Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Mar. 31, 2014 | 5-May-14 | |
Entity Registrant Name | 'TFS FINANCIAL CORPORATION | ' |
Entity Central Index Key | '0001381668 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'TFSL | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 305,853,224 |
Consolidated_Statements_Of_Con
Consolidated Statements Of Condition (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $35,366 | $34,694 |
Interest-earning cash equivalents | 232,436 | 251,302 |
Cash and cash equivalents | 267,802 | 285,996 |
Investment securities: | ' | ' |
Available for sale (amortized cost $490,181 and $480,664, respectively) | 486,625 | 477,376 |
Mortgage loans held for sale, at lower of cost or market ($1,164 and $3,369 measured at fair value, respectively) | 1,509 | 4,179 |
Loans held for investment, net: | ' | ' |
Mortgage loans | 10,444,046 | 10,185,674 |
Other consumer loans | 4,076 | 4,100 |
Deferred loan fees, net | -7,913 | -13,171 |
Allowance for loan losses | -83,391 | -92,537 |
Loans, net | 10,356,818 | 10,084,066 |
Mortgage loan servicing assets, net | 12,845 | 14,074 |
Federal Home Loan Bank stock, at cost | 40,405 | 35,620 |
Real estate owned | 19,912 | 22,666 |
Premises, equipment, and software, net | 58,195 | 58,517 |
Accrued interest receivable | 31,382 | 31,489 |
Bank owned life insurance contracts | 186,909 | 183,724 |
Other assets | 72,039 | 71,639 |
TOTAL ASSETS | 11,534,441 | 11,269,346 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ' | ' |
Deposits | 8,415,490 | 8,464,499 |
Borrowed funds | 1,070,132 | 745,117 |
Borrowers’ advances for insurance and taxes | 65,229 | 71,388 |
Principal, interest, and related escrow owed on loans serviced | 53,412 | 75,745 |
Accrued expenses and other liabilities | 46,050 | 41,120 |
Total liabilities | 9,650,313 | 9,397,869 |
Commitments and contingent liabilities | ' | ' |
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; 307,199,672 and 309,230,591 outstanding at March 31, 2014 and September 30, 2013, respectively | 3,323 | 3,323 |
Paid-in capital | 1,699,328 | 1,696,370 |
Treasury stock, at cost; 25,119,078 and 23,088,159 shares at March 31, 2014 and September 30, 2013, respectively | -302,723 | -278,215 |
Unallocated ESOP shares | -68,251 | -70,418 |
Retained earnings—substantially restricted | 561,133 | 529,021 |
Accumulated other comprehensive loss | -8,682 | -8,604 |
Total shareholders’ equity | 1,884,128 | 1,871,477 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $11,534,441 | $11,269,346 |
Consolidated_Statements_Of_Con1
Consolidated Statements Of Condition (Parenthetical) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Available for sale, amortized cost | $490,181 | $480,664 |
Mortgage loans held for sale | $1,164 | $3,369 |
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 | 307,199,672 | 309,230,591 |
Treasury stock, shares | 25,119,078 | 23,088,159 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
INTEREST AND DIVIDEND INCOME: | ' | ' | ' | ' |
Loans, including fees | $90,545 | $95,241 | $180,946 | $193,930 |
Investment securities available for sale | 2,305 | 1,079 | 4,405 | 2,192 |
Other interest and dividend earning assets | 495 | 515 | 1,013 | 1,101 |
Total interest and dividend income | 93,345 | 96,835 | 186,364 | 197,223 |
INTEREST EXPENSE: | ' | ' | ' | ' |
Deposits | 21,962 | 28,030 | 45,224 | 59,165 |
Borrowed funds | 2,349 | 875 | 4,311 | 1,712 |
Total interest expense | 24,311 | 28,905 | 49,535 | 60,877 |
NET INTEREST INCOME | 69,034 | 67,930 | 136,829 | 136,346 |
PROVISION FOR LOAN LOSSES | 5,000 | 10,000 | 11,000 | 28,000 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 64,034 | 57,930 | 125,829 | 108,346 |
NON-INTEREST INCOME: | ' | ' | ' | ' |
Fees and service charges, net of amortization | 2,393 | 2,146 | 4,682 | 4,449 |
Net gain on the sale of loans | 533 | 1,257 | 872 | 4,279 |
Increase in and death benefits from bank owned life insurance contracts | 1,583 | 1,577 | 3,196 | 3,182 |
Other | 1,025 | 1,126 | 1,862 | 2,443 |
Total non-interest income | 5,534 | 6,106 | 10,612 | 14,353 |
NON-INTEREST EXPENSE: | ' | ' | ' | ' |
Salaries and employee benefits | 23,325 | 21,824 | 45,407 | 42,427 |
Marketing services | 3,360 | 3,127 | 6,613 | 6,252 |
Office property, equipment and software | 5,283 | 5,293 | 10,272 | 10,314 |
Federal insurance premium and assessments | 2,547 | 3,243 | 5,094 | 6,957 |
State franchise tax | 1,731 | 1,749 | 3,418 | 3,412 |
Real estate owned expense, net | 3,008 | 1,516 | 4,953 | 2,681 |
Other operating expenses | 5,677 | 8,477 | 12,033 | 15,720 |
Total non-interest expense | 44,931 | 45,229 | 87,790 | 87,763 |
INCOME BEFORE INCOME TAXES | 24,637 | 18,807 | 48,651 | 34,936 |
INCOME TAX EXPENSE | 8,252 | 6,017 | 16,242 | 10,993 |
NET INCOME | $16,385 | $12,790 | $32,409 | $23,943 |
Earnings per share—basic and diluted | $0.05 | $0.04 | $0.11 | $0.08 |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic | 300,261,921 | 301,753,966 | 300,450,112 | 301,664,171 |
Diluted | 301,529,980 | 302,651,575 | 301,697,091 | 302,451,344 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Net income | $16,385 | $12,790 | $32,409 | $23,943 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' |
Change in net unrealized income (loss) on securities available for sale | 1,773 | -214 | -174 | -924 |
Change in pension obligation | 48 | 90 | 96 | 180 |
Total other comprehensive income (loss) | 1,821 | -124 | -78 | -744 |
Total comprehensive income | $18,206 | $12,666 | $32,331 | $23,199 |
Consolidated_Statements_Of_Sha
Consolidated Statements Of Shareholders' Equity (USD $) | Total | Common Stock | Paid-In Capital | Treasury Stock | Unallocated Common Stock Held By ESOP | Retained Earnings | Accumulated other comprehensive loss |
In Thousands | |||||||
Balance at Sep. 30, 2012 | $1,806,850 | $3,323 | $1,691,884 | ($280,937) | ($74,751) | $473,247 | ($5,916) |
Net income | 23,943 | ' | ' | ' | ' | 23,943 | ' |
Other comprehensive loss, net of tax | -744 | ' | ' | ' | ' | ' | -744 |
ESOP shares allocated or committed to be released | 2,076 | ' | -91 | ' | 2,167 | ' | ' |
Compensation costs for stock-based plans | 3,259 | ' | 3,259 | ' | ' | ' | ' |
Treasury stock allocated to restricted stock plan | 0 | ' | -1,231 | 1,308 | ' | -77 | ' |
Balance at Mar. 31, 2013 | 1,835,384 | 3,323 | 1,693,821 | -279,629 | -72,584 | 497,113 | -6,660 |
Balance at Sep. 30, 2013 | 1,871,477 | 3,323 | 1,696,370 | -278,215 | -70,418 | 529,021 | -8,604 |
Net income | 32,409 | ' | ' | ' | ' | 32,409 | ' |
Other comprehensive loss, net of tax | -78 | ' | ' | ' | ' | ' | -78 |
ESOP shares allocated or committed to be released | 2,583 | ' | 416 | ' | 2,167 | ' | ' |
Compensation costs for stock-based plans | 3,591 | ' | 3,591 | ' | ' | ' | ' |
Excess tax effect from stock-based compensation | 43 | ' | 43 | ' | ' | ' | ' |
Purchase of treasury stock (2,156,250 shares) | -26,058 | ' | ' | -26,058 | ' | ' | ' |
Treasury stock allocated to restricted stock plan | 161 | ' | -1,092 | 1,550 | ' | -297 | ' |
Balance at Mar. 31, 2014 | $1,884,128 | $3,323 | $1,699,328 | ($302,723) | ($68,251) | $561,133 | ($8,682) |
Consolidated_Statements_Of_Sha1
Consolidated Statements Of Shareholders' Equity Consolidated Statements Of Shareholders' Equity (Parenthetical) | 6 Months Ended |
Mar. 31, 2014 | |
Purchase of treasury stock | 2,156,250 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $32,409 | $23,943 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
ESOP and stock-based compensation expense | 6,335 | 5,335 |
Excess tax effect related to stock-based compensation | 43 | 0 |
Depreciation and amortization | 5,976 | 12,197 |
Provision for loan losses | 11,000 | 28,000 |
Net gain on the sale of loans | -872 | -4,279 |
Other net losses | 1,626 | 1,987 |
Principal repayments on and proceeds from sales of loans held for sale | 16,513 | 36,744 |
Loans originated for sale | -13,480 | -31,589 |
Increase in bank owned life insurance contracts | -3,202 | -3,191 |
Net (increase) decrease in interest receivable and other assets | -538 | 5,267 |
Net increase (decrease) in accrued expenses and other liabilities | 5,083 | -8,207 |
Other | 202 | 162 |
Net cash provided by operating activities | 61,095 | 66,369 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Loans originated | -1,155,941 | -1,019,128 |
Principal repayments on loans | 836,092 | 1,186,955 |
Proceeds from principal repayments and maturities of: | ' | ' |
Securities available for sale | 59,947 | 111,624 |
Proceeds from sale of: | ' | ' |
Loans | 24,738 | 189,534 |
Real estate owned | 12,708 | 13,568 |
Purchases of: | ' | ' |
FHLB stock | -4,785 | 0 |
Securities available for sale | -71,292 | -152,210 |
Premises and equipment | -2,230 | -4,646 |
Other | 18 | -12 |
Net cash (used in) provided by investing activities | -300,745 | 325,685 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net decrease in deposits | -49,009 | -224,137 |
Net decrease in borrowers’ advances for insurance and taxes | -6,159 | -7,111 |
Net decrease in principal and interest owed on loans serviced | -22,333 | -12,650 |
Net increase (decrease) in short term borrowed funds | 128,344 | -305,892 |
Proceeds from long term borrowed funds | 230,000 | 140,000 |
Repayment of long term borrowed funds | -33,329 | -6,380 |
Purchase of treasury shares | -26,058 | 0 |
Net cash provided by (used in) financing activities | 221,456 | -416,170 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -18,194 | -24,116 |
CASH AND CASH EQUIVALENTS—Beginning of period | 285,996 | 308,262 |
CASH AND CASH EQUIVALENTS—End of period | 267,802 | 284,146 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ' | ' |
Cash paid for interest on deposits | 44,943 | 59,482 |
Cash paid for interest on borrowed funds | 3,968 | 1,604 |
Cash paid for income taxes | 6,000 | 13,200 |
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ' | ' |
Transfer of loans to real estate owned | 11,230 | 12,460 |
Transfer of loans from held for sale to held for investment | 0 | 144,841 |
Transfer of loans from held for investment to held for sale | $24,619 | $323,027 |
Basis_Of_Presentation
Basis Of Presentation | 6 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Basis Of Presentation | ' |
BASIS OF PRESENTATION | |
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, to a much lesser extent other financial services. On March 31, 2014, approximately 74% of the Company’s outstanding shares were owned by a federally chartered mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC. The thrift subsidiary of TFS Financial Corporation is Third Federal Savings and Loan Association of Cleveland. | |
The accounting and reporting policies followed by the Company conform in all material respects to accounting principles generally accepted in the United States of America and to general practices in the financial services industry. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for loan losses, the valuation of mortgage loan servicing rights, the valuation of deferred tax assets, and the determination of pension obligations and stock-based compensation are particularly subject to change. | |
The unaudited interim consolidated financial statements were prepared without an audit and reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial condition of the Company at March 31, 2014, and its results of operations and cash flows for the periods presented. In accordance with Regulation S-X for interim financial information, these statements do not include certain information and footnote disclosures required for complete audited financial statements. The Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2013 contains consolidated financial statements and related notes, which should be read in conjunction with the accompanying interim consolidated financial statements. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2014 or for any other period. |
Earnings_Per_Share
Earnings Per Share | 6 Months Ended | ||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||
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 March 31, 2014 and 2013, respectively, the ESOP held 6,825,100 and 7,258,440 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 Three Months Ended March 31, | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Income | Shares | Per share | Income | Shares | Per share | ||||||||||||||||||
amount | amount | ||||||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||||
Net income | $ | 16,385 | $ | 12,790 | |||||||||||||||||||
Less: income allocated to restricted stock units | 79 | 68 | |||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||
Income available to common shareholders | $ | 16,306 | 300,261,921 | $ | 0.05 | $ | 12,722 | 301,753,966 | $ | 0.04 | |||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||
Effect of dilutive potential common shares | 1,268,059 | 897,609 | |||||||||||||||||||||
Income available to common shareholders | $ | 16,306 | 301,529,980 | $ | 0.05 | $ | 12,722 | 302,651,575 | $ | 0.04 | |||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Income | Shares | Per share | Income | Shares | Per share | ||||||||||||||||||
amount | amount | ||||||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||||
Net income | $ | 32,409 | $ | 23,943 | |||||||||||||||||||
Less: income allocated to restricted stock units | 156 | 126 | |||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||
Income available to common shareholders | $ | 32,253 | 300,450,112 | $ | 0.11 | $ | 23,817 | 301,664,171 | $ | 0.08 | |||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||
Effect of dilutive potential common shares | 1,246,979 | 787,173 | |||||||||||||||||||||
Income available to common shareholders | $ | 32,253 | 301,697,091 | $ | 0.11 | $ | 23,817 | 302,451,344 | $ | 0.08 | |||||||||||||
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 Three Months Ended March 31, | For the Six Months Ended March 31, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Options to purchase shares | 3,907,600 | 5,395,509 | 3,923,600 | 6,509,209 | |||||||||||||||||||
Restricted stock units | — | 30,000 | — | 30,000 | |||||||||||||||||||
Investment_Securities
Investment Securities | 6 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||||||
INVESTMENT SECURITIES | ||||||||||||||||||||||||
Investments available for sale are summarized as follows: | ||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 31 | $ | — | $ | 2,031 | ||||||||||||||||
Freddie Mac certificates | 604 | 35 | — | 639 | ||||||||||||||||||||
Ginnie Mae certificates | 10,424 | 288 | — | 10,712 | ||||||||||||||||||||
REMICs | 465,445 | 1,708 | (6,135 | ) | 461,018 | |||||||||||||||||||
Fannie Mae certificates | 11,123 | 760 | (243 | ) | 11,640 | |||||||||||||||||||
Money market accounts | 585 | — | — | 585 | ||||||||||||||||||||
Total | $ | 490,181 | $ | 2,822 | $ | (6,378 | ) | $ | 486,625 | |||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
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 | ||||||||||||||||||||
REMICs | 448,881 | 1,506 | (5,810 | ) | 444,577 | |||||||||||||||||||
Fannie Mae certificates | 11,495 | 805 | (305 | ) | 11,995 | |||||||||||||||||||
Money market accounts | 5,475 | — | — | 5,475 | ||||||||||||||||||||
Total | $ | 480,664 | $ | 2,827 | $ | (6,115 | ) | $ | 477,376 | |||||||||||||||
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 March 31, 2014 and September 30, 2013, were as follows: | ||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 210,446 | $ | 4,094 | $ | 91,345 | $ | 2,041 | $ | 301,791 | $ | 6,135 | ||||||||||||
Fannie Mae certificates | 4,807 | 243 | — | — | 4,807 | 243 | ||||||||||||||||||
Total | $ | 215,253 | $ | 4,337 | $ | 91,345 | $ | 2,041 | $ | 306,598 | $ | 6,378 | ||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 237,774 | $ | 4,984 | $ | 45,768 | $ | 826 | $ | 283,542 | $ | 5,810 | ||||||||||||
Fannie Mae certificates | 4,806 | 305 | — | — | 4,806 | 305 | ||||||||||||||||||
Total | $ | 242,580 | $ | 5,289 | $ | 45,768 | $ | 826 | $ | 288,348 | $ | 6,115 | ||||||||||||
The unrealized losses on investment securities were attributable to interest 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 Fannie Mae, 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. The U.S. Treasury Department established financing agreements in 2008 to ensure Fannie Mae 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 March 31, 2014, 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 $2,031, respectively as compared to $2,000 and $2,037 at September 30, 2013. |
Loans_And_Allowance_For_Loan_L
Loans And Allowance For Loan Losses | 6 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans And Allowance For Loan Losses | ' | ||||||||||||||||||||||||||||
LOANS AND ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||
Loans held for investment consist of the following: | |||||||||||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,486,701 | $ | 8,118,511 | |||||||||||||||||||||||||
Residential Home Today | 165,226 | 178,353 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,758,811 | 1,858,398 | |||||||||||||||||||||||||||
Construction | 70,236 | 72,430 | |||||||||||||||||||||||||||
Real estate loans | 10,480,974 | 10,227,692 | |||||||||||||||||||||||||||
Other consumer loans | 4,076 | 4,100 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Deferred loan fees—net | (7,913 | ) | (13,171 | ) | |||||||||||||||||||||||||
LIP | (36,928 | ) | (42,018 | ) | |||||||||||||||||||||||||
Allowance for loan losses | (83,391 | ) | (92,537 | ) | |||||||||||||||||||||||||
Loans held for investment, net | $ | 10,356,818 | $ | 10,084,066 | |||||||||||||||||||||||||
At March 31, 2014 and September 30, 2013, respectively, $1,509 and $4,179 of long-term loans were classified as mortgage loans held for sale. | |||||||||||||||||||||||||||||
A large concentration of the Company’s lending is in Ohio and Florida. As of March 31, 2014 and September 30, 2013, the percentages of residential real estate loans held in Ohio were 72% and 74%, respectively, and the percentages held in Florida were 18% as of both dates. As of both March 31, 2014 and September 30, 2013, home equity loans and lines of credit were concentrated in the states of Ohio (39%), Florida (29%), California (12%) and New Jersey (5%). The economic conditions and market for real estate in those states, including to a greater extent Florida, have 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 March 31, 2014 and September 30, 2013, the principal balance of Home Today loans originated prior to March 27, 2009 was $162,074 and $174,974, 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 pay option adjustable-rate mortgages. | |||||||||||||||||||||||||||||
The recorded investment of loan receivables in non-accrual status is summarized in the following table. Balances are net of deferred fees. | |||||||||||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,915 | $ | 91,048 | |||||||||||||||||||||||||
Residential Home Today | 31,469 | 34,813 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 30,162 | 29,943 | |||||||||||||||||||||||||||
Construction | 151 | 41 | |||||||||||||||||||||||||||
Total real estate loans | 142,697 | 155,845 | |||||||||||||||||||||||||||
Other consumer loans | — | — | |||||||||||||||||||||||||||
Total non-accrual loans | $ | 142,697 | $ | 155,845 | |||||||||||||||||||||||||
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 after restructuring. 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. At March 31, 2014 and September 30, 2013, respectively, the recorded investment in non-accrual loans includes $54,869 and $54,311 in troubled debt restructurings which are current according to the terms of their agreement, of which $33,270 and $34,001 are performing loans classified as troubled debt restructurings due to Chapter 7 bankruptcy status primarily where all borrowers have been discharged of their obligations. Additionally, at March 31, 2014 and September 30, 2013, the recorded investment in non-accrual status loans includes $3,490 and $5,277, 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 non-accrual 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 obligations. 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 March 31, 2014 and September 30, 2013 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 | 60-89 | 90 Days or | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | More Past | Due | ||||||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 11,773 | $ | 4,428 | $ | 44,391 | $ | 60,592 | $ | 8,414,444 | $ | 8,475,036 | |||||||||||||||||
Residential Home Today | 6,541 | 2,325 | 16,222 | 25,088 | 137,607 | 162,695 | |||||||||||||||||||||||
Home equity loans and lines of credit | 5,903 | 3,341 | 13,107 | 22,351 | 1,742,985 | 1,765,336 | |||||||||||||||||||||||
Construction | — | — | 151 | 151 | 32,915 | 33,066 | |||||||||||||||||||||||
Total real estate loans | 24,217 | 10,094 | 73,871 | 108,182 | 10,327,951 | 10,436,133 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | 4,076 | 4,076 | |||||||||||||||||||||||
