Borrowed funds | 745,294 | 490,880 |
Borrowers' advances for taxes and insurance | 71,388 | 67,864 |
Principal, interest and escrow owed on loans serviced | 75,745 | 127,539 |
Forward commitments for the sale of mortgage loans | $6 | $243 |
Derivative_Instruments_Derivat
Derivative Instruments Derivative Investments (Narative) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Derivative [Line Items] | ' | ' |
Derivative, Fair Value, Net | $0 | $0 |
Derivative_Instruments_Derivat1
Derivative Instruments Derivative Instruments (Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Interest Rate Lock Commitments [Member] | Other Assets [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Interest rate lock commitments | $158 | $404 |
Forward Commitments For Sale Of Mortgage Loans [Member] | Other Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives | $6 | $243 |
Derivative_Instruments_Schedul
Derivative Instruments (Schedule Of Effect Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Amount of Gain or (Loss) Recognized in Income on Derivative | ($9) | $161 | $0 |
Interest Rate Lock Commitments [Member] | Other Income [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Amount of Gain or (Loss) Recognized in Income on Derivative | -246 | 404 | 0 |
Forward Commitments For The Sale Of Mortgage Loans [Member] | Net Gain (Loss) On Transfer of Loans Receivable | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Amount of Gain or (Loss) Recognized in Income on Derivative | $237 | ($243) | $0 |
Parent_Company_Only_Financial_2
Parent Company Only Financial Statements (Schedule Of Statements Of Condition) (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2010 |
In Thousands, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and due from banks | $34,694 | $38,914 | ' | ' |
Investment securitiesbavailable for sale | 477,376 | 421,430 | ' | ' |
Other Loans | ' | ' | ' | ' |
Accrued interest receivable | 31,489 | 34,887 | ' | ' |
Investments in | ' | ' | ' | ' |
Deferred income taxes | 50,081 | 55,119 | ' | ' |
Other assets | 71,639 | 90,720 | ' | ' |
TOTAL ASSETS | 11,269,346 | 11,518,125 | ' | ' |
Liabilities and shareholders' equity | ' | ' | ' | ' |
Accrued expenses and other liabilities | 41,120 | 46,262 | ' | ' |
Total liabilities | 9,397,869 | 9,711,275 | ' | ' |
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | 0 | 0 | ' | ' |
Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 309,230,591 and 309,009,393 outstanding at September 30, 2013 and September 30, 2012, respectively | 3,323 | 3,323 | ' | ' |
Paid-in capital | 1,696,370 | 1,691,884 | ' | ' |
Treasury stock, at cost; 23,088,159 and 23,309,357 shares at September 30, 2013 and September 30, 2012, respectively | -278,215 | -280,937 | ' | ' |
Unallocated ESOP shares | -70,418 | -74,751 | ' | ' |
Retained earnings - substantially restricted | 529,021 | 473,247 | ' | ' |
Accumulated other comprehensive loss | -8,604 | -5,916 | ' | ' |
Total shareholders' equity | 1,871,477 | 1,806,850 | 1,773,924 | 1,752,897 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 11,269,346 | 11,518,125 | ' | ' |
TFS Financial Corporation [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and due from banks | 2,099 | 1,706 | ' | ' |
Investment securitiesbavailable for sale | 0 | 390 | ' | ' |
Other Loans | ' | ' | ' | ' |
Demand loan due from Third Federal Savings and Loan | 170,068 | 164,515 | ' | ' |
Employee Stock Ownership Plan (ESOP) loan receivable | 76,066 | 79,381 | ' | ' |
Accrued interest receivable | 1,851 | 1,933 | ' | ' |
Investments in | ' | ' | ' | ' |
Third Federal Savings and Loan | 1,589,298 | 1,526,125 | ' | ' |
Non-thrift subsidiaries | 78,010 | 77,496 | ' | ' |
Prepaid Federal And State Taxes | 1,898 | 1,267 | ' | ' |
Deferred income taxes | 2,494 | 1,534 | ' | ' |
Other assets | 4,957 | 4,945 | ' | ' |
TOTAL ASSETS | 1,926,741 | 1,859,292 | ' | ' |
Liabilities and shareholders' equity | ' | ' | ' | ' |
Line of credit due non-thrift subsidiary | 53,120 | 51,172 | ' | ' |
Accrued expenses and other liabilities | 2,144 | 1,270 | ' | ' |
Total liabilities | 55,264 | 52,442 | ' | ' |
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | 0 | 0 | ' | ' |
Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 309,230,591 and 309,009,393 outstanding at September 30, 2013 and September 30, 2012, respectively | 3,323 | 3,323 | ' | ' |
