Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Nov. 25, 2014 | Mar. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 30-Sep-14 | ' | ' |
Document Fiscal Year Focus | '2014 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'WAFD | ' | ' |
Entity Registrant Name | 'WASHINGTON FEDERAL INC | ' | ' |
Entity Central Index Key | '0000936528 | ' | ' |
Current Fiscal Year End Date | '--09-30 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 98,181,367 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $2,343,718,830 |
Consolidated_Statements_of_Fin
Consolidated Statements of Financial Condition (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $781,843 | $203,563 |
Available-for-sale securities | 3,049,442 | 2,360,948 |
Held-to-maturity securities | 1,548,265 | 1,654,666 |
Loans receivable, net | 8,148,322 | 7,528,030 |
Covered loans, net | 176,476 | 295,947 |
Interest receivable | 52,037 | 49,218 |
Premises and equipment, net | 257,543 | 206,172 |
Real estate held for sale | 55,072 | 72,925 |
Real estate held for investment | 4,808 | 9,392 |
Covered real estate held for sale | 24,082 | 30,980 |
FDIC indemnification asset | 36,860 | 64,615 |
FHLB & FRB stock | 158,839 | 173,009 |
Intangible assets, including goodwill of $291,503 and $260,277 | 302,909 | 264,318 |
Federal and state income taxes, net | 16,515 | 44,000 |
Other assets | 143,028 | 125,076 |
Total assets | 14,756,041 | 13,082,859 |
Customer accounts | ' | ' |
Time deposit accounts | 5,490,687 | 3,540,842 |
Time deposit accounts | 5,226,241 | 5,549,429 |
Customer accounts | 10,716,928 | 9,090,271 |
FHLB advances | 1,930,000 | 1,930,000 |
Advance payments by borrowers for taxes and insurance | 29,004 | 42,443 |
Accrued expenses and other liabilities | 106,826 | 82,510 |
Total liabilities | 12,782,758 | 11,145,224 |
Stockholders’ equity | ' | ' |
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,322,909 and 132,572,475 shares issued; 98,404,705 and 102,484,671 shares outstanding | 133,323 | 132,573 |
Paid-in capital | 1,638,211 | 1,625,051 |
Accumulated other comprehensive income, net of taxes | 20,708 | 6,378 |
Treasury stock, at cost; 34,918,204 and 30,087,804 shares | -525,108 | -420,817 |
Retained earnings | 706,149 | 594,450 |
Total stockholders’ equity | 1,973,283 | 1,937,635 |
Total liabilities and stockholders’ equity | $14,756,041 | $13,082,859 |
Consolidated_Statements_of_Fin1
Consolidated Statements of Financial Condition (Parentheticals) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, except Share data, unless otherwise specified | |||
Statement of Financial Position [Abstract] | ' | ' | ' |
Intangible assets, goodwill | $291,503 | $260,277 | $251,653 |
Common stock, par value (in dollars per share) | $1 | $1 | ' |
Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 | ' |
Common stock, shares issued (in shares) | 133,322,909 | 132,572,475 | ' |
Common stock, shares outstanding (in shares) | 98,404,705 | 102,484,671 | ' |
Treasury stock, shares (in shares) | 34,918,204 | 30,087,804 | ' |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
INTEREST INCOME | ' | ' | ' |
Loans | $430,850 | $454,915 | $484,833 |
Mortgage-backed securities | 80,260 | 48,520 | 96,142 |
Investment securities and cash equivalents | 22,587 | 12,856 | 9,296 |
Interest income | 533,697 | 516,291 | 590,271 |
INTEREST EXPENSE | ' | ' | ' |
Customer accounts | 58,524 | 67,903 | 86,939 |
FHLB advances and other borrowings | 69,553 | 68,256 | 106,310 |
Interest expense | 128,077 | 136,159 | 193,249 |
Net interest income | 405,620 | 380,132 | 397,022 |
Provision (reversal) for loan losses | -15,401 | 1,350 | 44,955 |
Net interest income after provision for loan losses | 421,021 | 378,782 | 352,067 |
OTHER INCOME | ' | ' | ' |
Gain on sale of investments | 0 | 0 | 95,234 |
Prepayment penalty on long-term debt | 0 | 0 | -95,565 |
Loan fee income | 7,706 | 8,585 | 7,221 |
Deposit fee income | 14,306 | 5,015 | 3,043 |
Other income | 8,647 | 8,333 | 6,584 |
Noninterest income | 30,659 | 21,933 | 16,517 |
OTHER EXPENSE | ' | ' | ' |
Compensation and benefits | 109,730 | 90,815 | 77,628 |
Occupancy | 30,452 | 23,597 | 20,257 |
FDIC insurance premiums | 11,009 | 12,214 | 16,093 |
Product delivery | 14,973 | 4,414 | 3,518 |
Information technology | 14,303 | 10,999 | 9,376 |
Other expense | 23,542 | 22,201 | 15,982 |
Noninterest expense | 204,009 | 164,240 | 142,854 |
Loss on real estate acquired through foreclosure, net | -2,743 | -1,859 | -9,819 |
Income before income taxes | 244,928 | 234,616 | 215,911 |
Income taxes | ' | ' | ' |
Current | 75,784 | 71,969 | 61,138 |
Deferred | 11,780 | 11,142 | 16,590 |
Income taxes | 87,564 | 83,111 | 77,728 |
NET INCOME | $157,364 | $151,505 | $138,183 |
PER SHARE DATA | ' | ' | ' |
Basic earnings (in dollars per share) | $1.56 | $1.45 | $1.29 |
Diluted earnings (in dollars per share) | $1.55 | $1.45 | $1.29 |
Basic weighted average number of shares outstanding (in shares) | 101,154,030 | 104,684,812 | 107,108,703 |
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares) | 101,590,351 | 104,837,470 | 107,149,240 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' |
Net income | $157,364 | $151,505 | $138,183 |
Other comprehensive income (loss) net of tax: | ' | ' | ' |
Net unrealized gains (losses) on available-for-sale securities | 22,656 | -10,953 | -209,832 |
Related tax benefit (expense) | -8,326 | 4,025 | 77,113 |
Reclassification adjustment of net gains from sale of available-for-sale securities included in net income | 0 | 0 | 95,234 |
Related tax benefit (expense) | 0 | 0 | -34,998 |
Other comprehensive income (loss) | 14,330 | -6,928 | -72,483 |
Comprehensive income | $171,694 | $144,577 | $65,700 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock | Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (loss) | Treasury Stock |
In Thousands, unless otherwise specified | ||||||
Balance, Beginning of period at Sep. 30, 2011 | $1,906,533 | $129,854 | $1,582,843 | $376,712 | $85,789 | ($268,665) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 138,183 | ' | ' | 138,183 | ' | ' |
Other comprehensive income adjustment | -72,483 | ' | ' | ' | -72,483 | ' |
Dividends paid and accrued on common stock | -34,115 | ' | ' | -34,115 | ' | ' |
Compensation expense related to common stock options | 848 | ' | 848 | ' | ' | ' |
Proceeds from exercise of common stock options | 357 | 29 | 328 | ' | ' | ' |
Restricted stock | 2,343 | 67 | 2,276 | ' | ' | ' |
Treasury stock | -41,914 | ' | ' | ' | ' | -41,914 |
Balance, End of period at Sep. 30, 2012 | 1,899,752 | 129,950 | 1,586,295 | 480,780 | 13,306 | -310,579 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 151,505 | ' | ' | 151,505 | ' | ' |
Other comprehensive income adjustment | -6,928 | ' | ' | ' | -6,928 | ' |
Dividends paid and accrued on common stock | -37,835 | ' | ' | -37,835 | ' | ' |
Compensation expense related to common stock options | 473 | ' | 473 | ' | ' | ' |
Proceeds from exercise of common stock options | 4,260 | 208 | 4,052 | ' | ' | ' |
Proceeds from issuance of common stock | 33,493 | 1,997 | 31,496 | ' | ' | ' |
Tax benefit related to exercise of stock options | 1 | ' | 1 | ' | ' | ' |
Restricted stock | 3,152 | 418 | 2,734 | ' | ' | ' |
Treasury stock | -110,238 | ' | ' | ' | ' | -110,238 |
Balance, End of period at Sep. 30, 2013 | 1,937,635 | 132,573 | 1,625,051 | 594,450 | 6,378 | -420,817 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 157,364 | ' | ' | 157,364 | ' | ' |
Other comprehensive income adjustment | 14,330 | ' | ' | ' | 14,330 | ' |
Dividends paid and accrued on common stock | -45,665 | ' | ' | -45,665 | ' | ' |
Compensation expense related to common stock options | 324 | ' | 324 | ' | ' | ' |
Proceeds from exercise of common stock options | 10,142 | 501 | 9,641 | ' | ' | ' |
Restricted stock | 3,444 | 249 | 3,195 | ' | ' | ' |
Treasury stock | -104,291 | ' | ' | ' | ' | -104,291 |
Balance, End of period at Sep. 30, 2014 | $1,973,283 | $133,323 | $1,638,211 | $706,149 | $20,708 | ($525,108) |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
Statement of Stockholders' Equity [Abstract] | ' | ' | ' |
Dividends declared (in $ per share) | $0.46 | $0.36 | $0.32 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net income | $157,364 | $151,505 | $138,183 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and Amortization | 17,347 | 15,774 | 34,502 |
Cash received from FDIC under loss share | 2,502 | 13,421 | 7,587 |
Stock option compensation expense | 324 | 473 | 848 |
Provision (reversal) for loan losses | -15,401 | 1,350 | 44,955 |
(Gain) loss on investment securities and real estate held for sale, net | -2,510 | -8,011 | -100,952 |
Loss on extinguishment of debt | 0 | 0 | 95,565 |
(Increase) decrease in accrued interest receivable | -2,819 | -330 | 5,726 |
Increase in FDIC loss share receivable | -1,795 | -1,482 | -3,284 |
Decrease (increase) in income taxes receivable | 18,890 | -17,462 | 18,066 |
(Increase) decrease in other assets | -17,799 | 36,350 | -74,889 |
Increase (decrease) in accrued expenses and other liabilities | 17,612 | -10,166 | 8,649 |
Net cash provided by operating activities | 173,715 | 181,422 | 174,956 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Net (loan originations) principal collections | -261,401 | 343,771 | 544,240 |
Loans purchased | -218,544 | 0 | 0 |
FHLB & FRB stock purchase | 0 | -23,981 | 0 |
FHLB & FRB stock redeemed | 14,017 | 5,894 | 1,830 |
Available-for-sale securities purchased | -1,280,477 | -889,595 | -2,442,184 |
Principal payments and maturities of available-for-sale securities | 609,395 | 275,726 | 1,608,603 |
Available-for-sale securities sold | 0 | 43,198 | 2,257,913 |
Held-to-maturity securities purchased | 0 | -787,449 | -1,167,121 |
Principal payments and maturities of held-to-maturity securities | 103,617 | 331,022 | 23,082 |
Net cash received from acquisition | 1,776,660 | 202,308 | 50,576 |
Proceeds from sales of real estate held for sale and investment | 73,895 | 115,615 | 175,832 |
Proceeds from sales of covered REO | 15,654 | 20,843 | 33,579 |
Premises and equipment purchased and REO improvements | -51,794 | -29,246 | -32,010 |
Net cash (used) by investing activities | 781,022 | -391,894 | 1,054,340 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Net (decrease) in customer accounts | -226,914 | -223,515 | -225,068 |
Proceeds from long-term borrowings | 0 | 50,000 | 0 |
Repayments of long-term borrowings | 0 | -22,470 | -995,306 |
Proceeds from exercise of common stock options and related tax benefit | 10,252 | 4,261 | 357 |
Dividends paid on common stock | -42,065 | -37,835 | -32,430 |
Treasury stock purchased, net | -104,291 | -110,238 | -41,914 |
(Decrease) increase in advance payments by borrowers for taxes and insurance | -13,439 | 2,402 | 493 |
Net cash provided (used) by financing activities | -376,457 | -337,395 | -1,293,868 |
Increase (decrease) in cash and cash equivalents | 578,280 | -547,867 | -64,572 |
Cash and cash equivalents at beginning of period | 203,563 | 751,430 | 816,002 |
Cash and cash equivalents at end of period | 781,843 | 203,563 | 751,430 |
Non-cash investing activities | ' | ' | ' |
Non-covered real estate acquired through foreclosure | 37,721 | 91,352 | 160,971 |
Covered real estate acquired through foreclosure | 8,748 | 11,196 | 15,905 |
Cash paid during the period for | ' | ' | ' |
Interest | 128,733 | 140,409 | 199,735 |
Income taxes | 64,372 | 80,417 | 59,596 |
The following summarizes the non-cash activities related to acquisitions | ' | ' | ' |
Fair value of assets and intangibles acquired, including goodwill | 80,242 | 607,193 | 124,594 |
Fair value of liabilities assumed | -1,856,902 | -776,009 | -154,493 |
Net fair value of acquired assets (liabilities) | ($1,776,660) | ($168,816) | ($29,899) |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||
Summary of Significant Accounting Policies | ' | |||||||||||||||
Summary of Significant Accounting Policies | ||||||||||||||||
Principles of consolidation. The consolidated financial statements include the accounts of the Company, the Bank and its wholly owned subsidiaries. Intercompany transactions and balances have been eliminated. | ||||||||||||||||
Description of business. The Company is a bank holding company that conducts its operations through a federally-insured national bank subsidiary. The Bank is principally engaged in the business of attracting deposits from the general public and investing these funds, together with borrowings and other funds, in one-to-four family residential real estate loans, multi-family real estate loans and commercial loans. The Bank conducts its activities through a network of 251 offices located in Washington, Oregon, Idaho, Utah, Arizona, Nevada, New Mexico, and Texas. | ||||||||||||||||
The Company's fiscal year end is September 30th. All references to 2014, 2013 and 2012 represent balances as of September 30, 2014, September 30, 2013 and September 30, 2012, or activity for the fiscal years then ended. References to net income in this document refer to net income available to common shareholders. | ||||||||||||||||
Acquisitions. Certain Branches of Bank of America, National Association. During this fiscal year, the Bank has acquired 74 branches from Bank of America, National Association. This included: effective as of the close of business on October 31, 2013, 11 branches located in New Mexico; effective as of the close of business on December 6, 2013, 40 branches located in Washington, Oregon, and Idaho; and effective as of the close of business on May 2, 2014, 23 branches located in Arizona and Nevada. The combined acquisitions provided $1.9 billion in deposit accounts, $13 million of loans, and $25 million in branch properties. The Bank paid a 1.99% premium on the total deposits and received $1.8 billion in cash from the transactions. The acquisition method of accounting was used to account for the acquisitions. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values. The Bank recorded $11 million in core deposit intangible and $31 million in goodwill related to these transactions. The operating results of the Company include the operating results produced by the first 11 branches for the period from November 1, 2013 to September 30, 2014, for the additional 40 branches from December 7, 2013 to September 30, 2014, and for the most recent 23 branches from May 3, 2014 to September 30, 2014. | ||||||||||||||||
South Valley Bancorp, Inc. Effective November 1, 2012, the Bank acquired South Valley Bancorp, Inc. and South Valley's wholly owned subsidiary, South Valley Bank & Trust ("SVBT"), was merged into the Bank. The acquisition provided $361 million of net loans, $108 million of net covered loans, $736 million of deposit accounts, including $533 million in transaction deposit accounts and 24 branch locations in Central and Southern Oregon. Total consideration paid at closing was $44 million, including $34 million of the Company's stock and $10 million of cash resulting from the collection of certain earn-out assets. The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period November 1, 2012 to September 30, 2014. | ||||||||||||||||
Western National Bank. Effective December 16, 2011, the Bank acquired certain assets and liabilities, including most of the loans and deposits, of Western National Bank, headquartered in Phoenix, Arizona (“WNB”) from the Federal Deposit Insurance Corporation (“FDIC”) in an FDIC-assisted transaction. Under the terms of the Purchase and Assumption Agreement, the Bank and the FDIC agreed to a discount of $53 million on net assets and no loss sharing provision or premium on deposits. WNB operated three full-service offices in Arizona. The Bank acquired certain assets with a book value of $177 million, including $143 million in loans and $7 million in foreclosed real estate, and selected liabilities with a book value of $153 million, including $136 million in deposits. Pursuant to the purchase and assumption agreement with the FDIC, the Bank received a cash payment from the FDIC for $30 million. The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period December 16, 2011 to September 30, 2014. | ||||||||||||||||
Charter Bank. Effective October 14, 2011, the Bank acquired six branch locations, four in Albuquerque, New Mexico, and two in Santa Fe, New Mexico, from Charter Bank. $255 million of deposits were acquired for a premium of $1 million. The operating results of the Company include the operating results produced by the assumed liabilities for the period October 14, 2011 to September 30, 2014. | ||||||||||||||||
Cash and cash equivalents. Cash and cash equivalents include cash on hand, amounts due from banks, overnight investments and repurchase agreements with an initial maturity of three months or less. | ||||||||||||||||
Investments and mortgage-backed securities. The Company accounts for investments and mortgage-backed securities in two categories: held-to-maturity and available-for-sale. Premiums and discounts on investments are deferred and recognized over the life of the asset using the effective interest method. | ||||||||||||||||
Held-to-maturity securities are accounted for at amortized cost, but the Company must have both the positive intent and the ability to hold those securities to maturity. There are very limited circumstances under which securities in the held-to-maturity category can be sold without jeopardizing the cost basis of accounting for the remainder of the securities in this category. | ||||||||||||||||
Available-for-sale securities are accounted for at fair value. Gains and losses realized on the sale of these securities are accounted for based on the specific identification method. Unrealized gains and losses for available-for-sale securities are excluded from earnings and reported as a net amount in the accumulated other comprehensive income component of stockholders' equity. | ||||||||||||||||
Realized gains and losses on securities sold as well as other than temporary impairment charges, are shown on the Consolidated Statements of Operations under the Other Income heading. Management evaluates debt and equity securities for other than temporary impairment on a quarterly basis based on the securities' current credit quality, interest rates, term to maturity and management's intent and ability to hold the securities until the net book value is recovered. | ||||||||||||||||
Loans receivable. Loans that are performing in accordance with their contractual terms are held at their carrying amount and expected interest is accrued. The Bank also receives fees for originating loans in addition to various fees and charges related to existing loans, which may include prepayment charges, late charges and assumption fees. | ||||||||||||||||
When a borrower fails to make a required payment on a loan, the Bank attempts to cure the deficiency by contacting the borrower. Contact is made after a payment is 30 days past its grace period. In most cases, deficiencies are cured promptly. If the delinquency is not cured within 90 days, the Bank may institute appropriate action to foreclose on the property. If foreclosed, the property is sold at a public sale and may be purchased by the Bank. | ||||||||||||||||
The Bank will consider modifying the interest rates and terms of a loan if it determines that a modification is a better alternative to foreclosure. Most troubled debt restructured ("TDR") loans are accruing and performing loans where the borrower has proactively approached the Bank about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is generally not an available option for restructured loans. Before granting approval to modify a loan in a TDR, we consider a borrower’s ability to repay by evaluating: current income levels and debt to income ratio, borrower’s credit score, payment history of the loan, and updated valuation of the secondary repayment source. The Bank also modifies some loans that are not classified as TDRs as the modification is due to a restructuring where the effective interest rate on the debt is reduced to reflect a decrease in market interest rates. | ||||||||||||||||
Loans are placed on nonaccrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. The Bank does not accrue interest on loans 90 days or more past due. If payment is made on a loan so that the loan becomes less than 90 days past due, and the Bank expects full collection of principal and interest, the loan is returned to full accrual status. Any interest ultimately collected is credited to income in the period of recovery. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet contractual obligations. | ||||||||||||||||
If a consumer loan is on non-accrual status before becoming a TDR it will stay on non-accrual status following restructuring until it has been performing for at least six months, at which point it may be moved to accrual status. If a loan is on accrual status before it becomes a TDR, and management concludes that full repayment is highly probable based on internal evaluation, it will remain on accrual status following restructuring. If the consumer restructured loan does not perform, it is placed in non-accrual status when it is 90 days delinquent. For commercial loans, six consecutive payments on newly restructured loan terms are required prior to returning the loan to accrual status. In some instances after the required six consecutive payments are made management will conclude that collection of the entire principal balance is still in doubt. In those instances, the loan will remain on non-accrual. | ||||||||||||||||
Impaired loans consist of loans receivable that are not expected to have their principal and interest repaid in accordance with their contractual terms. This includes TDRs that are on non-accrual status. Collateral dependent impaired loans are measured using the fair value of the collateral, less selling costs. Non-collateral dependent loans are measured at the present value of expected future cash flows. | ||||||||||||||||
Deferred fees and discounts on loans. Loan discounts and loan fees are deferred and recognized over the life of the loans using the effective interest method. | ||||||||||||||||
Allowance for Loan Losses. The Bank maintains an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the probable and estimable losses inherent in the loan portfolio. The Bank's general methodology for assessing the appropriateness of the allowance is to apply a loss percentage factor to the different loan types. The loss percentage factor is made up of two parts - the historical loss factor (“HLF”) and the qualitative loss factor (“QLF”). | ||||||||||||||||
The HLF takes into account historical charge-offs by loan type. The Bank uses an average of historical loss rates for each loan category multiplied by a loss emergence period. This is the likely period of time during which a residential or commercial loan borrower experiencing financial difficulties might deplete their cash prior to becoming delinquent on their loan, plus the period of time that it takes the bank to work out the loans. | ||||||||||||||||
The QLF are based on management's continuing evaluation of the pertinent factors underlying the quality of the loan portfolio, including changes in the size and composition of the loan portfolio, actual loan loss experience, current economic conditions, collateral values, geographic concentrations, seasoning of the loan portfolio, specific industry conditions, and the duration of the current business cycle. These factors are considered by loan type. | ||||||||||||||||
Specific allowances are established for loans which are individually evaluated, in cases where management has identified significant conditions or circumstances related to a loan that management believes indicate the probability that a loss has been incurred. The Bank has also established a reserve for unfunded commitments. | ||||||||||||||||
The recovery of the carrying value of loans is susceptible to future market conditions beyond the Bank's control, which may result in losses or recoveries differing from those provided. In those cases, a portion of the allowance is then allocated to reflect the estimated loss exposure. | ||||||||||||||||
Covered assets. Covered loans are the loans acquired from Horizon Bank in 2010 and certain loans acquired from SVBT in fiscal 2013 that are recorded at their estimated fair market value. Loans that were classified as non-performing loans by Horizon Bank and SVBT are no longer classified as non-performing because, at acquisition, the carrying value of these loans was adjusted to reflect fair value and are covered under the FDIC loss sharing agreements. Management believes that the new book value reflects an amount that will ultimately be collected. Acquired credit impaired loans are accounted for under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 310-30 when there is evidence of credit deterioration since origination and for which it is probable, at acquisition, that the Company would be unable to collect all contractually required payments. Interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, are recognized on all acquired loans. Covered real estate held for sale represents the foreclosed properties that were originally Horizon Bank loans or certain SVBT loans. Covered real estate held for sale is carried at the estimated fair market value of the repossessed real estate. The covered loans and covered real estate held for sale are collectively referred to as “covered assets”. When FDIC loss share agreements expire, any remaining loans will be transferred to the non covered portfolio. | ||||||||||||||||
FDIC indemnification asset. FDIC indemnification asset is the receivable recorded due to the guarantee provided by the FDIC on the covered assets. This asset declines due to collections from the FDIC on claims or the eventual expiration of the FDIC loss share agreements. | ||||||||||||||||
Client Derivatives. Interest rate swap agreements are provided to certain clients who desire to convert their obligations from variable to fixed interest rates. Under these agreements, the Bank enters into a variable-rate loan agreement with a customer in addition to a swap agreement, and then enters into a corresponding swap agreement with a third party in order to offset its exposure on the customer swap agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under FASB ASC 815, Derivatives and Hedging, the instruments are marked to market in earnings. The change in fair value of the offsetting swaps are included in interest income and interest expense and there is no impact on net income. There is fee income earned on the swaps that is included in miscellaneous loan income. | ||||||||||||||||
Long Term Borrowing Hedges. The Bank has entered into forward-starting interest rate swaps to convert a series of future short-term borrowings to fixed rate payments. These interest rate swaps qualify as cash flow hedging instruments under ASC 815 which provides for matching of the recognition of gains and losses of the interest rate swaps and the hedged items. Prior to the starting date, the change in the fair value of the interest rate swap will be recorded in Other Comprehensive Income. | ||||||||||||||||
Premises and equipment. Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Expenditures are capitalized for betterments and major renewals. Charges for ordinary maintenance and repairs are expensed to operations as incurred. | ||||||||||||||||
Real estate held for sale. Properties acquired in settlement of loans or acquired for development are recorded at fair value less selling costs. Subsequent accounting is recorded at lower of cost or market. These gains (losses) are shown on the real estate acquired through foreclosure line item. | ||||||||||||||||
Real estate held for investment. Properties acquired in settlement of loans or acquired for development are recorded at fair value less selling costs where management has the intent to hold the properties until the housing market recovers. Subsequent accounting is recorded at lower of cost or market. These gains (losses) are shown on the real estate acquired through foreclosure line item. | ||||||||||||||||
Intangible assets. Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. The core deposit intangibles and non-compete agreement intangible are acquired assets that lack physical substance but can be distinguished from goodwill. Goodwill is evaluated for impairment on an annual basis. Other intangible assets are amortized over their estimated lives and are subject to impairment testing when events or circumstances change. If circumstances indicate that the carrying value of the assets may not be recoverable, an impairment charge could be recorded. No impairment of intangible assets has ever been identified. The Bank amortizes the core deposit intangibles over their estimated lives generally on an accelerated method. | ||||||||||||||||
The balance of the Company's intangible assets was as follows, which includes the additional goodwill discussed above: | ||||||||||||||||
Goodwill | Servicing Rights Intangible | Core Deposit Intangible | Total | |||||||||||||
(In thousands) | ||||||||||||||||
Balance at September 30, 2012 | $ | 251,653 | $ | 286 | $ | 4,137 | $ | 256,076 | ||||||||
Additions | 8,624 | — | 1,433 | 10,057 | ||||||||||||
Amortization | — | (286 | ) | (1,529 | ) | (1,815 | ) | |||||||||
Balance at September 30, 2013 | 260,277 | — | 4,041 | 264,318 | ||||||||||||
Additions | 31,226 | — | 11,040 | 42,266 | ||||||||||||
Amortization | — | — | (3,675 | ) | (3,675 | ) | ||||||||||
Balance at September 30, 2014 | $ | 291,503 | $ | — | $ | 11,406 | $ | 302,909 | ||||||||
The table below presents the estimated core deposit intangible asset amortization expense for the next five years: | ||||||||||||||||
Year End | Expense | |||||||||||||||
(In thousands) | ||||||||||||||||
2015 | $ | 3,479 | ||||||||||||||
2016 | 2,314 | |||||||||||||||
2017 | 1,607 | |||||||||||||||
2018 | 1,208 | |||||||||||||||
2019 | 1,254 | |||||||||||||||
Income taxes. Income taxes are accounted for using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, a deferred tax asset or liability is determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The provision for income taxes includes current and deferred income tax expense based on net income adjusted for temporary and permanent differences such as depreciation, interest on state and municipal securities, and affordable housing tax credits. Income tax related interest and penalties, if applicable, and amortization of affordable housing tax credit investments are recorded within income tax expense. | ||||||||||||||||
Accounting for stock-based compensation. The Company records an expense for the estimated fair value of equity awards over the vesting period. See Note L for additional information. Stock options that were not dilutive but were outstanding as of September 30, 2014, 2013 and 2012 were 90,846, 435,825 and 934,880, respectively. | ||||||||||||||||
Use of estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 and the reported amounts of revenues and expenses during the reporting period. Significant estimates reported in the financial statements include the allowance for loan losses, intangible assets, deferred taxes and contingent liabilities. Actual results could differ from these estimates. | ||||||||||||||||
New accounting pronouncements. In December 2012, FASB issued Accounting Standards Update ("ASU") 2012-06, Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 clarifies that when a reporting entity recognizes an indemnification asset as the result of a government-assisted acquisition of a financial institution and there is a change in the amount of cash flows expected to be collected on the indemnification asset, the reporting entity should subsequently measure the indemnification asset on the same basis as the underlying loans by taking into account the contractual limitations of the Loss-Sharing Agreement ("LSA"). For amortization of changes in value, the reporting entity should use the term of LSA if it is shorter than the term of the acquired loans. This new guidance did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In January 2013, the FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The main objective was to address implementation issues about the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The guidance in this ASU was effective beginning on or after January 1, 2013. This new guidance did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The objective was to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements; rather, they require the entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance in this ASU was effective for fiscal years beginning after December 15, 2012. This new guidance did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. Topic 815, Derivatives and Hedging, provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The objective of this update is to provide for the inclusion of the Fed Funds Effective Swap Rate as a U.S. benchmark interest rate for hedge accounting purposes, in addition to UST and LIBOR rates. The guidance in this ASU is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Some entities present unrecognized tax benefits as a liability unless the unrecognized tax benefit is directly associated with a tax position taken in a tax year that results in, or that resulted in, the recognition of a net operating loss or tax credit carryforward for that year and the net operating loss or tax credit carryforward has not been utilized. Other entities present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances. The objective of these is to eliminate that diversity in practice. The guidance in this ASU is effective for fiscal years beginning after December 15, 2013. This new guidance did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The new guidance clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. The amendments are effective beginning after December 15, 2014. This ASU is not expected to have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In January 2014, the FASB issued ASU 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. This new guidance permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. This new guidance is effective on a retrospective basis beginning after December 15, 2014 with early adoption permitted. The Company adopted this ASU prospectively as of December 31, 2013 as the retrospective adjustments were not material. The amount of affordable housing tax credits that were recognized during the 2014 fiscal year is $3 million. The net investment balance recognized as of September 30, 2014 is $42 million. Using the proportional amortization method, the amount recognized as a component of income tax expense for the 2014 fiscal year is $4 million. Contingent commitments for equity contributions during the 2014 calendar year are $35 million. Overall, this adoption did not have a material impact on the Company's consolidated financial statements. | ||||||||||||||||
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance, which does not apply to financial instruments, is effective on a retrospective basis beginning on January 1, 2017. The Company does not expect the new guidance to have a material impact on its consolidated financial position or results of operation. | ||||||||||||||||
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. Under this new accounting guidance, repurchase-to-maturity transactions will be accounted for as secured borrowings rather than sales of an asset, and transfers of financial assets with contemporaneous repurchase financings will no longer be evaluated to determine whether they should be accounted for on a combined basis as forward contracts. The new guidance also prescribes additional disclosures particularly on the nature of collateral pledged in repurchase financings accounted for as secured borrowings. The new guidance is effective beginning on January 1, 2015. The Company does not expect this guidance to have a material impact on its consolidated financial position or results of operation. | ||||||||||||||||
Business segments. As the Company manages its business and operations on a consolidated basis, management has determined that there is one reportable business segment. | ||||||||||||||||
Reclassifications. Reclassification of Other Expenses into Product delivery and Information technology line items have been made to the financial statements for years prior to September 30, 2014 to conform to current year classifications. | ||||||||||||||||
Reclassification of Real Estate Held for Investment into its own line item and out of Real Estate Held for Sale have been made to the financial statements for years prior to September 30, 2014 to conform to current year classifications. |
Investment_Securities
Investment Securities | 12 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||
INVESTMENT SECURITIES | |||||||||||||||||||
September 30, | 2014 | ||||||||||||||||||
Amortized | Gross Unrealized | Fair | Yield | ||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
(In thousands) | |||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||
U.S. government and agency securities due | |||||||||||||||||||
1 to 5 years | $ | 171,154 | $ | 2,585 | $ | (748 | ) | $ | 172,991 | 1.26 | % | ||||||||
5 to 10 years | 203,317 | 300 | (102 | ) | 203,515 | 1.45 | % | ||||||||||||
Over 10 years | 354,828 | 1,028 | (419 | ) | 355,437 | 1.25 | % | ||||||||||||
Equity Securities | |||||||||||||||||||
1 to 5 years | 100,500 | 887 | — | 101,387 | 1.9 | % | |||||||||||||
5 to 10 years | — | — | — | — | — | % | |||||||||||||
Corporate bonds due | |||||||||||||||||||
Within 1 year | 15,000 | 75 | — | 15,075 | 1 | % | |||||||||||||
1 to 5 years | 302,540 | 2,372 | — | 304,912 | 0.71 | % | |||||||||||||
5 to 10 years | 138,201 | 1,789 | (970 | ) | 139,020 | 1.43 | % | ||||||||||||
Over 10 years | 50,000 | — | — | 50,000 | 3 | % | |||||||||||||
Municipal bonds due | |||||||||||||||||||
Over 10 years | 20,402 | 3,279 | — | 23,681 | 6.45 | % | |||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,561,639 | 24,893 | (2,024 | ) | 1,584,508 | 2.57 | % | ||||||||||||
Other commercial MBS | 98,851 | 65 | 98,916 | 1.49 | % | ||||||||||||||
3,016,432 | 37,273 | (4,263 | ) | 3,049,442 | 1.99 | % | |||||||||||||
Held-to-maturity securities | |||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | % | ||||||||||||
1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | % | |||||||||||||
$ | 4,564,697 | $ | 42,128 | $ | (58,165 | ) | $ | 4,548,660 | 2.38 | % | |||||||||
September 30, | 2013 | ||||||||||||||||||
Amortized | Gross Unrealized | Fair | Yield | ||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
(In thousands) | |||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||
U.S. government and agency securities due | |||||||||||||||||||
1 to 5 years | $ | 61,002 | $ | 3,393 | $ | (252 | ) | $ | 64,143 | 1.98 | % | ||||||||
5 to 10 years | 129,219 | — | (1,547 | ) | 127,672 | 0.86 | % | ||||||||||||
Over 10 years | 344,571 | — | (2,411 | ) | 342,160 | 0.93 | % | ||||||||||||
Equity Securities | |||||||||||||||||||
1 to 5 years | 500 | 11 | — | 511 | 2.17 | % | |||||||||||||
5 to 10 years | 100,000 | 726 | — | 100,726 | 1.8 | % | |||||||||||||
Corporate bonds due | |||||||||||||||||||
Within 1 year | 19,500 | 3 | — | 19,503 | 0.49 | % | |||||||||||||
1 to 5 years | 317,190 | 1,980 | (130 | ) | 319,040 | 0.75 | % | ||||||||||||
5 to 10 years | 113,060 | 1,180 | (768 | ) | 113,472 | 1.53 | % | ||||||||||||
Municipal bonds due | |||||||||||||||||||
Over 10 years | 20,422 | 2,123 | — | 22,545 | 6.45 | % | |||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,245,400 | 10,270 | (4,494 | ) | 1,251,176 | 2.18 | % | ||||||||||||
2,350,864 | 19,686 | (9,602 | ) | 2,360,948 | 1.7 | % | |||||||||||||
Held-to-maturity securities | |||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,654,666 | 3,387 | (75,204 | ) | 1,582,849 | 3.14 | % | ||||||||||||
1,654,666 | 3,387 | (75,204 | ) | 1,582,849 | 3.14 | % | |||||||||||||
$ | 4,005,530 | $ | 23,073 | $ | (84,806 | ) | $ | 3,943,797 | 2.3 | % | |||||||||
There were no available-for-sale securities that were sold in 2014. There were $43,198,000 of available-for-sale securities that were sold in 2013, resulting in a net gain of $0 as these securities were acquired from SVBT and sold on the same day. There were $2,257,913,000 of available-for-sale securities that were sold in 2012, resulting in a net gain of $95,234,000. Substantially all mortgage-backed securities have contractual due dates that exceed twenty-five years. | |||||||||||||||||||
The following table shows the unrealized gross losses and fair value of securities at September 30, 2014 and September 30, 2013, by length of time that individual securities in each category have been in a continuous loss position. The Bank had $1,642,718,000 securities in a continuous loss position for 12 or more months at September 30, 2014, and $190,357,000 securities in a continuous loss position for 12 months at September 30, 2013, which consisted of corporate bonds, U.S. government and agency securities, and mortgage-backed securities. Management believes that the declines in fair value of these investments are not an other than temporary impairment as these losses are due to a change in interest rates rather than any credit deterioration. The impairment is also deemed to be temporary because: 1) the Bank does not intend to sell the security, and 2) It is not more likely than not that it will be required to sell the security before recovery of the entire amortized cost basis of the security. | |||||||||||||||||||
As of September 30, | 2014 | ||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | ||||||||||||||
Gross Losses | Value | Gross Losses | Value | Gross Losses | Value | ||||||||||||||
(In thousands) | |||||||||||||||||||
Corporate Bonds | $ | (125 | ) | $ | 24,875 | $ | (845 | ) | $ | 24,155 | $ | (970 | ) | $ | 49,030 | ||||
U.S. agency securities | (472 | ) | 316,578 | (797 | ) | 109,354 | (1,269 | ) | 425,932 | ||||||||||
Agency pass-through certificates | (215 | ) | 19,212 | (55,711 | ) | 1,509,209 | (55,926 | ) | 1,528,421 | ||||||||||
$ | (812 | ) | $ | 360,665 | $ | (57,353 | ) | $ | 1,642,718 | $ | (58,165 | ) | $ | 2,003,383 | |||||
As of September 30, | 2013 | ||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | ||||||||||||||
Gross Losses | Value | Gross Losses | Value | Gross Losses | Value | ||||||||||||||
(In thousands) | |||||||||||||||||||
Corporate Bonds | $ | (660 | ) | $ | 52,434 | $ | (238 | ) | $ | 9,763 | $ | (898 | ) | $ | 62,197 | ||||
U.S. agency securities | (4,144 | ) | 309,109 | (66 | ) | 14,091 | (4,210 | ) | 323,200 | ||||||||||
Agency pass-through certificates | (78,291 | ) | 1,703,948 | (1,407 | ) | 166,503 | (79,698 | ) | 1,870,451 | ||||||||||
$ | (83,095 | ) | $ | 2,065,491 | $ | (1,711 | ) | $ | 190,357 | $ | (84,806 | ) | $ | 2,255,848 | |||||
Loans_Receivable_excluding_Cov
Loans Receivable (excluding Covered Loans) | 12 Months Ended | |||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||||||||
Loans Receivable (excluding Covered Loans) | ' | |||||||||||||||||||||||||||||||||
Loans Receivable (excluding Covered Loans) | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | $ | 5,560,203 | 64.1 | % | $ | 5,359,149 | 67.1 | % | ||||||||||||||||||||||||||
Construction - speculative | 140,060 | 1.6 | 130,778 | 1.6 | ||||||||||||||||||||||||||||||
Construction - custom | 385,824 | 4.5 | 302,722 | 3.8 | ||||||||||||||||||||||||||||||
Land - acquisition & development | 77,832 | 0.9 | 77,775 | 1.1 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 108,623 | 1.3 | 121,671 | 1.5 | ||||||||||||||||||||||||||||||
Multi-family | 917,286 | 10.6 | 831,684 | 10.4 | ||||||||||||||||||||||||||||||
Commercial real estate | 591,336 | 6.9 | 414,961 | 5.1 | ||||||||||||||||||||||||||||||
Commercial & industrial | 379,226 | 4.4 | 243,199 | 3 | ||||||||||||||||||||||||||||||
HELOC | 116,042 | 1.4 | 112,186 | 1.4 | ||||||||||||||||||||||||||||||
Consumer | 132,590 | 1.5 | 47,141 | 0.6 | ||||||||||||||||||||||||||||||
Total non-acquired loans | 8,409,022 | 97.2 | 7,641,266 | 95.6 | ||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 11,716 | 0.1 | % | 14,468 | 0.2 | % | ||||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 905 | — | 1,489 | — | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 2,507 | — | 3,313 | — | ||||||||||||||||||||||||||||||
Multi-family | 2,999 | — | 3,914 | 0.1 | ||||||||||||||||||||||||||||||
Commercial real estate | 97,898 | 1.1 | 133,423 | 1.7 | ||||||||||||||||||||||||||||||
Commercial & industrial | 54,219 | 0.6 | 75,326 | 0.9 | ||||||||||||||||||||||||||||||
HELOC | 8,274 | 0.1 | 10,179 | 0.1 | ||||||||||||||||||||||||||||||
Consumer | 5,670 | 0.1 | 8,267 | 0.1 | ||||||||||||||||||||||||||||||
Total acquired loans | 184,188 | 2 | 250,379 | 3.1 | ||||||||||||||||||||||||||||||
Credit-impaired acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 325 | — | 333 | — | ||||||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 1,622 | — | 2,396 | — | ||||||||||||||||||||||||||||||
Land - consumer lot loans | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial real estate | 63,723 | 0.7 | 76,909 | 1.1 | ||||||||||||||||||||||||||||||
Commercial & industrial | 643 | — | 7,925 | 0.1 | ||||||||||||||||||||||||||||||
HELOC | 10,139 | 0.1 | 11,266 | 0.1 | ||||||||||||||||||||||||||||||
Consumer | 55 | — | 71 | — | ||||||||||||||||||||||||||||||
Total credit-impaired acquired loans | 76,507 | 0.8 | 98,900 | 1.3 | ||||||||||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 5,572,244 | 64.2 | 5,373,950 | 67.3 | ||||||||||||||||||||||||||||||
Construction - speculative | 140,060 | 1.6 | 130,778 | 1.6 | ||||||||||||||||||||||||||||||
Construction - custom | 385,824 | 4.5 | 302,722 | 3.8 | ||||||||||||||||||||||||||||||
Land - acquisition & development | 80,359 | 0.9 | 81,660 | 1.1 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 111,130 | 1.3 | 124,984 | 1.5 | ||||||||||||||||||||||||||||||
Multi-family | 920,285 | 10.6 | 835,598 | 10.5 | ||||||||||||||||||||||||||||||
Commercial real estate | 752,957 | 8.7 | 625,293 | 7.9 | ||||||||||||||||||||||||||||||
Commercial & industrial | 434,088 | 5 | 326,450 | 4 | ||||||||||||||||||||||||||||||
HELOC | 134,455 | 1.6 | 133,631 | 1.6 | ||||||||||||||||||||||||||||||
Consumer | 138,315 | 1.6 | 55,479 | 0.7 | ||||||||||||||||||||||||||||||
Total loans | 8,669,717 | 100 | % | 7,990,545 | 100 | % | ||||||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||||||||
Allowance for probable losses | 112,347 | 116,741 | ||||||||||||||||||||||||||||||||
Loans in process | 346,172 | 275,577 | ||||||||||||||||||||||||||||||||
Discount on acquired loans | 25,391 | 34,143 | ||||||||||||||||||||||||||||||||
Deferred net origination fees | 37,485 | 36,054 | ||||||||||||||||||||||||||||||||
521,395 | 462,515 | |||||||||||||||||||||||||||||||||
$ | 8,148,322 | $ | 7,528,030 | |||||||||||||||||||||||||||||||
The Company originates fixed and adjustable interest rate loans, which at September 30, 2014 consisted of the following: | ||||||||||||||||||||||||||||||||||
Fixed-Rate | Adjustable-Rate | |||||||||||||||||||||||||||||||||
Term To Maturity | Book Value | Term To Rate Adjustment | Book Value | |||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Within 1 year | $ | 366,988 | Less than 1 year | $ | 1,167,059 | |||||||||||||||||||||||||||||
1 to 3 years | 189,917 | 1 to 3 years | 562,839 | |||||||||||||||||||||||||||||||
3 to 5 years | 100,854 | 3 to 5 years | 713,975 | |||||||||||||||||||||||||||||||
5 to 10 years | 127,292 | 5 to 10 years | 12,884 | |||||||||||||||||||||||||||||||
10 to 20 years | 819,570 | 10 to 20 years | — | |||||||||||||||||||||||||||||||
Over 20 years | 4,605,687 | Over 20 years | 2,652 | |||||||||||||||||||||||||||||||
$ | 6,210,308 | $ | 2,459,409 | |||||||||||||||||||||||||||||||
Gross loans by geographic concentration were as follows: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | Total | |||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Washington | $ | 2,711,711 | $ | 315,584 | $ | 46,091 | $ | 61,525 | $ | 211,474 | $ | 68,668 | $ | 372,239 | $ | 87,312 | $ | 16 | $ | 73,721 | $ | 3,948,341 | ||||||||||||
Oregon | 784,794 | 278,112 | 5,655 | 19,738 | 53,218 | 31,210 | 161,401 | 31,547 | — | 15,501 | 1,381,176 | |||||||||||||||||||||||
Arizona | 600,306 | 182,645 | 3,201 | 10,040 | 42,326 | 9,393 | 92,817 | 1,078 | — | 19,580 | 961,386 | |||||||||||||||||||||||
Other | 206,586 | 688 | — | — | — | — | 19,160 | 309,855 | 138,299 | 30 | 674,618 | |||||||||||||||||||||||
Utah | 471,248 | 49,755 | 5,430 | 5,293 | 28,107 | 5,640 | 3,319 | 297 | — | 7,657 | 576,746 | |||||||||||||||||||||||
Idaho | 323,320 | 25,294 | 2,277 | 9,479 | 16,008 | 12,195 | 3,656 | 769 | — | 5,008 | 398,006 | |||||||||||||||||||||||
New Mexico | 174,102 | 53,002 | 14,923 | 2,946 | 21,024 | 9,893 | 90,288 | 3,230 | — | 12,587 | 381,995 | |||||||||||||||||||||||
Texas | 180,950 | 12,852 | 2,782 | 629 | 7,941 | 3,061 | 7,722 | — | — | — | 215,937 | |||||||||||||||||||||||
Nevada | 119,227 | 2,353 | — | 1,480 | 5,726 | — | 2,355 | — | — | 371 | 131,512 | |||||||||||||||||||||||
$ | 5,572,244 | $ | 920,285 | $ | 80,359 | $ | 111,130 | $ | 385,824 | $ | 140,060 | $ | 752,957 | $ | 434,088 | $ | 138,315 | $ | 134,455 | $ | 8,669,717 | |||||||||||||
Percentage by geographic area | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | Total | |||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
As % of total gross loans | ||||||||||||||||||||||||||||||||||
Washington | 31.6 | % | 3.6 | % | 0.5 | % | 0.7 | % | 2.4 | % | 0.8 | % | 4.3 | % | 1 | % | — | % | 0.9 | % | 45.8 | % | ||||||||||||
