10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2012

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-34654

WASHINGTON FEDERAL, INC.

(Exact name of registrant as specified in its charter)

Washington	91-1661606
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
425 Pike Street Seattle, Washington 98101
(Address of principal executive offices and zip code)
(206) 624-7930
(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files)    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title of class:	at May 4, 2012
Common stock, $1.00 par value	106,875,953

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I
Item 1.	Financial Statements (Unaudited)
	The Condensed Consolidated Financial Statements of Washington Federal, Inc. and Subsidiaries filed as a part of the report are as follows:
	Consolidated Statements of Financial Condition as of March 31, 2012 and September 30, 2011	3
	Consolidated Statements of Operations for the quarters and six months ended March 31, 2012 and 2011	4
	Consolidated Statements of Comprehensive Income for the quarters and six months ended March 31, 2012 and 2011	5
	Consolidated Statements of Cash Flows for the six months ended March 31, 2012 and 2011	6
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	34
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	43
Item 4.	Controls and Procedures	43
PART II
Item 1.	Legal Proceedings	44
Item 1A.	Risk Factors	44
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45
Item 3.	Defaults Upon Senior Securities	45
Item 5.	Other Information	45
Item 6.	Exhibits	46
	Signatures	47

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	March 31, 2012			September 30, 2011
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	890,347		$	816,002
Available-for-sale securities, including encumbered securities of $1,001,116 and $965,927, at fair value	3,687,625			3,255,144
Held-to-maturity securities, including encumbered securities of $37,912 and $45,086, at amortized cost	38,707			47,036
Loans receivable, net	7,676,017			7,935,877
Covered loans, net	321,634			382,183
Interest receivable	54,119			52,332
Premises and equipment, net	174,580			166,593
Real estate held for sale	120,095			159,829
Covered real estate held for sale	35,809			56,383
FDIC indemnification asset	100,875			101,634
FHLB stock	151,747			151,755
Intangible assets, net	257,250			256,271
Federal and state income taxes	4,406			—
Other assets	50,897			59,710
	$	13,564,108		$	13,440,749
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	2,864,624		$	2,662,188
Time deposit accounts	5,933,816			6,003,715
	8,798,440			8,665,903
FHLB advances	1,960,041			1,962,066
Other borrowings	800,000			800,000
Advance payments by borrowers for taxes and insurance	29,415			39,548
Federal and State income taxes	—			1,535
Accrued expenses and other liabilities	68,155			65,164
	11,656,051			11,534,216
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 129,919,851 and 129,853,534 shares issued; 106,867,527 and 108,976,410 shares outstanding	129,920			129,854
Paid-in capital	1,584,803			1,582,843
Accumulated other comprehensive income, net of taxes	65,183			85,789
Treasury stock, at cost; 23,052,324 and 20,877,124 shares	(298,972		)	(268,665		)
Retained earnings	427,123			376,712
	1,908,057			1,906,533
	$	13,564,108		$	13,440,749

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
	(In thousands, except per share data)
INTEREST INCOME
Loans	$	123,772		$	128,634		$	251,251		$	266,550
Mortgage-backed securities	28,682			26,163			54,978			49,857
Investment securities and cash equivalents	2,127			3,742			4,278			7,722
	154,581			158,539			310,507			324,129
INTEREST EXPENSE
Customer accounts	22,016			29,450			45,965			62,184
FHLB advances and other borrowings	27,963			27,534			56,226			55,656
	49,979			56,984			102,191			117,840
Net interest income	104,602			101,555			208,316			206,289
Provision for loan losses	18,000			30,750			29,209			56,750
Net interest income after provision for loan losses	86,602			70,805			179,107			149,539
OTHER INCOME
Gain on sale of investments	—			8,147			—			8,147
Other	5,028			4,364			9,673			8,790
	5,028			12,511			9,673			16,937
OTHER EXPENSE
Compensation and benefits	20,185			17,824			38,860			35,547
Occupancy	4,094			3,636			8,025			7,151
FDIC insurance premiums	4,350			5,100			8,543			10,199
Other	8,183			6,761			15,748			14,703
	36,812			33,321			71,176			67,600
Loss on real estate acquired through foreclosure, net	(1,582		)	(9,645		)	(12,151		)	(20,198		)
Income before income taxes	53,236			40,350			105,453			78,678
Income tax provision	19,165			14,526			37,964			28,324
NET INCOME	$	34,071		$	25,824		$	67,489		$	50,354
PER SHARE DATA
Basic earnings	$	0.32		$	0.23		$	0.63		$	0.45
Diluted earnings	0.32			0.23			0.63			0.45
Cash dividends per share	0.08			0.06			0.16			0.12
Basic weighted average number of shares outstanding	107,198,829			112,278,823			107,523,686			112,364,935
Diluted weighted average number of shares outstanding, including dilutive stock options	107,237,972			112,411,414			107,549,396			112,447,927

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
	(In thousands)
Net income	$	34,071		$	25,824		$	67,489		$	50,354
Other comprehensive income net of tax:
Net unrealized loss on available-for-sales securities,
net of quarter-to-date tax of $11,047 and $9,055, and
year-to-date tax of $11,973 and $18,652, respectively	(19,013		)	(20,738		)	(20,606		)	(37,255		)
Reclassification adjustment of net gain from sale
of available-for-sale securities included in net income	—			5,153			—			5,153
Other comprehensive income	(19,013		)	(15,585		)	(20,606		)	(32,102		)
Comprehensive income	$	15,058		$	10,239		$	46,883		$	18,252

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Six Months Ended
	March 31, 2012			March 31, 2011
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	67,489		$	50,354
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	20,703			15,792
Cash received from (paid to) FDIC under loss share	(4,068		)	20,977
Depreciation	3,750			3,300
Stock option compensation expense	600			540
Provision for loan losses	29,209			56,750
Loss (gain) on real estate held for sale, net	(1,285		)	12,051
Increase in accrued interest receivable	(1,536		)	(2,835		)
Increase in FDIC loss share receivable	(2,052		)	(1,183		)
Increase in income taxes payable	6,031			18,072
FHLB stock dividends	244			(4		)
Increase in intangible assets	(1,061		)	—
Decrease in other assets	9,649			15,213
Increase (decrease) in accrued expenses and other liabilities	1,956			(21,126		)
Net cash provided by operating activities	129,629			167,901
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	342,513			361,916
FHLB stock redemptions	1,512			—
Available-for-sale securities purchased	(1,241,126		)	(967,176		)
Principal payments and maturities of available-for-sale securities	758,676			358,297
Available-for-sale securities sold	3,500			131,361
Principal payments and maturities of held-to-maturity securities	8,394			28,146
Net cash received from acquisition	50,451			—
Proceeds from sales of real estate held for sale	90,017			44,639
Proceeds from sales of covered REO	22,959			—
Premises and equipment purchased	(11,737		)	(5,462		)
Net cash provided (used) by investing activities	25,159			(48,279		)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(3,253		)	(62,268		)
Net decrease in borrowings	(19,700		)	(2,007		)
Proceeds from exercise of common stock options	28			783
Dividends paid on common stock	(17,078		)	(13,520		)
Treasury stock purchased, net	(30,307		)	(10,604		)
Decrease in advance payments by borrowers for taxes and insurance	(10,133		)	(8,667		)
Net cash used by financing activities	(80,443		)	(96,283		)
Increase in cash and cash equivalents	74,345			23,339
Cash and cash equivalents at beginning of period	816,002			888,622
Cash and cash equivalents at end of period	$	890,347		$	911,961

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Six Months Ended
	March 31, 2012			March 31, 2011
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	73,466		$	53,398
Covered real estate acquired through foreclosure	6,304			33,075
Cash paid during the period for
Interest	103,170			119,479
Income taxes	31,947			10,252
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	$	124,726		$	—
Fair value of liabilities assumed	(154,500		)	—
Net fair value of liabilities assumed	(29,774		)	—

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

NOTE A – Summary of Significant Accounting Policies

The consolidated unaudited interim financial statements included in this report have been prepared by Washington Federal, Inc. (“Company”). 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, 2011 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 Company’s 2011 Annual Report on Form 10-K (“2011 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

Loans receivable – When a borrower defaults on a loan, the Company attempts to cure the deficiency by working with the borrower. In most cases, deficiencies are cured promptly, sometimes as a result of a negotiated modification of terms. If the delinquency is not promptly cured, and negotiations do not lead to a modification of terms, the Company may institute appropriate legal action to collect the loan, which may include foreclose of collateral. If foreclosed, the collateral will be liquidated in a reasonable time frame at prices available in the market place.

The Company will consider modifying the interest rates and terms of a loan if it determines that a modification is a better alternative to foreclosure.

Loans are placed on nonaccrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. The Company does not accrue interest on loans 90 days past due or more. If payment is made on a loan so that the loan becomes less than 90 days past due, and the Company expects full collection of principal and interest, the loan is returned to full accrual status. Any interest ultimately collected is credited to income in the period of recovery. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations.

The Company maintains an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the probable and estimable losses inherent in the loan portfolio. The Company’s methodology for assessing the appropriateness of the allowance consists of two components, which include the general allowance and specific allowances.

The general loan loss allowance is established by applying a loss percentage factor to the different loan types. Management believes loan types are the most relevant factor to group loans for the allowance calculation as the risk characteristics in these groups are similar. The loss percentage factor is made up of 2 parts – the historical loss factor (“HLF”) and the qualitative loss factor (“QLF”). The HLF takes into account historical charge-offs, while the QLF is determined by loan type and allows management to augment reserve levels to reflect the current environment and portfolio performance trends including recent charge-off trends. The allowances are provided based on Management’s continuing evaluation of the pertinent factors underlying the quality of the loan portfolio, including changes in the size and composition of the loan portfolio, actual loan loss experience, current economic conditions, collateral values, geographic concentrations, seasoning of the loan portfolio, specific industry conditions, and the duration of the current business cycle. The recovery of the carrying value of loans is susceptible to future market conditions beyond the Company’s control, which may result in losses or recoveries differing from those provided.

Specific allowances are established for loans which are individually evaluated, in cases where Management has identified significant conditions or circumstances related to a loan that Management believes indicate the probability that a loss has been incurred.

Impaired loans consist of loans receivable that are not expected to have their principal and interest repaid in accordance with their contractual terms. Collateral dependent impaired loans are measured using the fair value of the collateral, less selling costs. Non-collateral dependent loans are measured at the present value of expected future cash flows.

The Company receives fees for originating loans in addition to various fees and charges related to existing loans, which may include prepayment charges, late charges and assumption fees. Deferred loan fees and costs are recognized over the life of the loans using the effective interest method.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposure is loans in process (“LIP”), which had a balance at March 31, 2012, excluding covered loans, of $133,379,000. The Company estimates losses on LIP by including LIP

8

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

with the related principal balance outstanding and then applying its general reserve methodology to the gross amount.

Certain reclassifications have been made to the financial statements to conform prior periods to current classifications.

