Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Dec. 31, 2014 | Jan. 31, 2015 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Dec-14 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | WASHINGTON FEDERAL INC | |
Entity Central Index Key | 936528 | |
Current Fiscal Year End Date | -21 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 96,383,502 |
CONSOLIDATED_STATEMENTS_OF_FIN
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and cash equivalents | $542,769 | $781,843 |
Available-for-sale securities, at fair value | 2,895,056 | 3,049,442 |
Held-to-maturity securities, at amortized cost | 1,516,219 | 1,548,265 |
Loans receivable, net | 8,253,917 | 8,148,322 |
Covered loans, net | 161,478 | 176,476 |
Interest receivable | 40,757 | 52,037 |
Premises and equipment, net | 254,284 | 257,543 |
Real estate held for sale | 61,970 | 55,072 |
Real estate held for investment | 3,994 | 4,808 |
Covered real estate held for sale | 19,405 | 24,082 |
FDIC indemnification asset | 30,356 | 36,860 |
FHLB and FRB stock | 154,870 | 158,839 |
Bank owned life insurance | 100,216 | 0 |
Intangible assets, net | 301,885 | 302,909 |
Federal and state income tax assets, net | 0 | 16,515 |
Other assets | 157,580 | 143,028 |
Assets | 14,494,756 | 14,756,041 |
Customer accounts | ||
Transaction deposit accounts | 5,464,198 | 5,490,687 |
Time deposit accounts | 5,114,655 | 5,226,241 |
Customer accounts | 10,578,853 | 10,716,928 |
FHLB advances | 1,830,000 | 1,930,000 |
Advance payments by borrowers for taxes and insurance | 19,301 | 29,004 |
Federal and state income taxes, net | 4,278 | 0 |
Accrued expenses and other liabilities | 80,985 | 106,826 |
Liabilities | 12,513,417 | 12,782,758 |
Stockholders’ equity | ||
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,590,428 and 133,322,909 shares issued; 97,556,077 and 98,404,705 shares outstanding | 133,591 | 133,323 |
Paid-in capital | 1,639,350 | 1,638,211 |
Accumulated other comprehensive income, net of taxes | 23,435 | 20,708 |
Treasury stock, at cost; 36,034,351 and 34,918,204 shares | -549,434 | -525,108 |
Retained earnings | 734,397 | 706,149 |
Stockholders' equity | 1,981,339 | 1,973,283 |
Liabilities and equity | $14,494,756 | $14,756,041 |
CONSOLIDATED_STATEMENTS_OF_FIN1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
Statement of Financial Position [Abstract] | ||
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) | 133,590,428 | 133,322,909 |
Common stock, shares outstanding (in shares) | 97,556,077 | 98,404,705 |
Treasury stock, shares (in shares) | 36,034,351 | 34,918,204 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
INTEREST INCOME | ||
Loans | $108,293 | $107,227 |
Mortgage-backed securities | 19,175 | 19,368 |
Investment securities and cash equivalents | 5,816 | 4,663 |
Interest income | 133,284 | 131,258 |
INTEREST EXPENSE | ||
Customer accounts | 13,445 | 15,499 |
FHLB advances and other borrowings | 17,656 | 17,447 |
Interest expense | 31,101 | 32,946 |
Net interest income | 102,183 | 98,312 |
Reversal of provision for loan losses | -5,500 | -4,600 |
Net interest income after reversal of provision for loan losses | 107,683 | 102,912 |
OTHER INCOME | ||
Loan fee income | 2,065 | 2,046 |
Deposit fee income | 5,977 | 1,704 |
Other income (loss) | -2,662 | 2,038 |
Noninterest income | 5,380 | 5,788 |
OTHER EXPENSE | ||
Compensation and benefits | 29,160 | 25,126 |
Occupancy | 8,135 | 7,050 |
FDIC insurance premiums | 674 | 2,934 |
Information technology | 4,030 | 1,318 |
Product delivery | 5,627 | 2,929 |
Other expense | 5,974 | 4,763 |
Noninterest expense | 53,600 | 44,120 |
Gain (loss) on real estate acquired through foreclosure, net | 315 | -1,951 |
Income before income taxes | 59,778 | 62,629 |
Income tax provision | 21,371 | 22,393 |
NET INCOME | $38,407 | $40,236 |
PER SHARE DATA | ||
Basic earnings (in dollars per share) | $0.39 | $0.39 |
Diluted earnings (in dollars per share) | $0.39 | $0.39 |
Cash dividends per share (in dollars per share) | $0.15 | $0.10 |
Basic weighted average number of shares outstanding (in shares) | 98,147,939 | 102,329,578 |
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares) | 98,524,839 | 102,813,154 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Statement of Comprehensive Income [Abstract] | ||
Net income | $38,407 | $40,236 |
Other comprehensive income (loss) net of tax: | ||
Net unrealized gain (loss) on available-for-sale securities | 8,560 | -9,661 |
Net unrealized (loss) on long-term borrowing hedge | -4,249 | 0 |
Related tax benefit (expense) | -1,584 | 3,478 |
Other comprehensive income (loss) | 2,727 | -6,183 |
Comprehensive income | $41,134 | $34,053 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (USD $) | Total | Common Stock | Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income | Treasury Stock |
In Thousands, unless otherwise specified | ||||||
Balance, beginning 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 | 40,236 | 40,236 | ||||
Other comprehensive loss | -6,183 | -6,183 | ||||
Dividends on common stock | -10,179 | -10,179 | ||||
Compensation expense related to common stock options | 300 | 300 | ||||
Proceeds from exercise of common stock options | 9,280 | 444 | 8,836 | |||
Restricted stock | 840 | 256 | 584 | |||
Treasury stock acquired | -18,945 | -18,945 | ||||
Balance, end of period at Dec. 31, 2013 | 1,952,984 | 133,273 | 1,634,771 | 624,507 | 195 | -439,762 |
Balance, beginning of period at Sep. 30, 2014 | 1,973,283 | 133,323 | 1,638,211 | 706,149 | 20,708 | -525,108 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 38,407 | 38,407 | ||||
Other comprehensive loss | 2,727 | 2,727 | ||||
Dividends on common stock | -10,159 | -10,159 | ||||
Compensation expense related to common stock options | 300 | 300 | ||||
Proceeds from exercise of common stock options | 266 | 18 | 248 | |||
Restricted stock | 841 | 250 | 591 | |||
Treasury stock acquired | -24,326 | -24,326 | ||||
Balance, end of period at Dec. 31, 2014 | $1,981,339 | $133,591 | $1,639,350 | $734,397 | $23,435 | ($549,434) |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $38,407 | $40,236 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and Amortization | 5,299 | 3,757 |
Cash received from (paid to) FDIC under loss share | -431 | 1,295 |
Stock option compensation expense | 300 | 300 |
Reversal of provision for loan losses | -5,500 | -4,600 |
Gain on real estate held for sale | -9,606 | -597 |
Decrease (increase) in accrued interest receivable | 11,280 | -411 |
Decrease in federal and state income tax | 19,208 | 22,629 |
Decrease (increase) in cash surrender value in bank owned life insurance | -216 | 0 |
Decrease (increase) in other assets | -14,552 | 1,649 |
Decrease in accrued expenses and other liabilities | -25,890 | -12,768 |
Net cash provided by operating activities | 18,299 | 51,490 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Net (loan originations) principal collections | -36,993 | -68,870 |
Loans purchased | -46,831 | 0 |
FHLB & FRB stock redemption | 3,969 | 1,376 |
Available-for-sale securities purchased | -41,225 | -565,080 |
Principal payments and maturities of available-for-sale securities | 202,760 | 76,805 |
Principal payments and maturities of held-to-maturity securities | 31,178 | 23,117 |
Net cash received from acquisition | 0 | 1,280,077 |
Proceeds from sales of real estate held for sale and investment | 13,496 | 14,295 |
Proceeds from sales of covered REO | 4,413 | 6,098 |
Purchase of bank owned life insurance | -100,000 | 0 |
Premises and equipment purchased and REO improvements | -2,019 | -9,232 |
Net cash provided by investing activities | 28,748 | 758,586 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net decrease in customer accounts | -137,999 | -1,795 |
Proceeds from borrowings | 0 | 625,000 |
Repayments of borrowings | -100,000 | -625,000 |
Proceeds from exercise of common stock options and related tax benefit | 266 | 9,280 |
Dividends paid on common stock | -14,359 | -10,179 |
Treasury stock purchased | -24,326 | -18,945 |
Decrease in advance payments by borrowers for taxes and insurance | -9,703 | -24,652 |
Net cash used by financing activities | -286,121 | -46,291 |
Increase (decrease) in cash and cash equivalents | -239,074 | 763,785 |
Cash and cash equivalents at beginning of period | 781,843 | 203,563 |
Cash and cash equivalents at end of period | 542,769 | 967,348 |
Non-cash investing activities | ||
Non-covered real estate acquired through foreclosure | 8,852 | 9,956 |
Covered real estate acquired through foreclosure | 51 | 179 |
Cash paid during the period for | ||
Interest | 34,653 | 33,644 |
Income taxes | 23 | -236 |
The following summarizes the non-cash activities related to acquisitions | ||
Fair value of assets and intangibles acquired, including goodwill | 0 | 65,531 |
Fair value of liabilities assumed | 0 | -1,345,608 |
Net fair value of assets (liabilities) | $0 | ($1,280,077) |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies |
Nature of Operations - Washington Federal, Inc. is a Washington corporation headquartered in Seattle, Washington. 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. As used throughout this document, the terms "Washington Federal" or the "Company" refer to Washington Federal, Inc. and its consolidated subsidiaries and the term "Bank" refers to the operating subsidiary Washington Federal, National Association. | |
Basis of Presentation - The unaudited interim financial statements included in this report have been prepared by Washington Federal. All intercompany transactions and accounts have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. In the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation are reflected in the interim financial statements. The September 30, 2014 Consolidated Statement of Financial Condition was derived from audited financial statements. | |
The information included in this Form 10-Q should be read in conjunction with the financial statements and related notes in the Company’s 2014 Annual Report on Form 10-K (“2014 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year. | |
Summary of Significant Accounting Policies - The significant accounting policies used in preparation of our consolidated financial statements are disclosed in our 2014 Form 10-K. Other than as discussed below, there have not been any material changes in our significant accounting policies compared to those contained in our 2014 Form 10-K disclosure for the year ended September 30, 2014. | |
Correction of Immaterial Errors Related to Prior Periods - During the three months ended December 31, 2014, the Company made an $8,200,000 adjustment which increased the value of real estate owned and other income to correct an error in prior years. The adjustment reflects a one-time correction necessary to change the accounting for real estate owned to be in conformity with GAAP. The Company also made an $8,900,000 adjustment which decreased accrued interest receivable and other income as a result of the Company identifying a reconciliation error which had overstated interest income and accrued interest receivable. Based upon an evaluation of all relevant factors, management believes these correcting adjustments did not have a material impact on the Company’s current quarter financial statement or on any previously reported quarterly or yearly results. | |
Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at December 31, 2014 and September 30, 2014, excluding covered loans, of $584,227,000 and $583,838,000, respectively. The Company estimates losses on off-balance-sheet credit exposures by allocating a loss percentage derived from historical loss factors for each asset class. | |
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. |
Acquisitions
Acquisitions | 3 Months Ended | ||||
Dec. 31, 2014 | |||||
Business Combinations [Abstract] | |||||
Acquisitions | Acquisitions | ||||
There were no acquisitions completed during the quarter ended December 31, 2014. During the fiscal year 2014, the Bank acquired seventy-four branches from Bank of America, National Association. Effective as of the close of business on October 31, 2013, the Bank completed the acquisition of eleven branches that are located in New Mexico. Effective as of the close of business on December 6, 2013, the Bank completed the acquisition of another forty branches that are located in Washington, Oregon, and Idaho. Effective as of the close of business on May 2, 2014, the Bank completed the acquisition of another twenty-three branches that are located in Arizona and Nevada. Management believes that these transactions represent a significant enhancement of our branch network. This transaction will bring new customers to the Company and improve the deposit mix and reduce overall funding costs. The combined acquisitions provided $1,853,798,000 in deposit accounts, $12,881,000 of loans, and $25,097,000 in branch properties. The Bank paid a 1.99% premium on the total deposits and received $1,776,660,000 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 $11,040,000 in core deposit intangible and $31,225,000 in goodwill related to these transactions. | |||||
The operating results of the Company include the operating results produced by the first eleven branches for the period from November 1, 2013 to December 31, 2014, for the additional forty branches from December 7, 2013 to December 31, 2014, and for the most recent twenty-three branches from May 3, 2014 to December 31, 2014. | |||||
The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed: | |||||
Adjusted Fair Value Recorded by | |||||
Washington Federal | |||||
(In thousands) | |||||
Assets: | |||||
Cash | $ | 1,776,660 | |||
Available for sale securities | — | ||||
FHLB stock | — | ||||
Loans receivable, net | 12,881 | ||||
Covered loans receivable, net | — | ||||
FDIC indemnification asset | — | ||||
Property and equipment, net | 25,097 | ||||
Core deposit intangible | 11,040 | ||||
Real estate held for sale | — | ||||
Covered real estate held for sale | — | ||||
Goodwill | 31,225 | ||||
Other assets | 70 | ||||
Total Assets | 1,856,973 | ||||
Liabilities: | |||||
Customer accounts | 1,853,798 | ||||
FHLB advances | — | ||||
Other liabilities | 3,175 | ||||
Total Liabilities | 1,856,973 | ||||
Net assets acquired | $ | — | |||
Dividends
Dividends | 3 Months Ended |
Dec. 31, 2014 | |
Dividends [Abstract] | |
Dividends | Dividends |
On October 17, 2014, the Company paid its 127th consecutive quarterly cash dividend on common stock. Dividends paid per share were $.15 and $.10 for the quarters ended December 31, 2014 and 2013, respectively. Due to a one-time change in the schedule of quarterly dividends, the Company increased the normal $.11 per share payout for pro-ration over four months for the most recent dividend payment. | |
On January 21, 2015, the Company announced its 128th consecutive quarterly cash dividend on common stock of $.13 per share. This payout represents an increase of $.02, or 18%, over the prior quarterly dividend rate of $.11 per share. The current dividend will be paid on February 16, 2015 to common stockholders of record on February 2, 2015. |
Loans_Receivable_excluding_Cov
Loans Receivable (excluding Covered Loans) | 3 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||
Loans Receivable (excluding Covered Loans) | Loans Receivable (excluding Covered Loans) | ||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Non-acquired loans | |||||||||||||||||||||||||||
Single-family residential | $ | 5,608,208 | 63.9 | % | $ | 5,560,203 | 64.1 | % | |||||||||||||||||||
Construction - speculative | 152,450 | 1.7 | 140,060 | 1.6 | |||||||||||||||||||||||
Construction - custom | 377,561 | 4.3 | 385,824 | 4.5 | |||||||||||||||||||||||
Land - acquisition & development | 84,000 | 1 | 77,832 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 104,492 | 1.2 | 108,623 | 1.3 | |||||||||||||||||||||||
Multi-family | 977,752 | 11.2 | 917,286 | 10.6 | |||||||||||||||||||||||
Commercial real estate | 597,436 | 6.8 | 591,336 | 6.9 | |||||||||||||||||||||||
Commercial & industrial | 391,327 | 4.5 | 379,226 | 4.4 | |||||||||||||||||||||||
HELOC | 118,047 | 1.3 | 116,042 | 1.4 | |||||||||||||||||||||||
Consumer | 126,929 | 1.4 | 132,590 | 1.5 | |||||||||||||||||||||||
Total non-acquired loans | 8,538,202 | 97.3 | 8,409,022 | 97.2 | |||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||
Single-family residential | 11,163 | 0.1 | 11,716 | 0.1 | |||||||||||||||||||||||
Land - acquisition & development | 872 | — | 905 | — | |||||||||||||||||||||||
Land - consumer lot loans | 2,496 | — | 2,507 | — | |||||||||||||||||||||||
Multi-family | 2,954 | — | 2,999 | — | |||||||||||||||||||||||
Commercial real estate | 92,133 | 1 | 97,898 | 1.1 | |||||||||||||||||||||||
Commercial & industrial | 58,836 | 0.7 | 51,386 | 0.6 | |||||||||||||||||||||||
HELOC | 7,749 | 0.1 | 8,274 | 0.1 | |||||||||||||||||||||||
Consumer | 4,369 | — | 5,670 | 0.1 | |||||||||||||||||||||||
Total acquired loans | 180,572 | 1.9 | 181,355 | 2 | |||||||||||||||||||||||
Credit-impaired acquired loans | |||||||||||||||||||||||||||
Single-family residential | 323 | — | 325 | — | |||||||||||||||||||||||
Land - acquisition & development | 1,533 | — | 1,622 | — | |||||||||||||||||||||||
Commercial real estate | 60,287 | 0.7 | 63,723 | 0.7 | |||||||||||||||||||||||
Commercial & industrial | 3,255 | — | 3,476 | — | |||||||||||||||||||||||
HELOC | 9,202 | 0.1 | 10,139 | 0.1 | |||||||||||||||||||||||
Consumer | 54 | — | 55 | — | |||||||||||||||||||||||
Total credit-impaired acquired loans | 74,654 | 0.8 | 79,340 | 0.8 | |||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||
Single-family residential | 5,619,694 | 64 | 5,572,244 | 64.2 | |||||||||||||||||||||||
Construction - speculative | 152,450 | 1.7 | 140,060 | 1.6 | |||||||||||||||||||||||
Construction - custom | 377,561 | 4.3 | 385,824 | 4.5 | |||||||||||||||||||||||
Land - acquisition & development | 86,405 | 1 | 80,359 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 106,988 | 1.2 | 111,130 | 1.3 | |||||||||||||||||||||||
Multi-family | 980,706 | 11.2 | 920,285 | 10.6 | |||||||||||||||||||||||
Commercial real estate | 749,856 | 8.5 | 752,957 | 8.7 | |||||||||||||||||||||||
Commercial & industrial | 453,418 | 5.2 | 434,088 | 5 | |||||||||||||||||||||||
HELOC | 134,998 | 1.5 | 134,455 | 1.6 | |||||||||||||||||||||||
Consumer | 131,352 | 1.4 | 138,315 | 1.6 | |||||||||||||||||||||||
Total loans | 8,793,428 | 100 | % | 8,669,717 | 100 | % | |||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Allowance for probable losses | 108,700 | 112,347 | |||||||||||||||||||||||||
Loans in process | 370,655 | 346,172 | |||||||||||||||||||||||||
Discount on acquired loans | 22,535 | 25,391 | |||||||||||||||||||||||||
Deferred net origination fees | 37,621 | 37,485 | |||||||||||||||||||||||||
539,511 | 521,395 | ||||||||||||||||||||||||||
$ | 8,253,917 | $ | 8,148,322 | ||||||||||||||||||||||||
Changes in the carrying amount and accretable yield for acquired credit impaired and non-impaired loans for the three months ended December 31, 2014 and the fiscal year ended September 30, 2014 were as follows: | |||||||||||||||||||||||||||
December 31, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance as of beginning of period | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | |||||||||||||||||||
Accretion | (2,970 | ) | 2,970 | (1,424 | ) | 1,424 | |||||||||||||||||||||
Payments received, net | — | (6,455 | ) | — | (1,193 | ) | |||||||||||||||||||||
Balance as of end of period | $ | 29,621 | $ | 54,286 | $ | 2,830 | $ | 177,671 | |||||||||||||||||||
September 30, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance as of beginning of period | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | |||||||||||||||||||
Reclassification from nonaccretable balance, net (1) | 7,300 | — | — | — | |||||||||||||||||||||||
Accretion | (11,945 | ) | 11,945 | (723 | ) | 723 | |||||||||||||||||||||
Transfers to REO | — | (1,188 | ) | — | (4,710 | ) | |||||||||||||||||||||
Payments received, net | — | (22,704 | ) | — | (63,946 | ) | |||||||||||||||||||||
Balance as of end of period | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | |||||||||||||||||||
(1) reclassification due to improvements in expected cash flows of the underlying loans. | |||||||||||||||||||||||||||
The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated: | |||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Non-accrual loans: | |||||||||||||||||||||||||||
Single-family residential | $ | 74,416 | 75.6 | % | $ | 74,067 | 84.8 | % | |||||||||||||||||||
Construction - speculative | 1,329 | 1.4 | 1,477 | 1.7 | |||||||||||||||||||||||
Land - acquisition & development | — | — | 811 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 2,260 | 2.3 | 2,637 | 3 | |||||||||||||||||||||||
Multi-family | 1,019 | 1 | 1,742 | 2 | |||||||||||||||||||||||
Commercial real estate | 15,970 | 16.2 | 5,106 | 5.8 | |||||||||||||||||||||||
Commercial & industrial | 672 | 0.7 | 7 | — | |||||||||||||||||||||||
HELOC | 1,454 | 1.5 | 795 | 0.9 | |||||||||||||||||||||||
Consumer | 1,233 | 1.3 | 789 | 0.9 | |||||||||||||||||||||||
Total non-accrual loans | $ | 98,353 | 100 | % | $ | 87,431 | 100 | % | |||||||||||||||||||
The following tables provide an analysis of the age of loans in past due status as of December 31, 2014 and September 30, 2014, respectively. | |||||||||||||||||||||||||||
31-Dec-14 | 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 | $ | 5,605,917 | $ | 5,518,834 | $ | 17,503 | $ | 7,804 | $ | 61,776 | $ | 87,083 | 1.55 | % | |||||||||||||
Construction - Speculative | 95,367 | 95,199 | 168 | — | — | 168 | 0.18 | ||||||||||||||||||||
Construction - Custom | 191,787 | 191,670 | 114 | 3 | — | 117 | 0.06 | ||||||||||||||||||||
Land - Acquisition & Development | 70,347 | 68,008 | 2,339 | — | — | 2,339 | 3.32 | ||||||||||||||||||||
Land - Consumer Lot Loans | 104,444 | 100,639 | 596 | 368 | 2,841 | 3,805 | 3.64 | ||||||||||||||||||||
Multi-Family | 906,295 | 905,532 | — | — | 763 | 763 | 0.08 | ||||||||||||||||||||
Commercial Real Estate | 559,808 | 541,939 | 2,607 | — | 15,262 | 17,869 | 3.19 | ||||||||||||||||||||
Commercial & Industrial | 388,588 | 387,149 | 339 | — | 1,100 | 1,439 | 0.37 | ||||||||||||||||||||
HELOC | 118,143 | 117,362 | 162 | 58 | 561 | 781 | 0.66 | ||||||||||||||||||||
Consumer | 126,929 | 125,745 | 756 | 230 | 198 | 1,184 | 0.93 | ||||||||||||||||||||
Total non-acquired loans | 8,167,625 | 8,052,077 | 24,584 | 8,463 | 82,501 | 115,548 | 1.41 | % | |||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||
Single-Family Residential | 11,164 | 10,907 | 232 | — | 25 | 257 | 2.3 | % | |||||||||||||||||||
Land - Acquisition & Development | 872 | 872 | — | — | — | — | — | ||||||||||||||||||||
Land - Consumer Lot Loans | 2,495 | 1,686 | 560 | — | 249 | 809 | — | ||||||||||||||||||||
Multi-Family | 2,954 | 2,954 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 92,066 | 91,211 | — | 97 | 758 | 855 | 0.93 | ||||||||||||||||||||
Commercial & Industrial | 58,832 | 58,733 | — | — | 99 | 99 | 0.17 | ||||||||||||||||||||
