| Loans And Allowance For Loan Losses | LOANS AND ALLOWANCE FOR CREDIT LOSSES LOAN PORTFOLIOS Loans held for investment consist of the following: December 31, September 30, Real estate loans: Residential Core $ 11,949,511 $ 12,078,158 Residential Home Today 44,903 46,508 Home equity loans and lines of credit 3,197,747 3,030,526 Construction 40,717 48,406 Real estate loans 15,232,878 15,203,598 Other loans 4,811 4,411 Add (deduct): Deferred loan expenses, net 60,862 60,807 Loans in process (22,225) (25,754) Allowance for credit losses on loans (69,084) (77,315) Loans held for investment, net $ 15,207,242 $ 15,165,747 Loans held for investment are carried at amortized cost, which includes outstanding principal balance adjusted for any unamortized premiums or discounts, net of deferred fees and expenses and any applicable loans-in-process. Accrued interest is $53,878 and $51,989 as of December 31, 2023 and September 30, 2023, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION. A large concentration of the Company’s lending is in Ohio and Florida. As of December 31, 2023 and September 30, 2023, the percentage of aggregate Residential Core, Home Today and Construction loans secured by properties in Ohio was 58% and 57%, respectively, and the percentage of loans secured by properties in Florida was 18% as of both dates. As of December 31, 2023 and September 30, 2023, home equity loans and lines of credit were concentrated in Ohio (25% and 26%, respectively), Florida (23% and 22%, respectively), and California (17% as of both dates). Residential Core 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 experienced severe performance problems at other financial institutions (sub-prime, no documentation or pay-option adjustable-rate mortgages). The portfolio contains "Smart Rate" adjustable-rate mortgage loans whereby the interest rate is locked initially for three or five years then resets annually, subject to periodic rate adjustments caps and various re-lock options available to the borrower. Although the borrower is qualified for its loan at a higher rate than the initial rate offered, the adjustable-rate feature may impact a borrower's ability to afford the higher payments upon rate reset during periods of rising interest rates while this repayment risk may be reduced in a declining or low rate environment. With limited historical loss experience compared to other types of loans in the portfolio, judgment is required by management in assessing the allowance required on adjustable-rate mortgage loans. The principal amount of adjustable-rate mortgage loans included in the Residential Core portfolio was $4,706,373 and $4,760,843 at December 31, 2023 and September 30, 2023, respectively. Home Today was an affordable housing program targeted to benefit low- and moderate-income home buyers. Most loans under the program were originated prior to 2009. No new loans were originated under the Home Today program after 2016. Home Today loans have greater credit risk than traditional residential real estate mortgage loans. Home equity loans and lines of credit, which are comprised primarily of home equity lines of credit, represent a significant portion of the residential real estate portfolio and include monthly principal and interest payments throughout the entire term. Once the draw period on lines of credit has expired, the accounts are included in the home equity loan balance. The full credit exposure on home equity lines of credit is secured by the value of the collateral real estate at the time of origination. The Company originates construction loans to individuals for the construction of their personal single-family residence by a qualified builder (construction/permanent loans). The Company’s construction/permanent loans generally provide for disbursements to the builder or sub-contractors during the construction phase as work progresses. During the construction phase, the borrower only pays interest on the drawn balance. Upon completion of construction, the loan converts to a permanent amortizing loan without the expense of a second closing. The Company offers construction/permanent loans with fixed or adjustable-rates, and a current maximum loan-to-completed-appraised value ratio of 85%. Other loans are comprised of loans secured by certificate of deposit accounts, which are fully recoverable in the event of non-payment, and forgivable down payment assistance loans, which are unsecured loans used as down payment assistance to borrowers qualified through partner housing agencies. The Company records a liability for the down payment assistance loans which are forgiven in equal increments over a pre-determined term, subject to residency requirements. Loans held for sale include