NOTE B - Acquisitions

Western National Bank

Effective December 16, 2011, Washington Federal, acquired certain assets and liabilities, including most of the loans and deposits, of Western National Bank, headquartered in Phoenix, Arizona (“WNB”) from the Federal Deposit Insurance Corporation (“FDIC”) in an FDIC assisted transaction. Under the terms of the Purchase and Assumption Agreement, the Bank and the FDIC agreed to a discount of $53 million on net assets and no loss sharing provision or premium on deposits.

WNB operated three full-service offices in Arizona. The Bank acquired certain assets with a book value of $177 million, including $143 million in loans and $7 million in foreclosed real estate, and selected liabilities with a book value of $153 million, including $136 million in deposits. Pursuant to the purchase and assumption agreement with the FDIC, the Bank received a cash payment from the FDIC for $30 million.

The acquisition was accounted for under the acquisition method of accounting. The purchased assets and assumed liabilities were recorded at their respective acquisition date estimated fair values. The purchase accounting for acquired assets and liabilities, mainly related to the valuation of the acquired loans, is subject to future adjustment based on the completion of valuations. The amounts currently recognized in the financial statements have been determined provisionally as we are completing a fair value analysis of those assets. Final purchase accounting adjustments are expected to be complete by fiscal year end. Loans that were classified as non-performing loans by WNB are no longer classified as non-performing because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. Management believes that the new book value reflects an amount that will ultimately be collected.

South Valley Bancorp, Inc.

On April 4, 2012, the Company and South Valley Bancorp, Inc. (“South Valley”) announced the signing of a definitive merger agreement. The merger agreement calls for the merger of South Valley with and into the Company, followed by the merger of South Valley's wholly owned subsidiary, South Valley Bank & Trust, into the Company's wholly owned subsidiary, Washington Federal. Under the terms of the definitive merger agreement, each outstanding share of South Valley common stock will be converted into the right to receive: (i) 0.2962 of a share of the Company's common stock, (ii) a contingent cash payment equal to the pro rata portion of an earn-out from the net proceeds collected from a pool of specified assets of South Valley with a value of approximately $39 million as of March 31, 2012, and (iii) a contingent cash payment equal to the pro rata portion of the net proceeds, if any, received by South Valley from the sale of its trust business and/or wealth management business prior to the closing of the merger. Assuming a per share price of $16.88 for the Company's common stock, the aggregate value of the stock portion of the merger consideration is approximately $33.7 million. After consummation of the merger, the combined company will have 190 offices in eight western states with total assets of approximately $14.4 billion and total deposits of approximately $9.6 billion, based on financial results as of December 31, 2011. The merger is expected to close in the third calendar quarter of 2012, pending the receipt of all requisite regulatory approvals, the approval of South Valley's shareholders and the satisfaction of other customary closing conditions.

NOTE C – Dividends

On April 20, 2012, the Company paid its 117^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.06 for the quarters ended March 31, 2012 and 2011, respectively.

9

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	March 31, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,971,540	74.4	%	$	6,218,878	74.7	%
Construction - speculative	128,719		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	151,967		1.9		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	686,467		8.5		700,673		7.9
Commercial real estate	293,234		3.7		303,442		3.6
Commercial & industrial	94,919		1.2		109,332		1.0
HELOC	113,368		1.4		115,092		1.3
Consumer	71,081		0.9		67,509		1.1
Total non-acquired loans	7,896,828		98.4		8,299,074		100
Credit-impaired acquired loans
Single-family residential	2,093		—		—		—
Construction - speculative	139		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,490		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,229		—		—		—
Commercial real estate	101,254		1.2		—		—
Commercial & industrial	7,765		0.1		—		—
HELOC	17,215		0.2		—		—
Consumer	125		—		—		—
Total credit-impaired acquired loans	134,310		1.6		—		—
Total loans
Single-family residential	5,973,633		74.4		6,218,878		74.7
Construction - speculative	128,858		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	156,457		2.0		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	687,696		8.5		700,673		7.9
Commercial real estate	394,488		4.9		303,442		3.6
Commercial & industrial	102,684		1.3		109,332		1.0
HELOC	130,583		1.6		115,092		1.3
Consumer	71,206		0.9		67,509		1.1
Total loans	8,031,138		100	%	8,299,074		100	%
Less:
Allowance for probable losses	143,819				157,160
Loans in process	133,379				170,229
Discount on acquired loans	43,687				—
Deferred net origination fees	34,236				35,808
	355,121				363,197
	$	7,676,017			$	7,935,877

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WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following table presents the changes in the accretable yield for credit impaired acquired loans as of March 31, 2012:

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2011	$	—		$	—
Additions	21,606			92,981
Accretion	(1,790		)	1,790
Transfers to REO	—			—
Payments received, net	—			(4,148		)
Balance as of March 31, 2012	$	19,816		$	90,623

The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:

	March 31, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	116,284	70.0	%	$	126,624	60.3	%
Construction - speculative	8,190		4.9		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	25,036		15.1		37,339		17.7
Land - consumer lot loans	5,641		3.4		8,843		4.2
Multi-family	4,530		2.7		7,664		3.6
Commercial real estate	4,997		3.0		11,380		5.4
Commercial & industrial	1		—		1,679		0.8
HELOC	591		0.4		481		0.2
Consumer	344		0.2		437		0.2
Total non-accrual loans	$	166,153	100	%	$	210,465	100	%

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WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following tables provide an analysis of the age of loans in past due status as of March 31, 2012 and September 30, 2011, respectively.

March 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,969,973	$	5,784,832	$	45,826	$	28,841	$	110,474	$	185,141	3.10	%
Construction - Speculative	102,654		97,455		—		1,635		3,564		5,199		5.06
Construction - Custom	145,406		144,845		—		22		539		561		0.39
Land - Acquisition & Development	146,228		125,100		—		5,452		15,676		21,128		14.45
Land - Consumer Lot Loans	149,966		142,155		966		1,204		5,641		7,811		5.21
Multi-Family	677,730		672,517		—		683		4,530		5,213		0.77
Commercial Real Estate	292,143		286,778		672		1,950		2,743		5,365		1.84
Commercial & Industrial	94,901		94,895		5		—		1		6		0.01
HELOC	113,368		112,657		60		60		591		711		0.63
Consumer	71,080		68,993		1,196		547		344		2,087		2.94
Total non-acquired loans	7,763,449		7,530,227		48,725		40,394		144,103		233,222		3.00
Credit-impaired acquired loans
Single-Family Residential	2,093		1,755		338		—		—		338		16.15
Construction - Speculative	139		139		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,490		3,937		—		—		553		553		12.32
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,229		1,090		139		—		—		139		11.31
Commercial Real Estate	101,254		87,036		4,285		3,375		6,558		14,218		14.04
Commercial & Industrial	7,765		6,907		488		55		315		858		11.05
HELOC	17,215		15,331		—		1,084		800		1,884		10.94
Consumer	125		89		36		—		—		36		28.80
Total credit-impaired acquired loans	134,310		116,284		5,286		4,514		8,226		18,026		13.42
Total loans	$	7,897,759	$	7,646,511	$	54,011	$	44,908	$	152,329	$	251,248	3.18

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

September 30, 2011	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Single-Family Residential	$	6,217,670	$	6,015,464	$	54,140	$	21,985	$	126,082	$	202,207	3.25	%
Construction - Speculative	115,409		106,843		330		—		8,236		8,566		7.42
Construction - Custom	147,764		147,129		—		—		635		635		0.43
Land - Acquisition & Development	193,613		159,357		679		—		33,577		34,256		17.69
Land - Consumer Lot Loans	163,146		151,849		1,163		1,291		8,843		11,297		6.92
Multi-Family	699,340		690,765		—		1,202		7,373		8,575		1.23
Commercial Real Estate	300,307		292,015		1,016		—		7,276		8,292		2.76
Commercial & Industrial	108,995		106,708		55		553		1,679		2,287		2.10
HELOC	115,092		114,059		452		100		481		1,033		0.90
Consumer	67,509		65,434		1,191		446		437		2,074		3.07
	$	8,128,845	$	7,849,623	$	59,026	$	25,577	$	194,619	$	279,222	3.43

Recently, 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 March 31, 2012, single-family residential loans comprised 82.6% 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 March 31,
	2012					2011
		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	312	$	68,460	$	68,460	26	$	7,019	$	7,019
Construction - Speculative	12	4,049		4,049		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	4	1,823		1,823		—	—		—
Land - Consumer Lot Loans	14	2,116		2,116		3	498		498
Multi-Family	2	1,871		1,871		2	951		951
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	344	$	78,319	$	78,319	31	$	8,468	$	8,468

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

	Six Months Ended March 31,
	2012					2011
		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	491	$	121,145	$	121,145	165	$	46,488	$	46,488
Construction - Speculative	23	7,428		7,428		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	26	6,173		6,173		—	—		—
Land - Consumer Lot Loans	25	3,824		3,824		13	2,636		2,636
Multi-Family	2	1,871		1,871		6	8,182		8,182
Commercial Real Estate	1	308		308		—	—		—
Commercial & Industrial	1	4		4		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	569	$	140,753	$	140,753	184	$	57,306	$	57,306

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 March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	108	$	20,419	47	$	11,801
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	5	865		3	710
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	113	$	21,284	53	$	19,346

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

	Six Months Ended March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	125	$	24,783	87	$	19,763
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		1	4,505
Land - Consumer Lot Loans	7	1,312		4	831
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	132	$	26,095	95	$	31,934

NOTE E – Allowance for Losses on 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.