HELOC | 7,749 | 7,290 | 241 | — | 218 | 459 | 5.92 | ||||||||||||||||||||
Consumer | 4,369 | 3,301 | 412 | — | 656 | 1,068 | 24.44 | ||||||||||||||||||||
Total acquired loans | 180,501 | 176,954 | 1,445 | 97 | 2,005 | 3,547 | 1.97 | % | |||||||||||||||||||
Credit-impaired acquired loans | |||||||||||||||||||||||||||
Single-Family Residential | 323 | 323 | — | — | — | — | — | % | |||||||||||||||||||
Land - Acquisition & Development | 1,533 | 1,533 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 60,280 | 56,301 | 2,064 | 430 | 1,485 | 3,979 | 6.6 | ||||||||||||||||||||
Commercial & Industrial | 3,255 | 3,255 | — | — | — | — | — | ||||||||||||||||||||
HELOC | 9,201 | 8,799 | — | — | 402 | 402 | 4.37 | ||||||||||||||||||||
Consumer | 54 | 54 | — | — | — | — | — | ||||||||||||||||||||
Total credit-impaired acquired loans | 74,646 | 70,265 | 2,064 | 430 | 1,887 | 4,381 | 5.87 | % | |||||||||||||||||||
Total loans | $ | 8,422,772 | $ | 8,299,296 | $ | 28,093 | $ | 8,990 | $ | 86,393 | $ | 123,476 | 1.47 | % | |||||||||||||
30-Sep-14 | 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) | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||
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 | — | — | — | — | — | % | |||||||||||||||||||
Land - Acquisition & Development | 1,581 | 1,581 | — | — | — | — | — | ||||||||||||||||||||
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 Company about modification 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 between 100 to 200 basis points 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 December 31, 2014, single-family residential loans comprised 86.6% of TDRs. | |||||||||||||||||||||||||||
The Company 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 provide information related to loans that were restructured during the periods indicated: | |||||||||||||||||||||||||||
Quarter Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||
Single-Family Residential | 35 | $ | 9,600 | $ | 9,600 | 113 | $ | 23,607 | $ | 23,607 | |||||||||||||||||
Construction - Speculative | 2 | 718 | 718 | — | — | — | |||||||||||||||||||||
Land - Consumer Lot Loans | 2 | 532 | 532 | 5 | 1,098 | 1,098 | |||||||||||||||||||||
Multi-Family | — | — | — | 2 | 1,213 | 1,213 | |||||||||||||||||||||
Commercial Real Estate | — | — | — | 1 | 810 | 810 | |||||||||||||||||||||
HELOC | — | — | — | 1 | 261 | 261 | |||||||||||||||||||||
Consumer | 1 | 85 | 85 | 2 | 39 | 39 | |||||||||||||||||||||
40 | $ | 10,935 | $ | 10,935 | 124 | $ | 27,028 | $ | 27,028 | ||||||||||||||||||
The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default: | |||||||||||||||||||||||||||
Quarter Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | |||||||||||||||||||||||||||
Single-Family Residential | 8 | $ | 1,431 | 24 | $ | 3,624 | |||||||||||||||||||||
Land - Consumer Lot Loans | 3 | 389 | 2 | 166 | |||||||||||||||||||||||
11 | $ | 1,820 | 26 | $ | 3,790 | ||||||||||||||||||||||
Allowance_for_Losses_on_Loans
Allowance for Losses on Loans | 3 Months Ended | |||||||||||||||||||||||
Dec. 31, 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 quarter ended December 31, 2014 and fiscal year ended September 30, 2014: | ||||||||||||||||||||||||
Quarter Ended December 31, 2014 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 62,763 | $ | (1,694 | ) | $ | 2,553 | $ | (8,127 | ) | $ | 55,495 | ||||||||||||
Construction - speculative | 6,742 | (388 | ) | — | (903 | ) | 5,451 | |||||||||||||||||
Construction - custom | 1,695 | — | — | (730 | ) | 965 | ||||||||||||||||||
Land - acquisition & development | 5,592 | (38 | ) | 1 | 1,116 | 6,671 | ||||||||||||||||||
Land - consumer lot loans | 3,077 | (35 | ) | — | 71 | 3,113 | ||||||||||||||||||
Multi-family | 4,248 | — | 220 | 32 | 4,500 | |||||||||||||||||||
Commercial real estate | 7,548 | (27 | ) | 28 | (1,677 | ) | 5,872 | |||||||||||||||||
Commercial & industrial | 16,527 | — | 34 | 6,767 | 23,328 | |||||||||||||||||||
HELOC | 928 | — | — | (36 | ) | 892 | ||||||||||||||||||
Consumer | 3,227 | (427 | ) | 615 | (1,002 | ) | 2,413 | |||||||||||||||||
$ | 112,347 | $ | (2,609 | ) | $ | 3,451 | $ | (4,489 | ) | $ | 108,700 | |||||||||||||
Fiscal Year Ended 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 | |||||||||||||
The Company recorded a $5,500,000 reversal for loan losses during the quarter ended December 31, 2014, while a $4,600,000 reversal was recorded for the same quarter one year ago. The credit quality of the portfolio has been improving significantly and economic conditions are more favorable. The primary reason for the reversal in the quarter ended December 31, 2013, was the favorable settlement of a lawsuit related to previously purchased loans. During the fiscal year ended September 30, 2014, there was a transfer of $2,910,000 to establish a reserve for unfunded commitments. This reserve was $1,898,000 as of December 31, 2014. | ||||||||||||||||||||||||
Non-performing assets (“NPAs”) amounted to $164,317,000, or 1.13%, of total assets at December 31, 2014, compared to $197,910,000, or 1.37%, 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. As of December 31, 2014, $37,136,000 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 quarter ended December 31, 2014. Non-accrual loans decreased from $114,717,000 at December 31, 2013, to $98,352,555 at December 31, 2014, a 14.3% decrease. | ||||||||||||||||||||||||
The Company had net recoveries of $841,000 for the quarter ended December 31, 2014, compared with $6,017,000 of net recoveries for the same quarter one year ago largely attributed to the lawsuit settlement discussed above. 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 December 31, 2014, $108,700,000 of the allowance was calculated under the formulas contained in our general allowance methodology. 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. | ||||||||||||||||||||||||
The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||
December 31, 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 | $ | 55,495 | $ | 5,542,825 | 1 | % | $ | — | $ | 63,091 | — | % | ||||||||||||
Construction - speculative | 5,451 | 87,711 | 6.2 | — | 7,656 | — | ||||||||||||||||||
Construction - custom | 965 | 191,787 | 0.5 | — | — | — | ||||||||||||||||||
Land - acquisition & development | 6,671 | 66,953 | 10 | — | 3,394 | — | ||||||||||||||||||
Land - consumer lot loans | 3,113 | 91,588 | 3.4 | — | 12,856 | — | ||||||||||||||||||
Multi-family | 4,500 | 901,277 | 0.5 | — | 5,019 | — | ||||||||||||||||||
Commercial real estate | 5,872 | 533,593 | 1.1 | — | 26,217 | — | ||||||||||||||||||
Commercial & industrial | 23,328 | 425,724 | 5.4 | — | — | — | ||||||||||||||||||
HELOC | 892 | 116,544 | 0.8 | — | 1,598 | — | ||||||||||||||||||
Consumer | 2,413 | 126,920 | 1.9 | — | 9 | — | ||||||||||||||||||
$ | 108,700 | $ | 8,084,922 | 1.4 | % | $ | — | $ | 119,840 | — | % | |||||||||||||
-1 | Excludes acquired loans with sufficient discounts and covered loans | |||||||||||||||||||||||
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 sufficient discounts and covered loans | |||||||||||||||||||||||
The Company has an asset quality review function that analyzes its 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 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 December 31, 2014 and September 30, 2014. | ||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade (excludes covered loans): | ||||||||||||||||||||||||
December 31, 2014 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,484,864 | $ | 2,357 | $ | 120,987 | $ | — | $ | — | $ | 5,608,208 | ||||||||||||
Construction - speculative | 147,979 | — | 4,471 | — | — | 152,450 | ||||||||||||||||||
Construction - custom | 377,561 | — | — | — | — | 377,561 | ||||||||||||||||||
Land - acquisition & development | 78,428 | — | 5,572 | — | — | 84,000 | ||||||||||||||||||
Land - consumer lot loans | 103,890 | — | 602 | — | — | 104,492 | ||||||||||||||||||
Multi-family | 971,647 | — | 6,105 | — | — | 977,752 | ||||||||||||||||||
Commercial real estate | 566,553 | 1,955 | 28,928 | — | — | 597,436 | ||||||||||||||||||
Commercial & industrial | 333,082 | 13,653 | 44,592 | — | — | 391,327 | ||||||||||||||||||
HELOC | 117,799 | — | 248 | — | — | 118,047 | ||||||||||||||||||
Consumer | 126,929 | — | — | — | — | 126,929 | ||||||||||||||||||
8,308,732 | 17,965 | 211,505 | — | — | 8,538,202 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 11,163 | — | — | — | — | 11,163 | ||||||||||||||||||
Land - acquisition & development | 479 | — | 393 | — | — | 872 | ||||||||||||||||||
Land - consumer lot loans | 2,496 | — | — | — | — | 2,496 | ||||||||||||||||||
Multi-family | 2,954 | — | — | — | — | 2,954 | ||||||||||||||||||
Commercial real estate | 83,991 | 742 | 7,400 | — | — | 92,133 | ||||||||||||||||||
Commercial & industrial | 45,643 | 13,001 | 171 | 21 | — | 58,836 | ||||||||||||||||||
HELOC | 7,749 | — | — | — | — | 7,749 | ||||||||||||||||||
Consumer | 4,369 | — | — | — | — | 4,369 | ||||||||||||||||||
158,844 | 13,743 | 7,964 | 21 | — | 180,572 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,244 | — | 289 | — | — | 1,533 | ||||||||||||||||||
Pool 2 - Single-family residential | 323 | — | — | — | — | 323 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 9,256 | — | — | — | — | 9,256 | ||||||||||||||||||
Pool 5 - Commercial real estate | 48,716 | — | 11,571 | — | — | 60,287 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 452 | 2,803 | — | — | — | 3,255 | ||||||||||||||||||
Total credit impaired acquired loans | 59,991 | 2,803 | 11,860 | — | — | 74,654 | ||||||||||||||||||
Total gross loans | $ | 8,527,567 | $ | 34,511 | $ | 231,329 | $ | 21 | $ | — | $ | 8,793,428 | ||||||||||||
Total grade as a % of total gross loans | 97 | % | 0.4 | % | 2.6 | % | — | % | — | % | ||||||||||||||
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 | ||||||||||||||||||
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 | 1,375 | 58 | — | 51,386 | ||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | ||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | ||||||||||||||||||
156,954 | 16,213 | 8,130 | 58 | — | 181,355 | |||||||||||||||||||
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 | — | 2,833 | — | — | 3,476 | ||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 15,865 | — | — | 79,340 | ||||||||||||||||||
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 | % | — | % | — | % | ||||||||||||||
Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans): | ||||||||||||||||||||||||
December 31, 2014 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 5,533,792 | 98.7 | % | $ | 74,416 | 1.3 | % | ||||||||||||||||
Construction - speculative | 151,121 | 99.1 | 1,329 | 0.9 | ||||||||||||||||||||
Construction - custom | 377,561 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 84,000 | 100 | — | — | ||||||||||||||||||||
Land - consumer lot loans | 102,232 | 97.8 | 2,260 | 2.2 | ||||||||||||||||||||
Multi-family | 976,733 | 99.9 | 1,019 | 0.1 | ||||||||||||||||||||
Commercial real estate | 581,466 | 97.3 | 15,970 | 2.7 | ||||||||||||||||||||
Commercial & industrial | 390,655 | 99.8 | 672 | 0.2 | ||||||||||||||||||||
HELOC | 116,593 | 98.8 | 1,454 | 1.2 | ||||||||||||||||||||
Consumer | 125,696 | 99 | 1,233 | 1 | ||||||||||||||||||||
$ | 8,439,849 | 98.8 | % | $ | 98,353 | 1.2 | % | |||||||||||||||||
30-Sep-14 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(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 | % | |||||||||||||||||
The following table provides information on impaired loan balances and the related allowances by loan types as of December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average Recorded Investment | ||||||||||||||||||||
Investment | Principal | Allowance | ||||||||||||||||||||||
Balance | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 24,441 | $ | 26,661 | $ | — | $ | 21,251 | ||||||||||||||||
Construction - speculative | 1,006 | 1,201 | — | 1,040 | ||||||||||||||||||||
Land - acquisition & development | 790 | 2,163 | — | 813 | ||||||||||||||||||||
Land - consumer lot loans | 1,689 | 1,787 | — | 1,268 | ||||||||||||||||||||
Multi-family | 1,255 | 1,255 | — | 1,068 | ||||||||||||||||||||
Commercial real estate | 27,233 | 33,352 | — | 26,902 | ||||||||||||||||||||
Commercial & industrial | 4,429 | 16,320 | — | 3,812 | ||||||||||||||||||||
HELOC | 1,163 | 1,948 | — | 1,075 | ||||||||||||||||||||
Consumer | 651 | 836 | — | 647 | ||||||||||||||||||||
62,657 | 85,523 | — | 57,876 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 304,029 | 309,207 | 9,964 | 304,359 | ||||||||||||||||||||
Construction - speculative | 6,317 | 7,182 | — | 6,506 | ||||||||||||||||||||
Land - acquisition & development | 4,238 | 5,178 | — | 4,467 | ||||||||||||||||||||
Land - consumer lot loans | 12,231 | 12,614 | — | 12,446 | ||||||||||||||||||||
Multi-family | 3,492 | 3,492 | — | 3,828 | ||||||||||||||||||||
Commercial real estate | 18,028 | 18,896 | — | 18,072 | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,486 | ||||||||||||||||||||
Consumer | 126 | 297 | — | 85 | ||||||||||||||||||||
349,947 | 358,352 | 9,964 | -1 | 351,249 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 328,470 | 335,868 | 9,964 | 325,610 | ||||||||||||||||||||
Construction - speculative | 7,323 | 8,383 | — | 7,546 | ||||||||||||||||||||
Land - acquisition & development | 5,028 | 7,341 | — | 5,280 | ||||||||||||||||||||
Land - consumer lot loans | 13,920 | 14,401 | — | 13,714 | ||||||||||||||||||||
Multi-family | 4,747 | 4,747 | — | 4,896 | ||||||||||||||||||||
Commercial real estate | 45,261 | 52,248 | — | 44,974 | ||||||||||||||||||||
Commercial & industrial | 4,429 | 16,320 | — | 3,812 | ||||||||||||||||||||
HELOC | 2,649 | 3,434 | — | 2,561 | ||||||||||||||||||||
Consumer | 777 | 1,133 | — | 732 | ||||||||||||||||||||
$ | 412,604 | $ | 443,875 | $ | 9,964 | -1 | $ | 409,125 | ||||||||||||||||
(1)Included in the general reserves. | ||||||||||||||||||||||||
30-Sep-14 | 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 | ||||||||||||||||||||
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 | ||||||||||||||||||||
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 | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,204 | ||||||||||||||||||||
Consumer | 43 | 214 | — | 79 | ||||||||||||||||||||
388,505 | 397,067 | 10,587 | -1 | 365,664 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 346,364 | 354,497 | 10,527 | 333,191 | ||||||||||||||||||||
Construction - speculative | 9,159 | 10,159 | 60 | 9,336 | ||||||||||||||||||||
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 | -1 | $ | 403,138 | ||||||||||||||||
-1 | Includes $60,000 of specific reserves and $10,527,000 included in the general reserves. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 3 Months Ended |
Dec. 31, 2014 | |
New Accounting Pronouncements [Abstract] | |
New Accounting Pronouncements | New Accounting Pronouncements |
In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 amendments in this update will be effective for the first interim or annual period beginning after December 31, 2014, with the exception of the collateral disclosures which will be effective for interim periods beginning after March 15, 2015. Early application is not permitted. The Company does not expect this guidance to have a material impact on its 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 does not apply to financial instruments. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2016. The Company does not expect the new guidance to have a material impact on its 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. This new guidance clarifies that if an in substance repossession or foreclosure occurs, 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. ASU 2014-04 is effective for annual and interim reporting periods within those annual periods, beginning after December 15, 2014. Adoption of the new guidance is not expected to have a significant impact on the Company’s consolidated financial statements. |
Fair_Value_Measurements
Fair Value Measurements | 3 Months Ended | |||||||||||||||||||||||
Dec. 31, 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. Most 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. Securities that are traded on active exchanges are considered a Level 1 input method. | ||||||||||||||||||||||||
The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||
Fair Value at December 31, 2014 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | $ | 101,636 | $ | — | $ | — | $ | 101,636 | ||||||||||||||||
Obligations of U.S. government | — | 620,018 | — | 620,018 | ||||||||||||||||||||
Obligations of states and political subdivisions | — | 24,068 | — | 24,068 | ||||||||||||||||||||
Corporate debt securities | — | 527,938 | — | 527,938 | ||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | — | 1,527,810 | — | 1,527,810 | ||||||||||||||||||||
Other commercial MBS | — | 93,586 | — | 93,586 | ||||||||||||||||||||
Balance at end of period | $ | 101,636 | $ | 2,793,420 | $ | — | $ | 2,895,056 | ||||||||||||||||
There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended December 31, 2014. | ||||||||||||||||||||||||
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 | ||||||||||||||||||||
Corporate debt securities | — | 509,007 | — | 509,007 | ||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | — | 1,584,508 | — | 1,584,508 | ||||||||||||||||||||
Other commercial MBS | — | 98,916 | — | 98,916 | ||||||||||||||||||||
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 quarter ended September 30, 2014. | ||||||||||||||||||||||||
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 are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. | ||||||||||||||||||||||||
Real estate held for sale consists principally of properties acquired through foreclosure. From time to time, and on a nonrecurring basis, fair value adjustments are recorded to reflect write-downs or write-ups, but only up to the fair value of the real estate owned as of the initial transfer date, of principal balances based on the current appraised or estimated value of the collateral. | ||||||||||||||||||||||||
When management determines that the fair value of the loan 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 December 31, 2014 included loans for which a partial charge-off was recorded based on the fair value of collateral, as well as covered REO and real estate held for sale for which fair value of the properties was less than the cost basis. | ||||||||||||||||||||||||
The following tables present the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the three months ended December 31, 2014 and December 31, 2013, and the total losses (gains) resulting from those fair value adjustments for the quarters ended December 31, 2014 and December 31, 2013. These estimated fair values are shown gross of estimated selling costs. | ||||||||||||||||||||||||
Through December 31, 2014 | Quarter | |||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses (Gains) | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 146 | $ | 146 | $ | 64 | ||||||||||||||
Covered REO (1) | — | — | 1,041 | 1,041 | 75 | |||||||||||||||||||
Real estate held for sale (2) | — | — | 36,901 | 36,901 | (8,312 | ) | ||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 38,088 | $ | 38,088 | $ | (8,173 | ) | |||||||||||||
-1 | The losses represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The gains in this period include a one-time correction of $8.2 million (see Note A for description). | |||||||||||||||||||||||
Through December 31, 2013 | Quarter | |||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses (Gains) | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 5,580 | $ | 5,580 | $ | (805 | ) | |||||||||||||
Covered REO (2) | — | — | 1,286 | 1,286 | 65 | |||||||||||||||||||
Real estate held for sale (2) | — | — | 10,342 | 10,342 | 3,725 | |||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 17,208 | $ | 17,208 | $ | 2,985 | ||||||||||||||
-1 | The gains 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 December 31, 2014 or December 31, 2013. | ||||||||||||||||||||||||
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 probable loan & lease losses process. Applicable loans that were 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") - 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 appraisals or third-party price opinions, which is used to establish the fair value of the underlying collateral. The determined fair value, less selling costs, becomes the carrying value of the REO asset. The following method is used to value real estate held for sale: | ||||||||||||||||||||||||
• | 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. After foreclosure, valuations are updated periodically and current market conditions may require the assets to be written down further or up to the cost basis established on the date of transfer. The carrying balance of REO assets are also written down or up once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement, where the accepted price is lower than the cost basis established on the transfer date. | |||||||||||||||||||||||
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 below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below. | ||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | |||||||||||||||||||||||
Level in Fair Value Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial assets | ||||||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 542,769 | $ | 542,769 | $ | 781,843 | $ | 781,843 | |||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | 1 | 101,636 | 101,636 | 101,387 | 101,387 | |||||||||||||||||||
Obligations of U.S. government | 2 | 620,018 | 620,018 | 731,943 | 731,943 | |||||||||||||||||||
Obligations of states and political subdivisions | 2 | 24,068 | 24,068 | 23,681 | 23,681 | |||||||||||||||||||
Corporate debt securities | 2 | 527,938 | 527,938 | 509,007 | 509,007 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,527,810 | 1,527,810 | 1,584,508 | 1,584,508 | |||||||||||||||||||
Other commercial MBS | 2 | 93,586 | 93,586 | 98,916 | 98,916 | |||||||||||||||||||
Total available-for-sale securities | 2,895,056 | 2,895,056 | 3,049,442 | 3,049,442 | ||||||||||||||||||||
Held-to-maturity securities | ||||||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | |||||||||||||||||||
Total held-to-maturity securities | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | ||||||||||||||||||||
Loans receivable, net | 3 | 8,253,917 | 8,816,245 | 8,148,322 | 8,667,771 | |||||||||||||||||||
Covered loans, net | 3 | 161,478 | 167,129 | 176,476 | 176,761 | |||||||||||||||||||
FDIC indemnification asset | 3 | 30,356 | 29,559 | 36,860 | 35,976 | |||||||||||||||||||
FHLB and FRB stock | 2 | 154,870 | 154,870 | 158,839 | 158,839 | |||||||||||||||||||
Financial liabilities | ||||||||||||||||||||||||
Customer accounts | 2 | 10,578,853 | 9,936,221 | 10,716,928 | 9,946,586 | |||||||||||||||||||
FHLB advances | 2 | 1,830,000 | 1,953,751 | 1,930,000 | 2,054,437 | |||||||||||||||||||