Total | $ | 24,217 | $ | 10,094 | $ | 73,871 | $ | 108,182 | $ | 10,332,027 | $ | 10,440,209 | |||||||||||||||||
30-59 | 60-89 | 90 Days or | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | More Past | Due | ||||||||||||||||||||||||||
Past Due | Past Due | 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 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | 4,100 | 4,100 | |||||||||||||||||||||||
Total | $ | 31,490 | $ | 15,639 | $ | 86,908 | $ | 134,037 | $ | 10,042,566 | $ | 10,176,603 | |||||||||||||||||
During the quarter ended March 31, 2014, $1,300 in recoveries were recorded representing the cumulative one-time payment received as a result of PMIC increasing the cash percentage of the partial claim payment plan as discussed later in this note. During the quarter ended December 31, 2013, $5,321 of residential loans were deemed uncollectible and fully charged-off as a result of implementing a new practice of charging off the remaining balance on loans that had remained delinquent and stalled in the foreclosure process for greater than 1,500 days. These loans previously were recorded at estimated net realizable value, with the potential for additional loss recognized within the allowance for loan losses. Any future foreclosure proceeds on these loans would result in recoveries of prior charge-offs. Activity in the allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 33,462 | $ | 1,865 | $ | (3,707 | ) | $ | 1,022 | $ | 32,642 | ||||||||||||||||||
Residential Home Today | 20,479 | (2,412 | ) | (2,388 | ) | 1,240 | 16,919 | ||||||||||||||||||||||
Home equity loans and lines of credit | 31,227 | 5,624 | (4,258 | ) | 1,192 | 33,785 | |||||||||||||||||||||||
Construction | 114 | (77 | ) | — | 8 | 45 | |||||||||||||||||||||||
Total real estate loans | 85,282 | 5,000 | (10,353 | ) | 3,462 | 83,391 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 85,282 | $ | 5,000 | $ | (10,353 | ) | $ | 3,462 | $ | 83,391 | ||||||||||||||||||
For the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 33,091 | $ | 6,084 | $ | (5,264 | ) | $ | 261 | $ | 34,172 | ||||||||||||||||||
Residential Home Today | 24,383 | 7,138 | (3,839 | ) | 61 | 27,743 | |||||||||||||||||||||||
Home equity loans and lines of credit | 47,246 | (3,073 | ) | (6,670 | ) | 1,465 | 38,968 | ||||||||||||||||||||||
Construction | 481 | (149 | ) | (48 | ) | 50 | 334 | ||||||||||||||||||||||
Total real estate loans | 105,201 | 10,000 | (15,821 | ) | 1,837 | 101,217 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 105,201 | $ | 10,000 | $ | (15,821 | ) | $ | 1,837 | $ | 101,217 | ||||||||||||||||||
For the Six Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 35,427 | $ | 6,946 | $ | (11,183 | ) | $ | 1,452 | $ | 32,642 | ||||||||||||||||||
Residential Home Today | 24,112 | (3,219 | ) | (5,321 | ) | 1,347 | 16,919 | ||||||||||||||||||||||
Home equity loans and lines of credit | 32,818 | 7,381 | (8,935 | ) | 2,521 | 33,785 | |||||||||||||||||||||||
Construction | 180 | (108 | ) | (41 | ) | 14 | 45 | ||||||||||||||||||||||
Total real estate loans | 92,537 | 11,000 | (25,480 | ) | 5,334 | 83,391 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 92,537 | $ | 11,000 | $ | (25,480 | ) | $ | 5,334 | $ | 83,391 | ||||||||||||||||||
For the Six Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 31,618 | $ | 11,861 | $ | (9,899 | ) | $ | 592 | $ | 34,172 | ||||||||||||||||||
Residential Home Today | 22,588 | 12,376 | (7,373 | ) | 152 | 27,743 | |||||||||||||||||||||||
Home equity loans and lines of credit | 45,508 | 4,186 | (12,978 | ) | 2,252 | 38,968 | |||||||||||||||||||||||
Construction | 750 | (423 | ) | (53 | ) | 60 | 334 | ||||||||||||||||||||||
Total real estate loans | 100,464 | 28,000 | (30,303 | ) | 3,056 | 101,217 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 100,464 | $ | 28,000 | $ | (30,303 | ) | $ | 3,056 | $ | 101,217 | ||||||||||||||||||
The recorded investment in loan receivables at March 31, 2014 and September 30, 2013 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. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 136,820 | $ | 8,338,216 | $ | 8,475,036 | $ | 149,102 | $ | 7,952,311 | $ | 8,101,413 | |||||||||||||||||
Residential Home Today | 71,997 | 90,698 | 162,695 | 79,065 | 96,528 | 175,593 | |||||||||||||||||||||||
Home equity loans and lines of credit | 35,810 | 1,729,526 | 1,765,336 | 34,387 | 1,831,037 | 1,865,424 | |||||||||||||||||||||||
Construction | 151 | 32,915 | 33,066 | 487 | 29,586 | 30,073 | |||||||||||||||||||||||
Total real estate loans | 244,778 | 10,191,355 | 10,436,133 | 263,041 | 9,909,462 | 10,172,503 | |||||||||||||||||||||||
Other consumer loans | — | 4,076 | 4,076 | — | 4,100 | 4,100 | |||||||||||||||||||||||
Total | $ | 244,778 | $ | 10,195,431 | $ | 10,440,209 | $ | 263,041 | $ | 9,913,562 | $ | 10,176,603 | |||||||||||||||||
An analysis of the allowance for loan losses at March 31, 2014 and September 30, 2013 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. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,632 | $ | 24,010 | $ | 32,642 | $ | 7,138 | $ | 28,289 | $ | 35,427 | |||||||||||||||||
Residential Home Today | 6,195 | 10,724 | 16,919 | 7,677 | 16,435 | 24,112 | |||||||||||||||||||||||
Home equity loans and lines of credit | 537 | 33,248 | 33,785 | 1,018 | 31,800 | 32,818 | |||||||||||||||||||||||
Construction | — | 45 | 45 | 5 | 175 | 180 | |||||||||||||||||||||||
Total real estate loans | 15,364 | 68,027 | 83,391 | 15,838 | 76,699 | 92,537 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 15,364 | $ | 68,027 | $ | 83,391 | $ | 15,838 | $ | 76,699 | $ | 92,537 | |||||||||||||||||
At March 31, 2014 and 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, 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 March 31, 2014 and September 30, 2013, respectively, allowances on individually reviewed loans evaluated for impairment based on the present value of cash flows, such as performing troubled debt restructurings were $15,263 and $15,749, and allowances on loans with further deteriorations in the fair value of collateral not yet identified as uncollectible were $101 and $89. | |||||||||||||||||||||||||||||
Residential non-Home Today mortgage loans represent the largest portion 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 have greater credit risk than traditional residential real estate mortgage loans. At March 31, 2014 and September 30, 2013, respectively, approximately 47% and 50% 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. In March 2014, PMIC notified the Association that the cash percentage of the partial claim payment plan would increase further to 67% of the claim. Appropriate adjustments have been made to the Association’s affected valuation allowances and charge-offs, and estimated loss severity factors were adjusted accordingly for loans evaluated collectively. The amount of loans in our owned portfolio covered by mortgage insurance provided by PMIC as of March 31, 2014 and September 30, 2013, respectively, was $214,514 and $236,713 of which $197,398 and $214,920 was current. The amount of loans in our owned portfolio covered by mortgage insurance provided by Mortgage Guaranty Insurance Corporation as of March 31, 2014 and September 30, 2013, respectively, was $84,117 and $91,478 of which $82,731 and $90,099 was current. As of March 31, 2014, MGIC's long-term debt rating, as published by the major credit rating agencies, did not meet the requirements to qualify as "high credit quality"; however, MGIC continues to make claims payments in accordance with its contractual obligations and the Association has not increased its estimated loss severity factors related to MGIC's claim paying ability. No other loans were covered by mortgage insurers that were deferring claim payments or which were 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 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. | |||||||||||||||||||||||||||||
Other 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 reported as troubled debt restructurings, as of March 31, 2014 and September 30, 2013 are summarized as follows. Balances of recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,384 | $ | 103,894 | $ | — | $ | 86,040 | $ | 114,799 | $ | — | |||||||||||||||||
Residential Home Today | 30,545 | 62,280 | — | 33,163 | 66,366 | — | |||||||||||||||||||||||
Home equity loans and lines of credit | 28,925 | 41,669 | — | 27,494 | 58,267 | — | |||||||||||||||||||||||
Construction | 151 | 169 | — | 422 | 544 | — | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 140,005 | $ | 208,012 | $ | — | $ | 147,119 | $ | 239,976 | $ | — | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 56,436 | $ | 57,466 | $ | 8,632 | $ | 63,062 | $ | 64,468 | $ | 7,138 | |||||||||||||||||
Residential Home Today | 41,452 | 42,125 | 6,195 | 45,902 | 46,698 | 7,677 | |||||||||||||||||||||||
Home equity loans and lines of credit | 6,885 | 6,934 | 537 | 6,893 | 6,996 | 1,018 | |||||||||||||||||||||||
Construction | — | — | — | 65 | 65 | 5 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 104,773 | $ | 106,525 | $ | 15,364 | $ | 115,922 | $ | 118,227 | $ | 15,838 | |||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 136,820 | $ | 161,360 | $ | 8,632 | $ | 149,102 | $ | 179,267 | $ | 7,138 | |||||||||||||||||
Residential Home Today | 71,997 | 104,405 | 6,195 | 79,065 | 113,064 | 7,677 | |||||||||||||||||||||||
Home equity loans and lines of credit | 35,810 | 48,603 | 537 | 34,387 | 65,263 | 1,018 | |||||||||||||||||||||||
Construction | 151 | 169 | — | 487 | 609 | 5 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 244,778 | $ | 314,537 | $ | 15,364 | $ | 263,041 | $ | 358,203 | $ | 15,838 | |||||||||||||||||
At March 31, 2014 and September 30, 2013, respectively, the recorded investment in impaired loans includes $189,671 and $201,692 of loans modified in troubled debt restructurings of which $26,591 and $30,550 were 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 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. Management can determine the loan is uncollectible for reasons such as foreclosures exceeding a reasonable time frame and recommend a full charge-off. 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 an 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 present value of expected future cash flows unless evaluated based on collateral. We evaluate these loans using the expected future cash flows because we expect the borrower, not liquidation of the collateral, to be the source of repayment for the loan. Other 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 the restructuring agreement. No troubled debt restructurings were reclassified from impaired loans during the quarters ended or six months ended March 31, 2014 and March 31, 2013. | |||||||||||||||||||||||||||||
The average recorded investment in impaired loans and the amount of interest income recognized during the period that the loans were impaired are summarized below. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,383 | $ | 294 | $ | 92,774 | $ | 258 | |||||||||||||||||||||
Residential Home Today | 31,130 | 66 | 35,450 | 18 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 28,752 | 85 | 27,619 | 114 | |||||||||||||||||||||||||
Construction | 340 | 1 | 666 | 4 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 140,605 | $ | 446 | $ | 156,509 | $ | 394 | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 59,000 | $ | 680 | $ | 65,963 | $ | 803 | |||||||||||||||||||||
Residential Home Today | 42,427 | 536 | 53,691 | 632 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 6,888 | 59 | 7,947 | 64 | |||||||||||||||||||||||||
Construction | — | — | 402 | 4 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 108,315 | $ | 1,275 | $ | 128,003 | $ | 1,503 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 139,383 | $ | 974 | $ | 158,737 | $ | 1,061 | |||||||||||||||||||||
Residential Home Today | 73,557 | 602 | 89,141 | 650 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 35,640 | 144 | 35,566 | 178 | |||||||||||||||||||||||||
Construction | 340 | 1 | 1,068 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 248,920 | $ | 1,721 | $ | 284,512 | $ | 1,897 | |||||||||||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 83,212 | $ | 575 | $ | 94,058 | $ | 657 | |||||||||||||||||||||
Residential Home Today | 31,854 | 153 | 35,572 | 86 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 28,210 | 177 | 25,014 | 296 | |||||||||||||||||||||||||
Construction | 287 | 6 | 761 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 143,563 | $ | 911 | $ | 155,405 | $ | 1,047 | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 59,749 | $ | 1,423 | $ | 66,707 | $ | 1,645 | |||||||||||||||||||||
Residential Home Today | 43,677 | 1,089 | 55,432 | 1,274 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 6,889 | 119 | 9,913 | 138 | |||||||||||||||||||||||||
Construction | 33 | — | 404 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 110,348 | $ | 2,631 | $ | 132,456 | $ | 3,065 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 142,961 | $ | 1,998 | $ | 160,765 | $ | 2,302 | |||||||||||||||||||||
Residential Home Today | 75,531 | 1,242 | 91,004 | 1,360 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 35,099 | 296 | 34,927 | 434 | |||||||||||||||||||||||||
Construction | 320 | 6 | 1,165 | 16 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 253,911 | $ | 3,542 | $ | 287,861 | $ | 4,112 | |||||||||||||||||||||
The amounts of interest income on impaired loans recognized using a cash-basis method were $285 and $629 for the quarter ended and six months ended March 31, 2014, respectively, and $278 and $877 for the quarter ended and six months ended March 31, 2013, respectively. | |||||||||||||||||||||||||||||
The recorded investment in troubled debt restructurings as of March 31, 2014 and September 30, 2013 is shown in the tables below. | |||||||||||||||||||||||||||||
March 31, 2014 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 16,099 | $ | 1,588 | $ | 11,362 | $ | 20,541 | $ | 20,096 | $ | 35,055 | $ | 104,741 | |||||||||||||||
Residential Home Today | 13,090 | 89 | 7,693 | 17,209 | 20,658 | 5,039 | 63,778 | ||||||||||||||||||||||
Home equity loans and lines of credit | 78 | 1,004 | 599 | 909 | 667 | 17,744 | 21,001 | ||||||||||||||||||||||
Construction | — | 151 | — | — | — | — | 151 | ||||||||||||||||||||||
Total | $ | 29,267 | $ | 2,832 | $ | 19,654 | $ | 38,659 | $ | 41,421 | $ | 57,838 | $ | 189,671 | |||||||||||||||
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 | |||||||||||||||
For all loans modified during the quarters ended March 31, 2014 and March 31, 2013 (set forth in the table 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 periods presented, according to the types of concessions granted. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 442 | $ | — | $ | — | $ | 586 | $ | 1,360 | $ | 1,541 | $ | 3,929 | |||||||||||||||
Residential Home Today | 74 | — | — | 2 | 1,207 | 227 | 1,510 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | 237 | — | 551 | 70 | 1,189 | 2,047 | ||||||||||||||||||||||
Total | $ | 516 | $ | 237 | $ | — | $ | 1,139 | $ | 2,637 | $ | 2,957 | $ | 7,486 | |||||||||||||||
For the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 423 | $ | — | $ | — | $ | 1,107 | $ | 1,810 | $ | 2,511 | $ | 5,851 | |||||||||||||||
Residential Home Today | — | — | — | 144 | 3,209 | 471 | 3,824 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | 19 | 8 | 960 | 987 | ||||||||||||||||||||||
Total | $ | 423 | $ | — | $ | — | $ | 1,270 | $ | 5,027 | $ | 3,942 | $ | 10,662 | |||||||||||||||
For the Six Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 921 | $ | — | $ | 225 | $ | 2,112 | $ | 2,637 | $ | 3,397 | $ | 9,292 | |||||||||||||||
Residential Home Today | 163 | — | — | 227 | 2,321 | 445 | 3,156 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | 523 | — | 745 | 126 | 2,073 | 3,467 | ||||||||||||||||||||||
Total | $ | 1,084 | $ | 523 | $ | 225 | $ | 3,084 | $ | 5,084 | $ | 5,915 | $ | 15,915 | |||||||||||||||
For the Six Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 1,799 | $ | — | $ | — | $ | 2,292 | $ | 3,299 | $ | 5,199 | $ | 12,589 | |||||||||||||||
Residential Home Today | 147 | — | — | 490 | 6,791 | 1,097 | 8,525 | ||||||||||||||||||||||
Home equity loans and lines of credit | 13 | 100 | — | 19 | 8 | 1,990 | 2,130 | ||||||||||||||||||||||
Total | $ | 1,959 | $ | 100 | $ | — | $ | 2,801 | $ | 10,098 | $ | 8,286 | $ | 23,244 | |||||||||||||||
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. 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 tables provide information on troubled debt restructured loans modified within the previous 12 months for which there was a payment default, at least 30 days past due on one scheduled payment, during the period presented. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||||||
Residential non-Home Today | 32 | $ | 3,359 | 62 | $ | 6,702 | |||||||||||||||||||||||
Residential Home Today | 31 | 1,516 | 53 | 2,491 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 40 | 1,469 | 26 | 937 | |||||||||||||||||||||||||
Construction | — | — | 1 | 18 | |||||||||||||||||||||||||
Total | 103 | $ | 6,344 | 142 | $ | 10,148 | |||||||||||||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||||||
Residential non-Home Today | 37 | $ | 3,773 | 66 | $ | 7,124 | |||||||||||||||||||||||
Residential Home Today | 38 | 1,776 | 54 | 2,499 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 49 | 1,554 | 36 | 994 | |||||||||||||||||||||||||
Construction | — | — | 1 | 18 | |||||||||||||||||||||||||
Total | 124 | $ | 7,103 | 157 | $ | 10,635 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,388,206 | $ | — | $ | 86,830 | $ | — | $ | 8,475,036 | |||||||||||||||||||
Residential Home Today | 129,853 | — | 32,842 | — | 162,695 | ||||||||||||||||||||||||
Home equity loans and lines of credit | 1,722,948 | 7,891 | 34,497 | — | 1,765,336 | ||||||||||||||||||||||||
Construction | 32,915 | — | 151 | — | 33,066 | ||||||||||||||||||||||||
Total | $ | 10,273,922 | $ | 7,891 | $ | 154,320 | $ | — | $ | 10,436,133 | |||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||
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 March 31, 2014 and September 30, 2013, respectively, the recorded investment of impaired loans includes $104,100 and $113,520 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 March 31, 2014 and September 30, 2013, respectively, there were $13,642 and $17,396 of loans classified substandard and $7,891 and $9,193 of loans designated special mention that are not included in the recorded investment of impaired loans; rather, they are included in loans collectively evaluated for impairment. | |||||||||||||||||||||||||||||
Other consumer loans are internally assigned a grade of nonperforming when they become 90 days or more past due. At March 31, 2014 and September 30, 2013, no consumer loans were graded as nonperforming. |
Deposits
Deposits | 6 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Deposits [Abstract] | ' | ||||||||
Deposits | ' | ||||||||
DEPOSITS | |||||||||
Deposit account balances are summarized as follows: | |||||||||
March 31, | September 30, | ||||||||
2014 | 2013 | ||||||||
Negotiable order of withdrawal accounts | $ | 1,051,104 | $ | 1,027,316 | |||||
Savings accounts | 1,791,041 | 1,808,953 | |||||||
Certificates of deposit | 5,572,683 | 5,627,849 | |||||||
8,414,828 | 8,464,118 | ||||||||
Accrued interest | 662 | 381 | |||||||
Total deposits | $ | 8,415,490 | $ | 8,464,499 | |||||
Brokered certificates of deposit, which are used as a cost effective funding alternative, totaled $217,000 and $13,000 at March 31, 2014 and September 30, 2013, 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 Association was well capitalized at March 31, 2014 and September 30, 2013. |
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) | 6 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Comprehensive Income (Loss) [Abstract] | ' | |||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
The change in accumulated other comprehensive loss by component is as follows: | ||||||||||||||||||||||||
For the Three Months Ended | For the Three Months Ended | |||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | |||||||||||||||||||||||
Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | |||||||||||||||||||
Balance at beginning of period | $ | (4,084 | ) | $ | (6,419 | ) | $ | (10,503 | ) | $ | 1,899 | $ | (8,435 | ) | $ | (6,536 | ) | |||||||
Other comprehensive income (loss) before reclassifications, net of tax (expense) benefit of $(955) and $115 | 1,773 | — | 1,773 | (214 | ) | — | (214 | ) | ||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss), net of tax benefit of $26 and $49 | — | 48 | 48 | — | 90 | 90 | ||||||||||||||||||
Other comprehensive income (loss) | 1,773 | 48 | 1,821 | (214 | ) | 90 | (124 | ) | ||||||||||||||||
Balance at end of period | $ | (2,311 | ) | $ | (6,371 | ) | $ | (8,682 | ) | $ | 1,685 | $ | (8,345 | ) | $ | (6,660 | ) | |||||||