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following table summarizes the activity in the allowance for loan losses for the quarter ended March 31, 2012 and fiscal year ended September 30, 2011:

Quarter Ended March 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	84,793	$	(15,086	)	$	836	$	13,332		$	83,875
Construction - speculative	14,640		(980		)	—		2,283			15,943
Construction - custom	457		—			—		(73		)	384
Land - acquisition & development	29,089		(11,738		)	—		2,578			19,929
Land - consumer lot loans	8,283		(687		)	—		116			7,712
Multi-family	6,543		(106		)	9		(1,609		)	4,837
Commercial real estate	2,739		(151		)	6		275			2,869
Commercial & industrial	4,421		(111		)	53		64			4,427
HELOC	972		(76		)	—		73			969
Consumer	2,603		(1,053		)	363		961			2,874
	$	154,540	$	(29,988	)	$	1,267	$	18,000		$	143,819

Fiscal Year Ended September 30, 2011	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	47,160	$	(38,465	)	$	3,072	$	71,540		$	83,307
Construction - speculative	26,346		(13,197		)	2,143		(1,464		)	13,828
Construction - custom	770		(237		)	—		90			623
Land - acquisition & development	61,637		(39,797		)	2,271		8,608			32,719
Land - consumer lot loans	4,793		(4,196		)	—		4,923			5,520
Multi-family	5,050		(1,950		)	71		4,452			7,623
Commercial real estate	3,165		(1,593		)	328		2,431			4,331
Commercial & industrial	6,193		(4,733		)	1,925		1,714			5,099
HELOC	586		(939		)	185		1,307			1,139
Consumer	7,394		(4,602		)	1,429		(1,250		)	2,971
	$	163,094	$	(109,709	)	$	11,424	$	92,351		$	157,160

The Company recorded an $18,000,000 provision for loan losses during the quarter ended March 31, 2012, while a $30,750,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $286,248,000, or 2.11%, of total assets at March 31, 2012, compared to $399,295,000, or 2.98%, of total assets one year ago. Acquired loans are not classified as non-performing loans because, at acquisition, the carrying value of these loan was adjusted to reflect fair value. Covered loans are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value and are covered under FDIC loss sharing agreements. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended March 31, 2012. Non-accrual loans decreased from $221,736,000 at March 31, 2011, to $166,153,000 at March 31, 2012, a 25.1% decrease. The Company had net charge-offs of $28,721,000 for the quarter ended March 31, 2012, compared with $26,421,000 of net charge-offs for the same quarter one year ago. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations. While the percentage of loans 30 days or more delinquent decreased from 3.37% at March 31, 2011, to 2.95% at March 31, 2012, delinquencies in the single-family residential portfolio, the largest portion of the loan portfolio, decreased from 3.33% at March 31, 2011, to 3.10% at March 31, 2012. While these asset quality trends are improving, real estate values remain under pressure in most of the Company's primary markets, thus the Company recorded a smaller provision for loan losses in the current quarter as compared to the same quarter one year ago. $114,039,000 of the allowance was calculated under the formulas contained in our

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

general allowance methodology and the remaining $29,780,000 was made up of specific reserves on loans that were deemed to be impaired at March 31, 2012. For the period ending March 31, 2011, $107,510,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $56,107,000 was made up of specific reserves on loans that were deemed to be impaired. The primary reasons for the shift in total allowance allocation from specific reserves to general reserves is due to the Company having already addressed many of the problem loans focused in the speculative construction and land A&D portfolios, combined with increased delinquencies and elevated charge-offs in the single-family residential portfolio.

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 March 31, 2012 and September 30, 2011:

March 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	80,397	$	5,920,650	1.4	%	$	3,479	$	50,890	6.8	%
Construction - speculative	8,192		94,129		8.7		7,751		34,590		22.4
Construction - custom	384		235,566		0.2		—		—		—
Land - acquisition & development	6,339		44,765		14.2		13,589		107,202		12.7
Land - consumer lot loans	6,672		147,703		4.5		1,040		2,264		45.9
Multi-family	2,727		671,367		0.4		2,110		15,100		14.0
Commercial real estate	1,082		273,434		0.4		1,787		19,800		9.0
Commercial & industrial	4,403		93,376		4.7		24		1,543		1.6
HELOC	969		113,368		0.9		—		—		—
Consumer	2,874		71,080		4.0		—		—		—
	$	114,039	$	7,665,438	1.4		$	29,780	$	231,389	12.9

 ___________________

(1) Excludes acquired and covered loans

September 30, 2011	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,441	$	6,186,322	1.3	%	$	5,866	$	32,556	18.0	%
Construction - speculative	6,969		89,986		7.7		6,859		50,473		13.6
Construction - custom	623		279,851		0.2		—		—		—
Land - acquisition & development	10,489		61,277		17.1		22,230		139,415		15.9
Land - consumer lot loans	4,385		160,906		2.7		1,135		2,240		50.7
Multi-family	3,443		679,823		0.5		4,180		20,850		20.0
Commercial real estate	2,730		268,906		1.0		1,601		34,536		4.6
Commercial & industrial	5,058		106,406		4.8		41		2,926		1.4
HELOC	1,139		115,092		1.0		—		—		—
Consumer	2,971		67,509		4.4		—		—		—
	$	115,248	$	8,016,078	1.4		$	41,912	$	282,996	14.8

(1) Excludes covered loans

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following tables provide information on loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade (excludes covered loans):

March 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,792,611		$	300		$	178,629		$	—		$	—		$	5,971,540
Construction - speculative	69,948			8,885			49,886			—			—			128,719
Construction - custom	235,566			—			—			—			—			235,566
Land - acquisition & development	33,225			19,801			98,941			—			—			151,967
Land - consumer lot loans	149,243			259			465			—			—			149,967
Multi-family	651,722			6,735			28,010			—			—			686,467
Commercial real estate	255,328			2,633			35,273			—			—			293,234
Commercial & industrial	91,621			586			2,292			—			420			94,919
HELOC	113,368			—			—			—			—			113,368
Consumer	70,123			528			430			—			—			71,081
	7,462,755			39,727			393,926			—			420			7,896,828
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,567			—			2,062			—			—			4,629
Pool 2 - Single-family residential	—			—			2,093			—			—			2,093
Pool 3 - Multi-family	68			—			1,161			—			—			1,229
Pool 4 - HELOC & other consumer	16,846			—			—			494			—			17,340
Pool 5 - Commercial real estate	52,922			11,040			36,189			987			116			101,254
Pool 6 - Commercial & industrial	4,164			993			2,189			419			—			7,765
Total credit impaired acquired loans	76,567			12,033			43,694			1,900			116			134,310
Total gross loans	$	7,539,322		$	51,760		$	437,620		$	1,900		$	536		$	8,031,138
Total grade as a % of total gross loans	94.5		%	0.6		%	4.9		%	—		%	—		%

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

September 30, 2011	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Single-family residential	$	6,047,279		$	—		$	171,599		$	—		$	—		$	6,218,878
Construction - speculative	56,485			21,035			62,939			—			—			140,459
Construction - custom	279,851			—			—			—			—			279,851
Land - acquisition & development	44,888			44,840			110,964			—			—			200,692
Land - consumer lot loans	162,670			—			476			—			—			163,146
Multi-family	663,582			4,629			32,462			—			—			700,673
Commercial real estate	264,083			4,125			35,234			—			—			303,442
Commercial & industrial	104,171			1,128			1,407			2,245			381			109,332
HELOC	115,092			—			—			—			—			115,092
Consumer	66,512			528			469			—			—			67,509
	$	7,804,613		$	76,285		$	415,550		$	2,245		$	381		$	8,299,074
Total grade as a % of total gross loans	94.1		%	0.9		%	5.0		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

March 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,855,256	98.1	%	$	116,284	1.9	%
Construction - speculative	120,529		93.6		8,190		6.4
Construction - custom	235,027		99.8		539		0.2
Land - acquisition & development	126,931		83.5		25,036		16.5
Land - consumer lot loans	144,326		96.2		5,641		3.8
Multi-family	681,937		99.3		4,530		0.7
Commercial real estate	288,237		98.3		4,997		1.7
Commercial & industrial	94,918		100.0		1		—
HELOC	112,777		99.5		591		0.5
Consumer	70,737		99.5		344		0.5
	$	7,730,675	97.9		$	166,153	2.1

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

September 30, 2011	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	6,092,254	98.0	%	$	126,624	2.0	%
Construction - speculative	125,076		89.0		15,383		11.0
Construction - custom	279,216		99.8		635		0.2
Land - acquisition & development	163,353		81.4		37,339		18.6
Land - consumer lot loans	154,303		94.6		8,843		5.4
Multi-family	693,009		98.9		7,664		1.1
Commercial real estate	292,062		96.2		11,380		3.8
Commercial & industrial	107,653		98.5		1,679		1.5
HELOC	114,611		99.6		481		0.4
Consumer	67,072		99.4		437		0.6
	$	8,088,609	97.5	%	$	210,465	2.5	%

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following table provides information on impaired loans based on loan types as of March 31, 2012 and September 30, 2011:

								Average Recorded Investment
March 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	51,677	$	52,039	$	—		$	26,012	$	17,652
Construction - speculative	8,127		10,341		—			5,851		5,963
Construction - custom	—		—		—			—		—
Land - acquisition & development	27,521		59,792		—			31,846		32,913
Land - consumer lot loans	81		81		—			41		27
Multi-family	11,272		11,933		—			8,721		8,057
Commercial real estate	4,855		6,660		—			3,203		2,556
Commercial & industrial	201		201		—			103		68
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	103,810		141,123		—			75,815		67,261
With an allowance recorded:
Single-family residential	332,053		332,053		25,823			331,768		336,505
Construction - speculative	27,751		27,751		7,751			26,163		25,511
Construction - custom	—		—		—			—		—
Land - acquisition & development	30,521		31,397		13,590			30,921		31,138
Land - consumer lot loans	250		250		1,040			251		251
Multi-family	11,352		11,352		2,110			11,370		11,386
Commercial real estate	6,587		6,587		1,787			6,413		6,484
Commercial & industrial	24		24		24			29		33
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	408,538		409,414		52,125		(1)	406,915		411,308
Total:
Single-family residential	383,730		384,092		25,823			357,780		354,157
Construction - speculative	35,878		38,092		7,751			32,014		31,474
Construction - custom	—		—		—			—		—
Land - acquisition & development	58,042		91,189		13,590			62,767		64,051
Land - consumer lot loans	331		331		1,040			292		278
Multi-family	22,624		23,285		2,110			20,091		19,443
Commercial real estate	11,442		13,247		1,787			9,616		9,040
Commercial & industrial	225		$	225	24			132		101
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	$	512,348	$	550,537	$	52,125	(1)	$	482,730	$	478,569

____________________ 

(1)Includes $29,781,000 of specific reserves and $22,344,000 included in the general reserves.

21

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

September 30, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	5,597	$	9,575	$	—		$	5,935
Construction - speculative	8,286		11,026		—			7,374
Construction - custom	—		—		—			—
Land - acquisition & development	22,436		50,970		—			28,168
Land - consumer lot loans	—		—		—			—
Multi-family	3,233		4,508		—			4,058
Commercial real estate	3,462		3,963		—			2,141
Commercial & industrial	—		—		—			—
HELOC	—		—		—			—
Consumer	—		—		—			—
	43,014		80,042		—			47,676
With an allowance recorded:
Single-family residential	331,546		331,546		29,378			261,736
Construction - speculative	29,255		29,255		6,859			26,385
Construction - custom	—		—		—			—
Land - acquisition & development	49,036		49,912		22,230			41,006
Land - consumer lot loans	352		352		1,135			110
Multi-family	17,149		17,149		4,180			12,380
Commercial real estate	6,429		6,429		1,601			3,351
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	433,808		434,684		65,424		(1)	344,999
Total:
Single-family residential	337,143		341,121		29,378			267,671
Construction - speculative	37,541		40,281		6,859			33,759
Construction - custom	—		—		—			—
Land - acquisition & development	71,472		100,882		22,230			69,174
Land - consumer lot loans	352		352		1,135			110
Multi-family	20,382		21,657		4,180			16,438
Commercial real estate	9,891		10,392		1,601			5,492
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	$	476,822	$	514,726	$	65,424	(1)	$	392,675

(1) Includes $41,912,000 of specific reserves and $23,512,000 included in the general reserves.