Off balance sheet - interest rate swaps | 2 | — | (4,517 | ) | — | (170 | ) | |||||||||||||||||
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 primarily 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. Equity securities which are exchange traded 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 and FRB stock – The fair value is based upon the par 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. | ||||||||||||||||||||||||
The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||
December 31, 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 | $ | 120,467 | $ | 2,396 | $ | (426 | ) | $ | 122,437 | 1.47 | ||||||||||||||
5 to 10 years | 153,525 | 64 | (5 | ) | 153,584 | 1.12 | ||||||||||||||||||
Over 10 years | 344,088 | 336 | (427 | ) | 343,997 | 1.26 | ||||||||||||||||||
Equity Securities | ||||||||||||||||||||||||
Within 1 year | 500 | 16 | — | 516 | 1.8 | |||||||||||||||||||
1 to 5 years | 100,000 | 1,120 | — | 101,120 | 1.9 | |||||||||||||||||||
5 to 10 years | — | — | — | — | — | |||||||||||||||||||
Corporate bonds due | ||||||||||||||||||||||||
Within 1 year | 15,000 | 67 | — | 15,067 | 1 | |||||||||||||||||||
1 to 5 years | 302,627 | 1,524 | (6 | ) | 304,145 | 0.71 | ||||||||||||||||||
5 to 10 years | 158,236 | 1,787 | (1,297 | ) | 158,726 | 1.42 | ||||||||||||||||||
Over 10 years | 50,000 | — | — | 50,000 | 3 | |||||||||||||||||||
Municipal bonds due | ||||||||||||||||||||||||
Over 10 years | 20,397 | 3,671 | — | 24,068 | 6.45 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,495,114 | 34,386 | (1,690 | ) | 1,527,810 | 2.57 | ||||||||||||||||||
Other commercial MBS | 93,533 | 53 | — | 93,586 | 1.51 | |||||||||||||||||||
2,853,487 | 45,420 | (3,851 | ) | 2,895,056 | 1.99 | |||||||||||||||||||
Held-to-maturity securities | ||||||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,516,219 | 9,084 | (21,522 | ) | 1,503,781 | 3.13 | ||||||||||||||||||
$ | 4,369,706 | $ | 54,504 | $ | (25,373 | ) | $ | 4,398,837 | 2.39 | % | ||||||||||||||
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 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | ||||||||||||||||||
$ | 4,564,697 | $ | 42,128 | $ | (58,165 | ) | $ | 4,548,660 | 2.38 | % | ||||||||||||||
During the quarter ended December 31, 2014, there were no available-for-sale securities sold. There were no available-for-sale securities sold during the quarter ended December 31, 2013. Substantially all agency mortgage-backed securities have contractual due dates that exceed 10 years. | ||||||||||||||||||||||||
The following tables show the unrealized gross losses and fair value of securities at December 31, 2014 and September 30, 2014, by length of time that individual securities in each category have been in a continuous loss position. The decline in fair value is attributable to changes in interest rates. Because the Company does not intend to sell these securities and does not consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other than temporarily impaired. | ||||||||||||||||||||||||
31-Dec-14 | 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 due | $ | (406 | ) | $ | 72,688 | $ | (897 | ) | $ | 24,104 | $ | (1,303 | ) | $ | 96,792 | |||||||||
U.S. government and agency securities due | (422 | ) | 246,045 | (436 | ) | 99,564 | (858 | ) | 345,609 | |||||||||||||||
Agency pass-through certificates | (421 | ) | 62,689 | (22,791 | ) | 1,332,778 | (23,212 | ) | 1,395,467 | |||||||||||||||
$ | (1,249 | ) | $ | 381,422 | $ | (24,124 | ) | $ | 1,456,446 | $ | (25,373 | ) | $ | 1,837,868 | ||||||||||
30-Sep-14 | 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 due | $ | (125 | ) | $ | 24,875 | $ | (845 | ) | $ | 24,155 | $ | (970 | ) | $ | 49,030 | |||||||||
U.S. government and agency securities due | (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 | ||||||||||
Covered_Assets
Covered Assets | 3 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 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 $180,883,000 as of December 31, 2014, versus $200,558,000 as of September 30, 2014. | |||||||||||||||||||||||||||
Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2014 and the fiscal year ended September 30, 2014 were as follows: | |||||||||||||||||||||||||||
December 31, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | |||||||||||||||||||
Accretion | (4,509 | ) | 4,509 | (1,909 | ) | 1,909 | |||||||||||||||||||||
Transfers to REO | — | (51 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (4,025 | ) | — | (16,942 | ) | |||||||||||||||||||||
Balance at end of period | $ | 60,025 | $ | 78,488 | $ | 8,350 | $ | 83,389 | |||||||||||||||||||
September 30, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of period | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | |||||||||||||||||||
Reclassification from nonaccretable balance, net | 10,186 | (2,069 | ) | — | — | ||||||||||||||||||||||
Accretion | (23,929 | ) | 23,929 | (7,004 | ) | 7,004 | |||||||||||||||||||||
Transfers to REO | — | (8,943 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (72,953 | ) | — | (66,438 | ) | |||||||||||||||||||||
Balance at end of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | |||||||||||||||||||
At December 31, 2014, 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 loan pools. | |||||||||||||||||||||||||||
The outstanding principal balance of acquired loans was $192,637,000 and $213,203,000 as of December 31, 2014 and September 30, 2014, respectively. The discount balance related to the acquired loans was $28,916,000 and $34,483,000 as of December 31, 2014 and September 30, 2014, respectively. | |||||||||||||||||||||||||||
The following table shows the year to date activity for the FDIC indemnification asset: | |||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of fiscal year 2014 and 2013 | $ | 36,860 | $ | 64,615 | |||||||||||||||||||||||
Additions | — | 1,795 | |||||||||||||||||||||||||
Payments made (received) | 430 | (2,502 | ) | ||||||||||||||||||||||||
Amortization | (7,074 | ) | (27,850 | ) | |||||||||||||||||||||||
Accretion | 140 | 802 | |||||||||||||||||||||||||
Balance at end of period | $ | 30,356 | $ | 36,860 | |||||||||||||||||||||||
The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||||||
December 31, 2014 | Internally Assigned Grade | Total | |||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Net Loans | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Purchased non credit-impaired loans: | |||||||||||||||||||||||||||
Single-family residential | $ | 20,664 | $ | — | $ | 1,212 | $ | — | $ | — | $ | 21,876 | |||||||||||||||
Land - acquisition & development | 353 | — | 36 | — | — | 389 | |||||||||||||||||||||
Land - consumer lot loans | 73 | — | — | — | — | 73 | |||||||||||||||||||||
Multi-family | 4,250 | — | — | — | — | 4,250 | |||||||||||||||||||||
Commercial real estate | 25,317 | — | 14,810 | — | — | 40,127 | |||||||||||||||||||||
Commercial & industrial | 2,476 | — | 2,635 | — | — | 5,111 | |||||||||||||||||||||
HELOC | 11,226 | — | — | — | — | 11,226 | |||||||||||||||||||||
Consumer | 393 | — | — | — | — | 393 | |||||||||||||||||||||
64,752 | — | 18,693 | — | — | 83,445 | ||||||||||||||||||||||
Total grade as a % of total net loans | 77.6 | % | — | % | 22.4 | % | — | % | — | % | |||||||||||||||||
Purchased credit-impaired loans: | |||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 7,128 | — | 12,142 | — | — | 19,270 | |||||||||||||||||||||
Pool 2 - Single-family residential | 15,061 | — | 324 | — | — | 15,385 | |||||||||||||||||||||
Pool 3 - Multi-family | 51 | — | 440 | — | — | 491 | |||||||||||||||||||||
Pool 4 - HELOC & other consumer | 2,772 | — | 1,167 | — | — | 3,939 | |||||||||||||||||||||
Pool 5 - Commercial real estate | 33,543 | 692 | 28,437 | — | — | 62,672 | |||||||||||||||||||||
Pool 6 - Commercial & industrial | 3,125 | — | 3,793 | 517 | — | 7,435 | |||||||||||||||||||||
$ | 61,680 | $ | 692 | $ | 46,303 | $ | 517 | $ | — | 109,192 | |||||||||||||||||
Total covered loans | 192,637 | ||||||||||||||||||||||||||
Discount | (28,916 | ) | |||||||||||||||||||||||||
Allowance | (2,243 | ) | |||||||||||||||||||||||||
Covered loans, net | $ | 161,478 | |||||||||||||||||||||||||
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 | |||||||||||||||
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 tables provide an analysis of the age of purchased non credit-impaired loans in past due status as of December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||||||
December 31, 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 | $ | 21,876 | $ | 21,306 | $ | 27 | $ | 201 | $ | 342 | $ | 570 | 2.61 | % | |||||||||||||
Land - Acquisition & Development | 389 | 353 | — | — | 36 | 36 | 9.25 | ||||||||||||||||||||
Land - Consumer Lot Loans | 73 | 73 | — | — | — | — | — | ||||||||||||||||||||
Multi-Family | 4,250 | 4,250 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 40,127 | 40,127 | — | — | — | — | — | ||||||||||||||||||||
Commercial & Industrial | 5,111 | 5,111 | — | — | — | — | — | ||||||||||||||||||||
HELOC | 11,226 | 11,197 | 29 | — | — | 29 | 0.26 | ||||||||||||||||||||
Consumer | 393 | 390 | — | 3 | — | 3 | 0.76 | ||||||||||||||||||||
$ | 83,445 | $ | 82,807 | $ | 56 | $ | 204 | $ | 378 | $ | 638 | 0.76 | % | ||||||||||||||
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 | % | |||||||||||||
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 | % | ||||||||||||||
Derivatives_and_Hedging_Activi
Derivatives and Hedging Activities | 3 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||
Derivatives and Hedging Activities | Derivatives and Hedging Activities | ||||||||||||||||||||||||
The Bank periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rate payments, while the bank retains a variable rate loan. Under these agreements, the Bank enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Bank then enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under ASC 815, the Derivatives and Hedging topic, the instruments are marked to market in earnings. | |||||||||||||||||||||||||
The notional amount of open interest rate swap agreements at December 31, 2014 was $291,896,000 compared to $264,169,000 as of September 30, 2014. There was no impact to the statement of operations for the three months ended December 31, 2014 as the asset and liability side of the swaps offset each other. The fee income related to swaps was $196,000 for the Quarter Ended December 31, 2014. | |||||||||||||||||||||||||
Additionally, the Bank had $200,000,000 in forward starting interest rate swaps to hedge future borrowing rates. Their impact on accumulated other comprehensive income as of December 31, 2014 was an after-tax loss of $2,857,000. | |||||||||||||||||||||||||
The following table presents the fair value and balance sheet classification of derivatives at December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||
Location | Fair Value | Location | Fair Value | Location | Fair Value | Location | Fair Value | ||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Interest rate contracts | Other assets | $ | 5,626 | Other assets | $ | 2,879 | Other liabilities | $ | 5,626 | Other liabilities | $ | 2,879 | |||||||||||||
Long term borrowing hedge | Other assets | — | Other assets | — | Other liabilities | 4,517 | Other liabilities | — | |||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Basis of Accounting | Basis of Presentation - The unaudited interim financial statements included in this report have been prepared by Washington Federal. All intercompany transactions and accounts have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. In the opinion of management, all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation are reflected in the interim financial statements. The September 30, 2014 Consolidated Statement of Financial Condition was derived from audited financial statements. |
The information included in this Form 10-Q should be read in conjunction with the financial statements and related notes in the Company’s 2014 Annual Report on Form 10-K (“2014 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year. | |
Off-Balance-Sheet Credit Exposures | The Company estimates losses on off-balance-sheet credit exposures by allocating a loss percentage derived from historical loss factors for each asset class. |
New Accounting Pronouncements | In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 amendments in this update will be effective for the first interim or annual period beginning after December 31, 2014, with the exception of the collateral disclosures which will be effective for interim periods beginning after March 15, 2015. Early application is not permitted. The Company does not expect this guidance to have a material impact on its 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 does not apply to financial instruments. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2016. The Company does not expect the new guidance to have a material impact on its 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. This new guidance clarifies that if an in substance repossession or foreclosure occurs, 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. ASU 2014-04 is effective for annual and interim reporting periods within those annual periods, beginning after December 15, 2014. Adoption of the new guidance is not expected to have a significant impact on the Company’s consolidated financial statements. |
Acquisitions_Tables
Acquisitions (Tables) | 3 Months Ended | ||||
Dec. 31, 2014 | |||||
Business Combinations [Abstract] | |||||
Schedule of Business Acquisitions, by Acquisition | The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed: | ||||
Adjusted Fair Value Recorded by | |||||
Washington Federal | |||||
(In thousands) | |||||
Assets: | |||||
Cash | $ | 1,776,660 | |||
Available for sale securities | — | ||||
FHLB stock | — | ||||
Loans receivable, net | 12,881 | ||||
Covered loans receivable, net | — | ||||
FDIC indemnification asset | — | ||||
Property and equipment, net | 25,097 | ||||
Core deposit intangible | 11,040 | ||||
Real estate held for sale | — | ||||
Covered real estate held for sale | — | ||||
Goodwill | 31,225 | ||||
Other assets | 70 | ||||
Total Assets | 1,856,973 | ||||
Liabilities: | |||||
Customer accounts | 1,853,798 | ||||
FHLB advances | — | ||||
Other liabilities | 3,175 | ||||
Total Liabilities | 1,856,973 | ||||
Net assets acquired | $ | — | |||
Loans_Receivable_excluding_Cov1
Loans Receivable (excluding Covered Loans) (Tables) | 3 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||
Schedule of Loans Receivable (excluding Covered Loans) | |||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Non-acquired loans | |||||||||||||||||||||||||||
Single-family residential | $ | 5,608,208 | 63.9 | % | $ | 5,560,203 | 64.1 | % | |||||||||||||||||||
Construction - speculative | 152,450 | 1.7 | 140,060 | 1.6 | |||||||||||||||||||||||
Construction - custom | 377,561 | 4.3 | 385,824 | 4.5 | |||||||||||||||||||||||
Land - acquisition & development | 84,000 | 1 | 77,832 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 104,492 | 1.2 | 108,623 | 1.3 | |||||||||||||||||||||||
Multi-family | 977,752 | 11.2 | 917,286 | 10.6 | |||||||||||||||||||||||
Commercial real estate | 597,436 | 6.8 | 591,336 | 6.9 | |||||||||||||||||||||||
Commercial & industrial | 391,327 | 4.5 | 379,226 | 4.4 | |||||||||||||||||||||||
HELOC | 118,047 | 1.3 | 116,042 | 1.4 | |||||||||||||||||||||||
Consumer | 126,929 | 1.4 | 132,590 | 1.5 | |||||||||||||||||||||||
Total non-acquired loans | 8,538,202 | 97.3 | 8,409,022 | 97.2 | |||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||
Single-family residential | 11,163 | 0.1 | 11,716 | 0.1 | |||||||||||||||||||||||
Land - acquisition & development | 872 | — | 905 | — | |||||||||||||||||||||||
Land - consumer lot loans | 2,496 | — | 2,507 | — | |||||||||||||||||||||||
Multi-family | 2,954 | — | 2,999 | — | |||||||||||||||||||||||
Commercial real estate | 92,133 | 1 | 97,898 | 1.1 | |||||||||||||||||||||||
Commercial & industrial | 58,836 | 0.7 | 51,386 | 0.6 | |||||||||||||||||||||||
HELOC | 7,749 | 0.1 | 8,274 | 0.1 | |||||||||||||||||||||||
Consumer | 4,369 | — | 5,670 | 0.1 | |||||||||||||||||||||||
Total acquired loans | 180,572 | 1.9 | 181,355 | 2 | |||||||||||||||||||||||
Credit-impaired acquired loans | |||||||||||||||||||||||||||
Single-family residential | 323 | — | 325 | — | |||||||||||||||||||||||
Land - acquisition & development | 1,533 | — | 1,622 | — | |||||||||||||||||||||||
Commercial real estate | 60,287 | 0.7 | 63,723 | 0.7 | |||||||||||||||||||||||
Commercial & industrial | 3,255 | — | 3,476 | — | |||||||||||||||||||||||
HELOC | 9,202 | 0.1 | 10,139 | 0.1 | |||||||||||||||||||||||
Consumer | 54 | — | 55 | — | |||||||||||||||||||||||
Total credit-impaired acquired loans | 74,654 | 0.8 | 79,340 | 0.8 | |||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||
Single-family residential | 5,619,694 | 64 | 5,572,244 | 64.2 | |||||||||||||||||||||||
Construction - speculative | 152,450 | 1.7 | 140,060 | 1.6 | |||||||||||||||||||||||
Construction - custom | 377,561 | 4.3 | 385,824 | 4.5 | |||||||||||||||||||||||
Land - acquisition & development | 86,405 | 1 | 80,359 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 106,988 | 1.2 | 111,130 | 1.3 | |||||||||||||||||||||||
Multi-family | 980,706 | 11.2 | 920,285 | 10.6 | |||||||||||||||||||||||
Commercial real estate | 749,856 | 8.5 | 752,957 | 8.7 | |||||||||||||||||||||||
Commercial & industrial | 453,418 | 5.2 | 434,088 | 5 | |||||||||||||||||||||||
HELOC | 134,998 | 1.5 | 134,455 | 1.6 | |||||||||||||||||||||||
Consumer | 131,352 | 1.4 | 138,315 | 1.6 | |||||||||||||||||||||||
Total loans | 8,793,428 | 100 | % | 8,669,717 | 100 | % | |||||||||||||||||||||
Less: | |||||||||||||||||||||||||||
Allowance for probable losses | 108,700 | 112,347 | |||||||||||||||||||||||||
Loans in process | 370,655 | 346,172 | |||||||||||||||||||||||||
Discount on acquired loans | 22,535 | 25,391 | |||||||||||||||||||||||||
Deferred net origination fees | 37,621 | 37,485 | |||||||||||||||||||||||||
539,511 | 521,395 | ||||||||||||||||||||||||||
$ | 8,253,917 | $ | 8,148,322 | ||||||||||||||||||||||||
Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans | Changes in the carrying amount and accretable yield for acquired credit impaired and non-impaired loans for the three months ended December 31, 2014 and the fiscal year ended September 30, 2014 were as follows: | ||||||||||||||||||||||||||
December 31, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance as of beginning of period | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | |||||||||||||||||||
Accretion | (2,970 | ) | 2,970 | (1,424 | ) | 1,424 | |||||||||||||||||||||
Payments received, net | — | (6,455 | ) | — | (1,193 | ) | |||||||||||||||||||||
Balance as of end of period | $ | 29,621 | $ | 54,286 | $ | 2,830 | $ | 177,671 | |||||||||||||||||||
September 30, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance as of beginning of period | $ | 37,236 | $ | 69,718 | $ | 4,977 | $ | 245,373 | |||||||||||||||||||
Reclassification from nonaccretable balance, net (1) | 7,300 | — | — | — | |||||||||||||||||||||||
Accretion | (11,945 | ) | 11,945 | (723 | ) | 723 | |||||||||||||||||||||
Transfers to REO | — | (1,188 | ) | — | (4,710 | ) | |||||||||||||||||||||
Payments received, net | — | (22,704 | ) | — | (63,946 | ) | |||||||||||||||||||||
Balance as of end of period | $ | 32,591 | $ | 57,771 | $ | 4,254 | $ | 177,440 | |||||||||||||||||||
(1) reclassification due to improvements in expected cash flows of the underlying loans. | |||||||||||||||||||||||||||
Summary of Information Regarding Non-Accrual Loans | The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated: | ||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Non-accrual loans: | |||||||||||||||||||||||||||
Single-family residential | $ | 74,416 | 75.6 | % | $ | 74,067 | 84.8 | % | |||||||||||||||||||
Construction - speculative | 1,329 | 1.4 | 1,477 | 1.7 | |||||||||||||||||||||||
Land - acquisition & development | — | — | 811 | 0.9 | |||||||||||||||||||||||
Land - consumer lot loans | 2,260 | 2.3 | 2,637 | 3 | |||||||||||||||||||||||
Multi-family | 1,019 | 1 | 1,742 | 2 | |||||||||||||||||||||||
Commercial real estate | 15,970 | 16.2 | 5,106 | 5.8 | |||||||||||||||||||||||
Commercial & industrial | 672 | 0.7 | 7 | — | |||||||||||||||||||||||
HELOC | 1,454 | 1.5 | 795 | 0.9 | |||||||||||||||||||||||
Consumer | 1,233 | 1.3 | 789 | 0.9 | |||||||||||||||||||||||
Total non-accrual loans | $ | 98,353 | 100 | % | $ | 87,431 | 100 | % | |||||||||||||||||||
Analysis of Age of Loans in Past Due Status | The following tables provide an analysis of the age of loans in past due status as of December 31, 2014 and September 30, 2014, respectively. | ||||||||||||||||||||||||||
31-Dec-14 | 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 | $ | 5,605,917 | $ | 5,518,834 | $ | 17,503 | $ | 7,804 | $ | 61,776 | $ | 87,083 | 1.55 | % | |||||||||||||
Construction - Speculative | 95,367 | 95,199 | 168 | — | — | 168 | 0.18 | ||||||||||||||||||||
Construction - Custom | 191,787 | 191,670 | 114 | 3 | — | 117 | 0.06 | ||||||||||||||||||||
Land - Acquisition & Development | 70,347 | 68,008 | 2,339 | — | — | 2,339 | 3.32 | ||||||||||||||||||||
Land - Consumer Lot Loans | 104,444 | 100,639 | 596 | 368 | 2,841 | 3,805 | 3.64 | ||||||||||||||||||||
Multi-Family | 906,295 | 905,532 | — | — | 763 | 763 | 0.08 | ||||||||||||||||||||
Commercial Real Estate | 559,808 | 541,939 | 2,607 | — | 15,262 | 17,869 | 3.19 | ||||||||||||||||||||
Commercial & Industrial | 388,588 | 387,149 | 339 | — | 1,100 | 1,439 | 0.37 | ||||||||||||||||||||
HELOC | 118,143 | 117,362 | 162 | 58 | 561 | 781 | 0.66 | ||||||||||||||||||||
Consumer | 126,929 | 125,745 | 756 | 230 | 198 | 1,184 | 0.93 | ||||||||||||||||||||
Total non-acquired loans | 8,167,625 | 8,052,077 | 24,584 | 8,463 | 82,501 | 115,548 | 1.41 | % | |||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||
Single-Family Residential | 11,164 | 10,907 | 232 | — | 25 | 257 | 2.3 | % | |||||||||||||||||||
Land - Acquisition & Development | 872 | 872 | — | — | — | — | — | ||||||||||||||||||||
Land - Consumer Lot Loans | 2,495 | 1,686 | 560 | — | 249 | 809 | — | ||||||||||||||||||||
Multi-Family | 2,954 | 2,954 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 92,066 | 91,211 | — | 97 | 758 | 855 | 0.93 | ||||||||||||||||||||
Commercial & Industrial | 58,832 | 58,733 | — | — | 99 | 99 | 0.17 | ||||||||||||||||||||
HELOC | 7,749 | 7,290 | 241 | — | 218 | 459 | 5.92 | ||||||||||||||||||||
Consumer | 4,369 | 3,301 | 412 | — | 656 | 1,068 | 24.44 | ||||||||||||||||||||
Total acquired loans | 180,501 | 176,954 | 1,445 | 97 | 2,005 | 3,547 | 1.97 | % | |||||||||||||||||||
Credit-impaired acquired loans | |||||||||||||||||||||||||||
Single-Family Residential | 323 | 323 | — | — | — | — | — | % | |||||||||||||||||||
Land - Acquisition & Development | 1,533 | 1,533 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 60,280 | 56,301 | 2,064 | 430 | 1,485 | 3,979 | 6.6 | ||||||||||||||||||||