Oregon | 9.1 | 3.2 | 0.1 | 0.2 | 0.6 | 0.4 | 1.9 | 0.4 | — | 0.2 | 16.1 | |||||||||||||||||||||||
Arizona | 6.9 | 2.1 | — | 0.1 | 0.5 | 0.1 | 1.1 | — | — | 0.2 | 11 | |||||||||||||||||||||||
Other | 2.4 | — | — | — | — | — | 0.2 | 3.6 | 1.6 | — | 7.8 | |||||||||||||||||||||||
Utah | 5.4 | 0.6 | 0.1 | 0.1 | 0.3 | 0.1 | — | — | — | 0.1 | 6.7 | |||||||||||||||||||||||
Idaho | 3.7 | 0.3 | — | 0.1 | 0.2 | 0.1 | — | — | — | 0.1 | 4.5 | |||||||||||||||||||||||
New Mexico | 2 | 0.6 | 0.2 | — | 0.2 | 0.1 | 1 | — | — | 0.1 | 4.2 | |||||||||||||||||||||||
Texas | 2.1 | 0.1 | — | — | 0.1 | — | 0.1 | — | — | — | 2.4 | |||||||||||||||||||||||
Nevada | 1.4 | — | — | — | 0.1 | — | — | — | — | — | 1.5 | |||||||||||||||||||||||
64.6 | % | 10.5 | % | 0.9 | % | 1.2 | % | 4.4 | % | 1.6 | % | 8.6 | % | 5 | % | 1.6 | % | 1.6 | % | 100 | % | |||||||||||||
Percentage by geographic area as a % of each loan type | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | ||||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
As % of total gross loans | ||||||||||||||||||||||||||||||||||
Washington | 48.7 | % | 34.3 | % | 57.3 | % | 55.3 | % | 54.8 | % | 49 | % | 49.6 | % | 20.1 | % | — | % | 54.8 | % | ||||||||||||||
Oregon | 14.1 | 30.2 | 7 | 17.8 | 13.8 | 22.3 | 21.4 | 7.3 | — | 11.5 | ||||||||||||||||||||||||
Arizona | 10.8 | 19.8 | 4 | 9 | 11 | 6.7 | 12.3 | 0.2 | — | 14.6 | ||||||||||||||||||||||||
Other | 3.7 | 0.1 | — | — | — | — | 2.5 | 71.4 | 100 | — | ||||||||||||||||||||||||
Utah | 8.5 | 5.4 | 6.8 | 4.8 | 7.3 | 4 | 0.4 | 0.1 | — | 5.7 | ||||||||||||||||||||||||
Idaho | 5.8 | 2.7 | 2.8 | 8.5 | 4.1 | 8.7 | 0.5 | 0.2 | — | 3.7 | ||||||||||||||||||||||||
New Mexico | 3.1 | 5.8 | 18.6 | 2.7 | 5.4 | 7.1 | 12 | 0.7 | — | 9.4 | ||||||||||||||||||||||||
Texas | 3.2 | 1.4 | 3.5 | 0.6 | 2.1 | 2.2 | 1 | — | — | — | ||||||||||||||||||||||||
Nevada | 2.1 | 0.3 | — | 1.3 | 1.5 | — | 0.3 | — | — | 0.3 | ||||||||||||||||||||||||
100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||
The following table provides additional information on impaired loans, loan commitments and loans serviced for others: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Recorded investment in impaired loans | $ | 435,185 | $ | 454,557 | ||||||||||||||||||||||||||||||
Trouble Debt Restructuring included in impaired loans | 374,743 | 415,696 | ||||||||||||||||||||||||||||||||
Impaired loans with allocated reserves | 196 | 6,035 | ||||||||||||||||||||||||||||||||
Reserves on impaired loans | 60 | 3,473 | ||||||||||||||||||||||||||||||||
Average balance of impaired loans | 403,138 | 495,472 | ||||||||||||||||||||||||||||||||
Interest income from impaired loans | 21,674 | 24,798 | ||||||||||||||||||||||||||||||||
Outstanding fixed-rate origination commitments | 198,504 | 190,363 | ||||||||||||||||||||||||||||||||
Loans serviced for others | 86,745 | 55,589 | ||||||||||||||||||||||||||||||||
The following table sets forth information regarding non-accrual loans held by the Company: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Non-accrual loans: | ||||||||||||||||||||||||||||||||||
Single-family residential | $ | 74,067 | 84.8 | % | $ | 100,460 | 76.5 | % | ||||||||||||||||||||||||||
Construction - speculative | 1,477 | 1.7 | 4,560 | 3.5 | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 811 | 0.9 | 2,903 | 2.2 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 2,637 | 3 | 3,337 | 2.5 | ||||||||||||||||||||||||||||||
Multi-family | 1,742 | 2 | 6,573 | 5 | ||||||||||||||||||||||||||||||
Commercial real estate | 5,106 | 5.8 | 11,736 | 8.9 | ||||||||||||||||||||||||||||||
Commercial & industrial | 7 | — | 477 | 0.4 | ||||||||||||||||||||||||||||||
HELOC | 795 | 0.9 | 263 | 0.2 | ||||||||||||||||||||||||||||||
Consumer | 789 | 0.9 | 990 | 0.8 | ||||||||||||||||||||||||||||||
Total non-accrual loans | $ | 87,431 | 100 | % | $ | 131,299 | 100 | % | ||||||||||||||||||||||||||
The following tables provide an analysis of the age of loans in past due status: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Amount of Loans | Days Delinquent Based on $ Amount of Loans | % based | |||||||||||||||||||||||||||||||
Type of Loan | Net of LIP & Chg.-Offs | Current | 30 | 60 | 90 | Total | on $ | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | $ | 5,557,753 | $ | 5,467,239 | $ | 15,926 | $ | 9,139 | $ | 65,449 | $ | 90,514 | 1.63 | % | ||||||||||||||||||||
Construction - Speculative | 87,035 | 87,035 | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | 192,098 | 191,262 | 836 | — | — | 836 | 0.44 | |||||||||||||||||||||||||||
Land - Acquisition & Development | 68,066 | 67,911 | 155 | — | — | 155 | 0.23 | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | 108,589 | 104,571 | 1,246 | 304 | 2,468 | 4,018 | 3.7 | |||||||||||||||||||||||||||
Multi-Family | 892,196 | 891,372 | 205 | 16 | 603 | 824 | 0.09 | |||||||||||||||||||||||||||
Commercial Real Estate | 529,453 | 513,409 | 67 | 15,118 | 859 | 16,044 | 3.03 | |||||||||||||||||||||||||||
Commercial & Industrial | 379,226 | 377,848 | 53 | 1,318 | 7 | 1,378 | 0.36 | |||||||||||||||||||||||||||
HELOC | 116,262 | 115,262 | 335 | 292 | 373 | 1,000 | 0.86 | |||||||||||||||||||||||||||
Consumer | 132,686 | 131,642 | 654 | 262 | 128 | 1,044 | 0.79 | |||||||||||||||||||||||||||
Total non-acquired loans | 8,063,364 | 7,947,551 | 19,477 | 26,449 | 69,887 | 115,813 | 1.44 | % | ||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | 11,716 | 11,693 | — | — | 23 | 23 | 0.2 | % | ||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Acquisition & Development | 905 | 905 | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | 2,502 | 2,132 | — | 370 | — | 370 | 14.79 | |||||||||||||||||||||||||||
Multi-Family | 2,999 | 2,999 | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 97,715 | 96,948 | 104 | — | 663 | 767 | 0.78 | |||||||||||||||||||||||||||
Commercial & Industrial | 51,329 | 51,229 | — | 100 | — | 100 | 0.19 | |||||||||||||||||||||||||||
HELOC | 8,056 | 8,056 | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | 5,670 | 4,983 | 22 | 4 | 661 | 687 | 12.12 | |||||||||||||||||||||||||||
Total acquired loans | 180,892 | 178,945 | 126 | 474 | 1,347 | 1,947 | 1.08 | % | ||||||||||||||||||||||||||
Credit-impaired acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | 325 | 325 | — | — | — | — | — | % | ||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Acquisition & Development | 1,581 | 1,581 | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Multi-Family | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 63,713 | 61,713 | 152 | 909 | 939 | 2,000 | 3.14 | |||||||||||||||||||||||||||
Commercial & Industrial | 3,477 | 3,470 | 7 | — | — | 7 | 0.2 | |||||||||||||||||||||||||||
HELOC | 10,138 | 9,641 | — | 75 | 422 | 497 | 4.9 | |||||||||||||||||||||||||||
Consumer | 54 | 54 | — | — | — | — | — | |||||||||||||||||||||||||||
Total credit-impaired acquired loans | 79,288 | 76,784 | 159 | 984 | 1,361 | 2,504 | 3.16 | % | ||||||||||||||||||||||||||
Total loans | $ | 8,323,544 | $ | 8,203,280 | $ | 19,762 | $ | 27,907 | $ | 72,595 | $ | 120,264 | 1.44 | % | ||||||||||||||||||||
Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Bank about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of September 30, 2014, the outstanding balance of TDR's was $374,743,000. Single-family residential loans comprised 86% of restructured loans which is the same as 86% at the prior year end. The Bank reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area. | ||||||||||||||||||||||||||||||||||
The following tables provides information related to loans that were restructured during the period ending: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | |||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Single-Family Residential | 241 | $ | 52,900 | $ | 52,900 | 406 | $ | 105,551 | $ | 105,551 | ||||||||||||||||||||||||
Construction - Speculative | — | — | — | 1 | 2,470 | 2,470 | ||||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Land - Acquisition & Development | 3 | 631 | 631 | 1 | 461 | 461 | ||||||||||||||||||||||||||||
Land - Consumer Lot Loans | 13 | 2,315 | 2,315 | 25 | 3,134 | 3,134 | ||||||||||||||||||||||||||||
Multi-Family | 2 | 1,196 | 1,196 | 1 | 36 | 36 | ||||||||||||||||||||||||||||
Commercial Real Estate | 3 | 2,177 | 2,177 | 15 | 11,523 | 11,523 | ||||||||||||||||||||||||||||
Commercial & Industrial | — | — | — | 1 | 56 | 56 | ||||||||||||||||||||||||||||
HELOC | 2 | 549 | 549 | 1 | 199 | 199 | ||||||||||||||||||||||||||||
Consumer | 3 | 35 | 35 | 2 | 33 | 33 | ||||||||||||||||||||||||||||
267 | $ | 59,803 | $ | 59,803 | 453 | $ | 123,463 | $ | 123,463 | |||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Single-Family Residential | 38 | $ | 7,427 | 78 | $ | 17,120 | ||||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - Acquisition & Development | — | — | — | — | ||||||||||||||||||||||||||||||
Land - Consumer Lot Loans | 8 | 969 | 2 | 237 | ||||||||||||||||||||||||||||||
Multi-Family | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial Real Estate | — | — | 2 | 2,703 | ||||||||||||||||||||||||||||||
Commercial & Industrial | — | — | — | — | ||||||||||||||||||||||||||||||
HELOC | — | — | 1 | 79 | ||||||||||||||||||||||||||||||
Consumer | — | — | — | — | ||||||||||||||||||||||||||||||
46 | $ | 8,396 | 83 | $ | 20,139 | |||||||||||||||||||||||||||||
The excess of cash flows expected to be collected over the initial fair value of acquired impaired loans is referred to as the accretable yield and is accreted into interest income over the estimated life of the acquired loans using the effective yield method. Other adjustments to the accretable yield include changes in the estimated remaining life of the acquired loans, changes in expected cash flows and changes of indices for acquired loans with variable interest rates. | ||||||||||||||||||||||||||||||||||
The following table shows the changes in accretable yield for acquired impaired loans and acquired non-impaired loans for the years ended September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Acquired Impaired | Acquired Non-impaired | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | |||||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | Yield | Amount of | Yield | Amount of | |||||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | $ | 16,928 | $ | 77,613 | $ | — | $ | — | ||||||||||||||||||
Additions | 7,300 | — | — | — | — | 9,865 | 10,804 | 351,335 | ||||||||||||||||||||||||||
Net reclassification from nonaccretable | — | — | — | — | 30,026 | — | — | — | ||||||||||||||||||||||||||
Accretion | (11,945 | ) | 11,945 | (723 | ) | 723 | (9,718 | ) | 9,718 | (5,827 | ) | 5,827 | ||||||||||||||||||||||
Transfers to REO | — | (1,188 | ) | — | (4,710 | ) | — | (3,975 | ) | — | (7,755 | ) | ||||||||||||||||||||||
Payments received, net | — | (22,704 | ) | — | (63,946 | ) | — | (23,503 | ) | — | (104,034 | ) | ||||||||||||||||||||||
Ending Balance | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | ||||||||||||||||||
Additionally, there were $9.9 million in loans acquired during fiscal 2013 as part of the South Valley Bank acquisition for which it was probable at acquisition that all contractually required payments would not be collected. The timing and amount of future cash flows cannot be reasonably estimated; therefore, these loan are accounted for on a cash basis. | ||||||||||||||||||||||||||||||||||
The following table shows loans that were acquired during fiscal 2012 as part of the Western National Bank acquisition and are accounted for under FASB ASC 310-30: | ||||||||||||||||||||||||||||||||||
Western National Bank | ||||||||||||||||||||||||||||||||||
(In thousands) | 16-Dec-11 | |||||||||||||||||||||||||||||||||
Contractually required payments of interest and principal | $ | 171,515 | ||||||||||||||||||||||||||||||||
Nonaccretable difference | (56,440 | ) | ||||||||||||||||||||||||||||||||
Cash flows expected to be collected (1) | 115,075 | |||||||||||||||||||||||||||||||||
Accretable yield | (21,384 | ) | ||||||||||||||||||||||||||||||||
Carrying value of acquired loans | $ | 93,691 | ||||||||||||||||||||||||||||||||
(1) Represents undiscounted expected principal and interest cash flows |
Allowance_for_Losses_on_Loans
Allowance for Losses on Loans | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||
Allowance for Losses on Loans | ' | |||||||||||||||||||||||
Allowance for Losses on Loans | ||||||||||||||||||||||||
The following table summarizes the activity in the allowance for loan losses for the twelve months ended September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 64,184 | $ | (8,529 | ) | $ | 17,684 | $ | (10,576 | ) | $ | 62,763 | ||||||||||||
Construction - speculative | 8,407 | (949 | ) | 97 | (813 | ) | 6,742 | |||||||||||||||||
Construction - custom | 882 | — | — | 813 | 1,695 | |||||||||||||||||||
Land - acquisition & development | 9,165 | (541 | ) | 3,071 | (6,103 | ) | 5,592 | |||||||||||||||||
Land - consumer lot loans | 3,552 | (658 | ) | 22 | 161 | 3,077 | ||||||||||||||||||
Multi-family | 3,816 | — | — | 432 | 4,248 | |||||||||||||||||||
Commercial real estate | 5,595 | (105 | ) | 33 | 2,025 | 7,548 | ||||||||||||||||||
Commercial & industrial | 16,614 | (826 | ) | 5,043 | (4,304 | ) | 16,527 | |||||||||||||||||
HELOC | 1,002 | (48 | ) | — | (26 | ) | 928 | |||||||||||||||||
Consumer | 3,524 | (3,443 | ) | 3,513 | (367 | ) | 3,227 | |||||||||||||||||
$ | 116,741 | $ | (15,099 | ) | $ | 29,463 | $ | (18,758 | ) | $ | 112,347 | |||||||||||||
September 30, 2013 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 81,815 | $ | (20,947 | ) | $ | 9,416 | $ | (6,100 | ) | $ | 64,184 | ||||||||||||
Construction - speculative | 12,060 | (1,446 | ) | 501 | (2,708 | ) | 8,407 | |||||||||||||||||
Construction - custom | 347 | (481 | ) | — | 1,016 | 882 | ||||||||||||||||||
Land - acquisition & development | 15,598 | (3,983 | ) | 4,105 | (6,555 | ) | 9,165 | |||||||||||||||||
Land - consumer lot loans | 4,937 | (1,363 | ) | 40 | (62 | ) | 3,552 | |||||||||||||||||
Multi-family | 5,280 | (1,043 | ) | 171 | (592 | ) | 3,816 | |||||||||||||||||
Commercial real estate | 1,956 | (747 | ) | 17 | 4,369 | 5,595 | ||||||||||||||||||
Commercial & industrial | 7,626 | (1,145 | ) | 95 | 10,038 | 16,614 | ||||||||||||||||||
HELOC | 965 | (163 | ) | — | 200 | 1,002 | ||||||||||||||||||
Consumer | 2,563 | (2,783 | ) | 2,000 | 1,744 | 3,524 | ||||||||||||||||||
$ | 133,147 | $ | (34,101 | ) | $ | 16,345 | $ | 1,350 | $ | 116,741 | ||||||||||||||
The Company recorded a reversal of $15,401,000 of provision for loan losses during the fiscal year ended September 30, 2014, while a $1,350,000 provision was recorded for the year ended September 30, 2013. The credit quality of the portfolio has been improving significantly and economic conditions are more stable. | ||||||||||||||||||||||||
Non-performing assets (“NPAs”) amounted to $147,311,000, or 1.00%, of total assets at September 30, 2014, compared to $213,616,000, or 1.63%, of total assets one year ago. Acquired loans, including covered loans are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. For the year ended September 30, 2014, $42,590,000 in acquired loans were subject to the general allowance as the discount related to these balances is not sufficient to absorb potential losses. There was no additional provision for loan losses recorded on acquired or covered loans during the years ended September 30, 2014 and 2013. Non-accrual loans decreased from $131,299,000 at September 30, 2013, to $87,431,000 at September 30, 2014, a 33.4% decrease. | ||||||||||||||||||||||||
The Company had net recoveries of $14,365,000 for the twelve months ended September 30, 2014, compared with $17,756,000 of net charge-offs for the same period one year ago. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations. | ||||||||||||||||||||||||
At September 30, 2014, $112,287,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $60,000 was made up of specific reserves on loans that were deemed to be impaired. For the year ending September 30, 2013, $113,268,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $3,473,000 was made up of specific reserves on loans that were deemed to be impaired. The primary reasons for the shift in total allowance allocation from specific reserves to general reserves is due to the Bank having already addressed many of the problem loans focused in the speculative construction and land A&D portfolios, combined with an increase in delinquencies and elevated charge-offs in the single-family residential portfolio. | ||||||||||||||||||||||||
The following tables show a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Loans Collectively Evaluated for Impairment | Loans Individually Evaluated for Impairment | ||||||||||||||||||||||
General Reserve | Gross Loans Subject to | Ratio | Specific Reserve | Gross Loans Subject to | Ratio | |||||||||||||||||||
Allocation | General Reserve (1) | Allocation | Specific Reserve (1) | |||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 62,067 | $ | 5,487,331 | 1.1 | % | $ | — | $ | 72,869 | — | % | ||||||||||||
Construction - speculative | 6,682 | 130,901 | 5.5 | 60 | 9,159 | 0.7 | ||||||||||||||||||
Construction - custom | 1,695 | 385,464 | 0.5 | — | 360 | — | ||||||||||||||||||
Land - acquisition & development | 5,592 | 73,999 | 7.6 | — | 3,833 | — | ||||||||||||||||||
Land - consumer lot loans | 3,077 | 95,684 | 3.2 | — | 12,939 | — | ||||||||||||||||||
Multi-family | 4,248 | 911,162 | 0.5 | — | 6,124 | — | ||||||||||||||||||
Commercial real estate | 7,548 | 563,534 | 1.4 | — | 27,802 | — | ||||||||||||||||||
Commercial & industrial | 17,223 | 421,816 | 4.6 | — | — | — | ||||||||||||||||||
HELOC | 928 | 114,393 | 0.9 | — | 1,650 | — | ||||||||||||||||||
Consumer | 3,227 | 132,590 | 2.4 | — | — | — | ||||||||||||||||||
$ | 112,287 | $ | 8,316,874 | 1.4 | % | $ | 60 | $ | 134,736 | — | % | |||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans | |||||||||||||||||||||||
September 30, 2013 | Loans Collectively Evaluated for Impairment | Loans Individually Evaluated for Impairment | ||||||||||||||||||||||
General Reserve | Gross Loans Subject to | Ratio | Specific Reserve | Gross Loans Subject to | Ratio | |||||||||||||||||||
Allocation | General Reserve (1) | Allocation | Specific Reserve (1) | |||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 64,184 | $ | 5,262,159 | 1.2 | % | $ | — | $ | 96,989 | — | % | ||||||||||||
Construction - speculative | 7,307 | 115,554 | 6.3 | 1,100 | 15,224 | 7.2 | ||||||||||||||||||
Construction - custom | 882 | 302,722 | 0.3 | — | — | — | ||||||||||||||||||
Land - acquisition & development | 6,943 | 67,521 | 10.3 | 2,222 | 10,254 | 21.7 | ||||||||||||||||||
Land - consumer lot loans | 3,506 | 107,216 | 3.3 | 46 | 14,455 | 0.3 | ||||||||||||||||||
Multi-family | 3,711 | 824,279 | 0.5 | 105 | 7,405 | 1.4 | ||||||||||||||||||
Commercial real estate | 5,595 | 400,789 | 1.4 | — | 14,172 | — | ||||||||||||||||||
Commercial & industrial | 16,614 | 256,954 | 6.5 | — | 48 | — | ||||||||||||||||||
HELOC | 1,002 | 111,169 | 0.9 | — | 1,017 | — | ||||||||||||||||||
Consumer | 3,524 | 47,141 | 7.5 | — | — | — | ||||||||||||||||||
$ | 113,268 | $ | 7,495,504 | 1.5 | % | $ | 3,473 | $ | 159,564 | 2.2 | % | |||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans | |||||||||||||||||||||||
The Company has an asset quality review function that analyzes the Bank's loan portfolios and reports the results of the review to the Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as follows: | ||||||||||||||||||||||||
• | Pass – the credit does not meet one of the definitions defined below. | |||||||||||||||||||||||
• | Special mention – A special mention credit is considered to be currently protected from loss but is potentially weak. No loss of principal or interest is foreseen; however, proper supervision and Management attention is required to deter further deterioration in the credit. Assets in this category constitute some undue and unwarranted credit risk but not to the point of justifying a risk rating of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset. | |||||||||||||||||||||||
• | Substandard – A substandard credit is an unacceptable credit. Additionally, repayment in the normal course is in jeopardy due to the existence of one or more well defined weaknesses. In these situations, loss of principal is likely if the weakness is not corrected. A substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified will have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets risk rated substandard. | |||||||||||||||||||||||
• | Doubtful – A credit classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The probability of loss is high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. | |||||||||||||||||||||||
• | Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection. | |||||||||||||||||||||||
The following tables provide information on loans based on credit quality indicators (defined above) as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,426,895 | $ | 2,793 | $ | 130,515 | $ | — | $ | — | $ | 5,560,203 | ||||||||||||
Construction - speculative | 134,950 | — | 5,110 | — | — | 140,060 | ||||||||||||||||||
Construction - custom | 385,824 | — | — | — | — | 385,824 | ||||||||||||||||||
Land - acquisition & development | 71,692 | — | 6,140 | — | — | 77,832 | ||||||||||||||||||
Land - consumer lot loans | 108,013 | — | 610 | — | — | 108,623 | ||||||||||||||||||
Multi-family | 912,728 | — | 4,558 | — | — | 917,286 | ||||||||||||||||||
Commercial real estate | 557,914 | 1,971 | 31,451 | — | — | 591,336 | ||||||||||||||||||
Commercial & industrial | 359,221 | 14,740 | 5,265 | — | — | 379,226 | ||||||||||||||||||
HELOC | 115,794 | — | 248 | — | — | 116,042 | ||||||||||||||||||
Consumer | 132,349 | — | 241 | — | — | 132,590 | ||||||||||||||||||
8,205,380 | 19,504 | 184,138 | — | — | 8,409,022 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 11,716 | — | — | — | — | 11,716 | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||
Land - acquisition & development | 503 | — | 402 | — | — | 905 | ||||||||||||||||||
Land - consumer lot loans | 2,507 | — | — | — | — | 2,507 | ||||||||||||||||||
Multi-family | 2,999 | — | — | — | — | 2,999 | ||||||||||||||||||
Commercial real estate | 88,974 | 2,571 | 6,353 | — | — | 97,898 | ||||||||||||||||||
Commercial & industrial | 36,311 | 13,642 | 4,208 | 58 | — | 54,219 | ||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | ||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | ||||||||||||||||||
156,954 | 16,213 | 10,963 | 58 | — | 184,188 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,292 | — | 330 | — | — | 1,622 | ||||||||||||||||||
Pool 2 - Single-family residential | 325 | — | — | — | — | 325 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 10,194 | — | — | — | — | 10,194 | ||||||||||||||||||
Pool 5 - Commercial real estate | 48,878 | 2,143 | 12,702 | — | — | 63,723 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 643 | — | — | — | — | 643 | ||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 13,032 | — | — | 76,507 | ||||||||||||||||||
Total gross loans | $ | 8,423,666 | $ | 37,860 | $ | 208,133 | $ | 58 | $ | — | $ | 8,669,717 | ||||||||||||
Total grade as a % of total gross loans | 97.2 | % | 0.4 | % | 2.4 | % | — | % | — | % | ||||||||||||||
September 30, 2013 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,184,101 | $ | 4,595 | $ | 170,453 | $ | — | $ | — | $ | 5,359,149 | ||||||||||||
Construction - speculative | 99,436 | 3,199 | 28,143 | — | — | 130,778 | ||||||||||||||||||
Construction - custom | 302,722 | — | — | — | — | 302,722 | ||||||||||||||||||
Land - acquisition & development | 64,355 | 775 | 12,645 | — | — | 77,775 | ||||||||||||||||||
Land - consumer lot loans | 121,039 | — | 632 | — | — | 121,671 | ||||||||||||||||||
Multi-family | 819,911 | 2,114 | 9,659 | — | — | 831,684 | ||||||||||||||||||
Commercial real estate | 373,012 | 21,652 | 20,297 | — | — | 414,961 | ||||||||||||||||||
Commercial & industrial | 240,441 | 1,049 | 1,709 | — | — | 243,199 | ||||||||||||||||||
HELOC | 112,186 | — | — | — | — | 112,186 | ||||||||||||||||||
Consumer | 46,720 | — | 421 | — | — | 47,141 | ||||||||||||||||||
7,363,923 | 33,384 | 243,959 | — | — | 7,641,266 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 14,468 | — | — | — | — | 14,468 | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||
Land - acquisition & development | 312 | — | 1,177 | — | — | 1,489 | ||||||||||||||||||
Land - consumer lot loans | 3,313 | — | — | — | — | 3,313 | ||||||||||||||||||
Multi-family | 3,227 | — | 687 | — | — | 3,914 | ||||||||||||||||||
Commercial real estate | 105,055 | 4,190 | 24,178 | — | — | 133,423 | ||||||||||||||||||
Commercial & industrial | 64,933 | 1,309 | 9,084 | — | — | 75,326 | ||||||||||||||||||
HELOC | 10,179 | — | — | — | — | 10,179 | ||||||||||||||||||
Consumer | 8,267 | — | — | — | — | 8,267 | ||||||||||||||||||
209,754 | 5,499 | 35,126 | — | — | 250,379 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 980 | 461 | 955 | — | — | 2,396 | ||||||||||||||||||
Pool 2 - Single-family residential | 333 | — | — | — | — | 333 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 11,337 | — | — | — | — | 11,337 | ||||||||||||||||||
Pool 5 - Commercial real estate | 52,509 | 3,155 | 21,245 | — | — | 76,909 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 881 | — | 7,044 | — | — | 7,925 | ||||||||||||||||||
Total credit impaired acquired loans | 66,040 | 3,616 | 29,244 | — | — | 98,900 | ||||||||||||||||||
Total gross loans | $ | 7,639,717 | $ | 42,499 | $ | 308,329 | $ | — | $ | — | $ | 7,990,545 | ||||||||||||
Total grade as a % of total gross loans | 95.6 | % | 0.5 | % | 3.9 | % | — | % | — | % | ||||||||||||||
The following tables provide information on non-acquired loans based on payment activity as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 5,486,136 | 98.7 | % | $ | 74,067 | 1.3 | % | ||||||||||||||||
Construction - speculative | 138,583 | 98.9 | 1,477 | 1.1 | ||||||||||||||||||||
Construction - custom | 385,824 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 77,021 | 99 | 811 | 1 | ||||||||||||||||||||
Land - consumer lot loans | 105,986 | 97.6 | 2,637 | 2.4 | ||||||||||||||||||||
Multi-family | 915,544 | 99.8 | 1,742 | 0.2 | ||||||||||||||||||||
Commercial real estate | 586,230 | 99.1 | 5,106 | 0.9 | ||||||||||||||||||||
Commercial & industrial | 379,219 | 100 | 7 | — | ||||||||||||||||||||
HELOC | 115,247 | 99.3 | 795 | 0.7 | ||||||||||||||||||||
Consumer | 131,801 | 99.4 | 789 | 0.6 | ||||||||||||||||||||
$ | 8,321,591 | 99 | % | $ | 87,431 | 1 | % | |||||||||||||||||
September 30, 2013 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 5,258,688 | 98.1 | % | $ | 100,460 | 1.9 | % | ||||||||||||||||
Construction - speculative | 126,218 | 96.5 | 4,560 | 3.5 | ||||||||||||||||||||
Construction - custom | 302,722 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 74,872 | 96.3 | 2,903 | 3.7 | ||||||||||||||||||||
Land - consumer lot loans | 118,334 | 97.3 | 3,337 | 2.7 | ||||||||||||||||||||
Multi-family | 825,111 | 99.2 | 6,573 | 0.8 | ||||||||||||||||||||
Commercial real estate | 389,423 | 97.1 | 11,736 | 2.9 | ||||||||||||||||||||
Commercial & industrial | 256,525 | 99.8 | 477 | 0.2 | ||||||||||||||||||||
HELOC | 111,923 | 99.8 | 263 | 0.2 | ||||||||||||||||||||
Consumer | 46,151 | 97.9 | 990 | 2.1 | ||||||||||||||||||||
$ | 7,509,967 | 98.3 | % | $ | 131,299 | 1.7 | % | |||||||||||||||||
The following tables provide information on impaired loans based on loan types as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Recorded | Unpaid | Related | Average | ||||||||||||||||||||
Investment | Principal | Allowance | Recorded | |||||||||||||||||||||
Balance | Investment | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 24,044 | $ | 26,628 | $ | — | $ | 16,843 | ||||||||||||||||
Construction - speculative | 1,603 | 2,173 | — | 1,804 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 837 | 2,325 | — | 1,038 | ||||||||||||||||||||
Land - consumer lot loans | 974 | 1,072 | — | 713 | ||||||||||||||||||||
Multi-family | 1,111 | 1,111 | — | 327 | ||||||||||||||||||||
Commercial real estate | 13,234 | 20,085 | — | 11,720 | ||||||||||||||||||||
Commercial & industrial | 3,195 | 17,166 | — | 3,900 | ||||||||||||||||||||
HELOC | 1,019 | 1,730 | — | 612 | ||||||||||||||||||||
Consumer | 663 | 833 | — | 517 | ||||||||||||||||||||
46,680 | 73,123 | — | 37,474 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 322,320 | 327,869 | 10,527 | 316,348 | ||||||||||||||||||||
Construction - speculative | 7,556 | 7,986 | 60 | 7,532 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 4,696 | 5,636 | — | 4,114 | ||||||||||||||||||||
Land - consumer lot loans | 13,002 | 13,385 | — | 12,858 | ||||||||||||||||||||
Multi-family | 5,243 | 5,463 | — | 4,957 | ||||||||||||||||||||
Commercial real estate | 34,159 | 35,028 | — | 18,572 | ||||||||||||||||||||
Commercial & industrial | — | — | — | — | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,204 | ||||||||||||||||||||
Consumer | 43 | 214 | — | 79 | ||||||||||||||||||||
388,505 | 397,067 | 10,587 | 365,664 | |||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 346,364 | 354,497 | 10,527 | 333,191 | ||||||||||||||||||||
Construction - speculative | 9,159 | 10,159 | 60 | 9,336 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 5,533 | 7,961 | — | 5,152 | ||||||||||||||||||||
Land - consumer lot loans | 13,976 | 14,457 | — | 13,571 | ||||||||||||||||||||
Multi-family | 6,354 | 6,574 | — | 5,284 | ||||||||||||||||||||
Commercial real estate | 47,393 | 55,113 | — | 30,292 | ||||||||||||||||||||
Commercial & industrial | 3,195 | 17,166 | — | 3,900 | ||||||||||||||||||||
HELOC | 2,505 | 3,216 | — | 1,816 | ||||||||||||||||||||
Consumer | 706 | 1,047 | — | 596 | ||||||||||||||||||||
$ | 435,185 | $ | 470,190 | $ | 10,587 | $ | 403,138 | |||||||||||||||||
____________________ | ||||||||||||||||||||||||
-1 | Includes $60,000 of specific reserves and $10,527,000 included in the general reserves. | |||||||||||||||||||||||
September 30, 2013 | Recorded | Unpaid | Related | Average | ||||||||||||||||||||
Investment | Principal | Allowance | Recorded | |||||||||||||||||||||
Balance | Investment | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 33,883 | $ | 38,928 | $ | — | $ | 21,458 | ||||||||||||||||
Construction - speculative | 3,891 | 4,099 | — | 3,339 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 3,020 | 10,705 | — | 2,548 | ||||||||||||||||||||
Land - consumer lot loans | 3,186 | 3,376 | — | 1,839 | ||||||||||||||||||||
Multi-family | 4,929 | 4,929 | — | 1,734 | ||||||||||||||||||||
Commercial real estate | 23,537 | 31,876 | — | 9,651 | ||||||||||||||||||||
Commercial & industrial | 7,279 | 31,197 | — | 3,123 | ||||||||||||||||||||
HELOC | 446 | 946 | — | 133 | ||||||||||||||||||||
Consumer | 601 | 618 | — | 127 | ||||||||||||||||||||
80,772 | 126,674 | — | 43,952 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 335,140 | 341,910 | 15,137 | 330,407 | ||||||||||||||||||||
Construction - speculative | 8,892 | 9,342 | 1,100 | 12,362 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 2,598 | 4,002 | — | 8,315 | ||||||||||||||||||||
Land - consumer lot loans | 12,631 | 13,014 | 2,222 | 12,301 | ||||||||||||||||||||
Multi-family | 5,958 | 6,178 | 46 | 7,731 | ||||||||||||||||||||
Commercial real estate | 7,539 | 8,476 | 105 | 9,321 | ||||||||||||||||||||
Commercial & industrial | 56 | 56 | — | 11 | ||||||||||||||||||||
HELOC | 938 | 938 | — | 858 | ||||||||||||||||||||
Consumer | 33 | 33 | — | 9 | ||||||||||||||||||||
373,785 | 383,949 | 18,610 | -1 | 381,315 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 369,023 | 380,838 | 15,137 | 351,865 | ||||||||||||||||||||
Construction - speculative | 12,783 | 13,441 | 1,100 | 15,701 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 5,618 | 14,707 | — | 10,863 | ||||||||||||||||||||
Land - consumer lot loans | 15,817 | 16,390 | 2,222 | 14,140 | ||||||||||||||||||||
Multi-family | 10,887 | 11,107 | 46 | 9,465 | ||||||||||||||||||||
Commercial real estate | 31,076 | 40,352 | 105 | 18,972 | ||||||||||||||||||||
Commercial & industrial | 7,335 | 31,253 | — | 3,134 | ||||||||||||||||||||
HELOC | 1,384 | 1,884 | — | 991 | ||||||||||||||||||||
Consumer | 634 | 651 | — | 136 | ||||||||||||||||||||
$ | 454,557 | $ | 510,623 | $ | 18,610 | -1 | $ | 425,267 | ||||||||||||||||
____________________ | ||||||||||||||||||||||||
-1 | Includes $3,473,000 of specific reserves and $15,137,000 included in the general reserves. |
Interest_Receivable
Interest Receivable | 12 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Receivables [Abstract] | ' | ||||||
Interest Receivable | ' | ||||||
INTEREST RECEIVABLE | |||||||
September 30, | 2014 | 2013 | |||||
(In thousands) | |||||||
Loans receivable | $ | 40,986 | $ | 41,043 | |||
Mortgage-backed securities | 7,427 | 6,428 | |||||
Investment securities | 3,624 | 1,747 | |||||
$ | 52,037 | $ | 49,218 | ||||
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
PREMISES AND EQUIPMENT | |||||||||
September 30, | 2014 | 2013 | |||||||
Estimated | (In thousands) | ||||||||
Useful Life | |||||||||
Land | — | $ | 113,353 | $ | 92,560 | ||||
Buildings | 25 - 40 | 143,627 | 132,822 | ||||||
Leasehold improvements | 7 - 15 | 8,547 | 8,411 | ||||||
Capitalized software | 5 | 11,557 | — | ||||||
Furniture, fixtures and equipment | 2 - 10 | 53,597 | 36,798 | ||||||
330,681 | 270,591 | ||||||||
Less accumulated depreciation and amortization | (73,138 | ) | (64,419 | ) | |||||
$ | 257,543 | $ | 206,172 | ||||||
The Bank has non-cancelable operating leases for branch offices. Future minimum net rental commitments for all non-cancelable leases, including maintenance and associated costs, were as follows: $6,221,000 for 2015, $4,179,000 for 2016, $3,154,000 for 2017, $2,593,000 for 2018 and $12,281,000 thereafter. | |||||||||
Rental expense, including amounts paid under month-to-month cancelable leases, amounted to $6,600,000, $4,680,000 and $3,825,000 in 2014, 2013 and 2012, respectively. |
Customer_Accounts
Customer Accounts | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Banking and Thrift [Abstract] | ' | |||||||||
Customer Accounts | ' | |||||||||
CUSTOMER ACCOUNTS | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Checking accounts, .15% and under | $ | 2,331,170 | $ | 1,247,885 | ||||||
Passbook and statement accounts, .20% and under | 622,546 | 404,937 | ||||||||
Insured money market accounts, .01% to .30% | 2,536,971 | 1,888,020 | ||||||||
Certificate accounts | ||||||||||
Less than 2.00% | 4,524,158 | 4,716,427 | ||||||||
2.00% to 2.99% | 602,683 | 631,256 | ||||||||
3.00% to 3.99% | 98,610 | 175,549 | ||||||||
4.00% to 4.99% | 146 | 25,335 | ||||||||
5.00% to 5.99% | 644 | 862 | ||||||||
Total certificates | 5,226,241 | 5,549,429 | ||||||||
$ | 10,716,928 | $ | 9,090,271 | |||||||
Certificate maturities are as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Within 1 year | $ | 3,147,172 | $ | 3,642,142 | ||||||
1 to 2 years | 999,090 | 789,037 | ||||||||
2 to 3 years | 659,867 | 406,960 | ||||||||
Over 3 years | 420,112 | 711,290 | ||||||||
$ | 5,226,241 | $ | 5,549,429 | |||||||
Customer accounts over $250,000 totaled $1,887,216,000 as of September 30, 2014 and $1,336,054,000 as of September 30, 2013. | ||||||||||
Interest expense on customer accounts consisted of the following: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Checking accounts | $ | 1,259 | $ | 936 | $ | 857 | ||||
Passbook and statement accounts | 607 | 566 | 574 | |||||||
Insured money market accounts | 4,574 | 4,280 | 4,609 | |||||||
Certificate accounts | 52,636 | 62,669 | 81,506 | |||||||
59,076 | 68,451 | 87,546 | ||||||||
Less early withdrawal penalties | (552 | ) | (548 | ) | (607 | ) | ||||
$ | 58,524 | $ | 67,903 | $ | 86,939 | |||||
Weighted average interest rate at end of year | 0.51 | % | 0.69 | % | 0.9 | % | ||||
Weighted daily average interest rate during the year | 0.57 | % | 0.75 | % | 0.99 | % |
FHLB_Advances_and_Other_Borrow
FHLB Advances and Other Borrowings | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Banking and Thrift [Abstract] | ' | |||||||||
FHLB Advances and Other Borrowings | ' | |||||||||
FHLB ADVANCES AND OTHER BORROWINGS | ||||||||||
Maturity dates of FHLB advances were as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
FHLB advances | ||||||||||
Within 1 year | 100,000 | — | ||||||||
1 to 3 years | 700,000 | 350,000 | ||||||||
4 to 5 years | 730,000 | 850,000 | ||||||||
More than 5 years | 400,000 | 730,000 | ||||||||
$ | 1,930,000 | $ | 1,930,000 | |||||||
$0 of the 2014 advances and $175,000,000 of the 2013 advances included in the above table are callable by the FHLB. If these callable advances were to be called at the earliest call dates, the maturities of all FHLB advances would be as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
FHLB advances | ||||||||||
Within 1 year | $ | 100,000 | $ | 175,000 | ||||||
1 to 3 years | 700,000 | 350,000 | ||||||||
4 to 5 years | 730,000 | 775,000 | ||||||||
More than 5 years | 400,000 | 630,000 | ||||||||
$ | 1,930,000 | $ | 1,930,000 | |||||||
Financial data pertaining to the weighted-average cost and the amount of FHLB advances were as follows: | ||||||||||
September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Weighted average interest rate at end of year | 3.52 | % | 3.52 | % | 3.6 | % | ||||
Weighted daily average interest rate during the year | 3.49 | % | 3.57 | % | 4.14 | % | ||||
Daily average of FHLB advances | $ | 1,955,205 | $ | 1,905,479 | $ | 1,949,019 | ||||
Maximum amount of FHLB advances at any month end | 2,205,000 | 1,930,000 | 1,961,895 | |||||||
Interest expense during the year (excludes interest rate swap expense) | 68,307 | 68,075 | 80,617 | |||||||
FHLB advances are collateralized as provided for in the Advances, Security and Deposit Agreement by all FHLB stock owned by the Bank, deposits with the FHLB and certain mortgages or deeds of trust securing such properties as provided in the agreements with the FHLB. As a member of the FHLB of Seattle, the Bank currently has a credit line of 50% of the total assets of the Bank, subject to collateralization requirements. | ||||||||||
As of September 30, 2014 and 2013, respectively, there were no reverse repurchase agreements or other borrowings. | ||||||||||
The Bank has historically entered into sales of reverse repurchase agreements. Fixed-coupon reverse repurchase agreements have been treated as financings, and the obligations to repurchase securities sold have been reflected as a liability in the consolidated statements of financial condition. | ||||||||||
Financial data pertaining to the weighted-average cost and the amount of securities sold under agreements to repurchase in 2012 were as follows: | ||||||||||
September 30, | 2014 | 2013 | 2012 | |||||||
($ in thousands) | ||||||||||
Weighted average interest rate at end of year | — | % | — | % | — | % | ||||
Weighted daily average interest rate during the year | — | % | — | % | 3.71 | % | ||||
Daily average of securities sold under agreements to repurchase | $ | — | $ | — | $ | 692,896 | ||||
Maximum securities sold under agreements to repurchase at any month end | $ | — | $ | — | $ | 800,000 | ||||
Interest expense during the year | $ | — | $ | — | $ | 25,693 | ||||
Derivatives_and_Hedging_Activi
Derivatives and Hedging Activities Derivatives and Hedging Activities | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Derivatives and Hedging Activities | ' | ||||||||||||||||||||||||
DERIVATIVES AND HEDGING ACTIVITIES | |||||||||||||||||||||||||
The Bank periodically enters into certain interest rate swap agreements in order to provide commercial loan customers the ability to convert their obligations from variable to fixed interest rates. Under these agreements, the Bank enters into a variable-rate loan agreement with a customer in addition to a swap agreement, and then enters into a corresponding swap agreement with a third party in order to offset its exposure on the customer swap agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under FASB ASC 815, Derivatives and Hedging, the instruments are marked to market in earnings. | |||||||||||||||||||||||||
The Bank has also entered into forward-starting interest rate swaps to convert future short-term borrowings to fixed rate payments. The primary purpose of this hedge is to avoid interest rate risk. More specifically, to avoid the interest rate risk of rising LIBOR rates which are a benchmark for the short term borrowings. These interest rate swaps qualify as hedging instruments under FASB ASC 815 which provides for matching of the recognition of gains and losses of the interest rate swaps and the hedged items. The hedged item is the LIBOR portion of the series of future short-term fixed rate borrowings over the term of the interest rate swap. Prior to the starting date, the change in the fair value of the interest rate swap will be recorded in Other Comprehensive Income. | |||||||||||||||||||||||||
The notional amount of open interest rate swap agreements at September 30, 2014 was $464,169,000. This included $264,169,000 in interest rate swaps in the customer derivatives program. There was no net impact on income due to changes in fair value for the 12 months ended September 30, 2014 for these interest rate swaps as the changes in value for the asset swap and the liability swap offset each other. The fee income related to these swaps was $920,705 for 2014 and $552,609 for 2013. This amount is included in miscellaneous loan fees. | |||||||||||||||||||||||||
Additionally, the Bank had $200,000,000 in forward starting interest rate swaps to hedge future borrowing rates. Their impact on other comprehensive income as of September 30, 2014 was a loss of $170,000. | |||||||||||||||||||||||||
The Bank periodically enters into forward contracts to purchase mortgage-backed securities as part of its interest rate risk management program. The notional amount of commitments to purchase mortgage-backed securities was $0 as of September 30, 2014 and it was $200,000,000 at September 30, 2013. The fair value of these contracts is included with the available-for-sale securities on the statement of financial condition. | |||||||||||||||||||||||||
The following table presents the fair value and balance sheet classification of derivatives at September 30, 2014 and September 30, 2013: | |||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | ||||||||||||||||||||||
(In thousands) | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | |||||||||||||||||
Interest rate contracts | Other assets | $ | 2,879 | Other assets | $ | 7 | Other liabilities | $ | 2,879 | Other liabilities | $ | 7 | |||||||||||||
Commitments to purchase MBS | AFS securities | — | AFS securities | 3,188 | N/A | — | N/A | N/A | |||||||||||||||||
Derivatives at fair value are priced using model pricing based on their relationship to other benchmark quoted prices as provided by an independent third party and under the provisions of FASB ASC 820, Fair Value Measurement, are considered a Level 2 input method. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Income Taxes | ' | |||||||||
INCOME TAXES | ||||||||||
The Consolidated Statements of Financial Condition at September 30, 2014 and 2013 includes net deferred tax assets (liabilities) of $2,448,000 and $22,554,000, respectively, that have been provided for the temporary differences between the tax basis and the financial statement carrying amounts of liabilities and assets. The major sources of these temporary differences and their deferred tax effects were as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Deferred tax assets | ||||||||||
Loan loss reserves | $ | 48,505 | $ | 52,182 | ||||||
REO reserves | 13,680 | 18,018 | ||||||||
Asset Purchase Tax Basis Difference (net) | 8,812 | 20,008 | ||||||||
Delinquent accrued interest | 4,767 | 6,536 | ||||||||
Other, net | 6,549 | 3,810 | ||||||||
Total deferred tax assets | 82,313 | 100,554 | ||||||||
Deferred tax liabilities | ||||||||||
FDIC indemnification asset | — | 8,033 | ||||||||
Federal Home Loan Bank stock dividends | 32,810 | 34,367 | ||||||||
Valuation adjustment on available-for-sale securities | 12,032 | 3,706 | ||||||||
Loan origination costs | 13,002 | 11,980 | ||||||||
Depreciation | 22,021 | 19,722 | ||||||||
Core deposit intangible | — | 192 | ||||||||
Total deferred tax liabilities | 79,865 | 78,000 | ||||||||
Net deferred tax asset | 2,448 | 22,554 | ||||||||
Current tax asset | 14,067 | 21,446 | ||||||||
Net tax asset | $ | 16,515 | $ | 44,000 | ||||||
A reconciliation of the statutory federal income tax rate to the effective income tax rate follows: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
Statutory income tax rate | 35 | % | 35 | % | 35 | % | ||||
State income tax | 2 | 2 | 2 | |||||||
Other differences | (1 | ) | (2 | ) | (1 | ) | ||||
Effective income tax rate | 36 | % | 35 | % | 36 | % | ||||
Income taxes (benefit) are summarized as follows: | ||||||||||
2014 | 2013 | 2012 | ||||||||
(In thousands) | ||||||||||
Federal: | ||||||||||
Current | $ | 70,797 | $ | 66,756 | $ | 57,047 | ||||
Deferred | 10,591 | 10,355 | 15,589 | |||||||
81,388 | 77,111 | 72,636 | ||||||||
State: | ||||||||||
Current | $ | 4,987 | $ | 5,213 | $ | 4,091 | ||||
Deferred | 1,189 | 787 | 1,001 | |||||||
6,176 | 6,000 | 5,092 | ||||||||
Total | ||||||||||
Current | 75,784 | 71,969 | 61,138 | |||||||
Deferred | 11,780 | 11,142 | 16,590 | |||||||
$ | 87,564 | $ | 83,111 | $ | 77,728 | |||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||
2014 | 2013 | |||||||||
(In thousands) | ||||||||||
Balance at October 1, | $ | 115 | $ | 4,509 | ||||||
Tax positions related to current year: | ||||||||||
Additions | — | — | ||||||||
Reductions | — | — | ||||||||
Tax positions related to prior years: | ||||||||||
Additions | 32 | 234 | ||||||||
Reductions | — | (1,293 | ) | |||||||
Settlements with taxing authorities | — | (302 | ) | |||||||
Lapses in statues of limitations | (35 | ) | (3,033 | ) | ||||||
Balance at September 30, | $ | 112 | $ | 115 | ||||||
Based on current information the Company does not expect that changes in the amount of unrecognized tax benefits over the next twelve months will have a significant impact on the results of operations or the financial position of the Company. As of 2014 and 2013, the Company's liability for uncertain tax positions was $100,000 and $103,000, respectively. Included in the balance of unrecognized tax benefits at 2014, are $100,000 of tax benefits that, if recognized, would affect the effective tax rate. The Company records interest and penalties related to uncertain tax positions in income tax expense. As of 2014 and 2013, there were approximately $12,000 and $12,000, respectively, of accrued interest and no accrued penalties. | ||||||||||
The Company's federal income tax returns are open for the tax years 2011 through 2014. The Internal Revenue Service is in the process of conducting an examination of the Company through the year ended September 30, 2012. Management does not expect the results of this examination to have a material impact on the Company's consolidated financial statements. The Company has been examined by the Internal Revenue Service through the year ended September 30, 1990. There were no material changes made to the Company's originally reported taxable income as a result of this examination. | ||||||||||
State income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. The state impact of any federal changes remains subject to examination by various states for a period of up to two years after formal notification to the states. The Company's unrecognized tax benefits are related to state tax returns open from 2011 through 2014. |
401k_and_Employee_Stock_Owners
401(k) and Employee Stock Ownership Plan | 12 Months Ended |
Sep. 30, 2014 | |
Compensation and Retirement Disclosure [Abstract] | ' |
401(k) and Employee Stock Ownership Plan | ' |
401(k) AND EMPLOYEE STOCK OWNERSHIP PLAN | |
The Company maintains a 401(k) and Employee Stock Ownership Plan (the "Plan") for the benefit of its employees. Company contributions are made semi-annually as approved by the Board of Directors. Such amounts are not in excess of amounts permitted by the Employee Retirement Income Security Act of 1974. | |
Plan participants may make voluntary after-tax contributions of their considered earnings as defined by the Plan. In addition, participants may make pre-tax contributions up to the statutory limits through the 401(k) provisions of the Plan. The annual addition from contributions to an individual participant's account in this Plan cannot exceed the lesser of 100% of base salary or $52,000. Under provisions of the Plan, employees are eligible to participate on the date of hire and become fully vested in the Company's contributions following six years of service. | |
Effective January 1, 2014, the Company added a guaranteed safe harbor matching contribution component to the plan equal to 100% of the first 4% of compensation that employee's contribute to their account. In addition to the new match being guaranteed, all safe harbor matching contributions are immediately vested. The new match is not subject to the 6 year vesting schedule of the current profit sharing contribution. This provides plan participants more investment flexibility. The Company anticipates that all eligible employees, regardless of personal plan participation, will continue to receive an annual profit sharing contribution from the Company, now capped at 7% of eligible compensation with this change. | |
Company contributions to the Plan amounted to $7,314,000, $5,870,000 and $5,400,000 for the years ended 2014, 2013 and 2012, respectively. |