For the Six Months Ended | For the Six Months Ended | |||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | |||||||||||||||||||||||
Unrealized losses on securities available for sale | Defined Benefit Plan | Total | Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | |||||||||||||||||||
Balance at beginning of period | $ | (2,137 | ) | $ | (6,467 | ) | $ | (8,604 | ) | $ | 2,609 | $ | (8,525 | ) | $ | (5,916 | ) | |||||||
Other comprehensive loss before reclassifications, net of tax benefit of $94 and $498 | (174 | ) | — | (174 | ) | (924 | ) | — | (924 | ) | ||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss), net of tax benefit of $52 and $98 | — | 96 | 96 | — | 180 | 180 | ||||||||||||||||||
Other comprehensive (loss) income | (174 | ) | 96 | (78 | ) | (924 | ) | 180 | (744 | ) | ||||||||||||||
Balance at end of period | $ | (2,311 | ) | $ | (6,371 | ) | $ | (8,682 | ) | $ | 1,685 | $ | (8,345 | ) | $ | (6,660 | ) | |||||||
The following table presents the reclassification adjustment out of accumulated other comprehensive loss included in net income and the corresponding line item on the consolidated statements of income for the periods indicated: | ||||||||||||||||||||||||
Amounts Reclassified from Accumulated | ||||||||||||||||||||||||
Other Comprehensive Income | ||||||||||||||||||||||||
Details about Accumulated Other Comprehensive Income | For the Three Months Ended March 31, | For the Six Months Ended March 31, | Line Item in the Statement | |||||||||||||||||||||
Components | 2014 | 2013 | 2014 | 2013 | of Income | |||||||||||||||||||
Amortization of pension plan: | ||||||||||||||||||||||||
Actuarial loss | $ | 74 | $ | 139 | $ | 148 | $ | 278 | (a) | |||||||||||||||
Income tax benefit | (26 | ) | (49 | ) | (52 | ) | (98 | ) | Income tax expense | |||||||||||||||
Net of income tax benefit | $ | 48 | $ | 90 | $ | 96 | $ | 180 | ||||||||||||||||
(a) These items are included in the computation of net period pension cost. See Note 8. Defined Benefit Plan for additional disclosure. |
Income_Taxes
Income Taxes | 6 Months Ended |
Mar. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
INCOME TAXES | |
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and city jurisdictions. Federal income tax returns and the Association's Ohio Franchise Tax returns have been audited and settled for tax years through 2010 and 2011, respectively. With few exceptions, the Company is no longer subject to federal or state tax examinations for tax years prior to 2011. | |
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. |
Defined_Benefit_Plan
Defined Benefit Plan | 6 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Defined Benefit Plan | ' | ||||||||||||||||
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. | |||||||||||||||||
The components, including an estimated settlement adjustment due to expected lump sum payments exceeding the sum of interest and service costs for the year, of net periodic income recognized in the statements of income are as follows: | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
March 31, | March 31, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | 801 | 735 | 1,602 | 1,469 | |||||||||||||
Expected return on plan assets | (1,056 | ) | (1,029 | ) | (2,111 | ) | (2,058 | ) | |||||||||
Amortization of net loss | 74 | 139 | 148 | 278 | |||||||||||||
Estimated net loss due to settlement | 181 | — | 361 | — | |||||||||||||
Net periodic income | $ | — | $ | (155 | ) | $ | — | $ | (311 | ) | |||||||
There were no minimum employer contributions paid during the six months ended March 31, 2014. No minimum employer contributions are expected during the remainder of the fiscal year. |
Equity_Incentive_Plan
Equity Incentive Plan | 6 Months Ended |
Mar. 31, 2014 | |
Equity Incentive Plan [Abstract] | ' |
Equity Incentive Plan | ' |
EQUITY INCENTIVE PLAN | |
In December 2013, 419,300 options to purchase our common stock and 98,900 restricted stock units were granted to certain directors, officers and employees of the Company. The awards were made pursuant to the shareholder-approved 2008 Equity Incentive Plan. | |
During the six months ended March 31, 2014 and 2013, the Company recorded $3,591 and $3,259, respectively, of stock-based compensation expense, comprised of stock option expense of $1,626 and $1,632, respectively, and restricted stock units expense of $1,965 and $1,627, respectively. | |
At March 31, 2014, 6,874,825 shares were subject to options, with a weighted average exercise price of $11.14 per share and a weighted average grant date fair value of $2.95 per share. Expected future expense related to the 2,966,050 non-vested options outstanding as of March 31, 2014 is $4,103 over a weighted average of 1.5 years. At March 31, 2014, 1,104,225 restricted stock units, with a weighted average grant date fair value of $10.61 per unit, are unvested. Expected future compensation expense relating to the 1,440,284 restricted stock units outstanding as of March 31, 2014 is $4,889 over a weighted average period of 1.7 years. Each unit is equivalent to one share of common stock. |
Commitments_And_Contingent_Lia
Commitments And Contingent Liabilities | 6 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
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 5 to 10 years following the date that the line of credit was established, subject to various conditions, which include compliance with payment obligations, 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 March 31, 2014, the Company had commitments to originate loans as follows: | |||||||||||||||||
Fixed-rate mortgage loans | $ | 295,284 | |||||||||||||||
Adjustable-rate mortgage loans | 225,430 | ||||||||||||||||
Home equity loans and lines of credit | 19,828 | ||||||||||||||||
Total | $ | 540,542 | |||||||||||||||
At March 31, 2014, the Company had unfunded commitments outstanding as follows: | |||||||||||||||||
Home equity lines of credit (excluding commitments for suspended accounts) | $ | 1,102,647 | |||||||||||||||
Construction loans | 36,928 | ||||||||||||||||
Private equity investments | 12,941 | ||||||||||||||||
Total | $ | 1,152,516 | |||||||||||||||
At March 31, 2014, 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 $1,310,633. | |||||||||||||||||
The Company assumes a portion of the 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 one remaining primary mortgage insurance company. A contract with a second company was terminated effective January 8, 2014 under a Commutation and Release Agreement that reduced the Company's maximum loss remaining under the contracts by $6,385 in exchange for a $1,000 payment. Under these contracts, the Company absorbs mortgage insurance losses in a range of 5% to 12% in excess of the initial 5% loss layer of a given pool of loans, in exchange for a portion of the pool’s mortgage insurance premiums. The first 5% layer of loss must be exceeded before the Company assumes any liability. At March 31, 2014, the maximum losses remaining under the reinsurance contracts were limited to $308. The Company has paid $7,314 of losses under these reinsurance contracts and has provided a liability for the remaining estimated losses totaling $181 as of March 31, 2014. Management believes it has made adequate provision for estimated losses. No new contracts have been added to the Company’s risk exposure since December 31, 2008. The Company’s insurance partners have retained all new mortgage insurance premiums and all new risk after that date. | |||||||||||||||||
The following table summarizes the activity in the liability for unpaid losses and loss adjustment expenses: | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
March 31, | March 31, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Balance, beginning of period | $ | 1,292 | $ | 2,621 | $ | 2,158 | $ | 3,351 | |||||||||
Incurred increase (decrease) | (88 | ) | 201 | (201 | ) | (50 | ) | ||||||||||
Paid claims | (1,023 | ) | (420 | ) | (1,776 | ) | (899 | ) | |||||||||
Balance, end of period | $ | 181 | $ | 2,402 | $ | 181 | $ | 2,402 | |||||||||
At March 31, 2014 and September 30, 2013, the Company had $1,140 and $3,295, respectively, in commitments to securitize and sell mortgage loans. | |||||||||||||||||
Management expects that the above commitments will be funded through normal operations. |
Fair_Value
Fair Value | 6 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
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. 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 March 31, 2014 and September 30, 2013, respectively, there were $1,164 and $3,369 of loans held for sale, with unpaid principal balances of $1,140 and $3,295, subject to pending agency contracts for which the fair value option was elected. Included in the net gain on the sale of loans is $37 and $0 for the three months ending March 31, 2014 and 2013, respectively, and $(53) and $(210) for the six months ending March 31, 2014 and 2013, 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 March 31, 2014 and September 30, 2013, respectively, this includes $486,040 and $471,901 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 $585 and $5,475 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 March 31, 2014 and September 30, 2013 there were $1,164 and $3,369, respectively, of loans held for sale measured at fair value and $345 and $810, 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 4, 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 March 31, 2014 and September 30, 2013, respectively, this included $104,916 and $116,011 in recorded investment of troubled debt restructurings with related allowances for loss of $15,263 and $15,749. | ||||||||||||||||||||
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 March 31, 2014 and September 30, 2013, these adjustments were not significant to reported fair values. At March 31, 2014 and September 30, 2013, respectively, $18,236 and $19,644 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 $1,737 and $1,986 related to properties measured at fair value and $3,413 and $5,008 of properties carried at their original or adjusted cost basis less than fair value at March 31, 2014 and September 30, 2013, 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 March 31, 2014 and September 30, 2013 are summarized below. There were no liabilities carried at fair value on a recurring basis at March 31, 2014. | ||||||||||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
March 31, 2014 | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,031 | $ | — | $ | 2,031 | $ | — | ||||||||||||
Freddie Mac certificates | 639 | — | 639 | — | ||||||||||||||||
Ginnie Mae certificates | 10,712 | — | 10,712 | — | ||||||||||||||||
REMICs | 461,018 | — | 461,018 | — | ||||||||||||||||
Fannie Mae certificates | 11,640 | — | 11,640 | — | ||||||||||||||||
Money market accounts | 585 | 585 | — | — | ||||||||||||||||
Mortgage loans held for sale | $ | 1,164 | $ | — | $ | 1,164 | $ | — | ||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | 68 | — | — | 68 | ||||||||||||||||
Forward commitments for the sale of mortgage loans | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||||||
Total | $ | 487,860 | $ | 585 | $ | 487,207 | $ | 68 | ||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, 2013 | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (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 | — | ||||||||||||||||
REMICs | 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 | $ | — | ||||||||||||
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). | ||||||||||||||||||||
Three Months Ended March 31, | Six Months Ended March 31, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Beginning balance | $ | 52 | $ | 342 | $ | 158 | $ | 404 | ||||||||||||
Gain (loss) during the period due to changes in fair value: | ||||||||||||||||||||
Included in other non-interest income | 16 | 140 | (90 | ) | 78 | |||||||||||||||
Ending balance | $ | 68 | $ | 482 | $ | 68 | $ | 482 | ||||||||||||
Change in unrealized gains for the period included in earnings for assets held at end of the reporting date | $ | 68 | $ | 482 | $ | 68 | $ | 482 | ||||||||||||
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 | ||||||||||||||||||||
March 31, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2014 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Impaired loans, net of allowance | $ | 139,761 | $ | — | $ | — | $ | 139,761 | ||||||||||||
Real estate owned(1) | 18,236 | — | — | 18,236 | ||||||||||||||||
Total | $ | 157,997 | $ | — | $ | — | $ | 157,997 | ||||||||||||
(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 | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (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. | |||||||||||||||||||
The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy. | ||||||||||||||||||||
Fair Value | Weighted | |||||||||||||||||||
3/31/14 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $139,761 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 8.50% | ||||||||||||||||
Interest rate lock commitments | $68 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 70.60% | |||||||||||||
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% | |||||||||||||
The following tables present 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. | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 35,366 | $ | 35,366 | $ | 35,366 | $ | — | $ | — | ||||||||||
Interest earning cash equivalents | 232,436 | 232,436 | 232,436 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 486,625 | 486,625 | 585 | 486,040 | — | |||||||||||||||
Mortgage loans held for sale | 1,509 | 1,518 | — | 1,518 | ||||||||||||||||
Loans, net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,352,742 | 10,526,410 | — | — | 10,526,410 | |||||||||||||||
Other loans | 4,076 | 4,274 | — | — | 4,274 | |||||||||||||||
Federal Home Loan Bank stock | 40,405 | 40,405 | N/A | — | — | |||||||||||||||
Private equity investments | 452 | 452 | — | — | 452 | |||||||||||||||
Accrued interest receivable | 31,382 | 31,382 | — | 31,382 | — | |||||||||||||||
Derivatives | 71 | 71 | — | 3 | 68 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,842,145 | $ | 2,842,145 | $ | — | $ | 2,842,145 | $ | — | ||||||||||
Certificates of deposit | 5,573,345 | 5,438,842 | — | 5,438,842 | — | |||||||||||||||
Borrowed funds | 1,070,132 | 1,070,502 | — | 1,070,502 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 65,229 | 65,229 | — | 65,229 | — | |||||||||||||||
Principal, interest and escrow owed on loans serviced | 53,412 | 53,412 | — | 53,412 | — | |||||||||||||||
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 | $ | — | $ | — | ||||||||||
Interest earning cash equivalents | 251,302 | 251,302 | 251,302 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 477,376 | 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 serviced | 75,745 | 75,745 | — | 75,745 | — | |||||||||||||||
Derivatives | 6 | 6 | — | 6 | — | |||||||||||||||
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 Earning 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 that 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 at the carrying value, which is par. All transactions in capital stock of the FHLB of 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 | 6 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||
Derivative Instruments | ' | |||||||||||||||||
DERIVATIVE INSTRUMENTS | ||||||||||||||||||
The Company enters 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 such 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 a portion of its 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 March 31, 2014 or September 30, 2013. | ||||||||||||||||||
The following table provides the locations within the Consolidated Statements of Condition and the fair values for derivatives not designated as hedging instruments. | ||||||||||||||||||
Asset Derivatives | ||||||||||||||||||
31-Mar-14 | 30-Sep-13 | |||||||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||||||
Interest rate lock commitments | Other Assets | $ | 68 | Other Assets | $ | 158 | ||||||||||||
Forward commitments for the sale of mortgage loans | Other Assets | 3 | Other Assets | — | ||||||||||||||
$ | 71 | $ | 158 | |||||||||||||||
Liability Derivatives | ||||||||||||||||||
31-Mar-14 | 30-Sep-13 | |||||||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||||||
Forward commitments for the sale of mortgage loans | Other Liabilities | $ | — | Other Liabilities | $ | 6 | ||||||||||||
The following table summarizes the locations and amounts of gain or (loss) recognized within the Consolidated Statements of Income on derivative instruments not designated as hedging instruments. | ||||||||||||||||||
Amount of Gain or (Loss) Recognized in Income | ||||||||||||||||||
on Derivatives | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
Location of Gain or (Loss) | March 31, | March 31, | ||||||||||||||||
Recognized in Income | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest rate lock commitments | Other non-interest income | $ | 16 | $ | 140 | $ | (90 | ) | $ | 78 | ||||||||
Forward commitments for the sale of mortgage loans | Net gain on the sale of loans | 3 | — | 9 | 243 | |||||||||||||
Total | $ | 19 | $ | 140 | $ | (81 | ) | $ | 321 | |||||||||
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 6 Months Ended |
Mar. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recent Accounting Pronouncements | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | |
Pending as of March 31, 2014 | |
In January 2014, the FASB issued Accounting Standards Update 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40), Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure to reduce diversity by clarifying when an in-substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The impact of these amendments on the Company's consolidated financial statements is being evaluated. | |
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. |
Basis_Of_Presentation_Basis_Of
Basis Of Presentation Basis Of Presentation (Policies) | 6 Months Ended | ||||||
Mar. 31, 2014 | |||||||
Accounting Policies [Abstract] | ' | ||||||
Business [Policy Text Block] | ' | ||||||
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, to a much lesser extent other financial services. On March 31, 2014, approximately 74% of the Company’s outstanding shares were owned by a federally chartered mutual holding company, Third Federal Savings and Loan Association of Cleveland, MHC. The thrift subsidiary of TFS Financial Corporation is Third Federal Savings and Loan Association of Cleveland. | |||||||
Basis of Accounting, Policy [Policy Text Block] | ' | ||||||
The accounting and reporting policies followed by the Company conform in all material respects to accounting principles generally accepted in the United States of America and to general practices in the financial services industry. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for loan losses, the valuation of mortgage loan servicing rights, the valuation of deferred tax assets, and the determination of pension obligations and stock-based compensation are particularly subject to change. | |||||||
The unaudited interim consolidated financial statements were prepared without an audit and reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial condition of the Company at March 31, 2014, and its results of operations and cash flows for the periods presented. In accordance with Regulation S-X for interim financial information, these statements do not include certain information and footnote disclosures required for complete audited financial statements. The Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2013 contains consolidated financial statements and related notes, which should be read in conjunction with the accompanying interim consolidated financial statements. The results of operations for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2014 or for any other period. | |||||||
Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Charge-off & Past Due, Policy [Policy Text Block] | ' | ||||||
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 after restructuring. 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. | |||||||
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 non-accrual 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 obligations. 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. | |||||||
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 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. Management can determine the loan is uncollectible for reasons such as foreclosures exceeding a reasonable time frame and recommend a full charge-off. 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 an 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 and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | ' | ||||||