loans originated with the intent to sell which are generally priced in alignment with secondary market pricing and may be subject to loan level pricing adjustments. Additionally, loans originated or purchased for the held for investment portfolio may later be identified for sale and transferred to the held for sale portfolio, which may include loans originated or purchased within the parameters of programs established by Fannie Mae. During the three months ended December 31, 2023 and December 31, 2022, reclassifications to the held for sale portfolio included loans that were sold during the period, including those in contracts pending settlement at the end of the period, and loans originated for the held for investment portfolio that were later identified for sale. At December 31, 2023 and September 30, 2023, mortgage loans held for sale totaled $1,095 and $3,260, respectively. During the three months ended December 31, 2023, the principal balance of loans sold was $87,843 compared to $19,182 during the three months ended December 31, 2022. During the three months ended December 31, 2023 and December 31, 2022, there were no transfers to the held for investment portfolio. DELINQUENCY and NON-ACCRUAL An aging analysis of the amortized cost in loan receivables that are past due at December 31, 2023 and September 30, 2023 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, regardless of the number of days in each month. 30-59 60-89 90 Days or Total Past Current Total December 31, 2023 Real estate loans: Residential Core $ 3,299 $ 1,744 $ 10,251 $ 15,294 $ 11,958,511 $ 11,973,805 Residential Home Today 953 401 648 2,002 42,420 44,422 Home equity loans and lines of credit 3,371 1,218 3,977 8,566 3,226,502 3,235,068 Construction — — — — 18,220 18,220 Total real estate loans 7,623 3,363 14,876 25,862 15,245,653 15,271,515 Other loans — — — — 4,811 4,811 Total $ 7,623 $ 3,363 $ 14,876 $ 25,862 $ 15,250,464 $ 15,276,326 30-59 60-89 90 Days or Total Past Current Total September 30, 2023 Real estate loans: Residential Core $ 3,680 $ 1,763 $ 8,268 $ 13,711 $ 12,089,228 $ 12,102,939 Residential Home Today 666 323 855 1,844 44,186 46,030 Home equity loans and lines of credit 3,271 690 3,876 7,837 3,059,444 3,067,281 Construction — — — — 22,401 22,401 Total real estate loans 7,617 2,776 12,999 23,392 15,215,259 15,238,651 Other loans — — — — 4,411 4,411 Total $ 7,617 $ 2,776 $ 12,999 $ 23,392 $ 15,219,670 $ 15,243,062 Loans are placed in non-accrual status when they are contractually 90 days or more past due. 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. Loans with a partial charge-off are placed in non-accrual and will remain in non-accrual status until, at a minimum, the loss is recovered. Loans modified that were in non-accrual status prior to modification and loans with forbearance plans that were subsequently modified, are reported in non-accrual status for a minimum of six months after modification. Loans modified with a high debt-to-income ratio at the time of modification are placed in non-accrual status for a minimum of 12 months. Additionally, home equity loans and lines of credit where the customer has a severely delinquent first mortgage loan and loans in Chapter 7 bankruptcy status where all borrowers have filed, and not reaffirmed or been dismissed, are placed in non-accrual status. The amortized cost of loan receivables in non-accrual status is summarized in the following table. Non-accrual with no ACL describes non-accrual loans which have no quantitative allowance, primarily because they have already been collaterally reviewed and any required charge-offs have been taken, but may be included in consideration of qualitative allowance factors. Balances are adjusted for deferred loan fees and expenses. There are no loans 90 or more days past due and still accruing at December 31, 2023 or September 30, 2023. December 31, 2023 September 30, 2023 Non-accrual with No ACL Total Non-accrual with No ACL Total Real estate loans: Residential Core $ 19,148 $ 21,173 $ 15,691 $ 19,414 Residential Home Today 4,062 4,319 4,511 4,623 Home equity loans and lines of credit 6,966 8,003 7,035 7,877 Total non-accrual loans $ 30,176 $ 33,495 $ 27,237 $ 31,914 At December 31, 2023 and September 30, 2023, respectively, the amortized cost in non-accrual loans includes $18,633 and $18,915 which are performing according to the terms of their agreement, of which $11,611 and $11,508 are loans in Chapter 7 bankruptcy status, primarily where all borrowers have filed, and have not reaffirmed or been dismissed. At December 31, 2023 and September 30, 2023, real estate loans include $10,041 and $9,144, respectively, of loans that were in the process of foreclosure. Interest on loans in accrual status 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. The Company has elected not to measure an allowance for credit losses on accrued interest receivable amounts since amounts are written off timely. Cash payments on loans in non-accrual status are applied to the oldest scheduled, unpaid payment first. The amount of interest income recognized on non-accrual loans was $162 for both the three months ended December 31, 2023 and December 31, 2022. 