Stock_Award_Plans
Stock Award Plans | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||
Stock Award Plans | ' | |||||||||
STOCK AWARD PLANS | ||||||||||
The Company has one equity-based compensation plan which was approved by stockholders and provides for a combination of stock options and stock grants. Stockholders authorized 5,000,000 shares of common stock to be reserved pursuant to the 2011 Incentive Plan. Under the Plan, 4,125,600 shares remain available for issuance. | ||||||||||
During 2014 and 2013, there were no stock options granted. Stock grants were made instead. When applicable, stock options are granted with an exercise price equal to the market price of the Company's stock at the date of grant; those option awards generally vest based on 5 years of continuous service and have 10-year contractual terms. The Company's policy is to issue new shares upon option exercises. The fair value of options granted is estimated on the date of grant using the Black-Scholes option-pricing model. This model requires input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Expected volatility is based on the historical volatility of the Company's stock. The risk-free interest rate is based on the U.S. Treasury yield curve that is in effect at the time of grant with a remaining term equal to the options' expected life. The expected term represents the period of time that options granted are expected to be outstanding. | ||||||||||
Stock Option Awards: | ||||||||||
The following weighted-average assumptions were used to estimate the fair value of stock options granted during the periods indicated: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
Annual dividend yield | — | % | — | % | 2.34 | % | ||||
Expected volatility | — | % | — | % | 31 | % | ||||
Risk-free interest rate | — | % | — | % | 0.77 | % | ||||
Expected life | 0.0 years | 0.0 years | 4.5 years | |||||||
A summary of stock option activity under the Plan as of 2014 and changes during the year is as follows: | ||||||||||
Options | Shares | Weighted | Weighted | Aggregate | ||||||
Average | Average | Intrinsic | ||||||||
Exercise | Remaining | Value | ||||||||
Price | Contractual | (In thousands) | ||||||||
Term | ||||||||||
Outstanding at September 30, 2013 | 1,903,578 | $ | 20.93 | 4 | $2,563 | |||||
Granted | — | — | ||||||||
Exercised | (500,504 | ) | 20.3 | |||||||
Forfeited | (154,065 | ) | 21.43 | |||||||
Outstanding at September 30, 2014 | 1,249,009 | $ | 21.11 | 4 | $ | 1,859 | ||||
Exercisable at September 30, 2014 | 1,103,214 | $ | 21.66 | 3 | $ | 1,363 | ||||
Miscellaneous information related to stock options is presented below: | ||||||||||
2014 | 2013 | 2012 | ||||||||
(Dollars in thousands) | ||||||||||
Compensation cost for stock options | $ | 324 | $ | 473 | $ | 848 | ||||
Weighted avg. grant date FV | 2.95 | 3.24 | 3.53 | |||||||
Total intrinsic value of options exercised | 1,136 | 781 | 125 | |||||||
Grant date FV of options exercised | 1,962 | 791 | 54 | |||||||
Cash received from option exercises | 10,142 | 4,261 | 357 | |||||||
Tax benefit realized for option exercises | 159 | 53 | — | |||||||
A summary of the Company's non-vested stock options as of 2014 and changes during the year is as follows: | ||||||||||
Non-vested Options | Shares | Weighted | ||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Outstanding at September 30, 2013 | 287,750 | $ | 3.44 | |||||||
Granted | — | — | ||||||||
Vested | (119,520 | ) | 2.88 | |||||||
Forfeited | (22,435 | ) | 3.63 | |||||||
Outstanding at September 30, 2014 | 145,795 | $ | 3.87 | |||||||
As of September 30, 2014, unrecognized compensation cost for stock options, net of forfeitures, totaled $357,218, which is expected to be recognized over a weighted average remaining period of 1.4 years. | ||||||||||
Stock Grant Awards: | ||||||||||
The Company also grants shares of restricted stock pursuant to its 2011 Incentive Plan. These shares of restricted stock vest over a period of one to seven years. The Company had a total of 1,061,435 shares of restricted stock issued as of September 30, 2014, with a fair market value at the date of grant of $20.1 million. At the prior year end, the Company had a total of 834,935 shares issued with a fair market value at the date of grant of $14.2 million. | ||||||||||
A summary of the Company's non-vested share awards as of 2014 and changes during the year is as follows: | ||||||||||
Non-vested Stock Grant Awards | Shares | Weighted | ||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Outstanding at September 30, 2013 | 209,667 | |||||||||
Granted | 232,000 | |||||||||
Vested | (162,717 | ) | ||||||||
Forfeited | (39,883 | ) | ||||||||
Outstanding at September 30, 2014 | 239,067 | $ | 20.37 | |||||||
The Company accounts for restricted stock grants by recording the fair value of the grant to compensation expense over the vesting period. Compensation expense related to restricted stock was $3,085,081, $2,815,049 and $1,992,000 for the years ended 2014, 2013 and 2012, respectively. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Stockholders' Equity | ' | |||||||||||
STOCKHOLDERS' EQUITY | ||||||||||||
The Company and the Bank are subject to various regulatory capital requirements. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk weighted assets (as defined in the regulations) and Tier 1 capital to average assets (as defined in the regulations). Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary action by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. The Company and the Bank are also subject to certain restrictions on the amount of dividends that they may declare without prior regulatory approval. | ||||||||||||
As of September 30, 2014 and 2013, the Company and the Bank met all capital adequacy requirements to which they are subject, and the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table. The Bank's actual capital amounts and ratios as of these dates are also presented. There are no conditions or events since that management believes have changed the Bank's categorization. | ||||||||||||
Actual | Capital Adequacy | Categorized as Well Capitalized Under Prompt Corrective Action Provisions | ||||||||||
Guidelines | ||||||||||||
Capital | Ratio | Capital | Ratio | Capital | Ratio | |||||||
As of September 30, 2014 | (In thousands) | |||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,739,658 | 23.97 | % | $580,671 | 8 | % | NA | NA | |||
The Bank | $ | 1,750,179 | 24.11 | % | $580,772 | 8 | % | $725,965 | 10 | % | ||
Tier I Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,648,199 | 22.71 | % | $290,335 | 4 | % | NA | NA | |||
The Bank | $ | 1,658,704 | 22.85 | % | $290,386 | 4 | % | $435,579 | 6 | % | ||
Tier 1 Capital (to average assets) | ||||||||||||
The Company | $ | 1,648,199 | 11.39 | % | $578,804 | 4 | % | NA | NA | |||
The Bank | $ | 1,658,704 | 11.46 | % | $578,816 | 4 | % | $723,520 | 5 | % | ||
As of September 30, 2013 | ||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,749,383 | 26.49 | % | $528,243 | 8 | % | NA | NA | |||
The Bank | $ | 1,693,227 | 25.64 | % | $528,380 | 8 | % | $660,475 | 10 | % | ||
Tier I Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,666,091 | 25.23 | % | $264,121 | 4 | % | NA | NA | |||
The Bank | $ | 1,609,914 | 24.38 | % | $264,190 | 4 | % | $396,285 | 6 | % | ||
Tier 1 Capital (to average assets) | ||||||||||||
The Company | $ | 1,666,091 | 13.03 | % | $511,334 | 4 | % | NA | NA | |||
The Bank | $ | 1,609,914 | 12.59 | % | $511,358 | 4 | % | $639,197 | 5 | % | ||
At periodic intervals, the Federal Reserve, the OCC and the FDIC routinely examine the Company's and the Bank's financial statements as part of their oversight. Based on their examinations, these regulators can direct that the Company's or Bank's financial statements be adjusted in accordance with their findings. The extent to which forthcoming regulatory examinations may result in adjustments to the financial statements cannot be determined; however, no adjustments were proposed as a result of the most recent examination which concluded in July, 2014. | ||||||||||||
The Federal Reserve and the OCC approved final capital rules in July 2013 that substantially amend the existing capital rules for bank holding companies and banks. These new rules reflect, in part, certain standards initially adopted by the Basel Committee on Banking Supervision in December 2010 (which standards are commonly referred to as “Basel III”) as well as requirements contemplated by the Dodd-Frank Act. The Company and the Bank are generally required to begin compliance with the new capital rules on January 1, 2015. | ||||||||||||
Under the new capital rules, both the Company and the Bank are ultimately required to meet certain minimum capital requirements. The rules implement a new capital ratio of common equity Tier 1 capital to risk based assets. Both the Company and the Bank are required to have a common equity Tier 1 capital ratio of 4.5%. In addition, both the Company and the Bank are required to have a Tier 1 leverage ratio of 4.0%, a Tier 1 risk-based ratio of 6.0% and a total risk-based ratio of 8.0%. Both the Company and the Bank are required to establish a “conservation buffer”, consisting of common equity Tier 1 capital, equal to 2.5%. An institution that does not meet the conservation buffer will be subject to restrictions on certain activities including payment of dividends, stock repurchases and discretionary bonuses to executive officers. The prompt corrective action rules, which apply to the Bank but not the Company, are modified to include a common equity Tier 1 risk-based ratio and to increase certain other capital requirements for the various thresholds. For example, the requirements for the Bank to be considered well-capitalized under the rules are a 5.0% Tier 1 leverage ratio, a 6.5% common equity Tier 1 risk-based ratio, an 8.0% Tier 1 risk-based capital ratio and a 10.0% total risk-based capital ratio. | ||||||||||||
These rules are further described in the 10-K report under "Washington Federal, National Association (Bank) - Regulatory Capital Requirements". Both the Company and the Bank have more than enough capital to readily meet these new guidelines. | ||||||||||||
The Company paid its 127th consecutive quarterly cash dividend on October 17, 2014 to common stockholders of record on October 3, 2014. The Company and the Bank are subject to restrictions on paying dividends that are further described in the 10-K report under "The Company - Restrictions on Company Dividends" and "Washington Federal, National Association (Bank) - Restrictions on Dividends". | ||||||||||||
The Company has an ongoing stock repurchase program. 4,830,400 shares were repurchased during 2014 at a weighted average cost of $21.59. In 2013, 6,315,196 shares were repurchased during the year at a weighted average price of $17.46. As of September 30, 2014, Management had authorization from the Board of Directors to repurchase up to 5,035,834 additional shares. | ||||||||||||
In connection with the 2008 Troubled Asset Relief Program ("TARP") the Company issued 1,707,456 warrants to purchase common stock at an exercise price of $17.57. As of September 30, 2014, 1,700,856 warrants remained outstanding with an expiration date of November 14, 2018. The warrants have been included in the calculation of diluted shares outstanding using the treasury stock method. | ||||||||||||
The following table sets forth information regarding earnings per share calculations: | ||||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||||
Average shares outstanding | 101,154,030 | 104,684,812 | 107,108,703 | |||||||||
Average dilutive warrants | 352,171 | 100,211 | — | |||||||||
Average dilutive options | 84,150 | 52,447 | 40,537 | |||||||||
Average diluted shares | 101,590,351 | 104,837,470 | 107,149,240 | |||||||||
Net income (In thousands) | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||||
Basic EPS | $ | 1.56 | $ | 1.45 | $ | 1.29 | ||||||
Diluted EPS | 1.55 | 1.45 | 1.29 | |||||||||
Fair_Values_of_Financial_Instr
Fair Values of Financial Instruments | 12 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||
FAIR VALUES OF FINANCIAL INSTRUMENTS | |||||||||||||||
U.S. GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the statement of financial condition, for which it is practicable to estimate those values. Certain financial instruments and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value estimates presented do not reflect the underlying fair value of the Company. Although management is not aware of any factors that would materially affect the estimated fair value amounts presented, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and therefore, estimates of fair value subsequent to that date may differ significantly from the amounts presented below. | |||||||||||||||
2014 | 2013 | ||||||||||||||
Level | Carrying | Estimated | Carrying | Estimated | |||||||||||
Amount | Fair Value | Amount | Fair Value | ||||||||||||
(In thousands) | |||||||||||||||
Financial assets | |||||||||||||||
Cash and cash equivalents | 1 | $ | 781,843 | $ | 781,843 | $ | 203,563 | $ | 203,563 | ||||||
Available-for-sale securities: | |||||||||||||||
Equity securities | 1 | 101,387 | 101,387 | 101,237 | 101,237 | ||||||||||
Obligations of U.S. government | 2 | 731,943 | 731,943 | 533,975 | 533,975 | ||||||||||
Obligations of states and political subdivisions | 2 | 23,681 | 23,681 | 22,545 | 22,545 | ||||||||||
Obligations of foreign governments | — | — | — | — | |||||||||||
Corporate debt securities | 2 | 509,007 | 509,007 | 452,015 | 452,015 | ||||||||||
Mortgage-backed securities | |||||||||||||||
Agency pass-through certificates | 2 | 1,584,508 | 1,584,508 | 1,251,176 | 1,251,176 | ||||||||||
Other commercial MBS | 2 | 98,916 | 98,916 | — | — | ||||||||||
Total available-for-sale securities | 3,049,442 | 3,049,442 | 2,360,948 | 2,360,948 | |||||||||||
Held-to-maturity securities: | |||||||||||||||
Mortgage-backed securities | |||||||||||||||
Agency pass-through certificates | 2 | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | ||||||||||
Total held-to-maturity securities | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | |||||||||||
Loans receivable | 3 | 8,148,322 | 8,667,771 | 7,528,030 | 8,070,279 | ||||||||||
Covered loans | 3 | 176,476 | 176,761 | 295,947 | 300,610 | ||||||||||
FDIC indemnification asset | 3 | 36,860 | 35,976 | 64,615 | 62,300 | ||||||||||
FHLB stock | 2 | 158,839 | 158,839 | 173,009 | 173,009 | ||||||||||
Financial liabilities | |||||||||||||||
Customer accounts | 2 | 10,716,928 | 9,946,586 | 9,090,271 | 8,585,068 | ||||||||||
FHLB advances and other borrowings | 2 | 1,930,000 | 2,054,437 | 1,930,000 | 2,064,248 | ||||||||||
For a description of the level in fair value hierarchy under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification please see note Q. | |||||||||||||||
The following methods and assumptions were used to estimate the fair value of financial instruments: | |||||||||||||||
Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value. | |||||||||||||||
Available-for-sale securities and held-to-maturity securities – Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method except for equity securities which are considered a Level 1 input method. | |||||||||||||||
Loans receivable and covered loans – For certain homogeneous categories of loans, such as fixed- and variable-rate residential mortgages, fair value is estimated for securities backed by similar loans, adjusted for differences in loan characteristics, using the same methodology described above for AFS and HTM securities. | |||||||||||||||
The fair value of other loan types is estimated by discounting the future cash flows and estimated prepayments using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. Some loan types were valued at carrying value because of their floating rate or expected maturity characteristics. Net deferred loan fees are not included in the fair value calculation but are included in the carrying amount. | |||||||||||||||
FDIC indemnification asset – The fair value of the indemnification asset is estimated by discounting the expected future cash flows using the current rates. | |||||||||||||||
FHLB stock – The fair value is based upon the redemption value of the stock which equates to its carrying value. | |||||||||||||||
Customer accounts – The fair value of demand deposits, savings accounts, and money market accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the estimated future cash flows using the rates currently offered for deposits with similar remaining maturities. | |||||||||||||||
FHLB advances and other borrowings – The fair value of FHLB advances and other borrowings is estimated by discounting the estimated future cash flows using rates currently available to the Company for debt with similar remaining maturities. |
Financial_Information_Washingt
Financial Information - Washington Federal, INC. | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||
Financial Information - Washington Federal, INC. | ' | |||||||||
FINANCIAL INFORMATION – WASHINGTON FEDERAL, INC. | ||||||||||
The following Washington Federal, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements. | ||||||||||
Condensed Statements of Financial Condition | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Assets | ||||||||||
Cash | $ | 3,895 | $ | 66,425 | ||||||
Investment in subsidiary | 1,983,788 | 1,881,458 | ||||||||
Other assets | — | — | ||||||||
Total assets | $ | 1,987,683 | $ | 1,947,883 | ||||||
Liabilities | ||||||||||
Dividend payable and other liabilities | $ | 14,400 | $ | 10,248 | ||||||
Total liabilities | 14,400 | 10,248 | ||||||||
Stockholders’ equity | ||||||||||
Total stockholders’ equity | 1,973,283 | 1,937,635 | ||||||||
Total liabilities and stockholders’ equity | $ | 1,987,683 | $ | 1,947,883 | ||||||
Condensed Statements of Operations | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Income | ||||||||||
Dividends from subsidiary | $ | 70,000 | $ | 143,799 | $ | 106,234 | ||||
Total Income | 70,000 | 143,799 | 106,234 | |||||||
Expense | ||||||||||
Miscellaneous | 485 | 530 | 564 | |||||||
Total expense | 485 | 530 | 564 | |||||||
Net income before equity in undistributed net income of subsidiary | 69,515 | 143,269 | 105,670 | |||||||
Equity in undistributed net income of subsidiary | 87,675 | 8,045 | 32,513 | |||||||
Income before income taxes | 157,190 | 151,314 | 138,183 | |||||||
Income tax benefit | 174 | 191 | — | |||||||
Net income | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||
Condensed Statements of Cash Flows | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Cash Flows From Operating Activities | ||||||||||
Net income | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Equity in undistributed net income of subsidiaries | (87,943 | ) | (4,893 | ) | (32,513 | ) | ||||
Decrease (increase) in other assets | 1 | 1 | 36 | |||||||
Increase in other liabilities | 4,152 | 1,698 | 2,508 | |||||||
Net cash provided by operating activities | 73,574 | 148,311 | 108,214 | |||||||
Cash Flows From Financing Activities | ||||||||||
Proceeds from exercise of common stock options and related tax benefit | 10,252 | 4,261 | 357 | |||||||
Treasury stock purchased | (104,291 | ) | (110,238 | ) | (41,914 | ) | ||||
Dividends paid on common stock | (42,065 | ) | (37,835 | ) | (32,430 | ) | ||||
Net cash used in financing activities | (136,104 | ) | (143,812 | ) | (73,987 | ) | ||||
Increase (decrease) in cash | (62,530 | ) | 4,499 | 34,227 | ||||||
Cash at beginning of year | 66,425 | 61,926 | 27,699 | |||||||
Cash at end of year | $ | 3,895 | $ | 66,425 | $ | 61,926 | ||||
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||
Selected Quarterly Financial Data (Unaudited) | ' | ||||||||||||
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) | |||||||||||||
The following is a summary of the unaudited interim results of operations by quarter for the years ended September 30, 2014 and 2013: | |||||||||||||
Year Ended September 30, 2014 | First | Second | Third | Fourth | |||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
(In thousands, except per share data) | |||||||||||||
Interest income | $ | 131,258 | $ | 132,351 | $ | 135,011 | $ | 135,077 | |||||
Interest expense | 32,946 | 31,715 | 31,732 | 31,684 | |||||||||
Net interest income | 98,312 | 100,636 | 103,279 | 103,393 | |||||||||
Provision for loan losses | (4,600 | ) | (4,336 | ) | (3,000 | ) | (3,465 | ) | |||||
Other operating income (REO expense) | 3,837 | 7,255 | 6,016 | 10,808 | |||||||||
Other operating expense | 44,120 | 52,059 | 53,293 | 54,537 | |||||||||
Income before income taxes | 62,629 | 60,168 | 59,002 | 63,129 | |||||||||
Income taxes | 22,393 | 21,511 | 21,092 | 22,568 | |||||||||
Net income | $ | 40,236 | $ | 38,657 | $ | 37,910 | $ | 40,561 | |||||
Basic earnings per share | $ | 0.39 | $ | 0.38 | $ | 0.38 | $ | 0.41 | |||||
Diluted earnings per share | 0.39 | 0.38 | 0.37 | 0.41 | |||||||||
Cash dividends per share | 0.1 | 0.1 | 0.1 | 0.11 | |||||||||
Return of average assets | 1.19 | % | 1.07 | % | 1.04 | % | 1.1 | % | |||||
Year Ended September 30, 2013 | First | Second | Third | Fourth | |||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
(In thousands, except per share data) | |||||||||||||
Interest income | $ | 131,309 | $ | 126,505 | $ | 128,176 | $ | 130,302 | |||||
Interest expense | 35,875 | 33,482 | 33,461 | 33,343 | |||||||||
Net interest income | 95,434 | 93,023 | 94,715 | 96,959 | |||||||||
Provision for loan losses | 3,600 | — | — | (2,250 | ) | ||||||||
Other operating income (REO expense) | 1,638 | 2,043 | 5,236 | 11,157 | |||||||||
Other operating expense | 38,298 | 41,164 | 41,610 | 43,167 | |||||||||
Income before income taxes | 55,174 | 53,902 | 58,341 | 67,199 | |||||||||
Income taxes | 19,891 | 17,924 | 21,003 | 24,293 | |||||||||
Net income | $ | 35,283 | $ | 35,978 | $ | 37,338 | $ | 42,906 | |||||
Basic earnings per share | $ | 0.33 | $ | 0.34 | $ | 0.36 | $ | 0.42 | |||||
Diluted earnings per share | 0.33 | 0.34 | 0.36 | 0.41 | |||||||||
Cash dividends per share | 0.08 | 0.09 | 0.09 | 0.1 | |||||||||
Return of average assets | 1.11 | % | 1.1 | % | 1.15 | % | 1.32 | % |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||
U.S. GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | ||||||||||||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active exchange markets that the entity has the ability to access as of the measurement date. | ||||||||||||||||||||||||
Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data. | ||||||||||||||||||||||||
Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | ||||||||||||||||||||||||
We have established and documented the Company's process for determining the fair values of our assets and liabilities, where applicable. Fair value is based on quoted market prices, when available, for identical or similar assets or liabilities. In the absence of quoted market prices, fair value is determined using valuation models or third-party appraisals. The following is a description of the valuation methodologies used to measure and report the fair value of financial assets and liabilities on a recurring or nonrecurring basis: | ||||||||||||||||||||||||
Measured on a Recurring Basis | ||||||||||||||||||||||||
Securities | ||||||||||||||||||||||||
Securities available for sale are recorded at fair value on a recurring basis. Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party (primarily Bloomberg), and under the provisions of FASB ASC 820, Fair Value Measurement, are considered a Level 2 input method. | ||||||||||||||||||||||||
The following table presents the balance of assets measured at fair value on a recurring basis at September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||
Fair Value at September 30, 2014 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | $ | 101,387 | $ | — | $ | — | $ | 101,387 | ||||||||||||||||
Obligations of U.S. government | — | 731,943 | — | 731,943 | ||||||||||||||||||||
Obligations of states and political subdivisions | — | 23,681 | — | 23,681 | ||||||||||||||||||||
Obligations of foreign governments | — | — | — | — | ||||||||||||||||||||
Corporate debt securities | — | 509,007 | — | 509,007 | ||||||||||||||||||||
Agency pass through mortgage-backed securities | — | 1,584,508 | — | 1,584,508 | ||||||||||||||||||||
Other commercial MBS | — | 98,916 | — | 98,916 | ||||||||||||||||||||
Other debt securities | — | — | — | — | ||||||||||||||||||||
Balance at end of period | $ | 101,387 | $ | 2,948,055 | $ | — | $ | 3,049,442 | ||||||||||||||||
There were no transfers between, into and/or out of Levels 1, 2 or 3 during the year ended September 30, 2014. | ||||||||||||||||||||||||
Fair Value at September 30, 2013 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | $ | 101,237 | $ | — | $ | — | $ | 101,237 | ||||||||||||||||
Obligations of U.S. government | — | 533,975 | — | 533,975 | ||||||||||||||||||||
Obligations of states and political subdivisions | — | 22,545 | — | 22,545 | ||||||||||||||||||||
Obligations of foreign governments | — | — | — | — | ||||||||||||||||||||
Corporate debt securities | — | 452,015 | — | 452,015 | ||||||||||||||||||||
Agency pass through mortgage-backed securities | — | 1,251,176 | — | 1,251,176 | ||||||||||||||||||||
Other commercial MBS | — | — | — | — | ||||||||||||||||||||
Other debt securities | — | — | — | — | ||||||||||||||||||||
Balance at end of period | $ | 101,237 | $ | 2,259,711 | $ | — | $ | 2,360,948 | ||||||||||||||||
There were no transfers between, into and/or out of Level 1, 2 or 3 during the year ended September 30, 2013 other than a transfer from Level 2 to Level 1 of $511,000 in Equity Securities. | ||||||||||||||||||||||||
Measured on a Nonrecurring Basis | ||||||||||||||||||||||||
Impaired Loans & Real Estate Held for Sale | ||||||||||||||||||||||||
From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at September 30, 2014, included loans for which a specific reserve allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as covered real estate owned and real estate held for sale for which fair value of the properties was less than the cost basis. Real estate held for sale consists principally of properties acquired through foreclosure. | ||||||||||||||||||||||||
The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis for the year ended September 30, 2014, and the total losses resulting from those fair value adjustments for the quarter and year ended September 30, 2014. These estimated fair values are shown gross of estimated selling costs: | ||||||||||||||||||||||||
As of September 30, 2014 | Quarter | Year Ended September 30, 2014 | ||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 10,156 | $ | 10,156 | $ | — | $ | (1,311 | ) | |||||||||||
Covered REO (2) | — | — | 10,520 | 10,520 | 113 | 616 | ||||||||||||||||||
Real estate held for sale (2) | — | — | 51,624 | 51,624 | 1,878 | 18,660 | ||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 72,300 | $ | 72,300 | $ | 1,991 | $ | 17,965 | ||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | The losses represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The losses represent aggregate writedowns and charge-offs on real estate held for sale. | |||||||||||||||||||||||
As of September 30, 2013 | Quarter | Year Ended September 30, 2013 | ||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | 87,170 | $ | 87,170 | 366 | 13,371 | |||||||||||||||
Covered REO (2) | — | — | 20,308 | 20,308 | 208 | 811 | ||||||||||||||||||
Real estate held for sale (2) | — | — | 82,840 | 82,840 | 4,618 | 24,268 | ||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 190,318 | $ | 190,318 | $ | 5,192 | $ | 38,450 | ||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | The losses represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The losses represent aggregate writedowns and charge-offs on real estate held for sale. | |||||||||||||||||||||||
There were no liabilities carried at fair value, measured on a recurring or nonrecurring basis, at September 30, 2014 or September 30, 2013. | ||||||||||||||||||||||||
The following describes the process used to value Level 3 assets measured on a nonrecurring basis: | ||||||||||||||||||||||||
Impaired loans - The Company adjusts the carrying amount of impaired loans when there is evidence of probable loss and the expected fair value of the loan is less than its contractual amount. The amount of the impairment may be determined based on the estimated present value of future cash flows or the fair value of the underlying collateral. Impaired loans with a specific reserve allowance based on cash flow analysis or the value of the underlying collateral are classified as Level 3 assets. | ||||||||||||||||||||||||
The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for loan loss process. | ||||||||||||||||||||||||
Applicable loans are evaluated for impairment on a quarterly basis. Loans included in the previous quarter's review are reevaluated and if their values are materially different from the prior quarter evaluation, the underlying information (loan balance and collateral value) are compared. Material differences are evaluated for reasonableness and discussions are held between the relationship manager and their division manager to understand the difference and determine if any adjustment is necessary. The inputs are developed and substantiated on a quarterly basis, based on current borrower developments, market conditions and collateral values. | ||||||||||||||||||||||||
The following method is used to value impaired loans: | ||||||||||||||||||||||||
The fair value of the collateral, which may take the form of real estate or personal property, is based on internal estimates, field observations, assessments provided by third-party appraisers and other valuation models. The Company performs or reaffirms valuations of collateral-dependent impaired loans at least annually. Adjustments are made if management believes that more recent information is available and relevant with respect to the fair value of the collateral. | ||||||||||||||||||||||||
Real estate held for sale ("REO") - These assets are valued based on inputs such as appraisals and third-party price opinions, less estimated selling costs. Assets that are acquired through foreclosure are recorded initially at the lower of the loan balance or fair value at the date of foreclosure. After foreclosure, valuations are updated periodically, and current market conditions my require the assets to be written down further to a new cost basis. | ||||||||||||||||||||||||
The following method is used to value real estate held for sale: | ||||||||||||||||||||||||
When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include a third-party appraisal, which is used to establish the fair value of the underlying collateral. The REO is carried at the estimated fair value of the repossessed real estate once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement. The fair value of REO assets is re-evaluated quarterly and the REO asset is adjusted to reflect the lower of cost or fair value as necessary. |
Covered_Assets
Covered Assets | 12 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Covered Assets [Abstract] | ' | |||||||||||||||||||||||||||||||
Covered Assets | ' | |||||||||||||||||||||||||||||||
Covered Assets | ||||||||||||||||||||||||||||||||
Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements and were $200,558,000 as of September 30, 2014, compared to $326,927,000 as of September 30, 2013. As of the close of business October 31, 2012, the Company acquired covered assets as part of the SVBT acquisition as described in Note A. | ||||||||||||||||||||||||||||||||
The carrying balance of acquired covered loans have been included in the following tables. The Company evaluated the acquired loans for impairment. Loans are accounted for under FASB ASC 310-30 when there is evidence of credit deterioration since origination and for which it is probable, at acquisition, that the Company would be unable to collect all contractually required payments. | ||||||||||||||||||||||||||||||||
The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||
Acquired | Acquired | Total | Acquired | Acquired | Total | |||||||||||||||||||||||||||
Impaired | Non-impaired | Impaired | Non-impaired | |||||||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 22,400 | $ | 23,067 | $ | 45,467 | $ | 28,428 | $ | 28,460 | $ | 56,888 | ||||||||||||||||||||
Construction – speculative | 181 | — | 181 | 440 | — | 440 | ||||||||||||||||||||||||||
Construction – custom | — | — | — | 1,197 | — | 1,197 | ||||||||||||||||||||||||||
Land – acquisition & development | 5,589 | 1,364 | 6,953 | 17,953 | 4,810 | 22,763 | ||||||||||||||||||||||||||
Land – consumer lot loans | 496 | 73 | 569 | 496 | 245 | 741 | ||||||||||||||||||||||||||
Multi-family | 2,225 | 6,598 | 8,823 | 6,933 | 18,852 | 25,785 | ||||||||||||||||||||||||||
Commercial real estate | 69,873 | 51,336 | 121,209 | 121,105 | 89,499 | 210,604 | ||||||||||||||||||||||||||
Commercial & industrial | 8,894 | 5,492 | 14,386 | 14,949 | 9,416 | 24,365 | ||||||||||||||||||||||||||
HELOC | 3,285 | 11,777 | 15,062 | 3,869 | 14,750 | 18,619 | ||||||||||||||||||||||||||
Consumer | 99 | 454 | 553 | 242 | 604 | 846 | ||||||||||||||||||||||||||
Total covered loans | 113,042 | 100,161 | 213,203 | 195,612 | 166,636 | 362,248 | ||||||||||||||||||||||||||
Allowance for losses | (2,244 | ) | — | (2,244 | ) | — | — | — | ||||||||||||||||||||||||
$ | 110,798 | $ | 100,161 | $ | 210,959 | $ | 195,612 | $ | 166,636 | $ | 362,248 | |||||||||||||||||||||
Discount | (34,483 | ) | (66,301 | ) | ||||||||||||||||||||||||||||
Covered loans, net | $ | 176,476 | $ | 295,947 | ||||||||||||||||||||||||||||
Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows for the fiscal years ended September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||
Acquired Impaired | Acquired Non-impaired | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | |||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | Yield | Amount of | Yield | Amount of | |||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | $ | 50,902 | $ | 74,953 | $ | 23,789 | $ | 213,423 | ||||||||||||||||
Additions | — | — | — | — | 43,299 | 107,946 | — | — | ||||||||||||||||||||||||
Reclassification from nonaccretable balance, net | 10,186 | (2,069 | ) | — | — | 17,850 | — | — | — | |||||||||||||||||||||||
Accretion | (23,929 | ) | 23,929 | (7,004 | ) | 7,004 | (33,774 | ) | 33,774 | (6,526 | ) | 6,526 | ||||||||||||||||||||
Transfers to REO | — | (8,943 | ) | — | — | — | (11,196 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (72,953 | ) | — | (66,438 | ) | — | (67,386 | ) | — | (62,093 | ) | ||||||||||||||||||||
Balance at end of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | ||||||||||||||||
At September 30, 2014 and September 30, 2013, none of the acquired impaired or non-impaired loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans. The allowance for credit losses related to the acquired loans results from decreased expectations of future cash flows due to increased credit losses for certain acquired pools. | ||||||||||||||||||||||||||||||||
The outstanding principal balance of acquired loans was $213,203,000 and $362,248,000 as of September 30, 2014 and September 30, 2013, respectively. The discount balance related to the acquired loans was $34,483,000 and $66,301,000 as of September 30, 2014 and September 30, 2013, respectively. | ||||||||||||||||||||||||||||||||
The FDIC loss share agreement for the commercial loans acquired from Horizon Bank are expiring after 5 years in the quarter ending March 31, 2015. The FDIC loss share agreement for the commercial loans that SVBT had previously acquired will expire in the quarter ending September 30, 2015. The FDIC loss share agreements for the residential loans in these portfolios are 10 year agreements, so they will continue. When FDIC loss share agreements expire, any remaining loans will be transferred to the non covered portfolio. | ||||||||||||||||||||||||||||||||
The following table shows the year to date activity for the FDIC indemnification asset: | ||||||||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 64,615 | $ | 87,571 | ||||||||||||||||||||||||||||
Additions | 1,795 | 18,101 | ||||||||||||||||||||||||||||||
Payments received | (2,502 | ) | (13,421 | ) | ||||||||||||||||||||||||||||
Amortization | (27,850 | ) | (28,722 | ) | ||||||||||||||||||||||||||||
Accretion | 802 | 1,086 | ||||||||||||||||||||||||||||||
Balance at end of period | $ | 36,860 | $ | 64,615 | ||||||||||||||||||||||||||||
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2014: | ||||||||||||||||||||||||||||||||
Internally Assigned Grade | Total | |||||||||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Net Loans | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Purchased non-credit impaired loans: | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 21,311 | $ | — | $ | 1,756 | $ | — | $ | — | $ | 23,067 | ||||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land - acquisition & development | 972 | — | 392 | — | — | 1,364 | ||||||||||||||||||||||||||
Land - consumer lot loans | 73 | — | — | — | — | 73 | ||||||||||||||||||||||||||
Multi-family | 6,598 | — | — | — | — | 6,598 | ||||||||||||||||||||||||||
Commercial real estate | 26,940 | 115 | 24,281 | — | — | 51,336 | ||||||||||||||||||||||||||
Commercial & industrial | 2,801 | — | 2,691 | — | — | 5,492 | ||||||||||||||||||||||||||
HELOC | 11,777 | — | — | — | — | 11,777 | ||||||||||||||||||||||||||
Consumer | 454 | — | — | — | — | 454 | ||||||||||||||||||||||||||
70,926 | 115 | 29,120 | — | — | 100,161 | |||||||||||||||||||||||||||
Total grade as a % of total net loans | 70.8 | % | 0.1 | % | 29.1 | % | — | % | — | % | ||||||||||||||||||||||
Purchased credit impaired loans: | ||||||||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 8,349 | — | 11,912 | — | — | 20,261 | ||||||||||||||||||||||||||
Pool 2 - Single-family residential | 15,585 | — | 379 | — | — | 15,964 | ||||||||||||||||||||||||||
Pool 3 - Multi-family | 52 | — | 471 | — | — | 523 | ||||||||||||||||||||||||||
Pool 4 - HELOC & other consumer | 2,804 | — | 1,173 | — | — | 3,977 | ||||||||||||||||||||||||||
Pool 5 - Commercial real estate | 33,909 | 700 | 29,782 | — | — | 64,391 | ||||||||||||||||||||||||||
Pool 6 - Commercial & industrial | 3,509 | — | 3,892 | 525 | — | 7,926 | ||||||||||||||||||||||||||
$ | 64,208 | $ | 700 | $ | 47,609 | $ | 525 | $ | — | $ | 113,042 | |||||||||||||||||||||
Total covered loans | 213,203 | |||||||||||||||||||||||||||||||
Discount | (34,483 | ) | ||||||||||||||||||||||||||||||
Allowance | $ | (2,244 | ) | |||||||||||||||||||||||||||||
Covered loans, net | $ | 176,476 | ||||||||||||||||||||||||||||||
The following table provides an analysis of the payment status of purchased non-credit impaired loans in past due status for the period ended September 30, 2014. | ||||||||||||||||||||||||||||||||
Amount of Loans | Days Delinquent Based on $ Amount of Loans | % based | ||||||||||||||||||||||||||||||
Type of Loans | Net of LIP & Chg.-Offs | Current | 30 | 60 | 90 | Total | on $ | |||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 23,067 | $ | 22,391 | $ | 230 | $ | 40 | $ | 406 | $ | 676 | 2.93 | % | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | NM | |||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | NM | |||||||||||||||||||||||||
Land - acquisition & development | 1,364 | 1,328 | — | — | 36 | 36 | 2.64 | % | ||||||||||||||||||||||||
Land - consumer lot loans | 73 | 73 | — | — | — | — | — | % | ||||||||||||||||||||||||
Multi-family | 6,598 | 5,502 | — | — | 1,096 | 1,096 | 16.61 | % | ||||||||||||||||||||||||
Commercial real estate | 51,336 | 51,336 | — | — | — | — | — | % | ||||||||||||||||||||||||
Commercial & industrial | 5,492 | 5,492 | — | — | — | — | — | % | ||||||||||||||||||||||||
HELOC | 11,777 | 11,777 | — | — | — | — | — | % | ||||||||||||||||||||||||
Consumer | 454 | 443 | 11 | — | — | 11 | 2.42 | % | ||||||||||||||||||||||||
$ | 100,161 | $ | 98,342 | $ | 241 | $ | 40 | $ | 1,538 | $ | 1,819 | 1.82 | % | |||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Principles of consolidation | ' |
Principles of consolidation. The consolidated financial statements include the accounts of the Company, the Bank and its wholly owned subsidiaries. Intercompany transactions and balances have been eliminated. | |
Fiscal period | ' |
The Company's fiscal year end is September 30th. All references to 2014, 2013 and 2012 represent balances as of September 30, 2014, September 30, 2013 and September 30, 2012, or activity for the fiscal years then ended. References to net income in this document refer to net income available to common shareholders. | |
Cash and cash equivalents | ' |
Cash and cash equivalents. Cash and cash equivalents include cash on hand, amounts due from banks, overnight investments and repurchase agreements with an initial maturity of three months or less. | |
Investments and mortgage-backed securities | ' |
Investments and mortgage-backed securities. The Company accounts for investments and mortgage-backed securities in two categories: held-to-maturity and available-for-sale. Premiums and discounts on investments are deferred and recognized over the life of the asset using the effective interest method. | |
Held-to-maturity securities are accounted for at amortized cost, but the Company must have both the positive intent and the ability to hold those securities to maturity. There are very limited circumstances under which securities in the held-to-maturity category can be sold without jeopardizing the cost basis of accounting for the remainder of the securities in this category. | |
Available-for-sale securities are accounted for at fair value. Gains and losses realized on the sale of these securities are accounted for based on the specific identification method. Unrealized gains and losses for available-for-sale securities are excluded from earnings and reported as a net amount in the accumulated other comprehensive income component of stockholders' equity. | |
Realized gains and losses on securities sold as well as other than temporary impairment charges, are shown on the Consolidated Statements of Operations under the Other Income heading. Management evaluates debt and equity securities for other than temporary impairment on a quarterly basis based on the securities' current credit quality, interest rates, term to maturity and management's intent and ability to hold the securities until the net book value is recovered. | |
Loans receivable | ' |
Loans receivable. Loans that are performing in accordance with their contractual terms are held at their carrying amount and expected interest is accrued. The Bank also receives fees for originating loans in addition to various fees and charges related to existing loans, which may include prepayment charges, late charges and assumption fees. | |
When a borrower fails to make a required payment on a loan, the Bank attempts to cure the deficiency by contacting the borrower. Contact is made after a payment is 30 days past its grace period. In most cases, deficiencies are cured promptly. If the delinquency is not cured within 90 days, the Bank may institute appropriate action to foreclose on the property. If foreclosed, the property is sold at a public sale and may be purchased by the Bank. | |
The Bank will consider modifying the interest rates and terms of a loan if it determines that a modification is a better alternative to foreclosure. Most troubled debt restructured ("TDR") loans are accruing and performing loans where the borrower has proactively approached the Bank about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is generally not an available option for restructured loans. Before granting approval to modify a loan in a TDR, we consider a borrower’s ability to repay by evaluating: current income levels and debt to income ratio, borrower’s credit score, payment history of the loan, and updated valuation of the secondary repayment source. The Bank also modifies some loans that are not classified as TDRs as the modification is due to a restructuring where the effective interest rate on the debt is reduced to reflect a decrease in market interest rates. | |
Loans are placed on nonaccrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. The Bank does not accrue interest on loans 90 days or more past due. If payment is made on a loan so that the loan becomes less than 90 days past due, and the Bank expects full collection of principal and interest, the loan is returned to full accrual status. Any interest ultimately collected is credited to income in the period of recovery. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet contractual obligations. | |
If a consumer loan is on non-accrual status before becoming a TDR it will stay on non-accrual status following restructuring until it has been performing for at least six months, at which point it may be moved to accrual status. If a loan is on accrual status before it becomes a TDR, and management concludes that full repayment is highly probable based on internal evaluation, it will remain on accrual status following restructuring. If the consumer restructured loan does not perform, it is placed in non-accrual status when it is 90 days delinquent. For commercial loans, six consecutive payments on newly restructured loan terms are required prior to returning the loan to accrual status. In some instances after the required six consecutive payments are made management will conclude that collection of the entire principal balance is still in doubt. In those instances, the loan will remain on non-accrual. | |
Impaired loans consist of loans receivable that are not expected to have their principal and interest repaid in accordance with their contractual terms. This includes TDRs that are on non-accrual status. Collateral dependent impaired loans are measured using the fair value of the collateral, less selling costs. Non-collateral dependent loans are measured at the present value of expected future cash flows. | |
Deferred fees and discounts on loans. Loan discounts and loan fees are deferred and recognized over the life of the loans using the effective interest method. | |
Allowance for Loan Losses. The Bank maintains an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the probable and estimable losses inherent in the loan portfolio. The Bank's general methodology for assessing the appropriateness of the allowance is to apply a loss percentage factor to the different loan types. The loss percentage factor is made up of two parts - the historical loss factor (“HLF”) and the qualitative loss factor (“QLF”). | |
The HLF takes into account historical charge-offs by loan type. The Bank uses an average of historical loss rates for each loan category multiplied by a loss emergence period. This is the likely period of time during which a residential or commercial loan borrower experiencing financial difficulties might deplete their cash prior to becoming delinquent on their loan, plus the period of time that it takes the bank to work out the loans. | |
The QLF are based on management's continuing evaluation of the pertinent factors underlying the quality of the loan portfolio, including changes in the size and composition of the loan portfolio, actual loan loss experience, current economic conditions, collateral values, geographic concentrations, seasoning of the loan portfolio, specific industry conditions, and the duration of the current business cycle. These factors are considered by loan type. | |
Specific allowances are established for loans which are individually evaluated, in cases where management has identified significant conditions or circumstances related to a loan that management believes indicate the probability that a loss has been incurred. The Bank has also established a reserve for unfunded commitments. | |
The recovery of the carrying value of loans is susceptible to future market conditions beyond the Bank's control, which may result in losses or recoveries differing from those provided. In those cases, a portion of the allowance is then allocated to reflect the estimated loss exposure. | |
Covered assets. Covered loans are the loans acquired from Horizon Bank in 2010 and certain loans acquired from SVBT in fiscal 2013 that are recorded at their estimated fair market value. Loans that were classified as non-performing loans by Horizon Bank and SVBT are no longer classified as non-performing because, at acquisition, the carrying value of these loans was adjusted to reflect fair value and are covered under the FDIC loss sharing agreements. Management believes that the new book value reflects an amount that will ultimately be collected. Acquired credit impaired loans are accounted for under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 310-30 when there is evidence of credit deterioration since origination and for which it is probable, at acquisition, that the Company would be unable to collect all contractually required payments. Interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, are recognized on all acquired loans. Covered real estate held for sale represents the foreclosed properties that were originally Horizon Bank loans or certain SVBT loans. Covered real estate held for sale is carried at the estimated fair market value of the repossessed real estate. The covered loans and covered real estate held for sale are collectively referred to as “covered assets”. When FDIC loss share agreements expire, any remaining loans will be transferred to the non covered portfolio. | |
FDIC indemnification asset. FDIC indemnification asset is the receivable recorded due to the guarantee provided by the FDIC on the covered assets. | |