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 present value of expected future cash flows unless evaluated based on collateral. We evaluate these loans using the expected future cash flows because we expect the borrower, not liquidation of the collateral, to be the source of repayment for the loan. Other 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 the restructuring agreement. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 6 Months Ended | ||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||||||||
Summary Of Earnings Per Share | ' | ||||||||||||||||||||||
The following is a summary of the Company's earnings per share calculations. | |||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Income | Shares | Per share | Income | Shares | Per share | ||||||||||||||||||
amount | amount | ||||||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||||
Net income | $ | 16,385 | $ | 12,790 | |||||||||||||||||||
Less: income allocated to restricted stock units | 79 | 68 | |||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||
Income available to common shareholders | $ | 16,306 | 300,261,921 | $ | 0.05 | $ | 12,722 | 301,753,966 | $ | 0.04 | |||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||
Effect of dilutive potential common shares | 1,268,059 | 897,609 | |||||||||||||||||||||
Income available to common shareholders | $ | 16,306 | 301,529,980 | $ | 0.05 | $ | 12,722 | 302,651,575 | $ | 0.04 | |||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||
Income | Shares | Per share | Income | Shares | Per share | ||||||||||||||||||
amount | amount | ||||||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||||
Net income | $ | 32,409 | $ | 23,943 | |||||||||||||||||||
Less: income allocated to restricted stock units | 156 | 126 | |||||||||||||||||||||
Basic earnings per share: | |||||||||||||||||||||||
Income available to common shareholders | $ | 32,253 | 300,450,112 | $ | 0.11 | $ | 23,817 | 301,664,171 | $ | 0.08 | |||||||||||||
Diluted earnings per share: | |||||||||||||||||||||||
Effect of dilutive potential common shares | 1,246,979 | 787,173 | |||||||||||||||||||||
Income available to common shareholders | $ | 32,253 | 301,697,091 | $ | 0.11 | $ | 23,817 | 302,451,344 | $ | 0.08 | |||||||||||||
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | ' | ||||||||||||||||||||||
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 Three Months Ended March 31, | For the Six Months Ended March 31, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||
Options to purchase shares | 3,907,600 | 5,395,509 | 3,923,600 | 6,509,209 | |||||||||||||||||||
Restricted stock units | — | 30,000 | — | 30,000 | |||||||||||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 6 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments Securities Available For Sale | ' | |||||||||||||||||||||||
Investments available for sale are summarized as follows: | ||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Amortized | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | |||||||||||||||||||||||
U.S. government and agency obligations | $ | 2,000 | $ | 31 | $ | — | $ | 2,031 | ||||||||||||||||
Freddie Mac certificates | 604 | 35 | — | 639 | ||||||||||||||||||||
Ginnie Mae certificates | 10,424 | 288 | — | 10,712 | ||||||||||||||||||||
REMICs | 465,445 | 1,708 | (6,135 | ) | 461,018 | |||||||||||||||||||
Fannie Mae certificates | 11,123 | 760 | (243 | ) | 11,640 | |||||||||||||||||||
Money market accounts | 585 | — | — | 585 | ||||||||||||||||||||
Total | $ | 490,181 | $ | 2,822 | $ | (6,378 | ) | $ | 486,625 | |||||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
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 | ||||||||||||||||||||
REMICs | 448,881 | 1,506 | (5,810 | ) | 444,577 | |||||||||||||||||||
Fannie Mae certificates | 11,495 | 805 | (305 | ) | 11,995 | |||||||||||||||||||
Money market accounts | 5,475 | — | — | 5,475 | ||||||||||||||||||||
Total | $ | 480,664 | $ | 2,827 | $ | (6,115 | ) | $ | 477,376 | |||||||||||||||
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 March 31, 2014 and September 30, 2013, were as follows: | ||||||||||||||||||||||||
March 31, 2014 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 210,446 | $ | 4,094 | $ | 91,345 | $ | 2,041 | $ | 301,791 | $ | 6,135 | ||||||||||||
Fannie Mae certificates | 4,807 | 243 | — | — | 4,807 | 243 | ||||||||||||||||||
Total | $ | 215,253 | $ | 4,337 | $ | 91,345 | $ | 2,041 | $ | 306,598 | $ | 6,378 | ||||||||||||
September 30, 2013 | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | Estimated Fair Value | Unrealized Loss | |||||||||||||||||||
Available for sale— | ||||||||||||||||||||||||
REMICs | $ | 237,774 | $ | 4,984 | $ | 45,768 | $ | 826 | $ | 283,542 | $ | 5,810 | ||||||||||||
Fannie Mae certificates | 4,806 | 305 | — | — | 4,806 | 305 | ||||||||||||||||||
Total | $ | 242,580 | $ | 5,289 | $ | 45,768 | $ | 826 | $ | 288,348 | $ | 6,115 | ||||||||||||
Loans_And_Allowance_For_Loan_L1
Loans And Allowance For Loan Losses (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans Held For Investment | ' | ||||||||||||||||||||||||||||
Loans held for investment consist of the following: | |||||||||||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,486,701 | $ | 8,118,511 | |||||||||||||||||||||||||
Residential Home Today | 165,226 | 178,353 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 1,758,811 | 1,858,398 | |||||||||||||||||||||||||||
Construction | 70,236 | 72,430 | |||||||||||||||||||||||||||
Real estate loans | 10,480,974 | 10,227,692 | |||||||||||||||||||||||||||
Other consumer loans | 4,076 | 4,100 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Deferred loan fees—net | (7,913 | ) | (13,171 | ) | |||||||||||||||||||||||||
LIP | (36,928 | ) | (42,018 | ) | |||||||||||||||||||||||||
Allowance for loan losses | (83,391 | ) | (92,537 | ) | |||||||||||||||||||||||||
Loans held for investment, net | $ | 10,356,818 | $ | 10,084,066 | |||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
March 31, | September 30, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,915 | $ | 91,048 | |||||||||||||||||||||||||
Residential Home Today | 31,469 | 34,813 | |||||||||||||||||||||||||||
Home equity loans and lines of credit | 30,162 | 29,943 | |||||||||||||||||||||||||||
Construction | 151 | 41 | |||||||||||||||||||||||||||
Total real estate loans | 142,697 | 155,845 | |||||||||||||||||||||||||||
Other consumer loans | — | — | |||||||||||||||||||||||||||
Total non-accrual loans | $ | 142,697 | $ | 155,845 | |||||||||||||||||||||||||
Schedule Of Recorded Investment Of Loan Receivables That Are Past Due | ' | ||||||||||||||||||||||||||||
An age analysis of the recorded investment in loan receivables that are past due at March 31, 2014 and September 30, 2013 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 | 60-89 | 90 Days or | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | More Past | Due | ||||||||||||||||||||||||||
Past Due | Past Due | Due | |||||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 11,773 | $ | 4,428 | $ | 44,391 | $ | 60,592 | $ | 8,414,444 | $ | 8,475,036 | |||||||||||||||||
Residential Home Today | 6,541 | 2,325 | 16,222 | 25,088 | 137,607 | 162,695 | |||||||||||||||||||||||
Home equity loans and lines of credit | 5,903 | 3,341 | 13,107 | 22,351 | 1,742,985 | 1,765,336 | |||||||||||||||||||||||
Construction | — | — | 151 | 151 | 32,915 | 33,066 | |||||||||||||||||||||||
Total real estate loans | 24,217 | 10,094 | 73,871 | 108,182 | 10,327,951 | 10,436,133 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | 4,076 | 4,076 | |||||||||||||||||||||||
Total | $ | 24,217 | $ | 10,094 | $ | 73,871 | $ | 108,182 | $ | 10,332,027 | $ | 10,440,209 | |||||||||||||||||
30-59 | 60-89 | 90 Days or | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | More Past | Due | ||||||||||||||||||||||||||
Past Due | Past Due | 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 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | 4,100 | 4,100 | |||||||||||||||||||||||
Total | $ | 31,490 | $ | 15,639 | $ | 86,908 | $ | 134,037 | $ | 10,042,566 | $ | 10,176,603 | |||||||||||||||||
Schedule Of Activity In The Allowance For Loan Losses | ' | ||||||||||||||||||||||||||||
Activity in the allowance for loan losses is summarized as follows: | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 33,462 | $ | 1,865 | $ | (3,707 | ) | $ | 1,022 | $ | 32,642 | ||||||||||||||||||
Residential Home Today | 20,479 | (2,412 | ) | (2,388 | ) | 1,240 | 16,919 | ||||||||||||||||||||||
Home equity loans and lines of credit | 31,227 | 5,624 | (4,258 | ) | 1,192 | 33,785 | |||||||||||||||||||||||
Construction | 114 | (77 | ) | — | 8 | 45 | |||||||||||||||||||||||
Total real estate loans | 85,282 | 5,000 | (10,353 | ) | 3,462 | 83,391 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 85,282 | $ | 5,000 | $ | (10,353 | ) | $ | 3,462 | $ | 83,391 | ||||||||||||||||||
For the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 33,091 | $ | 6,084 | $ | (5,264 | ) | $ | 261 | $ | 34,172 | ||||||||||||||||||
Residential Home Today | 24,383 | 7,138 | (3,839 | ) | 61 | 27,743 | |||||||||||||||||||||||
Home equity loans and lines of credit | 47,246 | (3,073 | ) | (6,670 | ) | 1,465 | 38,968 | ||||||||||||||||||||||
Construction | 481 | (149 | ) | (48 | ) | 50 | 334 | ||||||||||||||||||||||
Total real estate loans | 105,201 | 10,000 | (15,821 | ) | 1,837 | 101,217 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 105,201 | $ | 10,000 | $ | (15,821 | ) | $ | 1,837 | $ | 101,217 | ||||||||||||||||||
For the Six Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 35,427 | $ | 6,946 | $ | (11,183 | ) | $ | 1,452 | $ | 32,642 | ||||||||||||||||||
Residential Home Today | 24,112 | (3,219 | ) | (5,321 | ) | 1,347 | 16,919 | ||||||||||||||||||||||
Home equity loans and lines of credit | 32,818 | 7,381 | (8,935 | ) | 2,521 | 33,785 | |||||||||||||||||||||||
Construction | 180 | (108 | ) | (41 | ) | 14 | 45 | ||||||||||||||||||||||
Total real estate loans | 92,537 | 11,000 | (25,480 | ) | 5,334 | 83,391 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 92,537 | $ | 11,000 | $ | (25,480 | ) | $ | 5,334 | $ | 83,391 | ||||||||||||||||||
For the Six Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Beginning | Provisions | Charge-offs | Recoveries | Ending | |||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 31,618 | $ | 11,861 | $ | (9,899 | ) | $ | 592 | $ | 34,172 | ||||||||||||||||||
Residential Home Today | 22,588 | 12,376 | (7,373 | ) | 152 | 27,743 | |||||||||||||||||||||||
Home equity loans and lines of credit | 45,508 | 4,186 | (12,978 | ) | 2,252 | 38,968 | |||||||||||||||||||||||
Construction | 750 | (423 | ) | (53 | ) | 60 | 334 | ||||||||||||||||||||||
Total real estate loans | 100,464 | 28,000 | (30,303 | ) | 3,056 | 101,217 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | ||||||||||||||||||||||||
Total | $ | 100,464 | $ | 28,000 | $ | (30,303 | ) | $ | 3,056 | $ | 101,217 | ||||||||||||||||||
Summary Of Recorded Investment In Loan Receivables According To The Method Of Evaluation | ' | ||||||||||||||||||||||||||||
The recorded investment in loan receivables at March 31, 2014 and September 30, 2013 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. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 136,820 | $ | 8,338,216 | $ | 8,475,036 | $ | 149,102 | $ | 7,952,311 | $ | 8,101,413 | |||||||||||||||||
Residential Home Today | 71,997 | 90,698 | 162,695 | 79,065 | 96,528 | 175,593 | |||||||||||||||||||||||
Home equity loans and lines of credit | 35,810 | 1,729,526 | 1,765,336 | 34,387 | 1,831,037 | 1,865,424 | |||||||||||||||||||||||
Construction | 151 | 32,915 | 33,066 | 487 | 29,586 | 30,073 | |||||||||||||||||||||||
Total real estate loans | 244,778 | 10,191,355 | 10,436,133 | 263,041 | 9,909,462 | 10,172,503 | |||||||||||||||||||||||
Other consumer loans | — | 4,076 | 4,076 | — | 4,100 | 4,100 | |||||||||||||||||||||||
Total | $ | 244,778 | $ | 10,195,431 | $ | 10,440,209 | $ | 263,041 | $ | 9,913,562 | $ | 10,176,603 | |||||||||||||||||
Schedule Of Allowance For Loan Losses According To The Method Of Evaluation | ' | ||||||||||||||||||||||||||||
An analysis of the allowance for loan losses at March 31, 2014 and September 30, 2013 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. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Individually | Collectively | Total | Individually | Collectively | Total | ||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,632 | $ | 24,010 | $ | 32,642 | $ | 7,138 | $ | 28,289 | $ | 35,427 | |||||||||||||||||
Residential Home Today | 6,195 | 10,724 | 16,919 | 7,677 | 16,435 | 24,112 | |||||||||||||||||||||||
Home equity loans and lines of credit | 537 | 33,248 | 33,785 | 1,018 | 31,800 | 32,818 | |||||||||||||||||||||||
Construction | — | 45 | 45 | 5 | 175 | 180 | |||||||||||||||||||||||
Total real estate loans | 15,364 | 68,027 | 83,391 | 15,838 | 76,699 | 92,537 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 15,364 | $ | 68,027 | $ | 83,391 | $ | 15,838 | $ | 76,699 | $ | 92,537 | |||||||||||||||||
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 reported as troubled debt restructurings, as of March 31, 2014 and September 30, 2013 are summarized as follows. Balances of recorded investments are net of deferred fees. | |||||||||||||||||||||||||||||
March 31, 2014 | September 30, 2013 | ||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | Allowance | ||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,384 | $ | 103,894 | $ | — | $ | 86,040 | $ | 114,799 | $ | — | |||||||||||||||||
Residential Home Today | 30,545 | 62,280 | — | 33,163 | 66,366 | — | |||||||||||||||||||||||
Home equity loans and lines of credit | 28,925 | 41,669 | — | 27,494 | 58,267 | — | |||||||||||||||||||||||
Construction | 151 | 169 | — | 422 | 544 | — | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 140,005 | $ | 208,012 | $ | — | $ | 147,119 | $ | 239,976 | $ | — | |||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 56,436 | $ | 57,466 | $ | 8,632 | $ | 63,062 | $ | 64,468 | $ | 7,138 | |||||||||||||||||
Residential Home Today | 41,452 | 42,125 | 6,195 | 45,902 | 46,698 | 7,677 | |||||||||||||||||||||||
Home equity loans and lines of credit | 6,885 | 6,934 | 537 | 6,893 | 6,996 | 1,018 | |||||||||||||||||||||||
Construction | — | — | — | 65 | 65 | 5 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 104,773 | $ | 106,525 | $ | 15,364 | $ | 115,922 | $ | 118,227 | $ | 15,838 | |||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 136,820 | $ | 161,360 | $ | 8,632 | $ | 149,102 | $ | 179,267 | $ | 7,138 | |||||||||||||||||
Residential Home Today | 71,997 | 104,405 | 6,195 | 79,065 | 113,064 | 7,677 | |||||||||||||||||||||||
Home equity loans and lines of credit | 35,810 | 48,603 | 537 | 34,387 | 65,263 | 1,018 | |||||||||||||||||||||||
Construction | 151 | 169 | — | 487 | 609 | 5 | |||||||||||||||||||||||
Other consumer loans | — | — | — | — | — | — | |||||||||||||||||||||||
Total | $ | 244,778 | $ | 314,537 | $ | 15,364 | $ | 263,041 | $ | 358,203 | $ | 15,838 | |||||||||||||||||
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 period that the loans were impaired are summarized below. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 80,383 | $ | 294 | $ | 92,774 | $ | 258 | |||||||||||||||||||||
Residential Home Today | 31,130 | 66 | 35,450 | 18 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 28,752 | 85 | 27,619 | 114 | |||||||||||||||||||||||||
Construction | 340 | 1 | 666 | 4 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 140,605 | $ | 446 | $ | 156,509 | $ | 394 | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 59,000 | $ | 680 | $ | 65,963 | $ | 803 | |||||||||||||||||||||
Residential Home Today | 42,427 | 536 | 53,691 | 632 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 6,888 | 59 | 7,947 | 64 | |||||||||||||||||||||||||
Construction | — | — | 402 | 4 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 108,315 | $ | 1,275 | $ | 128,003 | $ | 1,503 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 139,383 | $ | 974 | $ | 158,737 | $ | 1,061 | |||||||||||||||||||||
Residential Home Today | 73,557 | 602 | 89,141 | 650 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 35,640 | 144 | 35,566 | 178 | |||||||||||||||||||||||||
Construction | 340 | 1 | 1,068 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 248,920 | $ | 1,721 | $ | 284,512 | $ | 1,897 | |||||||||||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Average | Interest | Average | Interest | ||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 83,212 | $ | 575 | $ | 94,058 | $ | 657 | |||||||||||||||||||||
Residential Home Today | 31,854 | 153 | 35,572 | 86 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 28,210 | 177 | 25,014 | 296 | |||||||||||||||||||||||||
Construction | 287 | 6 | 761 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 143,563 | $ | 911 | $ | 155,405 | $ | 1,047 | |||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 59,749 | $ | 1,423 | $ | 66,707 | $ | 1,645 | |||||||||||||||||||||
Residential Home Today | 43,677 | 1,089 | 55,432 | 1,274 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 6,889 | 119 | 9,913 | 138 | |||||||||||||||||||||||||
Construction | 33 | — | 404 | 8 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 110,348 | $ | 2,631 | $ | 132,456 | $ | 3,065 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 142,961 | $ | 1,998 | $ | 160,765 | $ | 2,302 | |||||||||||||||||||||
Residential Home Today | 75,531 | 1,242 | 91,004 | 1,360 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 35,099 | 296 | 34,927 | 434 | |||||||||||||||||||||||||
Construction | 320 | 6 | 1,165 | 16 | |||||||||||||||||||||||||
Other consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | $ | 253,911 | $ | 3,542 | $ | 287,861 | $ | 4,112 | |||||||||||||||||||||
Schedule Of Recorded Investment In Troubled Debt Restructured Loans By Type Of Concession | ' | ||||||||||||||||||||||||||||
The recorded investment in troubled debt restructurings as of March 31, 2014 and September 30, 2013 is shown in the tables below. | |||||||||||||||||||||||||||||
March 31, 2014 | Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | ||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 16,099 | $ | 1,588 | $ | 11,362 | $ | 20,541 | $ | 20,096 | $ | 35,055 | $ | 104,741 | |||||||||||||||
Residential Home Today | 13,090 | 89 | 7,693 | 17,209 | 20,658 | 5,039 | 63,778 | ||||||||||||||||||||||
Home equity loans and lines of credit | 78 | 1,004 | 599 | 909 | 667 | 17,744 | 21,001 | ||||||||||||||||||||||
Construction | — | 151 | — | — | — | — | 151 | ||||||||||||||||||||||
Total | $ | 29,267 | $ | 2,832 | $ | 19,654 | $ | 38,659 | $ | 41,421 | $ | 57,838 | $ | 189,671 | |||||||||||||||
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 | |||||||||||||||
Summary Of Troubled Debt Restructured Loans Modified By Type Of Concession | ' | ||||||||||||||||||||||||||||
The following tables set forth the recorded investment in troubled debt restructured loans modified during the periods presented, according to the types of concessions granted. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 442 | $ | — | $ | — | $ | 586 | $ | 1,360 | $ | 1,541 | $ | 3,929 | |||||||||||||||
Residential Home Today | 74 | — | — | 2 | 1,207 | 227 | 1,510 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | 237 | — | 551 | 70 | 1,189 | 2,047 | ||||||||||||||||||||||
Total | $ | 516 | $ | 237 | $ | — | $ | 1,139 | $ | 2,637 | $ | 2,957 | $ | 7,486 | |||||||||||||||
For the Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 423 | $ | — | $ | — | $ | 1,107 | $ | 1,810 | $ | 2,511 | $ | 5,851 | |||||||||||||||
Residential Home Today | — | — | — | 144 | 3,209 | 471 | 3,824 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | 19 | 8 | 960 | 987 | ||||||||||||||||||||||
Total | $ | 423 | $ | — | $ | — | $ | 1,270 | $ | 5,027 | $ | 3,942 | $ | 10,662 | |||||||||||||||
For the Six Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 921 | $ | — | $ | 225 | $ | 2,112 | $ | 2,637 | $ | 3,397 | $ | 9,292 | |||||||||||||||
Residential Home Today | 163 | — | — | 227 | 2,321 | 445 | 3,156 | ||||||||||||||||||||||
Home equity loans and lines of credit | — | 523 | — | 745 | 126 | 2,073 | 3,467 | ||||||||||||||||||||||
Total | $ | 1,084 | $ | 523 | $ | 225 | $ | 3,084 | $ | 5,084 | $ | 5,915 | $ | 15,915 | |||||||||||||||
For the Six Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Reduction in | Payment | Forbearance or | Multiple | Multiple | Bankruptcy | Total | |||||||||||||||||||||||
Interest Rates | Extensions | Other Actions | Concessions | Modifications | |||||||||||||||||||||||||
Residential non-Home Today | $ | 1,799 | $ | — | $ | — | $ | 2,292 | $ | 3,299 | $ | 5,199 | $ | 12,589 | |||||||||||||||
Residential Home Today | 147 | — | — | 490 | 6,791 | 1,097 | 8,525 | ||||||||||||||||||||||
Home equity loans and lines of credit | 13 | 100 | — | 19 | 8 | 1,990 | 2,130 | ||||||||||||||||||||||
Total | $ | 1,959 | $ | 100 | $ | — | $ | 2,801 | $ | 10,098 | $ | 8,286 | $ | 23,244 | |||||||||||||||
Schedule Of Troubled Debt Restructured Loans Modified Within The Last 12 Months Which Defaulted | ' | ||||||||||||||||||||||||||||