Paid-in capital | 1,696,370 | 1,691,884 | ' | ' |
Treasury stock, at cost; 23,088,159 and 23,309,357 shares at September 30, 2013 and September 30, 2012, respectively | -278,215 | -280,937 | ' | ' |
Unallocated ESOP shares | -70,418 | -74,751 | ' | ' |
Retained earnings - substantially restricted | 529,021 | 473,247 | ' | ' |
Accumulated other comprehensive loss | -8,604 | -5,916 | ' | ' |
Total shareholders' equity | 1,871,477 | 1,806,850 | ' | ' |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $1,926,741 | $1,859,292 | ' | ' |
Parent_Company_Only_Financial_3
Parent Company Only Financial Statements Parent Company Only Financial Statements (Schedule of Statements Of Condition (Parenthetical))(Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 700,000,000 | 700,000,000 |
Common stock, shares issued | 332,318,750 | 332,318,750 |
Common stock, shares outstanding | 309,230,591 | 309,009,393 |
Treasury stock, shares | 23,088,159 | 23,309,357 |
TFS Financial Corporation [Member] | ' | ' |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 700,000,000 | 700,000,000 |
Common stock, shares issued | 332,318,750 | 332,318,750 |
Common stock, shares outstanding | 309,230,591 | 309,009,393 |
Treasury stock, shares | 23,088,159 | 23,309,357 |
Parent_Company_Only_Financial_4
Parent Company Only Financial Statements (Schedule Of Statements Of Income) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans, including amortization of deferred costs | ' | ' | ' | ' | ' | ' | ' | ' | $376,840 | $409,400 | $413,464 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowed funds from non-thrift subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 4,011 | 2,546 | 2,003 |
Total interest expense | 26,466 | 28,076 | 28,905 | 31,972 | 36,972 | 38,361 | 39,033 | 41,280 | 115,419 | 155,646 | 179,845 |
Net interest income | 66,079 | 66,128 | 67,930 | 68,416 | 66,303 | 65,864 | 65,785 | 64,255 | 268,553 | 262,207 | 247,648 |
Non-interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Salaries and employee benefits | ' | ' | ' | ' | ' | ' | ' | ' | 86,471 | 80,113 | 76,014 |
Office property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | 21,009 | 20,489 | 20,074 |
Other operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 27,822 | 28,962 | 26,239 |
Total non-interest expense | 43,631 | 46,266 | 45,229 | 42,534 | 44,448 | 40,742 | 43,320 | 42,479 | 177,660 | 171,058 | 168,055 |
Income before income taxes | 23,739 | 23,686 | 18,807 | 16,129 | -1,182 | 433 | 1,876 | 12,485 | 82,361 | 13,612 | 12,075 |
Income tax expense (benefit) | 7,970 | 7,439 | 6,017 | 4,976 | -2,288 | -459 | 854 | 4,026 | 26,402 | 2,133 | 2,735 |
Equity in undistributed earnings of subsidiaries [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 15,769 | 16,247 | 12,790 | 11,153 | 1,106 | 892 | 1,022 | 8,459 | 55,959 | 11,479 | 9,340 |
Total comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 53,271 | 21,840 | 11,119 |
TFS Financial Corporation [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans, including amortization of deferred costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3 | 5 |
Demand loan due from Third Federal Savings and Loan | ' | ' | ' | ' | ' | ' | ' | ' | 203 | 164 | 203 |
ESOP loan | ' | ' | ' | ' | ' | ' | ' | ' | 2,499 | 2,608 | 2,710 |
Investment securities-available for sale | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 6 | 11 |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 2,702 | 2,781 | 2,929 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowed funds from non-thrift subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 107 | 208 |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 107 | 208 |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 2,586 | 2,674 | 2,721 |
Non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany service charges | ' | ' | ' | ' | ' | ' | ' | ' | 600 | 600 | 600 |
Total other income | ' | ' | ' | ' | ' | ' | ' | ' | 600 | 600 | 600 |
Non-interest Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Salaries and employee benefits | ' | ' | ' | ' | ' | ' | ' | ' | 6,015 | 4,981 | 5,411 |
Professional services | ' | ' | ' | ' | ' | ' | ' | ' | 904 | 980 | 972 |