Client Derivatives and Long Term Borrowing Hedges | ' |
Client Derivatives. Interest rate swap agreements are provided to certain clients who desire to convert their obligations from variable to fixed interest rates. Under these agreements, the Bank enters into a variable-rate loan agreement with a customer in addition to a swap agreement, and then enters into a corresponding swap agreement with a third party in order to offset its exposure on the customer swap agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under FASB ASC 815, Derivatives and Hedging, the instruments are marked to market in earnings. The change in fair value of the offsetting swaps are included in interest income and interest expense and there is no impact on net income. There is fee income earned on the swaps that is included in miscellaneous loan income. | |
Long Term Borrowing Hedges. The Bank has entered into forward-starting interest rate swaps to convert a series of future short-term borrowings to fixed rate payments. These interest rate swaps qualify as cash flow hedging instruments under ASC 815 which provides for matching of the recognition of gains and losses of the interest rate swaps and the hedged items. Prior to the starting date, the change in the fair value of the interest rate swap will be recorded in Other Comprehensive Income. | |
Premises and equipment | ' |
Premises and equipment. Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Expenditures are capitalized for betterments and major renewals. Charges for ordinary maintenance and repairs are expensed to operations as incurred. | |
Real estate held for sale | ' |
Real estate held for sale. Properties acquired in settlement of loans or acquired for development are recorded at fair value less selling costs. Subsequent accounting is recorded at lower of cost or market. These gains (losses) are shown on the real estate acquired through foreclosure line item. | |
Intangible assets | ' |
Intangible assets. Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. The core deposit intangibles and non-compete agreement intangible are acquired assets that lack physical substance but can be distinguished from goodwill. Goodwill is evaluated for impairment on an annual basis. Other intangible assets are amortized over their estimated lives and are subject to impairment testing when events or circumstances change. If circumstances indicate that the carrying value of the assets may not be recoverable, an impairment charge could be recorded. No impairment of intangible assets has ever been identified. The Bank amortizes the core deposit intangibles over their estimated lives generally on an accelerated method. | |
Income taxes | ' |
Income taxes. Income taxes are accounted for using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, a deferred tax asset or liability is determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The provision for income taxes includes current and deferred income tax expense based on net income adjusted for temporary and permanent differences such as depreciation, interest on state and municipal securities, and affordable housing tax credits. Income tax related interest and penalties, if applicable, and amortization of affordable housing tax credit investments are recorded within income tax expense. | |
Accounting for stock-based compensation | ' |
Accounting for stock-based compensation. The Company records an expense for the estimated fair value of equity awards over the vesting period. See Note L for additional information. | |
Use of estimates | ' |
Use of estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 and the reported amounts of revenues and expenses during the reporting period. Significant estimates reported in the financial statements include the allowance for loan losses, intangible assets, deferred taxes and contingent liabilities. Actual results could differ from these estimates. | |
New accounting pronouncements | ' |
New accounting pronouncements. In December 2012, FASB issued Accounting Standards Update ("ASU") 2012-06, Subsequent Accounting for an Indemnification Asset Recognized at the Acquisition Date as a Result of a Government-Assisted Acquisition of a Financial Institution. ASU 2012-06 clarifies that when a reporting entity recognizes an indemnification asset as the result of a government-assisted acquisition of a financial institution and there is a change in the amount of cash flows expected to be collected on the indemnification asset, the reporting entity should subsequently measure the indemnification asset on the same basis as the underlying loans by taking into account the contractual limitations of the Loss-Sharing Agreement ("LSA"). For amortization of changes in value, the reporting entity should use the term of LSA if it is shorter than the term of the acquired loans. This new guidance did not have a material impact on the Company's consolidated financial statements. | |
In January 2013, the FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The main objective was to address implementation issues about the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The guidance in this ASU was effective beginning on or after January 1, 2013. This new guidance did not have a material impact on the Company's consolidated financial statements. | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The objective was to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements; rather, they require the entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance in this ASU was effective for fiscal years beginning after December 15, 2012. This new guidance did not have a material impact on the Company's consolidated financial statements. | |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. Topic 815, Derivatives and Hedging, provides guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. The objective of this update is to provide for the inclusion of the Fed Funds Effective Swap Rate as a U.S. benchmark interest rate for hedge accounting purposes, in addition to UST and LIBOR rates. The guidance in this ASU is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Some entities present unrecognized tax benefits as a liability unless the unrecognized tax benefit is directly associated with a tax position taken in a tax year that results in, or that resulted in, the recognition of a net operating loss or tax credit carryforward for that year and the net operating loss or tax credit carryforward has not been utilized. Other entities present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances. The objective of these is to eliminate that diversity in practice. The guidance in this ASU is effective for fiscal years beginning after December 15, 2013. This new guidance did not have a material impact on the Company's consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The new guidance clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. The amendments are effective beginning after December 15, 2014. This ASU is not expected to have a material impact on the Company's consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. This new guidance permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. This new guidance is effective on a retrospective basis beginning after December 15, 2014 with early adoption permitted. The Company adopted this ASU prospectively as of December 31, 2013 as the retrospective adjustments were not material. The amount of affordable housing tax credits that were recognized during the 2014 fiscal year is $3 million. The net investment balance recognized as of September 30, 2014 is $42 million. Using the proportional amortization method, the amount recognized as a component of income tax expense for the 2014 fiscal year is $4 million. Contingent commitments for equity contributions during the 2014 calendar year are $35 million. Overall, this adoption did not have a material impact on the Company's consolidated financial statements. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance, which does not apply to financial instruments, is effective on a retrospective basis beginning on January 1, 2017. The Company does not expect the new guidance to have a material impact on its consolidated financial position or results of operation. | |
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. Under this new accounting guidance, repurchase-to-maturity transactions will be accounted for as secured borrowings rather than sales of an asset, and transfers of financial assets with contemporaneous repurchase financings will no longer be evaluated to determine whether they should be accounted for on a combined basis as forward contracts. The new guidance also prescribes additional disclosures particularly on the nature of collateral pledged in repurchase financings accounted for as secured borrowings. The new guidance is effective beginning on January 1, 2015. The Company does not expect this guidance to have a material impact on its consolidated financial position or results of operation. | |
Business segments | ' |
Business segments. As the Company manages its business and operations on a consolidated basis, management has determined that there is one reportable business segment. | |
Reclassifications | ' |
Reclassifications. Reclassification of Other Expenses into Product delivery and Information technology line items have been made to the financial statements for years prior to September 30, 2014 to conform to current year classifications. | |
Reclassification of Real Estate Held for Investment into its own line item and out of Real Estate Held for Sale have been made to the financial statements for years prior to September 30, 2014 to conform to current year classifications. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||||||
Sep. 30, 2014 | ||||||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||||||
Schedule of goodwill and intangible assets | ' | |||||||||||||||
The balance of the Company's intangible assets was as follows, which includes the additional goodwill discussed above: | ||||||||||||||||
Goodwill | Servicing Rights Intangible | Core Deposit Intangible | Total | |||||||||||||
(In thousands) | ||||||||||||||||
Balance at September 30, 2012 | $ | 251,653 | $ | 286 | $ | 4,137 | $ | 256,076 | ||||||||
Additions | 8,624 | — | 1,433 | 10,057 | ||||||||||||
Amortization | — | (286 | ) | (1,529 | ) | (1,815 | ) | |||||||||
Balance at September 30, 2013 | 260,277 | — | 4,041 | 264,318 | ||||||||||||
Additions | 31,226 | — | 11,040 | 42,266 | ||||||||||||
Amortization | — | — | (3,675 | ) | (3,675 | ) | ||||||||||
Balance at September 30, 2014 | $ | 291,503 | $ | — | $ | 11,406 | $ | 302,909 | ||||||||
Schedule of future amortization expense | ' | |||||||||||||||
The table below presents the estimated core deposit intangible asset amortization expense for the next five years: | ||||||||||||||||
Year End | Expense | |||||||||||||||
(In thousands) | ||||||||||||||||
2015 | $ | 3,479 | ||||||||||||||
2016 | 2,314 | |||||||||||||||
2017 | 1,607 | |||||||||||||||
2018 | 1,208 | |||||||||||||||
2019 | 1,254 | |||||||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||
Investments by contractual maturity date | ' | ||||||||||||||||||
September 30, | 2014 | ||||||||||||||||||
Amortized | Gross Unrealized | Fair | Yield | ||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
(In thousands) | |||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||
U.S. government and agency securities due | |||||||||||||||||||
1 to 5 years | $ | 171,154 | $ | 2,585 | $ | (748 | ) | $ | 172,991 | 1.26 | % | ||||||||
5 to 10 years | 203,317 | 300 | (102 | ) | 203,515 | 1.45 | % | ||||||||||||
Over 10 years | 354,828 | 1,028 | (419 | ) | 355,437 | 1.25 | % | ||||||||||||
Equity Securities | |||||||||||||||||||
1 to 5 years | 100,500 | 887 | — | 101,387 | 1.9 | % | |||||||||||||
5 to 10 years | — | — | — | — | — | % | |||||||||||||
Corporate bonds due | |||||||||||||||||||
Within 1 year | 15,000 | 75 | — | 15,075 | 1 | % | |||||||||||||
1 to 5 years | 302,540 | 2,372 | — | 304,912 | 0.71 | % | |||||||||||||
5 to 10 years | 138,201 | 1,789 | (970 | ) | 139,020 | 1.43 | % | ||||||||||||
Over 10 years | 50,000 | — | — | 50,000 | 3 | % | |||||||||||||
Municipal bonds due | |||||||||||||||||||
Over 10 years | 20,402 | 3,279 | — | 23,681 | 6.45 | % | |||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,561,639 | 24,893 | (2,024 | ) | 1,584,508 | 2.57 | % | ||||||||||||
Other commercial MBS | 98,851 | 65 | 98,916 | 1.49 | % | ||||||||||||||
3,016,432 | 37,273 | (4,263 | ) | 3,049,442 | 1.99 | % | |||||||||||||
Held-to-maturity securities | |||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | % | ||||||||||||
1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | % | |||||||||||||
$ | 4,564,697 | $ | 42,128 | $ | (58,165 | ) | $ | 4,548,660 | 2.38 | % | |||||||||
September 30, | 2013 | ||||||||||||||||||
Amortized | Gross Unrealized | Fair | Yield | ||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||
(In thousands) | |||||||||||||||||||
Available-for-sale securities | |||||||||||||||||||
U.S. government and agency securities due | |||||||||||||||||||
1 to 5 years | $ | 61,002 | $ | 3,393 | $ | (252 | ) | $ | 64,143 | 1.98 | % | ||||||||
5 to 10 years | 129,219 | — | (1,547 | ) | 127,672 | 0.86 | % | ||||||||||||
Over 10 years | 344,571 | — | (2,411 | ) | 342,160 | 0.93 | % | ||||||||||||
Equity Securities | |||||||||||||||||||
1 to 5 years | 500 | 11 | — | 511 | 2.17 | % | |||||||||||||
5 to 10 years | 100,000 | 726 | — | 100,726 | 1.8 | % | |||||||||||||
Corporate bonds due | |||||||||||||||||||
Within 1 year | 19,500 | 3 | — | 19,503 | 0.49 | % | |||||||||||||
1 to 5 years | 317,190 | 1,980 | (130 | ) | 319,040 | 0.75 | % | ||||||||||||
5 to 10 years | 113,060 | 1,180 | (768 | ) | 113,472 | 1.53 | % | ||||||||||||
Municipal bonds due | |||||||||||||||||||
Over 10 years | 20,422 | 2,123 | — | 22,545 | 6.45 | % | |||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,245,400 | 10,270 | (4,494 | ) | 1,251,176 | 2.18 | % | ||||||||||||
2,350,864 | 19,686 | (9,602 | ) | 2,360,948 | 1.7 | % | |||||||||||||
Held-to-maturity securities | |||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||
Agency pass-through certificates | 1,654,666 | 3,387 | (75,204 | ) | 1,582,849 | 3.14 | % | ||||||||||||
1,654,666 | 3,387 | (75,204 | ) | 1,582,849 | 3.14 | % | |||||||||||||
$ | 4,005,530 | $ | 23,073 | $ | (84,806 | ) | $ | 3,943,797 | 2.3 | % | |||||||||
Schedule of unrealized losses and fair value of securities | ' | ||||||||||||||||||
The following table shows the unrealized gross losses and fair value of securities at September 30, 2014 and September 30, 2013, by length of time that individual securities in each category have been in a continuous loss position. The Bank had $1,642,718,000 securities in a continuous loss position for 12 or more months at September 30, 2014, and $190,357,000 securities in a continuous loss position for 12 months at September 30, 2013, which consisted of corporate bonds, U.S. government and agency securities, and mortgage-backed securities. Management believes that the declines in fair value of these investments are not an other than temporary impairment as these losses are due to a change in interest rates rather than any credit deterioration. The impairment is also deemed to be temporary because: 1) the Bank does not intend to sell the security, and 2) It is not more likely than not that it will be required to sell the security before recovery of the entire amortized cost basis of the security. | |||||||||||||||||||
As of September 30, | 2014 | ||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||
Unrealized | Fair | Unrealized | Fair | Unrealized | Fair | ||||||||||||||
Gross Losses | Value | Gross Losses | Value | Gross Losses | Value | ||||||||||||||
(In thousands) | |||||||||||||||||||
Corporate Bonds | $ | (125 | ) | $ | 24,875 | $ | (845 | ) | $ | 24,155 | $ | (970 | ) | $ | 49,030 | ||||
U.S. agency securities | (472 | ) | 316,578 | (797 | ) | 109,354 | (1,269 | ) | 425,932 | ||||||||||
Agency pass-through certificates | (215 | ) | 19,212 | (55,711 | ) | 1,509,209 | (55,926 | ) | 1,528,421 | ||||||||||
$ | (812 | ) | $ | 360,665 | $ | (57,353 | ) | $ | 1,642,718 | $ | (58,165 | ) | $ | 2,003,383 | |||||
Loans_Receivable_excluding_Cov1
Loans Receivable (excluding Covered Loans) (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||||||||||||
Schedule of loans receivable (excluding covered loans) | ' | |||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | $ | 5,560,203 | 64.1 | % | $ | 5,359,149 | 67.1 | % | ||||||||||||||||||||||||||
Construction - speculative | 140,060 | 1.6 | 130,778 | 1.6 | ||||||||||||||||||||||||||||||
Construction - custom | 385,824 | 4.5 | 302,722 | 3.8 | ||||||||||||||||||||||||||||||
Land - acquisition & development | 77,832 | 0.9 | 77,775 | 1.1 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 108,623 | 1.3 | 121,671 | 1.5 | ||||||||||||||||||||||||||||||
Multi-family | 917,286 | 10.6 | 831,684 | 10.4 | ||||||||||||||||||||||||||||||
Commercial real estate | 591,336 | 6.9 | 414,961 | 5.1 | ||||||||||||||||||||||||||||||
Commercial & industrial | 379,226 | 4.4 | 243,199 | 3 | ||||||||||||||||||||||||||||||
HELOC | 116,042 | 1.4 | 112,186 | 1.4 | ||||||||||||||||||||||||||||||
Consumer | 132,590 | 1.5 | 47,141 | 0.6 | ||||||||||||||||||||||||||||||
Total non-acquired loans | 8,409,022 | 97.2 | 7,641,266 | 95.6 | ||||||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 11,716 | 0.1 | % | 14,468 | 0.2 | % | ||||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 905 | — | 1,489 | — | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 2,507 | — | 3,313 | — | ||||||||||||||||||||||||||||||
Multi-family | 2,999 | — | 3,914 | 0.1 | ||||||||||||||||||||||||||||||
Commercial real estate | 97,898 | 1.1 | 133,423 | 1.7 | ||||||||||||||||||||||||||||||
Commercial & industrial | 54,219 | 0.6 | 75,326 | 0.9 | ||||||||||||||||||||||||||||||
HELOC | 8,274 | 0.1 | 10,179 | 0.1 | ||||||||||||||||||||||||||||||
Consumer | 5,670 | 0.1 | 8,267 | 0.1 | ||||||||||||||||||||||||||||||
Total acquired loans | 184,188 | 2 | 250,379 | 3.1 | ||||||||||||||||||||||||||||||
Credit-impaired acquired loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 325 | — | 333 | — | ||||||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 1,622 | — | 2,396 | — | ||||||||||||||||||||||||||||||
Land - consumer lot loans | — | — | — | — | ||||||||||||||||||||||||||||||
Multi-family | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial real estate | 63,723 | 0.7 | 76,909 | 1.1 | ||||||||||||||||||||||||||||||
Commercial & industrial | 643 | — | 7,925 | 0.1 | ||||||||||||||||||||||||||||||
HELOC | 10,139 | 0.1 | 11,266 | 0.1 | ||||||||||||||||||||||||||||||
Consumer | 55 | — | 71 | — | ||||||||||||||||||||||||||||||
Total credit-impaired acquired loans | 76,507 | 0.8 | 98,900 | 1.3 | ||||||||||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||||
Single-family residential | 5,572,244 | 64.2 | 5,373,950 | 67.3 | ||||||||||||||||||||||||||||||
Construction - speculative | 140,060 | 1.6 | 130,778 | 1.6 | ||||||||||||||||||||||||||||||
Construction - custom | 385,824 | 4.5 | 302,722 | 3.8 | ||||||||||||||||||||||||||||||
Land - acquisition & development | 80,359 | 0.9 | 81,660 | 1.1 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 111,130 | 1.3 | 124,984 | 1.5 | ||||||||||||||||||||||||||||||
Multi-family | 920,285 | 10.6 | 835,598 | 10.5 | ||||||||||||||||||||||||||||||
Commercial real estate | 752,957 | 8.7 | 625,293 | 7.9 | ||||||||||||||||||||||||||||||
Commercial & industrial | 434,088 | 5 | 326,450 | 4 | ||||||||||||||||||||||||||||||
HELOC | 134,455 | 1.6 | 133,631 | 1.6 | ||||||||||||||||||||||||||||||
Consumer | 138,315 | 1.6 | 55,479 | 0.7 | ||||||||||||||||||||||||||||||
Total loans | 8,669,717 | 100 | % | 7,990,545 | 100 | % | ||||||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||||||||
Allowance for probable losses | 112,347 | 116,741 | ||||||||||||||||||||||||||||||||
Loans in process | 346,172 | 275,577 | ||||||||||||||||||||||||||||||||
Discount on acquired loans | 25,391 | 34,143 | ||||||||||||||||||||||||||||||||
Deferred net origination fees | 37,485 | 36,054 | ||||||||||||||||||||||||||||||||
521,395 | 462,515 | |||||||||||||||||||||||||||||||||
$ | 8,148,322 | $ | 7,528,030 | |||||||||||||||||||||||||||||||
Schedule of fixed and adjustable rate loans | ' | |||||||||||||||||||||||||||||||||
The Company originates fixed and adjustable interest rate loans, which at September 30, 2014 consisted of the following: | ||||||||||||||||||||||||||||||||||
Fixed-Rate | Adjustable-Rate | |||||||||||||||||||||||||||||||||
Term To Maturity | Book Value | Term To Rate Adjustment | Book Value | |||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Within 1 year | $ | 366,988 | Less than 1 year | $ | 1,167,059 | |||||||||||||||||||||||||||||
1 to 3 years | 189,917 | 1 to 3 years | 562,839 | |||||||||||||||||||||||||||||||
3 to 5 years | 100,854 | 3 to 5 years | 713,975 | |||||||||||||||||||||||||||||||
5 to 10 years | 127,292 | 5 to 10 years | 12,884 | |||||||||||||||||||||||||||||||
10 to 20 years | 819,570 | 10 to 20 years | — | |||||||||||||||||||||||||||||||
Over 20 years | 4,605,687 | Over 20 years | 2,652 | |||||||||||||||||||||||||||||||
$ | 6,210,308 | $ | 2,459,409 | |||||||||||||||||||||||||||||||
Schedule of loans receivable by geographic area | ' | |||||||||||||||||||||||||||||||||
Gross loans by geographic concentration were as follows: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | Total | |||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Washington | $ | 2,711,711 | $ | 315,584 | $ | 46,091 | $ | 61,525 | $ | 211,474 | $ | 68,668 | $ | 372,239 | $ | 87,312 | $ | 16 | $ | 73,721 | $ | 3,948,341 | ||||||||||||
Oregon | 784,794 | 278,112 | 5,655 | 19,738 | 53,218 | 31,210 | 161,401 | 31,547 | — | 15,501 | 1,381,176 | |||||||||||||||||||||||
Arizona | 600,306 | 182,645 | 3,201 | 10,040 | 42,326 | 9,393 | 92,817 | 1,078 | — | 19,580 | 961,386 | |||||||||||||||||||||||
Other | 206,586 | 688 | — | — | — | — | 19,160 | 309,855 | 138,299 | 30 | 674,618 | |||||||||||||||||||||||
Utah | 471,248 | 49,755 | 5,430 | 5,293 | 28,107 | 5,640 | 3,319 | 297 | — | 7,657 | 576,746 | |||||||||||||||||||||||
Idaho | 323,320 | 25,294 | 2,277 | 9,479 | 16,008 | 12,195 | 3,656 | 769 | — | 5,008 | 398,006 | |||||||||||||||||||||||
New Mexico | 174,102 | 53,002 | 14,923 | 2,946 | 21,024 | 9,893 | 90,288 | 3,230 | — | 12,587 | 381,995 | |||||||||||||||||||||||
Texas | 180,950 | 12,852 | 2,782 | 629 | 7,941 | 3,061 | 7,722 | — | — | — | 215,937 | |||||||||||||||||||||||
Nevada | 119,227 | 2,353 | — | 1,480 | 5,726 | — | 2,355 | — | — | 371 | 131,512 | |||||||||||||||||||||||
$ | 5,572,244 | $ | 920,285 | $ | 80,359 | $ | 111,130 | $ | 385,824 | $ | 140,060 | $ | 752,957 | $ | 434,088 | $ | 138,315 | $ | 134,455 | $ | 8,669,717 | |||||||||||||
Percentage by geographic area | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | Total | |||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
As % of total gross loans | ||||||||||||||||||||||||||||||||||
Washington | 31.6 | % | 3.6 | % | 0.5 | % | 0.7 | % | 2.4 | % | 0.8 | % | 4.3 | % | 1 | % | — | % | 0.9 | % | 45.8 | % | ||||||||||||
Oregon | 9.1 | 3.2 | 0.1 | 0.2 | 0.6 | 0.4 | 1.9 | 0.4 | — | 0.2 | 16.1 | |||||||||||||||||||||||
Arizona | 6.9 | 2.1 | — | 0.1 | 0.5 | 0.1 | 1.1 | — | — | 0.2 | 11 | |||||||||||||||||||||||
Other | 2.4 | — | — | — | — | — | 0.2 | 3.6 | 1.6 | — | 7.8 | |||||||||||||||||||||||
Utah | 5.4 | 0.6 | 0.1 | 0.1 | 0.3 | 0.1 | — | — | — | 0.1 | 6.7 | |||||||||||||||||||||||
Idaho | 3.7 | 0.3 | — | 0.1 | 0.2 | 0.1 | — | — | — | 0.1 | 4.5 | |||||||||||||||||||||||
New Mexico | 2 | 0.6 | 0.2 | — | 0.2 | 0.1 | 1 | — | — | 0.1 | 4.2 | |||||||||||||||||||||||
Texas | 2.1 | 0.1 | — | — | 0.1 | — | 0.1 | — | — | — | 2.4 | |||||||||||||||||||||||
Nevada | 1.4 | — | — | — | 0.1 | — | — | — | — | — | 1.5 | |||||||||||||||||||||||
64.6 | % | 10.5 | % | 0.9 | % | 1.2 | % | 4.4 | % | 1.6 | % | 8.6 | % | 5 | % | 1.6 | % | 1.6 | % | 100 | % | |||||||||||||
Percentage by geographic area as a % of each loan type | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Single - | Multi- | Land - | Land - | Construction - custom | Construction - speculative | Commercial | Commercial | Consumer | HELOC | ||||||||||||||||||||||||
family | family | A & D | lot loans | real estate | and industrial | |||||||||||||||||||||||||||||
residential | ||||||||||||||||||||||||||||||||||
As % of total gross loans | ||||||||||||||||||||||||||||||||||
Washington | 48.7 | % | 34.3 | % | 57.3 | % | 55.3 | % | 54.8 | % | 49 | % | 49.6 | % | 20.1 | % | — | % | 54.8 | % | ||||||||||||||
Oregon | 14.1 | 30.2 | 7 | 17.8 | 13.8 | 22.3 | 21.4 | 7.3 | — | 11.5 | ||||||||||||||||||||||||
Arizona | 10.8 | 19.8 | 4 | 9 | 11 | 6.7 | 12.3 | 0.2 | — | 14.6 | ||||||||||||||||||||||||
Other | 3.7 | 0.1 | — | — | — | — | 2.5 | 71.4 | 100 | — | ||||||||||||||||||||||||
Utah | 8.5 | 5.4 | 6.8 | 4.8 | 7.3 | 4 | 0.4 | 0.1 | — | 5.7 | ||||||||||||||||||||||||
Idaho | 5.8 | 2.7 | 2.8 | 8.5 | 4.1 | 8.7 | 0.5 | 0.2 | — | 3.7 | ||||||||||||||||||||||||
New Mexico | 3.1 | 5.8 | 18.6 | 2.7 | 5.4 | 7.1 | 12 | 0.7 | — | 9.4 | ||||||||||||||||||||||||
Texas | 3.2 | 1.4 | 3.5 | 0.6 | 2.1 | 2.2 | 1 | — | — | — | ||||||||||||||||||||||||
Nevada | 2.1 | 0.3 | — | 1.3 | 1.5 | — | 0.3 | — | — | 0.3 | ||||||||||||||||||||||||
100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||
Schedule of impaired loans, loan commitments and loans serviced | ' | |||||||||||||||||||||||||||||||||
The following table provides additional information on impaired loans, loan commitments and loans serviced for others: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Recorded investment in impaired loans | $ | 435,185 | $ | 454,557 | ||||||||||||||||||||||||||||||
Trouble Debt Restructuring included in impaired loans | 374,743 | 415,696 | ||||||||||||||||||||||||||||||||
Impaired loans with allocated reserves | 196 | 6,035 | ||||||||||||||||||||||||||||||||
Reserves on impaired loans | 60 | 3,473 | ||||||||||||||||||||||||||||||||
Average balance of impaired loans | 403,138 | 495,472 | ||||||||||||||||||||||||||||||||
Interest income from impaired loans | 21,674 | 24,798 | ||||||||||||||||||||||||||||||||
Outstanding fixed-rate origination commitments | 198,504 | 190,363 | ||||||||||||||||||||||||||||||||
Loans serviced for others | 86,745 | 55,589 | ||||||||||||||||||||||||||||||||
Non accrual loans held by the company | ' | |||||||||||||||||||||||||||||||||
The following table sets forth information regarding non-accrual loans held by the Company: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Non-accrual loans: | ||||||||||||||||||||||||||||||||||
Single-family residential | $ | 74,067 | 84.8 | % | $ | 100,460 | 76.5 | % | ||||||||||||||||||||||||||
Construction - speculative | 1,477 | 1.7 | 4,560 | 3.5 | ||||||||||||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - acquisition & development | 811 | 0.9 | 2,903 | 2.2 | ||||||||||||||||||||||||||||||
Land - consumer lot loans | 2,637 | 3 | 3,337 | 2.5 | ||||||||||||||||||||||||||||||
Multi-family | 1,742 | 2 | 6,573 | 5 | ||||||||||||||||||||||||||||||
Commercial real estate | 5,106 | 5.8 | 11,736 | 8.9 | ||||||||||||||||||||||||||||||
Commercial & industrial | 7 | — | 477 | 0.4 | ||||||||||||||||||||||||||||||
HELOC | 795 | 0.9 | 263 | 0.2 | ||||||||||||||||||||||||||||||
Consumer | 789 | 0.9 | 990 | 0.8 | ||||||||||||||||||||||||||||||
Total non-accrual loans | $ | 87,431 | 100 | % | $ | 131,299 | 100 | % | ||||||||||||||||||||||||||
Aging of past due loans | ' | |||||||||||||||||||||||||||||||||
The following tables provide an analysis of the age of loans in past due status: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | Amount of Loans | Days Delinquent Based on $ Amount of Loans | % based | |||||||||||||||||||||||||||||||
Type of Loan | Net of LIP & Chg.-Offs | Current | 30 | 60 | 90 | Total | on $ | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | $ | 5,557,753 | $ | 5,467,239 | $ | 15,926 | $ | 9,139 | $ | 65,449 | $ | 90,514 | 1.63 | % | ||||||||||||||||||||
Construction - Speculative | 87,035 | 87,035 | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | 192,098 | 191,262 | 836 | — | — | 836 | 0.44 | |||||||||||||||||||||||||||
Land - Acquisition & Development | 68,066 | 67,911 | 155 | — | — | 155 | 0.23 | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | 108,589 | 104,571 | 1,246 | 304 | 2,468 | 4,018 | 3.7 | |||||||||||||||||||||||||||
Multi-Family | 892,196 | 891,372 | 205 | 16 | 603 | 824 | 0.09 | |||||||||||||||||||||||||||
Commercial Real Estate | 529,453 | 513,409 | 67 | 15,118 | 859 | 16,044 | 3.03 | |||||||||||||||||||||||||||
Commercial & Industrial | 379,226 | 377,848 | 53 | 1,318 | 7 | 1,378 | 0.36 | |||||||||||||||||||||||||||
HELOC | 116,262 | 115,262 | 335 | 292 | 373 | 1,000 | 0.86 | |||||||||||||||||||||||||||
Consumer | 132,686 | 131,642 | 654 | 262 | 128 | 1,044 | 0.79 | |||||||||||||||||||||||||||
Total non-acquired loans | 8,063,364 | 7,947,551 | 19,477 | 26,449 | 69,887 | 115,813 | 1.44 | % | ||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | 11,716 | 11,693 | — | — | 23 | 23 | 0.2 | % | ||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Acquisition & Development | 905 | 905 | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | 2,502 | 2,132 | — | 370 | — | 370 | 14.79 | |||||||||||||||||||||||||||
Multi-Family | 2,999 | 2,999 | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 97,715 | 96,948 | 104 | — | 663 | 767 | 0.78 | |||||||||||||||||||||||||||
Commercial & Industrial | 51,329 | 51,229 | — | 100 | — | 100 | 0.19 | |||||||||||||||||||||||||||
HELOC | 8,056 | 8,056 | — | — | — | — | — | |||||||||||||||||||||||||||
Consumer | 5,670 | 4,983 | 22 | 4 | 661 | 687 | 12.12 | |||||||||||||||||||||||||||
Total acquired loans | 180,892 | 178,945 | 126 | 474 | 1,347 | 1,947 | 1.08 | % | ||||||||||||||||||||||||||
Credit-impaired acquired loans | ||||||||||||||||||||||||||||||||||
Single-Family Residential | 325 | 325 | — | — | — | — | — | % | ||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Acquisition & Development | 1,581 | 1,581 | — | — | — | — | — | |||||||||||||||||||||||||||
Land - Consumer Lot Loans | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Multi-Family | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 63,713 | 61,713 | 152 | 909 | 939 | 2,000 | 3.14 | |||||||||||||||||||||||||||
Commercial & Industrial | 3,477 | 3,470 | 7 | — | — | 7 | 0.2 | |||||||||||||||||||||||||||
HELOC | 10,138 | 9,641 | — | 75 | 422 | 497 | 4.9 | |||||||||||||||||||||||||||
Consumer | 54 | 54 | — | — | — | — | — | |||||||||||||||||||||||||||
Total credit-impaired acquired loans | 79,288 | 76,784 | 159 | 984 | 1,361 | 2,504 | 3.16 | % | ||||||||||||||||||||||||||
Total loans | $ | 8,323,544 | $ | 8,203,280 | $ | 19,762 | $ | 27,907 | $ | 72,595 | $ | 120,264 | 1.44 | % | ||||||||||||||||||||
Schedule of loan modifications | ' | |||||||||||||||||||||||||||||||||
The following tables provides information related to loans that were restructured during the period ending: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | |||||||||||||||||||||||||||||
Troubled Debt Restructurings: | Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Single-Family Residential | 241 | $ | 52,900 | $ | 52,900 | 406 | $ | 105,551 | $ | 105,551 | ||||||||||||||||||||||||
Construction - Speculative | — | — | — | 1 | 2,470 | 2,470 | ||||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Land - Acquisition & Development | 3 | 631 | 631 | 1 | 461 | 461 | ||||||||||||||||||||||||||||
Land - Consumer Lot Loans | 13 | 2,315 | 2,315 | 25 | 3,134 | 3,134 | ||||||||||||||||||||||||||||
Multi-Family | 2 | 1,196 | 1,196 | 1 | 36 | 36 | ||||||||||||||||||||||||||||
Commercial Real Estate | 3 | 2,177 | 2,177 | 15 | 11,523 | 11,523 | ||||||||||||||||||||||||||||
Commercial & Industrial | — | — | — | 1 | 56 | 56 | ||||||||||||||||||||||||||||
HELOC | 2 | 549 | 549 | 1 | 199 | 199 | ||||||||||||||||||||||||||||
Consumer | 3 | 35 | 35 | 2 | 33 | 33 | ||||||||||||||||||||||||||||
267 | $ | 59,803 | $ | 59,803 | 453 | $ | 123,463 | $ | 123,463 | |||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Single-Family Residential | 38 | $ | 7,427 | 78 | $ | 17,120 | ||||||||||||||||||||||||||||
Construction - Speculative | — | — | — | — | ||||||||||||||||||||||||||||||
Construction - Custom | — | — | — | — | ||||||||||||||||||||||||||||||
Land - Acquisition & Development | — | — | — | — | ||||||||||||||||||||||||||||||
Land - Consumer Lot Loans | 8 | 969 | 2 | 237 | ||||||||||||||||||||||||||||||
Multi-Family | — | — | — | — | ||||||||||||||||||||||||||||||
Commercial Real Estate | — | — | 2 | 2,703 | ||||||||||||||||||||||||||||||
Commercial & Industrial | — | — | — | — | ||||||||||||||||||||||||||||||
HELOC | — | — | 1 | 79 | ||||||||||||||||||||||||||||||
Consumer | — | — | — | — | ||||||||||||||||||||||||||||||
46 | $ | 8,396 | 83 | $ | 20,139 | |||||||||||||||||||||||||||||
Schedule of changes in the accretable yield for credit impaired acquired loans | ' | |||||||||||||||||||||||||||||||||
The following table shows the changes in accretable yield for acquired impaired loans and acquired non-impaired loans for the years ended September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||||
Acquired Impaired | Acquired Non-impaired | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | |||||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | Yield | Amount of | Yield | Amount of | |||||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | $ | 16,928 | $ | 77,613 | $ | — | $ | — | ||||||||||||||||||
Additions | 7,300 | — | — | — | — | 9,865 | 10,804 | 351,335 | ||||||||||||||||||||||||||
Net reclassification from nonaccretable | — | — | — | — | 30,026 | — | — | — | ||||||||||||||||||||||||||
Accretion | (11,945 | ) | 11,945 | (723 | ) | 723 | (9,718 | ) | 9,718 | (5,827 | ) | 5,827 | ||||||||||||||||||||||
Transfers to REO | — | (1,188 | ) | — | (4,710 | ) | — | (3,975 | ) | — | (7,755 | ) | ||||||||||||||||||||||
Payments received, net | — | (22,704 | ) | — | (63,946 | ) | — | (23,503 | ) | — | (104,034 | ) | ||||||||||||||||||||||
Ending Balance | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | ||||||||||||||||||
Schedule of loans Acquired, probable payments not collected | ' | |||||||||||||||||||||||||||||||||
The following table shows loans that were acquired during fiscal 2012 as part of the Western National Bank acquisition and are accounted for under FASB ASC 310-30: | ||||||||||||||||||||||||||||||||||
Western National Bank | ||||||||||||||||||||||||||||||||||
(In thousands) | 16-Dec-11 | |||||||||||||||||||||||||||||||||
Contractually required payments of interest and principal | $ | 171,515 | ||||||||||||||||||||||||||||||||
Nonaccretable difference | (56,440 | ) | ||||||||||||||||||||||||||||||||
Cash flows expected to be collected (1) | 115,075 | |||||||||||||||||||||||||||||||||
Accretable yield | (21,384 | ) | ||||||||||||||||||||||||||||||||
Carrying value of acquired loans | $ | 93,691 | ||||||||||||||||||||||||||||||||
(1) Represents undiscounted expected principal and interest cash flows |
Allowance_for_Losses_on_Loans_
Allowance for Losses on Loans (Tables) | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Receivables [Abstract] | ' | |||||||||||||||||||||||
Summary of activity in allowance for loan losses | ' | |||||||||||||||||||||||
The following table summarizes the activity in the allowance for loan losses for the twelve months ended September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 64,184 | $ | (8,529 | ) | $ | 17,684 | $ | (10,576 | ) | $ | 62,763 | ||||||||||||
Construction - speculative | 8,407 | (949 | ) | 97 | (813 | ) | 6,742 | |||||||||||||||||
Construction - custom | 882 | — | — | 813 | 1,695 | |||||||||||||||||||
Land - acquisition & development | 9,165 | (541 | ) | 3,071 | (6,103 | ) | 5,592 | |||||||||||||||||
Land - consumer lot loans | 3,552 | (658 | ) | 22 | 161 | 3,077 | ||||||||||||||||||
Multi-family | 3,816 | — | — | 432 | 4,248 | |||||||||||||||||||
Commercial real estate | 5,595 | (105 | ) | 33 | 2,025 | 7,548 | ||||||||||||||||||
Commercial & industrial | 16,614 | (826 | ) | 5,043 | (4,304 | ) | 16,527 | |||||||||||||||||
HELOC | 1,002 | (48 | ) | — | (26 | ) | 928 | |||||||||||||||||
Consumer | 3,524 | (3,443 | ) | 3,513 | (367 | ) | 3,227 | |||||||||||||||||
$ | 116,741 | $ | (15,099 | ) | $ | 29,463 | $ | (18,758 | ) | $ | 112,347 | |||||||||||||
September 30, 2013 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 81,815 | $ | (20,947 | ) | $ | 9,416 | $ | (6,100 | ) | $ | 64,184 | ||||||||||||
Construction - speculative | 12,060 | (1,446 | ) | 501 | (2,708 | ) | 8,407 | |||||||||||||||||
Construction - custom | 347 | (481 | ) | — | 1,016 | 882 | ||||||||||||||||||
Land - acquisition & development | 15,598 | (3,983 | ) | 4,105 | (6,555 | ) | 9,165 | |||||||||||||||||
Land - consumer lot loans | 4,937 | (1,363 | ) | 40 | (62 | ) | 3,552 | |||||||||||||||||
Multi-family | 5,280 | (1,043 | ) | 171 | (592 | ) | 3,816 | |||||||||||||||||
Commercial real estate | 1,956 | (747 | ) | 17 | 4,369 | 5,595 | ||||||||||||||||||
Commercial & industrial | 7,626 | (1,145 | ) | 95 | 10,038 | 16,614 | ||||||||||||||||||
HELOC | 965 | (163 | ) | — | 200 | 1,002 | ||||||||||||||||||
Consumer | 2,563 | (2,783 | ) | 2,000 | 1,744 | 3,524 | ||||||||||||||||||
$ | 133,147 | $ | (34,101 | ) | $ | 16,345 | $ | 1,350 | $ | 116,741 | ||||||||||||||
Summary of loans collectively and individually evaluated for impairment and related allocation of reserves | ' | |||||||||||||||||||||||
The following tables show a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Loans Collectively Evaluated for Impairment | Loans Individually Evaluated for Impairment | ||||||||||||||||||||||
General Reserve | Gross Loans Subject to | Ratio | Specific Reserve | Gross Loans Subject to | Ratio | |||||||||||||||||||
Allocation | General Reserve (1) | Allocation | Specific Reserve (1) | |||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 62,067 | $ | 5,487,331 | 1.1 | % | $ | — | $ | 72,869 | — | % | ||||||||||||
Construction - speculative | 6,682 | 130,901 | 5.5 | 60 | 9,159 | 0.7 | ||||||||||||||||||
Construction - custom | 1,695 | 385,464 | 0.5 | — | 360 | — | ||||||||||||||||||
Land - acquisition & development | 5,592 | 73,999 | 7.6 | — | 3,833 | — | ||||||||||||||||||
Land - consumer lot loans | 3,077 | 95,684 | 3.2 | — | 12,939 | — | ||||||||||||||||||
Multi-family | 4,248 | 911,162 | 0.5 | — | 6,124 | — | ||||||||||||||||||
Commercial real estate | 7,548 | 563,534 | 1.4 | — | 27,802 | — | ||||||||||||||||||
Commercial & industrial | 17,223 | 421,816 | 4.6 | — | — | — | ||||||||||||||||||
HELOC | 928 | 114,393 | 0.9 | — | 1,650 | — | ||||||||||||||||||
Consumer | 3,227 | 132,590 | 2.4 | — | — | — | ||||||||||||||||||
$ | 112,287 | $ | 8,316,874 | 1.4 | % | $ | 60 | $ | 134,736 | — | % | |||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans | |||||||||||||||||||||||
September 30, 2013 | Loans Collectively Evaluated for Impairment | Loans Individually Evaluated for Impairment | ||||||||||||||||||||||
General Reserve | Gross Loans Subject to | Ratio | Specific Reserve | Gross Loans Subject to | Ratio | |||||||||||||||||||
Allocation | General Reserve (1) | Allocation | Specific Reserve (1) | |||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 64,184 | $ | 5,262,159 | 1.2 | % | $ | — | $ | 96,989 | — | % | ||||||||||||
Construction - speculative | 7,307 | 115,554 | 6.3 | 1,100 | 15,224 | 7.2 | ||||||||||||||||||
Construction - custom | 882 | 302,722 | 0.3 | — | — | — | ||||||||||||||||||
Land - acquisition & development | 6,943 | 67,521 | 10.3 | 2,222 | 10,254 | 21.7 | ||||||||||||||||||
Land - consumer lot loans | 3,506 | 107,216 | 3.3 | 46 | 14,455 | 0.3 | ||||||||||||||||||
Multi-family | 3,711 | 824,279 | 0.5 | 105 | 7,405 | 1.4 | ||||||||||||||||||
Commercial real estate | 5,595 | 400,789 | 1.4 | — | 14,172 | — | ||||||||||||||||||
Commercial & industrial | 16,614 | 256,954 | 6.5 | — | 48 | — | ||||||||||||||||||
HELOC | 1,002 | 111,169 | 0.9 | — | 1,017 | — | ||||||||||||||||||
Consumer | 3,524 | 47,141 | 7.5 | — | — | — | ||||||||||||||||||
$ | 113,268 | $ | 7,495,504 | 1.5 | % | $ | 3,473 | $ | 159,564 | 2.2 | % | |||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans | |||||||||||||||||||||||
Summary of loans based on credit quality indicators | ' | |||||||||||||||||||||||
The following tables provide information on loans based on credit quality indicators (defined above) as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,426,895 | $ | 2,793 | $ | 130,515 | $ | — | $ | — | $ | 5,560,203 | ||||||||||||
Construction - speculative | 134,950 | — | 5,110 | — | — | 140,060 | ||||||||||||||||||
Construction - custom | 385,824 | — | — | — | — | 385,824 | ||||||||||||||||||
Land - acquisition & development | 71,692 | — | 6,140 | — | — | 77,832 | ||||||||||||||||||
Land - consumer lot loans | 108,013 | — | 610 | — | — | 108,623 | ||||||||||||||||||
Multi-family | 912,728 | — | 4,558 | — | — | 917,286 | ||||||||||||||||||
Commercial real estate | 557,914 | 1,971 | 31,451 | — | — | 591,336 | ||||||||||||||||||
Commercial & industrial | 359,221 | 14,740 | 5,265 | — | — | 379,226 | ||||||||||||||||||
HELOC | 115,794 | — | 248 | — | — | 116,042 | ||||||||||||||||||
Consumer | 132,349 | — | 241 | — | — | 132,590 | ||||||||||||||||||
8,205,380 | 19,504 | 184,138 | — | — | 8,409,022 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 11,716 | — | — | — | — | 11,716 | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||
Land - acquisition & development | 503 | — | 402 | — | — | 905 | ||||||||||||||||||
Land - consumer lot loans | 2,507 | — | — | — | — | 2,507 | ||||||||||||||||||
Multi-family | 2,999 | — | — | — | — | 2,999 | ||||||||||||||||||
Commercial real estate | 88,974 | 2,571 | 6,353 | — | — | 97,898 | ||||||||||||||||||
Commercial & industrial | 36,311 | 13,642 | 4,208 | 58 | — | 54,219 | ||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | ||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | ||||||||||||||||||
156,954 | 16,213 | 10,963 | 58 | — | 184,188 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,292 | — | 330 | — | — | 1,622 | ||||||||||||||||||
Pool 2 - Single-family residential | 325 | — | — | — | — | 325 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 10,194 | — | — | — | — | 10,194 | ||||||||||||||||||
Pool 5 - Commercial real estate | 48,878 | 2,143 | 12,702 | — | — | 63,723 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 643 | — | — | — | — | 643 | ||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 13,032 | — | — | 76,507 | ||||||||||||||||||
Total gross loans | $ | 8,423,666 | $ | 37,860 | $ | 208,133 | $ | 58 | $ | — | $ | 8,669,717 | ||||||||||||
Total grade as a % of total gross loans | 97.2 | % | 0.4 | % | 2.4 | % | — | % | — | % | ||||||||||||||
September 30, 2013 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,184,101 | $ | 4,595 | $ | 170,453 | $ | — | $ | — | $ | 5,359,149 | ||||||||||||
Construction - speculative | 99,436 | 3,199 | 28,143 | — | — | 130,778 | ||||||||||||||||||
Construction - custom | 302,722 | — | — | — | — | 302,722 | ||||||||||||||||||
Land - acquisition & development | 64,355 | 775 | 12,645 | — | — | 77,775 | ||||||||||||||||||
Land - consumer lot loans | 121,039 | — | 632 | — | — | 121,671 | ||||||||||||||||||
Multi-family | 819,911 | 2,114 | 9,659 | — | — | 831,684 | ||||||||||||||||||
Commercial real estate | 373,012 | 21,652 | 20,297 | — | — | 414,961 | ||||||||||||||||||
Commercial & industrial | 240,441 | 1,049 | 1,709 | — | — | 243,199 | ||||||||||||||||||
HELOC | 112,186 | — | — | — | — | 112,186 | ||||||||||||||||||
Consumer | 46,720 | — | 421 | — | — | 47,141 | ||||||||||||||||||
7,363,923 | 33,384 | 243,959 | — | — | 7,641,266 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 14,468 | — | — | — | — | 14,468 | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||
Land - acquisition & development | 312 | — | 1,177 | — | — | 1,489 | ||||||||||||||||||
Land - consumer lot loans | 3,313 | — | — | — | — | 3,313 | ||||||||||||||||||
Multi-family | 3,227 | — | 687 | — | — | 3,914 | ||||||||||||||||||
Commercial real estate | 105,055 | 4,190 | 24,178 | — | — | 133,423 | ||||||||||||||||||
Commercial & industrial | 64,933 | 1,309 | 9,084 | — | — | 75,326 | ||||||||||||||||||
HELOC | 10,179 | — | — | — | — | 10,179 | ||||||||||||||||||
Consumer | 8,267 | — | — | — | — | 8,267 | ||||||||||||||||||
209,754 | 5,499 | 35,126 | — | — | 250,379 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 980 | 461 | 955 | — | — | 2,396 | ||||||||||||||||||
Pool 2 - Single-family residential | 333 | — | — | — | — | 333 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 11,337 | — | — | — | — | 11,337 | ||||||||||||||||||
Pool 5 - Commercial real estate | 52,509 | 3,155 | 21,245 | — | — | 76,909 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 881 | — | 7,044 | — | — | 7,925 | ||||||||||||||||||
Total credit impaired acquired loans | 66,040 | 3,616 | 29,244 | — | — | 98,900 | ||||||||||||||||||
Total gross loans | $ | 7,639,717 | $ | 42,499 | $ | 308,329 | $ | — | $ | — | $ | 7,990,545 | ||||||||||||
Total grade as a % of total gross loans | 95.6 | % | 0.5 | % | 3.9 | % | — | % | — | % | ||||||||||||||
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2014: | ||||||||||||||||||||||||
Internally Assigned Grade | Total | |||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Net Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Purchased non-credit impaired loans: | ||||||||||||||||||||||||
Single-family residential | $ | 21,311 | $ | — | $ | 1,756 | $ | — | $ | — | $ | 23,067 | ||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||
Land - acquisition & development | 972 | — | 392 | — | — | 1,364 | ||||||||||||||||||
Land - consumer lot loans | 73 | — | — | — | — | 73 | ||||||||||||||||||
Multi-family | 6,598 | — | — | — | — | 6,598 | ||||||||||||||||||
Commercial real estate | 26,940 | 115 | 24,281 | — | — | 51,336 | ||||||||||||||||||
Commercial & industrial | 2,801 | — | 2,691 | — | — | 5,492 | ||||||||||||||||||
HELOC | 11,777 | — | — | — | — | 11,777 | ||||||||||||||||||
Consumer | 454 | — | — | — | — | 454 | ||||||||||||||||||
70,926 | 115 | 29,120 | — | — | 100,161 | |||||||||||||||||||
Total grade as a % of total net loans | 70.8 | % | 0.1 | % | 29.1 | % | — | % | — | % | ||||||||||||||
Purchased credit impaired loans: | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 8,349 | — | 11,912 | — | — | 20,261 | ||||||||||||||||||
Pool 2 - Single-family residential | 15,585 | — | 379 | — | — | 15,964 | ||||||||||||||||||
Pool 3 - Multi-family | 52 | — | 471 | — | — | 523 | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 2,804 | — | 1,173 | — | — | 3,977 | ||||||||||||||||||
Pool 5 - Commercial real estate | 33,909 | 700 | 29,782 | — | — | 64,391 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 3,509 | — | 3,892 | 525 | — | 7,926 | ||||||||||||||||||
$ | 64,208 | $ | 700 | $ | 47,609 | $ | 525 | $ | — | $ | 113,042 | |||||||||||||
Total covered loans | 213,203 | |||||||||||||||||||||||
Discount | (34,483 | ) | ||||||||||||||||||||||
Allowance | $ | (2,244 | ) | |||||||||||||||||||||
Covered loans, net | $ | 176,476 | ||||||||||||||||||||||
Schedule of Credit Risk Profile by Payment Activity | ' | |||||||||||||||||||||||
The following tables provide information on non-acquired loans based on payment activity as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 5,486,136 | 98.7 | % | $ | 74,067 | 1.3 | % | ||||||||||||||||
Construction - speculative | 138,583 | 98.9 | 1,477 | 1.1 | ||||||||||||||||||||
Construction - custom | 385,824 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 77,021 | 99 | 811 | 1 | ||||||||||||||||||||
Land - consumer lot loans | 105,986 | 97.6 | 2,637 | 2.4 | ||||||||||||||||||||
Multi-family | 915,544 | 99.8 | 1,742 | 0.2 | ||||||||||||||||||||
Commercial real estate | 586,230 | 99.1 | 5,106 | 0.9 | ||||||||||||||||||||
Commercial & industrial | 379,219 | 100 | 7 | — | ||||||||||||||||||||
HELOC | 115,247 | 99.3 | 795 | 0.7 | ||||||||||||||||||||
Consumer | 131,801 | 99.4 | 789 | 0.6 | ||||||||||||||||||||
$ | 8,321,591 | 99 | % | $ | 87,431 | 1 | % | |||||||||||||||||
September 30, 2013 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||
Single-family residential | $ | 5,258,688 | 98.1 | % | $ | 100,460 | 1.9 | % | ||||||||||||||||
Construction - speculative | 126,218 | 96.5 | 4,560 | 3.5 | ||||||||||||||||||||
Construction - custom | 302,722 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 74,872 | 96.3 | 2,903 | 3.7 | ||||||||||||||||||||
Land - consumer lot loans | 118,334 | 97.3 | 3,337 | 2.7 | ||||||||||||||||||||
Multi-family | 825,111 | 99.2 | 6,573 | 0.8 | ||||||||||||||||||||
Commercial real estate | 389,423 | 97.1 | 11,736 | 2.9 | ||||||||||||||||||||
Commercial & industrial | 256,525 | 99.8 | 477 | 0.2 | ||||||||||||||||||||
HELOC | 111,923 | 99.8 | 263 | 0.2 | ||||||||||||||||||||
Consumer | 46,151 | 97.9 | 990 | 2.1 | ||||||||||||||||||||
$ | 7,509,967 | 98.3 | % | $ | 131,299 | 1.7 | % | |||||||||||||||||
Summary of impaired loans based on type | ' | |||||||||||||||||||||||
The following tables provide information on impaired loans based on loan types as of September 30, 2014 and 2013: | ||||||||||||||||||||||||
September 30, 2014 | Recorded | Unpaid | Related | Average | ||||||||||||||||||||
Investment | Principal | Allowance | Recorded | |||||||||||||||||||||
Balance | Investment | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 24,044 | $ | 26,628 | $ | — | $ | 16,843 | ||||||||||||||||