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, except cash payments may be applied to interest capitalized in a modification when collection of remaining amounts due is considered probable. 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 modification that has not met minimum payment requirements, a loan with a partial charge-off, a home equity loan or line of credit with a delinquent first mortgage greater than 90 days past due, or a loan in Chapter 7 bankruptcy status where all borrowers have filed, and have not reaffirmed or been dismissed. ALLOWANCE FOR CREDIT LOSSES For all classes of loans, a loan is considered collateral-dependent when, based on current information and events, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale of the collateral or foreclosure is probable. Factors considered in determining that a loan is collateral-dependent 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. Partial or full charge-offs are recognized for the amount of credit losses on loans when the borrower is experiencing financial difficulty as described by meeting the conditions below. • For residential mortgage loans, payments are greater than 180 days delinquent; • For home equity loans and lines of credit, and modified residential loans, payments are greater than 90 days delinquent; • For all classes of loan modifications with a high debt-to-income ratio at time of modification; • 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, within 60 days of notification, all borrowers obligated on the loan have filed Chapter 7 bankruptcy and have not reaffirmed or been dismissed; • For all classes of loans, a borrower obligated on a loan has filed bankruptcy and the loan is greater than 30 days delinquent; and • For all classes of loans, it becomes evident that a loss is probable. Charge-offs on residential mortgage loans, home equity loans and lines of credit, and construction loans are also 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 amortized cost in the loans. Collateral-dependent residential mortgage loans and construction loans are charged-off to the extent the amortized cost in the loan, net of anticipated mortgage insurance claims, exceeds the fair value, less estimated costs to dispose of the underlying property. Management can determine if 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 amortized cost in the loan plus the balance of any senior liens exceeds the fair value, less estimated costs to dispose of the underlying property, or management determines the collateral is not sufficient to satisfy the loan. A loan in any portfolio identified as collateral-dependent will continue to be reported as such 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 will continue to be individually evaluated for credit loss until, at a minimum, the loss has been recovered. The allowance for credit losses represents the estimate of lifetime losses in the loan portfolio and unfunded loan commitments. The allowance is estimated at each reporting date using relevant available information relating to past events, current conditions and reasonable and supportable forecasts. The Company utilizes loan level regression models with forecasted economic data to derive the probability of default and loss given default factors. These factors are used to calculate the loan level credit loss over a 24-month period with an immediate reversion to historical mean loss rates for the remaining life of the loans. The Company adopted ASU 2022-02 on October 1, 2023, which eliminated the accounting for TDRs. As such, at December 31, 2023, there was no allowance for individually reviewed TDRs (IVAs), based on the present value of cash flows, as compared to September 30, 2023, when there was $9,546. Effective with this adoption, losses on loans with modifications to borrowers experiencing financial difficulties, previously identified as TDRs, will be estimated as described above, in the same manner as loans that have not been subject to such modifications. Historical credit loss experience provides the basis for the estimation of expected credit losses. Qualitative adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency status or likely recovery of previous loan charge-offs. Qualitative adjustments for expected changes