Commercial & Industrial | 3,255 | 3,255 | — | — | — | — | — | ||||||||||||||||||||
HELOC | 9,201 | 8,799 | — | — | 402 | 402 | 4.37 | ||||||||||||||||||||
Consumer | 54 | 54 | — | — | — | — | — | ||||||||||||||||||||
Total credit-impaired acquired loans | 74,646 | 70,265 | 2,064 | 430 | 1,887 | 4,381 | 5.87 | % | |||||||||||||||||||
Total loans | $ | 8,422,772 | $ | 8,299,296 | $ | 28,093 | $ | 8,990 | $ | 86,393 | $ | 123,476 | 1.47 | % | |||||||||||||
30-Sep-14 | 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) | |||||||||||||||||||||||||||
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 | ||||||||||||||||||||
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 | — | — | — | — | — | % | |||||||||||||||||||
Land - Acquisition & Development | 1,581 | 1,581 | — | — | — | — | — | ||||||||||||||||||||
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 Impaired Loans, Loan Commitments and Loans Serviced | The following tables provide information related to loans that were restructured during the periods indicated: | ||||||||||||||||||||||||||
Quarter Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||
Pre-Modification | Post-Modification | Pre-Modification | Post-Modification | ||||||||||||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | ||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Recorded | Recorded | ||||||||||||||||||||||
Contracts | Investment | Investment | Contracts | Investment | Investment | ||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||||
Single-Family Residential | 35 | $ | 9,600 | $ | 9,600 | 113 | $ | 23,607 | $ | 23,607 | |||||||||||||||||
Construction - Speculative | 2 | 718 | 718 | — | — | — | |||||||||||||||||||||
Land - Consumer Lot Loans | 2 | 532 | 532 | 5 | 1,098 | 1,098 | |||||||||||||||||||||
Multi-Family | — | — | — | 2 | 1,213 | 1,213 | |||||||||||||||||||||
Commercial Real Estate | — | — | — | 1 | 810 | 810 | |||||||||||||||||||||
HELOC | — | — | — | 1 | 261 | 261 | |||||||||||||||||||||
Consumer | 1 | 85 | 85 | 2 | 39 | 39 | |||||||||||||||||||||
40 | $ | 10,935 | $ | 10,935 | 124 | $ | 27,028 | $ | 27,028 | ||||||||||||||||||
Schedule of Loan Modifications | The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default: | ||||||||||||||||||||||||||
Quarter Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||
Contracts | Investment | Contracts | Investment | ||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||
Troubled Debt Restructurings That Subsequently Defaulted: | |||||||||||||||||||||||||||
Single-Family Residential | 8 | $ | 1,431 | 24 | $ | 3,624 | |||||||||||||||||||||
Land - Consumer Lot Loans | 3 | 389 | 2 | 166 | |||||||||||||||||||||||
11 | $ | 1,820 | 26 | $ | 3,790 | ||||||||||||||||||||||
Allowance_for_Losses_on_Loans_
Allowance for Losses on Loans (Tables) | 3 Months Ended | |||||||||||||||||||||||
Dec. 31, 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 quarter ended December 31, 2014 and fiscal year ended September 30, 2014: | |||||||||||||||||||||||
Quarter Ended December 31, 2014 | Beginning | Charge-offs | Recoveries | Provision & | Ending | |||||||||||||||||||
Allowance | Transfers | Allowance | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 62,763 | $ | (1,694 | ) | $ | 2,553 | $ | (8,127 | ) | $ | 55,495 | ||||||||||||
Construction - speculative | 6,742 | (388 | ) | — | (903 | ) | 5,451 | |||||||||||||||||
Construction - custom | 1,695 | — | — | (730 | ) | 965 | ||||||||||||||||||
Land - acquisition & development | 5,592 | (38 | ) | 1 | 1,116 | 6,671 | ||||||||||||||||||
Land - consumer lot loans | 3,077 | (35 | ) | — | 71 | 3,113 | ||||||||||||||||||
Multi-family | 4,248 | — | 220 | 32 | 4,500 | |||||||||||||||||||
Commercial real estate | 7,548 | (27 | ) | 28 | (1,677 | ) | 5,872 | |||||||||||||||||
Commercial & industrial | 16,527 | — | 34 | 6,767 | 23,328 | |||||||||||||||||||
HELOC | 928 | — | — | (36 | ) | 892 | ||||||||||||||||||
Consumer | 3,227 | (427 | ) | 615 | (1,002 | ) | 2,413 | |||||||||||||||||
$ | 112,347 | $ | (2,609 | ) | $ | 3,451 | $ | (4,489 | ) | $ | 108,700 | |||||||||||||
Fiscal Year Ended 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 | |||||||||||||
Summary of Loans Collectively and Individually Evaluated for Impairment and Related Allocation of Reserves | The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||
December 31, 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 | $ | 55,495 | $ | 5,542,825 | 1 | % | $ | — | $ | 63,091 | — | % | ||||||||||||
Construction - speculative | 5,451 | 87,711 | 6.2 | — | 7,656 | — | ||||||||||||||||||
Construction - custom | 965 | 191,787 | 0.5 | — | — | — | ||||||||||||||||||
Land - acquisition & development | 6,671 | 66,953 | 10 | — | 3,394 | — | ||||||||||||||||||
Land - consumer lot loans | 3,113 | 91,588 | 3.4 | — | 12,856 | — | ||||||||||||||||||
Multi-family | 4,500 | 901,277 | 0.5 | — | 5,019 | — | ||||||||||||||||||
Commercial real estate | 5,872 | 533,593 | 1.1 | — | 26,217 | — | ||||||||||||||||||
Commercial & industrial | 23,328 | 425,724 | 5.4 | — | — | — | ||||||||||||||||||
HELOC | 892 | 116,544 | 0.8 | — | 1,598 | — | ||||||||||||||||||
Consumer | 2,413 | 126,920 | 1.9 | — | 9 | — | ||||||||||||||||||
$ | 108,700 | $ | 8,084,922 | 1.4 | % | $ | — | $ | 119,840 | — | % | |||||||||||||
-1 | Excludes acquired loans with sufficient discounts and covered loans | |||||||||||||||||||||||
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 sufficient discounts 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 December 31, 2014 and September 30, 2014. | |||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade (excludes covered loans): | ||||||||||||||||||||||||
December 31, 2014 | Internally Assigned Grade | Total | ||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Non-acquired loans | ||||||||||||||||||||||||
Single-family residential | $ | 5,484,864 | $ | 2,357 | $ | 120,987 | $ | — | $ | — | $ | 5,608,208 | ||||||||||||
Construction - speculative | 147,979 | — | 4,471 | — | — | 152,450 | ||||||||||||||||||
Construction - custom | 377,561 | — | — | — | — | 377,561 | ||||||||||||||||||
Land - acquisition & development | 78,428 | — | 5,572 | — | — | 84,000 | ||||||||||||||||||
Land - consumer lot loans | 103,890 | — | 602 | — | — | 104,492 | ||||||||||||||||||
Multi-family | 971,647 | — | 6,105 | — | — | 977,752 | ||||||||||||||||||
Commercial real estate | 566,553 | 1,955 | 28,928 | — | — | 597,436 | ||||||||||||||||||
Commercial & industrial | 333,082 | 13,653 | 44,592 | — | — | 391,327 | ||||||||||||||||||
HELOC | 117,799 | — | 248 | — | — | 118,047 | ||||||||||||||||||
Consumer | 126,929 | — | — | — | — | 126,929 | ||||||||||||||||||
8,308,732 | 17,965 | 211,505 | — | — | 8,538,202 | |||||||||||||||||||
Acquired loans | ||||||||||||||||||||||||
Single-family residential | 11,163 | — | — | — | — | 11,163 | ||||||||||||||||||
Land - acquisition & development | 479 | — | 393 | — | — | 872 | ||||||||||||||||||
Land - consumer lot loans | 2,496 | — | — | — | — | 2,496 | ||||||||||||||||||
Multi-family | 2,954 | — | — | — | — | 2,954 | ||||||||||||||||||
Commercial real estate | 83,991 | 742 | 7,400 | — | — | 92,133 | ||||||||||||||||||
Commercial & industrial | 45,643 | 13,001 | 171 | 21 | — | 58,836 | ||||||||||||||||||
HELOC | 7,749 | — | — | — | — | 7,749 | ||||||||||||||||||
Consumer | 4,369 | — | — | — | — | 4,369 | ||||||||||||||||||
158,844 | 13,743 | 7,964 | 21 | — | 180,572 | |||||||||||||||||||
Credit impaired acquired loans | ||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,244 | — | 289 | — | — | 1,533 | ||||||||||||||||||
Pool 2 - Single-family residential | 323 | — | — | — | — | 323 | ||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | ||||||||||||||||||
Pool 4 - HELOC & other consumer | 9,256 | — | — | — | — | 9,256 | ||||||||||||||||||
Pool 5 - Commercial real estate | 48,716 | — | 11,571 | — | — | 60,287 | ||||||||||||||||||
Pool 6 - Commercial & industrial | 452 | 2,803 | — | — | — | 3,255 | ||||||||||||||||||
Total credit impaired acquired loans | 59,991 | 2,803 | 11,860 | — | — | 74,654 | ||||||||||||||||||
Total gross loans | $ | 8,527,567 | $ | 34,511 | $ | 231,329 | $ | 21 | $ | — | $ | 8,793,428 | ||||||||||||
Total grade as a % of total gross loans | 97 | % | 0.4 | % | 2.6 | % | — | % | — | % | ||||||||||||||
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 | ||||||||||||||||||
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 | 1,375 | 58 | — | 51,386 | ||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | ||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | ||||||||||||||||||
156,954 | 16,213 | 8,130 | 58 | — | 181,355 | |||||||||||||||||||
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 | — | 2,833 | — | — | 3,476 | ||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 15,865 | — | — | 79,340 | ||||||||||||||||||
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 | % | — | % | — | % | ||||||||||||||
Schedule of Credit Risk Profile by Payment Activity | Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans): | |||||||||||||||||||||||
December 31, 2014 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Single-family residential | $ | 5,533,792 | 98.7 | % | $ | 74,416 | 1.3 | % | ||||||||||||||||
Construction - speculative | 151,121 | 99.1 | 1,329 | 0.9 | ||||||||||||||||||||
Construction - custom | 377,561 | 100 | — | — | ||||||||||||||||||||
Land - acquisition & development | 84,000 | 100 | — | — | ||||||||||||||||||||
Land - consumer lot loans | 102,232 | 97.8 | 2,260 | 2.2 | ||||||||||||||||||||
Multi-family | 976,733 | 99.9 | 1,019 | 0.1 | ||||||||||||||||||||
Commercial real estate | 581,466 | 97.3 | 15,970 | 2.7 | ||||||||||||||||||||
Commercial & industrial | 390,655 | 99.8 | 672 | 0.2 | ||||||||||||||||||||
HELOC | 116,593 | 98.8 | 1,454 | 1.2 | ||||||||||||||||||||
Consumer | 125,696 | 99 | 1,233 | 1 | ||||||||||||||||||||
$ | 8,439,849 | 98.8 | % | $ | 98,353 | 1.2 | % | |||||||||||||||||
30-Sep-14 | Performing Loans | Non-Performing Loans | ||||||||||||||||||||||
Amount | % of Total | Amount | % of Total | |||||||||||||||||||||
Gross Loans | Gross Loans | |||||||||||||||||||||||
(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 | % | |||||||||||||||||
Summary of Impaired Loans Based on Type | The following table provides information on impaired loan balances and the related allowances by loan types as of December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||
December 31, 2014 | Recorded | Unpaid | Related | Average Recorded Investment | ||||||||||||||||||||
Investment | Principal | Allowance | ||||||||||||||||||||||
Balance | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||
Single-family residential | $ | 24,441 | $ | 26,661 | $ | — | $ | 21,251 | ||||||||||||||||
Construction - speculative | 1,006 | 1,201 | — | 1,040 | ||||||||||||||||||||
Land - acquisition & development | 790 | 2,163 | — | 813 | ||||||||||||||||||||
Land - consumer lot loans | 1,689 | 1,787 | — | 1,268 | ||||||||||||||||||||
Multi-family | 1,255 | 1,255 | — | 1,068 | ||||||||||||||||||||
Commercial real estate | 27,233 | 33,352 | — | 26,902 | ||||||||||||||||||||
Commercial & industrial | 4,429 | 16,320 | — | 3,812 | ||||||||||||||||||||
HELOC | 1,163 | 1,948 | — | 1,075 | ||||||||||||||||||||
Consumer | 651 | 836 | — | 647 | ||||||||||||||||||||
62,657 | 85,523 | — | 57,876 | |||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||
Single-family residential | 304,029 | 309,207 | 9,964 | 304,359 | ||||||||||||||||||||
Construction - speculative | 6,317 | 7,182 | — | 6,506 | ||||||||||||||||||||
Land - acquisition & development | 4,238 | 5,178 | — | 4,467 | ||||||||||||||||||||
Land - consumer lot loans | 12,231 | 12,614 | — | 12,446 | ||||||||||||||||||||
Multi-family | 3,492 | 3,492 | — | 3,828 | ||||||||||||||||||||
Commercial real estate | 18,028 | 18,896 | — | 18,072 | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,486 | ||||||||||||||||||||
Consumer | 126 | 297 | — | 85 | ||||||||||||||||||||
349,947 | 358,352 | 9,964 | -1 | 351,249 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 328,470 | 335,868 | 9,964 | 325,610 | ||||||||||||||||||||
Construction - speculative | 7,323 | 8,383 | — | 7,546 | ||||||||||||||||||||
Land - acquisition & development | 5,028 | 7,341 | — | 5,280 | ||||||||||||||||||||
Land - consumer lot loans | 13,920 | 14,401 | — | 13,714 | ||||||||||||||||||||
Multi-family | 4,747 | 4,747 | — | 4,896 | ||||||||||||||||||||
Commercial real estate | 45,261 | 52,248 | — | 44,974 | ||||||||||||||||||||
Commercial & industrial | 4,429 | 16,320 | — | 3,812 | ||||||||||||||||||||
HELOC | 2,649 | 3,434 | — | 2,561 | ||||||||||||||||||||
Consumer | 777 | 1,133 | — | 732 | ||||||||||||||||||||
$ | 412,604 | $ | 443,875 | $ | 9,964 | -1 | $ | 409,125 | ||||||||||||||||
(1)Included in the general reserves. | ||||||||||||||||||||||||
30-Sep-14 | 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 | ||||||||||||||||||||
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 | ||||||||||||||||||||
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 | ||||||||||||||||||||
HELOC | 1,486 | 1,486 | — | 1,204 | ||||||||||||||||||||
Consumer | 43 | 214 | — | 79 | ||||||||||||||||||||
388,505 | 397,067 | 10,587 | -1 | 365,664 | ||||||||||||||||||||
Total: | ||||||||||||||||||||||||
Single-family residential | 346,364 | 354,497 | 10,527 | 333,191 | ||||||||||||||||||||
Construction - speculative | 9,159 | 10,159 | 60 | 9,336 | ||||||||||||||||||||
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 | -1 | $ | 403,138 | ||||||||||||||||
-1 | Includes $60,000 of specific reserves and $10,527,000 included in the general reserves. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | |||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||
Fair Value of Assets Measured on Recurring Basis | The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||
Fair Value at December 31, 2014 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | $ | 101,636 | $ | — | $ | — | $ | 101,636 | ||||||||||||||||
Obligations of U.S. government | — | 620,018 | — | 620,018 | ||||||||||||||||||||
Obligations of states and political subdivisions | — | 24,068 | — | 24,068 | ||||||||||||||||||||
Corporate debt securities | — | 527,938 | — | 527,938 | ||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | — | 1,527,810 | — | 1,527,810 | ||||||||||||||||||||
Other commercial MBS | — | 93,586 | — | 93,586 | ||||||||||||||||||||
Balance at end of period | $ | 101,636 | $ | 2,793,420 | $ | — | $ | 2,895,056 | ||||||||||||||||
There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended December 31, 2014. | ||||||||||||||||||||||||
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 | ||||||||||||||||||||
Corporate debt securities | — | 509,007 | — | 509,007 | ||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | — | 1,584,508 | — | 1,584,508 | ||||||||||||||||||||
Other commercial MBS | — | 98,916 | — | 98,916 | ||||||||||||||||||||
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 tables present the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the three months ended December 31, 2014 and December 31, 2013, and the total losses (gains) resulting from those fair value adjustments for the quarters ended December 31, 2014 and December 31, 2013. These estimated fair values are shown gross of estimated selling costs. | |||||||||||||||||||||||
Through December 31, 2014 | Quarter | |||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses (Gains) | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 146 | $ | 146 | $ | 64 | ||||||||||||||
Covered REO (1) | — | — | 1,041 | 1,041 | 75 | |||||||||||||||||||
Real estate held for sale (2) | — | — | 36,901 | 36,901 | (8,312 | ) | ||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 38,088 | $ | 38,088 | $ | (8,173 | ) | |||||||||||||
-1 | The losses represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The gains in this period include a one-time correction of $8.2 million (see Note A for description). | |||||||||||||||||||||||
Through December 31, 2013 | Quarter | |||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | Total Losses (Gains) | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Impaired loans (1) | $ | — | $ | — | $ | 5,580 | $ | 5,580 | $ | (805 | ) | |||||||||||||
Covered REO (2) | — | — | 1,286 | 1,286 | 65 | |||||||||||||||||||
Real estate held for sale (2) | — | — | 10,342 | 10,342 | 3,725 | |||||||||||||||||||
Balance at end of period | $ | — | $ | — | $ | 17,208 | $ | 17,208 | $ | 2,985 | ||||||||||||||
-1 | The gains represent remeasurements of collateral-dependent loans. | |||||||||||||||||||||||
-2 | The losses represent aggregate writedowns and charge-offs on real estate held for sale. | |||||||||||||||||||||||
Fair Value of Financial Instruments by Balance Sheet Grouping | Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below. | |||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | |||||||||||||||||||||||
Level in Fair Value Hierarchy | Carrying | Estimated | Carrying | Estimated | ||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | |||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Financial assets | ||||||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 542,769 | $ | 542,769 | $ | 781,843 | $ | 781,843 | |||||||||||||||
Available-for-sale securities | ||||||||||||||||||||||||
Equity securities | 1 | 101,636 | 101,636 | 101,387 | 101,387 | |||||||||||||||||||
Obligations of U.S. government | 2 | 620,018 | 620,018 | 731,943 | 731,943 | |||||||||||||||||||
Obligations of states and political subdivisions | 2 | 24,068 | 24,068 | 23,681 | 23,681 | |||||||||||||||||||
Corporate debt securities | 2 | 527,938 | 527,938 | 509,007 | 509,007 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,527,810 | 1,527,810 | 1,584,508 | 1,584,508 | |||||||||||||||||||
Other commercial MBS | 2 | 93,586 | 93,586 | 98,916 | 98,916 | |||||||||||||||||||
Total available-for-sale securities | 2,895,056 | 2,895,056 | 3,049,442 | 3,049,442 | ||||||||||||||||||||
Held-to-maturity securities | ||||||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | |||||||||||||||||||
Total held-to-maturity securities | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | ||||||||||||||||||||
Loans receivable, net | 3 | 8,253,917 | 8,816,245 | 8,148,322 | 8,667,771 | |||||||||||||||||||
Covered loans, net | 3 | 161,478 | 167,129 | 176,476 | 176,761 | |||||||||||||||||||
FDIC indemnification asset | 3 | 30,356 | 29,559 | 36,860 | 35,976 | |||||||||||||||||||
FHLB and FRB stock | 2 | 154,870 | 154,870 | 158,839 | 158,839 | |||||||||||||||||||
Financial liabilities | ||||||||||||||||||||||||
Customer accounts | 2 | 10,578,853 | 9,936,221 | 10,716,928 | 9,946,586 | |||||||||||||||||||
FHLB advances | 2 | 1,830,000 | 1,953,751 | 1,930,000 | 2,054,437 | |||||||||||||||||||
Off balance sheet - interest rate swaps | 2 | — | (4,517 | ) | — | (170 | ) | |||||||||||||||||
Reconciliation of Amortized Cost to Fair Value of Available-for-Sale and Held-to-Maturity Securities | The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of December 31, 2014 and September 30, 2014: | |||||||||||||||||||||||
December 31, 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 | $ | 120,467 | $ | 2,396 | $ | (426 | ) | $ | 122,437 | 1.47 | ||||||||||||||
5 to 10 years | 153,525 | 64 | (5 | ) | 153,584 | 1.12 | ||||||||||||||||||
Over 10 years | 344,088 | 336 | (427 | ) | 343,997 | 1.26 | ||||||||||||||||||
Equity Securities | ||||||||||||||||||||||||
Within 1 year | 500 | 16 | — | 516 | 1.8 | |||||||||||||||||||
1 to 5 years | 100,000 | 1,120 | — | 101,120 | 1.9 | |||||||||||||||||||
5 to 10 years | — | — | — | — | — | |||||||||||||||||||
Corporate bonds due | ||||||||||||||||||||||||
Within 1 year | 15,000 | 67 | — | 15,067 | 1 | |||||||||||||||||||
1 to 5 years | 302,627 | 1,524 | (6 | ) | 304,145 | 0.71 | ||||||||||||||||||
5 to 10 years | 158,236 | 1,787 | (1,297 | ) | 158,726 | 1.42 | ||||||||||||||||||
Over 10 years | 50,000 | — | — | 50,000 | 3 | |||||||||||||||||||
Municipal bonds due | ||||||||||||||||||||||||
Over 10 years | 20,397 | 3,671 | — | 24,068 | 6.45 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,495,114 | 34,386 | (1,690 | ) | 1,527,810 | 2.57 | ||||||||||||||||||
Other commercial MBS | 93,533 | 53 | — | 93,586 | 1.51 | |||||||||||||||||||
2,853,487 | 45,420 | (3,851 | ) | 2,895,056 | 1.99 | |||||||||||||||||||
Held-to-maturity securities | ||||||||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,516,219 | 9,084 | (21,522 | ) | 1,503,781 | 3.13 | ||||||||||||||||||
$ | 4,369,706 | $ | 54,504 | $ | (25,373 | ) | $ | 4,398,837 | 2.39 | % | ||||||||||||||
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 | |||||||||||||||||||
Mortgage-backed securities | ||||||||||||||||||||||||
Agency pass-through certificates | 1,548,265 | 4,855 | (53,902 | ) | 1,499,218 | 3.13 | ||||||||||||||||||
$ | 4,564,697 | $ | 42,128 | $ | (58,165 | ) | $ | 4,548,660 | 2.38 | % | ||||||||||||||
Schedule of Unrealized Losses and Fair Value of Securities | The following tables show the unrealized gross losses and fair value of securities at December 31, 2014 and September 30, 2014, by length of time that individual securities in each category have been in a continuous loss position. The decline in fair value is attributable to changes in interest rates. Because the Company does not intend to sell these securities and does not consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other than temporarily impaired. | |||||||||||||||||||||||
31-Dec-14 | 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 due | $ | (406 | ) | $ | 72,688 | $ | (897 | ) | $ | 24,104 | $ | (1,303 | ) | $ | 96,792 | |||||||||
U.S. government and agency securities due | (422 | ) | 246,045 | (436 | ) | 99,564 | (858 | ) | 345,609 | |||||||||||||||
Agency pass-through certificates | (421 | ) | 62,689 | (22,791 | ) | 1,332,778 | (23,212 | ) | 1,395,467 | |||||||||||||||
$ | (1,249 | ) | $ | 381,422 | $ | (24,124 | ) | $ | 1,456,446 | $ | (25,373 | ) | $ | 1,837,868 | ||||||||||
30-Sep-14 | 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 due | $ | (125 | ) | $ | 24,875 | $ | (845 | ) | $ | 24,155 | $ | (970 | ) | $ | 49,030 | |||||||||
U.S. government and agency securities due | (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 | ||||||||||
Covered_Assets_Tables
Covered Assets (Tables) | 3 Months Ended | ||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||||||||||||||||||||||||||
Schedule of Changes in Carrying Amount and Accretable Yield of Assets | Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2014 and the fiscal year ended September 30, 2014 were as follows: | ||||||||||||||||||||||||||
December 31, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | |||||||||||||||||||
Accretion | (4,509 | ) | 4,509 | (1,909 | ) | 1,909 | |||||||||||||||||||||
Transfers to REO | — | (51 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (4,025 | ) | — | (16,942 | ) | |||||||||||||||||||||
Balance at end of period | $ | 60,025 | $ | 78,488 | $ | 8,350 | $ | 83,389 | |||||||||||||||||||