Construction - speculative | 1,603 | 2,173 | — | 1,804 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 837 | 2,325 | — | 1,038 | ||||||||||||||||||||
Land - consumer lot loans | 974 | 1,072 | — | 713 | ||||||||||||||||||||
Multi-family | 1,111 | 1,111 | — | 327 | ||||||||||||||||||||
Commercial real estate | 13,234 | 20,085 | — | 11,720 | ||||||||||||||||||||
Commercial & industrial | 3,195 | 17,166 | — | 3,900 | ||||||||||||||||||||
HELOC | 1,019 | 1,730 | — | 612 | ||||||||||||||||||||
Consumer | 663 | 833 | — | 517 | ||||||||||||||||||||
46,680 | 73,123 | — | 37,474 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 322,320 | 327,869 | 10,527 | 316,348 | ||||||||||||||||||||
Construction - speculative | 7,556 | 7,986 | 60 | 7,532 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 4,696 | 5,636 | — | 4,114 | ||||||||||||||||||||
Land - consumer lot loans | 13,002 | 13,385 | — | 12,858 | ||||||||||||||||||||
Multi-family | 5,243 | 5,463 | — | 4,957 | ||||||||||||||||||||
Commercial real estate | 34,159 | 35,028 | — | 18,572 | ||||||||||||||||||||
Commercial & industrial | — | — | — | — | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,204 | ||||||||||||||||||||
Consumer | 43 | 214 | — | 79 | ||||||||||||||||||||
388,505 | 397,067 | 10,587 | 365,664 | |||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 346,364 | 354,497 | 10,527 | 333,191 | ||||||||||||||||||||
Construction - speculative | 9,159 | 10,159 | 60 | 9,336 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 5,533 | 7,961 | — | 5,152 | ||||||||||||||||||||
Land - consumer lot loans | 13,976 | 14,457 | — | 13,571 | ||||||||||||||||||||
Multi-family | 6,354 | 6,574 | — | 5,284 | ||||||||||||||||||||
Commercial real estate | 47,393 | 55,113 | — | 30,292 | ||||||||||||||||||||
Commercial & industrial | 3,195 | 17,166 | — | 3,900 | ||||||||||||||||||||
HELOC | 2,505 | 3,216 | — | 1,816 | ||||||||||||||||||||
Consumer | 706 | 1,047 | — | 596 | ||||||||||||||||||||
$ | 435,185 | $ | 470,190 | $ | 10,587 | $ | 403,138 | |||||||||||||||||
____________________ | ||||||||||||||||||||||||
-1 | Includes $60,000 of specific reserves and $10,527,000 included in the general reserves. | |||||||||||||||||||||||
September 30, 2013 | Recorded | Unpaid | Related | Average | ||||||||||||||||||||
Investment | Principal | Allowance | Recorded | |||||||||||||||||||||
Balance | Investment | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 33,883 | $ | 38,928 | $ | — | $ | 21,458 | ||||||||||||||||
Construction - speculative | 3,891 | 4,099 | — | 3,339 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 3,020 | 10,705 | — | 2,548 | ||||||||||||||||||||
Land - consumer lot loans | 3,186 | 3,376 | — | 1,839 | ||||||||||||||||||||
Multi-family | 4,929 | 4,929 | — | 1,734 | ||||||||||||||||||||
Commercial real estate | 23,537 | 31,876 | — | 9,651 | ||||||||||||||||||||
Commercial & industrial | 7,279 | 31,197 | — | 3,123 | ||||||||||||||||||||
HELOC | 446 | 946 | — | 133 | ||||||||||||||||||||
Consumer | 601 | 618 | — | 127 | ||||||||||||||||||||
80,772 | 126,674 | — | 43,952 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 335,140 | 341,910 | 15,137 | 330,407 | ||||||||||||||||||||
Construction - speculative | 8,892 | 9,342 | 1,100 | 12,362 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 2,598 | 4,002 | — | 8,315 | ||||||||||||||||||||
Land - consumer lot loans | 12,631 | 13,014 | 2,222 | 12,301 | ||||||||||||||||||||
Multi-family | 5,958 | 6,178 | 46 | 7,731 | ||||||||||||||||||||
Commercial real estate | 7,539 | 8,476 | 105 | 9,321 | ||||||||||||||||||||
Commercial & industrial | 56 | 56 | — | 11 | ||||||||||||||||||||
HELOC | 938 | 938 | — | 858 | ||||||||||||||||||||
Consumer | 33 | 33 | — | 9 | ||||||||||||||||||||
373,785 | 383,949 | 18,610 | -1 | 381,315 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 369,023 | 380,838 | 15,137 | 351,865 | ||||||||||||||||||||
Construction - speculative | 12,783 | 13,441 | 1,100 | 15,701 | ||||||||||||||||||||
Construction - custom | — | — | — | — | ||||||||||||||||||||
Land - acquisition & development | 5,618 | 14,707 | — | 10,863 | ||||||||||||||||||||
Land - consumer lot loans | 15,817 | 16,390 | 2,222 | 14,140 | ||||||||||||||||||||
Multi-family | 10,887 | 11,107 | 46 | 9,465 | ||||||||||||||||||||
Commercial real estate | 31,076 | 40,352 | 105 | 18,972 | ||||||||||||||||||||
Commercial & industrial | 7,335 | 31,253 | — | 3,134 | ||||||||||||||||||||
HELOC | 1,384 | 1,884 | — | 991 | ||||||||||||||||||||
Consumer | 634 | 651 | — | 136 | ||||||||||||||||||||
$ | 454,557 | $ | 510,623 | $ | 18,610 | -1 | $ | 425,267 | ||||||||||||||||
____________________ | ||||||||||||||||||||||||
-1 | Includes $3,473,000 of specific reserves and $15,137,000 included in the general reserves. |
Interest_Receivable_Tables
Interest Receivable (Tables) | 12 Months Ended | ||||||
Sep. 30, 2014 | |||||||
Receivables [Abstract] | ' | ||||||
Schedule of interest receivable | ' | ||||||
September 30, | 2014 | 2013 | |||||
(In thousands) | |||||||
Loans receivable | $ | 40,986 | $ | 41,043 | |||
Mortgage-backed securities | 7,427 | 6,428 | |||||
Investment securities | 3,624 | 1,747 | |||||
$ | 52,037 | $ | 49,218 | ||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
September 30, | 2014 | 2013 | |||||||
Estimated | (In thousands) | ||||||||
Useful Life | |||||||||
Land | — | $ | 113,353 | $ | 92,560 | ||||
Buildings | 25 - 40 | 143,627 | 132,822 | ||||||
Leasehold improvements | 7 - 15 | 8,547 | 8,411 | ||||||
Capitalized software | 5 | 11,557 | — | ||||||
Furniture, fixtures and equipment | 2 - 10 | 53,597 | 36,798 | ||||||
330,681 | 270,591 | ||||||||
Less accumulated depreciation and amortization | (73,138 | ) | (64,419 | ) | |||||
$ | 257,543 | $ | 206,172 | ||||||
Customer_Accounts_Tables
Customer Accounts (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Banking and Thrift [Abstract] | ' | |||||||||
Schedule of deposits | ' | |||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Checking accounts, .15% and under | $ | 2,331,170 | $ | 1,247,885 | ||||||
Passbook and statement accounts, .20% and under | 622,546 | 404,937 | ||||||||
Insured money market accounts, .01% to .30% | 2,536,971 | 1,888,020 | ||||||||
Certificate accounts | ||||||||||
Less than 2.00% | 4,524,158 | 4,716,427 | ||||||||
2.00% to 2.99% | 602,683 | 631,256 | ||||||||
3.00% to 3.99% | 98,610 | 175,549 | ||||||||
4.00% to 4.99% | 146 | 25,335 | ||||||||
5.00% to 5.99% | 644 | 862 | ||||||||
Total certificates | 5,226,241 | 5,549,429 | ||||||||
$ | 10,716,928 | $ | 9,090,271 | |||||||
Certificate maturities are as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Within 1 year | $ | 3,147,172 | $ | 3,642,142 | ||||||
1 to 2 years | 999,090 | 789,037 | ||||||||
2 to 3 years | 659,867 | 406,960 | ||||||||
Over 3 years | 420,112 | 711,290 | ||||||||
$ | 5,226,241 | $ | 5,549,429 | |||||||
Schedule of interest expense on customer deposits | ' | |||||||||
Interest expense on customer accounts consisted of the following: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Checking accounts | $ | 1,259 | $ | 936 | $ | 857 | ||||
Passbook and statement accounts | 607 | 566 | 574 | |||||||
Insured money market accounts | 4,574 | 4,280 | 4,609 | |||||||
Certificate accounts | 52,636 | 62,669 | 81,506 | |||||||
59,076 | 68,451 | 87,546 | ||||||||
Less early withdrawal penalties | (552 | ) | (548 | ) | (607 | ) | ||||
$ | 58,524 | $ | 67,903 | $ | 86,939 | |||||
Weighted average interest rate at end of year | 0.51 | % | 0.69 | % | 0.9 | % | ||||
Weighted daily average interest rate during the year | 0.57 | % | 0.75 | % | 0.99 | % |
FHLB_Advances_and_Other_Borrow1
FHLB Advances and Other Borrowings (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Banking and Thrift [Abstract] | ' | |||||||||
Advances | ' | |||||||||
Maturity dates of FHLB advances were as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
FHLB advances | ||||||||||
Within 1 year | 100,000 | — | ||||||||
1 to 3 years | 700,000 | 350,000 | ||||||||
4 to 5 years | 730,000 | 850,000 | ||||||||
More than 5 years | 400,000 | 730,000 | ||||||||
$ | 1,930,000 | $ | 1,930,000 | |||||||
$0 of the 2014 advances and $175,000,000 of the 2013 advances included in the above table are callable by the FHLB. If these callable advances were to be called at the earliest call dates, the maturities of all FHLB advances would be as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
FHLB advances | ||||||||||
Within 1 year | $ | 100,000 | $ | 175,000 | ||||||
1 to 3 years | 700,000 | 350,000 | ||||||||
4 to 5 years | 730,000 | 775,000 | ||||||||
More than 5 years | 400,000 | 630,000 | ||||||||
$ | 1,930,000 | $ | 1,930,000 | |||||||
Weighted average cost and amount of advances | ' | |||||||||
Financial data pertaining to the weighted-average cost and the amount of FHLB advances were as follows: | ||||||||||
September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Weighted average interest rate at end of year | 3.52 | % | 3.52 | % | 3.6 | % | ||||
Weighted daily average interest rate during the year | 3.49 | % | 3.57 | % | 4.14 | % | ||||
Daily average of FHLB advances | $ | 1,955,205 | $ | 1,905,479 | $ | 1,949,019 | ||||
Maximum amount of FHLB advances at any month end | 2,205,000 | 1,930,000 | 1,961,895 | |||||||
Interest expense during the year (excludes interest rate swap expense) | 68,307 | 68,075 | 80,617 | |||||||
Schedule of financial data pertaining to weighted-average cost and amount of securities sold under agreements to repurchase | ' | |||||||||
Financial data pertaining to the weighted-average cost and the amount of securities sold under agreements to repurchase in 2012 were as follows: | ||||||||||
September 30, | 2014 | 2013 | 2012 | |||||||
($ in thousands) | ||||||||||
Weighted average interest rate at end of year | — | % | — | % | — | % | ||||
Weighted daily average interest rate during the year | — | % | — | % | 3.71 | % | ||||
Daily average of securities sold under agreements to repurchase | $ | — | $ | — | $ | 692,896 | ||||
Maximum securities sold under agreements to repurchase at any month end | $ | — | $ | — | $ | 800,000 | ||||
Interest expense during the year | $ | — | $ | — | $ | 25,693 | ||||
Derivatives_and_Hedging_Activi1
Derivatives and Hedging Activities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Fair value of financial instruments by balance sheet grouping | ' | ||||||||||||||||||||||||
The following table presents the fair value and balance sheet classification of derivatives at September 30, 2014 and September 30, 2013: | |||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | ||||||||||||||||||||||
(In thousands) | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | |||||||||||||||||
Interest rate contracts | Other assets | $ | 2,879 | Other assets | $ | 7 | Other liabilities | $ | 2,879 | Other liabilities | $ | 7 | |||||||||||||
Commitments to purchase MBS | AFS securities | — | AFS securities | 3,188 | N/A | — | N/A | N/A | |||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Level | Carrying | Estimated | Carrying | Estimated | |||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 781,843 | $ | 781,843 | $ | 203,563 | $ | 203,563 | ||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||
Equity securities | 1 | 101,387 | 101,387 | 101,237 | 101,237 | ||||||||||||||||||||
Obligations of U.S. government | 2 | 731,943 | 731,943 | 533,975 | 533,975 | ||||||||||||||||||||
Obligations of states and political subdivisions | 2 | 23,681 | 23,681 | 22,545 | 22,545 | ||||||||||||||||||||
Obligations of foreign governments | — | — | — | — | |||||||||||||||||||||
Corporate debt securities | 2 | 509,007 | 509,007 | 452,015 | 452,015 | ||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,584,508 | 1,584,508 | 1,251,176 | 1,251,176 | ||||||||||||||||||||
Other commercial MBS | 2 | 98,916 | 98,916 | — | — | ||||||||||||||||||||
Total available-for-sale securities | 3,049,442 | 3,049,442 | 2,360,948 | 2,360,948 | |||||||||||||||||||||
Held-to-maturity securities: | |||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | ||||||||||||||||||||
Total held-to-maturity securities | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | |||||||||||||||||||||
Loans receivable | 3 | 8,148,322 | 8,667,771 | 7,528,030 | 8,070,279 | ||||||||||||||||||||
Covered loans | 3 | 176,476 | 176,761 | 295,947 | 300,610 | ||||||||||||||||||||
FDIC indemnification asset | 3 | 36,860 | 35,976 | 64,615 | 62,300 | ||||||||||||||||||||
FHLB stock | 2 | 158,839 | 158,839 | 173,009 | 173,009 | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Customer accounts | 2 | 10,716,928 | 9,946,586 | 9,090,271 | 8,585,068 | ||||||||||||||||||||
FHLB advances and other borrowings | 2 | 1,930,000 | 2,054,437 | 1,930,000 | 2,064,248 | ||||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Summary of major sources of temporary differences and deferred tax effects | ' | |||||||||
The major sources of these temporary differences and their deferred tax effects were as follows: | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Deferred tax assets | ||||||||||
Loan loss reserves | $ | 48,505 | $ | 52,182 | ||||||
REO reserves | 13,680 | 18,018 | ||||||||
Asset Purchase Tax Basis Difference (net) | 8,812 | 20,008 | ||||||||
Delinquent accrued interest | 4,767 | 6,536 | ||||||||
Other, net | 6,549 | 3,810 | ||||||||
Total deferred tax assets | 82,313 | 100,554 | ||||||||
Deferred tax liabilities | ||||||||||
FDIC indemnification asset | — | 8,033 | ||||||||
Federal Home Loan Bank stock dividends | 32,810 | 34,367 | ||||||||
Valuation adjustment on available-for-sale securities | 12,032 | 3,706 | ||||||||
Loan origination costs | 13,002 | 11,980 | ||||||||
Depreciation | 22,021 | 19,722 | ||||||||
Core deposit intangible | — | 192 | ||||||||
Total deferred tax liabilities | 79,865 | 78,000 | ||||||||
Net deferred tax asset | 2,448 | 22,554 | ||||||||
Current tax asset | 14,067 | 21,446 | ||||||||
Net tax asset | $ | 16,515 | $ | 44,000 | ||||||
Schedule of effective income tax rate reconciliation | ' | |||||||||
A reconciliation of the statutory federal income tax rate to the effective income tax rate follows: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
Statutory income tax rate | 35 | % | 35 | % | 35 | % | ||||
State income tax | 2 | 2 | 2 | |||||||
Other differences | (1 | ) | (2 | ) | (1 | ) | ||||
Effective income tax rate | 36 | % | 35 | % | 36 | % | ||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||||
Income taxes (benefit) are summarized as follows: | ||||||||||
2014 | 2013 | 2012 | ||||||||
(In thousands) | ||||||||||
Federal: | ||||||||||
Current | $ | 70,797 | $ | 66,756 | $ | 57,047 | ||||
Deferred | 10,591 | 10,355 | 15,589 | |||||||
81,388 | 77,111 | 72,636 | ||||||||
State: | ||||||||||
Current | $ | 4,987 | $ | 5,213 | $ | 4,091 | ||||
Deferred | 1,189 | 787 | 1,001 | |||||||
6,176 | 6,000 | 5,092 | ||||||||
Total | ||||||||||
Current | 75,784 | 71,969 | 61,138 | |||||||
Deferred | 11,780 | 11,142 | 16,590 | |||||||
$ | 87,564 | $ | 83,111 | $ | 77,728 | |||||
Reconciliation of unrecognized tax benefits | ' | |||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: | ||||||||||
2014 | 2013 | |||||||||
(In thousands) | ||||||||||
Balance at October 1, | $ | 115 | $ | 4,509 | ||||||
Tax positions related to current year: | ||||||||||
Additions | — | — | ||||||||
Reductions | — | — | ||||||||
Tax positions related to prior years: | ||||||||||
Additions | 32 | 234 | ||||||||
Reductions | — | (1,293 | ) | |||||||
Settlements with taxing authorities | — | (302 | ) | |||||||
Lapses in statues of limitations | (35 | ) | (3,033 | ) | ||||||
Balance at September 30, | $ | 112 | $ | 115 | ||||||
Stock_Award_Plans_Tables
Stock Award Plans (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||
Schedule of weighted average assumptions | ' | |||||||||
The following weighted-average assumptions were used to estimate the fair value of stock options granted during the periods indicated: | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
Annual dividend yield | — | % | — | % | 2.34 | % | ||||
Expected volatility | — | % | — | % | 31 | % | ||||
Risk-free interest rate | — | % | — | % | 0.77 | % | ||||
Expected life | 0.0 years | 0.0 years | 4.5 years | |||||||
Summary of option activity | ' | |||||||||
A summary of stock option activity under the Plan as of 2014 and changes during the year is as follows: | ||||||||||
Options | Shares | Weighted | Weighted | Aggregate | ||||||
Average | Average | Intrinsic | ||||||||
Exercise | Remaining | Value | ||||||||
Price | Contractual | (In thousands) | ||||||||
Term | ||||||||||
Outstanding at September 30, 2013 | 1,903,578 | $ | 20.93 | 4 | $2,563 | |||||
Granted | — | — | ||||||||
Exercised | (500,504 | ) | 20.3 | |||||||
Forfeited | (154,065 | ) | 21.43 | |||||||
Outstanding at September 30, 2014 | 1,249,009 | $ | 21.11 | 4 | $ | 1,859 | ||||
Exercisable at September 30, 2014 | 1,103,214 | $ | 21.66 | 3 | $ | 1,363 | ||||
Schedule of miscellaneous information related to stock options | ' | |||||||||
Miscellaneous information related to stock options is presented below: | ||||||||||
2014 | 2013 | 2012 | ||||||||
(Dollars in thousands) | ||||||||||
Compensation cost for stock options | $ | 324 | $ | 473 | $ | 848 | ||||
Weighted avg. grant date FV | 2.95 | 3.24 | 3.53 | |||||||
Total intrinsic value of options exercised | 1,136 | 781 | 125 | |||||||
Grant date FV of options exercised | 1,962 | 791 | 54 | |||||||
Cash received from option exercises | 10,142 | 4,261 | 357 | |||||||
Tax benefit realized for option exercises | 159 | 53 | — | |||||||
Summary of nonvested activity | ' | |||||||||
A summary of the Company's non-vested stock options as of 2014 and changes during the year is as follows: | ||||||||||
Non-vested Options | Shares | Weighted | ||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Outstanding at September 30, 2013 | 287,750 | $ | 3.44 | |||||||
Granted | — | — | ||||||||
Vested | (119,520 | ) | 2.88 | |||||||
Forfeited | (22,435 | ) | 3.63 | |||||||
Outstanding at September 30, 2014 | 145,795 | $ | 3.87 | |||||||
Restricted Stock | ' | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||
Summary of nonvested activity | ' | |||||||||
A summary of the Company's non-vested share awards as of 2014 and changes during the year is as follows: | ||||||||||
Non-vested Stock Grant Awards | Shares | Weighted | ||||||||
Average | ||||||||||
Grant Date | ||||||||||
Fair Value | ||||||||||
Outstanding at September 30, 2013 | 209,667 | |||||||||
Granted | 232,000 | |||||||||
Vested | (162,717 | ) | ||||||||
Forfeited | (39,883 | ) | ||||||||
Outstanding at September 30, 2014 | 239,067 | $ | 20.37 | |||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | |||||||||||
Sep. 30, 2014 | ||||||||||||
Equity [Abstract] | ' | |||||||||||
Schedule of compliance with regulatory capital requirements | ' | |||||||||||
Actual | Capital Adequacy | Categorized as Well Capitalized Under Prompt Corrective Action Provisions | ||||||||||
Guidelines | ||||||||||||
Capital | Ratio | Capital | Ratio | Capital | Ratio | |||||||
As of September 30, 2014 | (In thousands) | |||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,739,658 | 23.97 | % | $580,671 | 8 | % | NA | NA | |||
The Bank | $ | 1,750,179 | 24.11 | % | $580,772 | 8 | % | $725,965 | 10 | % | ||
Tier I Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,648,199 | 22.71 | % | $290,335 | 4 | % | NA | NA | |||
The Bank | $ | 1,658,704 | 22.85 | % | $290,386 | 4 | % | $435,579 | 6 | % | ||
Tier 1 Capital (to average assets) | ||||||||||||
The Company | $ | 1,648,199 | 11.39 | % | $578,804 | 4 | % | NA | NA | |||
The Bank | $ | 1,658,704 | 11.46 | % | $578,816 | 4 | % | $723,520 | 5 | % | ||
As of September 30, 2013 | ||||||||||||
Total Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,749,383 | 26.49 | % | $528,243 | 8 | % | NA | NA | |||
The Bank | $ | 1,693,227 | 25.64 | % | $528,380 | 8 | % | $660,475 | 10 | % | ||
Tier I Capital (to risk-weighted assets) | ||||||||||||
The Company | $ | 1,666,091 | 25.23 | % | $264,121 | 4 | % | NA | NA | |||
The Bank | $ | 1,609,914 | 24.38 | % | $264,190 | 4 | % | $396,285 | 6 | % | ||
Tier 1 Capital (to average assets) | ||||||||||||
The Company | $ | 1,666,091 | 13.03 | % | $511,334 | 4 | % | NA | NA | |||
The Bank | $ | 1,609,914 | 12.59 | % | $511,358 | 4 | % | $639,197 | 5 | % | ||
Schedule of weighted average number of shares | ' | |||||||||||
The following table sets forth information regarding earnings per share calculations: | ||||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||||
Average shares outstanding | 101,154,030 | 104,684,812 | 107,108,703 | |||||||||
Average dilutive warrants | 352,171 | 100,211 | — | |||||||||
Average dilutive options | 84,150 | 52,447 | 40,537 | |||||||||
Average diluted shares | 101,590,351 | 104,837,470 | 107,149,240 | |||||||||
Net income (In thousands) | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||||
Basic EPS | $ | 1.56 | $ | 1.45 | $ | 1.29 | ||||||
Diluted EPS | 1.55 | 1.45 | 1.29 | |||||||||
Fair_Values_of_Financial_Instr1
Fair Values of Financial Instruments (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Fair value of financial instruments by balance sheet grouping | ' | ||||||||||||||||||||||||
The following table presents the fair value and balance sheet classification of derivatives at September 30, 2014 and September 30, 2013: | |||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | September 30, 2014 | September 30, 2013 | ||||||||||||||||||||||
(In thousands) | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | |||||||||||||||||
Interest rate contracts | Other assets | $ | 2,879 | Other assets | $ | 7 | Other liabilities | $ | 2,879 | Other liabilities | $ | 7 | |||||||||||||
Commitments to purchase MBS | AFS securities | — | AFS securities | 3,188 | N/A | — | N/A | N/A | |||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Level | Carrying | Estimated | Carrying | Estimated | |||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 781,843 | $ | 781,843 | $ | 203,563 | $ | 203,563 | ||||||||||||||||
Available-for-sale securities: | |||||||||||||||||||||||||
Equity securities | 1 | 101,387 | 101,387 | 101,237 | 101,237 | ||||||||||||||||||||
Obligations of U.S. government | 2 | 731,943 | 731,943 | 533,975 | 533,975 | ||||||||||||||||||||
Obligations of states and political subdivisions | 2 | 23,681 | 23,681 | 22,545 | 22,545 | ||||||||||||||||||||
Obligations of foreign governments | — | — | — | — | |||||||||||||||||||||
Corporate debt securities | 2 | 509,007 | 509,007 | 452,015 | 452,015 | ||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,584,508 | 1,584,508 | 1,251,176 | 1,251,176 | ||||||||||||||||||||
Other commercial MBS | 2 | 98,916 | 98,916 | — | — | ||||||||||||||||||||
Total available-for-sale securities | 3,049,442 | 3,049,442 | 2,360,948 | 2,360,948 | |||||||||||||||||||||
Held-to-maturity securities: | |||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | ||||||||||||||||||||
Total held-to-maturity securities | 1,548,265 | 1,499,218 | 1,654,666 | 1,582,849 | |||||||||||||||||||||
Loans receivable | 3 | 8,148,322 | 8,667,771 | 7,528,030 | 8,070,279 | ||||||||||||||||||||
Covered loans | 3 | 176,476 | 176,761 | 295,947 | 300,610 | ||||||||||||||||||||
FDIC indemnification asset | 3 | 36,860 | 35,976 | 64,615 | 62,300 | ||||||||||||||||||||
FHLB stock | 2 | 158,839 | 158,839 | 173,009 | 173,009 | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Customer accounts | 2 | 10,716,928 | 9,946,586 | 9,090,271 | 8,585,068 | ||||||||||||||||||||
FHLB advances and other borrowings | 2 | 1,930,000 | 2,054,437 | 1,930,000 | 2,064,248 | ||||||||||||||||||||
Financial_Information_Washingt1
Financial Information - Washington Federal, INC. (Tables) | 12 Months Ended | |||||||||
Sep. 30, 2014 | ||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||
Schedule of condensed financial information | ' | |||||||||
The following Washington Federal, Inc. (parent company only) financial information should be read in conjunction with the other notes to the Consolidated Financial Statements. | ||||||||||
Condensed Statements of Financial Condition | ||||||||||
September 30, | 2014 | 2013 | ||||||||
(In thousands) | ||||||||||
Assets | ||||||||||
Cash | $ | 3,895 | $ | 66,425 | ||||||
Investment in subsidiary | 1,983,788 | 1,881,458 | ||||||||
Other assets | — | — | ||||||||
Total assets | $ | 1,987,683 | $ | 1,947,883 | ||||||
Liabilities | ||||||||||
Dividend payable and other liabilities | $ | 14,400 | $ | 10,248 | ||||||
Total liabilities | 14,400 | 10,248 | ||||||||
Stockholders’ equity | ||||||||||
Total stockholders’ equity | 1,973,283 | 1,937,635 | ||||||||
Total liabilities and stockholders’ equity | $ | 1,987,683 | $ | 1,947,883 | ||||||
Condensed Statements of Operations | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Income | ||||||||||
Dividends from subsidiary | $ | 70,000 | $ | 143,799 | $ | 106,234 | ||||
Total Income | 70,000 | 143,799 | 106,234 | |||||||
Expense | ||||||||||
Miscellaneous | 485 | 530 | 564 | |||||||
Total expense | 485 | 530 | 564 | |||||||
Net income before equity in undistributed net income of subsidiary | 69,515 | 143,269 | 105,670 | |||||||
Equity in undistributed net income of subsidiary | 87,675 | 8,045 | 32,513 | |||||||
Income before income taxes | 157,190 | 151,314 | 138,183 | |||||||
Income tax benefit | 174 | 191 | — | |||||||
Net income | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||
Condensed Statements of Cash Flows | ||||||||||
Year ended September 30, | 2014 | 2013 | 2012 | |||||||
(In thousands) | ||||||||||
Cash Flows From Operating Activities | ||||||||||
Net income | $ | 157,364 | $ | 151,505 | $ | 138,183 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Equity in undistributed net income of subsidiaries | (87,943 | ) | (4,893 | ) | (32,513 | ) | ||||
Decrease (increase) in other assets | 1 | 1 | 36 | |||||||
Increase in other liabilities | 4,152 | 1,698 | 2,508 | |||||||
Net cash provided by operating activities | 73,574 | 148,311 | 108,214 | |||||||
Cash Flows From Financing Activities | ||||||||||
Proceeds from exercise of common stock options and related tax benefit | 10,252 | 4,261 | 357 | |||||||
Treasury stock purchased | (104,291 | ) | (110,238 | ) | (41,914 | ) | ||||
Dividends paid on common stock | (42,065 | ) | (37,835 | ) | (32,430 | ) | ||||
Net cash used in financing activities | (136,104 | ) | (143,812 | ) | (73,987 | ) | ||||
Increase (decrease) in cash | (62,530 | ) | 4,499 | 34,227 | ||||||
Cash at beginning of year | 66,425 | 61,926 | 27,699 | |||||||
Cash at end of year | $ | 3,895 | $ | 66,425 | $ | 61,926 | ||||
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||
Summary of unaudited interim results | ' | ||||||||||||
The following is a summary of the unaudited interim results of operations by quarter for the years ended September 30, 2014 and 2013: | |||||||||||||
Year Ended September 30, 2014 | First | Second | Third | Fourth | |||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
(In thousands, except per share data) | |||||||||||||
Interest income | $ | 131,258 | $ | 132,351 | $ | 135,011 | $ | 135,077 | |||||
Interest expense | 32,946 | 31,715 | 31,732 | 31,684 | |||||||||
Net interest income | 98,312 | 100,636 | 103,279 | 103,393 | |||||||||
Provision for loan losses | (4,600 | ) | (4,336 | ) | (3,000 | ) | (3,465 | ) | |||||
Other operating income (REO expense) | 3,837 | 7,255 | 6,016 | 10,808 | |||||||||
Other operating expense | 44,120 | 52,059 | 53,293 | 54,537 | |||||||||
Income before income taxes | 62,629 | 60,168 | 59,002 | 63,129 | |||||||||
Income taxes | 22,393 | 21,511 | 21,092 | 22,568 | |||||||||
Net income | $ | 40,236 | $ | 38,657 | $ | 37,910 | $ | 40,561 | |||||
Basic earnings per share | $ | 0.39 | $ | 0.38 | $ | 0.38 | $ | 0.41 | |||||
Diluted earnings per share | 0.39 | 0.38 | 0.37 | 0.41 | |||||||||
Cash dividends per share | 0.1 | 0.1 | 0.1 | 0.11 | |||||||||
Return of average assets | 1.19 | % | 1.07 | % | 1.04 | % | 1.1 | % | |||||
Year Ended September 30, 2013 | First | Second | Third | Fourth | |||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||
(In thousands, except per share data) | |||||||||||||
Interest income | $ | 131,309 | $ | 126,505 | $ | 128,176 | $ | 130,302 | |||||
Interest expense | 35,875 | 33,482 | 33,461 | 33,343 | |||||||||
Net interest income | 95,434 | 93,023 | 94,715 | 96,959 | |||||||||
Provision for loan losses | 3,600 | — | — | (2,250 | ) | ||||||||
Other operating income (REO expense) | 1,638 | 2,043 | 5,236 | 11,157 | |||||||||
Other operating expense | 38,298 | 41,164 | 41,610 | 43,167 | |||||||||
Income before income taxes | 55,174 | 53,902 | 58,341 | 67,199 | |||||||||
Income taxes | 19,891 | 17,924 | 21,003 | 24,293 | |||||||||
Net income | $ | 35,283 | $ | 35,978 | $ | 37,338 | $ | 42,906 | |||||
Basic earnings per share | $ | 0.33 | $ | 0.34 | $ | 0.36 | $ | 0.42 | |||||
Diluted earnings per share | 0.33 | 0.34 | 0.36 | 0.41 | |||||||||
Cash dividends per share | 0.08 | 0.09 | 0.09 | 0.1 | |||||||||
Return of average assets | 1.11 | % | 1.1 | % | 1.15 | % | 1.32 | % |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | |||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||
Fair value of assets measured on recurring basis | ' | |||||||||||||||||||||||
The following table presents the balance of assets measured at fair value on a recurring basis at September 30, 2014 and September 30, 2013: | ||||||||||||||||||||||||
Fair Value at September 30, 2014 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | $ | 101,387 | $ | — | $ | — | $ | 101,387 | ||||||||||||||||
Obligations of U.S. government | — | 731,943 | — | 731,943 | ||||||||||||||||||||
Obligations of states and political subdivisions | — | 23,681 | — | 23,681 | ||||||||||||||||||||
Obligations of foreign governments | — | — | — | — | ||||||||||||||||||||
Corporate debt securities | — | 509,007 | — | 509,007 | ||||||||||||||||||||
Agency pass through mortgage-backed securities | — | 1,584,508 | — | 1,584,508 | ||||||||||||||||||||
Other commercial MBS | — | 98,916 | — | 98,916 | ||||||||||||||||||||
Other debt securities | — | — | — | — | ||||||||||||||||||||
Balance at end of period | $ | 101,387 | $ | 2,948,055 | $ | — | $ | 3,049,442 | ||||||||||||||||
Aggregated balance of assets measured at estimated fair value on a nonrecurring basis and total losses resulting from those fair value adjustments | ' | |||||||||||||||||||||||
The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis for the year ended September 30, 2014, and the total losses resulting from those fair value adjustments for the quarter and year ended September 30, 2014. These estimated fair values are shown gross of estimated selling costs: | ||||||||||||||||||||||||
As of September 30, 2014 | Quarter | Year Ended September 30, 2014 | ||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
30-Sep-14 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 10,156 | $ | 10,156 | $ | — | $ | (1,311 | ) | |||||||||||
Covered REO (2) | — | — | 10,520 | 10,520 | 113 | 616 | ||||||||||||||||||
Real estate held for sale (2) | — | — | 51,624 | 51,624 | 1,878 | 18,660 | ||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 72,300 | $ | 72,300 | $ | 1,991 | $ | 17,965 | ||||||||||||
___________________ | ||||||||||||||||||||||||
-1 | The losses represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The losses represent aggregate writedowns and charge-offs on real estate held for sale. |
Covered_Assets_Tables
Covered Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||
Covered Assets [Abstract] | ' | |||||||||||||||||||||||||||||||
Summary of carrying value of acquired impaired and non-impaired loans | ' | |||||||||||||||||||||||||||||||
The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||
Acquired | Acquired | Total | Acquired | Acquired | Total | |||||||||||||||||||||||||||
Impaired | Non-impaired | Impaired | Non-impaired | |||||||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 22,400 | $ | 23,067 | $ | 45,467 | $ | 28,428 | $ | 28,460 | $ | 56,888 | ||||||||||||||||||||
Construction – speculative | 181 | — | 181 | 440 | — | 440 | ||||||||||||||||||||||||||
Construction – custom | — | — | — | 1,197 | — | 1,197 | ||||||||||||||||||||||||||
Land – acquisition & development | 5,589 | 1,364 | 6,953 | 17,953 | 4,810 | 22,763 | ||||||||||||||||||||||||||
Land – consumer lot loans | 496 | 73 | 569 | 496 | 245 | 741 | ||||||||||||||||||||||||||
Multi-family | 2,225 | 6,598 | 8,823 | 6,933 | 18,852 | 25,785 | ||||||||||||||||||||||||||
Commercial real estate | 69,873 | 51,336 | 121,209 | 121,105 | 89,499 | 210,604 | ||||||||||||||||||||||||||
Commercial & industrial | 8,894 | 5,492 | 14,386 | 14,949 | 9,416 | 24,365 | ||||||||||||||||||||||||||
HELOC | 3,285 | 11,777 | 15,062 | 3,869 | 14,750 | 18,619 | ||||||||||||||||||||||||||
Consumer | 99 | 454 | 553 | 242 | 604 | 846 | ||||||||||||||||||||||||||
Total covered loans | 113,042 | 100,161 | 213,203 | 195,612 | 166,636 | 362,248 | ||||||||||||||||||||||||||
Allowance for losses | (2,244 | ) | — | (2,244 | ) | — | — | — | ||||||||||||||||||||||||
$ | 110,798 | $ | 100,161 | $ | 210,959 | $ | 195,612 | $ | 166,636 | $ | 362,248 | |||||||||||||||||||||
Discount | (34,483 | ) | (66,301 | ) | ||||||||||||||||||||||||||||
Covered loans, net | $ | 176,476 | $ | 295,947 | ||||||||||||||||||||||||||||
Schedule of changes in carrying amount and accretable yield for acquired impaired and non-impaired loans | ' | |||||||||||||||||||||||||||||||
Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows for the fiscal years ended September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||
September 30, 2014 | September 30, 2013 | |||||||||||||||||||||||||||||||
Acquired Impaired | Acquired Non-impaired | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | Accretable | Carrying | |||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | Yield | Amount of | Yield | Amount of | |||||||||||||||||||||||||
Loans | Loans | Loans | Loans | |||||||||||||||||||||||||||||
(In thousands) | (In thousands) | |||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | $ | 50,902 | $ | 74,953 | $ | 23,789 | $ | 213,423 | ||||||||||||||||
Additions | — | — | — | — | 43,299 | 107,946 | — | — | ||||||||||||||||||||||||
Reclassification from nonaccretable balance, net | 10,186 | (2,069 | ) | — | — | 17,850 | — | — | — | |||||||||||||||||||||||
Accretion | (23,929 | ) | 23,929 | (7,004 | ) | 7,004 | (33,774 | ) | 33,774 | (6,526 | ) | 6,526 | ||||||||||||||||||||
Transfers to REO | — | (8,943 | ) | — | — | — | (11,196 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (72,953 | ) | — | (66,438 | ) | — | (67,386 | ) | — | (62,093 | ) | ||||||||||||||||||||
Balance at end of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | ||||||||||||||||
Schedule of activity for FDIC indemnification asset | ' | |||||||||||||||||||||||||||||||
The following table shows the year to date activity for the FDIC indemnification asset: | ||||||||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Balance at beginning of period | $ | 64,615 | $ | 87,571 | ||||||||||||||||||||||||||||
Additions | 1,795 | 18,101 | ||||||||||||||||||||||||||||||
Payments received | (2,502 | ) | (13,421 | ) | ||||||||||||||||||||||||||||
Amortization | (27,850 | ) | (28,722 | ) | ||||||||||||||||||||||||||||
Accretion | 802 | 1,086 | ||||||||||||||||||||||||||||||
Balance at end of period | $ | 36,860 | $ | 64,615 | ||||||||||||||||||||||||||||
Summary of loans based on credit quality indicators | ' | |||||||||||||||||||||||||||||||
The following tables provide information on loans based on credit quality indicators (defined above) as of September 30, 2014 and 2013: | ||||||||||||||||||||||||||||||||
September 30, 2014 | Internally Assigned Grade | Total | ||||||||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 5,426,895 | $ | 2,793 | $ | 130,515 | $ | — | $ | — | $ | 5,560,203 | ||||||||||||||||||||
Construction - speculative | 134,950 | — | 5,110 | — | — | 140,060 | ||||||||||||||||||||||||||
Construction - custom | 385,824 | — | — | — | — | 385,824 | ||||||||||||||||||||||||||
Land - acquisition & development | 71,692 | — | 6,140 | — | — | 77,832 | ||||||||||||||||||||||||||
Land - consumer lot loans | 108,013 | — | 610 | — | — | 108,623 | ||||||||||||||||||||||||||
Multi-family | 912,728 | — | 4,558 | — | — | 917,286 | ||||||||||||||||||||||||||
Commercial real estate | 557,914 | 1,971 | 31,451 | — | — | 591,336 | ||||||||||||||||||||||||||
Commercial & industrial | 359,221 | 14,740 | 5,265 | — | — | 379,226 | ||||||||||||||||||||||||||
HELOC | 115,794 | — | 248 | — | — | 116,042 | ||||||||||||||||||||||||||
Consumer | 132,349 | — | 241 | — | — | 132,590 | ||||||||||||||||||||||||||
8,205,380 | 19,504 | 184,138 | — | — | 8,409,022 | |||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||
Single-family residential | 11,716 | — | — | — | — | 11,716 | ||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land - acquisition & development | 503 | — | 402 | — | — | 905 | ||||||||||||||||||||||||||
Land - consumer lot loans | 2,507 | — | — | — | — | 2,507 | ||||||||||||||||||||||||||
Multi-family | 2,999 | — | — | — | — | 2,999 | ||||||||||||||||||||||||||
Commercial real estate | 88,974 | 2,571 | 6,353 | — | — | 97,898 | ||||||||||||||||||||||||||
Commercial & industrial | 36,311 | 13,642 | 4,208 | 58 | — | 54,219 | ||||||||||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | ||||||||||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | ||||||||||||||||||||||||||
156,954 | 16,213 | 10,963 | 58 | — | 184,188 | |||||||||||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,292 | — | 330 | — | — | 1,622 | ||||||||||||||||||||||||||
Pool 2 - Single-family residential | 325 | — | — | — | — | 325 | ||||||||||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||||||||||
Pool 4 - HELOC & other consumer | 10,194 | — | — | — | — | 10,194 | ||||||||||||||||||||||||||
Pool 5 - Commercial real estate | 48,878 | 2,143 | 12,702 | — | — | 63,723 | ||||||||||||||||||||||||||
Pool 6 - Commercial & industrial | 643 | — | — | — | — | 643 | ||||||||||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 13,032 | — | — | 76,507 | ||||||||||||||||||||||||||
Total gross loans | $ | 8,423,666 | $ | 37,860 | $ | 208,133 | $ | 58 | $ | — | $ | 8,669,717 | ||||||||||||||||||||
Total grade as a % of total gross loans | 97.2 | % | 0.4 | % | 2.4 | % | — | % | — | % | ||||||||||||||||||||||
September 30, 2013 | Internally Assigned Grade | Total | ||||||||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 5,184,101 | $ | 4,595 | $ | 170,453 | $ | — | $ | — | $ | 5,359,149 | ||||||||||||||||||||
Construction - speculative | 99,436 | 3,199 | 28,143 | — | — | 130,778 | ||||||||||||||||||||||||||
Construction - custom | 302,722 | — | — | — | — | 302,722 | ||||||||||||||||||||||||||
Land - acquisition & development | 64,355 | 775 | 12,645 | — | — | 77,775 | ||||||||||||||||||||||||||
Land - consumer lot loans | 121,039 | — | 632 | — | — | 121,671 | ||||||||||||||||||||||||||
Multi-family | 819,911 | 2,114 | 9,659 | — | — | 831,684 | ||||||||||||||||||||||||||
Commercial real estate | 373,012 | 21,652 | 20,297 | — | — | 414,961 | ||||||||||||||||||||||||||
Commercial & industrial | 240,441 | 1,049 | 1,709 | — | — | 243,199 | ||||||||||||||||||||||||||
HELOC | 112,186 | — | — | — | — | 112,186 | ||||||||||||||||||||||||||
Consumer | 46,720 | — | 421 | — | — | 47,141 | ||||||||||||||||||||||||||
7,363,923 | 33,384 | 243,959 | — | — | 7,641,266 | |||||||||||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||||||||||
Single-family residential | 14,468 | — | — | — | — | 14,468 | ||||||||||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land - acquisition & development | 312 | — | 1,177 | — | — | 1,489 | ||||||||||||||||||||||||||
Land - consumer lot loans | 3,313 | — | — | — | — | 3,313 | ||||||||||||||||||||||||||
Multi-family | 3,227 | — | 687 | — | — | 3,914 | ||||||||||||||||||||||||||
Commercial real estate | 105,055 | 4,190 | 24,178 | — | — | 133,423 | ||||||||||||||||||||||||||
Commercial & industrial | 64,933 | 1,309 | 9,084 | — | — | 75,326 | ||||||||||||||||||||||||||
HELOC | 10,179 | — | — | — | — | 10,179 | ||||||||||||||||||||||||||
Consumer | 8,267 | — | — | — | — | 8,267 | ||||||||||||||||||||||||||
209,754 | 5,499 | 35,126 | — | — | 250,379 | |||||||||||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 980 | 461 | 955 | — | — | 2,396 | ||||||||||||||||||||||||||
Pool 2 - Single-family residential | 333 | — | — | — | — | 333 | ||||||||||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||||||||||
Pool 4 - HELOC & other consumer | 11,337 | — | — | — | — | 11,337 | ||||||||||||||||||||||||||
Pool 5 - Commercial real estate | 52,509 | 3,155 | 21,245 | — | — | 76,909 | ||||||||||||||||||||||||||
Pool 6 - Commercial & industrial | 881 | — | 7,044 | — | — | 7,925 | ||||||||||||||||||||||||||
Total credit impaired acquired loans | 66,040 | 3,616 | 29,244 | — | — | 98,900 | ||||||||||||||||||||||||||
Total gross loans | $ | 7,639,717 | $ | 42,499 | $ | 308,329 | $ | — | $ | — | $ | 7,990,545 | ||||||||||||||||||||
Total grade as a % of total gross loans | 95.6 | % | 0.5 | % | 3.9 | % | — | % | — | % | ||||||||||||||||||||||
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2014: | ||||||||||||||||||||||||||||||||
Internally Assigned Grade | Total | |||||||||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Net Loans | |||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Purchased non-credit impaired loans: | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 21,311 | $ | — | $ | 1,756 | $ | — | $ | — | $ | 23,067 | ||||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | ||||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | ||||||||||||||||||||||||||
Land - acquisition & development | 972 | — | 392 | — | — | 1,364 | ||||||||||||||||||||||||||
Land - consumer lot loans | 73 | — | — | — | — | 73 | ||||||||||||||||||||||||||
Multi-family | 6,598 | — | — | — | — | 6,598 | ||||||||||||||||||||||||||
Commercial real estate | 26,940 | 115 | 24,281 | — | — | 51,336 | ||||||||||||||||||||||||||
Commercial & industrial | 2,801 | — | 2,691 | — | — | 5,492 | ||||||||||||||||||||||||||
HELOC | 11,777 | — | — | — | — | 11,777 | ||||||||||||||||||||||||||
Consumer | 454 | — | — | — | — | 454 | ||||||||||||||||||||||||||
70,926 | 115 | 29,120 | — | — | 100,161 | |||||||||||||||||||||||||||
Total grade as a % of total net loans | 70.8 | % | 0.1 | % | 29.1 | % | — | % | — | % | ||||||||||||||||||||||
Purchased credit impaired loans: | ||||||||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 8,349 | — | 11,912 | — | — | 20,261 | ||||||||||||||||||||||||||
Pool 2 - Single-family residential | 15,585 | — | 379 | — | — | 15,964 | ||||||||||||||||||||||||||
Pool 3 - Multi-family | 52 | — | 471 | — | — | 523 | ||||||||||||||||||||||||||
Pool 4 - HELOC & other consumer | 2,804 | — | 1,173 | — | — | 3,977 | ||||||||||||||||||||||||||
Pool 5 - Commercial real estate | 33,909 | 700 | 29,782 | — | — | 64,391 | ||||||||||||||||||||||||||
Pool 6 - Commercial & industrial | 3,509 | — | 3,892 | 525 | — | 7,926 | ||||||||||||||||||||||||||
$ | 64,208 | $ | 700 | $ | 47,609 | $ | 525 | $ | — | $ | 113,042 | |||||||||||||||||||||
Total covered loans | 213,203 | |||||||||||||||||||||||||||||||
Discount | (34,483 | ) | ||||||||||||||||||||||||||||||
Allowance | $ | (2,244 | ) | |||||||||||||||||||||||||||||
Covered loans, net | $ | 176,476 | ||||||||||||||||||||||||||||||
Analysis of age of purchased non-credit impaired loans in past due status | ' | |||||||||||||||||||||||||||||||
The following table provides an analysis of the payment status of purchased non-credit impaired loans in past due status for the period ended September 30, 2014. | ||||||||||||||||||||||||||||||||
Amount of Loans | Days Delinquent Based on $ Amount of Loans | % based | ||||||||||||||||||||||||||||||
Type of Loans | Net of LIP & Chg.-Offs | Current | 30 | 60 | 90 | Total | on $ | |||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||||
Single-family residential | $ | 23,067 | $ | 22,391 | $ | 230 | $ | 40 | $ | 406 | $ | 676 | 2.93 | % | ||||||||||||||||||
Construction - speculative | — | — | — | — | — | — | NM | |||||||||||||||||||||||||
Construction - custom | — | — | — | — | — | — | NM | |||||||||||||||||||||||||
Land - acquisition & development | 1,364 | 1,328 | — | — | 36 | 36 | 2.64 | % | ||||||||||||||||||||||||
Land - consumer lot loans | 73 | 73 | — | — | — | — | — | % | ||||||||||||||||||||||||
Multi-family | 6,598 | 5,502 | — | — | 1,096 | 1,096 | 16.61 | % | ||||||||||||||||||||||||
Commercial real estate | 51,336 | 51,336 | — | — | — | — | — | % | ||||||||||||||||||||||||
Commercial & industrial | 5,492 | 5,492 | — | — | — | — | — | % | ||||||||||||||||||||||||
HELOC | 11,777 | 11,777 | — | — | — | — | — | % | ||||||||||||||||||||||||
Consumer | 454 | 443 | 11 | — | — | 11 | 2.42 | % | ||||||||||||||||||||||||
$ | 100,161 | $ | 98,342 | $ | 241 | $ | 40 | $ | 1,538 | $ | 1,819 | 1.82 | % | |||||||||||||||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Business Combinations (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2014 | 2-May-14 | Nov. 01, 2012 | Nov. 01, 2012 | Dec. 16, 2011 | Dec. 16, 2011 | Oct. 14, 2011 | Oct. 31, 2013 | Dec. 06, 2013 | 2-May-14 | Nov. 01, 2012 | Dec. 16, 2011 | Oct. 14, 2011 | Oct. 14, 2011 |
Bank of America, National Association | Bank of America, National Association | South Valley Bancorp, Inc. | South Valley Bancorp, Inc. | Western National Bank | Western National Bank | Charter Bank | New Mexico | Washington, Oregon, and Idaho | Arizona and Nevada | Central and Southern Oregon | Arizona | Albuquerque, New Mexico | Santa Fe, New Mexico | ||||
branch | branch | Bank of America, National Association | Bank of America, National Association | Bank of America, National Association | South Valley Bancorp, Inc. | Western National Bank | Charter Bank | Charter Bank | |||||||||
branch | branch | branch | branch | branch | branch | branch | |||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of branches acquired (in branches) | ' | ' | ' | 74 | ' | ' | ' | ' | ' | 6 | 11 | 40 | 23 | 24 | 3 | 4 | 2 |
Deposit accounts | ' | ' | ' | ' | $1,900,000,000 | ' | $736,000,000 | ' | $136,000,000 | $255,000,000 | ' | ' | ' | ' | ' | ' | ' |
Net loans | ' | ' | ' | ' | 13,000,000 | ' | 361,000,000 | ' | 143,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Branch properties | ' | ' | ' | ' | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premium on deposits | ' | ' | ' | ' | 1.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and equivalents | ' | ' | ' | ' | 1,800,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangibles | ' | ' | ' | 11,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intangible assets, goodwill | 291,503,000 | 260,277,000 | 251,653,000 | 31,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net covered loans | ' | ' | ' | ' | ' | ' | 108,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Transaction deposit accounts | ' | ' | ' | ' | ' | ' | 533,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consideration transferred | ' | ' | ' | ' | ' | 44,000,000 | ' | 53,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consideration paid in stock | ' | ' | ' | ' | ' | 34,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash resulting from the collection of certain earn-out assets | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets acquired | ' | ' | ' | ' | ' | ' | ' | ' | 177,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Foreclosed real estate | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities assumed | ' | ' | ' | ' | ' | ' | ' | ' | 153,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Cash received from the FDIC | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Unamortized premium on acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Other Narrative (Details) (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
payment | |||
part | |||
segment | |||
office | |||
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Number of offices (in offices) | 251 | ' | ' |
Days past grace period to initiate contact to cure deficiency | '30 days | ' | ' |
Minimum days past due to begin foreclosure proceedings | '90 days | ' | ' |
Approximate rate reduction concession, minimum | 1.00% | ' | ' |
Approximate rate reduction concession, maximum | 2.00% | ' | ' |
Minimum days past due to stop accrual of interest | '90 days | ' | ' |
Loans returned to full accrual status | '90 days | ' | ' |
Minimum performance period before move to accrual status | '6 months | ' | ' |
Number of payments required | 6 | ' | ' |
Number of parts in loss percentage factor | 2 | ' | ' |
Options outstanding that are not dilutive | 90,846 | 435,825 | 934,880 |
Number of reportable business segments | 1 | ' | ' |
Minimum | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Term for payment and rate reduction | '6 months | ' | ' |
Maximum | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Term for payment and rate reduction | '12 months | ' | ' |
Interest rate swap agreements | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Impact to the statement of operations | 0 | ' | ' |
Accounting Standards Update 2014-01 | ' | ' | ' |
Summary of Significant Accounting Policies [Line Items] | ' | ' | ' |
Tax credit from affordable housing program | 3,000,000 | ' | ' |
Net investment in affordable housing program | 42,000,000 | ' | ' |
Income tax expense from affordable housing program | 4,000,000 | ' | ' |
Contingent commitments for affordable housing program | 35,000,000 | ' | ' |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies - Intangible Assets (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Goodwill and Intangible Assets [Roll Forward] | ' | ' |