in environmental conditions, such as changes in unemployment rates, property values or other relevant factors, are recognized when forecasted economic data used in the model differs from management's view or contains significant unobservable changes within a short period, particularly when those changes are directionally positive. Identifiable model limitations may also lead to qualitative adjustments, such as those made to reflect the expected recovery of loan amounts previously charged-off, beyond what the model is able to project. The qualitative adjustments resulted in a negative ending balance on the allowance for credit losses for the Home Today portfolio, where recoveries are expected to exceed charge-offs over the remaining life of that portfolio. The net qualitative adjustment at December 31, 2023, was a reduction to the allowance for credit losses of $7,419 compared to a reduction of $13,425 at September 30, 2023. During the quarter, a portion of the loss estimate that had previously been measured qualitatively was reclassed to the model-driven quantitative estimate due to enhancements in the accessibility of certain data. Adjustments are evaluated quarterly based on current facts and circumstances. Activity in the allowance for credit losses by portfolio segment is summarized as follows. See Note 11. LOAN COMMITMENTS AND CONTINGENT LIABILITIES for further details on the allowance for unfunded commitments. For the Three Months Ended December 31, 2023 Beginning Adoption of ASU 2022-02 Provisions (Releases) Charge-offs Recoveries Ending Real estate loans: Residential Core $ 55,375 $ (5,896) $ (301) $ (150) $ 361 $ 49,389 Residential Home Today (1,236) (1,896) (138) (30) 486 (2,814) Home equity loans and lines of credit 23,047 (2,470) 1,519 (330) 670 22,436 Construction 129 — (56) — — 73 Total real estate loans $ 77,315 $ (10,262) $ 1,024 $ (510) $ 1,517 $ 69,084 Total Unfunded Loan Commitments (1) $ 27,515 $ — $ (2,024) $ — $ — $ 25,491 Total Allowance for Credit Losses $ 104,830 $ (10,262) $ (1,000) $ (510) $ 1,517 $ 94,575 For the Three Months Ended December 31, 2022 Beginning Provisions (Releases) Charge-offs Recoveries Ending Real estate loans: Residential Core $ 53,506 $ 792 $ (114) $ 314 $ 54,498 Residential Home Today (997) (506) (173) 691 (985) Home equity loans and lines of credit 20,032 (402) (127) 1,080 20,583 Construction 354 27 — — 381 Total real estate loans $ 72,895 $ (89) $ (414) $ 2,085 $ 74,477 Total Unfunded Loan Commitments (1) $ 27,021 $ (911) $ — $ — $ 26,110 Total Allowance for Credit Losses $ 99,916 $ (1,000) $ (414) $ 2,085 $ 100,587 (1) For all periods presented, the total allowance for unfunded loan commitments is recorded in other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit. CLASSIFIED LOANS The following tables provides the amortized cost and information about the credit quality of residential loan receivables by an internally assigned grade as of the dates presented. Revolving loans reported at amortized cost include home equity lines of credit currently in their draw period. Revolving loans converted to term are home equity lines of credit that are in repayment. Home equity loans and bridge loans are segregated by origination year. Loans, or the portions of loans, classified as loss are fully charged-off in the period in which they are determined to be uncollectible; therefore they are not included in the following table. No Home Today loans are classified Special Mention and all construction loans are classified Pass for both periods presented. Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term By fiscal year of origination 2024 2023 2022 2021 2020 Prior Total December 31, 2023 Real estate loans: Residential Core Pass $ 213,928 $ 1,576,559 $ 3,123,970 $ 2,003,759 $ 1,314,293 $ 3,713,876 $ — $ — $ 11,946,385 Special Mention — — — — — 1,084 — — 1,084 Substandard — 434 1,653 1,188 1,456 21,605 — — 26,336 Total Residential Core 213,928 1,576,993 3,125,623 2,004,947 1,315,749 3,736,565 — — 11,973,805 Residential Home Today (1) Pass — — — — — 39,074 — — 39,074 Substandard — — — — — 5,348 — — 5,348 Total Residential Home Today — — — — — 44,422 — — 44,422 Home equity loans and lines of credit Pass 80,411 195,376 68,573 22,740 6,280 18,669 2,769,478 59,136 3,220,663 Special Mention — 76 357 — — 116 3,143 518 4,210 Substandard — 109 — 141 94 119 4,987 4,745 10,195 Total Home equity loans and lines of credit 80,411 195,561 68,930 22,881 6,374 18,904 2,777,608 64,399 3,235,068 Total Construction 3,021 10,962 4,237 — — — — — 18,220 Total real estate loans Pass 297,360 1,782,897 3,196,780 2,026,499 1,320,573 3,771,619 2,769,478 59,136 15,224,342 Special Mention — 76 357 — — 1,200 3,143 518 5,294 Substandard — 543 1,653 1,329 1,550 