22

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

NOTE F – New Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2011-11, Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. The amendments in this ASU will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with current U.S. GAAP or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with current U.S. GAAP. The guidance in this ASU is effective for the first interim or annual period beginning on or after January 1, 2013 and should be applied retrospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

In December 2011, the FASB issued ASU 2011-12, Comprehensive Income (Topic 220) – Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. Under the amendments in ASU 2011-05, entities are required to present reclassification adjustments and the effect of those reclassification adjustments on the face of the financial statements where net income is presented, by component of net income, and on the face of the financial statements where other comprehensive income is presented, by component of other comprehensive income. In addition, the amendments in ASU 2011-05 require that reclassification adjustments be presented in interim financial periods. The amendments in ASU 2011-12 supersede and defer changes to those paragraphs in ASU 2011-05 that pertain to how, when and where reclassification adjustments are presented while the FASB redeliberates the presentation of reclassification adjustments. All other requirements of ASU 2011-05 are not affected by ASU 2011-12.

NOTE G – Fair Value Measurements

U.S. GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active exchange markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

We have established and documented the Company's process for determining the fair values of our assets and liabilities, where applicable. Fair value is based on quoted market prices, when available, for identical or similar assets or liabilities. In the absence of quoted market prices, fair value is determined using valuation models or third-party appraisals. The following is a description of the valuation methodologies used to measure and report the fair value of financial assets and liabilities on a recurring or nonrecurring basis:

Measured on a Recurring Basis

Securities

Securities available for sale are recorded at fair value on a recurring basis. Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, 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.

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2012:

23

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

	Fair Value at March 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		14,142		—		14,142
Obligations of states and political subdivisions	—		23,500		—		23,500
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		277,586		—		277,586
Mortgage-backed securities					—
Agency pass-through certificates	—		3,372,397		—		3,372,397
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,687,625	$	—	$	3,687,625

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended March 31, 2012.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at March 31, 2012 included loans for which a specific reserve allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as covered REO and real estate held for sale for which fair value of the properties was less than the cost basis.

Real estate held for sale consists principally of properties acquired through foreclosure.

The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the quarter ended March 31, 2012, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2012								Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	81,219	$	81,219	$	21,831	$	22,832
Covered REO (2)	—		—		24,915		24,915		500		1,201
Real estate held for sale (2)	—		—		106,728		106,728		18,380		39,344
Balance at end of period	$	—	$	—	$	212,862	$	212,862	$	40,711	$	63,377

 ___________________

(1) The losses represents remeasurements of collateral-dependent loans.

(2) The losses represents 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 March 31, 2012.

The following describes the process used to value Level 3 assets:

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

24

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

the estimated present value of future cash flows or the fair value of the underlying collateral. Impaired loans with a specific reserve allowance based on cash flow analysis or the value of the underlying collateral are classified as Level 3 assets.

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for loan loss ("ALLL") process.

Applicable loans are evaluated for impairment on a quarterly basis. Loans included in the previous quarter's review are reevaluated and if their values are materially different from the prior quarter evaluation, the underlying information (loan balance and collateral value) are compared. Material differences are evaluated for reasonableness and discussions are held between the relationship manager and their division manager to understand the difference and determine if any adjustment is necessary. The inputs are developed and substantiated on a quarterly basis, based on current borrower developments, market conditions and collateral values. The following method is used to value impaired loans:

• The fair value of the collateral, which may take the form of real estate or personal property, is based on internal estimates, field observations, assessments provided by third-party appraisers and other valuation models. The Company performs or reaffirms valuations of collateral-dependent impaired loans at least annually. Adjustments are made if management believes that more recent information is available and relevant with respect to the fair value of the collateral.

Real estate held for sale ("OREO") - These assets are valued based on inputs such as appraisals and third-party price opinions, less estimated selling costs. Assets that are acquired through foreclosure are recorded initially at the lower of the loan balance or fair value at the date of foreclosure. After foreclosure, valuations are updated periodically, and current market conditions my require the assets to be written down further to a new cost basis. The following method is used to value real estate held for sale:

• When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include a third-party appraisal, which is used to establish the fair value of the underlying collateral. The determined fair value, to the extent it does not exceed the carrying value of the loan, becomes the carrying value of the OREO asset. In addition to the valuations from independent third-party sources, the carrying balance of OREO assets are written down once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement, where the accepted price is lower than the current balance of the particular OREO asset. The fair value of OREO assets is re-evaluated quarterly and the OREO asset is adjusted to reflect the lower of cost or fair value as necessary.

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.

25

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

		March 31, 2012				September 30, 2011
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	890,347	$	890,347	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		14,142		14,142		190,527		190,527
Obligations of states and political subdivisions		23,500		23,500		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		277,586		277,586		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,372,397		3,372,397		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,687,625		3,687,625		3,255,144		3,255,144
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		795		823		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		37,912		40,967		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		38,707		41,790		47,036		50,616
Loans receivable	3	7,717,088		8,342,403		7,935,877		8,479,307
Covered loans	3	321,634		315,179		382,183		375,027
FDIC indemnification asset	3	100,875		98,495		98,871		101,751
FHLB stock	2	151,747		151,747		151,755		151,755
Financial liabilities
Customer accounts	2	8,798,440		8,513,457		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,760,041		3,113,854		2,762,066		3,038,127

The following methods and assumptions were used to estimate the fair value of financial instruments:

Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value.

Available-for-sale securities and held-to-maturity securities – Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2

26

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

input method.

Loans receivable and covered loans – For certain homogeneous categories of loans, such as fixed- and variable-rate residential mortgages, fair value is estimated for securities backed by similar loans, adjusted for differences in loan characteristics, using the same methodology described above for AFS and HTM securities. The fair value of other loan types is estimated by discounting the future cash flows and estimated prepayments using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. Some loan types were valued at carrying value because of their floating rate or expected maturity characteristics. Net deferred loan fees are not included in the fair value calculation but are included in the carrying amount.

FDIC indemnification asset – The fair value of the indemnification asset is estimated by discounting the expected future cash flows using the current rates.

FHLB stock – The fair value is based upon the 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 is a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities:

27

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

	March 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	32	$	—		$	532	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	9,300		4,310		—			13,610		10.38
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	250,000		—		(1,448		)	248,552		0.89
5 to 10 years	30,000		234		(1,200		)	29,034		4.00
Municipal bonds due
Over 10 years	20,451		3,049		—			23,500		6.45
Mortgage-backed securities
Agency pass-through certificates	3,274,318		100,861		(2,782		)	3,372,397		4.54
	3,584,569		108,486		(5,430		)	3,687,625		4.31
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	—		—		—			—		—
5 to 10 years	795		28		—			823		5.65
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	37,912		3,055		—			40,967		5.31
	38,707		3,083		—			41,790		5.32
	$	3,623,276	$	111,569	$	(5,430	)	$	3,729,415	4.32	%

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

	September 30, 2011
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	34		$	—		$	534	4.00	%
1 to 5 years	—		—			—			—		—
5 to 10 years	9,300		4,547			—			13,847		10.38
Over 10 years	175,515		631			—			176,146		2.57
Corporate bonds due
5 to 10 years	30,000		284			(325		)	29,959		4.00
Municipal bonds due
Over 10 years	20,461		3,107			—			23,568		6.45
Mortgage-backed securities
Agency pass-through certificates	2,883,734		127,356			—			3,011,090		4.72
	3,119,510		135,959			(325		)	3,255,144		4.62
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	405		5			—			410		6.52
5 to 10 years	1,545		68			—			1,613		5.60
Over 10 years	—		—			—			—		—
U.S. government and agency securities due
1 to 5 years	—		—			—			—		—
Mortgage-backed securities
Agency pass-through certificates	45,086		3,507			—			48,593		5.31
	47,036		3,580			—			50,616		5.33
	$	3,166,546	$	139,539		$	(325	)	$	3,305,760	4.63	%

During the period ending March 31, 2012, $3,500,000 of available-for-sale securities were sold, resulting in a gain of $0. $131,361,000 of available-for-sale securities were sold during the period ending March 31, 2011, resulting in a gain of $8,147,000.

Substantially all mortgage-backed securities have contractual due dates that exceed 10 years.

The following table shows the unrealized gross losses and fair value of securities at March 31, 2012, by length of time that individual securities in each category have been in a continuous loss position. Management believes that the declines in fair value of these investments are not an other than temporary impairment.

	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
Corporate bonds due	$	(2,648	)	$	257,353	$	—		$	—	$	(2,648	)	$	257,353
Agency pass-through certificates	(2,653		)	396,343		(129		)	41,945		(2,782		)	438,288
	(5,301		)	$	653,696	$	(129	)	$	41,945	(5,430		)	$	695,641

NOTE H – Covered Assets

Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements

29

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

and were $357,443,000 as of March 31, 2012, versus $438,566,000 as of September 30, 2011.

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows:

March 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	37,072		$	116,061		$	30,370		$	269,888
Accretion	(10,404		)	10,404			(3,965		)	3,965
Transfers to REO	—			(11,775		)	—			—
Payments received, net	—			(29,141		)	—			(37,768		)
Balance at end of period	$	26,668		$	85,549		$	26,405		$	236,085

September 30, 2011	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	27,019		$	190,530		$	39,813		$	343,944
Reclassification from nonaccretable balance, net	24,025			—			—			—
Accretion	(13,972		)	13,972			(9,443		)	9,443
Transfers to REO	—			(54,638		)	—			—
Payments received, net	—			(33,803		)	—			(83,499		)
Balance at end of period	$	37,072		$	116,061		$	30,370		$	269,888

At March 31, 2012, 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 resulted 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 $422,647,000 and $495,358,000 as of March 31, 2012 and September 30, 2011, respectively. The discount balance related to the acquired loans was $97,247,000 and $109,409,000 as of March 31, 2012 and September 30, 2011, respectively.