Goodwill, beginning of period | $260,277 | $251,653 |
Goodwill, additions | 31,226 | 8,624 |
Goodwill, end of period | 291,503 | 260,277 |
Intangible assets. amortization | -3,675 | -1,815 |
Goodwill and intangible assets, beginning of period | 264,318 | 256,076 |
Goodwill and intangible assets, additions | 42,266 | 10,057 |
Goodwill and intangible assets, end of period | 302,909 | 264,318 |
Service Rights [Member] | ' | ' |
Goodwill and Intangible Assets [Roll Forward] | ' | ' |
Intangible assets, beginning of period | 0 | 286 |
Intangible assets, additions | 0 | 0 |
Intangible assets. amortization | 0 | -286 |
Intangible assets, end of period | 0 | 0 |
Core Deposit [Member] | ' | ' |
Goodwill and Intangible Assets [Roll Forward] | ' | ' |
Intangible assets, beginning of period | 4,041 | 4,137 |
Intangible assets, additions | 11,040 | 1,433 |
Intangible assets. amortization | -3,675 | -1,529 |
Intangible assets, end of period | 11,406 | 4,041 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ' | ' |
2015 | 3,479 | ' |
2016 | 2,314 | ' |
2017 | 1,607 | ' |
2018 | 1,208 | ' |
2019 | $1,254 | ' |
Investment_Securities_Investme
Investment Securities - Investments by Contractual Maturity Date (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
Amortized Cost | $3,016,432 | $2,350,864 | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains | 37,273 | 19,686 | ' |
Gross unrealized loss | -4,263 | -9,602 | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
Fair Value | 3,049,442 | 2,360,948 | ' |
Yield, Available-for-sale securities | ' | ' | ' |
Yield | 1.99% | 1.70% | ' |
Amortized Cost, Held-to-maturity securities | ' | ' | ' |
Amortized Cost | 1,548,265 | 1,654,666 | ' |
Gross Unrealized Gains / Losses, Held-to-maturity securities | ' | ' | ' |
Gross unrealized gains | 4,855 | 3,387 | ' |
Gross unrealized losses | -53,902 | -75,204 | ' |
Fair Value, Held-to-maturity securities | ' | ' | ' |
Fair Value | 1,499,218 | 1,582,849 | ' |
Yield, Held-to-maturity securities | ' | ' | ' |
Without a single maturity date | 3.13% | ' | ' |
Yield | ' | 3.14% | ' |
Investments | 4,564,697 | 4,005,530 | ' |
Gross unrealized gains on investments | 42,128 | 23,073 | ' |
Gross unrealized losses on investments | -58,165 | -84,806 | ' |
Fair value of investments | 4,548,660 | 3,943,797 | ' |
Yield on investments | 2.38% | 2.30% | ' |
Proceeds from available-for-sale securities | 0 | 43,198 | 2,257,913 |
Gain (loss) on sale of securities | ' | 0 | 95,234 |
Term of contractual due dates of substantially all mortgage-backed securities | '25 years | ' | ' |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 1,642,718 | 190,357 | ' |
Obligations of U.S. government | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 171,154 | 61,002 | ' |
5 to 10 years | 203,317 | 129,219 | ' |
Over 10 years | 354,828 | 344,571 | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, 1 to 5 years | 2,585 | 3,393 | ' |
Gross unrealized gains, 5 to 10 years | 300 | 0 | ' |
Gross unrealized gains, over 10 years | 1,028 | 0 | ' |
Gross unrealized losses, 1 to 5 years | -748 | -252 | ' |
Gross unrealized losses, 5 to 10 years | -102 | -1,547 | ' |
Gross unrealized losses, over 10 years | -419 | -2,411 | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 172,991 | 64,143 | ' |
5 to 10 years | 203,515 | 127,672 | ' |
Over 10 years | 355,437 | 342,160 | ' |
Yield, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 1.26% | 1.98% | ' |
5 to 10 years | 1.45% | 0.86% | ' |
Over 10 years | 1.25% | 0.93% | ' |
Equity Securities | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 100,500 | 500 | ' |
5 to 10 years | 0 | 100,000 | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, 1 to 5 years | 887 | 11 | ' |
Gross unrealized gains, 5 to 10 years | 0 | 726 | ' |
Gross unrealized losses, 1 to 5 years | 0 | 0 | ' |
Gross unrealized losses, 5 to 10 years | 0 | 0 | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 101,387 | 511 | ' |
5 to 10 years | 0 | 100,726 | ' |
Yield, Available-for-sale securities | ' | ' | ' |
1 to 5 years | 1.90% | 2.17% | ' |
5 to 10 years | 0.00% | 1.80% | ' |
Corporate debt securities | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
Within 1 year | 15,000 | 19,500 | ' |
1 to 5 years | 302,540 | 317,190 | ' |
5 to 10 years | 138,201 | 113,060 | ' |
Over 10 years | 50,000 | ' | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, within 1 year | 75 | 3 | ' |
Gross unrealized gains, 1 to 5 years | 2,372 | 1,980 | ' |
Gross unrealized gains, 5 to 10 years | 1,789 | 1,180 | ' |
Gross unrealized gains, over 10 years | 0 | ' | ' |
Gross unrealized losses, within 1 year | 0 | 0 | ' |
Gross unrealized losses, 1 to 5 years | 0 | -130 | ' |
Gross unrealized losses, 5 to 10 years | -970 | -768 | ' |
Gross unrealized losses, over 10 years | 0 | ' | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
Within 1 year | 15,075 | 19,503 | ' |
1 to 5 years | 304,912 | 319,040 | ' |
5 to 10 years | 139,020 | 113,472 | ' |
Over 10 years | 50,000 | ' | ' |
Yield, Available-for-sale securities | ' | ' | ' |
Within 1 year | 1.00% | 0.49% | ' |
1 to 5 years | 0.71% | 0.75% | ' |
5 to 10 years | 1.43% | 1.53% | ' |
Over 10 years | 3.00% | ' | ' |
Yield, Held-to-maturity securities | ' | ' | ' |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 24,155 | 9,763 | ' |
Municipal Bonds | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
Over 10 years | 20,402 | 20,422 | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, over 10 years | 3,279 | 2,123 | ' |
Gross unrealized losses, over 10 years | 0 | 0 | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
Over 10 years | 23,681 | 22,545 | ' |
Yield, Available-for-sale securities | ' | ' | ' |
Over 10 years | 6.45% | 6.45% | ' |
Agency pass through mortgage-backed securities | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
Without single maturity date | 1,561,639 | 1,245,400 | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, without single maturity date | 24,893 | 10,270 | ' |
Gross unrealized losses, without single maturity date | -2,024 | -4,494 | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
Without single maturity date | 1,584,508 | 1,251,176 | ' |
Yield, Available-for-sale securities | ' | ' | ' |
Without single maturity date | 2.57% | 2.18% | ' |
Amortized Cost, Held-to-maturity securities | ' | ' | ' |
Without single maturity date | 1,548,265 | 1,654,666 | ' |
Gross Unrealized Gains / Losses, Held-to-maturity securities | ' | ' | ' |
Gross unrealized gains, without single maturity date | 4,855 | 3,387 | ' |
Gross unrealized losses, without single maturity date | -53,902 | -75,204 | ' |
Fair Value, Held-to-maturity securities | ' | ' | ' |
Without single maturity date | 1,499,218 | 1,582,849 | ' |
Yield, Held-to-maturity securities | ' | ' | ' |
Without a single maturity date | 3.13% | 3.14% | ' |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 1,509,209 | 166,503 | ' |
Commercial Mortgage Backed Securities [Member] | ' | ' | ' |
Amortized Cost, Available-for-sale securities | ' | ' | ' |
Without single maturity date | 98,851 | ' | ' |
Gross Unrealized Gains / Losses, Available-for-sale securities | ' | ' | ' |
Gross unrealized gains, without single maturity date | 65 | ' | ' |
Fair Value, Available-for-sale securities | ' | ' | ' |
Without single maturity date | $98,916 | ' | ' |
Yield, Available-for-sale securities | ' | ' | ' |
Without single maturity date | 1.49% | ' | ' |
Investment_Securities_Securiti
Investment Securities - Securities in Continuous Loss Position (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Unrealized gross losses of AFS securities, continuous unrealized loss position, less than 12 months | ($812) | ($83,095) |
Fair value of AFS securities, continuous unrealized loss position, less than 12 months | 360,665 | 2,065,491 |
Unrealized gross losses of AFS securities, continuous unrealized loss position, 12 months or longer | -57,353 | -1,711 |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 1,642,718 | 190,357 |
Unrealized gross losses of AFS securities, continuous unrealized loss position | -58,165 | -84,806 |
Fair value of AFS securities, continuous unrealized loss position | 2,003,383 | 2,255,848 |
Corporate debt securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Unrealized gross losses of AFS securities, continuous unrealized loss position, less than 12 months | -125 | -660 |
Fair value of AFS securities, continuous unrealized loss position, less than 12 months | 24,875 | 52,434 |
Unrealized gross losses of AFS securities, continuous unrealized loss position, 12 months or longer | -845 | -238 |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 24,155 | 9,763 |
Unrealized gross losses of AFS securities, continuous unrealized loss position | -970 | -898 |
Fair value of AFS securities, continuous unrealized loss position | 49,030 | 62,197 |
U.S. agency securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Unrealized gross losses of AFS securities, continuous unrealized loss position, less than 12 months | -472 | -4,144 |
Fair value of AFS securities, continuous unrealized loss position, less than 12 months | 316,578 | 309,109 |
Unrealized gross losses of AFS securities, continuous unrealized loss position, 12 months or longer | -797 | -66 |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 109,354 | 14,091 |
Unrealized gross losses of AFS securities, continuous unrealized loss position | -1,269 | -4,210 |
Fair value of AFS securities, continuous unrealized loss position | 425,932 | 323,200 |
Agency pass through mortgage-backed securities | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Unrealized gross losses of AFS securities, continuous unrealized loss position, less than 12 months | -215 | -78,291 |
Fair value of AFS securities, continuous unrealized loss position, less than 12 months | 19,212 | 1,703,948 |
Unrealized gross losses of AFS securities, continuous unrealized loss position, 12 months or longer | -55,711 | -1,407 |
Fair value of AFS securities, continuous unrealized loss position, 12 months or longer | 1,509,209 | 166,503 |
Unrealized gross losses of AFS securities, continuous unrealized loss position | -55,926 | -79,698 |
Fair value of AFS securities, continuous unrealized loss position | $1,528,421 | $1,870,451 |
Loans_Receivable_excluding_Cov2
Loans Receivable (excluding Covered Loans) - Schedule of Loans Receivable (excluding Covered Loans) (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | $8,669,717 | $7,990,545 | ' |
Ratio of type of loan to total loans receivable | 100.00% | 100.00% | ' |
Allowance for probable losses | 112,347 | 116,741 | 133,147 |
Loans in process | 346,172 | 275,577 | ' |
Discount on acquired loans | 25,391 | 34,143 | ' |
Deferred net origination fees | 37,485 | 36,054 | ' |
Charges against loans receivable | 521,395 | 462,515 | ' |
Loans receivable, net | 8,148,322 | 7,528,030 | ' |
Single-family residential | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 5,572,244 | 5,373,950 | ' |
Ratio of type of loan to total loans receivable | 64.20% | 67.30% | ' |
Allowance for probable losses | 62,763 | 64,184 | 81,815 |
Construction - speculative | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 140,060 | 130,778 | ' |
Ratio of type of loan to total loans receivable | 1.60% | 1.60% | ' |
Allowance for probable losses | 6,742 | 8,407 | 12,060 |
Construction - custom | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 385,824 | 302,722 | ' |
Ratio of type of loan to total loans receivable | 4.50% | 3.80% | ' |
Allowance for probable losses | 1,695 | 882 | 347 |
Land - acquisition & development | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 80,359 | 81,660 | ' |
Ratio of type of loan to total loans receivable | 0.90% | 1.10% | ' |
Allowance for probable losses | 5,592 | 9,165 | 15,598 |
Land - consumer lot loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 111,130 | 124,984 | ' |
Ratio of type of loan to total loans receivable | 1.30% | 1.50% | ' |
Allowance for probable losses | 3,077 | 3,552 | 4,937 |
Multi-family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 920,285 | 835,598 | ' |
Ratio of type of loan to total loans receivable | 10.60% | 10.50% | ' |
Allowance for probable losses | 4,248 | 3,816 | 5,280 |
Commercial real estate | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 752,957 | 625,293 | ' |
Ratio of type of loan to total loans receivable | 8.70% | 7.90% | ' |
Allowance for probable losses | 7,548 | 5,595 | 1,956 |
Commercial & industrial | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 434,088 | 326,450 | ' |
Ratio of type of loan to total loans receivable | 5.00% | 4.00% | ' |
Allowance for probable losses | 16,527 | 16,614 | 7,626 |
HELOC | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 134,455 | 133,631 | ' |
Ratio of type of loan to total loans receivable | 1.60% | 1.60% | ' |
Allowance for probable losses | 928 | 1,002 | 965 |
Consumer | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 138,315 | 55,479 | ' |
Ratio of type of loan to total loans receivable | 1.60% | 0.70% | ' |
Allowance for probable losses | 3,227 | 3,524 | 2,563 |
Non-acquired loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 8,409,022 | 7,641,266 | ' |
Ratio of type of loan to total loans receivable | 97.20% | 95.60% | ' |
Non-acquired loans | Single-family residential | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 5,560,203 | 5,359,149 | ' |
Ratio of type of loan to total loans receivable | 64.10% | 67.10% | ' |
Non-acquired loans | Construction - speculative | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 140,060 | 130,778 | ' |
Ratio of type of loan to total loans receivable | 1.60% | 1.60% | ' |
Non-acquired loans | Construction - custom | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 385,824 | 302,722 | ' |
Ratio of type of loan to total loans receivable | 4.50% | 3.80% | ' |
Non-acquired loans | Land - acquisition & development | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 77,832 | 77,775 | ' |
Ratio of type of loan to total loans receivable | 0.90% | 1.10% | ' |
Non-acquired loans | Land - consumer lot loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 108,623 | 121,671 | ' |
Ratio of type of loan to total loans receivable | 1.30% | 1.50% | ' |
Non-acquired loans | Multi-family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 917,286 | 831,684 | ' |
Ratio of type of loan to total loans receivable | 10.60% | 10.40% | ' |
Non-acquired loans | Commercial real estate | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 591,336 | 414,961 | ' |
Ratio of type of loan to total loans receivable | 6.90% | 5.10% | ' |
Non-acquired loans | Commercial & industrial | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 379,226 | 243,199 | ' |
Ratio of type of loan to total loans receivable | 4.40% | 3.00% | ' |
Non-acquired loans | HELOC | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 116,042 | 112,186 | ' |
Ratio of type of loan to total loans receivable | 1.40% | 1.40% | ' |
Non-acquired loans | Consumer | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 132,590 | 47,141 | ' |
Ratio of type of loan to total loans receivable | 1.50% | 0.60% | ' |
Acquired loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 184,188 | 250,379 | ' |
Ratio of type of loan to total loans receivable | 2.00% | 3.10% | ' |
Acquired loans | Single-family residential | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 11,716 | 14,468 | ' |
Ratio of type of loan to total loans receivable | 0.10% | 0.20% | ' |
Acquired loans | Construction - speculative | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Acquired loans | Construction - custom | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Acquired loans | Land - acquisition & development | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 905 | 1,489 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Acquired loans | Land - consumer lot loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 2,507 | 3,313 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Acquired loans | Multi-family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 2,999 | 3,914 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.10% | ' |
Acquired loans | Commercial real estate | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 97,898 | 133,423 | ' |
Ratio of type of loan to total loans receivable | 1.10% | 1.70% | ' |
Acquired loans | Commercial & industrial | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 54,219 | 75,326 | ' |
Ratio of type of loan to total loans receivable | 0.60% | 0.90% | ' |
Acquired loans | HELOC | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 8,274 | 10,179 | ' |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | ' |
Acquired loans | Consumer | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 5,670 | 8,267 | ' |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | ' |
Credit-impaired acquired loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 76,507 | 98,900 | ' |
Ratio of type of loan to total loans receivable | 0.80% | 1.30% | ' |
Credit-impaired acquired loans | Single-family residential | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 325 | 333 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Construction - speculative | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Construction - custom | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Land - acquisition & development | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 1,622 | 2,396 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Land - consumer lot loans | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Multi-family | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 0 | 0 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Credit-impaired acquired loans | Commercial real estate | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 63,723 | 76,909 | ' |
Ratio of type of loan to total loans receivable | 0.70% | 1.10% | ' |
Credit-impaired acquired loans | Commercial & industrial | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 643 | 7,925 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.10% | ' |
Credit-impaired acquired loans | HELOC | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | 10,139 | 11,266 | ' |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | ' |
Credit-impaired acquired loans | Consumer | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans receivable, gross | $55 | $71 | ' |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | ' |
Loans_Receivable_excluding_Cov3
Loans Receivable (excluding Covered Loans) - Interest Rate Terms (Details) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | $6,210,308 |
Loans at adjustable-rate | 2,459,409 |
Within 1 year | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 366,988 |
Loans at adjustable-rate | 1,167,059 |
1 to 3 years | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 189,917 |
Loans at adjustable-rate | 562,839 |
3 to 5 years | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 100,854 |
Loans at adjustable-rate | 713,975 |
5 to 10 years | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 127,292 |
Loans at adjustable-rate | 12,884 |
10 to 20 years | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 819,570 |
Loans at adjustable-rate | 0 |
Over 20 years | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans at fixed-rate | 4,605,687 |
Loans at adjustable-rate | $2,652 |
Loans_Receivable_excluding_Cov4
Loans Receivable (excluding Covered Loans) - Loans Receivable by Geographic Location (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | $8,669,717 | $7,990,545 |
Ratio of loans by geographic location to total loans | 100.00% | ' |
Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,948,341 | ' |
Ratio of loans by geographic location to total loans | 45.80% | ' |
Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 1,381,176 | ' |
Ratio of loans by geographic location to total loans | 16.10% | ' |
Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 961,386 | ' |
Ratio of loans by geographic location to total loans | 11.00% | ' |
Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 674,618 | ' |
Ratio of loans by geographic location to total loans | 7.80% | ' |
Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 576,746 | ' |
Ratio of loans by geographic location to total loans | 6.70% | ' |
Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 398,006 | ' |
Ratio of loans by geographic location to total loans | 4.50% | ' |
New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 381,995 | ' |
Ratio of loans by geographic location to total loans | 4.20% | ' |
Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 215,937 | ' |
Ratio of loans by geographic location to total loans | 2.40% | ' |
Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 131,512 | ' |
Ratio of loans by geographic location to total loans | 1.50% | ' |
Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,572,244 | 5,373,950 |
Ratio of loans by geographic location to total loans | 64.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Single-family residential | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,711,711 | ' |
Ratio of loans by geographic location to total loans | 31.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 48.70% | ' |
Single-family residential | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 784,794 | ' |
Ratio of loans by geographic location to total loans | 9.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 14.10% | ' |
Single-family residential | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 600,306 | ' |
Ratio of loans by geographic location to total loans | 6.90% | ' |
Percentage of loans by geographic area as a percentage of loan type | 10.80% | ' |
Single-family residential | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 206,586 | ' |
Ratio of loans by geographic location to total loans | 2.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 3.10% | ' |
Single-family residential | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 471,248 | ' |
Ratio of loans by geographic location to total loans | 5.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 3.70% | ' |
Single-family residential | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 323,320 | ' |
Ratio of loans by geographic location to total loans | 3.70% | ' |
Percentage of loans by geographic area as a percentage of loan type | 8.50% | ' |
Single-family residential | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 174,102 | ' |
Ratio of loans by geographic location to total loans | 2.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 5.80% | ' |
Single-family residential | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 180,950 | ' |
Ratio of loans by geographic location to total loans | 2.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 3.20% | ' |
Single-family residential | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 119,227 | ' |
Ratio of loans by geographic location to total loans | 1.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.10% | ' |
Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 920,285 | 835,598 |
Ratio of loans by geographic location to total loans | 10.50% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Multi-family | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 315,584 | ' |
Ratio of loans by geographic location to total loans | 3.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 34.30% | ' |
Multi-family | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 278,112 | ' |
Ratio of loans by geographic location to total loans | 3.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 30.20% | ' |
Multi-family | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 182,645 | ' |
Ratio of loans by geographic location to total loans | 2.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 19.80% | ' |
Multi-family | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 688 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 5.80% | ' |
Multi-family | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 49,755 | ' |
Ratio of loans by geographic location to total loans | 0.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.10% | ' |
Multi-family | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 25,294 | ' |
Ratio of loans by geographic location to total loans | 0.30% | ' |
Percentage of loans by geographic area as a percentage of loan type | 5.40% | ' |
Multi-family | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 53,002 | ' |
Ratio of loans by geographic location to total loans | 0.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.70% | ' |
Multi-family | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 12,852 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 1.40% | ' |
Multi-family | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,353 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.30% | ' |
Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 80,359 | 81,660 |
Ratio of loans by geographic location to total loans | 0.90% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Land - acquisition & development | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 46,091 | ' |
Ratio of loans by geographic location to total loans | 0.50% | ' |
Percentage of loans by geographic area as a percentage of loan type | 57.30% | ' |
Land - acquisition & development | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,655 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 7.00% | ' |
Land - acquisition & development | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,201 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 4.00% | ' |
Land - acquisition & development | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 18.60% | ' |
Land - acquisition & development | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,430 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Land - acquisition & development | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,277 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 6.80% | ' |
Land - acquisition & development | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 14,923 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.80% | ' |
Land - acquisition & development | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,782 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 3.50% | ' |
Land - acquisition & development | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 111,130 | 124,984 |
Ratio of loans by geographic location to total loans | 1.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Land - consumer lot loans | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 61,525 | ' |
Ratio of loans by geographic location to total loans | 0.70% | ' |
Percentage of loans by geographic area as a percentage of loan type | 55.30% | ' |
Land - consumer lot loans | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 19,738 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 17.80% | ' |
Land - consumer lot loans | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 10,040 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 9.00% | ' |
Land - consumer lot loans | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.70% | ' |
Land - consumer lot loans | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,293 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Land - consumer lot loans | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 9,479 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 4.80% | ' |
Land - consumer lot loans | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,946 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 8.50% | ' |
Land - consumer lot loans | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 629 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.60% | ' |
Land - consumer lot loans | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 1,480 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 1.30% | ' |
Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Ratio of loans by geographic location to total loans | 4.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Construction - custom | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 211,474 | ' |
Ratio of loans by geographic location to total loans | 2.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 54.80% | ' |
Construction - custom | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 53,218 | ' |
Ratio of loans by geographic location to total loans | 0.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 13.80% | ' |
Construction - custom | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 42,326 | ' |
Ratio of loans by geographic location to total loans | 0.50% | ' |
Percentage of loans by geographic area as a percentage of loan type | 11.00% | ' |
Construction - custom | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 5.40% | ' |
Construction - custom | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 28,107 | ' |
Ratio of loans by geographic location to total loans | 0.30% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Construction - custom | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 16,008 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 7.30% | ' |
Construction - custom | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 21,024 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 4.10% | ' |
Construction - custom | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 7,941 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.10% | ' |
Construction - custom | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,726 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 1.50% | ' |
Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 140,060 | 130,778 |
Ratio of loans by geographic location to total loans | 1.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Construction - speculative | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 68,668 | ' |
Ratio of loans by geographic location to total loans | 0.80% | ' |
Percentage of loans by geographic area as a percentage of loan type | 49.00% | ' |
Construction - speculative | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 31,210 | ' |
Ratio of loans by geographic location to total loans | 0.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 22.30% | ' |
Construction - speculative | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 9,393 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 6.70% | ' |
Construction - speculative | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 7.10% | ' |
Construction - speculative | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,640 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Construction - speculative | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 12,195 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 4.00% | ' |
Construction - speculative | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 9,893 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 8.70% | ' |
Construction - speculative | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,061 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.20% | ' |
Construction - speculative | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 752,957 | 625,293 |
Ratio of loans by geographic location to total loans | 8.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Commercial real estate | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 372,239 | ' |
Ratio of loans by geographic location to total loans | 4.30% | ' |
Percentage of loans by geographic area as a percentage of loan type | 49.60% | ' |
Commercial real estate | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 161,401 | ' |
Ratio of loans by geographic location to total loans | 1.90% | ' |
Percentage of loans by geographic area as a percentage of loan type | 21.40% | ' |
Commercial real estate | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 92,817 | ' |
Ratio of loans by geographic location to total loans | 1.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 12.30% | ' |
Commercial real estate | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 19,160 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 12.00% | ' |
Commercial real estate | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,319 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 2.50% | ' |
Commercial real estate | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,656 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.40% | ' |
Commercial real estate | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 90,288 | ' |
Ratio of loans by geographic location to total loans | 1.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.50% | ' |
Commercial real estate | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 7,722 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 1.00% | ' |
Commercial real estate | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 2,355 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.30% | ' |
Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 434,088 | 326,450 |
Ratio of loans by geographic location to total loans | 5.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Commercial & industrial | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 87,312 | ' |
Ratio of loans by geographic location to total loans | 1.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 20.10% | ' |
Commercial & industrial | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 31,547 | ' |
Ratio of loans by geographic location to total loans | 0.40% | ' |
Percentage of loans by geographic area as a percentage of loan type | 7.30% | ' |
Commercial & industrial | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 1,078 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.20% | ' |
Commercial & industrial | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 309,855 | ' |
Ratio of loans by geographic location to total loans | 3.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.70% | ' |
Commercial & industrial | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 297 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 71.40% | ' |
Commercial & industrial | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 769 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.10% | ' |
Commercial & industrial | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 3,230 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.20% | ' |
Commercial & industrial | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Commercial & industrial | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 138,315 | 55,479 |
Ratio of loans by geographic location to total loans | 1.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Consumer | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 16 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 138,299 | ' |
Ratio of loans by geographic location to total loans | 1.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
Consumer | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
Consumer | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 134,455 | 133,631 |
Ratio of loans by geographic location to total loans | 1.60% | ' |
Percentage of loans by geographic area as a percentage of loan type | 100.00% | ' |
HELOC | Washington | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 73,721 | ' |
Ratio of loans by geographic location to total loans | 0.90% | ' |
Percentage of loans by geographic area as a percentage of loan type | 54.80% | ' |
HELOC | Oregon | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 15,501 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 11.50% | ' |
HELOC | Arizona | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 19,580 | ' |
Ratio of loans by geographic location to total loans | 0.20% | ' |
Percentage of loans by geographic area as a percentage of loan type | 14.60% | ' |
HELOC | Other | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 30 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 9.40% | ' |
HELOC | Utah | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 7,657 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
HELOC | Idaho | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 5,008 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 5.70% | ' |
HELOC | New Mexico | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 12,587 | ' |
Ratio of loans by geographic location to total loans | 0.10% | ' |
Percentage of loans by geographic area as a percentage of loan type | 3.70% | ' |
HELOC | Texas | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | 0 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.00% | ' |
HELOC | Nevada | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans receivable, gross | $371 | ' |
Ratio of loans by geographic location to total loans | 0.00% | ' |
Percentage of loans by geographic area as a percentage of loan type | 0.30% | ' |
Loans_Receivable_excluding_Cov5
Loans Receivable (excluding Covered Loans) - Loans Impaired, Loan Commitments and Loans Serviced (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Receivables [Abstract] | ' | ' |
Recorded investment in impaired loans | $435,185 | $454,557 |
Trouble Debt Restructuring included in impaired loans | 374,743 | 415,696 |
Impaired loans with allocated reserves | 196 | 6,035 |
Reserves on impaired loans | 60 | 3,473 |
Average balance of impaired loans | 403,138 | 495,472 |
Interest income from impaired loans | 21,674 | 24,798 |
Outstanding fixed-rate origination commitments | 198,504 | 190,363 |
Loans serviced for others | $86,745 | $55,589 |
Loans_Receivable_excluding_Cov6
Loans Receivable (excluding Covered Loans) - Loans on Non-accrual Status (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | $87,431 | $131,299 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 100.00% | 100.00% |
Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 74,067 | 100,460 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 84.80% | 76.50% |
Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 1,477 | 4,560 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 1.70% | 3.50% |
Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 0 | 0 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.00% | 0.00% |
Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 811 | 2,903 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.90% | 2.20% |
Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 2,637 | 3,337 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 3.00% | 2.50% |
Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 1,742 | 6,573 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 2.00% | 5.00% |
Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 5,106 | 11,736 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 5.80% | 8.90% |
Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 7 | 477 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.00% | 0.40% |
HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 795 | 263 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.90% | 0.20% |
Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | $789 | $990 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.90% | 0.80% |
Loans_Receivable_excluding_Cov7
Loans Receivable (excluding Covered Loans) - Loans Receivable, Analysis of Age of Loans in Past Due Status (Details) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | $8,323,544 |
Loans based on number of days delinquent, current | 8,203,280 |
Loans based on number of days delinquent, 30 days | 19,762 |
Loans based on number of days delinquent, 60 days | 27,907 |
Loans based on number of days delinquent, 90 days | 72,595 |
Loans based on number of days delinquent, total | 120,264 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.44% |
Non-acquired loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 8,063,364 |
Loans based on number of days delinquent, current | 7,947,551 |
Loans based on number of days delinquent, 30 days | 19,477 |
Loans based on number of days delinquent, 60 days | 26,449 |
Loans based on number of days delinquent, 90 days | 69,887 |
Loans based on number of days delinquent, total | 115,813 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.44% |
Non-acquired loans | Single-family residential | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 5,557,753 |
Loans based on number of days delinquent, current | 5,467,239 |
Loans based on number of days delinquent, 30 days | 15,926 |
Loans based on number of days delinquent, 60 days | 9,139 |
Loans based on number of days delinquent, 90 days | 65,449 |
Loans based on number of days delinquent, total | 90,514 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.63% |
Non-acquired loans | Construction - speculative | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 87,035 |
Loans based on number of days delinquent, current | 87,035 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Non-acquired loans | Construction - custom | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 192,098 |
Loans based on number of days delinquent, current | 191,262 |
Loans based on number of days delinquent, 30 days | 836 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 836 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.44% |
Non-acquired loans | Land - acquisition & development | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 68,066 |
Loans based on number of days delinquent, current | 67,911 |
Loans based on number of days delinquent, 30 days | 155 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 155 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.23% |
Non-acquired loans | Land - consumer lot loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 108,589 |
Loans based on number of days delinquent, current | 104,571 |
Loans based on number of days delinquent, 30 days | 1,246 |
Loans based on number of days delinquent, 60 days | 304 |
Loans based on number of days delinquent, 90 days | 2,468 |
Loans based on number of days delinquent, total | 4,018 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.70% |
Non-acquired loans | Multi-family | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 892,196 |
Loans based on number of days delinquent, current | 891,372 |
Loans based on number of days delinquent, 30 days | 205 |
Loans based on number of days delinquent, 60 days | 16 |
Loans based on number of days delinquent, 90 days | 603 |
Loans based on number of days delinquent, total | 824 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.09% |
Non-acquired loans | Commercial real estate | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 529,453 |
Loans based on number of days delinquent, current | 513,409 |
Loans based on number of days delinquent, 30 days | 67 |
Loans based on number of days delinquent, 60 days | 15,118 |
Loans based on number of days delinquent, 90 days | 859 |
Loans based on number of days delinquent, total | 16,044 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.03% |
Non-acquired loans | Commercial & industrial | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 379,226 |
Loans based on number of days delinquent, current | 377,848 |
Loans based on number of days delinquent, 30 days | 53 |
Loans based on number of days delinquent, 60 days | 1,318 |
Loans based on number of days delinquent, 90 days | 7 |
Loans based on number of days delinquent, total | 1,378 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.36% |
Non-acquired loans | HELOC | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 116,262 |
Loans based on number of days delinquent, current | 115,262 |
Loans based on number of days delinquent, 30 days | 335 |
Loans based on number of days delinquent, 60 days | 292 |
Loans based on number of days delinquent, 90 days | 373 |
Loans based on number of days delinquent, total | 1,000 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.86% |
Non-acquired loans | Consumer | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 132,686 |
Loans based on number of days delinquent, current | 131,642 |
Loans based on number of days delinquent, 30 days | 654 |
Loans based on number of days delinquent, 60 days | 262 |
Loans based on number of days delinquent, 90 days | 128 |
Loans based on number of days delinquent, total | 1,044 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.79% |
Acquired loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 180,892 |
Loans based on number of days delinquent, current | 178,945 |
Loans based on number of days delinquent, 30 days | 126 |
Loans based on number of days delinquent, 60 days | 474 |
Loans based on number of days delinquent, 90 days | 1,347 |
Loans based on number of days delinquent, total | 1,947 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.08% |
Acquired loans | Single-family residential | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 11,716 |
Loans based on number of days delinquent, current | 11,693 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 23 |
Loans based on number of days delinquent, total | 23 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.20% |
Acquired loans | Construction - speculative | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Acquired loans | Construction - custom | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Acquired loans | Land - acquisition & development | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 905 |
Loans based on number of days delinquent, current | 905 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Acquired loans | Land - consumer lot loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 2,502 |
Loans based on number of days delinquent, current | 2,132 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 370 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 370 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 14.79% |
Acquired loans | Multi-family | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 2,999 |
Loans based on number of days delinquent, current | 2,999 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Acquired loans | Commercial real estate | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 97,715 |
Loans based on number of days delinquent, current | 96,948 |
Loans based on number of days delinquent, 30 days | 104 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 663 |
Loans based on number of days delinquent, total | 767 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.78% |
Acquired loans | Commercial & industrial | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 51,329 |
Loans based on number of days delinquent, current | 51,229 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 100 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 100 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.19% |
Acquired loans | HELOC | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 8,056 |
Loans based on number of days delinquent, current | 8,056 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Acquired loans | Consumer | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 5,670 |
Loans based on number of days delinquent, current | 4,983 |
Loans based on number of days delinquent, 30 days | 22 |
Loans based on number of days delinquent, 60 days | 4 |
Loans based on number of days delinquent, 90 days | 661 |
Loans based on number of days delinquent, total | 687 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 12.12% |
Credit-impaired acquired loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 79,288 |
Loans based on number of days delinquent, current | 76,784 |
Loans based on number of days delinquent, 30 days | 159 |
Loans based on number of days delinquent, 60 days | 984 |
Loans based on number of days delinquent, 90 days | 1,361 |
Loans based on number of days delinquent, total | 2,504 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.16% |
Credit-impaired acquired loans | Single-family residential | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 325 |
Loans based on number of days delinquent, current | 325 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Construction - speculative | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Construction - custom | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Land - acquisition & development | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 1,581 |
Loans based on number of days delinquent, current | 1,581 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Land - consumer lot loans | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Multi-family | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 0 |
Loans based on number of days delinquent, current | 0 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Credit-impaired acquired loans | Commercial real estate | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 63,713 |
Loans based on number of days delinquent, current | 61,713 |
Loans based on number of days delinquent, 30 days | 152 |
Loans based on number of days delinquent, 60 days | 909 |
Loans based on number of days delinquent, 90 days | 939 |
Loans based on number of days delinquent, total | 2,000 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.14% |
Credit-impaired acquired loans | Commercial & industrial | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 3,477 |
Loans based on number of days delinquent, current | 3,470 |
Loans based on number of days delinquent, 30 days | 7 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | 7 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.20% |
Credit-impaired acquired loans | HELOC | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 10,138 |
Loans based on number of days delinquent, current | 9,641 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 75 |