27,072 4,987 4,745 41,879 Total real estate loans $ 297,360 $ 1,783,516 $ 3,198,790 $ 2,027,828 $ 1,322,123 $ 3,799,891 $ 2,777,608 $ 64,399 $ 15,271,515 (1) No new originations of Home Today loans since fiscal 2016. Revolving Loans Amortized Cost Basis Revolving Loans Converted To Term By fiscal year of origination 2023 2022 2021 2020 2019 Prior Total September 30, 2023 Real estate loans: Residential Core Pass $ 1,667,029 $ 3,169,609 $ 2,054,744 $ 1,342,854 $ 563,955 $ 3,275,978 $ — $ — $ 12,074,169 Special Mention — — 612 — 106 1,025 — — 1,743 Substandard 185 823 1,285 1,806 721 22,207 — — 27,027 Total Residential Core 1,667,214 3,170,432 2,056,641 1,344,660 564,782 3,299,210 — — 12,102,939 Residential Home Today (1) Pass — — — — — 40,335 — — 40,335 Substandard — — — — — 5,695 — — 5,695 Total Residential Home Today — — — — — 46,030 — — 46,030 Home equity loans and lines of credit Pass 210,131 72,229 23,989 6,965 6,192 13,704 2,657,028 63,399 3,053,637 Special Mention — 129 — 52 32 102 2,830 370 3,515 Substandard — — 140 96 — 120 4,849 4,924 10,129 Total Home equity loans and lines of credit 210,131 72,358 24,129 7,113 6,224 13,926 2,664,707 68,693 3,067,281 Total Construction 11,646 10,755 — — — — — — 22,401 Total real estate loans Pass 1,888,806 3,252,593 2,078,733 1,349,819 570,147 3,330,017 2,657,028 63,399 15,190,542 Special Mention — 129 612 52 138 1,127 2,830 370 5,258 Substandard 185 823 1,425 1,902 721 28,022 4,849 4,924 42,851 Total real estate loans $ 1,888,991 $ 3,253,545 $ 2,080,770 $ 1,351,773 $ 571,006 $ 3,359,166 $ 2,664,707 $ 68,693 $ 15,238,651 (1) No new originations of Home Today loans since fiscal 2016. The following table provides information on the gross charge-offs of residential loan receivables for the period presented. There were no gross charge-offs in the construction loan portfolio for the period presented and t here were no gross charge-offs in the non-revolving portfolios with origination years between 2020 and 2024 for the period presented . For the Three Months Ended December 31, 2023 Origination year prior to fiscal 2020 Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Total Real estate loans: Residential Core $ 150 $ — $ — $ 150 Residential Home Today (1) 30 — — 30 Home equity loans and lines of credit — 163 167 330 Total real estate loans $ 180 $ 163 $ 167 $ 510 (1) No new originations of Home Today loans since fiscal 2016. The home equity lines of credit converted from revolving to term loans during the three months ended December 31, 2023 and December 31, 2022 totaled $1,135 and $396, respectively. The amount of conversions to term loans is expected to remain low for several years since the length of the draw period on new originations changed from five to ten years in 2016. 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, as evaluated based on delinquency status or nature of the product, that the Company deems to deserve management’s attention and may result in further deterioration in their repayment prospects and/or the Company’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 all loans in Chapter 7 bankruptcy status where all borrowers have filed, and have not reaffirmed or been dismissed. Loss loans are considered uncollectible and are charged off when identified. Loss loans are of such little value that their continuance as bankable assets is not warranted even though partial recovery may be effected in the future. Other loans are internally assigned a grade of non-performing when they become 90 days or more past due. At December 31, 2023 and September 30, 2023, no other loans were graded as non-performing. MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY On October 1, 2023, the Company adopted ASU 2022-02, which eliminates the accounting guidance for TDRs by creditors and enhances the disclosure requirements for certain loan modifications when a borrower is experiencing financial difficulty. For additional information on the adoption, refer to Note 14. RECENT ACCOUNTING PRONOUNCEMENTS . To mitigate losses, the Company works with borrowers who are experiencing financial difficulty to identify solutions the borrowers can afford by entering into agreements to modify their loans. These efforts often result in modifications to the payment terms of the loan, which vary by situation and may include interest rate reductions, term extensions, significant payment delays, other, or a combination thereof. The Company does not generally offer principal forgiveness as a type of modification. If a borrower is experiencing an income curtailment that temporarily has reduced their capacity to repay, such as loss of employment, reduction of work hours, non-paid leave or short-term disability, a temporary modification is