September 30, 2014 | Acquired Impaired | Acquired Non-impaired | |||||||||||||||||||||||||
Accretable | Carrying | Accretable | Carrying | ||||||||||||||||||||||||
Yield | Amount of | Yield | Amount of | ||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of period | $ | 78,277 | $ | 138,091 | $ | 17,263 | $ | 157,856 | |||||||||||||||||||
Reclassification from nonaccretable balance, net | 10,186 | (2,069 | ) | — | — | ||||||||||||||||||||||
Accretion | (23,929 | ) | 23,929 | (7,004 | ) | 7,004 | |||||||||||||||||||||
Transfers to REO | — | (8,943 | ) | — | — | ||||||||||||||||||||||
Payments received, net | — | (72,953 | ) | — | (66,438 | ) | |||||||||||||||||||||
Balance at end of period | $ | 64,534 | $ | 78,055 | $ | 10,259 | $ | 98,422 | |||||||||||||||||||
Schedule of Activity for FDIC Indemnification Asset | The following table shows the year to date activity for the FDIC indemnification asset: | ||||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Balance at beginning of fiscal year 2014 and 2013 | $ | 36,860 | $ | 64,615 | |||||||||||||||||||||||
Additions | — | 1,795 | |||||||||||||||||||||||||
Payments made (received) | 430 | (2,502 | ) | ||||||||||||||||||||||||
Amortization | (7,074 | ) | (27,850 | ) | |||||||||||||||||||||||
Accretion | 140 | 802 | |||||||||||||||||||||||||
Balance at end of period | $ | 30,356 | $ | 36,860 | |||||||||||||||||||||||
Summary of Loans Based on Credit Quality Indicators | The following tables provide information on loans based on credit quality indicators (defined above) as of December 31, 2014 and September 30, 2014. | ||||||||||||||||||||||||||
Credit Risk Profile by Internally Assigned Grade (excludes covered loans): | |||||||||||||||||||||||||||
December 31, 2014 | Internally Assigned Grade | Total | |||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Gross Loans | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Non-acquired loans | |||||||||||||||||||||||||||
Single-family residential | $ | 5,484,864 | $ | 2,357 | $ | 120,987 | $ | — | $ | — | $ | 5,608,208 | |||||||||||||||
Construction - speculative | 147,979 | — | 4,471 | — | — | 152,450 | |||||||||||||||||||||
Construction - custom | 377,561 | — | — | — | — | 377,561 | |||||||||||||||||||||
Land - acquisition & development | 78,428 | — | 5,572 | — | — | 84,000 | |||||||||||||||||||||
Land - consumer lot loans | 103,890 | — | 602 | — | — | 104,492 | |||||||||||||||||||||
Multi-family | 971,647 | — | 6,105 | — | — | 977,752 | |||||||||||||||||||||
Commercial real estate | 566,553 | 1,955 | 28,928 | — | — | 597,436 | |||||||||||||||||||||
Commercial & industrial | 333,082 | 13,653 | 44,592 | — | — | 391,327 | |||||||||||||||||||||
HELOC | 117,799 | — | 248 | — | — | 118,047 | |||||||||||||||||||||
Consumer | 126,929 | — | — | — | — | 126,929 | |||||||||||||||||||||
8,308,732 | 17,965 | 211,505 | — | — | 8,538,202 | ||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||
Single-family residential | 11,163 | — | — | — | — | 11,163 | |||||||||||||||||||||
Land - acquisition & development | 479 | — | 393 | — | — | 872 | |||||||||||||||||||||
Land - consumer lot loans | 2,496 | — | — | — | — | 2,496 | |||||||||||||||||||||
Multi-family | 2,954 | — | — | — | — | 2,954 | |||||||||||||||||||||
Commercial real estate | 83,991 | 742 | 7,400 | — | — | 92,133 | |||||||||||||||||||||
Commercial & industrial | 45,643 | 13,001 | 171 | 21 | — | 58,836 | |||||||||||||||||||||
HELOC | 7,749 | — | — | — | — | 7,749 | |||||||||||||||||||||
Consumer | 4,369 | — | — | — | — | 4,369 | |||||||||||||||||||||
158,844 | 13,743 | 7,964 | 21 | — | 180,572 | ||||||||||||||||||||||
Credit impaired acquired loans | |||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 1,244 | — | 289 | — | — | 1,533 | |||||||||||||||||||||
Pool 2 - Single-family residential | 323 | — | — | — | — | 323 | |||||||||||||||||||||
Pool 3 - Multi-family | — | — | — | — | — | — | |||||||||||||||||||||
Pool 4 - HELOC & other consumer | 9,256 | — | — | — | — | 9,256 | |||||||||||||||||||||
Pool 5 - Commercial real estate | 48,716 | — | 11,571 | — | — | 60,287 | |||||||||||||||||||||
Pool 6 - Commercial & industrial | 452 | 2,803 | — | — | — | 3,255 | |||||||||||||||||||||
Total credit impaired acquired loans | 59,991 | 2,803 | 11,860 | — | — | 74,654 | |||||||||||||||||||||
Total gross loans | $ | 8,527,567 | $ | 34,511 | $ | 231,329 | $ | 21 | $ | — | $ | 8,793,428 | |||||||||||||||
Total grade as a % of total gross loans | 97 | % | 0.4 | % | 2.6 | % | — | % | — | % | |||||||||||||||||
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 | |||||||||||||||||||||
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 | 1,375 | 58 | — | 51,386 | |||||||||||||||||||||
HELOC | 8,274 | — | — | — | — | 8,274 | |||||||||||||||||||||
Consumer | 5,670 | — | — | — | — | 5,670 | |||||||||||||||||||||
156,954 | 16,213 | 8,130 | 58 | — | 181,355 | ||||||||||||||||||||||
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 | — | 2,833 | — | — | 3,476 | |||||||||||||||||||||
Total credit impaired acquired loans | 61,332 | 2,143 | 15,865 | — | — | 79,340 | |||||||||||||||||||||
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 | % | — | % | — | % | |||||||||||||||||
Analysis of Age of Purchased Non-Credit Impaired Loans In Past Due Status | The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status as of December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||||
December 31, 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 | $ | 21,876 | $ | 21,306 | $ | 27 | $ | 201 | $ | 342 | $ | 570 | 2.61 | % | |||||||||||||
Land - Acquisition & Development | 389 | 353 | — | — | 36 | 36 | 9.25 | ||||||||||||||||||||
Land - Consumer Lot Loans | 73 | 73 | — | — | — | — | — | ||||||||||||||||||||
Multi-Family | 4,250 | 4,250 | — | — | — | — | — | ||||||||||||||||||||
Commercial Real Estate | 40,127 | 40,127 | — | — | — | — | — | ||||||||||||||||||||
Commercial & Industrial | 5,111 | 5,111 | — | — | — | — | — | ||||||||||||||||||||
HELOC | 11,226 | 11,197 | 29 | — | — | 29 | 0.26 | ||||||||||||||||||||
Consumer | 393 | 390 | — | 3 | — | 3 | 0.76 | ||||||||||||||||||||
$ | 83,445 | $ | 82,807 | $ | 56 | $ | 204 | $ | 378 | $ | 638 | 0.76 | % | ||||||||||||||
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 | % | |||||||||||||
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 | % | ||||||||||||||
Acquired or Covered Loans [Member] | |||||||||||||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||||||||||||||||||||||||||
Summary of Loans Based on Credit Quality Indicators | The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||||
December 31, 2014 | Internally Assigned Grade | Total | |||||||||||||||||||||||||
Pass | Special mention | Substandard | Doubtful | Loss | Net Loans | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||
Purchased non credit-impaired loans: | |||||||||||||||||||||||||||
Single-family residential | $ | 20,664 | $ | — | $ | 1,212 | $ | — | $ | — | $ | 21,876 | |||||||||||||||
Land - acquisition & development | 353 | — | 36 | — | — | 389 | |||||||||||||||||||||
Land - consumer lot loans | 73 | — | — | — | — | 73 | |||||||||||||||||||||
Multi-family | 4,250 | — | — | — | — | 4,250 | |||||||||||||||||||||
Commercial real estate | 25,317 | — | 14,810 | — | — | 40,127 | |||||||||||||||||||||
Commercial & industrial | 2,476 | — | 2,635 | — | — | 5,111 | |||||||||||||||||||||
HELOC | 11,226 | — | — | — | — | 11,226 | |||||||||||||||||||||
Consumer | 393 | — | — | — | — | 393 | |||||||||||||||||||||
64,752 | — | 18,693 | — | — | 83,445 | ||||||||||||||||||||||
Total grade as a % of total net loans | 77.6 | % | — | % | 22.4 | % | — | % | — | % | |||||||||||||||||
Purchased credit-impaired loans: | |||||||||||||||||||||||||||
Pool 1 - Construction and land A&D | 7,128 | — | 12,142 | — | — | 19,270 | |||||||||||||||||||||
Pool 2 - Single-family residential | 15,061 | — | 324 | — | — | 15,385 | |||||||||||||||||||||
Pool 3 - Multi-family | 51 | — | 440 | — | — | 491 | |||||||||||||||||||||
Pool 4 - HELOC & other consumer | 2,772 | — | 1,167 | — | — | 3,939 | |||||||||||||||||||||
Pool 5 - Commercial real estate | 33,543 | 692 | 28,437 | — | — | 62,672 | |||||||||||||||||||||
Pool 6 - Commercial & industrial | 3,125 | — | 3,793 | 517 | — | 7,435 | |||||||||||||||||||||
$ | 61,680 | $ | 692 | $ | 46,303 | $ | 517 | $ | — | 109,192 | |||||||||||||||||
Total covered loans | 192,637 | ||||||||||||||||||||||||||
Discount | (28,916 | ) | |||||||||||||||||||||||||
Allowance | (2,243 | ) | |||||||||||||||||||||||||
Covered loans, net | $ | 161,478 | |||||||||||||||||||||||||
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 | |||||||||||||||
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 | |||||||||||||||||||||||||
Derivatives_and_Hedging_Activi1
Derivatives and Hedging Activities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |||||||||||||||||||||||||
Schedule of Fair Value and Balance Sheet Classification | Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below. | ||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||||
Level in Fair Value Hierarchy | Carrying | Estimated | Carrying | Estimated | |||||||||||||||||||||
Amount | Fair Value | Amount | Fair Value | ||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Financial assets | |||||||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 542,769 | $ | 542,769 | $ | 781,843 | $ | 781,843 | ||||||||||||||||
Available-for-sale securities | |||||||||||||||||||||||||
Equity securities | 1 | 101,636 | 101,636 | 101,387 | 101,387 | ||||||||||||||||||||
Obligations of U.S. government | 2 | 620,018 | 620,018 | 731,943 | 731,943 | ||||||||||||||||||||
Obligations of states and political subdivisions | 2 | 24,068 | 24,068 | 23,681 | 23,681 | ||||||||||||||||||||
Corporate debt securities | 2 | 527,938 | 527,938 | 509,007 | 509,007 | ||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,527,810 | 1,527,810 | 1,584,508 | 1,584,508 | ||||||||||||||||||||
Other commercial MBS | 2 | 93,586 | 93,586 | 98,916 | 98,916 | ||||||||||||||||||||
Total available-for-sale securities | 2,895,056 | 2,895,056 | 3,049,442 | 3,049,442 | |||||||||||||||||||||
Held-to-maturity securities | |||||||||||||||||||||||||
Mortgage-backed securities | |||||||||||||||||||||||||
Agency pass-through certificates | 2 | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | ||||||||||||||||||||
Total held-to-maturity securities | 1,516,219 | 1,503,781 | 1,548,265 | 1,499,218 | |||||||||||||||||||||
Loans receivable, net | 3 | 8,253,917 | 8,816,245 | 8,148,322 | 8,667,771 | ||||||||||||||||||||
Covered loans, net | 3 | 161,478 | 167,129 | 176,476 | 176,761 | ||||||||||||||||||||
FDIC indemnification asset | 3 | 30,356 | 29,559 | 36,860 | 35,976 | ||||||||||||||||||||
FHLB and FRB stock | 2 | 154,870 | 154,870 | 158,839 | 158,839 | ||||||||||||||||||||
Financial liabilities | |||||||||||||||||||||||||
Customer accounts | 2 | 10,578,853 | 9,936,221 | 10,716,928 | 9,946,586 | ||||||||||||||||||||
FHLB advances | 2 | 1,830,000 | 1,953,751 | 1,930,000 | 2,054,437 | ||||||||||||||||||||
Off balance sheet - interest rate swaps | 2 | — | (4,517 | ) | — | (170 | ) | ||||||||||||||||||
Derivative [Member] | |||||||||||||||||||||||||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |||||||||||||||||||||||||
Schedule of Fair Value and Balance Sheet Classification | The following table presents the fair value and balance sheet classification of derivatives at December 31, 2014 and September 30, 2014: | ||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||||
December 31, 2014 | September 30, 2014 | December 31, 2014 | September 30, 2014 | ||||||||||||||||||||||
Location | Fair Value | Location | Fair Value | Location | Fair Value | Location | Fair Value | ||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Interest rate contracts | Other assets | $ | 5,626 | Other assets | $ | 2,879 | Other liabilities | $ | 5,626 | Other liabilities | $ | 2,879 | |||||||||||||
Long term borrowing hedge | Other assets | — | Other assets | — | Other liabilities | 4,517 | Other liabilities | — | |||||||||||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accrued Investment Income Receivable | ($40,757) | ($52,037) |
Loans in process (excluding covered loans) | 370,655 | 346,172 |
Loans and Leases Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans in process (excluding covered loans) | 584,227 | 583,838 |
Restatement Adjustment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Real estate acquired through foreclosure | 8,200 | |
Accrued Investment Income Receivable | $8,900 |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Details) (Bank of America, National Association [Member], USD $) | Sep. 30, 2014 | 2-May-14 | Oct. 31, 2013 | Dec. 06, 2013 |
In Thousands, unless otherwise specified | branch | branch | branch | |
Business Acquisition [Line Items] | ||||
Number of branches | 74 | |||
Customer accounts | $1,853,798 | |||
Loans receivable, net | 12,881 | |||
Property and equipment, net | 25,097 | |||
Premium on deposits | 1.99% | |||
Cash | 1,776,660 | |||
Core deposit intangible | 11,040 | |||
Goodwill | $31,225 | |||
New Mexico | ||||
Business Acquisition [Line Items] | ||||
Number of branches | 11 | |||
Washington, Oregon, and Idaho | ||||
Business Acquisition [Line Items] | ||||
Number of branches | 40 | |||
Arizona and Nevada | ||||
Business Acquisition [Line Items] | ||||
Number of branches | 23 |
Acquisitions_Purchase_Price_Al
Acquisitions - Purchase Price Allocation (Details) (Bank of America, National Association [Member], USD $) | 2-May-14 |
In Thousands, unless otherwise specified | |
Bank of America, National Association [Member] | |
Business Acquisition [Line Items] | |
Cash | $1,776,660 |
Loans receivable, net | 12,881 |
Property and equipment, net | 25,097 |
Core deposit intangible | 11,040 |
Goodwill | 31,225 |
Other assets | 70 |
Total Assets | 1,856,973 |
Customer accounts | 1,853,798 |
Other liabilities | 3,175 |
Total Liabilities | 1,856,973 |
Net assets acquired | $0 |
Dividends_Details
Dividends (Details) (USD $) | 3 Months Ended | 0 Months Ended | ||
Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Jan. 21, 2015 | |
Subsequent Event [Line Items] | ||||
Cash dividends per share (in dollars per share) | $0.15 | $0.11 | $0.10 | |
Common Stock, Dividends, Per Share, Declared | $0.11 | |||
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Common Stock, Dividends, Per Share, Declared | $0.13 | |||
Common Stock, Dividends, Increase in Declared Amount, Per Share | $0.02 | |||
Common Stock, Dividends, Increase in Declared Amount, Percent | 18.00% |
Loans_Receivable_excluding_Cov2
Loans Receivable (excluding Covered Loans) - Schedule of Loans Receivable (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $8,793,428 | $8,669,717 | |
Ratio of type of loan to total loans receivable | 100.00% | 100.00% | |
Allowance for probable losses | 108,700 | 112,347 | 116,741 |
Loans in process | 370,655 | 346,172 | |
Discount on acquired loans | 22,535 | 25,391 | |
Deferred net origination fees | 37,621 | 37,485 | |
Charges against loans receivable | 539,511 | 521,395 | |
Loans receivable, net | 8,253,917 | 8,148,322 | |
Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 5,619,694 | 5,572,244 | |
Ratio of type of loan to total loans receivable | 64.00% | 64.20% | |
Allowance for probable losses | 55,495 | 62,763 | 64,184 |
Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 152,450 | 140,060 | |
Ratio of type of loan to total loans receivable | 1.70% | 1.60% | |
Allowance for probable losses | 5,451 | 6,742 | 8,407 |
Construction - Custom [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 377,561 | 385,824 | |
Ratio of type of loan to total loans receivable | 4.30% | 4.50% | |
Allowance for probable losses | 965 | 1,695 | 882 |
Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 86,405 | 80,359 | |
Ratio of type of loan to total loans receivable | 1.00% | 0.90% | |
Allowance for probable losses | 6,671 | 5,592 | 9,165 |
Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 106,988 | 111,130 | |
Ratio of type of loan to total loans receivable | 1.20% | 1.30% | |
Allowance for probable losses | 3,113 | 3,077 | 3,552 |
Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 980,706 | 920,285 | |
Ratio of type of loan to total loans receivable | 11.20% | 10.60% | |
Allowance for probable losses | 4,500 | 4,248 | 3,816 |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 749,856 | 752,957 | |
Ratio of type of loan to total loans receivable | 8.50% | 8.70% | |
Allowance for probable losses | 5,872 | 7,548 | 5,595 |
Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 453,418 | 434,088 | |
Ratio of type of loan to total loans receivable | 5.20% | 5.00% | |
Allowance for probable losses | 23,328 | 16,527 | 16,614 |
HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 134,998 | 134,455 | |
Ratio of type of loan to total loans receivable | 1.50% | 1.60% | |
Allowance for probable losses | 892 | 928 | 1,002 |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 131,352 | 138,315 | |
Ratio of type of loan to total loans receivable | 1.40% | 1.60% | |
Allowance for probable losses | 2,413 | 3,227 | 3,524 |
Non-Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 8,538,202 | 8,409,022 | |
Ratio of type of loan to total loans receivable | 97.30% | 97.20% | |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 5,608,208 | 5,560,203 | |
Ratio of type of loan to total loans receivable | 63.90% | 64.10% | |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 152,450 | 140,060 | |
Ratio of type of loan to total loans receivable | 1.70% | 1.60% | |
Non-Acquired Loans [Member] | Construction - Custom [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 377,561 | 385,824 | |
Ratio of type of loan to total loans receivable | 4.30% | 4.50% | |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 84,000 | 77,832 | |
Ratio of type of loan to total loans receivable | 1.00% | 0.90% | |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 104,492 | 108,623 | |
Ratio of type of loan to total loans receivable | 1.20% | 1.30% | |
Non-Acquired Loans [Member] | Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 977,752 | 917,286 | |
Ratio of type of loan to total loans receivable | 11.20% | 10.60% | |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 597,436 | 591,336 | |
Ratio of type of loan to total loans receivable | 6.80% | 6.90% | |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 391,327 | 379,226 | |
Ratio of type of loan to total loans receivable | 4.50% | 4.40% | |
Non-Acquired Loans [Member] | HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 118,047 | 116,042 | |
Ratio of type of loan to total loans receivable | 1.30% | 1.40% | |
Non-Acquired Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 126,929 | 132,590 | |
Ratio of type of loan to total loans receivable | 1.40% | 1.50% | |
Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 180,572 | 181,355 | |
Ratio of type of loan to total loans receivable | 1.90% | 2.00% | |
Acquired Loans [Member] | Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 11,163 | 11,716 | |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 872 | 905 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,496 | 2,507 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Acquired Loans [Member] | Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 2,954 | 2,999 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Acquired Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 92,133 | 97,898 | |
Ratio of type of loan to total loans receivable | 1.00% | 1.10% | |
Acquired Loans [Member] | Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 58,836 | 51,386 | |
Ratio of type of loan to total loans receivable | 0.70% | 0.60% | |
Acquired Loans [Member] | HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 7,749 | 8,274 | |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | |
Acquired Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 4,369 | 5,670 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.10% | |
Credit Impaired Acquired Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 74,654 | 79,340 | |
Ratio of type of loan to total loans receivable | 0.80% | 0.80% | |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 323 | 325 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 1,533 | 1,622 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 0 | 0 | |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 60,287 | 63,723 | |
Ratio of type of loan to total loans receivable | 0.70% | 0.70% | |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 3,255 | 3,476 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% | |
Credit Impaired Acquired Loans [Member] | HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | 9,202 | 10,139 | |
Ratio of type of loan to total loans receivable | 0.10% | 0.10% | |
Credit Impaired Acquired Loans [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans receivable, gross | $54 | $55 | |
Ratio of type of loan to total loans receivable | 0.00% | 0.00% |
Loans_Receivable_excluding_Cov3
Loans Receivable (excluding Covered Loans) - Changes in the Accretable Yield for Acquired Loans (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Accretion, carrying amount of loans | $140 | $802 |
Credit Impaired Acquired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Balance at beginning of period, accretable yield | 32,591 | 37,236 |
Balance at beginning of period, carrying amount of loans | 57,771 | 69,718 |
Reclassification from nonaccretable balance, net, accretable yield | 7,300 | |
Reclassification from nonaccretable balance, net, carrying value of loans | 0 | |
Accretion, accretable yield | -2,970 | -11,945 |
Accretion, carrying amount of loans | 2,970 | 11,945 |
Transfers to REO, accretable yield | 0 | |
Transfers to REO, carrying amount of loans | -1,188 | |
Payments received, net, accretable yield | 0 | 0 |
Payments received, net, carrying amount of loans | -6,455 | -22,704 |
Balance at end of period, accretable yield | 29,621 | 32,591 |
Balance at end of period, carrying amount of loans | 54,286 | 57,771 |
Acquired Non-Impaired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Balance at beginning of period, accretable yield | 4,254 | 4,977 |
Balance at beginning of period, carrying amount of loans | 177,440 | 245,373 |
Reclassification from nonaccretable balance, net, accretable yield | 0 | |
Reclassification from nonaccretable balance, net, carrying value of loans | 0 | |
Accretion, accretable yield | -1,424 | -723 |
Accretion, carrying amount of loans | 1,424 | 723 |
Transfers to REO, accretable yield | 0 | |
Transfers to REO, carrying amount of loans | -4,710 | |
Payments received, net, accretable yield | 0 | 0 |
Payments received, net, carrying amount of loans | -1,193 | -63,946 |
Balance at end of period, accretable yield | 2,830 | 4,254 |
Balance at end of period, carrying amount of loans | $177,671 | $177,440 |
Loans_Receivable_excluding_Cov4
Loans Receivable (excluding Covered Loans) - Loans on Non-accrual Status (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | $98,353 | $87,431 | $114,717 |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 100.00% | 100.00% | |
Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 74,416 | 74,067 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 75.60% | 84.80% | |
Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,329 | 1,477 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 1.40% | 1.70% | |
Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 0 | 811 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.00% | 0.90% | |
Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 2,260 | 2,637 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 2.30% | 3.00% | |
Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,019 | 1,742 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 1.00% | 2.00% | |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 15,970 | 5,106 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 16.20% | 5.80% | |
Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 672 | 7 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 0.70% | 0.00% | |
HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,454 | 795 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 1.50% | 0.90% | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Nonaccrual loans by portfolio segment | $1,233 | $789 | |
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status | 1.30% | 0.90% |
Loans_Receivable_excluding_Cov5
Loans Receivable (excluding Covered Loans) - Loans Receivable, Analysis of Age of Loans in Past Due Status (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | $8,422,772 | $8,323,544 |
Current | 8,299,296 | 8,203,280 |
30 days | 28,093 | 19,762 |
60 days | 8,990 | 27,907 |
90 days | 86,393 | 72,595 |
Total | 123,476 | 120,264 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.47% | 1.44% |
Non-Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 8,167,625 | 8,063,364 |
Current | 8,052,077 | 7,947,551 |
30 days | 24,584 | 19,477 |
60 days | 8,463 | 26,449 |
90 days | 82,501 | 69,887 |
Total | 115,548 | 115,813 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.41% | 1.44% |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 5,605,917 | 5,557,753 |
Current | 5,518,834 | 5,467,239 |
30 days | 17,503 | 15,926 |
60 days | 7,804 | 9,139 |
90 days | 61,776 | 65,449 |
Total | 87,083 | 90,514 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.55% | 1.63% |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 95,367 | 87,035 |
Current | 95,199 | 87,035 |
30 days | 168 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 168 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.18% | 0.00% |
Non-Acquired Loans [Member] | Construction - Custom [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 191,787 | 192,098 |
Current | 191,670 | 191,262 |
30 days | 114 | 836 |
60 days | 3 | 0 |
90 days | 0 | 0 |
Total | 117 | 836 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.06% | 0.44% |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 70,347 | 68,066 |
Current | 68,008 | 67,911 |
30 days | 2,339 | 155 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 2,339 | 155 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.32% | 0.23% |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 104,444 | 108,589 |
Current | 100,639 | 104,571 |
30 days | 596 | 1,246 |
60 days | 368 | 304 |
90 days | 2,841 | 2,468 |
Total | 3,805 | 4,018 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.64% | 3.70% |
Non-Acquired Loans [Member] | Multi-Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 906,295 | 892,196 |
Current | 905,532 | 891,372 |
30 days | 0 | 205 |
60 days | 0 | 16 |
90 days | 763 | 603 |
Total | 763 | 824 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.08% | 0.09% |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 559,808 | 529,453 |
Current | 541,939 | 513,409 |
30 days | 2,607 | 67 |
60 days | 0 | 15,118 |
90 days | 15,262 | 859 |
Total | 17,869 | 16,044 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 3.19% | 3.03% |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 388,588 | 379,226 |
Current | 387,149 | 377,848 |
30 days | 339 | 53 |
60 days | 0 | 1,318 |
90 days | 1,100 | 7 |
Total | 1,439 | 1,378 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.37% | 0.36% |
Non-Acquired Loans [Member] | HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 118,143 | 116,262 |
Current | 117,362 | 115,262 |
30 days | 162 | 335 |
60 days | 58 | 292 |
90 days | 561 | 373 |
Total | 781 | 1,000 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.66% | 0.86% |
Non-Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 126,929 | 132,686 |
Current | 125,745 | 131,642 |
30 days | 756 | 654 |
60 days | 230 | 262 |
90 days | 198 | 128 |
Total | 1,184 | 1,044 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.93% | 0.79% |
Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 180,501 | 180,892 |
Current | 176,954 | 178,945 |
30 days | 1,445 | 126 |
60 days | 97 | 474 |
90 days | 2,005 | 1,347 |
Total | 3,547 | 1,947 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 1.97% | 1.08% |
Acquired Loans [Member] | Single-Family Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 11,164 | 11,716 |
Current | 10,907 | 11,693 |
30 days | 232 | 0 |
60 days | 0 | 0 |
90 days | 25 | 23 |
Total | 257 | 23 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 2.30% | 0.20% |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 872 | 905 |
Current | 872 | 905 |
30 days | 0 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.00% |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 2,495 | 2,502 |
Current | 1,686 | 2,132 |
30 days | 560 | 0 |
60 days | 0 | 370 |
90 days | 249 | 0 |
Total | 809 | 370 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 14.79% |
Acquired Loans [Member] | Multi-Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 2,954 | 2,999 |
Current | 2,954 | 2,999 |
30 days | 0 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.00% |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 92,066 | 97,715 |
Current | 91,211 | 96,948 |
30 days | 0 | 104 |
60 days | 97 | 0 |
90 days | 758 | 663 |
Total | 855 | 767 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.93% | 0.78% |
Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 58,832 | 51,329 |
Current | 58,733 | 51,229 |
30 days | 0 | 0 |
60 days | 0 | 100 |
90 days | 99 | 0 |
Total | 99 | 100 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.17% | 0.19% |
Acquired Loans [Member] | HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 7,749 | 8,056 |
Current | 7,290 | 8,056 |
30 days | 241 | 0 |
60 days | 0 | 0 |
90 days | 218 | 0 |
Total | 459 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 5.92% | 0.00% |
Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 4,369 | 5,670 |
Current | 3,301 | 4,983 |
30 days | 412 | 22 |
60 days | 0 | 4 |
90 days | 656 | 661 |
Total | 1,068 | 687 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 24.44% | 12.12% |
Credit Impaired Acquired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 74,646 | 79,288 |
Current | 70,265 | 76,784 |
30 days | 2,064 | 159 |
60 days | 430 | 984 |
90 days | 1,887 | 1,361 |
Total | 4,381 | 2,504 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 5.87% | 3.16% |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 323 | 325 |
Current | 323 | 325 |
30 days | 0 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.00% |
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 1,533 | 1,581 |
Current | 1,533 | 1,581 |
30 days | 0 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.00% |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 60,280 | 63,713 |
Current | 56,301 | 61,713 |
30 days | 2,064 | 152 |
60 days | 430 | 909 |
90 days | 1,485 | 939 |
Total | 3,979 | 2,000 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 6.60% | 3.14% |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 3,255 | 3,477 |
Current | 3,255 | 3,470 |
30 days | 0 | 7 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | 0 | 7 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.20% |
Credit Impaired Acquired Loans [Member] | HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 9,201 | 10,138 |
Current | 8,799 | 9,641 |
30 days | 0 | 0 |
60 days | 0 | 75 |
90 days | 402 | 422 |
Total | 402 | 497 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 4.37% | 4.90% |
Credit Impaired Acquired Loans [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of loan, net of charge-offs and LIP | 54 | 54 |
Current | 54 | 54 |
30 days | 0 | 0 |
60 days | 0 | 0 |
90 days | 0 | 0 |
Total | $0 | $0 |
Ratio of past due loans to total loans, net of charge-offs and LIPs | 0.00% | 0.00% |
Loans_Receivable_excluding_Cov6
Loans Receivable (excluding Covered Loans) - Troubled Debt Restructurings (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
contract | contract | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Basis point reduction, minimum | 1.00% | |
Basis point reduction, maximum | 2.00% | |
Single family residential loans as percentage of restructured loans | 86.60% | |
Number of contracts (in contracts) | 40 | 124 |
Pre-modification outstanding recorded investment | $10,935 | $27,028 |
Post-modification outstanding recorded investment | 10,935 | 27,028 |
Single-Family Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 35 | 113 |
Pre-modification outstanding recorded investment | 9,600 | 23,607 |
Post-modification outstanding recorded investment | 9,600 | 23,607 |
Construction - Speculative [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 2 | 0 |
Pre-modification outstanding recorded investment | 718 | 0 |
Post-modification outstanding recorded investment | 718 | 0 |
Land - Consumer Lot Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 2 | 5 |
Pre-modification outstanding recorded investment | 532 | 1,098 |
Post-modification outstanding recorded investment | 532 | 1,098 |
Multi-Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 0 | 2 |
Pre-modification outstanding recorded investment | 0 | 1,213 |
Post-modification outstanding recorded investment | 0 | 1,213 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 0 | 1 |
Pre-modification outstanding recorded investment | 0 | 810 |
Post-modification outstanding recorded investment | 0 | 810 |
HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 0 | 1 |
Pre-modification outstanding recorded investment | 0 | 261 |
Post-modification outstanding recorded investment | 0 | 261 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of contracts (in contracts) | 1 | 2 |
Pre-modification outstanding recorded investment | 85 | 39 |
Post-modification outstanding recorded investment | $85 | $39 |
Minimum [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Term for payment and rate reduction | 6 months | |
Maximum [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Term for payment and rate reduction | 12 months |
Loans_Receivable_excluding_Cov7
Loans Receivable (excluding Covered Loans) - Loan Modifications (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
contract | contract | |
Financing Receivable, Modifications [Line Items] | ||
Number of contracts (in contracts) | 11 | 26 |
Recorded investment | $1,820 | $3,790 |
Single-Family Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of contracts (in contracts) | 8 | 24 |
Recorded investment | 1,431 | 3,624 |
Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of contracts (in contracts) | 3 | 2 |
Recorded investment | $389 | $166 |
Allowance_for_Losses_on_Loans_1
Allowance for Losses on Loans - Allowance for Credit Losses on Financial Receivables (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | $112,347 | $116,741 |
Charge-offs | -2,609 | -15,099 |
Recoveries | 3,451 | 29,463 |
Provision & Transfers | -4,489 | -18,758 |
Ending Allowance | 108,700 | 112,347 |
Single-Family Residential [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 62,763 | 64,184 |
Charge-offs | -1,694 | -8,529 |
Recoveries | 2,553 | 17,684 |
Provision & Transfers | -8,127 | -10,576 |
Ending Allowance | 55,495 | 62,763 |
Construction - Speculative [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 6,742 | 8,407 |
Charge-offs | -388 | -949 |
Recoveries | 0 | 97 |
Provision & Transfers | -903 | -813 |
Ending Allowance | 5,451 | 6,742 |
Construction - Custom [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 1,695 | 882 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision & Transfers | -730 | 813 |
Ending Allowance | 965 | 1,695 |
Land - Acquisition & Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 5,592 | 9,165 |
Charge-offs | -38 | -541 |
Recoveries | 1 | 3,071 |
Provision & Transfers | 1,116 | -6,103 |
Ending Allowance | 6,671 | 5,592 |
Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 3,077 | 3,552 |
Charge-offs | -35 | -658 |
Recoveries | 0 | 22 |
Provision & Transfers | 71 | 161 |
Ending Allowance | 3,113 | 3,077 |
Multi-Family [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 4,248 | 3,816 |
Charge-offs | 0 | 0 |
Recoveries | 220 | 0 |
Provision & Transfers | 32 | 432 |
Ending Allowance | 4,500 | 4,248 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 7,548 | 5,595 |
Charge-offs | -27 | -105 |
Recoveries | 28 | 33 |
Provision & Transfers | -1,677 | 2,025 |
Ending Allowance | 5,872 | 7,548 |
Commercial & Industrial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 16,527 | 16,614 |
Charge-offs | 0 | -826 |
Recoveries | 34 | 5,043 |
Provision & Transfers | 6,767 | -4,304 |
Ending Allowance | 23,328 | 16,527 |
HELOC [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 928 | 1,002 |
Charge-offs | 0 | -48 |
Recoveries | 0 | 0 |
Provision & Transfers | -36 | -26 |
Ending Allowance | 892 | 928 |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning Allowance | 3,227 | 3,524 |
Charge-offs | -427 | -3,443 |
Recoveries | 615 | 3,513 |
Provision & Transfers | -1,002 | -367 |
Ending Allowance | $2,413 | $3,227 |
Allowance_for_Losses_on_Loans_2
Allowance for Losses on Loans - Additional Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Reversal of provision for loan losses | ($5,500,000) | ($4,600,000) | ||
Transfer to establish a reserve for unfunded commitments | 2,910,000 | |||
Allowance reserve | 1,898,000 | |||
Loans receivable, gross | 8,793,428,000 | 8,669,717,000 | ||
Acquired loans subject to general allowance | 37,136,000 | |||
Loans acquired | 0 | |||
Nonaccrual loans by portfolio segment | 98,353,000 | 114,717,000 | 87,431,000 | |
Percentage decrease in nonperforming assets | 14.30% | |||
Allowance for credit losses, charge-offs, net of recoveries | -841,000 | -6,017,000 | ||
Allowance for probable losses | 108,700,000 | 112,347,000 | 116,741,000 | |
Loans Collectively Evaluated for Impairment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 8,084,922,000 | 8,316,874,000 | ||
Allowance for probable losses | 108,700,000 | 112,287,000 | ||
Loans Individually Evaluated for Impairment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 119,840,000 | 134,736,000 | ||
Allowance for probable losses | 0 | 60,000 | ||
Nonperforming Financing Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans receivable, gross | 164,317,000 | 197,910,000 | ||
Grade as percentage of total gross loans | 1.13% | 1.37% | ||
Nonaccrual loans by portfolio segment | $98,353,000 | $87,431,000 |
Allowance_for_Losses_on_Loans_3
Allowance for Losses on Loans - Loans Collectively and Individually Evaluated for Impairment (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | $108,700 | $112,347 | $116,741 |
Loans receivable, gross | 8,793,428 | 8,669,717 | |
Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 55,495 | 62,763 | 64,184 |
Loans receivable, gross | 5,619,694 | 5,572,244 | |
Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 5,451 | 6,742 | 8,407 |
Loans receivable, gross | 152,450 | 140,060 | |
Construction - Custom [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 965 | 1,695 | 882 |
Loans receivable, gross | 377,561 | 385,824 | |
Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 6,671 | 5,592 | 9,165 |
Loans receivable, gross | 86,405 | 80,359 | |
Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 3,113 | 3,077 | 3,552 |
Loans receivable, gross | 106,988 | 111,130 | |
Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 4,500 | 4,248 | 3,816 |
Loans receivable, gross | 980,706 | 920,285 | |
Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 5,872 | 7,548 | 5,595 |
Loans receivable, gross | 749,856 | 752,957 | |
Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 23,328 | 16,527 | 16,614 |
Loans receivable, gross | 453,418 | 434,088 | |
HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 892 | 928 | 1,002 |
Loans receivable, gross | 134,998 | 134,455 | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 2,413 | 3,227 | 3,524 |
Loans receivable, gross | 131,352 | 138,315 | |
Loans Collectively Evaluated for Impairment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 108,700 | 112,287 | |
Loans receivable, gross | 8,084,922 | 8,316,874 | |
Allowance as a percentage of outstanding loans and leases | 1.40% | 1.40% | |
Loans Collectively Evaluated for Impairment [Member] | Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 55,495 | 62,067 | |
Loans receivable, gross | 5,542,825 | 5,487,331 | |
Allowance as a percentage of outstanding loans and leases | 1.00% | 1.10% | |
Loans Collectively Evaluated for Impairment [Member] | Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 5,451 | 6,682 | |
Loans receivable, gross | 87,711 | 130,901 | |
Allowance as a percentage of outstanding loans and leases | 6.20% | 5.50% | |
Loans Collectively Evaluated for Impairment [Member] | Construction - Custom [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 965 | 1,695 | |
Loans receivable, gross | 191,787 | 385,464 | |
Allowance as a percentage of outstanding loans and leases | 0.50% | 0.50% | |
Loans Collectively Evaluated for Impairment [Member] | Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 6,671 | 5,592 | |
Loans receivable, gross | 66,953 | 73,999 | |
Allowance as a percentage of outstanding loans and leases | 10.00% | 7.60% | |
Loans Collectively Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 3,113 | 3,077 | |
Loans receivable, gross | 91,588 | 95,684 | |
Allowance as a percentage of outstanding loans and leases | 3.40% | 3.20% | |
Loans Collectively Evaluated for Impairment [Member] | Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 4,500 | 4,248 | |
Loans receivable, gross | 901,277 | 911,162 | |
Allowance as a percentage of outstanding loans and leases | 0.50% | 0.50% | |
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 5,872 | 7,548 | |
Loans receivable, gross | 533,593 | 563,534 | |
Allowance as a percentage of outstanding loans and leases | 1.10% | 1.40% | |
Loans Collectively Evaluated for Impairment [Member] | Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 23,328 | 17,223 | |
Loans receivable, gross | 425,724 | 421,816 | |
Allowance as a percentage of outstanding loans and leases | 5.40% | 4.60% | |
Loans Collectively Evaluated for Impairment [Member] | HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 892 | 928 | |
Loans receivable, gross | 116,544 | 114,393 | |
Allowance as a percentage of outstanding loans and leases | 0.80% | 0.90% | |
Loans Collectively Evaluated for Impairment [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 2,413 | 3,227 | |
Loans receivable, gross | 126,920 | 132,590 | |
Allowance as a percentage of outstanding loans and leases | 1.90% | 2.40% | |
Loans Individually Evaluated for Impairment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 60 | |
Loans receivable, gross | 119,840 | 134,736 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Single-Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 63,091 | 72,869 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Construction - Speculative [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 60 | |
Loans receivable, gross | 7,656 | 9,159 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.70% | |
Loans Individually Evaluated for Impairment [Member] | Construction - Custom [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 0 | 360 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Land - Acquisition & Development [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 3,394 | 3,833 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 12,856 | 12,939 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Multi-Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 5,019 | 6,124 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 26,217 | 27,802 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Commercial & Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 0 | 0 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | HELOC [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | 1,598 | 1,650 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% | |
Loans Individually Evaluated for Impairment [Member] | Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Allowance for probable losses | 0 | 0 | |
Loans receivable, gross | $9 | $0 | |
Allowance as a percentage of outstanding loans and leases | 0.00% | 0.00% |
Allowance_for_Losses_on_Loans_4
Allowance for Losses on Loans - Internally Assigned Grade (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | $8,793,428 | $8,669,717 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 8,527,567 | 8,423,666 |
Grade as percentage of total gross loans | 97.00% | 97.20% |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 34,511 | 37,860 |
Grade as percentage of total gross loans | 0.40% | 0.40% |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 231,329 | 208,133 |
Grade as percentage of total gross loans | 2.60% | 2.40% |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 21 | 58 |
Grade as percentage of total gross loans | 0.00% | 0.00% |
Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Grade as percentage of total gross loans | 0.00% | 0.00% |
Single-Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 5,619,694 | 5,572,244 |
Construction - Speculative [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 152,450 | 140,060 |
Construction - Custom [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 377,561 | 385,824 |
Land - Acquisition & Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 86,405 | 80,359 |
Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 106,988 | 111,130 |
Multi-Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 980,706 | 920,285 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 749,856 | 752,957 |
Commercial & Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 453,418 | 434,088 |
HELOC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 134,998 | 134,455 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 131,352 | 138,315 |
Non-Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 8,538,202 | 8,409,022 |
Non-Acquired Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 8,308,732 | 8,205,380 |
Non-Acquired Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 17,965 | 19,504 |