The following table shows the year to date activity for the FDIC indemnification asset:

	March 31, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	2,052			10,470
Payments made (received)	4,068			(32,828		)
Amortization	(7,869		)	(10,239		)
Accretion	990			3,103
Balance at end of period	$	100,875		$	101,634

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	37,588		$	—		$	3,196		$	—		$	—		$	40,784
Construction - speculative	734			—			—			—			—			734
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	7,632			5,398			1,031			—			—			14,061
Land - consumer lot loans	507			—			—			—			—			507
Multi-family	29,828			—			2,760			—			—			32,588
Commercial real estate	99,296			1,115			28,787			—			—			129,198
Commercial & industrial	7,462			1,156			6,923			—			—			15,541
HELOC	19,705			—			—			—			—			19,705
Consumer	1,019			—			—			—			—			1,019
	203,771			7,669			42,697			—			—			254,137
Total grade as a % of total net loans	80.2		%	3.0		%	16.8		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	10,415			5,872			42,297			—			—			58,584
Pool 2 - Single-family residential	2,038			—			4,044			—			—			6,082
Pool 3 - Multi-family	—			3,043			—			—			—			3,043
Pool 4 - HELOC & other consumer	1,997			—			4,574			—			—			6,571
Pool 5 - Commercial real estate	411			30,259			41,912			—			—			72,582
Pool 6 - Commercial & industrial	4,983			1,556			15,109			—			—			21,648
	$	19,844		$	40,730		$	107,936		$	—		$	—		168,510
													Total covered loans			422,647
													Discount			(97,247		)
													Allowance			(3,766		)
													Covered loans, net			$	321,634

31

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

September 30, 2011	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	45,619		$	—		$	595		$	—		$	—		$	46,214
Construction - speculative	1,315			—			—			—			—			1,315
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	8,383			6,315			360			—			—			15,058
Land - consumer lot loans	543			—			111			—			—			654
Multi-family	32,448			—			2,458			—			—			34,906
Commercial real estate	118,124			1,361			28,979			—			—			148,464
Commercial & industrial	13,717			4,481			4,239			444			—			22,881
HELOC	21,730			—			—			—			—			21,730
Consumer	1,199			—			—			—			—			1,199
	243,078			12,157			36,742			444			—			292,421
Total grade as a % of total net loans	83.1		%	4.2		%	12.6		%	0.2		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,982			2,980			54,682			—			—			67,644
Pool 2 - Single-family residential	3,667			—			8,263			—			—			11,930
Pool 3 - Multi-family	—			—			3,324			—			—			3,324
Pool 4 - HELOC & other consumer	3,544			—			5,411			—			—			8,955
Pool 5 - Commercial real estate	418			30,579			48,069			—			—			79,066
Pool 6 - Commercial & industrial	2,859			2,725			25,662			772			—			32,018
	$	20,470		$	36,284		$	145,411		$	772		$	—		202,937
													Total covered loans			495,358
													Discount			(109,409		)
													Allowance			(3,766		)
													Covered loans, net			$	382,183

32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2012 AND 2011

(UNAUDITED)

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status for the periods ended March 31, 2012 and September 30, 2011:

March 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	40,784	$	38,794	$	—	$	—	$	1,990	$	1,990	4.88	%
Construction - Speculative	734		734		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	14,061		13,077		—		—		984		984		7.00
Land - Consumer Lot Loans	507		276		133		—		98		231		45.56
Multi-Family	32,588		31,080		—		—		1,508		1,508		4.63
Commercial Real Estate	129,198		124,777		1,742		79		2,600		4,421		3.42
Commercial & Industrial	15,541		15,016		—		434		91		525		3.38
HELOC	19,705		18,456		906		5		338		1,249		6.34
Consumer	1,019		1,018		1		—		—		1		0.10
	$	254,137	$	243,228	$	2,782	$	518	$	7,609	$	10,909	4.29	%

September 30, 2011	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	46,214	$	43,445	$	1,034	$	30	$	1,705	$	2,769	5.99	%
Construction - Speculative	1,315		1,315		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	15,058		13,344		487		—		1,227		1,714		11.38
Land - Consumer Lot Loans	654		527		16		—		111		127		19.42
Multi-Family	34,906		33,398		—		—		1,508		1,508		4.32
Commercial Real Estate	148,464		142,060		1,527		—		4,877		6,404		4.31
Commercial & Industrial	22,881		18,049		3,606		703		523		4,832		21.12
HELOC	21,730		20,339		731		391		269		1,391		6.40
Consumer	1,199		1,123		31		8		37		76		6.34
	$	292,421	$	273,600	$	7,432	$	1,132	$	10,257	$	18,821	6.44	%

NM - not meaningful

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

In addition to historical information, this Quarterly Report on Form 10-Q includes certain “forward-looking statements,” as defined in the Securities Act of 1933 and the Securities Exchange Act of 1934, based on current management expectations. Actual results could differ materially from those management expectations. Such forward-looking statements include statements regarding the Company’s intentions, beliefs or current expectations as well as the assumptions on which such statements are based. Stockholders and potential stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause future results to vary from current management expectations include, but are not limited to: general economic conditions; legislative and regulatory changes, including without limitation the potential effect of the Dodd-Frank Wall Street Reform and Consumer Protection Act and regulations to be promulgated thereunder; monetary fiscal policies of the federal government; changes in tax policies; rates and regulations of federal, state and local tax authorities; changes in interest rates; deposit flows; cost of funds; demand for loan products; demand for financial services; competition; changes in the quality or composition of the Company’s loan and investment portfolios; changes in accounting principles; policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and fees, including without limitation the Bank’s ability to comply in a timely and satisfactory manner with the requirements of the memorandum of understanding entered into with the Office of Thrift Supervision. The Company undertakes no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

GENERAL

Washington Federal, Inc. (“Company”) is a savings and loan holding company. The Company’s primary operating subsidiary is Washington Federal.

INTEREST RATE RISK

The Company accepts a higher level of interest rate volatility as a result of its significant holdings of fixed-rate single-family home loans that are longer in term than the characteristics of its primary liabilities of customer accounts and borrowings. As a result, assets do not respond as quickly to changes in interest rates as liabilities and net interest income typically declines when interest rates rise and expands when interest rates fall as compared to a portfolio of matched maturities of assets and liabilities.

At March 31, 2012, the Company had approximately $1.95 billion more liabilities subject to repricing in the next year than assets, which amounted to a negative one-year maturity gap of 14.5% of total assets. This was a decrease from the 16.5% negative gap as of September 30, 2011.

The potential impact of rising interest rates on net income for one year has also been estimated using a model that is based on the granular level of detail for loans and deposits. In the event of an immediate and parallel increase of 200 basis points in interest rates, we would expect net interest income to decrease by 3.3%. In the event of a gradual increase from current rates by 200 basis points over a twelve-month period, we would expect a decrease in net interest income of .5%.

This analysis assumes zero balance sheet growth and constant percentage composition of assets and liabilities. It also assumes that loan and deposit prices respond in full to the increase in market rates. Actual results will differ from the assumptions used in this model, as Management monitors and adjusts loan and deposit pricing and the size and composition of the balance sheet to respond to changing interest rates.

The net portfolio value (“NPV”) is the difference between the present value of interest-bearing assets and the present value of expected cash flows from interest-earning liabilities and off-balance-sheet contracts. The sensitivity of the NPV to changes in interest rates is another measure of interest rate risk. This approach provides a longer term view of interest rate risk as it incorporates all future expected cash flows. In the event of an immediate and parallel increase of 200 basis points in interest rates, the NPV is estimated to decline by $485 million and the NPV to total assets ratio to decline to 13.04%. As of September 30, 2011 the estimated decrease in NPV in the event of a 200 basis point increase in rates was estimated to decline by $619 million and the NPV to total assets ratio to decline to 11.04%.

The interest rate spread decreased to 3.01% at March 31, 2012 from 3.13% at September 30, 2011. The spread decreased due to a decline in the average rate on earning assets. As of March 31, 2012, the weighted average rate on earning assets decreased by 25 basis points compared to September 30, 2011, while the weighted average rates on customer deposit accounts and borrowings

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

decreased by 13 basis points over the same period.

As of March 31, 2012, the Company had increased total assets by $123,359,000 from $13,440,749,000 at September 30, 2011. For the quarter ended March 31, 2012, compared to September 30, 2011, loans (both non-covered and covered) decreased $320,406,000, or 3.9%. To help offset the reduced income from loans, investment securities increased $424,144,000, or 12.3%. Cash and cash equivalents of $890,347,000 and stockholders’ equity of $1,908,057,000 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s net worth at March 31, 2012 was $1,908,057,000, or 14.07%, of total assets. This was an increase of $1,524,000 from September 30, 2011 when net worth was $1,906,533,000, or 14.18%, of total assets. The Company’s net worth was impacted in the six months ended March 31, 2012 by net income of $67,489,000, the payment of $17,078,000 in cash dividends, treasury stock purchases that totaled $30,307,000, as well as a decrease in other comprehensive income of $20,606,000.

Management believes this strong net worth position will help the Company manage its interest rate risk and provide the capital support needed for controlled growth in a regulated environment. To be categorized as well capitalized, Washington Federal must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table.

	Actual				Capital Adequacy Guidelines				Categorized as Well Capitalized Under Prompt Corrective Action Provisions
	Capital		Ratio		Capital		Ratio		Capital		Ratio
	(In thousands)
March 31, 2012
Total capital to risk-weighted assets	$	1,638,750	25.59	%	$	512,353	8.00	%	$	640,442	10.00	%
Tier I capital to risk-weighted assets	1,557,847		24.32	%	N/A		N/A		384,265		6.00	%
Core capital to adjusted tangible assets	1,557,847		11.70	%	N/A		N/A		665,492		5.00	%
Core capital to total assets	1,557,847		11.70	%	532,393		4.00	%	N/A		N/A
Tangible capital to tangible assets	1,557,847		11.70	%	532,393		4.00	%	N/A		N/A
September 30, 2011
Total capital to risk-weighted assets	1,624,817		24.68	%	526,765		8.00	%	658,456		10.00	%
Tier I capital to risk-weighted assets	1,543,438		23.44	%	N/A		N/A		395,074		6.00	%
Core capital to adjusted tangible assets	1,543,438		11.82	%	N/A		N/A		652,672		5.00	%
Core capital to total assets	1,543,438		11.82	%	391,603		3.00	%	N/A		N/A
Tangible capital to tangible assets	1,543,438		11.82	%	195,802		1.50	%	N/A		N/A

CHANGES IN FINANCIAL CONDITION

Available-for-sale and held-to-maturity securities: Available-for-sale securities increased $432,481,000, or 13.3%, during the six months ended March 31, 2012, which included the purchase of $1,241,126,000 of available-for-sale securities. There were $3,500,000 of available-for-sale securities sold during the six months ended March 31, 2012, resulting in no gain or loss. During the same period, there were no purchases or sales of held-to-maturity securities. As of March 31, 2012, the Company had net unrealized gains on available-for-sale securities of $65,183,000, net of tax, which were recorded as part of stockholders’ equity. The Company increased its available-for-sale investment portfolio to partially replace some of the lost interest income on maturing and prepaying loans and mortgage-backed securities.

Loans receivable: During the six months ended March 31, 2012, the balance of loans receivable decreased 3.3% to $7,676,017,000 compared to $7,935,877,000 at September 30, 2011. This decrease is consistent with management’s strategy to reduce the

35

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Company’s exposure to land and construction loans and not aggressively compete for 30 year fixed-rate mortgages at current market rates. Additionally, during the year to date period, $73,466,000 of loans were transferred to REO. If the current low rates on 30 year fixed-rate mortgages persist, management will consider continuing to shrink the Company's loan portfolio. The following table shows the loan portfolio by category for the last three quarters.