Loans based on number of days delinquent, 90 days | 422 |
Loans based on number of days delinquent, total | 497 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 4.90% |
Credit-impaired acquired loans | Consumer | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Amount of Loans, net of LIP & charge-offs | 54 |
Loans based on number of days delinquent, current | 54 |
Loans based on number of days delinquent, 30 days | 0 |
Loans based on number of days delinquent, 60 days | 0 |
Loans based on number of days delinquent, 90 days | 0 |
Loans based on number of days delinquent, total | $0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% |
Loans_Receivable_excluding_Cov8
Loans Receivable (excluding Covered Loans) - Troubled Debt Restructurings and Loan Modifications (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
contract | contract | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Approximate rate reduction concession, minimum | 1.00% | ' |
Approximate rate reduction concession, maximum | 2.00% | ' |
Trouble Debt Restructuring included in impaired loans | $374,743 | $415,696 |
Single family residential loans as percentage of restructured loans | 86.00% | 86.00% |
Number of contracts | 267 | 453 |
Pre-modification, outstanding recorded investment | 59,803 | 123,463 |
Post-modification, outstanding recorded investment | 59,803 | 123,463 |
Subsequent default, number of contracts | 46 | 83 |
Subsequent default, recorded investment | 8,396 | 20,139 |
Single-family residential | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 241 | 406 |
Pre-modification, outstanding recorded investment | 52,900 | 105,551 |
Post-modification, outstanding recorded investment | 52,900 | 105,551 |
Subsequent default, number of contracts | 38 | 78 |
Subsequent default, recorded investment | 7,427 | 17,120 |
Construction - speculative | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 0 | 1 |
Pre-modification, outstanding recorded investment | 0 | 2,470 |
Post-modification, outstanding recorded investment | 0 | 2,470 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | 0 | 0 |
Construction - custom | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 0 | 0 |
Pre-modification, outstanding recorded investment | 0 | 0 |
Post-modification, outstanding recorded investment | 0 | 0 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | 0 | 0 |
Land - acquisition & development | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 3 | 1 |
Pre-modification, outstanding recorded investment | 631 | 461 |
Post-modification, outstanding recorded investment | 631 | 461 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | 0 | 0 |
Land - consumer lot loans | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 13 | 25 |
Pre-modification, outstanding recorded investment | 2,315 | 3,134 |
Post-modification, outstanding recorded investment | 2,315 | 3,134 |
Subsequent default, number of contracts | 8 | 2 |
Subsequent default, recorded investment | 969 | 237 |
Multi-family | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 2 | 1 |
Pre-modification, outstanding recorded investment | 1,196 | 36 |
Post-modification, outstanding recorded investment | 1,196 | 36 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | 0 | 0 |
Commercial real estate | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 3 | 15 |
Pre-modification, outstanding recorded investment | 2,177 | 11,523 |
Post-modification, outstanding recorded investment | 2,177 | 11,523 |
Subsequent default, number of contracts | 0 | 2 |
Subsequent default, recorded investment | 0 | 2,703 |
Commercial & industrial | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 0 | 1 |
Pre-modification, outstanding recorded investment | 0 | 56 |
Post-modification, outstanding recorded investment | 0 | 56 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | 0 | 0 |
HELOC | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 2 | 1 |
Pre-modification, outstanding recorded investment | 549 | 199 |
Post-modification, outstanding recorded investment | 549 | 199 |
Subsequent default, number of contracts | 0 | 1 |
Subsequent default, recorded investment | 0 | 79 |
Consumer | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 3 | 2 |
Pre-modification, outstanding recorded investment | 35 | 33 |
Post-modification, outstanding recorded investment | 35 | 33 |
Subsequent default, number of contracts | 0 | 0 |
Subsequent default, recorded investment | $0 | $0 |
Loans_Receivable_excluding_Cov9
Loans Receivable (excluding Covered Loans) - Changes in Accretable Yield for Acquired Impaired Loans (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretion | $802 | $1,086 |
Credit-impaired acquired loans | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 37,236 | 16,928 |
Carrying amount, balance at beginning of period | 69,718 | 77,613 |
Accretable yield, additions | 7,300 | 0 |
Carrying Amount, additions | 0 | 9,865 |
Accretable yield, reclassifications from nonaccretable balance, net | 0 | 30,026 |
Carrying amount, reclassifications from nonaccretable balance, net | 0 | 0 |
Accretable yield, accretion | -11,945 | -9,718 |
Accretion | 11,945 | 9,718 |
Accretable yield, transfers to real estate owned | 0 | 0 |
Carrying amount, transfers to real estate owned | -1,188 | -3,975 |
Accretable yield, payments received, net | 0 | 0 |
Carrying amount, payments received, net | -22,704 | -23,503 |
Accretable yield, balance at end of period | 32,591 | 37,236 |
Carrying amount, balance at end of period | 57,771 | 69,718 |
Acquired non-impaired loans | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 4,977 | 0 |
Carrying amount, balance at beginning of period | 245,373 | 0 |
Accretable yield, additions | 0 | 10,804 |
Carrying Amount, additions | 0 | 351,335 |
Accretable yield, reclassifications from nonaccretable balance, net | 0 | 0 |
Carrying amount, reclassifications from nonaccretable balance, net | 0 | 0 |
Accretable yield, accretion | -723 | -5,827 |
Accretion | 723 | 5,827 |
Accretable yield, transfers to real estate owned | 0 | 0 |
Carrying amount, transfers to real estate owned | -4,710 | -7,755 |
Accretable yield, payments received, net | 0 | 0 |
Carrying amount, payments received, net | -63,946 | -104,034 |
Accretable yield, balance at end of period | 4,254 | 4,977 |
Carrying amount, balance at end of period | $177,440 | $245,373 |
Recovered_Sheet1
Loans Receivable (excluding Covered Loans) - Schedule of Loans Acquired for Which Payment Collection Not Probable (Details) (USD $) | Sep. 30, 2013 | Dec. 16, 2011 | |
South Valley Bancorp, Inc. | Western National Bank | ||
Business Acquisition [Line Items] | ' | ' | |
Acquired loans uncollectible | $9,900,000 | ' | |
Contractually required payments of interest and principal | ' | 171,515,000 | |
Nonaccretable difference | ' | -56,440,000 | |
Cash flows expected to be collected | ' | 115,075,000 | [1] |
Accretable yield | ' | -21,384,000 | |
Carrying value of acquired loans | ' | $93,691,000 | |
[1] | Represents undiscounted expected principal and interest cash flows |
Allowance_for_Losses_on_Loans_1
Allowance for Losses on Loans - Allowance for Losses on Loans (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | $116,741 | $133,147 |
Charge-offs | -15,099 | -34,101 |
Recoveries | 29,463 | 16,345 |
Provisions & Transfers | -18,758 | 1,350 |
Ending allowance | 112,347 | 116,741 |
Single-family residential | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 64,184 | 81,815 |
Charge-offs | -8,529 | -20,947 |
Recoveries | 17,684 | 9,416 |
Provisions & Transfers | -10,576 | -6,100 |
Ending allowance | 62,763 | 64,184 |
Construction - speculative | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 8,407 | 12,060 |
Charge-offs | -949 | -1,446 |
Recoveries | 97 | 501 |
Provisions & Transfers | -813 | -2,708 |
Ending allowance | 6,742 | 8,407 |
Construction - custom | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 882 | 347 |
Charge-offs | 0 | -481 |
Recoveries | 0 | 0 |
Provisions & Transfers | 813 | 1,016 |
Ending allowance | 1,695 | 882 |
Land - acquisition & development | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 9,165 | 15,598 |
Charge-offs | -541 | -3,983 |
Recoveries | 3,071 | 4,105 |
Provisions & Transfers | -6,103 | -6,555 |
Ending allowance | 5,592 | 9,165 |
Land - consumer lot loans | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 3,552 | 4,937 |
Charge-offs | -658 | -1,363 |
Recoveries | 22 | 40 |
Provisions & Transfers | 161 | -62 |
Ending allowance | 3,077 | 3,552 |
Multi-family | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 3,816 | 5,280 |
Charge-offs | 0 | -1,043 |
Recoveries | 0 | 171 |
Provisions & Transfers | 432 | -592 |
Ending allowance | 4,248 | 3,816 |
Commercial real estate | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 5,595 | 1,956 |
Charge-offs | -105 | -747 |
Recoveries | 33 | 17 |
Provisions & Transfers | 2,025 | 4,369 |
Ending allowance | 7,548 | 5,595 |
Commercial & industrial | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 16,614 | 7,626 |
Charge-offs | -826 | -1,145 |
Recoveries | 5,043 | 95 |
Provisions & Transfers | -4,304 | 10,038 |
Ending allowance | 16,527 | 16,614 |
HELOC | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 1,002 | 965 |
Charge-offs | -48 | -163 |
Recoveries | 0 | 0 |
Provisions & Transfers | -26 | 200 |
Ending allowance | 928 | 1,002 |
Consumer | ' | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' |
Beginning allowance | 3,524 | 2,563 |
Charge-offs | -3,443 | -2,783 |
Recoveries | 3,513 | 2,000 |
Provisions & Transfers | -367 | 1,744 |
Ending allowance | $3,227 | $3,524 |
Allowance_for_Losses_on_Loans_2
Allowance for Losses on Loans - Narrative (Details) (USD $) | 12 Months Ended | ||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Loans receivable, gross | $8,669,717,000 | $7,990,545,000 | ' | ||
Allowance for loans acquired | 0 | 0 | ' | ||
Nonaccrual loans by portfolio segment | 87,431,000 | 131,299,000 | ' | ||
Allowance for credit losses, charge-offs, net of recoveries | 14,365,000 | 17,756,000 | ' | ||
Allowance for probable losses | 112,347,000 | 116,741,000 | 133,147,000 | ||
Non-Performing Loans | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Loans receivable, gross | 147,311,000 | 213,616,000 | ' | ||
Ratio of non-performing assets to total assets | 1.00% | 1.63% | ' | ||
Acquired loans subject to general allowance | 42,590,000 | ' | ' | ||
Nonaccrual loans by portfolio segment | 87,431,000 | 131,299,000 | ' | ||
Decrease in non-accrual loans | 33.40% | ' | ' | ||
Loans Collectively Evaluated for Impairment | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Loans receivable, gross | 8,316,874,000 | [1] | 7,495,504,000 | [1] | ' |
Allowance for probable losses | 112,287,000 | 113,268,000 | ' | ||
Loans Individually Evaluated for Impairment | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
Loans receivable, gross | 134,736,000 | [1] | 159,564,000 | [1] | ' |
Allowance for probable losses | $60,000 | $3,473,000 | ' | ||
[1] | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans |
Allowance_for_Losses_on_Loans_3
Allowance for Losses on Loans - Loans Collectively and Individually Evaluated for Impairment (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | ||
In Thousands, unless otherwise specified | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | $112,347 | $116,741 | $133,147 | ||
Gross loans subject to general/specific reserve | 8,669,717 | 7,990,545 | ' | ||
Single-family residential | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 62,763 | 64,184 | 81,815 | ||
Gross loans subject to general/specific reserve | 5,572,244 | 5,373,950 | ' | ||
Construction - speculative | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 6,742 | 8,407 | 12,060 | ||
Gross loans subject to general/specific reserve | 140,060 | 130,778 | ' | ||
Construction - custom | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 1,695 | 882 | 347 | ||
Gross loans subject to general/specific reserve | 385,824 | 302,722 | ' | ||
Land - acquisition & development | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 5,592 | 9,165 | 15,598 | ||
Gross loans subject to general/specific reserve | 80,359 | 81,660 | ' | ||
Land - consumer lot loans | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 3,077 | 3,552 | 4,937 | ||
Gross loans subject to general/specific reserve | 111,130 | 124,984 | ' | ||
Multi-family | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 4,248 | 3,816 | 5,280 | ||
Gross loans subject to general/specific reserve | 920,285 | 835,598 | ' | ||
Commercial real estate | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 7,548 | 5,595 | 1,956 | ||
Gross loans subject to general/specific reserve | 752,957 | 625,293 | ' | ||
Commercial & industrial | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 16,527 | 16,614 | 7,626 | ||
Gross loans subject to general/specific reserve | 434,088 | 326,450 | ' | ||
HELOC | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 928 | 1,002 | 965 | ||
Gross loans subject to general/specific reserve | 134,455 | 133,631 | ' | ||
Consumer | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 3,227 | 3,524 | 2,563 | ||
Gross loans subject to general/specific reserve | 138,315 | 55,479 | ' | ||
Loans Collectively Evaluated for Impairment | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 112,287 | 113,268 | ' | ||
Gross loans subject to general/specific reserve | 8,316,874 | [1] | 7,495,504 | [1] | ' |
Ratio | 1.40% | 1.50% | ' | ||
Loans Collectively Evaluated for Impairment | Single-family residential | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 62,067 | 64,184 | ' | ||
Gross loans subject to general/specific reserve | 5,487,331 | [1] | 5,262,159 | [1] | ' |
Ratio | 1.10% | 1.20% | ' | ||
Loans Collectively Evaluated for Impairment | Construction - speculative | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 6,682 | 7,307 | ' | ||
Gross loans subject to general/specific reserve | 130,901 | [1] | 115,554 | [1] | ' |
Ratio | 5.50% | 6.30% | ' | ||
Loans Collectively Evaluated for Impairment | Construction - custom | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 1,695 | 882 | ' | ||
Gross loans subject to general/specific reserve | 385,464 | [1] | 302,722 | [1] | ' |
Ratio | 0.50% | 0.30% | ' | ||
Loans Collectively Evaluated for Impairment | Land - acquisition & development | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 5,592 | 6,943 | ' | ||
Gross loans subject to general/specific reserve | 73,999 | [1] | 67,521 | [1] | ' |
Ratio | 7.60% | 10.30% | ' | ||
Loans Collectively Evaluated for Impairment | Land - consumer lot loans | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 3,077 | 3,506 | ' | ||
Gross loans subject to general/specific reserve | 95,684 | [1] | 107,216 | [1] | ' |
Ratio | 3.20% | 3.30% | ' | ||
Loans Collectively Evaluated for Impairment | Multi-family | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 4,248 | 3,711 | ' | ||
Gross loans subject to general/specific reserve | 911,162 | [1] | 824,279 | [1] | ' |
Ratio | 0.50% | 0.50% | ' | ||
Loans Collectively Evaluated for Impairment | Commercial real estate | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 7,548 | 5,595 | ' | ||
Gross loans subject to general/specific reserve | 563,534 | [1] | 400,789 | [1] | ' |
Ratio | 1.40% | 1.40% | ' | ||
Loans Collectively Evaluated for Impairment | Commercial & industrial | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 17,223 | 16,614 | ' | ||
Gross loans subject to general/specific reserve | 421,816 | [1] | 256,954 | [1] | ' |
Ratio | 4.60% | 6.50% | ' | ||
Loans Collectively Evaluated for Impairment | HELOC | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 928 | 1,002 | ' | ||
Gross loans subject to general/specific reserve | 114,393 | [1] | 111,169 | [1] | ' |
Ratio | 0.90% | 0.90% | ' | ||
Loans Collectively Evaluated for Impairment | Consumer | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 3,227 | 3,524 | ' | ||
Gross loans subject to general/specific reserve | 132,590 | [1] | 47,141 | [1] | ' |
Ratio | 2.40% | 7.50% | ' | ||
Loans Individually Evaluated for Impairment | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 60 | 3,473 | ' | ||
Gross loans subject to general/specific reserve | 134,736 | [1] | 159,564 | [1] | ' |
Ratio | 0.00% | 2.20% | ' | ||
Loans Individually Evaluated for Impairment | Single-family residential | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | 72,869 | [1] | 96,989 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
Loans Individually Evaluated for Impairment | Construction - speculative | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 60 | 1,100 | ' | ||
Gross loans subject to general/specific reserve | 9,159 | [1] | 15,224 | [1] | ' |
Ratio | 0.70% | 7.20% | ' | ||
Loans Individually Evaluated for Impairment | Construction - custom | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | 360 | [1] | 0 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
Loans Individually Evaluated for Impairment | Land - acquisition & development | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 2,222 | ' | ||
Gross loans subject to general/specific reserve | 3,833 | [1] | 10,254 | [1] | ' |
Ratio | 0.00% | 21.70% | ' | ||
Loans Individually Evaluated for Impairment | Land - consumer lot loans | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 46 | ' | ||
Gross loans subject to general/specific reserve | 12,939 | [1] | 14,455 | [1] | ' |
Ratio | 0.00% | 0.30% | ' | ||
Loans Individually Evaluated for Impairment | Multi-family | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 105 | ' | ||
Gross loans subject to general/specific reserve | 6,124 | [1] | 7,405 | [1] | ' |
Ratio | 0.00% | 1.40% | ' | ||
Loans Individually Evaluated for Impairment | Commercial real estate | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | 27,802 | [1] | 14,172 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
Loans Individually Evaluated for Impairment | Commercial & industrial | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | 0 | [1] | 48 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
Loans Individually Evaluated for Impairment | HELOC | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | 1,650 | [1] | 1,017 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
Loans Individually Evaluated for Impairment | Consumer | ' | ' | ' | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ||
General/specific reserve allocation | 0 | 0 | ' | ||
Gross loans subject to general/specific reserve | $0 | [1] | $0 | [1] | ' |
Ratio | 0.00% | 0.00% | ' | ||
[1] | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans |
Allowance_for_Losses_on_Loans_4
Allowance for Losses on Loans - Internally Assigned Grade (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | $8,669,717 | $7,990,545 |
Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,572,244 | 5,373,950 |
Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 140,060 | 130,778 |
Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 80,359 | 81,660 |
Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 111,130 | 124,984 |
Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 920,285 | 835,598 |
Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 752,957 | 625,293 |
Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 434,088 | 326,450 |
HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 134,455 | 133,631 |
Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 138,315 | 55,479 |
Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,409,022 | 7,641,266 |
Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,560,203 | 5,359,149 |
Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 140,060 | 130,778 |
Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 77,832 | 77,775 |
Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 108,623 | 121,671 |
Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 917,286 | 831,684 |
Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 591,336 | 414,961 |
Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 379,226 | 243,199 |
Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 116,042 | 112,186 |
Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 132,590 | 47,141 |
Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 184,188 | 250,379 |
Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 11,716 | 14,468 |
Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 905 | 1,489 |
Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,507 | 3,313 |
Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,999 | 3,914 |
Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 97,898 | 133,423 |
Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 54,219 | 75,326 |
Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,274 | 10,179 |
Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,670 | 8,267 |
Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 76,507 | 98,900 |
Credit-impaired acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 325 | 333 |
Credit-impaired acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Credit-impaired acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Credit-impaired acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 1,622 | 2,396 |
Credit-impaired acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Credit-impaired acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Credit-impaired acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 63,723 | 76,909 |
Credit-impaired acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 643 | 7,925 |
Credit-impaired acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 10,139 | 11,266 |
Credit-impaired acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 55 | 71 |
Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 1,622 | 2,396 |
Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 325 | 333 |
Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 10,194 | 11,337 |
Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 63,723 | 76,909 |
Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 643 | 7,925 |
Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,423,666 | 7,639,717 |
Grade as percentage of total gross assets | 97.20% | 95.60% |
Pass | Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,205,380 | 7,363,923 |
Pass | Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,426,895 | 5,184,101 |
Pass | Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 134,950 | 99,436 |
Pass | Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Pass | Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 71,692 | 64,355 |
Pass | Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 108,013 | 121,039 |
Pass | Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 912,728 | 819,911 |
Pass | Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 557,914 | 373,012 |
Pass | Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 359,221 | 240,441 |
Pass | Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 115,794 | 112,186 |
Pass | Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 132,349 | 46,720 |
Pass | Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 156,954 | 209,754 |
Pass | Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 11,716 | 14,468 |
Pass | Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Pass | Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Pass | Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 503 | 312 |
Pass | Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,507 | 3,313 |
Pass | Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,999 | 3,227 |
Pass | Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 88,974 | 105,055 |
Pass | Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 36,311 | 64,933 |
Pass | Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,274 | 10,179 |
Pass | Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,670 | 8,267 |
Pass | Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 61,332 | 66,040 |
Pass | Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 1,292 | 980 |
Pass | Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 325 | 333 |
Pass | Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Pass | Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 10,194 | 11,337 |
Pass | Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 48,878 | 52,509 |
Pass | Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 643 | 881 |
Special mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 37,860 | 42,499 |
Grade as percentage of total gross assets | 0.40% | 0.50% |
Special mention | Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 19,504 | 33,384 |
Special mention | Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,793 | 4,595 |
Special mention | Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 3,199 |
Special mention | Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 775 |
Special mention | Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 2,114 |
Special mention | Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 1,971 | 21,652 |
Special mention | Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 14,740 | 1,049 |
Special mention | Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 16,213 | 5,499 |
Special mention | Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,571 | 4,190 |
Special mention | Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 13,642 | 1,309 |
Special mention | Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,143 | 3,616 |
Special mention | Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 461 |
Special mention | Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Special mention | Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 2,143 | 3,155 |
Special mention | Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 208,133 | 308,329 |
Grade as percentage of total gross assets | 2.40% | 3.90% |
Substandard | Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 184,138 | 243,959 |
Substandard | Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 130,515 | 170,453 |
Substandard | Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,110 | 28,143 |
Substandard | Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 6,140 | 12,645 |
Substandard | Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 610 | 632 |
Substandard | Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 4,558 | 9,659 |
Substandard | Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 31,451 | 20,297 |
Substandard | Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,265 | 1,709 |
Substandard | Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 248 | 0 |
Substandard | Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 241 | 421 |
Substandard | Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 10,963 | 35,126 |
Substandard | Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 402 | 1,177 |
Substandard | Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 687 |
Substandard | Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 6,353 | 24,178 |
Substandard | Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 4,208 | 9,084 |
Substandard | Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 13,032 | 29,244 |
Substandard | Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 330 | 955 |
Substandard | Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Substandard | Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 12,702 | 21,245 |
Substandard | Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 7,044 |
Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 58 | 0 |
Grade as percentage of total gross assets | 0.00% | 0.00% |
Doubtful | Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 58 | 0 |
Doubtful | Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 58 | 0 |
Doubtful | Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Doubtful | Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Grade as percentage of total gross assets | 0.00% | 0.00% |
Loss | Non-acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Non-acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Acquired loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 1 - Construction and land A&D | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 2 - Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 3 - Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 4 - HELOC & other consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 5 - Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 0 | 0 |
Loss | Credit-impaired acquired loans | Pool 6 - Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | $0 | $0 |
Allowance_for_Losses_on_Loans_5
Allowance for Losses on Loans - Credit Risk Profile Based on Payment Activity (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | $8,669,717 | $7,990,545 |
Nonaccrual loans by portfolio segment | 87,431 | 131,299 |
Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,572,244 | 5,373,950 |
Nonaccrual loans by portfolio segment | 74,067 | 100,460 |
Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 140,060 | 130,778 |
Nonaccrual loans by portfolio segment | 1,477 | 4,560 |
Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Nonaccrual loans by portfolio segment | 0 | 0 |
Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 80,359 | 81,660 |
Nonaccrual loans by portfolio segment | 811 | 2,903 |
Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 111,130 | 124,984 |
Nonaccrual loans by portfolio segment | 2,637 | 3,337 |
Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 920,285 | 835,598 |
Nonaccrual loans by portfolio segment | 1,742 | 6,573 |
Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 752,957 | 625,293 |
Nonaccrual loans by portfolio segment | 5,106 | 11,736 |
Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 434,088 | 326,450 |
Nonaccrual loans by portfolio segment | 7 | 477 |
HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 134,455 | 133,631 |
Nonaccrual loans by portfolio segment | 795 | 263 |
Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 138,315 | 55,479 |
Nonaccrual loans by portfolio segment | 789 | 990 |
Performing Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 8,321,591 | 7,509,967 |
Grade as percentage of total gross assets | 99.00% | 98.30% |
Performing Loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 5,486,136 | 5,258,688 |
Grade as percentage of total gross assets | 98.70% | 98.10% |
Performing Loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 138,583 | 126,218 |
Grade as percentage of total gross assets | 98.90% | 96.50% |
Performing Loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 385,824 | 302,722 |
Grade as percentage of total gross assets | 100.00% | 100.00% |
Performing Loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 77,021 | 74,872 |
Grade as percentage of total gross assets | 99.00% | 96.30% |
Performing Loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 105,986 | 118,334 |
Grade as percentage of total gross assets | 97.60% | 97.30% |
Performing Loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 915,544 | 825,111 |
Grade as percentage of total gross assets | 99.80% | 99.20% |
Performing Loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 586,230 | 389,423 |
Grade as percentage of total gross assets | 99.10% | 97.10% |
Performing Loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 379,219 | 256,525 |
Grade as percentage of total gross assets | 100.00% | 99.80% |
Performing Loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 115,247 | 111,923 |
Grade as percentage of total gross assets | 99.30% | 99.80% |
Performing Loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 131,801 | 46,151 |
Grade as percentage of total gross assets | 99.40% | 97.90% |
Non-Performing Loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable, gross | 147,311 | 213,616 |
Nonaccrual loans by portfolio segment | 87,431 | 131,299 |
Percentage of total gross loans | 1.00% | 1.70% |
Non-Performing Loans | Single-family residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 74,067 | 100,460 |
Percentage of total gross loans | 1.30% | 1.90% |
Non-Performing Loans | Construction - speculative | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 1,477 | 4,560 |
Percentage of total gross loans | 1.10% | 3.50% |
Non-Performing Loans | Construction - custom | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 0 | 0 |
Percentage of total gross loans | 0.00% | 0.00% |
Non-Performing Loans | Land - acquisition & development | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 811 | 2,903 |
Percentage of total gross loans | 1.00% | 3.70% |
Non-Performing Loans | Land - consumer lot loans | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 2,637 | 3,337 |
Percentage of total gross loans | 2.40% | 2.70% |
Non-Performing Loans | Multi-family | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 1,742 | 6,573 |
Percentage of total gross loans | 0.20% | 0.80% |
Non-Performing Loans | Commercial real estate | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 5,106 | 11,736 |
Percentage of total gross loans | 0.90% | 2.90% |
Non-Performing Loans | Commercial & industrial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 7 | 477 |
Percentage of total gross loans | 0.00% | 0.20% |
Non-Performing Loans | HELOC | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | 795 | 263 |
Percentage of total gross loans | 0.70% | 0.20% |
Non-Performing Loans | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Nonaccrual loans by portfolio segment | $789 | $990 |
Percentage of total gross loans | 0.60% | 2.10% |
Allowance_for_Losses_on_Loans_6
Allowance for Losses on Loans - Impaired Loans Based on Loan Types (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | $435,185 | $454,557 | ||
Unpaid principal balance | 470,190 | 510,623 | ||
Related allowance | 10,587 | [1] | 18,610 | [2] |
Average recorded investment | 403,138 | 425,267 | ||
Amount of related allowance included in specific reserves | 60 | 3,473 | ||
Amount of related allowance included in general reserves | 10,527 | 15,137 | ||
Single-family residential | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 346,364 | 369,023 | ||
Unpaid principal balance | 354,497 | 380,838 | ||
Related allowance | 10,527 | 15,137 | ||
Average recorded investment | 333,191 | 351,865 | ||
Construction - speculative | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 9,159 | 12,783 | ||
Unpaid principal balance | 10,159 | 13,441 | ||
Related allowance | 60 | 1,100 | ||
Average recorded investment | 9,336 | 15,701 | ||
Construction - custom | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 0 | 0 | ||
Land - acquisition & development | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 5,533 | 5,618 | ||
Unpaid principal balance | 7,961 | 14,707 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 5,152 | 10,863 | ||
Land - consumer lot loans | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 13,976 | 15,817 | ||
Unpaid principal balance | 14,457 | 16,390 | ||
Related allowance | 0 | 2,222 | ||
Average recorded investment | 13,571 | 14,140 | ||
Multi-family | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 6,354 | 10,887 | ||
Unpaid principal balance | 6,574 | 11,107 | ||
Related allowance | 0 | 46 | ||
Average recorded investment | 5,284 | 9,465 | ||
Commercial real estate | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 47,393 | 31,076 | ||
Unpaid principal balance | 55,113 | 40,352 | ||
Related allowance | 0 | 105 | ||
Average recorded investment | 30,292 | 18,972 | ||
Commercial & industrial | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 3,195 | 7,335 | ||
Unpaid principal balance | 17,166 | 31,253 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 3,900 | 3,134 | ||
HELOC | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 2,505 | 1,384 | ||
Unpaid principal balance | 3,216 | 1,884 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 1,816 | 991 | ||
Consumer | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 706 | 634 | ||
Unpaid principal balance | 1,047 | 651 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 596 | 136 | ||
No Allowance Recorded | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 46,680 | 80,772 | ||
Unpaid principal balance | 73,123 | 126,674 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 37,474 | 43,952 | ||
No Allowance Recorded | Single-family residential | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 24,044 | 33,883 | ||
Unpaid principal balance | 26,628 | 38,928 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 16,843 | 21,458 | ||
No Allowance Recorded | Construction - speculative | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 1,603 | 3,891 | ||
Unpaid principal balance | 2,173 | 4,099 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 1,804 | 3,339 | ||
No Allowance Recorded | Construction - custom | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 0 | 0 | ||
No Allowance Recorded | Land - acquisition & development | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 837 | 3,020 | ||
Unpaid principal balance | 2,325 | 10,705 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 1,038 | 2,548 | ||
No Allowance Recorded | Land - consumer lot loans | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 974 | 3,186 | ||
Unpaid principal balance | 1,072 | 3,376 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 713 | 1,839 | ||
No Allowance Recorded | Multi-family | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 1,111 | 4,929 | ||
Unpaid principal balance | 1,111 | 4,929 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 327 | 1,734 | ||
No Allowance Recorded | Commercial real estate | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 13,234 | 23,537 | ||
Unpaid principal balance | 20,085 | 31,876 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 11,720 | 9,651 | ||
No Allowance Recorded | Commercial & industrial | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 3,195 | 7,279 | ||
Unpaid principal balance | 17,166 | 31,197 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 3,900 | 3,123 | ||
No Allowance Recorded | HELOC | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 1,019 | 446 | ||
Unpaid principal balance | 1,730 | 946 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 612 | 133 | ||
No Allowance Recorded | Consumer | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 663 | 601 | ||
Unpaid principal balance | 833 | 618 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 517 | 127 | ||
Allowance Recorded | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 388,505 | 373,785 | ||
Unpaid principal balance | 397,067 | 383,949 | ||
Related allowance | 10,587 | [1] | 18,610 | [2] |
Average recorded investment | 365,664 | 381,315 | ||
Allowance Recorded | Single-family residential | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 322,320 | 335,140 | ||
Unpaid principal balance | 327,869 | 341,910 | ||
Related allowance | 10,527 | 15,137 | ||
Average recorded investment | 316,348 | 330,407 | ||
Allowance Recorded | Construction - speculative | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 7,556 | 8,892 | ||
Unpaid principal balance | 7,986 | 9,342 | ||
Related allowance | 60 | 1,100 | ||
Average recorded investment | 7,532 | 12,362 | ||
Allowance Recorded | Construction - custom | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 0 | 0 | ||
Allowance Recorded | Land - acquisition & development | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 4,696 | 2,598 | ||
Unpaid principal balance | 5,636 | 4,002 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 4,114 | 8,315 | ||
Allowance Recorded | Land - consumer lot loans | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 13,002 | 12,631 | ||
Unpaid principal balance | 13,385 | 13,014 | ||
Related allowance | 0 | 2,222 | ||
Average recorded investment | 12,858 | 12,301 | ||
Allowance Recorded | Multi-family | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 5,243 | 5,958 | ||
Unpaid principal balance | 5,463 | 6,178 | ||
Related allowance | 0 | 46 | ||
Average recorded investment | 4,957 | 7,731 | ||
Allowance Recorded | Commercial real estate | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 34,159 | 7,539 | ||
Unpaid principal balance | 35,028 | 8,476 | ||
Related allowance | 0 | 105 | ||
Average recorded investment | 18,572 | 9,321 | ||
Allowance Recorded | Commercial & industrial | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 0 | 56 | ||
Unpaid principal balance | 0 | 56 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 0 | 11 | ||
Allowance Recorded | HELOC | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 1,486 | 938 | ||
Unpaid principal balance | 1,486 | 938 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | 1,204 | 858 | ||
Allowance Recorded | Consumer | ' | ' | ||
Financing Receivable, Impaired [Line Items] | ' | ' | ||
Recorded investment | 43 | 33 | ||
Unpaid principal balance | 214 | 33 | ||
Related allowance | 0 | 0 | ||
Average recorded investment | $79 | $9 | ||
[1] | Includes $60,000 of specific reserves and $10,527,000 included in the general reserves. | |||
[2] | Includes $3,473,000 of specific reserves and $15,137,000 included in the general reserves. |
Interest_Receivable_Details
Interest Receivable (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Interest receivable | $52,037 | $49,218 |
Loans receivable | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Interest receivable | 40,986 | 41,043 |
Mortgage-backed securities | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Interest receivable | 7,427 | 6,428 |
Investment securities | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Interest receivable | $3,624 | $1,747 |
Premises_and_Equipment_Details
Premises and Equipment (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | $330,681 | $270,591 | ' |
Less accumulated depreciation and amortization | -73,138 | -64,419 | ' |
Premises and equipment, net | 257,543 | 206,172 | ' |
Future minimum payments due, current | 6,221 | ' | ' |
Future minimum payments due, two years | 4,179 | ' | ' |
Future minimum payments due, three years | 3,154 | ' | ' |
Future minimum payments due, four years | 2,593 | ' | ' |
Future minimum payments due, five years and thereafter | 12,281 | ' | ' |
Rental expense | 6,600 | 4,680 | 3,825 |
Land | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | 113,353 | 92,560 | ' |
Buildings | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | 143,627 | 132,822 | ' |
Leasehold improvements | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | 8,547 | 8,411 | ' |
Capitalized software | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | 11,557 | 0 | ' |
Estimated useful life | '5 years | '5 years | ' |
Furniture, fixtures and equipment | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Premises and equipment, gross | $53,597 | $36,798 | ' |
Minimum | Buildings | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '25 years | '25 years | ' |
Minimum | Leasehold improvements | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '7 years | '7 years | ' |
Minimum | Furniture, fixtures and equipment | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '2 years | '2 years | ' |
Maximum | Buildings | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '40 years | '40 years | ' |
Maximum | Leasehold improvements | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '15 years | '15 years | ' |
Maximum | Furniture, fixtures and equipment | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life | '10 years | '10 years | ' |
Customer_Accounts_Details
Customer Accounts (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Deposit Liabilities [Line Items] | ' | ' |
Checking accounts, .15% and under | $2,331,170 | $1,247,885 |
Passbook and statement accounts, .20% and under | 622,546 | 404,937 |
Insured money market accounts, .01% to .30% | 2,536,971 | 1,888,020 |
Certificate accounts | ' | ' |
Less than 2.00% | 4,524,158 | 4,716,427 |
2.00% to 2.99% | 602,683 | 631,256 |
3.00% to 3.99% | 98,610 | 175,549 |
4.00% to 4.99% | 146 | 25,335 |
5.00% to 5.99% | 644 | 862 |
Total certificates | 5,226,241 | 5,549,429 |
Customer accounts | 10,716,928 | 9,090,271 |
Within 1 year | 3,147,172 | 3,642,142 |
1 to 2 years | 999,090 | 789,037 |
2 to 3 years | 659,867 | 406,960 |
Over 3 years | 420,112 | 711,290 |
Customer accounts greater than $250,000 | $1,887,216 | $1,336,054 |
Minimum | ' | ' |
Deposit Liabilities [Line Items] | ' | ' |
Money market rate | 0.01% | 0.01% |
Maximum | ' | ' |
Deposit Liabilities [Line Items] | ' | ' |
Checking rate | 0.15% | 0.15% |
Passbook and statement rate | 0.20% | 0.20% |
Money market rate | 0.30% | 0.30% |
Customer_Accounts_Interest_Exp
Customer Accounts Interest Expense on Customer Accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Banking and Thrift [Abstract] | ' | ' | ' |
Checking accounts | $1,259 | $936 | $857 |
Passbook and statement accounts | 607 | 566 | 574 |
Insured money market accounts | 4,574 | 4,280 | 4,609 |
Certificate accounts | 52,636 | 62,669 | 81,506 |
Interest expense on customer accounts, gross | 59,076 | 68,451 | 87,546 |
Less early withdrawal penalties | -552 | -548 | -607 |
Interest expense on customer accounts | $58,524 | $67,903 | $86,939 |
Weighted average interest rate at end of year | 0.51% | 0.69% | 0.90% |
Weighted daily average interest rate during the year | 0.57% | 0.75% | 0.99% |
FHLB_Advances_and_Other_Borrow2
FHLB Advances and Other Borrowings - FHLB Advances (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Banking and Thrift [Abstract] | ' | ' | ' |
Within 1 year | $100,000 | $0 | ' |
1 to 3 years | 700,000 | 350,000 | ' |
4 to 5 years | 730,000 | 850,000 | ' |
More than 5 years | 400,000 | 730,000 | ' |
FHLB advances | 1,930,000 | 1,930,000 | ' |
Advances that are callable | 0 | 175,000 | ' |
Within 1 year | 100,000 | 175,000 | ' |
1 to 3 years | 700,000 | 350,000 | ' |
4 to 5 years | 730,000 | 775,000 | ' |
More than 5 years | 400,000 | 630,000 | ' |
Weighted average interest rate at end of year | 3.52% | 3.52% | 3.60% |
Weighted daily average interest rate during the year | 3.49% | 3.57% | 4.14% |
Daily average of FHLB advances | 1,955,205 | 1,905,479 | 1,949,019 |
Maximum amount of FHLB advances at any month end | 2,205,000 | 1,930,000 | 1,961,895 |
Interest expense during the year (excludes interest rate swap expense) | $68,307 | $68,075 | $80,617 |
Credit line total percentage of assets | 50.00% | ' | ' |
FHLB_Advances_and_Other_Borrow3
FHLB Advances and Other Borrowings - Other Borrowings (Details) (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
Debt Disclosure [Abstract] | ' | ' | ' |
Other borrowings | $0 | $0 | ' |
Repurchase agreements with customers | 0 | 0 | ' |
Weighted average interest rate at end of year | 0.00% | 0.00% | 0.00% |
Weighted daily average interest rate during the year | 0.00% | 0.00% | 3.71% |
Daily average of securities sold under agreements to repurchase | 0 | 0 | 692,896,000 |
Maximum securities sold under agreements to repurchase at any month end | 0 | 0 | 800,000,000 |
Interest expense during the year | $0 | $0 | $25,693,000 |
Derivatives_and_Hedging_Activi2
Derivatives and Hedging Activities (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Interest rate swap agreements | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | $464,169,000 | ' |
Customer derivatives program | 264,169,000 | ' |
Impact to the statement of operations | 0 | ' |
Fee income | 920,705 | 552,609 |
Impact on OCI | 170,000 | ' |
Interest rate contracts | Other assets | ' | ' |
Derivative [Line Items] | ' | ' |
Asset derivatives, fair value | 2,879,000 | 7,000 |
Interest rate contracts | Other liabilities | ' | ' |
Derivative [Line Items] | ' | ' |
Liability derivatives, fair value | 2,879,000 | 7,000 |
Commitments to purchase MBS | AFS securities | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | 0 | 200,000,000 |
Asset derivatives, fair value | 0 | 3,188,000 |
Forward Contracts | Interest rate swap agreements | ' | ' |
Derivative [Line Items] | ' | ' |
Notional amount | $200,000,000 | ' |
Income_Taxes_Net_Deferred_Tax_
Income Taxes - Net Deferred Tax Asset (Liability) (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Deferred tax assets | ' | ' |
Loan loss reserves | $48,505 | $52,182 |
REO reserves | 13,680 | 18,018 |
Asset Purchase Tax Basis Difference (net) | 8,812 | 20,008 |
Delinquent accrued interest | 4,767 | 6,536 |
Other, net | 6,549 | 3,810 |
Total deferred tax assets | 82,313 | 100,554 |
Deferred tax liabilities | ' | ' |
FDIC indemnification asset | 0 | 8,033 |
Federal Home Loan Bank stock dividends | 32,810 | 34,367 |
Valuation adjustment on available-for-sale securities | 12,032 | 3,706 |
Loan origination costs | 13,002 | 11,980 |
Depreciation | 22,021 | 19,722 |
Core deposit intangible | 0 | 192 |
Total deferred tax liabilities | 79,865 | 78,000 |
Net deferred tax asset | 2,448 | 22,554 |
Current tax asset | 14,067 | 21,446 |
Net tax asset | $16,515 | $44,000 |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Effective Income Tax Rate (Details) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Statutory income tax rate | 35.00% | 35.00% | 35.00% |
State income tax | 2.00% | 2.00% | 2.00% |
Other differences | -1.00% | -2.00% | -1.00% |
Effective income tax rate | 36.00% | 35.00% | 36.00% |
Income_Taxes_Components_of_Inc
Income Taxes - Components of Income Taxes (Benefit) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Federal: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | $70,797 | $66,756 | $57,047 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 10,591 | 10,355 | 15,589 |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | 81,388 | 77,111 | 72,636 |
State: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 4,987 | 5,213 | 4,091 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,189 | 787 | 1,001 |