Non-Acquired Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 211,505 | 184,138 |
Non-Acquired Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 5,608,208 | 5,560,203 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 5,484,864 | 5,426,895 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,357 | 2,793 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 120,987 | 130,515 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 152,450 | 140,060 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 147,979 | 134,950 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 4,471 | 5,110 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 377,561 | 385,824 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 377,561 | 385,824 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Construction - Custom [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 84,000 | 77,832 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 78,428 | 71,692 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 5,572 | 6,140 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 104,492 | 108,623 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 103,890 | 108,013 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 602 | 610 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Multi-Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 977,752 | 917,286 |
Non-Acquired Loans [Member] | Multi-Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 971,647 | 912,728 |
Non-Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 6,105 | 4,558 |
Non-Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Multi-Family [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 597,436 | 591,336 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 566,553 | 557,914 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 1,955 | 1,971 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 28,928 | 31,451 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 391,327 | 379,226 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 333,082 | 359,221 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 13,653 | 14,740 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 44,592 | 5,265 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | HELOC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 118,047 | 116,042 |
Non-Acquired Loans [Member] | HELOC [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 117,799 | 115,794 |
Non-Acquired Loans [Member] | HELOC [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | HELOC [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 248 | 248 |
Non-Acquired Loans [Member] | HELOC [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | HELOC [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 126,929 | 132,590 |
Non-Acquired Loans [Member] | Consumer [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 126,929 | 132,349 |
Non-Acquired Loans [Member] | Consumer [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Consumer [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 241 |
Non-Acquired Loans [Member] | Consumer [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Non-Acquired Loans [Member] | Consumer [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 180,572 | 181,355 |
Acquired Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 158,844 | 156,954 |
Acquired Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 13,743 | 16,213 |
Acquired Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 7,964 | 8,130 |
Acquired Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 21 | 58 |
Acquired Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Single-Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 11,163 | 11,716 |
Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 11,163 | 11,716 |
Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 872 | 905 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 479 | 503 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 393 | 402 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,496 | 2,507 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,496 | 2,507 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Multi-Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,954 | 2,999 |
Acquired Loans [Member] | Multi-Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,954 | 2,999 |
Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Multi-Family [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 92,133 | 97,898 |
Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 83,991 | 88,974 |
Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 742 | 2,571 |
Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 7,400 | 6,353 |
Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 58,836 | 51,386 |
Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 45,643 | 36,311 |
Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 13,001 | 13,642 |
Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 171 | 1,375 |
Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 21 | 58 |
Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | HELOC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 7,749 | 8,274 |
Acquired Loans [Member] | HELOC [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 7,749 | 8,274 |
Acquired Loans [Member] | HELOC [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | HELOC [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | HELOC [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | HELOC [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 4,369 | 5,670 |
Acquired Loans [Member] | Consumer [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 4,369 | 5,670 |
Acquired Loans [Member] | Consumer [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Consumer [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Consumer [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Acquired Loans [Member] | Consumer [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 74,654 | 79,340 |
Credit Impaired Acquired Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 59,991 | 61,332 |
Credit Impaired Acquired Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,803 | 2,143 |
Credit Impaired Acquired Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 11,860 | 15,865 |
Credit Impaired Acquired Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 323 | 325 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 323 | 325 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 1,533 | 1,622 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 1,244 | 1,292 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 289 | 330 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 1,533 | 1,622 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 9,256 | 10,194 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 9,256 | 10,194 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 60,287 | 63,723 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 48,716 | 48,878 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 2,143 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 11,571 | 12,702 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 3,255 | 3,476 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 452 | 643 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 2,803 | 0 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 2,833 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 0 | 0 |
Credit Impaired Acquired Loans [Member] | HELOC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | 9,202 | 10,139 |
Credit Impaired Acquired Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable, gross | $54 | $55 |
Allowance_for_Losses_on_Loans_5
Allowance for Losses on Loans - Credit Risk Profile Based on Payment Activity (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | $8,793,428 | $8,669,717 | |
Nonaccrual loans by portfolio segment | 98,353 | 87,431 | 114,717 |
Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 8,439,849 | 8,321,591 | |
Grade as percentage of total gross loans | 98.80% | 99.00% | |
Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 164,317 | 197,910 | |
Grade as percentage of total gross loans | 1.13% | 1.37% | |
Nonaccrual loans by portfolio segment | 98,353 | 87,431 | |
Grade as a percentage of total gross loans | 1.20% | 1.00% | |
Single-Family Residential [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 5,619,694 | 5,572,244 | |
Nonaccrual loans by portfolio segment | 74,416 | 74,067 | |
Single-Family Residential [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 5,533,792 | 5,486,136 | |
Grade as percentage of total gross loans | 98.70% | 98.70% | |
Single-Family Residential [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 74,416 | 74,067 | |
Grade as a percentage of total gross loans | 1.30% | 1.30% | |
Construction - Speculative [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 152,450 | 140,060 | |
Nonaccrual loans by portfolio segment | 1,329 | 1,477 | |
Construction - Speculative [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 151,121 | 138,583 | |
Grade as percentage of total gross loans | 99.10% | 98.90% | |
Construction - Speculative [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,329 | 1,477 | |
Grade as a percentage of total gross loans | 0.90% | 1.10% | |
Construction - Custom [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 377,561 | 385,824 | |
Construction - Custom [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 377,561 | 385,824 | |
Grade as percentage of total gross loans | 100.00% | 100.00% | |
Construction - Custom [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 0 | 0 | |
Grade as a percentage of total gross loans | 0.00% | 0.00% | |
Land - Acquisition & Development [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 86,405 | 80,359 | |
Nonaccrual loans by portfolio segment | 0 | 811 | |
Land - Acquisition & Development [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 84,000 | 77,021 | |
Grade as percentage of total gross loans | 100.00% | 99.00% | |
Land - Acquisition & Development [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 0 | 811 | |
Grade as a percentage of total gross loans | 0.00% | 1.00% | |
Land - Consumer Lot Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 106,988 | 111,130 | |
Nonaccrual loans by portfolio segment | 2,260 | 2,637 | |
Land - Consumer Lot Loans [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 102,232 | 105,986 | |
Grade as percentage of total gross loans | 97.80% | 97.60% | |
Land - Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 2,260 | 2,637 | |
Grade as a percentage of total gross loans | 2.20% | 2.40% | |
Multi-Family [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 980,706 | 920,285 | |
Nonaccrual loans by portfolio segment | 1,019 | 1,742 | |
Multi-Family [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 976,733 | 915,544 | |
Grade as percentage of total gross loans | 99.90% | 99.80% | |
Multi-Family [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,019 | 1,742 | |
Grade as a percentage of total gross loans | 0.10% | 0.20% | |
Commercial Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 749,856 | 752,957 | |
Nonaccrual loans by portfolio segment | 15,970 | 5,106 | |
Commercial Real Estate [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 581,466 | 586,230 | |
Grade as percentage of total gross loans | 97.30% | 99.10% | |
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 15,970 | 5,106 | |
Grade as a percentage of total gross loans | 2.70% | 0.90% | |
Commercial & Industrial [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 453,418 | 434,088 | |
Nonaccrual loans by portfolio segment | 672 | 7 | |
Commercial & Industrial [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 390,655 | 379,219 | |
Grade as percentage of total gross loans | 99.80% | 100.00% | |
Commercial & Industrial [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 672 | 7 | |
Grade as a percentage of total gross loans | 0.20% | 0.00% | |
HELOC [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 134,998 | 134,455 | |
Nonaccrual loans by portfolio segment | 1,454 | 795 | |
HELOC [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 116,593 | 115,247 | |
Grade as percentage of total gross loans | 98.80% | 99.30% | |
HELOC [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | 1,454 | 795 | |
Grade as a percentage of total gross loans | 1.20% | 0.70% | |
Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 131,352 | 138,315 | |
Nonaccrual loans by portfolio segment | 1,233 | 789 | |
Consumer [Member] | Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Loans receivable, gross | 125,696 | 131,801 | |
Grade as percentage of total gross loans | 99.00% | 99.40% | |
Consumer [Member] | Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Nonaccrual loans by portfolio segment | $1,233 | $789 | |
Grade as a percentage of total gross loans | 1.00% | 0.60% |
Allowance_for_Losses_on_Loans_6
Allowance for Losses on Loans - Impaired Loans Based on Loan Types (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | $412,604 | $435,185 |
Unpaid Principal Balance | 443,875 | 470,190 |
Related Allowance | 9,964 | 10,587 |
Average Recorded Investment | 409,125 | 403,138 |
Amount of related allowance included in specific reserves | 60 | |
Amount of related allowance included in general reserves | 10,527 | |
Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 62,657 | 46,680 |
Unpaid Principal Balance | 85,523 | 73,123 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 57,876 | 37,474 |
Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 349,947 | 388,505 |
Unpaid Principal Balance | 358,352 | 397,067 |
Related Allowance | 9,964 | 10,587 |
Average Recorded Investment | 351,249 | 365,664 |
Single-Family Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 328,470 | 346,364 |
Unpaid Principal Balance | 335,868 | 354,497 |
Related Allowance | 9,964 | 10,527 |
Average Recorded Investment | 325,610 | 333,191 |
Single-Family Residential [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 24,441 | 24,044 |
Unpaid Principal Balance | 26,661 | 26,628 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 21,251 | 16,843 |
Single-Family Residential [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 304,029 | 322,320 |
Unpaid Principal Balance | 309,207 | 327,869 |
Related Allowance | 9,964 | 10,527 |
Average Recorded Investment | 304,359 | 316,348 |
Construction - Speculative [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 7,323 | 9,159 |
Unpaid Principal Balance | 8,383 | 10,159 |
Related Allowance | 0 | 60 |
Average Recorded Investment | 7,546 | 9,336 |
Construction - Speculative [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 1,006 | 1,603 |
Unpaid Principal Balance | 1,201 | 2,173 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 1,040 | 1,804 |
Construction - Speculative [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 6,317 | 7,556 |
Unpaid Principal Balance | 7,182 | 7,986 |
Related Allowance | 0 | 60 |
Average Recorded Investment | 6,506 | 7,532 |
Land - Acquisition & Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 5,028 | 5,533 |
Unpaid Principal Balance | 7,341 | 7,961 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 5,280 | 5,152 |
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 790 | 837 |
Unpaid Principal Balance | 2,163 | 2,325 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 813 | 1,038 |
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 4,238 | 4,696 |
Unpaid Principal Balance | 5,178 | 5,636 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 4,467 | 4,114 |
Land - Consumer Lot Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 13,920 | 13,976 |
Unpaid Principal Balance | 14,401 | 14,457 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 13,714 | 13,571 |
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 1,689 | 974 |
Unpaid Principal Balance | 1,787 | 1,072 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 1,268 | 713 |
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 12,231 | 13,002 |
Unpaid Principal Balance | 12,614 | 13,385 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 12,446 | 12,858 |
Multi-Family [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 4,747 | 6,354 |
Unpaid Principal Balance | 4,747 | 6,574 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 4,896 | 5,284 |
Multi-Family [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 1,255 | 1,111 |
Unpaid Principal Balance | 1,255 | 1,111 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 1,068 | 327 |
Multi-Family [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 3,492 | 5,243 |
Unpaid Principal Balance | 3,492 | 5,463 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 3,828 | 4,957 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 45,261 | 47,393 |
Unpaid Principal Balance | 52,248 | 55,113 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 44,974 | 30,292 |
Commercial Real Estate [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 27,233 | 13,234 |
Unpaid Principal Balance | 33,352 | 20,085 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 26,902 | 11,720 |
Commercial Real Estate [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 18,028 | 34,159 |
Unpaid Principal Balance | 18,896 | 35,028 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 18,072 | 18,572 |
Commercial & Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 4,429 | 3,195 |
Unpaid Principal Balance | 16,320 | 17,166 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 3,812 | 3,900 |
Commercial & Industrial [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 4,429 | 3,195 |
Unpaid Principal Balance | 16,320 | 17,166 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 3,812 | 3,900 |
HELOC [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 2,649 | 2,505 |
Unpaid Principal Balance | 3,434 | 3,216 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 2,561 | 1,816 |
HELOC [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 1,163 | 1,019 |
Unpaid Principal Balance | 1,948 | 1,730 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 1,075 | 612 |
HELOC [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 1,486 | 1,486 |
Unpaid Principal Balance | 1,486 | 1,486 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 1,486 | 1,204 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 777 | 706 |
Unpaid Principal Balance | 1,133 | 1,047 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 732 | 596 |
Consumer [Member] | Financing Receivable, Impairment, No Related Allowance [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 651 | 663 |
Unpaid Principal Balance | 836 | 833 |
Related Allowance | 0 | 0 |
Average Recorded Investment | 647 | 517 |
Consumer [Member] | Financing Receivable, Impairment, Allowance Recorded [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 126 | 43 |
Unpaid Principal Balance | 297 | 214 |
Related Allowance | 0 | 0 |
Average Recorded Investment | $85 | $79 |
Fair_Value_Measurements_Measur
Fair Value Measurements - Measured on a Recurring and Nonrecurring Basis (Details) (USD $) | 3 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | $2,895,056,000 | $3,049,442,000 | |
Liabilities, recurring | 0 | 0 | |
Liabilities, nonrecurring | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 2,895,056,000 | 3,049,442,000 | |
Level 1 to level 2 transfers | 0 | 0 | |
Level 2 to level 1 transfers | 0 | 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 [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 101,636,000 | 101,387,000 | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 2,793,420,000 | 2,948,055,000 | |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 38,088,000 | 17,208,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 146,000 | 5,580,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Covered Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 1,041,000 | 1,286,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Real Estate Held for Sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 36,901,000 | 10,342,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Change During Period, Fair Value Disclosure [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses (gains), nonrecurring | -8,173,000 | 2,985,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Change During Period, Fair Value Disclosure [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses (gains), nonrecurring | 64,000 | -805,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Change During Period, Fair Value Disclosure [Member] | Covered Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses (gains), nonrecurring | 75,000 | 65,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Change During Period, Fair Value Disclosure [Member] | Real Estate Held for Sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Losses (gains), nonrecurring | -8,312,000 | 3,725,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Covered Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Real Estate Held for Sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Covered Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Real Estate Held for Sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 38,088,000 | 17,208,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Impaired Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 146,000 | 5,580,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Covered Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 1,041,000 | 1,286,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Real Estate Held for Sale [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets | 36,901,000 | 10,342,000 | |
Equity Securities [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 101,636,000 | 101,387,000 | |
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 101,636,000 | 101,387,000 | |
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 101,636,000 | 101,387,000 | |
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
US Treasury and Government [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 620,018,000 | 731,943,000 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 620,018,000 | 731,943,000 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 620,018,000 | 731,943,000 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Obligations of States and Political Subdivisions [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 24,068,000 | 23,681,000 | |
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 24,068,000 | 23,681,000 | |
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 24,068,000 | 23,681,000 | |
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Corporate Debt Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 527,938,000 | 509,007,000 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 527,938,000 | 509,007,000 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 527,938,000 | 509,007,000 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 1,527,810,000 | 1,584,508,000 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 1,527,810,000 | 1,584,508,000 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 1,527,810,000 | 1,584,508,000 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Commercial Mortgage Backed Securities [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 93,586,000 | 98,916,000 | |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 93,586,000 | 98,916,000 | |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 93,586,000 | 98,916,000 | |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities, at fair value | 0 | 0 | |