The following tables provide information on troubled debt restructured loans modified within the previous 12 months for which there was a payment default, at least 30 days past due on one scheduled payment, during the period presented. | |||||||||||||||||||||||||||||
For the Three Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||||||
Residential non-Home Today | 32 | $ | 3,359 | 62 | $ | 6,702 | |||||||||||||||||||||||
Residential Home Today | 31 | 1,516 | 53 | 2,491 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 40 | 1,469 | 26 | 937 | |||||||||||||||||||||||||
Construction | — | — | 1 | 18 | |||||||||||||||||||||||||
Total | 103 | $ | 6,344 | 142 | $ | 10,148 | |||||||||||||||||||||||
For the Six Months Ended March 31, | |||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||||||
Residential non-Home Today | 37 | $ | 3,773 | 66 | $ | 7,124 | |||||||||||||||||||||||
Residential Home Today | 38 | 1,776 | 54 | 2,499 | |||||||||||||||||||||||||
Home equity loans and lines of credit | 49 | 1,554 | 36 | 994 | |||||||||||||||||||||||||
Construction | — | — | 1 | 18 | |||||||||||||||||||||||||
Total | 124 | $ | 7,103 | 157 | $ | 10,635 | |||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||
March 31, 2014 | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Residential non-Home Today | $ | 8,388,206 | $ | — | $ | 86,830 | $ | — | $ | 8,475,036 | |||||||||||||||||||
Residential Home Today | 129,853 | — | 32,842 | — | 162,695 | ||||||||||||||||||||||||
Home equity loans and lines of credit | 1,722,948 | 7,891 | 34,497 | — | 1,765,336 | ||||||||||||||||||||||||
Construction | 32,915 | — | 151 | — | 33,066 | ||||||||||||||||||||||||
Total | $ | 10,273,922 | $ | 7,891 | $ | 154,320 | $ | — | $ | 10,436,133 | |||||||||||||||||||
Pass | Special | Substandard | Loss | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 6 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Deposits [Abstract] | ' | ||||||||
Summary Of Deposit Account Balances | ' | ||||||||
Deposit account balances are summarized as follows: | |||||||||
March 31, | September 30, | ||||||||
2014 | 2013 | ||||||||
Negotiable order of withdrawal accounts | $ | 1,051,104 | $ | 1,027,316 | |||||
Savings accounts | 1,791,041 | 1,808,953 | |||||||
Certificates of deposit | 5,572,683 | 5,627,849 | |||||||
8,414,828 | 8,464,118 | ||||||||
Accrued interest | 662 | 381 | |||||||
Total deposits | $ | 8,415,490 | $ | 8,464,499 | |||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) (Tables) | 6 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Comprehensive Income (Loss) [Abstract] | ' | |||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The change in accumulated other comprehensive loss by component is as follows: | ||||||||||||||||||||||||
For the Three Months Ended | For the Three Months Ended | |||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | |||||||||||||||||||||||
Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | |||||||||||||||||||
Balance at beginning of period | $ | (4,084 | ) | $ | (6,419 | ) | $ | (10,503 | ) | $ | 1,899 | $ | (8,435 | ) | $ | (6,536 | ) | |||||||
Other comprehensive income (loss) before reclassifications, net of tax (expense) benefit of $(955) and $115 | 1,773 | — | 1,773 | (214 | ) | — | (214 | ) | ||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss), net of tax benefit of $26 and $49 | — | 48 | 48 | — | 90 | 90 | ||||||||||||||||||
Other comprehensive income (loss) | 1,773 | 48 | 1,821 | (214 | ) | 90 | (124 | ) | ||||||||||||||||
Balance at end of period | $ | (2,311 | ) | $ | (6,371 | ) | $ | (8,682 | ) | $ | 1,685 | $ | (8,345 | ) | $ | (6,660 | ) | |||||||
For the Six Months Ended | For the Six Months Ended | |||||||||||||||||||||||
March 31, 2014 | March 31, 2013 | |||||||||||||||||||||||
Unrealized losses on securities available for sale | Defined Benefit Plan | Total | Unrealized gains (losses) on securities available for sale | Defined Benefit Plan | Total | |||||||||||||||||||
Balance at beginning of period | $ | (2,137 | ) | $ | (6,467 | ) | $ | (8,604 | ) | $ | 2,609 | $ | (8,525 | ) | $ | (5,916 | ) | |||||||
Other comprehensive loss before reclassifications, net of tax benefit of $94 and $498 | (174 | ) | — | (174 | ) | (924 | ) | — | (924 | ) | ||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss), net of tax benefit of $52 and $98 | — | 96 | 96 | — | 180 | 180 | ||||||||||||||||||
Other comprehensive (loss) income | (174 | ) | 96 | (78 | ) | (924 | ) | 180 | (744 | ) | ||||||||||||||
Balance at end of period | $ | (2,311 | ) | $ | (6,371 | ) | $ | (8,682 | ) | $ | 1,685 | $ | (8,345 | ) | $ | (6,660 | ) | |||||||
Reclassification out of Accumulated Other Comprehensive Income (Loss) Included in Net Income [Table Text Block] | ' | |||||||||||||||||||||||
The following table presents the reclassification adjustment out of accumulated other comprehensive loss included in net income and the corresponding line item on the consolidated statements of income for the periods indicated: | ||||||||||||||||||||||||
Amounts Reclassified from Accumulated | ||||||||||||||||||||||||
Other Comprehensive Income | ||||||||||||||||||||||||
Details about Accumulated Other Comprehensive Income | For the Three Months Ended March 31, | For the Six Months Ended March 31, | Line Item in the Statement | |||||||||||||||||||||
Components | 2014 | 2013 | 2014 | 2013 | of Income | |||||||||||||||||||
Amortization of pension plan: | ||||||||||||||||||||||||
Actuarial loss | $ | 74 | $ | 139 | $ | 148 | $ | 278 | (a) | |||||||||||||||
Income tax benefit | (26 | ) | (49 | ) | (52 | ) | (98 | ) | Income tax expense | |||||||||||||||
Net of income tax benefit | $ | 48 | $ | 90 | $ | 96 | $ | 180 | ||||||||||||||||
(a) These items are included in the computation of net period pension cost. See Note 8. Defined Benefit Plan for additional disclosure. |
Defined_Benefit_Plan_Tables
Defined Benefit Plan (Tables) | 6 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Components Of Net Periodic Benefit Cost Recognized | ' | ||||||||||||||||
The components, including an estimated settlement adjustment due to expected lump sum payments exceeding the sum of interest and service costs for the year, of net periodic income recognized in the statements of income are as follows: | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
March 31, | March 31, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | 801 | 735 | 1,602 | 1,469 | |||||||||||||
Expected return on plan assets | (1,056 | ) | (1,029 | ) | (2,111 | ) | (2,058 | ) | |||||||||
Amortization of net loss | 74 | 139 | 148 | 278 | |||||||||||||
Estimated net loss due to settlement | 181 | — | 361 | — | |||||||||||||
Net periodic income | $ | — | $ | (155 | ) | $ | — | $ | (311 | ) | |||||||
Commitments_And_Contingent_Lia1
Commitments And Contingent Liabilities (Tables) | 6 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||
Commitments To Originate Loans | ' | ||||||||||||||||
At March 31, 2014, the Company had commitments to originate loans as follows: | |||||||||||||||||
Fixed-rate mortgage loans | $ | 295,284 | |||||||||||||||
Adjustable-rate mortgage loans | 225,430 | ||||||||||||||||
Home equity loans and lines of credit | 19,828 | ||||||||||||||||
Total | $ | 540,542 | |||||||||||||||
Unfunded Loan Commitments Outstanding | ' | ||||||||||||||||
At March 31, 2014, the Company had unfunded commitments outstanding as follows: | |||||||||||||||||
Home equity lines of credit (excluding commitments for suspended accounts) | $ | 1,102,647 | |||||||||||||||
Construction loans | 36,928 | ||||||||||||||||
Private equity investments | 12,941 | ||||||||||||||||
Total | $ | 1,152,516 | |||||||||||||||
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: | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
March 31, | March 31, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Balance, beginning of period | $ | 1,292 | $ | 2,621 | $ | 2,158 | $ | 3,351 | |||||||||
Incurred increase (decrease) | (88 | ) | 201 | (201 | ) | (50 | ) | ||||||||||
Paid claims | (1,023 | ) | (420 | ) | (1,776 | ) | (899 | ) | |||||||||
Balance, end of period | $ | 181 | $ | 2,402 | $ | 181 | $ | 2,402 | |||||||||
Fair_Value_Tables
Fair Value (Tables) | 6 Months Ended | |||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||
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 March 31, 2014 and September 30, 2013 are summarized below. There were no liabilities carried at fair value on a recurring basis at March 31, 2014. | ||||||||||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
March 31, 2014 | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Assets | ||||||||||||||||||||
Investment securities available for sale: | ||||||||||||||||||||
U.S. government and agency obligations | $ | 2,031 | $ | — | $ | 2,031 | $ | — | ||||||||||||
Freddie Mac certificates | 639 | — | 639 | — | ||||||||||||||||
Ginnie Mae certificates | 10,712 | — | 10,712 | — | ||||||||||||||||
REMICs | 461,018 | — | 461,018 | — | ||||||||||||||||
Fannie Mae certificates | 11,640 | — | 11,640 | — | ||||||||||||||||
Money market accounts | 585 | 585 | — | — | ||||||||||||||||
Mortgage loans held for sale | $ | 1,164 | $ | — | $ | 1,164 | $ | — | ||||||||||||
Derivatives: | ||||||||||||||||||||
Interest rate lock commitments | 68 | — | — | 68 | ||||||||||||||||
Forward commitments for the sale of mortgage loans | $ | 3 | $ | — | $ | 3 | $ | — | ||||||||||||
Total | $ | 487,860 | $ | 585 | $ | 487,207 | $ | 68 | ||||||||||||
Recurring Fair Value Measurements at Reporting Date Using | ||||||||||||||||||||
September 30, 2013 | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | ||||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (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 | — | ||||||||||||||||
REMICs | 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 | $ | — | ||||||||||||
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). | ||||||||||||||||||||
Three Months Ended March 31, | Six Months Ended March 31, | |||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Beginning balance | $ | 52 | $ | 342 | $ | 158 | $ | 404 | ||||||||||||
Gain (loss) during the period due to changes in fair value: | ||||||||||||||||||||
Included in other non-interest income | 16 | 140 | (90 | ) | 78 | |||||||||||||||
Ending balance | $ | 68 | $ | 482 | $ | 68 | $ | 482 | ||||||||||||
Change in unrealized gains for the period included in earnings for assets held at end of the reporting date | $ | 68 | $ | 482 | $ | 68 | $ | 482 | ||||||||||||
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 | ||||||||||||||||||||
March 31, | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
2014 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
Impaired loans, net of allowance | $ | 139,761 | $ | — | $ | — | $ | 139,761 | ||||||||||||
Real estate owned(1) | 18,236 | — | — | 18,236 | ||||||||||||||||
Total | $ | 157,997 | $ | — | $ | — | $ | 157,997 | ||||||||||||
(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 | |||||||||||||||||
2013 | Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||
Identical Assets | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (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. | |||||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information | ' | |||||||||||||||||||
The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy. | ||||||||||||||||||||
Fair Value | Weighted | |||||||||||||||||||
3/31/14 | Valuation Technique(s) | Unobservable Input | Range | Average | ||||||||||||||||
Impaired loans, net of allowance | $139,761 | Market comparables of collateral discounted to estimated net proceeds | Discount appraised value to estimated net proceeds based on historical experience: | |||||||||||||||||
• Residential Properties | 0 | - | 24% | 8.50% | ||||||||||||||||
Interest rate lock commitments | $68 | Quoted Secondary Market pricing | Closure rate | 0 | - | 100% | 70.60% | |||||||||||||
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% | |||||||||||||
Estimated Fair Value Of Financial Instruments | ' | |||||||||||||||||||
The following tables present 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. | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||
Carrying | Estimated Fair Value | |||||||||||||||||||
Amount | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Assets: | ||||||||||||||||||||
Cash and due from banks | $ | 35,366 | $ | 35,366 | $ | 35,366 | $ | — | $ | — | ||||||||||
Interest earning cash equivalents | 232,436 | 232,436 | 232,436 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 486,625 | 486,625 | 585 | 486,040 | — | |||||||||||||||
Mortgage loans held for sale | 1,509 | 1,518 | — | 1,518 | ||||||||||||||||
Loans, net: | ||||||||||||||||||||
Mortgage loans held for investment | 10,352,742 | 10,526,410 | — | — | 10,526,410 | |||||||||||||||
Other loans | 4,076 | 4,274 | — | — | 4,274 | |||||||||||||||
Federal Home Loan Bank stock | 40,405 | 40,405 | N/A | — | — | |||||||||||||||
Private equity investments | 452 | 452 | — | — | 452 | |||||||||||||||
Accrued interest receivable | 31,382 | 31,382 | — | 31,382 | — | |||||||||||||||
Derivatives | 71 | 71 | — | 3 | 68 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
NOW and passbook accounts | $ | 2,842,145 | $ | 2,842,145 | $ | — | $ | 2,842,145 | $ | — | ||||||||||
Certificates of deposit | 5,573,345 | 5,438,842 | — | 5,438,842 | — | |||||||||||||||
Borrowed funds | 1,070,132 | 1,070,502 | — | 1,070,502 | — | |||||||||||||||
Borrowers’ advances for taxes and insurance | 65,229 | 65,229 | — | 65,229 | — | |||||||||||||||
Principal, interest and escrow owed on loans serviced | 53,412 | 53,412 | — | 53,412 | — | |||||||||||||||
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 | $ | — | $ | — | ||||||||||
Interest earning cash equivalents | 251,302 | 251,302 | 251,302 | — | — | |||||||||||||||
Investment securities: | ||||||||||||||||||||
Available for sale | 477,376 | 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 serviced | 75,745 | 75,745 | — | 75,745 | — | |||||||||||||||
Derivatives | 6 | 6 | — | 6 | — | |||||||||||||||
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 6 Months Ended | |||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||
Summary of Derivative Instruments [Abstract] | ' | |||||||||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | |||||||||||||||||
The following table provides the locations within the Consolidated Statements of Condition and the fair values for derivatives not designated as hedging instruments. | ||||||||||||||||||
Asset Derivatives | ||||||||||||||||||
31-Mar-14 | 30-Sep-13 | |||||||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||||||
Interest rate lock commitments | Other Assets | $ | 68 | Other Assets | $ | 158 | ||||||||||||
Forward commitments for the sale of mortgage loans | Other Assets | 3 | Other Assets | — | ||||||||||||||
$ | 71 | $ | 158 | |||||||||||||||
Liability Derivatives | ||||||||||||||||||
31-Mar-14 | 30-Sep-13 | |||||||||||||||||
Location | Fair Value | Location | Fair Value | |||||||||||||||
Forward commitments for the sale of mortgage loans | Other Liabilities | $ | — | Other Liabilities | $ | 6 | ||||||||||||
Schedule of Effect of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | ' | |||||||||||||||||
The following table summarizes the locations and amounts of gain or (loss) recognized within the Consolidated Statements of Income on derivative instruments not designated as hedging instruments. | ||||||||||||||||||
Amount of Gain or (Loss) Recognized in Income | ||||||||||||||||||
on Derivatives | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
Location of Gain or (Loss) | March 31, | March 31, | ||||||||||||||||
Recognized in Income | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest rate lock commitments | Other non-interest income | $ | 16 | $ | 140 | $ | (90 | ) | $ | 78 | ||||||||
Forward commitments for the sale of mortgage loans | Net gain on the sale of loans | 3 | — | 9 | 243 | |||||||||||||
Total | $ | 19 | $ | 140 | $ | (81 | ) | $ | 321 | |||||||||
Recent_Accounting_Pronouncemen1
Recent Accounting Pronouncements (Tables) | 6 Months Ended |
Mar. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
Pending as of March 31, 2014 | |
In January 2014, the FASB issued Accounting Standards Update 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40), Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure to reduce diversity by clarifying when an in-substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The impact of these amendments on the Company's consolidated financial statements is being evaluated. | |
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. |
Basis_Of_Presentation_Details
Basis Of Presentation (Details) (Third Federal Savings, MHC, Common Stock) | Mar. 31, 2014 |
Third Federal Savings, MHC | Common Stock | ' |
Percentage of outstanding shares owned by Third Federal Savings, MHC | 74.00% |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 6 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Earnings Per Share [Abstract] | ' | ' |
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) | 6,825,100 | 7,258,440 |
Earnings_Per_Share_Summary_Of_
Earnings Per Share (Summary Of Earnings Per Share) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income | $16,385 | $12,790 | $32,409 | $23,943 |
Less: income allocated to restricted stock units | 79 | 68 | 156 | 126 |
Basic earnings per share: | ' | ' | ' | ' |
Income available to common shareholders | 16,306 | 12,722 | 32,253 | 23,817 |
Income available to common shareholders, Shares | 300,261,921 | 301,753,966 | 300,450,112 | 301,664,171 |
Income available to common shareholders, Per share amount | $0.05 | $0.04 | $0.11 | $0.08 |
Diluted earnings per share: | ' | ' | ' | ' |
Effect of dilutive potential common shares | 1,268,059 | 897,609 | 1,246,979 | 787,173 |
Income available to common shareholders | $16,306 | $12,722 | $32,253 | $23,817 |
Income available to common shareholders, Shares | 301,529,980 | 302,651,575 | 301,697,091 | 302,451,344 |
Income available to common shareholders, Per share amount | $0.05 | $0.04 | $0.11 | $0.08 |
Earnings_Per_Share_Schedule_of
Earnings Per Share Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | |
Stock Options | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,907,600 | 5,395,509 | 3,923,600 | 6,509,209 |
Restricted Stock Units (RSUs) | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 30,000 | 0 | 30,000 |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (U.S. Government And Agency Obligations, USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
U.S. Government And Agency Obligations | ' | ' |
Schedule of Maturities on Investment Securities [Line Items] | ' | ' |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | $2,000 | $2,000 |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | $2,031 | $2,037 |
Investment_Securities_Investme
Investment Securities (Investments Securities Available For Sale) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | $490,181 | $480,664 |
Available for Sale Securities Unrealized Gains, Gross | 2,822 | 2,827 |
Available for Sale Securities Unrealized Losses, Gross | -6,378 | -6,115 |
Available-for-sale Securities | 486,625 | 477,376 |
U.S. Government And Agency Obligations | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 2,000 | 2,000 |
Available for Sale Securities Unrealized Gains, Gross | 31 | 37 |
Available for Sale Securities Unrealized Losses, Gross | 0 | 0 |
Available-for-sale Securities | 2,031 | 2,037 |
Freddie Mac Certificates | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 604 | 894 |
Available for Sale Securities Unrealized Gains, Gross | 35 | 56 |
Available for Sale Securities Unrealized Losses, Gross | 0 | 0 |
Available-for-sale Securities | 639 | 950 |
Ginnie Mae Certificates | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 10,424 | 11,919 |
Available for Sale Securities Unrealized Gains, Gross | 288 | 423 |
Available for Sale Securities Unrealized Losses, Gross | 0 | 0 |
Available-for-sale Securities | 10,712 | 12,342 |
REMIC's | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 465,445 | 448,881 |
Available for Sale Securities Unrealized Gains, Gross | 1,708 | 1,506 |
Available for Sale Securities Unrealized Losses, Gross | -6,135 | -5,810 |
Available-for-sale Securities | 461,018 | 444,577 |
Fannie Mae Certificates | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 11,123 | 11,495 |
Available for Sale Securities Unrealized Gains, Gross | 760 | 805 |
Available for Sale Securities Unrealized Losses, Gross | -243 | -305 |
Available-for-sale Securities | 11,640 | 11,995 |
Money Market Accounts | ' | ' |
Schedule of Available For Sale Securities [Line Items] | ' | ' |
Investments securities available for sale, Amortized Cost | 585 | 5,475 |
Available for Sale Securities Unrealized Gains, Gross | 0 | 0 |
Available for Sale Securities Unrealized Losses, Gross | 0 | 0 |
Available-for-sale Securities | $585 | $5,475 |
Investment_Securities_Investme1
Investment Securities (Investment Securities Held at a Continuous Loss) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Investment Securities Continuous Loss [Line Items] | ' | ' |