36

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Loan Portfolio by Category *	September 30, 2011				December 31, 2011				March 31, 2012
Non-Acquired loans	(In thousands)
Single-family residential	$	6,218,878	74.9	%	$	6,079,712	74.0	%	$	5,971,540	74.4	%
Construction - speculative	140,459		1.7		129,766		1.6		128,719		1.6
Construction - custom	279,851		3.4		271,227		3.3		235,566		2.9
Land - acquisition & development	200,692		2.4		171,678		2.1		151,967		1.9
Land - consumer lot loans	163,146		2.0		154,874		1.9		149,967		1.9
Multi-family	700,673		8.4		687,367		8.4		686,467		8.5
Commercial real estate	303,442		3.7		308,529		3.8		293,234		3.7
Commercial & industrial	109,332		1.3		85,463		1.0		94,919		1.2
HELOC	115,092		1.4		113,781		1.4		113,368		1.4
Consumer	67,509		0.8		63,106		0.8		71,081		0.9
Total non-acquired loans	8,299,074		100		8,065,503		98.3		7,896,828		98.4
Credit-impaired acquired loans
Single-family residential	—		—		2,778		—		2,093		—
Construction - speculative	—		—		354		—		139		—
Land - acquisition & development	—		—		4,287		0.1		4,490		0.1
Multi-family	—		—		1,782		—		1,229		—
Commercial real estate	—		—		106,345		1.3		101,254		1.2
Commercial & industrial	—		—		8,849		0.1		7,765		0.1
HELOC	—		—		18,308		0.2		17,215		0.2
Consumer	—		—		137		—		125		—
Total credit-impaired acquired loans	—		—		142,840		1.7		134,310		1.6
Total loans
Single-family residential	6,218,878		74.7		6,082,490		74.0		5,973,633		74.4
Construction - speculative	140,459		1.9		130,120		1.6		128,858		1.6
Construction - custom	279,851		2.9		271,227		3.3		235,566		2.9
Land - acquisition & development	200,692		3.5		175,965		2.2		156,457		2.0
Land - consumer lot loans	163,146		2.1		154,874		1.9		149,967		1.9
Multi-family	700,673		7.9		689,149		8.4		687,696		8.5
Commercial real estate	303,442		3.6		414,874		5.1		394,488		4.9
Commercial & industrial	109,332		1.0		94,312		1.1		102,684		1.3
HELOC	115,092		1.3		132,089		1.6		130,583		1.6
Consumer	67,509		1.1		63,243		0.8		71,206		0.9
Total loans	8,299,074		100	%	8,208,343		100	%	8,031,138		100	%
Less:
Allowance for probable losses	157,160				154,540				143,819
Loans in process	170,229				159,437				133,379
Discount on acquired loans	—				48,929				43,687
Deferred net origination fees	35,808				35,362				34,236
	363,197				398,268				355,121
	$	7,935,877			$	7,810,075			$	7,676,017

 ____________________

* Excludes covered loans

37

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Covered loans: As of March 31, 2012, covered loans had decreased 15.8%, or $60,549,000, to $321,634,000, compared to September 30, 2011, due to continued paydowns and transfers of the properties into covered real estate owned.

Non-performing assets: Non-performing assets, which excludes covered assets acquired in FDIC-assisted transactions, decreased during the quarter ended March 31, 2012 to $286,248,000 from $370,294,000 at September 30, 2011, a 22.7% decrease. The continued elevated level of NPAs is a result of the significant decline in housing values in the western United States and the national recession over the last three years. Non-performing assets as a percentage of total assets was 2.11% at March 31, 2012 compared to 2.76% at September 30, 2011. This level of NPAs remains significantly higher than the 0.91% average in the Company’s 28+ year history as a public company. The Company anticipates NPAs will continue to be elevated in the future until the residential real estate market stabilizes and values recover.

The following table sets forth information regarding restructured and non-accrual loans and REO held by the Company at the dates indicated.

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

	March 31, 2012					September 30, 2011
	(In thousands)
Restructured loans:
Single-family residential	$	352,622		82.6	%	$	309,372		82.0	%
Construction - speculative	20,485			4.8		15,481			4.1
Construction - custom	—			—		—			—
Land - acquisition & development	20,443			4.8		18,033			4.8
Land - consumer lot loans	14,389			3.4		13,124			3.5
Multi - family	16,955			4.0		19,046			5.0
Commercial real estate	1,714			0.4		1,435			0.4
Commercial & industrial	4			—		828			0.2
HELOC	177			—		177			—
Consumer	—			—		—			—
Total restructured loans (1)	426,789			100	%	377,496			100	%
Non-accrual loans:
Single-family residential	116,284			70.0	%	126,624			60.3	%
Construction - speculative	8,190			4.9		15,383			7.3
Construction - custom	539			0.3		635			0.3
Land - acquisition & development	25,036			15.1		37,339			17.7
Land - consumer lot loans	5,641			3.4		8,843			4.2
Multi-family	4,530			2.7		7,664			3.6
Commercial real estate	4,997			3.0		11,380			5.4
Commercial & industrial	1			—		1,679			0.8
HELOC	591			0.4		481			0.2
Consumer	344			0.2		437			0.2
Total non-accrual loans (2)	166,153			100	%	210,465			100	%
Total REO (3)	99,826					129,175
Total REHI (3)	20,269					30,654
Total non-performing assets	$	286,248				$	370,294
Total non-performing assets and performing restructured loans as a percentage of total assets	4.96		%			5.14		%
(1)    Restructured loans were as follows:
Performing	$	387,010		90.7	%	$	320,018		84.8	%
Non-accrual *	39,779			9.3		57,478			15.2
	$	426,789		100	%	$	377,496		100	%

* Included in "Total non-accrual loans" above

(2) The Company recognized interest income on nonaccrual loans of approximately $1,430,000 in the six months ended March 31, 2012. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $5,297,000 for the six months ended March 31, 2012.

In addition to the nonaccrual loans reflected in the above table, at March 31, 2012, the Company had $188,475,000 of loans that were less than 90 days delinquent but which it had classified as substandard for one or more reasons. If these loans were deemed non-performing, the Company’s ratio of total NPAs and performing restructured loans as a percent of total assets would have increased to 6.65% at March 31, 2012.

(3) Total REO and REHI (included in real estate held for sale on the Statement of Financial Condition) includes real estate held for sale acquired in settlement of loans or acquired from purchased institutions in settlement of loans. Excludes covered REO.

39

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Restructured single-family residential loans are reserved for under the Company’s general reserve methodology. If any individual loan is significant in balance, the Company may establish a specific reserve as warranted.

Most restructured loans are accruing and performing loans where the borrower has proactively approached the Company about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. Single-family residential loans comprised 82.6% of restructured loans as of March 31, 2012. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period.

For commercial loans, six consecutive payments on newly restructured loan terms are required prior to returning the loan to accrual status. In some instances after the required six consecutive payments are made, a management assessment will conclude that collection of the entire principal balance is still in doubt. In those instances, the loan will remain on non-accrual. Homogeneous loans may or may not be on accrual status at the time of restructuring, but all are placed on accrual status upon the restructuring of the loan. Homogeneous loans are restructured only if the borrower can demonstrate the ability to meet the restructured payment terms; otherwise, collection is pursued and the loan remains on non-accrual status until liquidated. If the homogeneous restructured loan does not perform it will be placed in non-accrual status when it is 90 days delinquent.

A loan that defaults and is subsequently modified would impact the Company’s delinquency trend, which is part of the qualitative risk factors component of the general reserve calculation. Any modified loan that re-defaults and is charged-off would impact the historical loss factors component of our general reserve calculation.

Allocation of the allowance for loan losses: The following table shows the allocation of the Company’s allowance for loan losses at the dates indicated.

	March 31, 2012						September 30, 2011
	Amount		Loans to Total Loans (1)		Coverage Ratio (2)		Amount		Loans to Total Loans (1)		Coverage Ratio (2)
	(In thousands)						(In thousands)
Single-family residential	$	83,875	75.7	%	1.4	%	$	83,307	74.9	%	1.3	%
Construction - speculative	15,943		1.6		12.4		13,828		1.7		9.8
Construction - custom	384		3.0		0.2		623		3.4		0.2
Land - acquisition & development	19,929		1.9		13.1		32,719		2.4		16.3
Land - consumer lot loans	7,712		1.9		5.1		5,520		2.0		40.0
Multi-family	4,837		8.7		0.7		7,623		8.4		1.1
Commercial real estate	2,869		3.7		1.0		4,331		3.7		1.4
Commercial & industrial	4,427		1.2		4.7		5,099		1.3		4.7
HELOC	969		1.4		0.9		1,139		1.4		1.0
Consumer	2,874		0.9		4.0		2,971		0.8		4.4
	$	143,819	100	%			$	157,160	100	%

 __________________

(1) Represents the total amount of the loan category as a % of total gross non-acquired and non-covered loans outstanding.

(2) Represents the allocated allowance of the loan category as a % of total gross non-acquired and non-covered loans outstanding for the same loan category.

Customer accounts: Customer accounts increased $132,537,000, or 1.53%, to $8,798,440,000 at March 31, 2012 compared with $8,665,903,000 at September 30, 2011. The following table shows the composition of the Company’s customer accounts as of the dates shown:

Deposits by Type

40

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

	March 31, 2012						September 30, 2011
	(In thousands)
					Wtd. Avg. Rate						Wtd. Avg. Rate
Checking (non-interest)	$	267,031	3.0	%	—	%	$	235,146	2.7	%	—	%
NOW (interest)	594,879		6.8		0.14	%	543,907		6.3		0.13	%
Savings (passbook/stmt)	291,958		3.3		0.20	%	255,396		2.9		0.20	%
Money Market	1,710,756		19.5		0.26	%	1,627,739		18.8		0.26	%
CD’s	5,933,816		67.4		1.36	%	6,003,715		69.3		1.55	%
Total	$	8,798,440	100	%	0.98	%	$	8,665,903	100	%	1.14	%

FHLB advances and other borrowings: Total borrowings decreased slightly to $2,760,041,000 at March 31, 2012, compared with $2,762,066,000 at September 30, 2011. The Company has a credit line with the FHLB Seattle equal to 50% of total assets, providing a substantial source of liquidity if needed. FHLB advances are collateralized as provided for in the Advances, Pledge and Security Agreement by all FHLB stock owned by the Company, deposits with the FHLB and certain mortgages or deeds of trust securing such properties as provided in the agreements with the FHLB.

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

RESULTS OF OPERATIONS

Net Income: The quarter ended March 31, 2012, produced net income of $34,071,000 compared to $25,824,000 for the same quarter one year ago. For the six months ended March 31, 2012, net income totaled $67,489,000 compared to $50,354,000 for the six months ended March 31, 2011. The net income for the quarter and six months ended March 31, 2012 benefited from overall lower credit costs, which included the provision for loan losses and real estate owned expenses. The provision for loan losses amounted to $18,000,000 and $29,209,000 for the quarter and six months ended March 31, 2012, as compared to $30,750,000 and $56,750,000 for the three and six month period one year ago. See related discussion in “Provision for Loan Losses” section below for reasons for the decrease in the provision for loan losses. In addition, losses recognized on real estate acquired through foreclosure was $1,582,000 and $12,151,000 for the quarter and six months ended March 31, 2012 as compared to $9,645,000 and $20,198,000for the three and six month periods one year ago.