Office property and equipment | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 13 | 13 |
Other operating expenses | ' | ' | ' | ' | ' | ' | ' | ' | 40 | 20 | 68 |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 6,972 | 5,994 | 6,464 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -3,786 | -2,720 | -3,143 |
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -1,715 | -1,951 | -304 |
Loss before undistributed earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -2,071 | -769 | -2,839 |
Equity in undistributed earnings of subsidiaries [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | 55,959 | 11,479 | 9,340 |
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | -4,746 | 2,520 | 0 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 2,058 | 7,841 | 1,779 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | ' | ' | ' | ' | ' | ' | ' | ' | -2,688 | 10,361 | 1,779 |
Total comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 53,271 | 21,840 | 11,119 |
Third Federal Savings And Loan Member | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in undistributed earnings of subsidiaries [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Subsidiaries, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | 57,516 | 11,769 | 8,327 |
Non Thrift Subsidiaries Member | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in undistributed earnings of subsidiaries [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Subsidiaries, Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | $514 | $479 | $3,852 |
Parent_Company_Only_Financial_5
Parent Company Only Financial Statements (Schedule Of Statements Of Cash Flows) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Cash flows from operating activities | ' | ' | ' |
Net income | $55,959 | $11,479 | $9,340 |
Equity in undistributed earnings of subsidiaries | ' | ' | ' |
Deferred income taxes | 6,486 | -19,270 | -8,243 |
Stock-based compensation expense | 11,356 | 11,115 | 10,138 |
Excess tax benefit deficiency related to stock-based compensation | 0 | 0 | -230 |
Net increase in interest receivable and other assets | 16,908 | 10,180 | 18,732 |
Net increase in accrued expenses and other liabilities | -1,739 | 4,920 | -9,304 |
Other | 391 | 631 | 821 |
Net cash provided by operating activities | 140,810 | 155,626 | 135,568 |
Net Cash Provided by (Used in) Investing Activities [Abstract] | ' | ' | ' |
Proceeds from principal repayments and maturities of securities available for sale | 206,388 | 74,589 | 10,898 |
Net cash (used in) provided by investing activities | 145,188 | -741,363 | -392,397 |
Cash flows from financing activities | ' | ' | ' |
Net cash (used in) provided by in financing activities | -308,264 | 599,153 | -192,065 |
Net increase in cash and cash equivalents | -22,266 | 13,416 | -448,894 |
Cash and cash equivalentsbbeginning of year | 308,262 | 294,846 | 743,740 |
Cash and cash equivalentsbend of year | 285,996 | 308,262 | 294,846 |
TFS Financial Corporation [Member] | ' | ' | ' |
Cash flows from operating activities | ' | ' | ' |
Net income | 55,959 | 11,479 | 9,340 |
Equity in undistributed earnings of subsidiaries | ' | ' | ' |
Third Federal Savings and Loan | -57,516 | -11,769 | -8,327 |
Non-thrift subsidiaries | -514 | -479 | -3,852 |
Deferred income taxes | -960 | 530 | 1,432 |
Stock-based compensation expense | 3,010 | 2,787 | 3,372 |
Excess tax benefit deficiency related to stock-based compensation | 0 | 0 | -230 |
Net increase in interest receivable and other assets | -561 | -712 | -364 |
Net increase in accrued expenses and other liabilities | 874 | 65 | 561 |
Other | 6 | -6 | 46 |
Net cash provided by operating activities | 298 | 1,895 | 1,978 |
Net Cash Provided by (Used in) Investing Activities [Abstract] | ' | ' | ' |
Principal collected on loans, net of originations | 0 | 42 | 4 |
Proceeds from principal repayments and maturities of securities available for sale | 385 | 612 | 846 |
(Increase) decrease in balances lent to Third Federal Savings and Loan | -5,553 | -7,536 | 143,422 |
Capital contributions to insured thrift institution subsidiaries | 0 | 0 | -150,000 |
Net cash (used in) provided by investing activities | -5,168 | -6,882 | -5,728 |
Cash flows from financing activities | ' | ' | ' |
Principal reduction of ESOP loan | 3,315 | 3,210 | 3,109 |