Available-for-sale securities, Less Than Twelve Months, Estimated Fair Value | $215,253 | $242,580 |
Available-for-sale securities, Less Than Twelve Months, Unrealized Losses | 4,337 | 5,289 |
Available-for-sale securities, Twelve Months or Longer, Estimated Fair Value | 91,345 | 45,768 |
Available-for-sale securities, Twelve Months or Longer, Unrealized Loss | 2,041 | 826 |
Available-for-sale securities, Total Estimated Fair Value | 306,598 | 288,348 |
Available-for-sale securities, Total Unrealized Losses | 6,378 | 6,115 |
REMIC's | ' | ' |
Schedule of Investment Securities Continuous Loss [Line Items] | ' | ' |
Available-for-sale securities, Less Than Twelve Months, Estimated Fair Value | 210,446 | 237,774 |
Available-for-sale securities, Less Than Twelve Months, Unrealized Losses | 4,094 | 4,984 |
Available-for-sale securities, Twelve Months or Longer, Estimated Fair Value | 91,345 | 45,768 |
Available-for-sale securities, Twelve Months or Longer, Unrealized Loss | 2,041 | 826 |
Available-for-sale securities, Total Estimated Fair Value | 301,791 | 283,542 |
Available-for-sale securities, Total Unrealized Losses | 6,135 | 5,810 |
Fannie Mae Certificates | ' | ' |
Schedule of Investment Securities Continuous Loss [Line Items] | ' | ' |
Available-for-sale securities, Less Than Twelve Months, Estimated Fair Value | 4,807 | 4,806 |
Available-for-sale securities, Less Than Twelve Months, Unrealized Losses | 243 | 305 |
Available-for-sale securities, Twelve Months or Longer, Estimated Fair Value | 0 | 0 |
Available-for-sale securities, Twelve Months or Longer, Unrealized Loss | 0 | 0 |
Available-for-sale securities, Total Estimated Fair Value | 4,807 | 4,806 |
Available-for-sale securities, Total Unrealized Losses | $243 | $305 |
Loans_And_Allowance_For_Loan_L2
Loans And Allowance For Loan Losses (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 |
Minimum | PMIC | PMIC | PMIC | MGIC | MGIC | Performing | Performing | Performing | Performing | Unlikely to be Collected Financing Receivable | Substandard | Substandard | Special Mention | Special Mention | Nonperforming Financing Receivable | Nonperforming Financing Receivable | Nonperforming Financing Receivable | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Second Lien Subordinate To Nonperforming First | Second Lien Subordinate To Nonperforming First | Residential Real Estate Mortgage Loans | Residential Real Estate Mortgage Loans | Residential Real Estate Mortgage Loans | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Home Equity Loans And Lines Of Credit | Residential Home Today | Residential Home Today | Residential Home Today | Residential Home Today | Residential Home Today | Residential Home Today | Residential Home Today | March 2013 To March 2014 | March 2014 And After | Present Value of Cash Flows | Present Value of Cash Flows | Further Deterioration In Fair Value Of Collateral | Further Deterioration In Fair Value Of Collateral | ||||||
PMIC | PMIC | MGIC | MGIC | Minimum | Performing | Performing | Performing | Performing | Pass | Pass | Nonperforming Financing Receivable | Nonperforming Financing Receivable | Performing | Performing | Ohio | Ohio | Florida | Ohio | Ohio | Florida | Florida | California | California | New Jersey | New Jersey | Prior to March 27, 2009 | Prior to March 27, 2009 | PMIC | PMIC | Real Estate Loans | Real Estate Loans | |||||||||||||||||||||||||||||||||
Bankruptcy | Bankruptcy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage loans held for sale | $1,509 | ' | $1,509 | ' | $4,179 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Residential real estate loans held, percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72.00% | 74.00% | 18.00% | ' | ' | ' | ' | ' | 39.00% | 39.00% | 29.00% | 29.00% | 12.00% | 12.00% | 5.00% | 5.00% | 47.00% | ' | 47.00% | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Real estate loans | 10,480,974 | ' | 10,480,974 | ' | 10,227,692 | ' | 214,514 | 214,514 | 236,713 | 84,117 | 91,478 | 197,398 | 214,920 | 82,731 | 90,099 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,758,811 | ' | 1,758,811 | ' | 1,858,398 | ' | ' | ' | ' | ' | ' | ' | ' | 165,226 | ' | 165,226 | ' | 178,353 | 162,074 | 174,974 | ' | ' | ' | ' | ' | ' |
Maximum loan-to-value ratio offered by the Association | 100.00% | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Delinquency period, days past due, nonperforming | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonaccrual status prior to restructuring, minimum (in months) | ' | ' | '6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-accrual loans | 142,697 | ' | 142,697 | ' | 155,845 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,869 | 54,311 | 33,270 | 34,001 | ' | ' | ' | ' | 3,490 | 5,277 | ' | ' | ' | 30,162 | ' | 30,162 | ' | 29,943 | ' | ' | ' | ' | ' | ' | ' | ' | 31,469 | ' | 31,469 | ' | 34,813 | ' | ' | ' | ' | ' | ' | ' | ' |
Assumed number of days between scheduled payments | ' | ' | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Months past due to be considered thirty days past due | ' | ' | '1 month | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Days past due to be considered thirty days or more past due | '30 days | ' | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recovery from PMI one-time true up pmt | ' | ' | ' | ' | ' | ' | 1,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Residential loans deemed uncollectible and fully charged off | 10,353 | 15,821 | 25,480 | 30,303 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,321 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,258 | 6,670 | 8,935 | 12,978 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,388 | 3,839 | 5,321 | 7,373 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Residential Loans, Uncollectible, Charged-Off, Number of Days Past Due | ' | ' | '0 years 0 months 1500 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance on loans evaluated for impairment based on the present value of cash flows | 15,364 | ' | 15,364 | ' | 15,838 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 537 | ' | 537 | ' | 1,018 | ' | ' | ' | ' | ' | ' | ' | ' | 6,195 | ' | 6,195 | ' | 7,677 | ' | ' | ' | ' | 15,263 | 15,749 | 101 | 89 |
Percentage of reduction of claims | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of claims payments which will be paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 55.00% | 67.00% | ' | ' | ' | ' |
Loans which were covered by mortgage insurers that were deferring claim payments or were assessed as being non-investment grade, number | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled debt restructurings included in impaired loans | 244,778 | ' | 244,778 | ' | 263,041 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 189,671 | 201,692 | ' | ' | ' | ' | 104,100 | 113,520 | 26,591 | 30,550 | ' | ' | ' | ' | ' | 35,810 | ' | 35,810 | ' | 34,387 | ' | ' | ' | ' | ' | ' | ' | ' | 71,997 | ' | 71,997 | ' | 79,065 | ' | ' | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
All classes of loans scheduled for sheriff sale, number of days to sell | ' | ' | '60 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
All classes of loans borrowered filed bankruptcy, days past due | ' | ' | '30 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan modified in a troubled debt restructuring is classified as an impaired loan, number of years | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan modified in a troubled debt restructuring is no longer classified as an impaired loan, number of years | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defaulted troubled debt restructured loans modified, number of previous months | ' | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled debt restructurings removed from impaired loans, number | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income on impaired loans using a cash-basis method | 285 | 278 | 629 | 877 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Classified loans collectively evaluated for impairment | 10,195,431 | ' | 10,195,431 | ' | 9,913,562 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,642 | 17,396 | 7,891 | 9,193 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,729,526 | ' | 1,729,526 | ' | 1,831,037 | ' | ' | ' | ' | ' | ' | ' | ' | 90,698 | ' | 90,698 | ' | 96,528 | ' | ' | ' | ' | ' | ' | ' | ' |
Consumer Loans, Nonperforming | $4,076 | ' | $4,076 | ' | $4,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_And_Allowance_For_Loan_L3
Loans And Allowance For Loan Losses (Loans Held For Investment) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Real estate loans | $10,480,974 | ' | $10,227,692 | ' | ' | ' |
Other consumer loans | 4,076 | ' | 4,100 | ' | ' | ' |
Deferred loan fees-net | -7,913 | ' | -13,171 | ' | ' | ' |
LIP | -36,928 | ' | -42,018 | ' | ' | ' |
Allowance for loan losses | -83,391 | -85,282 | -92,537 | -101,217 | -105,201 | -100,464 |
Loans, net | 10,356,818 | ' | 10,084,066 | ' | ' | ' |
Residential Non-Home Today | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Real estate loans | 8,486,701 | ' | 8,118,511 | ' | ' | ' |
Allowance for loan losses | -32,642 | -33,462 | -35,427 | -34,172 | -33,091 | -31,618 |
Residential Home Today | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Real estate loans | 165,226 | ' | 178,353 | ' | ' | ' |
Allowance for loan losses | -16,919 | -20,479 | -24,112 | -27,743 | -24,383 | -22,588 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Real estate loans | 1,758,811 | ' | 1,858,398 | ' | ' | ' |
Allowance for loan losses | -33,785 | -31,227 | -32,818 | -38,968 | -47,246 | -45,508 |
Construction | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Real estate loans | 70,236 | ' | 72,430 | ' | ' | ' |
Allowance for loan losses | ($45) | ($114) | ($180) | ($334) | ($481) | ($750) |
Loans_And_Allowance_For_Loan_L4
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment Of Loan Receivables In Non-Accrual Status) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | $142,697 | $155,845 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | 80,915 | 91,048 |
Residential Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | 31,469 | 34,813 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | 30,162 | 29,943 |
Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | 151 | 41 |
Total Real Estate Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | 142,697 | 155,845 |
Other Consumer Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total non-accrual loans | $0 | $0 |
Loans_And_Allowance_For_Loan_L5
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment In Loan Receivables That Are Past Due) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | $24,217 | $31,490 |
60-89 Days Past Due | 10,094 | 15,639 |
90 Days or More Past Due | 73,871 | 86,908 |
Total Past Due | 108,182 | 134,037 |
Current | 10,332,027 | 10,042,566 |
Total | 10,440,209 | 10,176,603 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 11,773 | 15,398 |
60-89 Days Past Due | 4,428 | 4,874 |
90 Days or More Past Due | 44,391 | 56,484 |
Total Past Due | 60,592 | 76,756 |
Current | 8,414,444 | 8,024,657 |
Total | 8,475,036 | 8,101,413 |
Residential Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 6,541 | 8,597 |
60-89 Days Past Due | 2,325 | 5,989 |
90 Days or More Past Due | 16,222 | 18,341 |
Total Past Due | 25,088 | 32,927 |
Current | 137,607 | 142,666 |
Total | 162,695 | 175,593 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 5,903 | 7,495 |
60-89 Days Past Due | 3,341 | 4,776 |
90 Days or More Past Due | 13,107 | 12,042 |
Total Past Due | 22,351 | 24,313 |
Current | 1,742,985 | 1,841,111 |
Total | 1,765,336 | 1,865,424 |
Construction | ' | ' |
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 | 151 | 41 |
Total Past Due | 151 | 41 |
Current | 32,915 | 30,032 |
Total | 33,066 | 30,073 |
Total Real Estate Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
30-59 Days Past Due | 24,217 | 31,490 |
60-89 Days Past Due | 10,094 | 15,639 |
90 Days or More Past Due | 73,871 | 86,908 |
Total Past Due | 108,182 | 134,037 |
Current | 10,327,951 | 10,038,466 |
Total | 10,436,133 | 10,172,503 |
Other Consumer Loans | ' | ' |
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 | 4,076 | 4,100 |
Total | $4,076 | $4,100 |
Loans_And_Allowance_For_Loan_L6
Loans And Allowance For Loan Losses (Schedule Of Activity In The Allowance For Loan Losses) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | $85,282 | $105,201 | $92,537 | $100,464 |
Provision for loan losses | 5,000 | 10,000 | 11,000 | 28,000 |
Charge-offs | -10,353 | -15,821 | -25,480 | -30,303 |
Recoveries | 3,462 | 1,837 | 5,334 | 3,056 |
Ending Balance | 83,391 | 101,217 | 83,391 | 101,217 |
Residential Non-Home Today | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 33,462 | 33,091 | 35,427 | 31,618 |
Provision for loan losses | 1,865 | 6,084 | 6,946 | 11,861 |
Charge-offs | -3,707 | -5,264 | -11,183 | -9,899 |
Recoveries | 1,022 | 261 | 1,452 | 592 |
Ending Balance | 32,642 | 34,172 | 32,642 | 34,172 |
Residential Home Today | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 20,479 | 24,383 | 24,112 | 22,588 |
Provision for loan losses | -2,412 | 7,138 | -3,219 | 12,376 |
Charge-offs | -2,388 | -3,839 | -5,321 | -7,373 |
Recoveries | 1,240 | 61 | 1,347 | 152 |
Ending Balance | 16,919 | 27,743 | 16,919 | 27,743 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 31,227 | 47,246 | 32,818 | 45,508 |
Provision for loan losses | 5,624 | -3,073 | 7,381 | 4,186 |
Charge-offs | -4,258 | -6,670 | -8,935 | -12,978 |
Recoveries | 1,192 | 1,465 | 2,521 | 2,252 |
Ending Balance | 33,785 | 38,968 | 33,785 | 38,968 |
Construction | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 114 | 481 | 180 | 750 |
Provision for loan losses | -77 | -149 | -108 | -423 |
Charge-offs | 0 | -48 | -41 | -53 |
Recoveries | 8 | 50 | 14 | 60 |
Ending Balance | 45 | 334 | 45 | 334 |
Total Real Estate Loans | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 85,282 | 105,201 | 92,537 | 100,464 |
Provision for loan losses | 5,000 | 10,000 | 11,000 | 28,000 |
Charge-offs | -10,353 | -15,821 | -25,480 | -30,303 |
Recoveries | 3,462 | 1,837 | 5,334 | 3,056 |
Ending Balance | 83,391 | 101,217 | 83,391 | 101,217 |
Other Consumer Loans | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Beginning Balance | 0 | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 | 0 |
Charge-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Ending Balance | $0 | $0 | $0 | $0 |
Loans_And_Allowance_For_Loan_L7
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment In Loan Receivables According To The Method Of Evaluation) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | $244,778 | $263,041 |
Recorded Investment, Collectively Evaluated | 10,195,431 | 9,913,562 |
Total | 10,440,209 | 10,176,603 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 136,820 | 149,102 |
Recorded Investment, Collectively Evaluated | 8,338,216 | 7,952,311 |
Total | 8,475,036 | 8,101,413 |
Residential Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 71,997 | 79,065 |
Recorded Investment, Collectively Evaluated | 90,698 | 96,528 |
Total | 162,695 | 175,593 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 35,810 | 34,387 |
Recorded Investment, Collectively Evaluated | 1,729,526 | 1,831,037 |
Total | 1,765,336 | 1,865,424 |
Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 151 | 487 |
Recorded Investment, Collectively Evaluated | 32,915 | 29,586 |
Total | 33,066 | 30,073 |
Total Real Estate Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 244,778 | 263,041 |
Recorded Investment, Collectively Evaluated | 10,191,355 | 9,909,462 |
Total | 10,436,133 | 10,172,503 |
Other Consumer Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Recorded Investment, Individually Evaluated | 0 | 0 |
Recorded Investment, Collectively Evaluated | 4,076 | 4,100 |
Total | $4,076 | $4,100 |
Loans_And_Allowance_For_Loan_L8
Loans And Allowance For Loan Losses (Schedule Of Allowance For Loan Losses According To The Method Of Evaluation) (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | $15,364 | ' | $15,838 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 68,027 | ' | 76,699 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 83,391 | 85,282 | 92,537 | 101,217 | 105,201 | 100,464 |
Residential Non-Home Today | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 8,632 | ' | 7,138 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 24,010 | ' | 28,289 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 32,642 | 33,462 | 35,427 | 34,172 | 33,091 | 31,618 |
Residential Home Today | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 6,195 | ' | 7,677 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 10,724 | ' | 16,435 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 16,919 | 20,479 | 24,112 | 27,743 | 24,383 | 22,588 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 537 | ' | 1,018 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 33,248 | ' | 31,800 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 33,785 | 31,227 | 32,818 | 38,968 | 47,246 | 45,508 |
Construction | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 0 | ' | 5 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 45 | ' | 175 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 45 | 114 | 180 | 334 | 481 | 750 |
Total Real Estate Loans | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 15,364 | ' | 15,838 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 68,027 | ' | 76,699 | ' | ' | ' |
Loans and Leases Receivable, Allowance | 83,391 | 85,282 | 92,537 | 101,217 | 105,201 | 100,464 |
Other Consumer Loans | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually Evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Collectively Evaluated | 0 | ' | 0 | ' | ' | ' |
Loans and Leases Receivable, Allowance | $0 | $0 | $0 | $0 | $0 | $0 |
Loans_And_Allowance_For_Loan_L9
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment And The Unpaid Principal Balance Of Impaired Loans) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $140,005 | $147,119 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 208,012 | 239,976 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 104,773 | 115,922 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 106,525 | 118,227 |
Impaired Financing Receivable, Related Allowance | 15,364 | 15,838 |
Impaired Loans, Recorded Investment | 244,778 | 263,041 |
Impaired Loans, Unpaid Principal Balance | 314,537 | 358,203 |
Allowance for loan losses, Individually Evaluated | 15,364 | 15,838 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 80,384 | 86,040 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 103,894 | 114,799 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 56,436 | 63,062 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 57,466 | 64,468 |
Impaired Financing Receivable, Related Allowance | 8,632 | 7,138 |
Impaired Loans, Recorded Investment | 136,820 | 149,102 |
Impaired Loans, Unpaid Principal Balance | 161,360 | 179,267 |
Allowance for loan losses, Individually Evaluated | 8,632 | 7,138 |
Residential Home Today | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 30,545 | 33,163 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 62,280 | 66,366 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 41,452 | 45,902 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 42,125 | 46,698 |
Impaired Financing Receivable, Related Allowance | 6,195 | 7,677 |
Impaired Loans, Recorded Investment | 71,997 | 79,065 |
Impaired Loans, Unpaid Principal Balance | 104,405 | 113,064 |
Allowance for loan losses, Individually Evaluated | 6,195 | 7,677 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 28,925 | 27,494 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 41,669 | 58,267 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 6,885 | 6,893 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 6,934 | 6,996 |
Impaired Financing Receivable, Related Allowance | 537 | 1,018 |
Impaired Loans, Recorded Investment | 35,810 | 34,387 |
Impaired Loans, Unpaid Principal Balance | 48,603 | 65,263 |
Allowance for loan losses, Individually Evaluated | 537 | 1,018 |
Construction | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 151 | 422 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 169 | 544 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 65 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 65 |
Impaired Financing Receivable, Related Allowance | 0 | 5 |
Impaired Loans, Recorded Investment | 151 | 487 |
Impaired Loans, Unpaid Principal Balance | 169 | 609 |
Allowance for loan losses, Individually Evaluated | 0 | 5 |
Other Consumer Loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | 0 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
Impaired Loans, Recorded Investment | 0 | 0 |
Impaired Loans, Unpaid Principal Balance | 0 | 0 |
Allowance for loan losses, Individually Evaluated | $0 | $0 |
Recovered_Sheet1