Net Interest Income: The largest component of the Company’s earnings is net interest income, which is the difference between the interest and dividends earned on loans and other investments and the interest paid on customer deposits and borrowings. Net interest income is impacted primarily by two factors; first, the volume of earning assets and liabilities and second, the rate earned on those assets or the rate paid on those liabilities.

The following table sets forth certain information explaining changes in interest income and interest expense for the periods indicated compared to the same periods one year ago. For each category of interest-earning asset and interest-bearing liability, information is provided on changes attributable to (1) changes in volume (changes in volume multiplied by old rate) and (2) changes in rate (changes in rate multiplied by old volume). The change in interest income and interest expense attributable to changes in both volume and rate has been allocated proportionately to the change due to volume and the change due to rate.

Rate / Volume Analysis:

	Comparison of Quarters Ended 3/31/12 and 3/31/11									Comparison of Six Months Ended 3/31/12 and 3/31/11
	Volume			Rate			Total			Volume			Rate			Total
	(In thousands)
Interest income:
Loans and covered loans	$	(6,864	)	$	2,002		$	(4,862	)	$	(17,806	)	$	2,507		$	(15,299	)
Mortgaged-backed securities	9,249			(6,730		)	2,519			17,820			(12,699		)	5,121
Investments (1)	(601		)	(1,014		)	(1,615		)	(1,044		)	(2,400		)	(3,444		)
All interest-earning assets	1,784			(5,742		)	(3,958		)	(1,030		)	(12,592		)	(13,622		)
Interest expense:
Customer accounts	(29		)	(7,405		)	(7,434		)	(579		)	(15,640		)	(16,219		)
FHLB advances and other borrowings	1,133			(704		)	429			2,106			(1,536		)	570
All interest-bearing liabilities	1,104			(8,109		)	(7,005		)	1,527			(17,176		)	(15,649		)
Change in net interest income	$	680		$	2,367		$	3,047		$	(2,557	)	$	4,584		$	2,027

___________________ 

(1) Includes interest on cash equivalents and dividends on FHLB stock

Provision for Loan Losses: The Company recorded an $18,000,000 provision for loan losses during the quarter ended March 31, 2012, while a $30,750,000 provision was recorded for the same quarter one year ago. Non-performing assets amounted to $286,248,000, or 2.11% , of total assets at March 31, 2012, compared to $399,295,000, or 2.98%, of total assets one year ago. Non-accrual loans decreased from $221,736,000 at March 31, 2011, to $166,153,000 at March 31, 2012, a 25.1% decrease. The Company had net charge-offs of $28,721,000 for the quarter ended March 31, 2012, compared with $26,421,000 of net charge-offs for the same quarter one year ago. The decrease in the provision for loan losses is in response to four primary factors: first, the amount of NPA's improved; second, non-accrual loans as a percentage of net loans decreased from 2.77% at March 31, 2011, to 2.16% at March 31, 2012; third, the percentage of loans 30 days or more delinquent decreased from from 3.37% at March 31, 2011, to 2.95% at March 31, 2012; and finally, the Company's exposure in the land A&D and speculative construction portfolios, the source of the majority of losses during this period of the cycle, has decreased from a combined 4.6% of the gross loan portfolio at March 31, 2011, to 3.5% at March 31, 2012. Management expects the provision to remain at elevated levels until housing

42

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

values stabilize. Management believes the allowance for loan losses, totaling $143,819,000, is sufficient to absorb estimated losses inherent in the portfolio.

See Note F for further discussion and analysis of the allowance for loan losses for the quarter ended March 31, 2012.

Other Income: The quarter ended March 31, 2012 produced total other income of $5,028,000 compared to $12,511,000 for the same quarter one year ago, a decrease of $7,483,000. The quarter ended March 31, 2011 included an $8,147,000 gain on sale of investments compared to no gain during the current quarter ended March 31, 2012.

Other Expense: The quarter ended March 31, 2012, produced total other expense of $36,812,000 compared to $33,321,000 for the same quarter one year ago, a 10.5% increase. The increase in total other expense over the same comparable period one year ago was primarily due to the increase of $2,361,000 in compensation and benefits, which, for the quarter ended March 31, 2012 included the addition of the employees from the Charter Bank acquisition October 2011 and the Western National Bank transaction with the FDIC in December 2011. Also impacted by these acquisitions were the increases in occupancy expense and other expense of $458,000 and $1,422,000 respectively, for the quarter ended March 31, 2012 as compared to the prior year. Total other expense for the quarters ended March 31, 2012 and 2011 equaled 1.08% and 0.99%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,248 and 1,226 at March 31, 2012 and 2011, respectively.

Taxes: Income taxes increased to $19,165,000 for the quarter ended March 31, 2012, as compared to $14,526,000 for the same period one year ago. The effective tax rate for the quarters ended March 31, 2012 and 2010, was 36.00%. The Company expects an effective tax rate of 36.00% going forward.

Item 3.        Quantitative and Qualitative Disclosures About Market Risk

Management believes that there have been no material changes in the Company’s quantitative and qualitative information about market risk since September 30, 2011. For a complete discussion of the Company’s quantitative and qualitative market risk, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s 2011 Form 10-K.

(a) Evaluation of Disclosure Controls and Procedures. The Company maintains a set of disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that are designed to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to the Company's management, including the Company’s President and Chief Executive Officer along with the Company’s Executive Vice President and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Management has evaluated, with the participation of the Company’s President and Chief Executive Officer, along with the Company’s Executive Vice President and Chief Financial Officer, the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this quarterly report (the "Evaluation Date"). Based on the evaluation, the Company’s President and Chief Executive Officer along with the Company’s Executive Vice President and Chief Financial Officer have concluded that, as of the Evaluation Date, the Company's disclosure controls and procedures are effective.

(b) Changes in Internal Control over Financial Reporting. During the period to which this report relates, there have not been any changes in the Company's internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or that are reasonably likely to materially affect, such controls.

43

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART II – Other Information

Item 1. Legal Proceedings

From time to time the Company or its subsidiaries are engaged in legal proceedings in the ordinary course of business, none of which are considered to have a material impact on the Company’s financial position or results of operations.

Item 1A. Risk Factors

In addition to the other information contained in this Quarterly Report on Form 10-Q, the following risk factors represent material updates and additions to the risk factors previously disclosed in the Company’s Annual Report on Form 10-K. Additional risks not presently known to us, or that we currently deem immaterial, may also adversely affect our business, financial condition or results of operations.

Financial reform legislation has, among other things, eliminated the Office of Thrift Supervision (“OTS”), tightened capital standards, created a new Consumer Financial Protection Bureau and resulted in new laws and regulations that may increase our costs of operations.

On July 21, 2010, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). This new law significantly changed the current bank regulatory structure and affected the lending, deposit, investment, trading and operating activities of financial institutions and their holding companies. It requires various federal agencies to adopt a broad range of new implementing rules and regulations, and to prepare numerous studies and reports for Congress. The federal agencies are given significant discretion in drafting the implementing rules and regulations, and consequently, many of the details and much of the impact of the Act may not be known for many months or years.

One change that was particularly significant to the Company and the Bank was the abolition of the OTS, the Bank’s historical federal financial institution regulator. After the OTS was abolished, supervision and regulation of the Company moved to the Board of Governors of the Federal Reserve System (“Federal Reserve”) and supervision and regulation of the Bank moved to the Office of the Comptroller of the Currency (“OCC”). Except as described below, however, the laws and regulations applicable to the Company and the Bank will not generally change – the Home Owners Loan Act and the regulations issued under the Act will generally still apply (although these laws and regulations will be interpreted by the Federal Reserve and the OCC, respectively).

In addition, the Company for the first time is subject to consolidated capital requirements and is required to serve as a source of strength to the Bank. The Bank is subject to the same lending limits as national banks. At this time, we do not anticipate that being subject to any of these provisions will have a material effect on the Company or the Bank.

The Act also broadened the base for Federal Deposit Insurance Corporation insurance assessments. Assessments are now based on the average consolidated total assets less tangible equity capital of a financial institution. This could result in an increase in deposit insurance assessments to be paid by the Bank. The Act also permanently increased the maximum amount of deposit insurance for banks, savings institutions and credit unions to $250,000 per depositor, retroactive to January 1, 2008, and non-interest bearing transaction accounts will have unlimited deposit insurance from March 31, 2011 through December 31, 2012. The Federal Reserve also adopted a rule addressing interchange fees applicable to debit card transactions that lowers fee income generated from this source. At this time, we do not anticipate that being subject to any of these provisions will have a material effect on the Company or the Bank.

The Act requires publicly traded companies to give stockholders a non-binding vote on executive compensation and so-called “golden parachute” payments, and authorizes the Securities and Exchange Commission to promulgate rules that would allow stockholders to nominate their own candidates for election as directors using a company’s proxy materials. The legislation also directs the federal financial institution regulatory agencies to promulgate rules prohibiting excessive compensation being paid to financial institution executives.

The Act created a new Consumer Financial Protection Bureau to take over responsibility for the principal federal consumer protection laws, such as the Truth in Lending Act, the Equal Credit Opportunity Act, the Real Estate Settlement Procedures Act and the Truth in Saving Act, among others, with broad rule-making, supervisory and examination authority in this area over institutions that have assets of $10 billion or more, such as the Bank. The Act also narrowed the scope of federal preemption of state laws related to federally chartered institutions.

Many of the provisions of the Act did not become effective until a year or more after its enactment and some provisions require the adoption and implementation of new or revised regulations. In addition, the scope and impact of many of the Act’s provisions

44

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART II – Other Information

will be determined through the rulemaking process. As a result, we cannot predict the ultimate impact of the Act on the Company or the Bank at this time, including the extent to which it could increase costs or limit our ability to pursue business opportunities in an efficient manner, or otherwise adversely affect our business, financial condition and results of operations. Nor can we predict the impact or substance of other future legislation or regulation. However, it is expected that at a minimum they will increase our operating and compliance costs.

The Bank has entered into a memorandum of understanding with the OTS that will entail compliance costs.  Failure to comply with the memorandum could result in formal enforcement action or regulatory constraints on the Bank.

As previously disclosed, the Bank entered into a memorandum of understanding (“MOU”) with the OTS on July 28, 2010.  The MOU and our compliance with it is being monitored by the OCC since the OTS was abolished in July 2011. The MOU does not affect dividend policy or require additional capital, but a finding by the OCC that the Bank failed to comply with the MOU could result in additional regulatory scrutiny, constraints on the Bank's business, or formal enforcement action.  Any of those events could have a material adverse effect on the Bank's future operations, financial condition, growth or other aspects of our business. 