State | ' | ' | ' | ' | ' | ' | ' | ' | 6,176 | 6,000 | 5,092 |
Total | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 75,784 | 71,969 | 61,138 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 11,780 | 11,142 | 16,590 |
Income taxes | $22,568 | $21,092 | $21,511 | $22,393 | $24,293 | $17,924 | $19,891 | $21,003 | $87,564 | $83,111 | $77,728 |
Income_Taxes_Unrecognized_Tax_
Income Taxes - Unrecognized Tax Benefits (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Balance at October 1, | $115 | $4,509 |
Tax positions related to current year: | ' | ' |
Additions | 0 | 0 |
Reductions | 0 | 0 |
Tax positions related to prior years: | ' | ' |
Additions | 32 | 234 |
Reductions | 0 | -1,293 |
Settlements with taxing authorities | 0 | -302 |
Lapses in statues of limitations | -35 | -3,033 |
Balance at September 30, | $112 | $115 |
Income_Taxes_Narrative_Details
Income Taxes - Narrative (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Income Tax Disclosure [Abstract] | ' | ' |
Net deferred tax asset (liability) | $2,448 | $22,554 |
Liability for uncertain tax positions | 100 | 103 |
Unrecognized tax benefits that would impact effective tax rate | 100 | ' |
Interest on income taxes accrued | $12 | $12 |
Returns open to examination, minimum (years) | '3 years | ' |
Returns open to examination, maximum (years) | '5 years | ' |
Returns open to examination, state impact of federal changes, maximum (years) | '2 years | ' |
401k_and_Employee_Stock_Owners1
401(k) and Employee Stock Ownership Plan (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Employee contribution, percentage of annual salary | ' | 100.00% | ' | ' |
Employee contribution, maximum allowable contribution | ' | $52,000 | ' | ' |
Term for employees to become fully vested | ' | '6 years | ' | ' |
Employer matching contribution percent | 100.00% | ' | ' | ' |
Percent of employees' gross pay | 4.00% | ' | ' | ' |
Profit sharing contribution, percent | 7.00% | ' | ' | ' |
Company contributions to plan | ' | $7,314,000 | $5,870,000 | $5,400,000 |
Stock_Award_Plans_Details
Stock Award Plans (Details) (USD $) | 12 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | |
plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of compensation plans | 1 | ' | ' |
Shares authorized to be reserved | 5,000,000 | ' | ' |
Shares available for issuance | 4,125,600 | ' | ' |
Award vesting period | '5 years | ' | ' |
Contractual term of award | '10 years | ' | ' |
Unrecognized compensation cost for stock options, net of forfeitures | $357,218 | ' | ' |
Weighted average remaining period (years) | '1 year 5 months | ' | ' |
Shares issued | 834,935 | ' | ' |
Fair market value at date of grant at restricted stock | 14,200,000 | ' | ' |
Compensation cost for stock options | 324,000 | 473,000 | 848,000 |
Weighted average assumptions | ' | ' | ' |
Annual dividend yield | 0.00% | 0.00% | 2.34% |
Expected volatility | 0.00% | 0.00% | 31.00% |
Risk-free interest rate | 0.00% | 0.00% | 0.77% |
Expected life | '0 years | '0 years | '4 years 6 months |
Restricted Stock | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares issued | 1,061,435 | ' | ' |
Fair market value at date of grant at restricted stock | 20,100,000 | ' | ' |
Compensation cost for stock options | $3,085,081 | $2,815,049 | $1,992,000 |
Minimum | Restricted Stock | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period | '1 year | ' | ' |
Maximum | Restricted Stock | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period | '7 years | ' | ' |
Stock_Award_Plans_Option_Activ
Stock Award Plans - Option Activity (Details) (Employee Stock Option [Member], USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Employee Stock Option [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Options outstanding at beginning of period | 1,903,578 | ' |
Options granted | 0 | ' |
Options exercised | -500,504 | ' |
Options forfeited | -154,065 | ' |
Options outstanding at end of period | 1,249,009 | 1,903,578 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' |
Options outstanding, weighted average exercise price at beginning of period | $20.93 | ' |
Options granted, weighted average exercise price | $0 | ' |
Options exercised, weighted average exercise price | $20.30 | ' |
Options forfeited, weighted average exercise price | $21.43 | ' |
Options outstanding, weighted average exercise price at end of period | $21.11 | $20.93 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' |
Options exercisable | 1,103,214 | ' |
Options exercisable, weighted average exercise price | $21.66 | ' |
Options outstanding, weighted average remaining contractual term | '4 years | '4 years |
Options exercisable, weighted average remaining contractual term | '3 years | ' |
Options outstanding, aggregate intrinsic value | $1,859 | $2,563 |
Options exercisable, aggregate intrinsic value | $1,363 | ' |
Stock_Award_Plans_Other_Stock_
Stock Award Plans - Other Stock Option Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' |
Compensation cost for stock options | $324 | $473 | $848 |
Weighted average grant date fair value | $2.95 | $3.24 | $3.53 |
Total intrinsic value of options exercised | 1,136 | 781 | 125 |
Grant date fair value of options exercised | 1,962 | 791 | 54 |
Cash received from options exercises | 10,142 | 4,261 | 357 |
Tax benefit realized for option exercises | $159 | $53 | $0 |
Stock_Award_Plans_Nonvested_Sh
Stock Award Plans - Nonvested Share Activity (Details) (USD $) | 12 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Non-Vested Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' |
Outstanding, beginning of period | 287,750 | ' |
Granted | 0 | ' |
Vested | -119,520 | ' |
Forfeited | -22,435 | ' |
Outstanding, end of period | 145,795 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' |
Outstanding, weighted average grant date fair value, beginning of period | $3.87 | $3.44 |
Granted, weighted average grant date fair value | $0 | ' |
Vested, weighted average grant date fair value | $2.88 | ' |
Forfeited, weighted average grant date fair value | $3.63 | ' |
Outstanding, weighted average grant date fair value, end of period | $3.87 | $3.44 |
Non-Vested Share Awards [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' |
Outstanding, beginning of period | 209,667 | ' |
Granted | 232,000 | ' |
Vested | -162,717 | ' |
Forfeited | -39,883 | ' |
Outstanding, end of period | 239,067 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' |
Outstanding, weighted average grant date fair value, beginning of period | $20.37 | ' |
Outstanding, weighted average grant date fair value, end of period | $20.37 | ' |
Stockholders_Equity_Regulatory
Stockholders' Equity Regulatory Capital Requirements (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
The Company | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Capital | $1,739,658 | $1,749,383 |
Capital to risk weighted assets | 23.97% | 26.49% |
Capital required for capital adequacy | 580,671 | 528,243 |
Capital required for capital adequacy to risk weighted assets | 8.00% | 8.00% |
Tier one risk based capital | 1,648,199 | 1,666,091 |
Tier one risk based capital to risk weighted assets | 22.71% | 25.23% |
Tier one risk based capital required for capital adequacy | 290,335 | 264,121 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% |
Tier one leverage capital | 1,648,199 | 1,666,091 |
Tier one leverage capital to average assets | 11.39% | 13.03% |
Tier one leverage capital required for capital adequacy | 578,804 | 511,334 |
Tier one leverage capital required for capital adequacy to average assets | 4.00% | 4.00% |
The Bank | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Capital | 1,750,179 | 1,693,227 |
Capital to risk weighted assets | 24.11% | 25.64% |
Capital required for capital adequacy | 580,772 | 528,380 |
Capital required for capital adequacy to risk weighted assets | 8.00% | 8.00% |
Capital required to be well capitalized | 725,965 | 660,475 |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% |
Tier one risk based capital | 1,658,704 | 1,609,914 |
Tier one risk based capital to risk weighted assets | 22.85% | 24.38% |
Tier one risk based capital required for capital adequacy | 290,386 | 264,190 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% |
Tier one risk based capital required to be well capitalized | 435,579 | 396,285 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 6.00% | 6.00% |
Tier one leverage capital | 1,658,704 | 1,609,914 |
Tier one leverage capital to average assets | 11.46% | 12.59% |
Tier one leverage capital required for capital adequacy | 578,816 | 511,358 |
Tier one leverage capital required for capital adequacy to average assets | 4.00% | 4.00% |
Tier one leverage capital required to be well capitalized | $723,520 | $639,197 |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% |
Stockholders_Equity_Narrative_
Stockholders' Equity - Narrative (Details) (USD $) | 12 Months Ended | |||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jan. 01, 2015 | Jan. 01, 2015 | |
The Company | The Company | The Bank | The Bank | Scenario, Forecast | Scenario, Forecast | |||
The Company | The Bank | |||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Tier one capital required for capital adequacy to tangible assets | ' | ' | ' | ' | ' | ' | 4.50% | 4.50% |
Tier one leverage capital required for capital adequacy to average assets | ' | ' | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Tier one risk based capital required for capital adequacy to risk weighted assets | ' | ' | 4.00% | 4.00% | 4.00% | 4.00% | 6.00% | 6.00% |
Capital required for capital adequacy to risk weighted assets | ' | ' | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% |
Tier one capital required for capital adequacy to risk weighted assets, conservation buffer | ' | ' | ' | ' | ' | ' | 2.50% | 2.50% |
Tier one leverage capital required to be well capitalized to average assets | ' | ' | ' | ' | 5.00% | 5.00% | ' | 5.00% |
Tier one capital required to be well capitalized to risk weighted assets | ' | ' | ' | ' | ' | ' | ' | 6.50% |
Tier one risk based capital required to be well capitalized to risk weighted assets | ' | ' | ' | ' | 6.00% | 6.00% | ' | 8.00% |
Capital required to be well capitalized to risk weighted assets | ' | ' | ' | ' | 10.00% | 10.00% | ' | 10.00% |
Stock repurchased | 4,830,400 | 6,315,196 | ' | ' | ' | ' | ' | ' |
Weighted average cost of repurchased stock | $21.59 | $17.46 | ' | ' | ' | ' | ' | ' |
Additional shares authorized to be repurchased | 5,035,834 | ' | ' | ' | ' | ' | ' | ' |
Warrants issued (in shares) | 1,707,456 | ' | ' | ' | ' | ' | ' | ' |
Warrant exercise price (in dollars per share) | 17.57 | ' | ' | ' | ' | ' | ' | ' |
Warrants outstanding | 1,700,856,000 | ' | ' | ' | ' | ' | ' | ' |
Stockholders_Equity_Earnings_p
Stockholders' Equity Earnings per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic weighted average number of shares outstanding (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 101,154,030 | 104,684,812 | 107,108,703 |
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 101,590,351 | 104,837,470 | 107,149,240 |
NET INCOME | $40,561 | $37,910 | $38,657 | $40,236 | $42,906 | $35,978 | $35,283 | $37,338 | $157,364 | $151,505 | $138,183 |
Basic earnings per share (in dollars per share) | $0.41 | $0.38 | $0.38 | $0.39 | $0.42 | $0.34 | $0.33 | $0.36 | $1.56 | $1.45 | $1.29 |
Diluted earnings per share (in dollars per share) | $0.41 | $0.37 | $0.38 | $0.39 | $0.41 | $0.34 | $0.33 | $0.36 | $1.55 | $1.45 | $1.29 |
Warrant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average call options and warrants | ' | ' | ' | ' | ' | ' | ' | ' | 352,171 | 100,211 | 0 |
Equity Option | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average call options and warrants | ' | ' | ' | ' | ' | ' | ' | ' | 84,150 | 52,447 | 40,537 |
Fair_Values_of_Financial_Instr2
Fair Values of Financial Instruments (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | $3,049,442 | $2,360,948 |
Held-to-maturity securities | 1,499,218 | 1,582,849 |
Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 3,049,442 | 2,360,948 |
Held-to-maturity securities | 1,548,265 | 1,654,666 |
Obligations of foreign governments | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Level 1 | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 781,843 | 203,563 |
Level 1 | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 781,843 | 203,563 |
Level 1 | Equity securities | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 101,387 | 101,237 |
Level 1 | Equity securities | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 101,387 | 101,237 |
Level 2 | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
FHLB stock | 158,839 | 173,009 |
Customer accounts | 9,946,586 | 8,585,068 |
FHLB advances and other borrowings | 2,054,437 | 2,064,248 |
Level 2 | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
FHLB stock | 158,839 | 173,009 |
Customer accounts | 10,716,928 | 9,090,271 |
FHLB advances and other borrowings | 1,930,000 | 1,930,000 |
Level 2 | U.S. agency securities | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 731,943 | 533,975 |
Level 2 | U.S. agency securities | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 731,943 | 533,975 |
Level 2 | Obligations of states and political subdivisions | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 23,681 | 22,545 |
Level 2 | Obligations of states and political subdivisions | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 23,681 | 22,545 |
Level 2 | Corporate debt securities | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 509,007 | 452,015 |
Level 2 | Corporate debt securities | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 509,007 | 452,015 |
Level 2 | Agency pass through mortgage-backed securities | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 1,584,508 | 1,251,176 |
Held-to-maturity securities | 1,499,218 | 1,582,849 |
Level 2 | Agency pass through mortgage-backed securities | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 1,584,508 | 1,251,176 |
Held-to-maturity securities | 1,548,265 | 1,654,666 |
Level 2 | Other commercial mortgage-backed securities | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 98,916 | 0 |
Level 2 | Other commercial mortgage-backed securities | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Available-for-sale securities | 98,916 | 0 |
Level 3 | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans receivable | 8,667,771 | 8,070,279 |
Covered loans | 176,761 | 300,610 |
FDIC indemnification asset | 35,976 | 62,300 |
Level 3 | Carrying Amount | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Loans receivable | 8,148,322 | 7,528,030 |
Covered loans | 176,476 | 295,947 |
FDIC indemnification asset | $36,860 | $64,615 |
Financial_Information_Washingt2
Financial Information - Washington Federal, INC. - Statement of Financial Condition (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 |
In Thousands, except Share data, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Other assets | $143,028 | $125,076 | ' | ' |
Total assets | 14,756,041 | 13,082,859 | ' | ' |
Liabilities | ' | ' | ' | ' |
Total liabilities | 12,782,758 | 11,145,224 | ' | ' |
Stockholders’ equity | ' | ' | ' | ' |
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,322,909 and 132,572,475 shares issued; 98,404,705 and 102,484,671 shares outstanding | 133,323 | 132,573 | ' | ' |
Paid-in capital | 1,638,211 | 1,625,051 | ' | ' |
Accumulated other comprehensive income, net of taxes | 20,708 | 6,378 | ' | ' |
Treasury stock, at cost; 34,918,204 and 30,087,804 shares | -525,108 | -420,817 | ' | ' |
Retained earnings | 706,149 | 594,450 | ' | ' |
Total stockholders’ equity | 1,973,283 | 1,937,635 | 1,899,752 | 1,906,533 |
Total liabilities and stockholders’ equity | 14,756,041 | 13,082,859 | ' | ' |
Common stock, par value (in dollars per share) | $1 | $1 | ' | ' |
Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 | ' | ' |
Common stock, shares issued (in shares) | 133,322,909 | 132,572,475 | ' | ' |
Common stock, shares outstanding (in shares) | 98,404,705 | 102,484,671 | ' | ' |
Treasury stock, shares (in shares) | 34,918,204 | 30,087,804 | ' | ' |
Parent Company | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash | 3,895 | 66,425 | ' | ' |
Investment in subsidiary | 1,983,788 | 1,881,458 | ' | ' |
Other assets | 0 | 0 | ' | ' |
Total assets | 1,987,683 | 1,947,883 | ' | ' |
Liabilities | ' | ' | ' | ' |
Dividend payable and other liabilities | 14,400 | 10,248 | ' | ' |
Total liabilities | 14,400 | 10,248 | ' | ' |
Stockholders’ equity | ' | ' | ' | ' |
Total liabilities and stockholders’ equity | $1,987,683 | $1,947,883 | ' | ' |
Common stock, par value (in dollars per share) | $1 | $1 | ' | ' |
Common stock, shares authorized (in shares) | 300,000,000 | 300,000,000 | ' | ' |
Common stock, shares issued (in shares) | 133,322,909 | 132,572,475 | ' | ' |
Common stock, shares outstanding (in shares) | 98,404,705 | 102,484,671 | ' | ' |
Treasury stock, shares (in shares) | 34,918,204 | 30,087,804 | ' | ' |
Financial_Information_Washingt3
Financial Information - Washington Federal, INC. Statements of Operations (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Income | $135,077 | $135,011 | $132,351 | $131,258 | $130,302 | $126,505 | $131,309 | $128,176 | $533,697 | $516,291 | $590,271 |
Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income before income taxes | 63,129 | 59,002 | 60,168 | 62,629 | 67,199 | 53,902 | 55,174 | 58,341 | 244,928 | 234,616 | 215,911 |
Income tax benefit | 22,568 | 21,092 | 21,511 | 22,393 | 24,293 | 17,924 | 19,891 | 21,003 | 87,564 | 83,111 | 77,728 |
Net income | 40,561 | 37,910 | 38,657 | 40,236 | 42,906 | 35,978 | 35,283 | 37,338 | 157,364 | 151,505 | 138,183 |
Parent Company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 70,000 | 143,799 | 106,234 |
Total Income | ' | ' | ' | ' | ' | ' | ' | ' | 70,000 | 143,799 | 106,234 |
Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Miscellaneous | ' | ' | ' | ' | ' | ' | ' | ' | -485 | -530 | -564 |
Total expense | ' | ' | ' | ' | ' | ' | ' | ' | -485 | -530 | -564 |
Net income before equity in undistributed net income of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 69,515 | 143,269 | 105,670 |
Equity in undistributed net income of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 87,675 | 8,045 | 32,513 |
Income before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 157,190 | 151,314 | 138,183 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -174 | -191 | 0 |
Net income | ' | ' | ' | ' | ' | ' | ' | ' | $157,364 | $151,505 | $138,183 |
Financial_Information_Washingt4
Financial Information - Washington Federal, INC. - Statements of Cash Flows (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Cash Flows From Operating Activities | ' | ' | ' |
Net income | $157,364 | $151,505 | $138,183 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Decrease (increase) in other assets | -17,799 | 36,350 | -74,889 |
Net cash provided by operating activities | 173,715 | 181,422 | 174,956 |
Cash Flows From Financing Activities | ' | ' | ' |
Proceeds from exercise of common stock options and related tax benefit | 10,252 | 4,261 | 357 |
Treasury stock purchased | -104,291 | -110,238 | -41,914 |
Dividends paid on common stock | -42,065 | -37,835 | -32,430 |
Net cash provided (used) by financing activities | -376,457 | -337,395 | -1,293,868 |
Increase (decrease) in cash and cash equivalents | 578,280 | -547,867 | -64,572 |
Cash and cash equivalents at beginning of period | 203,563 | 751,430 | 816,002 |
Cash and cash equivalents at end of period | 781,843 | 203,563 | 751,430 |
Parent Company | ' | ' | ' |
Cash Flows From Operating Activities | ' | ' | ' |
Net income | 157,364 | 151,505 | 138,183 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Equity in undistributed net income of subsidiaries | -87,943 | -4,893 | -32,513 |
Decrease (increase) in other assets | 1 | 1 | 36 |
Increase in other liabilities | 4,152 | 1,698 | 2,508 |
Net cash provided by operating activities | 73,574 | 148,311 | 108,214 |
Cash Flows From Financing Activities | ' | ' | ' |
Proceeds from exercise of common stock options and related tax benefit | 10,252 | 4,261 | 357 |
Treasury stock purchased | -104,291 | -110,238 | -41,914 |
Dividends paid on common stock | -42,065 | -37,835 | -32,430 |
Net cash provided (used) by financing activities | -136,104 | -143,812 | -73,987 |
Increase (decrease) in cash and cash equivalents | -62,530 | 4,499 | 34,227 |
Cash and cash equivalents at beginning of period | 66,425 | 61,926 | 27,699 |
Cash and cash equivalents at end of period | $3,895 | $66,425 | $61,926 |
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data (Unaudited) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $135,077 | $135,011 | $132,351 | $131,258 | $130,302 | $126,505 | $131,309 | $128,176 | $533,697 | $516,291 | $590,271 |
Interest expense | 31,684 | 31,732 | 31,715 | 32,946 | 33,343 | 33,482 | 35,875 | 33,461 | 128,077 | 136,159 | 193,249 |
Net interest income | 103,393 | 103,279 | 100,636 | 98,312 | 96,959 | 93,023 | 95,434 | 94,715 | 405,620 | 380,132 | 397,022 |
Provision (reversal) for loan losses | -3,465 | -3,000 | -4,336 | -4,600 | -2,250 | 0 | 3,600 | 0 | -15,401 | 1,350 | 44,955 |
Other operating income (REO expense) | 10,808 | 6,016 | 7,255 | 3,837 | 11,157 | 2,043 | 1,638 | 5,236 | ' | ' | ' |
Noninterest expense | 54,537 | 53,293 | 52,059 | 44,120 | 43,167 | 41,164 | 38,298 | 41,610 | 204,009 | 164,240 | 142,854 |
Income before income taxes | 63,129 | 59,002 | 60,168 | 62,629 | 67,199 | 53,902 | 55,174 | 58,341 | 244,928 | 234,616 | 215,911 |
Income taxes | 22,568 | 21,092 | 21,511 | 22,393 | 24,293 | 17,924 | 19,891 | 21,003 | 87,564 | 83,111 | 77,728 |
NET INCOME | $40,561 | $37,910 | $38,657 | $40,236 | $42,906 | $35,978 | $35,283 | $37,338 | $157,364 | $151,505 | $138,183 |
Basic earnings per share (in dollars per share) | $0.41 | $0.38 | $0.38 | $0.39 | $0.42 | $0.34 | $0.33 | $0.36 | $1.56 | $1.45 | $1.29 |
Diluted earnings per share (in dollars per share) | $0.41 | $0.37 | $0.38 | $0.39 | $0.41 | $0.34 | $0.33 | $0.36 | $1.55 | $1.45 | $1.29 |
Cash dividends per share (in dollars per share) | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.08 | $0.09 | ' | ' | ' |
Return of average assets | 1.10% | 1.04% | 1.07% | 1.19% | 1.32% | 1.10% | 1.11% | 1.15% | ' | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | $3,049,442,000 | $2,360,948,000 |
Fair value of nonrecurring liabilities | 0 | 0 |
Fair value of recurring liabilities | 0 | 0 |
Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 3,049,442,000 | 2,360,948,000 |
Level 1 to level 2 transfers | 0 | 0 |
Level 2 to level 1 transfers | 0 | ' |
Level 1 to level 3 transfers | 0 | 0 |
Level 3 to level 1 transfers | 0 | 0 |
Level 2 to level 3 transfers | 0 | 0 |
Level 3 to level 2 transfers | 0 | 0 |
Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 101,387,000 | 101,237,000 |
Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 2,948,055,000 | 2,259,711,000 |
Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Equity securities | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 101,387,000 | 101,237,000 |
Equity securities | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 101,387,000 | 101,237,000 |
Level 2 to level 1 transfers | ' | 511,000 |
Equity securities | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 101,387,000 | 101,237,000 |
Equity securities | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Equity securities | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of U.S. government | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 731,943,000 | 533,975,000 |
Obligations of U.S. government | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of U.S. government | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 731,943,000 | 533,975,000 |
Obligations of U.S. government | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of states and political subdivisions | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 23,681,000 | 22,545,000 |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 23,681,000 | 22,545,000 |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 23,681,000 | 22,545,000 |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of foreign governments | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Corporate debt securities | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 509,007,000 | 452,015,000 |
Corporate debt securities | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 509,007,000 | 452,015,000 |
Corporate debt securities | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Corporate debt securities | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 509,007,000 | 452,015,000 |
Corporate debt securities | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Agency pass through mortgage-backed securities | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 1,584,508,000 | 1,251,176,000 |
Agency pass through mortgage-backed securities | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 1,584,508,000 | 1,251,176,000 |
Agency pass through mortgage-backed securities | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Agency pass through mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 1,584,508,000 | 1,251,176,000 |
Agency pass through mortgage-backed securities | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other commercial mortgage-backed securities | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 98,916,000 | 0 |
Other commercial mortgage-backed securities | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 98,916,000 | 0 |
Other commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 98,916,000 | 0 |
Other commercial mortgage-backed securities | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other debt securites | Fair Value, Measurements, Recurring | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other debt securites | Fair Value, Measurements, Recurring | Level 1 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other debt securites | Fair Value, Measurements, Recurring | Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | 0 | 0 |
Other debt securites | Fair Value, Measurements, Recurring | Level 3 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Available-for-sale securities | $0 | $0 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements - Fair Value Measured on Nonrecurring Basis (Details) (Fair Value, Measurements, Nonrecurring, USD $) | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | $72,300 | $190,318 | $72,300 | $190,318 | ||||
Level 1 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | 0 | 0 | 0 | ||||
Level 2 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | 0 | 0 | 0 | ||||
Level 3 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 72,300 | 190,318 | 72,300 | 190,318 | ||||
Impaired loans | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 10,156 | [1] | 87,170 | [1] | 10,156 | [1] | 87,170 | [1] |
Impaired loans | Level 1 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Impaired loans | Level 2 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Impaired loans | Level 3 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 10,156 | [1] | 87,170 | [1] | 10,156 | [1] | 87,170 | [1] |
Covered REO | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 10,520 | [2] | 20,308 | [2] | 10,520 | [2] | 20,308 | [2] |
Covered REO | Level 1 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Covered REO | Level 2 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Covered REO | Level 3 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 10,520 | [2] | 20,308 | [2] | 10,520 | [2] | 20,308 | [2] |
Real estate held for sale | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 51,624 | [2] | 82,840 | [2] | 51,624 | [2] | 82,840 | [2] |
Real estate held for sale | Level 1 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Real estate held for sale | Level 2 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] |
Real estate held for sale | Level 3 | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Assets measured on nonrecurring basis | 51,624 | [2] | 82,840 | [2] | 51,624 | [2] | 82,840 | [2] |
Changes Measurement | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Losses related to impaired loans and real estate held for sale | 1,991 | 5,192 | 17,965 | 38,450 | ||||
Changes Measurement | Impaired loans | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Losses related to impaired loans and real estate held for sale | 0 | [1] | 366 | [1] | -1,311 | [1] | 13,371 | [1] |
Changes Measurement | Covered REO | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Losses related to impaired loans and real estate held for sale | 113 | [2] | 208 | [2] | 616 | [2] | 811 | [2] |
Changes Measurement | Real estate held for sale | ' | ' | ' | ' | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ||||
Losses related to impaired loans and real estate held for sale | $1,878 | [2] | $4,618 | [2] | $18,660 | [2] | $24,268 | [2] |
[1] | The losses represent remeasurements of collateral-dependent loans. | |||||||
[2] | The losses represent aggregate writedowns and charge-offs on real estate held for sale. |
Covered_Assets_Acquired_Impair
Covered Assets - Acquired Impaired and Non-impaired Loans (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Covered assets | $200,558 | $326,927 |
Gross covered loans | 213,203 | 362,248 |
Covered loans, allowance for losses | -2,244 | 0 |
Loans and Leases Receivable, Covered Loans | 210,959 | 362,248 |
Discount balance related to acquired loans | -34,483 | -66,301 |
Covered loans, net | 176,476 | 295,947 |
Acquired loans classified as non-performing | 0 | ' |
Commercial loans, term | '5 years | ' |
Residential loans, term | '10 years | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretion | 802 | 1,086 |
FDIC Indemnification Asset Movement Analysis [Roll Forward] | ' | ' |
Balance at beginning of period | 64,615 | 87,571 |
Additions | 1,795 | 18,101 |
Payments received | -2,502 | -13,421 |
Amortization | -27,850 | -28,722 |
Accretion | 802 | 1,086 |
Balance at end of period | 36,860 | 64,615 |
Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 45,467 | 56,888 |
Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 181 | 440 |
Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 0 | 1,197 |
Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 6,953 | 22,763 |
Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 569 | 741 |
Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 8,823 | 25,785 |
Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 121,209 | 210,604 |
Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 14,386 | 24,365 |
HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 15,062 | 18,619 |
Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 553 | 846 |
Credit-impaired acquired loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 113,042 | 195,612 |
Covered loans, allowance for losses | -2,244 | 0 |
Loans and Leases Receivable, Covered Loans | 110,798 | 195,612 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 37,236 | 16,928 |
Carrying amount, balance at beginning of period | 69,718 | 77,613 |
Accretable yield, additions | 7,300 | 0 |
Accretable yield, reclassifications from nonaccretable balance, net | 0 | 30,026 |
Carrying amount, reclassifications from nonaccretable balance, net | 0 | 0 |
Accretable yield, accretion | -11,945 | -9,718 |
Accretion | 11,945 | 9,718 |
Carrying amount, transfers to real estate owned | -1,188 | -3,975 |
Carrying amount, payments received, net | -22,704 | -23,503 |
Accretable yield, balance at end of period | 32,591 | 37,236 |
Carrying amount, balance at end of period | 57,771 | 69,718 |
FDIC Indemnification Asset Movement Analysis [Roll Forward] | ' | ' |
Accretion | 11,945 | 9,718 |
Credit-impaired acquired loans | Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 22,400 | 28,428 |
Credit-impaired acquired loans | Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 181 | 440 |
Credit-impaired acquired loans | Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 0 | 1,197 |
Credit-impaired acquired loans | Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 5,589 | 17,953 |
Credit-impaired acquired loans | Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 496 | 496 |
Credit-impaired acquired loans | Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 2,225 | 6,933 |
Credit-impaired acquired loans | Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 69,873 | 121,105 |
Credit-impaired acquired loans | Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 8,894 | 14,949 |
Credit-impaired acquired loans | HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 3,285 | 3,869 |
Credit-impaired acquired loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 99 | 242 |
Acquired non-impaired loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 100,161 | 166,636 |
Covered loans, allowance for losses | 0 | 0 |
Loans and Leases Receivable, Covered Loans | 100,161 | 166,636 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 4,977 | 0 |
Carrying amount, balance at beginning of period | 245,373 | 0 |
Accretable yield, additions | 0 | 10,804 |
Accretable yield, reclassifications from nonaccretable balance, net | 0 | 0 |
Carrying amount, reclassifications from nonaccretable balance, net | 0 | 0 |
Accretable yield, accretion | -723 | -5,827 |
Accretion | 723 | 5,827 |
Carrying amount, transfers to real estate owned | -4,710 | -7,755 |
Carrying amount, payments received, net | -63,946 | -104,034 |
Accretable yield, balance at end of period | 4,254 | 4,977 |
Carrying amount, balance at end of period | 177,440 | 245,373 |
FDIC Indemnification Asset Movement Analysis [Roll Forward] | ' | ' |
Accretion | 723 | 5,827 |
Acquired non-impaired loans | Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 23,067 | 28,460 |
Loans and Leases Receivable, Covered Loans | 23,067 | ' |
Acquired non-impaired loans | Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 0 | 0 |
Loans and Leases Receivable, Covered Loans | 0 | ' |
Acquired non-impaired loans | Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 0 | 0 |
Loans and Leases Receivable, Covered Loans | 0 | ' |
Acquired non-impaired loans | Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 1,364 | 4,810 |
Loans and Leases Receivable, Covered Loans | 1,364 | ' |
Acquired non-impaired loans | Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 73 | 245 |
Loans and Leases Receivable, Covered Loans | 73 | ' |
Acquired non-impaired loans | Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 6,598 | 18,852 |
Loans and Leases Receivable, Covered Loans | 6,598 | ' |
Acquired non-impaired loans | Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 51,336 | 89,499 |
Loans and Leases Receivable, Covered Loans | 51,336 | ' |
Acquired non-impaired loans | Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 5,492 | 9,416 |
Loans and Leases Receivable, Covered Loans | 5,492 | ' |
Acquired non-impaired loans | HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 11,777 | 14,750 |
Loans and Leases Receivable, Covered Loans | 11,777 | ' |
Acquired non-impaired loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Gross covered loans | 454 | 604 |
Loans and Leases Receivable, Covered Loans | 454 | ' |
Acquired impaired loans | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 78,277 | 50,902 |
Carrying amount, balance at beginning of period | 138,091 | 74,953 |
Accretable yield, additions | 0 | 43,299 |
Carrying amount, additions | 0 | 107,946 |
Accretable yield, reclassifications from nonaccretable balance, net | 10,186 | 17,850 |
Carrying amount, reclassifications from nonaccretable balance, net | -2,069 | 0 |
Accretable yield, accretion | -23,929 | -33,774 |
Accretion | 23,929 | 33,774 |
Carrying amount, transfers to real estate owned | -8,943 | -11,196 |
Carrying amount, payments received, net | -72,953 | -67,386 |
Accretable yield, balance at end of period | 64,534 | 78,277 |
Carrying amount, balance at end of period | 78,055 | 138,091 |
FDIC Indemnification Asset Movement Analysis [Roll Forward] | ' | ' |
Accretion | 23,929 | 33,774 |
Acquired Non-impaired | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' | ' |
Accretable yield, balance at beginning of period | 17,263 | 23,789 |
Carrying amount, balance at beginning of period | 157,856 | 213,423 |
Accretable yield, additions | 0 | 0 |
Carrying amount, additions | 0 | 0 |
Accretable yield, reclassifications from nonaccretable balance, net | 0 | 0 |
Carrying amount, reclassifications from nonaccretable balance, net | 0 | 0 |
Accretable yield, accretion | -7,004 | -6,526 |
Accretion | 7,004 | 6,526 |
Carrying amount, transfers to real estate owned | 0 | 0 |
Carrying amount, payments received, net | -66,438 | -62,093 |
Accretable yield, balance at end of period | 10,259 | 17,263 |
Carrying amount, balance at end of period | 98,422 | 157,856 |
FDIC Indemnification Asset Movement Analysis [Roll Forward] | ' | ' |
Accretion | $7,004 | $6,526 |
Covered_Assets_Credit_Risk_Pro
Covered Assets - Credit Risk Profile by Internally Assigned Grade by Loan Status Designation (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | $213,203 | $362,248 |
Discount balance related to acquired loans | -34,483 | -66,301 |
Covered loans, allowance for losses | -2,244 | 0 |
Covered loans, net | 176,476 | 295,947 |
Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 100,161 | 166,636 |
Covered loans, allowance for losses | 0 | 0 |
Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 113,042 | 195,612 |
Covered loans, allowance for losses | -2,244 | 0 |
Single-family residential | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 45,467 | 56,888 |
Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 23,067 | 28,460 |
Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 22,400 | 28,428 |
Construction - speculative | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 181 | 440 |
Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | 0 |
Construction - speculative | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 181 | 440 |
Construction - custom | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | 1,197 |
Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | 0 |
Construction - custom | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | 1,197 |
Land - acquisition & development | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 6,953 | 22,763 |
Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 1,364 | 4,810 |
Land - acquisition & development | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 5,589 | 17,953 |
Land - consumer lot loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 569 | 741 |
Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 73 | 245 |
Land - consumer lot loans | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 496 | 496 |
Multi-family | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 8,823 | 25,785 |
Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 6,598 | 18,852 |
Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 2,225 | 6,933 |
Commercial real estate | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 121,209 | 210,604 |
Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 51,336 | 89,499 |
Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 69,873 | 121,105 |
Commercial & industrial | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 14,386 | 24,365 |
Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 5,492 | 9,416 |
Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 8,894 | 14,949 |
HELOC | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 15,062 | 18,619 |
HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 11,777 | 14,750 |
HELOC | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 3,285 | 3,869 |
Consumer | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 553 | 846 |
Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 454 | 604 |
Consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 99 | 242 |
Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 20,261 | ' |
Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 15,964 | ' |
Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 523 | ' |
Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 3,977 | ' |
Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 64,391 | ' |
Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 7,926 | ' |
Pass | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Grade as percentage of total gross assets | 97.20% | 95.60% |
Pass | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 70,926 | ' |
Grade as percentage of total gross assets | 70.80% | ' |
Pass | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 64,208 | ' |
Pass | Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 21,311 | ' |
Pass | Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Pass | Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Pass | Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 972 | ' |
Pass | Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 73 | ' |
Pass | Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 6,598 | ' |
Pass | Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 26,940 | ' |
Pass | Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 2,801 | ' |
Pass | HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 11,777 | ' |
Pass | Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 454 | ' |
Pass | Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 8,349 | ' |
Pass | Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 15,585 | ' |
Pass | Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 52 | ' |
Pass | Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 2,804 | ' |
Pass | Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 33,909 | ' |
Pass | Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 3,509 | ' |
Special mention | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Grade as percentage of total gross assets | 0.40% | 0.50% |
Special mention | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 115 | ' |
Grade as percentage of total gross assets | 0.10% | ' |
Special mention | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 700 | ' |
Special mention | Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 115 | ' |
Special mention | Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Special mention | Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 700 | ' |
Special mention | Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Grade as percentage of total gross assets | 2.40% | 3.90% |
Substandard | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 29,120 | ' |
Grade as percentage of total gross assets | 29.10% | ' |
Substandard | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 47,609 | ' |
Substandard | Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 1,756 | ' |
Substandard | Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 392 | ' |
Substandard | Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 24,281 | ' |
Substandard | Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 2,691 | ' |
Substandard | HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Substandard | Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 11,912 | ' |
Substandard | Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 379 | ' |
Substandard | Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 471 | ' |
Substandard | Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 1,173 | ' |
Substandard | Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 29,782 | ' |
Substandard | Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 3,892 | ' |
Doubtful | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Grade as percentage of total gross assets | 0.00% | 0.00% |
Doubtful | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Grade as percentage of total gross assets | 0.00% | ' |
Doubtful | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 525 | ' |
Doubtful | Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Doubtful | Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 525 | ' |
Loss | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Grade as percentage of total gross assets | 0.00% | 0.00% |
Loss | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Grade as percentage of total gross assets | 0.00% | ' |
Loss | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Single-family residential | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Construction - speculative | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Construction - custom | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Land - acquisition & development | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Land - consumer lot loans | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Multi-family | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Commercial real estate | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Commercial & industrial | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | HELOC | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Consumer | Acquired non-impaired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 1 - Construction and land A&D | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 2 - Single-family residential | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 3 - Multi-family | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 4 - HELOC & other consumer | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 5 - Commercial real estate | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | 0 | ' |
Loss | Pool 6 - Commercial & industrial | Credit-impaired acquired loans | ' | ' |
Covered Assets, Loan Status Designation [Line Items] | ' | ' |
Gross covered loans | $0 | ' |
Covered_Assets_Aging_Analysis_
Covered Assets - Aging Analysis of Non-Credit Impaired Loans (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | $210,959 | $362,248 |
Credit-impaired acquired loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 110,798 | 195,612 |
Acquired non-impaired loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 100,161 | 166,636 |
Loans and leases receivable, covered loans, current | 98,342 | ' |
Loans and leases receivable, covered loans, 30 days | 241 | ' |
Loans and leases receivable, covered loans, 60 days | 40 | ' |
Loans and leases receivable, covered assets, 90 days | 1,538 | ' |
Loans and leases receivable, covered assets, past due | 1,819 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 1.82% | ' |
Acquired non-impaired loans | Single-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 23,067 | ' |
Loans and leases receivable, covered loans, current | 22,391 | ' |
Loans and leases receivable, covered loans, 30 days | 230 | ' |
Loans and leases receivable, covered loans, 60 days | 40 | ' |
Loans and leases receivable, covered assets, 90 days | 406 | ' |
Loans and leases receivable, covered assets, past due | 676 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 2.93% | ' |
Acquired non-impaired loans | Construction - speculative | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 0 | ' |
Loans and leases receivable, covered loans, current | 0 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Acquired non-impaired loans | Construction - custom | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 0 | ' |
Loans and leases receivable, covered loans, current | 0 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Acquired non-impaired loans | Land - acquisition & development | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 1,364 | ' |
Loans and leases receivable, covered loans, current | 1,328 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 36 | ' |
Loans and leases receivable, covered assets, past due | 36 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 2.64% | ' |
Acquired non-impaired loans | Land - consumer lot loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 73 | ' |
Loans and leases receivable, covered loans, current | 73 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 0.00% | ' |
Acquired non-impaired loans | Multi-family | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 6,598 | ' |
Loans and leases receivable, covered loans, current | 5,502 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 1,096 | ' |
Loans and leases receivable, covered assets, past due | 1,096 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 16.61% | ' |
Acquired non-impaired loans | Commercial real estate | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 51,336 | ' |
Loans and leases receivable, covered loans, current | 51,336 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 0.00% | ' |
Acquired non-impaired loans | Commercial & industrial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 5,492 | ' |
Loans and leases receivable, covered loans, current | 5,492 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 0.00% | ' |
Acquired non-impaired loans | HELOC | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 11,777 | ' |
Loans and leases receivable, covered loans, current | 11,777 | ' |
Loans and leases receivable, covered loans, 30 days | 0 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | 0 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 0.00% | ' |
Acquired non-impaired loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Outstanding principal balance of acquired loans | 454 | ' |
Loans and leases receivable, covered loans, current | 443 | ' |
Loans and leases receivable, covered loans, 30 days | 11 | ' |
Loans and leases receivable, covered loans, 60 days | 0 | ' |
Loans and leases receivable, covered assets, 90 days | 0 | ' |
Loans and leases receivable, covered assets, past due | $11 | ' |
Ratio of total past due loans to total loans receivable, net of charge offs and loans in process | 2.42% | ' |