Loans And Allowance For Loan Losses (Schedule Of Average Recorded Investment In Impaired Loans And The Amount Of Interest Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $140,605 | $156,509 | $143,563 | $155,405 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 446 | 394 | 911 | 1,047 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 108,315 | 128,003 | 110,348 | 132,456 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 1,275 | 1,503 | 2,631 | 3,065 |
Impaired Loans, Average Recorded Investment | 248,920 | 284,512 | 253,911 | 287,861 |
Impaired Loans, Interest Income Recognized | 1,721 | 1,897 | 3,542 | 4,112 |
Residential Non-Home Today | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 80,383 | 92,774 | 83,212 | 94,058 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 294 | 258 | 575 | 657 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 59,000 | 65,963 | 59,749 | 66,707 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 680 | 803 | 1,423 | 1,645 |
Impaired Loans, Average Recorded Investment | 139,383 | 158,737 | 142,961 | 160,765 |
Impaired Loans, Interest Income Recognized | 974 | 1,061 | 1,998 | 2,302 |
Residential Home Today | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 31,130 | 35,450 | 31,854 | 35,572 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 66 | 18 | 153 | 86 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 42,427 | 53,691 | 43,677 | 55,432 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 536 | 632 | 1,089 | 1,274 |
Impaired Loans, Average Recorded Investment | 73,557 | 89,141 | 75,531 | 91,004 |
Impaired Loans, Interest Income Recognized | 602 | 650 | 1,242 | 1,360 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 28,752 | 27,619 | 28,210 | 25,014 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 85 | 114 | 177 | 296 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 6,888 | 7,947 | 6,889 | 9,913 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 59 | 64 | 119 | 138 |
Impaired Loans, Average Recorded Investment | 35,640 | 35,566 | 35,099 | 34,927 |
Impaired Loans, Interest Income Recognized | 144 | 178 | 296 | 434 |
Construction | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 340 | 666 | 287 | 761 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 4 | 6 | 8 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 402 | 33 | 404 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 4 | 0 | 8 |
Impaired Loans, Average Recorded Investment | 340 | 1,068 | 320 | 1,165 |
Impaired Loans, Interest Income Recognized | 1 | 8 | 6 | 16 |
Other Consumer Loans | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 |
Impaired Loans, Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans, Interest Income Recognized | $0 | $0 | $0 | $0 |
Recovered_Sheet2
Loans And Allowance For Loan Losses (Schedule Of Recorded Investment In Troubled Debt Restructured Loans By Type Of Concession) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $189,671 | $201,692 |
Reduction In Interest Rates | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 29,267 | 32,798 |
Payment Extensions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,832 | 2,675 |
Forbearance or Other Actions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 19,654 | 22,555 |
Multiple Concessions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 38,659 | 39,783 |
Multiple Modifications | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 41,421 | 39,292 |
Bankruptcy | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 57,838 | 64,589 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 104,741 | 110,794 |
Residential Non-Home Today | Reduction In Interest Rates | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 16,099 | 17,861 |
Residential Non-Home Today | Payment Extensions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 1,588 | 1,670 |
Residential Non-Home Today | Forbearance or Other Actions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 11,362 | 12,773 |
Residential Non-Home Today | Multiple Concessions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 20,541 | 21,227 |
Residential Non-Home Today | Multiple Modifications | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 20,096 | 17,733 |
Residential Non-Home Today | Bankruptcy | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 35,055 | 39,530 |
Residential Home Today | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 63,778 | 69,969 |
Residential Home Today | Reduction In Interest Rates | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 13,090 | 14,855 |
Residential Home Today | Payment Extensions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 89 | 131 |
Residential Home Today | Forbearance or Other Actions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 7,693 | 9,107 |
Residential Home Today | Multiple Concessions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 17,209 | 18,331 |
Residential Home Today | Multiple Modifications | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 20,658 | 20,998 |
Residential Home Today | Bankruptcy | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 5,039 | 6,547 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 21,001 | 20,651 |
Home Equity Loans And Lines Of Credit | Reduction In Interest Rates | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 78 | 82 |
Home Equity Loans And Lines Of Credit | Payment Extensions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 1,004 | 596 |
Home Equity Loans And Lines Of Credit | Forbearance or Other Actions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 599 | 675 |
Home Equity Loans And Lines Of Credit | Multiple Concessions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 909 | 225 |
Home Equity Loans And Lines Of Credit | Multiple Modifications | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 667 | 561 |
Home Equity Loans And Lines Of Credit | Bankruptcy | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 17,744 | 18,512 |
Construction | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 151 | 278 |
Construction | Reduction In Interest Rates | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Construction | Payment Extensions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 151 | 278 |
Construction | Forbearance or Other Actions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Construction | Multiple Concessions | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Construction | Multiple Modifications | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 0 | 0 |
Construction | Bankruptcy | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $0 | $0 |
Recovered_Sheet3
Loans And Allowance For Loan Losses (Summary Of Troubled Debt Restructured Loans Modified By Type Of Concession) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | $7,486 | $10,662 | $15,915 | $23,244 |
Reduction In Interest Rates | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 516 | 423 | 1,084 | 1,959 |
Payment Extensions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 237 | 0 | 523 | 100 |
Forbearance or Other Actions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 225 | 0 |
Multiple Concessions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 1,139 | 1,270 | 3,084 | 2,801 |
Multiple Modifications | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 2,637 | 5,027 | 5,084 | 10,098 |
Bankruptcy | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 2,957 | 3,942 | 5,915 | 8,286 |
Residential Non-Home Today | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 3,929 | 5,851 | 9,292 | 12,589 |
Residential Non-Home Today | Reduction In Interest Rates | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 442 | 423 | 921 | 1,799 |
Residential Non-Home Today | Payment Extensions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 0 | 0 |
Residential Non-Home Today | Forbearance or Other Actions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 225 | 0 |
Residential Non-Home Today | Multiple Concessions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 586 | 1,107 | 2,112 | 2,292 |
Residential Non-Home Today | Multiple Modifications | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 1,360 | 1,810 | 2,637 | 3,299 |
Residential Non-Home Today | Bankruptcy | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 1,541 | 2,511 | 3,397 | 5,199 |
Residential Home Today | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 1,510 | 3,824 | 3,156 | 8,525 |
Residential Home Today | Reduction In Interest Rates | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 74 | 0 | 163 | 147 |
Residential Home Today | Payment Extensions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 0 | 0 |
Residential Home Today | Forbearance or Other Actions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 0 | 0 |
Residential Home Today | Multiple Concessions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 2 | 144 | 227 | 490 |
Residential Home Today | Multiple Modifications | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 1,207 | 3,209 | 2,321 | 6,791 |
Residential Home Today | Bankruptcy | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 227 | 471 | 445 | 1,097 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 2,047 | 987 | 3,467 | 2,130 |
Home Equity Loans And Lines Of Credit | Reduction In Interest Rates | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 0 | 13 |
Home Equity Loans And Lines Of Credit | Payment Extensions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 237 | 0 | 523 | 100 |
Home Equity Loans And Lines Of Credit | Forbearance or Other Actions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 0 | 0 | 0 | 0 |
Home Equity Loans And Lines Of Credit | Multiple Concessions | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 551 | 19 | 745 | 19 |
Home Equity Loans And Lines Of Credit | Multiple Modifications | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | 70 | 8 | 126 | 8 |
Home Equity Loans And Lines Of Credit | Bankruptcy | ' | ' | ' | ' |
Summary Of Troubled Debt Restructured Loans [Line Items] | ' | ' | ' | ' |
Financing Receivables, Troubled Debt Restructured Loans Modified In The Period | $1,189 | $960 | $2,073 | $1,990 |
Recovered_Sheet4
Loans And Allowance For Loan Losses (Schedule Of Troubled Debt Restructured Loans Modified Within The Last 12 Months Which Defaulted) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
contracts | contracts | contracts | contracts | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 103 | 142 | 124 | 157 |
Recorded Investment | $6,344 | $10,148 | $7,103 | $10,635 |
Residential Non-Home Today | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 32 | 62 | 37 | 66 |
Recorded Investment | 3,359 | 6,702 | 3,773 | 7,124 |
Residential Home Today | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 31 | 53 | 38 | 54 |
Recorded Investment | 1,516 | 2,491 | 1,776 | 2,499 |
Home Equity Loans And Lines Of Credit | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 40 | 26 | 49 | 36 |
Recorded Investment | 1,469 | 937 | 1,554 | 994 |
Construction | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Investment | $0 | $18 | $0 | $18 |
Recovered_Sheet5
Loans And Allowance For Loan Losses (Schedule Of Credit Quality Of Residential Loan Receivables By An Internally Assigned Grade) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | $10,440,209 | $10,176,603 |
Residential Non-Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 8,475,036 | 8,101,413 |
Residential Non-Home Today | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 8,388,206 | 8,004,890 |
Residential Non-Home Today | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Residential Non-Home Today | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 86,830 | 96,523 |
Residential Non-Home Today | Unlikely to be Collected Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Residential Home Today | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 162,695 | 175,593 |
Residential Home Today | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 129,853 | 139,481 |
Residential Home Today | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Residential Home Today | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 32,842 | 36,112 |
Residential Home Today | Unlikely to be Collected Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Home Equity Loans And Lines Of Credit | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 1,765,336 | 1,865,424 |
Home Equity Loans And Lines Of Credit | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 1,722,948 | 1,822,371 |
Home Equity Loans And Lines Of Credit | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 7,891 | 9,223 |
Home Equity Loans And Lines Of Credit | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 34,497 | 33,830 |
Home Equity Loans And Lines Of Credit | Unlikely to be Collected Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 33,066 | 30,073 |
Construction | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 32,915 | 29,651 |
Construction | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Construction | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 151 | 422 |
Construction | Unlikely to be Collected Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 0 | 0 |
Total Real Estate Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 10,436,133 | 10,172,503 |
Total Real Estate Loans | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 10,273,922 | 9,996,393 |
Total Real Estate Loans | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 7,891 | 9,223 |
Total Real Estate Loans | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | 154,320 | 166,887 |
Total Real Estate Loans | Unlikely to be Collected Financing Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Real Estate Loans | $0 | $0 |
Deposits_Summary_Of_Deposit_Ac
Deposits (Summary Of Deposit Account Balances) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Negotiable order of withdrawal accounts | $1,051,104 | $1,027,316 |
Savings accounts | 1,791,041 | 1,808,953 |
Certificates of deposit | 5,572,683 | 5,627,849 |
Deposits | 8,414,828 | 8,464,118 |
Accrued interest | 662 | 381 |
Total deposits | $8,415,490 | $8,464,499 |
Deposits_Deposits_Narrative_De
Deposits Deposits (Narrative) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Banking and Thrift [Abstract] | ' | ' |
Brokered certificates of deposit | $217,000 | $13,000 |
Other_Comprehensive_Income_Los2
Other Comprehensive Income (Loss) (Accumulated Other Comprehensive Income (Loss) by Component) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance at beginning of period | ($10,503) | ($6,536) | ($8,604) | ($5,916) |
Other comprehensive loss before reclassifications, net of tax | 1,773 | -214 | -174 | -924 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | 48 | 90 | 96 | 180 |
Other comprehensive (loss) income | 1,821 | -124 | -78 | -744 |
Balance at end of period | -8,682 | -6,660 | -8,682 | -6,660 |
Unrealized gain (losses) on securities available for sale | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance at beginning of period | -4,084 | 1,899 | -2,137 | 2,609 |
Other comprehensive loss before reclassifications, net of tax | 1,773 | -214 | -174 | -924 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | 0 | 0 | 0 | 0 |
Other comprehensive (loss) income | 1,773 | -214 | -174 | -924 |
Balance at end of period | -2,311 | 1,685 | -2,311 | 1,685 |
Defined Benefit Plan | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Balance at beginning of period | -6,419 | -8,435 | -6,467 | -8,525 |
Other comprehensive loss before reclassifications, net of tax | 0 | 0 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax | 48 | 90 | 96 | 180 |
Other comprehensive (loss) income | 48 | 90 | 96 | 180 |
Balance at end of period | ($6,371) | ($8,345) | ($6,371) | ($8,345) |
Other_Comprehensive_Income_Los3
Other Comprehensive Income (Loss) (Parenthetical) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Accumulated Other Comprehensive Income (Loss) (Parenthetical) [Table] [Line Items] | ' | ' | ' | ' |
Income tax expense (benefit) | $8,252 | $6,017 | $16,242 | $10,993 |
Unrealized gain (losses) on securities available for sale | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) (Parenthetical) [Table] [Line Items] | ' | ' | ' | ' |
Income tax expense (benefit) | 955 | -115 | -94 | -498 |
Defined Benefit Plan | Reclassification out of Accumulated Other Comprehensive Income | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) (Parenthetical) [Table] [Line Items] | ' | ' | ' | ' |
Income tax expense (benefit) | ($26) | ($49) | ($52) | ($98) |
Other_Comprehensive_Income_Los4
Other Comprehensive Income (Loss) (Reclassification Out of Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | ||||
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Income tax expense (benefit) | $8,252 | $6,017 | $16,242 | $10,993 | ||||
Net of income tax benefit | -16,385 | -12,790 | -32,409 | -23,943 | ||||
Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Plan | ' | ' | ' | ' | ||||
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ||||
Actuarial loss | 74 | [1] | 139 | [1] | 148 | [1] | 278 | [1] |
Income tax expense (benefit) | -26 | -49 | -52 | -98 | ||||
Net of income tax benefit | $48 | $90 | $96 | $180 | ||||
[1] | These items are included in the computation of net period pension cost. See Note 8. Defined Benefit Plan for additional disclosure. |
Defined_Benefit_Plan_Narrative
Defined Benefit Plan (Narrative) (Details) (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Compensation and Retirement Disclosure [Abstract] | ' |
Minimum employer contributions paid, current fiscal year | $0 |
Minimum employer contributions expected, remainder of the fiscal year | $0 |
Defined_Benefit_Plan_Component
Defined Benefit Plan (Components Of Net Periodic Benefit Cost Recognized) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Interest cost | $801 | $735 | $1,602 | $1,469 |
Expected return on plan assets | -1,056 | -1,029 | -2,111 | -2,058 |
Amortization of net loss | 74 | 139 | 148 | 278 |
Estimated net loss due to settlement | 181 | 0 | 361 | 0 |
Net periodic income | $0 | ($155) | $0 | ($311) |
Equity_Incentive_Plan_Details
Equity Incentive Plan (Details) (USD $) | 1 Months Ended | 6 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of options to purchase common stock granted | 419,300 | ' | ' |
Stock-based compensation expense | ' | $3,591 | $3,259 |
Shares subject to options (in shares) | ' | 6,874,825 | ' |
Weighted average exercise price per share | ' | $11.14 | ' |
Weighted average grant date fair value (in dollars per share) | ' | $2.95 | ' |
Non-vested options outstanding | ' | 2,966,050 | ' |
Expected future expense related to non-vested options outstanding | ' | 4,103 | ' |
Restricted Stock Units (RSUs) | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares approved restricted stock units | 98,900 | ' | ' |
Stock-based compensation expense | ' | 1,965 | 1,627 |
Restricted stock units, non-vested | ' | 1,104,225 | ' |
Restricted stock units, non-vested, weighted average grant date fair value (in dollars per share) | ' | $10.61 | ' |
Restricted stock units outstanding | ' | 1,440,284 | ' |
Expected future compensation expense related to restricted stock units outstanding | ' | 4,889 | ' |
Restricted stock units outstanding, weighted average period (in years) | ' | '1 year 8 months 12 days | ' |
Employee Stock Option | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Stock-based compensation expense | ' | $1,626 | $1,632 |
Expected future expense related to non-vested options outstanding, weighted average years | ' | '1 year 6 months 0 days | ' |
Commitments_And_Contingent_Lia2
Commitments And Contingent Liabilities (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Jan. 08, 2014 |
Loss Contingencies [Line Items] | ' | ' | ' | ' |
Home equity lines of credit (including commitments for suspended accounts) | $1,310,633 | ' | $1,310,633 | ' |
Payment to a mortgage insurance company as a result of a January 8, 2014 Commutation and Release Agreement | ' | ' | ' | 1,000 |
Initial loss layer percentage | ' | ' | 5.00% | ' |
Commitments to securitize and sell mortgage loans | 1,140 | 3,295 | ' | ' |
Minimum | ' | ' | ' | ' |
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 | ' |
Absorption percentage of loss layer points by company | ' | ' | 5.00% | ' |
Maximum | ' | ' | ' | ' |
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 | ' |
Maximum reduction in loss remaining under contract resulting from a January 8, 2014 Commutation and Release Agreement | ' | ' | ' | 6,385 |
Absorption percentage of loss layer points by company | ' | ' | 12.00% | ' |
Reinsurance | ' | ' | ' | ' |
Loss Contingencies [Line Items] | ' | ' | ' | ' |
Maximum losses under reinsurance contracts | 308 | ' | 308 | ' |
Paid losses under reinsurance contracts | 7,314 | ' | 7,314 | ' |
Estimated liability for mortgage reinsurance losses | $181 | ' | $181 | ' |
Commitments_And_Contingent_Lia3
Commitments And Contingent Liabilities (Commitments To Originate Loans) (Details) (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Fixed-rate mortgage loans | $295,284 |