Restatement Adjustment [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Real estate acquired through foreclosure | $8,200,000 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements - Fair Value by Balance Sheet Grouping (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | $2,895,056 | $3,049,442 |
Held-to-maturity securities | 1,503,781 | 1,499,218 |
FHLB and FRB stock | 154,870 | 158,839 |
Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 2,895,056 | 3,049,442 |
Held-to-maturity securities | 1,516,219 | 1,548,265 |
Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 542,769 | 781,843 |
Level 1 [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 542,769 | 781,843 |
Level 1 [Member] | Equity Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 101,636 | 101,387 |
Level 1 [Member] | Equity Securities [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 101,636 | 101,387 |
Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
FHLB and FRB stock | 154,870 | 158,839 |
Customer accounts | 9,936,221 | 9,946,586 |
FHLB advances | 1,953,751 | 2,054,437 |
Off balance sheet - interest rate swaps | -4,517 | -170 |
Level 2 [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
FHLB and FRB stock | 154,870 | 158,839 |
Customer accounts | 10,578,853 | 10,716,928 |
FHLB advances | 1,830,000 | 1,930,000 |
Off balance sheet - interest rate swaps | 0 | 0 |
Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 1,503,781 | 1,499,218 |
Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held-to-maturity securities | 1,516,219 | 1,548,265 |
Level 2 [Member] | US Treasury and Government [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 620,018 | 731,943 |
Level 2 [Member] | US Treasury and Government [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 620,018 | 731,943 |
Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 24,068 | 23,681 |
Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 24,068 | 23,681 |
Level 2 [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 527,938 | 509,007 |
Level 2 [Member] | Corporate Debt Securities [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 527,938 | 509,007 |
Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 1,527,810 | 1,584,508 |
Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 1,527,810 | 1,584,508 |
Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 93,586 | 98,916 |
Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available-for-sale securities | 93,586 | 98,916 |
Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans receivable, net | 8,816,245 | 8,667,771 |
Covered loans, net | 167,129 | 176,761 |
FDIC indemnification asset | 29,559 | 35,976 |
Level 3 [Member] | Carrying Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans receivable, net | 8,253,917 | 8,148,322 |
Covered loans, net | 161,478 | 176,476 |
FDIC indemnification asset | $30,356 | $36,860 |
Fair_Value_Measurements_Invest
Fair Value Measurements - Investments by Contractual Maturity Date (Details) (USD $) | 3 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | |
Amortized Cost, Available-for-sale securities | |||
Amortized Cost | $2,853,487,000 | $3,016,432,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains | 45,420,000 | 37,273,000 | |
Gross unrealized loss | -3,851,000 | -4,263,000 | |
Fair Value, Available-for-sale securities | |||
Fair Value | 2,895,056,000 | 3,049,442,000 | |
Yield, Available-for-sale securities | |||
Yield | 1.99% | 1.99% | |
Yield, Held-to-maturity securities | |||
Investments | 4,369,706,000 | 4,564,697,000 | |
Gross unrealized gains on investments | 54,504,000 | 42,128,000 | |
Gross unrealized losses on investments | -25,373,000 | -58,165,000 | |
Fair value of investments | 4,398,837,000 | 4,548,660,000 | |
Yield on investments | 2.39% | 2.38% | |
Available-for-sale securities sold | 0 | 0 | |
Term of contractual due dates of substantially all mortgage-backed securities | 10 years | ||
US Treasury and Government [Member] | |||
Amortized Cost, Available-for-sale securities | |||
1 to 5 years | 120,467,000 | 171,154,000 | |
5 to 10 years | 153,525,000 | 203,317,000 | |
Over 10 years | 344,088,000 | 354,828,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, 1 to 5 years | 2,396,000 | 2,585,000 | |
Gross unrealized gains, 5 to 10 years | 64,000 | 300,000 | |
Gross unrealized gains, Over 10 years | 336,000 | 1,028,000 | |
Gross unrealized losses, 1 to 5 years | -426,000 | -748,000 | |
Gross unrealized losses, 5 to 10 years | -5,000 | -102,000 | |
Gross unrealized losses, Over 10 years | -427,000 | -419,000 | |
Fair Value, Available-for-sale securities | |||
1 to 5 years | 122,437,000 | 172,991,000 | |
5 to 10 years | 153,584,000 | 203,515,000 | |
Over 10 years | 343,997,000 | 355,437,000 | |
Yield, Available-for-sale securities | |||
1 to 5 years | 1.47% | 1.26% | |
5 to 10 years | 1.12% | 1.45% | |
Over 10 years | 1.26% | 1.25% | |
Equity Securities [Member] | |||
Amortized Cost, Available-for-sale securities | |||
Within 1 year | 500,000 | ||
1 to 5 years | 100,000,000 | 100,500,000 | |
5 to 10 years | 0 | 0 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, Within 1 year | 16,000 | ||
Gross unrealized gains, 1 to 5 years | 1,120,000 | 887,000 | |
Gross unrealized gains, 5 to 10 years | 0 | 0 | |
Gross unrealized losses, Within 1 year | 0 | ||
Gross unrealized losses, 1 to 5 years | 0 | 0 | |
Gross unrealized losses, 5 to 10 years | 0 | 0 | |
Fair Value, Available-for-sale securities | |||
Within 1 year | 516,000 | ||
1 to 5 years | 101,120,000 | 101,387,000 | |
5 to 10 years | 0 | 0 | |
Yield, Available-for-sale securities | |||
Within 1 year | 1.80% | ||
1 to 5 years | 1.90% | 1.90% | |
5 to 10 years | 0.00% | 0.00% | |
Corporate Debt Securities [Member] | |||
Amortized Cost, Available-for-sale securities | |||
Within 1 year | 15,000,000 | 15,000,000 | |
1 to 5 years | 302,627,000 | 302,540,000 | |
5 to 10 years | 158,236,000 | 138,201,000 | |
Over 10 years | 50,000,000 | 50,000,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, Within 1 year | 67,000 | 75,000 | |
Gross unrealized gains, 1 to 5 years | 1,524,000 | 2,372,000 | |
Gross unrealized gains, 5 to 10 years | 1,787,000 | 1,789,000 | |
Gross unrealized gains, Over 10 years | 0 | 0 | |
Gross unrealized losses, Within 1 year | 0 | 0 | |
Gross unrealized losses, 1 to 5 years | -6,000 | 0 | |
Gross unrealized losses, 5 to 10 years | -1,297,000 | -970,000 | |
Gross unrealized losses, Over 10 years | 0 | 0 | |
Fair Value, Available-for-sale securities | |||
Within 1 year | 15,067,000 | 15,075,000 | |
1 to 5 years | 304,145,000 | 304,912,000 | |
5 to 10 years | 158,726,000 | 139,020,000 | |
Over 10 years | 50,000,000 | 50,000,000 | |
Yield, Available-for-sale securities | |||
Within 1 year | 1.00% | 1.00% | |
1 to 5 years | 0.71% | 0.71% | |
5 to 10 years | 1.42% | 1.43% | |
Over 10 years | 3.00% | 3.00% | |
Municipal Bonds [Member] | |||
Amortized Cost, Available-for-sale securities | |||
Over 10 years | 20,397,000 | 20,402,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, Over 10 years | 3,671,000 | 3,279,000 | |
Gross unrealized losses, Over 10 years | 0 | 0 | |
Fair Value, Available-for-sale securities | |||
Over 10 years | 24,068,000 | 23,681,000 | |
Yield, Available-for-sale securities | |||
Over 10 years | 6.45% | 6.45% | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Amortized Cost, Available-for-sale securities | |||
Without single maturity date | 1,495,114,000 | 1,561,639,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, Without single maturity date | 34,386,000 | 24,893,000 | |
Gross unrealized losses, Without single maturity date | -1,690,000 | -2,024,000 | |
Fair Value, Available-for-sale securities | |||
Without single maturity date | 1,527,810,000 | 1,584,508,000 | |
Yield, Available-for-sale securities | |||
Without single maturity date | 2.57% | 2.57% | |
Amortized Cost, Held-to-maturity securities | |||
Without single maturity date | 1,516,219,000 | 1,548,265,000 | |
Gross Unrealized Gains / Losses, Held-to-maturity securities | |||
Gross unrealized gains, Without single maturity date | 9,084,000 | 4,855,000 | |
Gross unrealized losses, Without single maturity date | -21,522,000 | -53,902,000 | |
Fair Value, Held-to-maturity securities | |||
Without single maturity date | 1,503,781,000 | 1,499,218,000 | |
Yield, Held-to-maturity securities | |||
Without a single maturity date | 3.13% | 3.13% | |
Commercial Mortgage Backed Securities [Member] | |||
Amortized Cost, Available-for-sale securities | |||
Without single maturity date | 93,533,000 | 98,851,000 | |
Gross Unrealized Gains / Losses, Available-for-sale securities | |||
Gross unrealized gains, Without single maturity date | 53,000 | 65,000 | |
Gross unrealized losses, Without single maturity date | 0 | 0 | |
Fair Value, Available-for-sale securities | |||
Without single maturity date | $93,586,000 | $98,916,000 | |
Yield, Available-for-sale securities | |||
Without single maturity date | 1.51% | 1.49% |
Fair_Value_Measurements_Securi
Fair Value Measurements - Securities in Unrealized Loss Positions (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, unrealized gross loss | ($1,249) | ($812) |
Less than 12 Months, fair value | 381,422 | 360,665 |
12 months or longer, aggregate losses | -24,124 | -57,353 |
12 months or longer, fair value | 1,456,446 | 1,642,718 |
Aggregate losses | -25,373 | -58,165 |
Fair value | 1,837,868 | 2,003,383 |
Corporate Bond Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, unrealized gross loss | -406 | -125 |
Less than 12 Months, fair value | 72,688 | 24,875 |
12 months or longer, aggregate losses | -897 | -845 |
12 months or longer, fair value | 24,104 | 24,155 |
Aggregate losses | -1,303 | -970 |
Fair value | 96,792 | 49,030 |
US Government Agencies Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, unrealized gross loss | -422 | -472 |
Less than 12 Months, fair value | 246,045 | 316,578 |
12 months or longer, aggregate losses | -436 | -797 |
12 months or longer, fair value | 99,564 | 109,354 |
Aggregate losses | -858 | -1,269 |
Fair value | 345,609 | 425,932 |
Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, unrealized gross loss | -421 | -215 |
Less than 12 Months, fair value | 62,689 | 19,212 |
12 months or longer, aggregate losses | -22,791 | -55,711 |
12 months or longer, fair value | 1,332,778 | 1,509,209 |
Aggregate losses | -23,212 | -55,926 |
Fair value | $1,395,467 | $1,528,421 |
Covered_Assets_Additional_Info
Covered Assets - Additional Information (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
Covered Assets [Abstract] | ||
Covered assets | $180,883,000 | $200,558,000 |
Acquired loans classified as non-performing | 0 | |
Covered loans, gross | 192,637,000 | 213,203,000 |
Receivable with imputed interest, discount | $28,916,000 | $34,483,000 |
Covered_Assets_Acquired_Impair
Covered Assets - Acquired Impaired and Non-impaired Loans (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Accretion, carrying amount of loans | $140 | $802 |
Acquired Impaired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Balance at beginning of period, accretable yield | 64,534 | 78,277 |
Balance at beginning of period, carrying amount of loans | 78,055 | 138,091 |
Reclassification from nonaccretable balance, net, accretable yield | 10,186 | |
Reclassification from nonaccretable balance, net, Carrying Amount of Loans | -2,069 | |
Accretion, accretable yield | -4,509 | -23,929 |
Accretion, carrying amount of loans | 4,509 | 23,929 |
Transfers to REO, accretable yield | 0 | 0 |
Transfers to REO, carrying amount of loans | -51 | -8,943 |
Payments received, net, accretable yield | 0 | 0 |
Payments received, net, carrying amount of loans | -4,025 | -72,953 |
Balance at end of period, accretable yield | 60,025 | 64,534 |
Balance at end of period, carrying amount of loans | 78,488 | 78,055 |
Acquired Non Impaired Assets [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Balance at beginning of period, accretable yield | 10,259 | 17,263 |
Balance at beginning of period, carrying amount of loans | 98,422 | 157,856 |
Reclassification from nonaccretable balance, net, accretable yield | 0 | |
Reclassification from nonaccretable balance, net, Carrying Amount of Loans | 0 | |
Accretion, accretable yield | -1,909 | -7,004 |
Accretion, carrying amount of loans | 1,909 | 7,004 |
Transfers to REO, accretable yield | 0 | 0 |
Transfers to REO, carrying amount of loans | 0 | 0 |
Payments received, net, accretable yield | 0 | 0 |
Payments received, net, carrying amount of loans | -16,942 | -66,438 |
Balance at end of period, accretable yield | 8,350 | 10,259 |
Balance at end of period, carrying amount of loans | $83,389 | $98,422 |
Covered_Assets_FDIC_Indemnific
Covered Assets - FDIC Indemnification Assets (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 |
FDIC Indemnification Asset [Roll Forward] | ||
FDIC indemnification asset, beginning balance | $36,860 | $64,615 |
Additions | 0 | 1,795 |
Payments made (received) | 430 | -2,502 |
Amortization | -7,074 | -27,850 |
Accretion | 140 | 802 |
FDIC indemnification asset, ending balance | $30,356 | $36,860 |
Covered_Assets_Credit_Risk_Pro
Covered Assets - Credit Risk Profile by Internally Assigned Grade by Loan Status Designation (Details) (USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Covered loans, gross | $192,637 | $213,203 |
Discount balance related to acquired loans | -28,916 | -34,483 |
Covered loans, allowance for losses | -2,243 | -2,244 |
Loans and Leases Receivable, Covered Loans, Net Reported Amount | 161,478 | 176,476 |
Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 83,445 | 100,161 |
Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 109,192 | 113,042 |
Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 21,876 | 23,067 |
Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 389 | 1,364 |
Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 73 | 73 |
Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 4,250 | 6,598 |
Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 40,127 | 51,336 |
Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 5,111 | 5,492 |
HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 11,226 | 11,777 |
Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 393 | 454 |
Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 19,270 | 20,261 |
Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 15,385 | 15,964 |
Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 491 | 523 |
Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 3,939 | 3,977 |
Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 62,672 | 64,391 |
Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 7,435 | 7,926 |
Pass [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Grade as percentage of total gross loans | 97.00% | 97.20% |
Pass [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 64,752 | 70,926 |
Grade as percentage of total gross loans | 77.60% | 70.80% |
Pass [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 61,680 | 64,208 |
Pass [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 20,664 | 21,311 |
Pass [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 353 | 972 |
Pass [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 73 | 73 |
Pass [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 4,250 | 6,598 |
Pass [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 25,317 | 26,940 |
Pass [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 2,476 | 2,801 |
Pass [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 11,226 | 11,777 |
Pass [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 393 | 454 |
Pass [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 7,128 | 8,349 |
Pass [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 15,061 | 15,585 |
Pass [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 51 | 52 |
Pass [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 2,772 | 2,804 |
Pass [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 33,543 | 33,909 |
Pass [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 3,125 | 3,509 |
Special Mention [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Grade as percentage of total gross loans | 0.40% | 0.40% |
Special Mention [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 115 |
Grade as percentage of total gross loans | 0.00% | 0.10% |
Special Mention [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 692 | 700 |
Special Mention [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 115 |
Special Mention [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Special Mention [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 692 | 700 |
Special Mention [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Substandard [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Grade as percentage of total gross loans | 2.60% | 2.40% |
Substandard [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 18,693 | 29,120 |
Grade as percentage of total gross loans | 22.40% | 29.10% |
Substandard [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 46,303 | 47,609 |
Substandard [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 1,212 | 1,756 |
Substandard [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 36 | 392 |
Substandard [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Substandard [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Substandard [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 14,810 | 24,281 |
Substandard [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 2,635 | 2,691 |
Substandard [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Substandard [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Substandard [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 12,142 | 11,912 |
Substandard [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 324 | 379 |
Substandard [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 440 | 471 |
Substandard [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 1,167 | 1,173 |
Substandard [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 28,437 | 29,782 |
Substandard [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 3,793 | 3,892 |
Doubtful [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Grade as percentage of total gross loans | 0.00% | 0.00% |
Doubtful [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Grade as percentage of total gross loans | 0.00% | 0.00% |
Doubtful [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 517 | 525 |
Doubtful [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Doubtful [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 517 | 525 |
Loss [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Grade as percentage of total gross loans | 0.00% | 0.00% |
Loss [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Grade as percentage of total gross loans | 0.00% | 0.00% |
Loss [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 0 | 0 |
Loss [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member] | ||
Covered Assets, Loan Status Designation [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | $0 | $0 |
Covered_Assets_Aging_Analysis_
Covered Assets - Aging Analysis of Non-Credit Impaired Loans (Details) (Acquired Non Impaired Assets [Member], USD $) | Dec. 31, 2014 | Sep. 30, 2014 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | $83,445 | $100,161 |
Current | 82,807 | 98,342 |
30 Days | 56 | 241 |
60 Days | 204 | 40 |
90 Days | 378 | 1,538 |
Total | 638 | 1,819 |
Ratio of past due loans to total loans receivable | 0.76% | 1.82% |
Single-Family Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 21,876 | 23,067 |
Current | 21,306 | 22,391 |
30 Days | 27 | 230 |
60 Days | 201 | 40 |
90 Days | 342 | 406 |
Total | 570 | 676 |
Ratio of past due loans to total loans receivable | 2.61% | 2.93% |
Land - Acquisition & Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 389 | 1,364 |
Current | 353 | 1,328 |
30 Days | 0 | 0 |
60 Days | 0 | 0 |
90 Days | 36 | 36 |
Total | 36 | 36 |
Ratio of past due loans to total loans receivable | 9.25% | 2.64% |
Land - Consumer Lot Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 73 | 73 |
Current | 73 | 73 |
30 Days | 0 | 0 |
60 Days | 0 | 0 |
90 Days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans receivable | 0.00% | 0.00% |
Multi-Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 4,250 | 6,598 |
Current | 4,250 | 5,502 |
30 Days | 0 | 0 |
60 Days | 0 | 0 |
90 Days | 0 | 1,096 |
Total | 0 | 1,096 |
Ratio of past due loans to total loans receivable | 0.00% | 16.61% |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 40,127 | 51,336 |
Current | 40,127 | 51,336 |
30 Days | 0 | 0 |
60 Days | 0 | 0 |
90 Days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans receivable | 0.00% | 0.00% |
Commercial & Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 5,111 | 5,492 |
Current | 5,111 | 5,492 |
30 Days | 0 | 0 |
60 Days | 0 | 0 |
90 Days | 0 | 0 |
Total | 0 | 0 |
Ratio of past due loans to total loans receivable | 0.00% | 0.00% |
HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 11,226 | 11,777 |
Current | 11,197 | 11,777 |
30 Days | 29 | 0 |
60 Days | 0 | 0 |
90 Days | 0 | 0 |
Total | 29 | 0 |
Ratio of past due loans to total loans receivable | 0.26% | 0.00% |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amount of Loans Net of LIP & Chg.-Offs | 393 | 454 |
Current | 390 | 443 |
30 Days | 0 | 11 |
60 Days | 3 | 0 |
90 Days | 0 | 0 |
Total | $3 | $11 |
Ratio of past due loans to total loans receivable | 0.76% | 2.42% |
Derivatives_and_Hedging_Activi2
Derivatives and Hedging Activities (Details) (USD $) | 3 Months Ended | |
Dec. 31, 2014 | Sep. 30, 2014 | |
Interest rate swap agreements | ||
Derivative [Line Items] | ||
Notional amount | $291,896,000 | $264,169,000 |
Gain (loss) on derivative instruments | 0 | |
Fee income included in miscellaneous loan fees | 196,000 | |
Interest rate swap agreements | Forward Contracts | ||
Derivative [Line Items] | ||
Notional amount | 200,000,000 | |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | 2,857,000 | |
Interest rate contracts | Other assets | ||
Derivative [Line Items] | ||
Asset derivatives, fair value | 5,626,000 | 2,879,000 |
Interest rate contracts | Other liabilities | ||
Derivative [Line Items] | ||
Liability derivatives, fair value | 5,626,000 | 2,879,000 |
Interest rate contracts | Forward Contracts | Other assets | ||
Derivative [Line Items] | ||
Asset derivatives, fair value | 0 | 0 |
Interest rate contracts | Forward Contracts | Other liabilities | ||
Derivative [Line Items] | ||
Liability derivatives, fair value | $4,517,000 | $0 |