Net increase in borrowings from non-thrift subsidiaries | 1,948 | 2,420 | 1,506 |
Net cash (used in) provided by in financing activities | 5,263 | 5,630 | 4,615 |
Net increase in cash and cash equivalents | 393 | 643 | 865 |
Cash and cash equivalentsbbeginning of year | 1,706 | 1,063 | 198 |
Cash and cash equivalentsbend of year | $2,099 | $1,706 | $1,063 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | |
Anti-dilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Shares held by Third Federal Savings, MHC (in shares) | 227,119,132 | ' | ' |
Employee Stock Ownership Plan (ESOP), neither allocated nor committed to be released to participants (in shares) | 7,041,770 | 7,475,110 | ' |
Stock Options [Member] | ' | ' | ' |
Anti-dilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Options to purchase shares and Restricted stock units (antidilutive) (in shares) | 5,297,050 | 6,199,591 | 5,005,925 |
Restricted Stock Units [Member] | ' | ' | ' |
Anti-dilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' |
Options to purchase shares and Restricted stock units (antidilutive) (in shares) | 20,000 | 30,000 | 0 |
Earnings_Per_Share_Summary_Of_
Earnings Per Share (Summary Of Earnings Per Share) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $15,769 | $16,247 | $12,790 | $11,153 | $1,106 | $892 | $1,022 | $8,459 | $55,959 | $11,479 | $9,340 |
Less: income allocated to restricted stock units | ' | ' | ' | ' | ' | ' | ' | ' | 286 | 60 | 50 |
Income available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 55,673 | 11,419 | 9,290 |
Income available to common shareholders, Shares | ' | ' | ' | ' | ' | ' | ' | ' | 301,832,758 | 301,226,639 | 300,358,096 |
Income available to common shareholders, Per share amount | ' | ' | ' | ' | ' | ' | ' | ' | $0.18 | $0.04 | $0.03 |
Effect of dilutive potential common shares | ' | ' | ' | ' | ' | ' | ' | ' | 914,008 | 543,699 | 611,748 |
Income available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $55,673 | $11,419 | $9,290 |
Income available to common shareholders, Shares | ' | ' | ' | ' | ' | ' | ' | ' | 302,746,766 | 301,770,338 | 300,969,844 |
Income available to common shareholders, Per share amount | ' | ' | ' | ' | ' | ' | ' | ' | $0.18 | $0.04 | $0.03 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Director [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Loans to related parties | $205 | $213 |
Past Due Loans [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Loans to related parties | 0 | ' |
Non-Accrual Loans [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Loans to related parties | 0 | ' |
Impaired Loans [Member] | ' | ' |
Related Party Transaction [Line Items] | ' | ' |
Loans to related parties | $0 | ' |
Selected_Quarterly_Data_Summar
Selected Quarterly Data (Summary Of Certain Quarterly Financial Data) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
Selected Quarterly Financial Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $92,545 | $94,204 | $96,835 | $100,388 | $103,275 | $104,225 | $104,818 | $105,535 | $383,972 | $417,853 | $427,493 |
Interest expense | 26,466 | 28,076 | 28,905 | 31,972 | 36,972 | 38,361 | 39,033 | 41,280 | 115,419 | 155,646 | 179,845 |
NET INTEREST INCOME | 66,079 | 66,128 | 67,930 | 68,416 | 66,303 | 65,864 | 65,785 | 64,255 | 268,553 | 262,207 | 247,648 |
Provision for loan losses | 4,000 | 5,000 | 10,000 | 18,000 | 29,000 | 31,000 | 27,000 | 15,000 | 37,000 | 102,000 | 98,500 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 62,079 | 61,128 | 57,930 | 50,416 | 37,303 | 34,864 | 38,785 | 49,255 | 231,553 | 160,207 | 149,148 |
Non-interest income | 5,291 | 8,824 | 6,106 | 8,247 | 5,963 | 6,311 | 6,411 | 5,709 | 28,468 | 24,463 | 30,982 |
Non-interest expense | 43,631 | 46,266 | 45,229 | 42,534 | 44,448 | 40,742 | 43,320 | 42,479 | 177,660 | 171,058 | 168,055 |
Income before income taxes | 23,739 | 23,686 | 18,807 | 16,129 | -1,182 | 433 | 1,876 | 12,485 | 82,361 | 13,612 | 12,075 |
Income tax expense (benefit) | 7,970 | 7,439 | 6,017 | 4,976 | -2,288 | -459 | 854 | 4,026 | 26,402 | 2,133 | 2,735 |
Net income | $15,769 | $16,247 | $12,790 | $11,153 | $1,106 | $892 | $1,022 | $8,459 | $55,959 | $11,479 | $9,340 |
Earnings per share-basic and diluted | $0.05 | $0.05 | $0.04 | $0.04 | $0 | $0 | $0 | $0.03 | $0.18 | $0.04 | $0.03 |