Adjustable-rate mortgage loans | 225,430 |
Home equity loans and lines of credit | 19,828 |
Total | $540,542 |
Commitments_And_Contingent_Lia4
Commitments And Contingent Liabilities (Unfunded Loan Commitments Outstanding) (Details) (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Commitments and Contingencies Disclosure [Abstract] | ' |
Home equity lines of credit (excluding commitments for suspended accounts) | $1,102,647 |
Construction loans | 36,928 |
Private equity investments | 12,941 |
Total | $1,152,516 |
Commitments_And_Contingent_Lia5
Commitments And Contingent Liabilities (Summary Of Activity In The Liability For Unpaid Losses and Loss Adjustment Expenses) (Details) (Reinsurance, USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Reinsurance | ' | ' | ' | ' |
Liability for Unpaid Claims and Claims Adjustment Expense [Line Items] | ' | ' | ' | ' |
Balance, beginning of period | $1,292 | $2,621 | $2,158 | $3,351 |
Incurred increase (decrease) | -88 | 201 | -201 | -50 |
Paid claims | -1,023 | -420 | -1,776 | -899 |
Balance, end of period | $181 | $2,402 | $181 | $2,402 |
Fair_Value_Narrative_Details
Fair Value (Narrative) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Estimated Fair Value | Estimated Fair Value | Money Market Accounts | Money Market Accounts | Money Market Accounts | Money Market Accounts | Money Market Accounts | Money Market Accounts | Money Market Accounts | Money Market Accounts | Market Approach Valuation Technique | Market Approach Valuation Technique | Market Approach Valuation Technique | Market Approach Valuation Technique | Carried At Cost | Carried At Cost | Estimated Cost to Sell | Estimated Cost to Sell | Original Or Adjusted Cost Basis Less Than Fair Value | Original Or Adjusted Cost Basis Less Than Fair Value | Real Estate Loans | Real Estate Loans | Real Estate Loans | Real Estate Loans | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | Loans Held-for-Sale | ||
Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Estimated Fair Value | Estimated Fair Value | US Treasury and Government | US Treasury and Government | Money Market Accounts | Money Market Accounts | Portion at Other than Fair Value | Portion at Other than Fair Value | Portion at Fair Value | Portion at Fair Value | Portion at Other than Fair Value | Portion at Other than Fair Value | Present Value of Cash Flows | Present Value of Cash Flows | Present Value of Cash Flows | Present Value of Cash Flows | Net Gain On Sale Of Loans | Net Gain On Sale Of Loans | Net Gain On Sale Of Loans | Net Gain On Sale Of Loans | Secondary Market Pricing | Secondary Market Pricing | |||||||||||||
Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Performing | Performing | Portion at Fair Value | Portion at Fair Value | |||||||||||||||||||||||||||||||
Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Fair Value, Measurements, Recurring | Portion at Other than Fair Value | Portion at Other than Fair Value | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | |||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans held for sale for which the fair value option was elected | $1,164 | $3,369 | $1,164 | $3,369 | ' | ' | $1,164 | $3,369 | ' | ' | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,164 | $3,369 | ' | ' | ' | ' | ' | ' |
Unpaid principal balance of loans held for sale for which fair value option was elected | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,140 | 3,295 | ' | ' | ' | ' | ' | ' |
Change in fair value of loans for which the fair value option was elected | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37 | 0 | -53 | -210 | ' | ' |
Available-for-sale Securities | 486,625 | 477,376 | ' | ' | 486,040 | 471,901 | ' | ' | 585 | 5,475 | ' | ' | ' | ' | 585 | 5,475 | 0 | 0 | 585 | 5,475 | 585 | 5,475 | 486,040 | 471,901 | 585 | 5,475 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage loans held for sale | 1,509 | 4,179 | ' | ' | 1,518 | 4,222 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 345 | 810 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,164 | 3,369 |
Performing troubled debt restructurings individually evaluated for impairment | 244,778 | 263,041 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104,916 | 116,011 | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance on loans evaluated for impairment based on the present value of cash flows | 15,364 | 15,838 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,263 | 15,749 | 15,263 | 15,749 | ' | ' | ' | ' | ' | ' | ' | ' |
Real estate owned | 19,912 | 22,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,737 | -1,986 | 3,413 | 5,008 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities carried at fair value on a recurring basis | ' | ' | ' | ' | ' | ' | ' | $6 | ' | ' | ' | $0 | $0 | $6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_Fair_Value_Of_Asset
Fair Value (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Available-for-sale Securities | $486,625 | $477,376 |
Mortgage loans held for sale | 1,164 | 3,369 |
Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 585 | 5,475 |
Derivative Assets | 0 | 0 |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 0 |
Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 486,040 | 471,901 |
Derivative Assets | 3 | 0 |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 6 |
Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Derivative Assets | 68 | 158 |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 0 |
Fair Value, Measurements, Recurring | ' | ' |
Assets: | ' | ' |
Mortgage loans held for sale | 1,164 | 3,369 |
Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Total assets | 487,860 | 480,903 |
Liabilities: | ' | ' |
Total liabilities | 0 | 6 |
Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Mortgage loans held for sale | 0 | 0 |
Total assets | 585 | 5,475 |
Liabilities: | ' | ' |
Total liabilities | ' | 0 |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Mortgage loans held for sale | 1,164 | 3,369 |
Total assets | 487,207 | 475,270 |
Liabilities: | ' | ' |
Total liabilities | ' | 6 |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Mortgage loans held for sale | 0 | 0 |
Total assets | 68 | 158 |
Liabilities: | ' | ' |
Total liabilities | ' | 0 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Derivative Assets | 68 | 158 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | 0 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | 0 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 68 | 158 |
Fair Value, Measurements, Recurring | Forward Commitments For The Sale Of Mortgage Loans | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Derivative Assets | 3 | ' |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 6 |
Fair Value, Measurements, Recurring | Forward Commitments For The Sale Of Mortgage Loans | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | ' |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 0 |
Fair Value, Measurements, Recurring | Forward Commitments For The Sale Of Mortgage Loans | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 3 | ' |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 6 |
Fair Value, Measurements, Recurring | Forward Commitments For The Sale Of Mortgage Loans | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Derivative Assets | 0 | ' |
Liabilities: | ' | ' |
Forward commitments for the sale of mortgage loans | ' | 0 |
U.S. Government And Agency Obligations | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 2,031 | 2,037 |
U.S. Government And Agency Obligations | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 2,031 | 2,037 |
U.S. Government And Agency Obligations | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
U.S. Government And Agency Obligations | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 2,031 | 2,037 |
U.S. Government And Agency Obligations | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Freddie Mac Certificates | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 639 | 950 |
Freddie Mac Certificates | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 639 | 950 |
Freddie Mac Certificates | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Freddie Mac Certificates | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 639 | 950 |
Freddie Mac Certificates | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Ginnie Mae Certificates | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 10,712 | 12,342 |
Ginnie Mae Certificates | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 10,712 | 12,342 |
Ginnie Mae Certificates | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Ginnie Mae Certificates | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 10,712 | 12,342 |
Ginnie Mae Certificates | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
REMIC's | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 461,018 | 444,577 |
REMIC's | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 461,018 | 444,577 |
REMIC's | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
REMIC's | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 461,018 | 444,577 |
REMIC's | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Fannie Mae Certificates | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 11,640 | 11,995 |
Fannie Mae Certificates | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 11,640 | 11,995 |
Fannie Mae Certificates | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Fannie Mae Certificates | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 11,640 | 11,995 |
Fannie Mae Certificates | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Money Market Accounts | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 585 | 5,475 |
Money Market Accounts | Fair Value, Measurements, Recurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 585 | 5,475 |
Money Market Accounts | Fair Value, Measurements, Recurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 585 | 5,475 |
Money Market Accounts | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Money Market Accounts | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Available-for-sale Securities | $0 | $0 |
Fair_Value_Fair_Value_Assets_A
Fair Value (Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation) (Details) (Fair Value, Measurements, Recurring, Fair Value, Inputs, Level 3, Interest Rate Lock Commitments, USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Sep. 30, 2013 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' |
Beginning balance | $52 | $342 | $158 | $404 |
Gain (loss) during the period due to changes in fair value: | ' | ' | ' | ' |
Ending balance | 68 | 482 | 68 | 158 |
Change in unrealized gains for the period included in earnings for assets held at the end of the reporting date | 68 | 482 | 68 | 482 |
Other Income | ' | ' | ' | ' |
Gain (loss) during the period due to changes in fair value: | ' | ' | ' | ' |
Included in other non-interest income | $16 | $140 | ($90) | $78 |
Fair_Value_Assets_Measured_At_
Fair Value (Assets Measured At Fair Value On A Nonrecurring Basis) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | $19,912 | $22,666 |
Fair Value, Measurements, Nonrecurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 157,997 | 166,585 |
Fair Value, Measurements, Nonrecurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 0 | 0 |
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 0 | 0 |
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 157,997 | 166,585 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 139,761 | 146,941 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Fair Value, Measurements, Nonrecurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 139,761 | 146,941 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Fair Value, Measurements, Nonrecurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 0 | 0 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 0 | 0 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans, net of allowance | 139,761 | 146,941 |
Portion at Fair Value | Original Or Adjusted Cost Basis Greater Than Fair Value | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | 18,236 | ' |
Portion at Fair Value | Original Or Adjusted Cost Basis Greater Than Fair Value | Fair Value, Measurements, Nonrecurring | Estimate of Fair Value, Fair Value Disclosure | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | 18,236 | 19,644 |
Portion at Fair Value | Original Or Adjusted Cost Basis Greater Than Fair Value | Fair Value, Measurements, Nonrecurring | Quoted Prices In Active Markets For Identical Assets (Level 1) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | 0 | 0 |
Portion at Fair Value | Original Or Adjusted Cost Basis Greater Than Fair Value | Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | 0 | 0 |
Portion at Fair Value | Original Or Adjusted Cost Basis Greater Than Fair Value | Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Real estate owned(1) | ' | $19,644 |
Fair_Value_Quantitative_Inform
Fair Value (Quantitative Information About Significant Unobservable Inputs Categorized Within Level 3 Of The Fair Value Hierarchy) (Details) (Fair Value, Inputs, Level 3, USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Sep. 30, 2013 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Assets, fair value | 139,761 | 146,941 |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Minimum | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Discount appraised value to estimated net proceeds based on historical experience | 0.00% | 0.00% |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Maximum | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Discount appraised value to estimated net proceeds based on historical experience | 24.00% | 24.00% |
Present Value of Cash Flows | Impaired Loans, Net of Allowance | Weighted Average | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Discount appraised value to estimated net proceeds based on historical experience | 8.50% | 9.30% |
Secondary Market Pricing | Interest Rate Lock Commitments | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Assets, fair value | 68 | 158 |
Secondary Market Pricing | Interest Rate Lock Commitments | Minimum | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Closure Rate | 0.00% | 0.00% |
Secondary Market Pricing | Interest Rate Lock Commitments | Maximum | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Closure Rate | 100.00% | 100.00% |
Secondary Market Pricing | Interest Rate Lock Commitments | Weighted Average | ' | ' |
Quantitative Information About Significant Unobservable Inputs [Line items] | ' | ' |
Closure Rate | 70.60% | 53.20% |
Fair_Value_Estimated_Fair_Valu
Fair Value (Estimated Fair Value Of Financial Instruments) (Details) (USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Cash and due from banks | $35,366 | $34,694 |
Other interest earning cash equivalents | 232,436 | 251,302 |
Investment securities: | ' | ' |
Available-for-sale Securities | 486,625 | 477,376 |
Mortgage loans held for sale | 1,509 | 4,179 |
Loans, net: | ' | ' |
Mortgage loans held for investment | 10,444,046 | 10,185,674 |
Other consumer loans | 4,076 | 4,100 |
Accrued interest receivable | 31,382 | 31,489 |
Liabilities: | ' | ' |
Certificates of deposit | 5,572,683 | 5,627,849 |
Borrowers' advances for taxes and insurance | 65,229 | 71,388 |
Principal, interest and escrow owed on loans serviced | 53,412 | 75,745 |
Fair Value, Inputs, Level 1 | ' | ' |
Assets: | ' | ' |
Cash and due from banks | 35,366 | 34,694 |
Other interest earning cash equivalents | 232,436 | 251,302 |
Investment securities: | ' | ' |
Available-for-sale Securities | 585 | 5,475 |
Mortgage loans held for sale | 0 | 0 |
Loans, net: | ' | ' |
Mortgage loans held for investment | 0 | 0 |
Other consumer loans | 0 | 0 |
Private equity investments | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Derivative Assets | 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 |
Derivative liability | ' | 0 |
Fair Value, Inputs, Level 2 | ' | ' |
Assets: | ' | ' |
Cash and due from banks | 0 | 0 |
Other interest earning cash equivalents | 0 | 0 |
Investment securities: | ' | ' |
Available-for-sale Securities | 486,040 | 471,901 |
Mortgage loans held for sale | 1,518 | 4,222 |
Loans, net: | ' | ' |
Mortgage loans held for investment | 0 | 0 |
Other consumer loans | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Private equity investments | 0 | 0 |
Accrued interest receivable | 31,382 | 31,489 |
Derivative Assets | 3 | 0 |
Liabilities: | ' | ' |
NOW and passbook accounts | 2,842,145 | 2,836,269 |
Certificates of deposit | 5,438,842 | 5,510,241 |
Borrowed funds | 1,070,502 | 745,294 |
Borrowers' advances for taxes and insurance | 65,229 | 71,388 |
Principal, interest and escrow owed on loans serviced | 53,412 | 75,745 |
Derivative liability | ' | 6 |
Fair Value, Inputs, Level 3 | ' | ' |
Assets: | ' | ' |
Cash and due from banks | 0 | 0 |
Other interest earning cash equivalents | 0 | 0 |
Investment securities: | ' | ' |
Available-for-sale Securities | 0 | 0 |
Mortgage loans held for sale | ' | ' |
Loans, net: | ' | ' |
Mortgage loans held for investment | 10,526,410 | 10,344,246 |
Other consumer loans | 4,274 | 4,353 |
Federal Home Loan Bank stock | 0 | 0 |
Private equity investments | 452 | 654 |
Accrued interest receivable | 0 | 0 |
Derivative Assets | 68 | 158 |
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 |
Derivative liability | ' | 0 |
Carrying Amount | ' | ' |
Assets: | ' | ' |
Cash and due from banks | 35,366 | 34,694 |
Other interest earning cash equivalents | 232,436 | 251,302 |
Investment securities: | ' | ' |
Available-for-sale Securities | 486,625 | 477,376 |
Mortgage loans held for sale | 1,509 | 4,179 |
Loans, net: | ' | ' |
Mortgage loans held for investment | 10,352,742 | 10,079,966 |
Other consumer loans | 4,076 | 4,100 |
Federal Home Loan Bank stock | 40,405 | 35,620 |
Private equity investments | 452 | 654 |
Accrued interest receivable | 31,382 | 31,489 |
Derivative Assets | 71 | 158 |
Liabilities: | ' | ' |
NOW and passbook accounts | 2,842,145 | 2,836,269 |
Certificates of deposit | 5,573,345 | 5,628,230 |
Borrowed funds | 1,070,132 | 745,117 |
Borrowers' advances for taxes and insurance | 65,229 | 71,388 |
Principal, interest and escrow owed on loans serviced | 53,412 | 75,745 |
Derivative liability | ' | 6 |
Estimated Fair Value | ' | ' |
Assets: | ' | ' |
Cash and due from banks | 35,366 | 34,694 |
Other interest earning cash equivalents | 232,436 | 251,302 |
Investment securities: | ' | ' |
Available-for-sale Securities | 486,625 | 477,376 |
Mortgage loans held for sale | 1,518 | 4,222 |
Loans, net: | ' | ' |
Mortgage loans held for investment | 10,526,410 | 10,344,246 |
Other consumer loans | 4,274 | 4,353 |
Federal Home Loan Bank stock | 40,405 | 35,620 |
Private equity investments | 452 | 654 |
Accrued interest receivable | 31,382 | 31,489 |
Derivative Assets | 71 | 158 |
Liabilities: | ' | ' |
NOW and passbook accounts | 2,842,145 | 2,836,269 |
Certificates of deposit | 5,438,842 | 5,510,241 |
Borrowed funds | 1,070,502 | 745,294 |
Borrowers' advances for taxes and insurance | 65,229 | 71,388 |
Principal, interest and escrow owed on loans serviced | 53,412 | 75,745 |
Derivative liability | ' | $6 |
Derivative_Instruments_Narrati
Derivative Instruments (Narrative) (Details) (Designated as Hedging Instrument, USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
Designated as Hedging Instrument | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative, Fair Value, Net | $0 | $0 |
Derivative_Instruments_Schedul
Derivative Instruments (Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value) (Details) (Not Designated as Hedging Instrument, USD $) | Mar. 31, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Other Assets | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets | $71 | $158 |
Interest Rate Lock Commitments | Other Assets | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets | 68 | 158 |
Forward Commitments For The Sale Of Mortgage Loans | Other Assets | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative Assets | 3 | 0 |
Forward Commitments For The Sale Of Mortgage Loans | Other Liabilities | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative liability | $0 | $6 |
Derivative_Instruments_Schedul1
Derivative Instruments (Schedule Of Effect Of Derivative Instruments, Gain (Loss) In Statement Of Financial Performance) (Details) (Not Designated as Hedging Instrument, USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' |
Derivative instruments, gain (loss) recognized in Income | $19 | $140 | ($81) | $321 |
Interest Rate Lock Commitments | Other Income | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' |
Derivative instruments, gain (loss) recognized in Income | 16 | 140 | -90 | 78 |
Forward Commitments For The Sale Of Mortgage Loans | Net Gain On Sale Of Loans | ' | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' |
Derivative instruments, gain (loss) recognized in Income | $3 | $0 | $9 | $243 |