considered. If a borrower lacks the capacity to repay the loan at the current terms due to a permanent condition, a permanent modification is considered. Loans may be modified more than once. Among other requirements, a subsequent modification may be available for a borrower upon the expiration of temporary modified terms if the borrower is unable to resume contractually scheduled loan payments. In evaluating the need for a subsequent modification, the borrower’s ability to repay is generally assessed utilizing a debt-to-income and cash flow analysis. The following table represents the amortized cost of modifications by type during the period presented. For the three months ended December 31, 2023, there were no modifications made on construction loans. For the Three Months Ended December 31, 2023 Interest Rate Reduction Term Extension Significant Payment Delay Other Combination-Rate Reduction & Term Extension Total % of Total Class Residential Core $ — $ 2 $ 851 $ — $ 124 $ 977 0.01 % Residential Home Today — — 29 48 131 208 0.47 Home equity loans and lines of credit — — 493 — 84 577 0.02 Total $ — $ 2 $ 1,373 $ 48 $ 339 $ 1,762 0.01 % The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended December 31, 2023. For the Three Months Ended December 31, 2023 Interest Rate Reduction Term Extension Weighted-Average Contractual Interest Rate Weighted-Average Years Added to Life From To Residential Core 5.99% 2.00% 7.3 Residential Home Today 4.26% 2.00% 20.0 Home equity loans and lines of credit 4.24% 3.45% 17.4 The performance of loans made to borrowers experiencing financial difficulty in which modifications were made is closely monitored by the Company to understand the effectiveness of modification efforts. Modifications made to borrowers experiencing financial difficulty that become 90 days or more past due under the modified terms are considered subsequently defaulted. There were no modifications that had subsequently defaulted for the three months ending December 31, 2023. The following table presents the performance by loan type for loans modified to borrowers experiencing financial difficulty, on or after October 1, 2023, the date of which the Company adopted ASU 2022-02, through December 31, 2023. The loans in delinquency status consisted of only significant payment delays, which are still reported delinquent even after modification. December 31, 2023 30-59 60-89 90 Days or Total Past Current Total Residential Core $ — $ — $ 613 $ 613 $ 363 $ 976 Residential Home Today — — 17 17 191 208 Home equity loans and lines of credit — — 493 493 85 578 Total $ — $ — $ 1,123 $ 1,123 $ 639 $ 1,762 TROUBLED DEBT RESTRUCTURINGS PRIOR TO THE ADOPTION OF ASU 2022-02 Prior to the adoption of ASU 2022-02, initial concessions granted for loans restructured as TDRs include reduction of interest rate, extension of amortization period, capitalization of delinquent amounts, forbearance or other actions. Some TDRs have experienced a combination of concessions. TDRs also could occur as a result of bankruptcy proceedings. Loans discharged in Chapter 7 bankruptcy are classified as multiple restructurings if the loan's original terms had also been restructured by the Company. At September 30, 2023, $73,172 of TDRs individually evaluated for credit loss have adequately performed under the terms of the restructuring and are classified as Pass loans. The amortized cost in TDRs by category as of September 30, 2023 is shown in the table below. September 30, 2023 Initial Restructuring Multiple Bankruptcy Total Residential Core $ 28,546 $ 15,730 $ 9,577 $ 53,853 Residential Home Today 9,390 10,114 1,691 21,195 Home equity loans and lines of credit 21,063 2,460 879 24,402 Total $ 58,999 $ 28,304 $ 12,147 $ 99,450 The following table sets forth the amortized cost in TDRs restructured during the period presented. For all loans modified during the three months ended December 31, 2022, the pre-modified outstanding amortized cost was not materially different from the post-modified outstanding amortized cost. For the Three Months Ended December 31, 2022 Initial Restructuring Multiple Bankruptcy Total Residential Core $ 1,447 $ 498 $ 364 $ 2,309 Residential Home Today — 197 — 197 Home equity loans and lines of credit 335 — — 335 Total $ 1,782 $ 695 $ 364 $ 2,841 The table below summarizes information about TDRs restructured within 12 months of the period presented for which there was a subsequent payment default, at least 30 days past due on one scheduled payment, during the period presented. For the Three Months Ended December 31, 2022 TDRs That Subsequently Defaulted Number of Contracts Amortized Cost Residential Core 5 $ 676 Residential Home Today 3 74 Home equity loans and lines of credit — — Total 8 $ 750 |