The MOU will remain in effect until the OCC, as the successor to the OTS, decides to modify, suspend or terminate it. 

Item 2.        Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information with respect to purchases made by or on behalf of the Company of the Company’s common stock during the three months ended March 31, 2012.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of  Publicly Announced Plan (1)	Maximum Number of Shares That May Yet Be Purchased Under the Plan at the End of the Period
January 1, 2012 to January 31, 2012	—	$	—	—	7,533,514
February 1, 2012 to February 29, 2012	625,200	15.99		625,200	6,908,314
March 1, 2012 to March 31, 2012	—	—		—	6,908,314
Total	625,200	$	15.99	625,200	6,908,314

 ___________________

(1) The Company's only stock repurchase program was publicly announced by the Board of Directors on February 3, 1995 and has no expiration date. Under this ongoing program, a total of 31,956,264 shares have been authorized for repurchase.

Item 3.        Defaults Upon Senior Securities

Not applicable

Item 5.        Other Information

In June 2011, the FASB issued guidance on the presentation of comprehensive income in financial statements. Entities are required to present total comprehensive income either in a single, continuous statement of comprehensive income or in two separate, but consecutive, statements. We adopted this standard as of October 1, 2011 and present net income and other comprehensive income in two separate, but consecutive, statements. The table below reflects the retrospective application of this guidance for each of the three years ended September 30. The retrospective application did not have a material impact on our financial condition or results of operations.

45

	Fiscal Years Ended September 30,
	2011		2010			2009
	(In thousands)
Net income	$	111,141	$	118,653		$	48,172
Other comprehensive income net of tax:
Net unrealized gains (losses) on available-for-sales securities,
net of taxes of $16,981 for 2011	30,852		(19,203		)	51,273
Reclassification adjustment of net gains from sale
of available-for-sale securities included in net income,
net of taxes of $2,892 for 2011	5,255		14,454			686
Other comprehensive income	36,107		(4,749		)	51,959
Comprehensive income	$	147,248	$	113,904		$	100,131

Item 6.        Exhibits

(a)	Exhibits
	31.1	Section 302 Certification by the Chief Executive Officer
	31.2	Section 302 Certification by the Chief Financial Officer
	32	Section 906 Certification by the Chief Executive Officer and the Chief Financial Officer
	101	Financial Statements from the Company’s Quarterly Report on Form 10-Q for the fiscal quarter and six months ended March 31, 2012 formatted in XBRL

46

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

May 7, 2012	/S/    ROY M. WHITEHEAD
	ROY M. WHITEHEAD Chairman, President and Chief Executive Officer
May 7, 2012	/S/    BRENT J. BEARDALL
	BRENT J. BEARDALL Executive Vice President and Chief Financial Officer

47

EX-31.1

Exhibit 31.1

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Roy M. Whitehead, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Washington Federal, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 7, 2012	/s/ Roy M. Whitehead
		ROY M. WHITEHEAD Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Brent J. Beardall, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Washington Federal, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 7, 2012	/s/ Brent J. Beardall
		BRENT J. BEARDALL
		Executive Vice President and Chief Financial Officer

EX-32

Exhibit 32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Washington Federal, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the undersigned's best knowledge and belief:

(a) the Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(b) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 7, 2012

Washington Federal, Inc.

(Company)

/s/ Roy M. Whitehead

ROY M. WHITEHEAD

Chairman, President and Chief Executive Officer

/s/ Brent J. Beardall

BRENT J. BEARDALL

Executive Vice President and Chief Financial Officer

XML

Covered Assets (Credit Risk Profile by Internally Assigned Grade by Loan Status Designation) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		$ 495,358
Loans and Leases Receivable, Covered Loans, Gross	422,647	495,358
Discount balance related to acquired loans	(97,247)	(109,409)
Covered loans, allowance for losses	(3,766)	(3,766)
Loans and Leases Receivable, Covered Loans, Net Reported Amount	321,634	382,183
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	254,137	292,421
Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	168,510	202,937
Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	40,784	46,214
Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	6,082	11,930
Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	734	1,315
Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,061	15,058
Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	507	654
Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	32,588	34,906
Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,043	3,324
Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	129,198	148,464
Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	72,582	79,066
Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,541	22,881
Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	21,648	32,018
Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	19,705	21,730
Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,019	1,199
Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	58,584	67,644
Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	6,571	8,955
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	94.50%	94.10%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	80.20%	83.10%
Outstanding principal balance of acquired loans	203,771	243,078
Pass [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	19,844	20,470
Pass [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	37,588	45,619
Pass [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,038	3,667
Pass [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	734	1,315
Pass [Member] | Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Pass [Member] | Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	7,632	8,383
Pass [Member] | Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	507	543
Pass [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	29,828	32,448
Pass [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	99,296	118,124
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	411	418
Pass [Member] | Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	7,462	13,717
Pass [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,983	2,859
Pass [Member] | Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	19,705	21,730
Pass [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,019	1,199
Pass [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	10,415	9,982
Pass [Member] | Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,997	3,544
Special Mention [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	0.60%	0.90%
Special Mention [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	3.00%	4.20%
Outstanding principal balance of acquired loans	7,669	12,157
Special Mention [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	40,730	36,284
Special Mention [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,398	6,315
Special Mention [Member] | Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,043	0
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,115	1,361
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	30,259	30,579
Special Mention [Member] | Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,156	4,481
Special Mention [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,556	2,725
Special Mention [Member] | Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,872	2,980
Special Mention [Member] | Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	4.90%	5.00%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	16.80%	12.60%
Outstanding principal balance of acquired loans	42,697	36,742
Substandard [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	107,936	145,411
Substandard [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,196	595
Substandard [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,044	8,263
Substandard [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,031	360
Substandard [Member] | Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	111
Substandard [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,760	2,458
Substandard [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	3,324
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	28,787	28,979
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	41,912	48,069
Substandard [Member] | Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	6,923	4,239
Substandard [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,109	25,662
Substandard [Member] | Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	42,297	54,682
Substandard [Member] | Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,574	5,411
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]
Grade as percentage of total gross loans	0.00%	0.20%
Outstanding principal balance of acquired loans	0	444
Doubtful [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	772
Doubtful [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	444
Doubtful [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	772
Doubtful [Member] | Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
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]
Grade as percentage of total gross loans	0.00%	0.00%
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction, Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Land, Acquisition and Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0

XML

Allowance for Losses on Loans (Impaired Loans Based on Loan Types) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Mar. 31, 2012		Sep. 30, 2011		Mar. 31, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 512,348		$ 476,822		$ 512,348
Unpaid Principal Balance	550,537		514,726		550,537
Related Allowance	52,125	[1]	65,424	[2]	52,125	[1]
Average Recorded Investment	482,730		392,675		478,569
Amount of related allowance included in specific reserves	29,781		41,912		29,781
Amount of related allowance included in general reserves	22,344		23,512		22,344
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	383,730		337,143		383,730
Unpaid Principal Balance	384,092		341,121		384,092
Related Allowance	25,823		29,378		25,823
Average Recorded Investment	357,780		267,671		354,157
Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	35,878		37,541		35,878
Unpaid Principal Balance	38,092		40,281		38,092
Related Allowance	7,751		6,859		7,751
Average Recorded Investment	32,014		33,759		31,474
Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	58,042		71,472		58,042
Unpaid Principal Balance	91,189		100,882		91,189
Related Allowance	13,590		22,230		13,590
Average Recorded Investment	62,767		69,174		64,051
Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	331		352		331
Unpaid Principal Balance	331		352		331
Related Allowance	1,040		1,135		1,040
Average Recorded Investment	292		110		278
Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	22,624		20,382		22,624
Unpaid Principal Balance	23,285		21,657		23,285
Related Allowance	2,110		4,180		2,110
Average Recorded Investment	20,091		16,438		19,443
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,442		9,891		11,442
Unpaid Principal Balance	13,247		10,392		13,247
Related Allowance	1,787		1,601		1,787
Average Recorded Investment	9,616		5,492		9,040
Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	225		41		225
Unpaid Principal Balance	225		41		225
Related Allowance	24		41		24
Average Recorded Investment	132		31		101
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	76		0		76
Unpaid Principal Balance	76		0		76
Related Allowance	0		0		0
Average Recorded Investment	38		0		25
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	408,538		433,808		408,538
Unpaid Principal Balance	409,414		434,684		409,414
Related Allowance	52,125	[1]	65,424	[2]	52,125	[1]
Average Recorded Investment	406,915		344,999		411,308
Financing Receivable, Impairment, Allowance Recorded [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	332,053		331,546		332,053
Unpaid Principal Balance	332,053		331,546		332,053
Related Allowance	25,823		29,378		25,823
Average Recorded Investment	331,768		261,736		336,505
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	27,751		29,255		27,751
Unpaid Principal Balance	27,751		29,255		27,751
Related Allowance	7,751		6,859		7,751
Average Recorded Investment	26,163		26,385		25,511
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, Allowance Recorded [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	30,521		49,036		30,521
Unpaid Principal Balance	31,397		49,912		31,397
Related Allowance	13,590		22,230		13,590
Average Recorded Investment	30,921		41,006		31,138
Financing Receivable, Impairment, Allowance Recorded [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	250		352		250
Unpaid Principal Balance	250		352		250
Related Allowance	1,040		1,135		1,040
Average Recorded Investment	251		110		251
Financing Receivable, Impairment, Allowance Recorded [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,352		17,149		11,352
Unpaid Principal Balance	11,352		17,149		11,352
Related Allowance	2,110		4,180		2,110
Average Recorded Investment	11,370		12,380		11,386
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	6,587		6,429		6,587
Unpaid Principal Balance	6,587		6,429		6,587
Related Allowance	1,787		1,601		1,787
Average Recorded Investment	6,413		3,351		6,484
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	24		41		24
Unpaid Principal Balance	24		41		24
Related Allowance	24		41		24
Average Recorded Investment	29		31		33
Financing Receivable, Impairment, Allowance Recorded [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, Allowance Recorded [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	103,810		43,014		103,810
Unpaid Principal Balance	141,123		80,042		141,123
Related Allowance	0		0		0
Average Recorded Investment	75,815		47,676		67,261
Financing Receivable, Impairment, No Related Allowance [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	51,677		5,597		51,677
Unpaid Principal Balance	52,039		9,575		52,039
Related Allowance	0		0		0
Average Recorded Investment	26,012		5,935		17,652
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	8,127		8,286		8,127
Unpaid Principal Balance	10,341		11,026		10,341
Related Allowance	0		0		0
Average Recorded Investment	5,851		7,374		5,963
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, No Related Allowance [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	27,521		22,436		27,521
Unpaid Principal Balance	59,792		50,970		59,792
Related Allowance	0		0		0
Average Recorded Investment	31,846		28,168		32,913
Financing Receivable, Impairment, No Related Allowance [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	81		0		81
Unpaid Principal Balance	81		0		81
Related Allowance	0		0		0
Average Recorded Investment	41		0		27
Financing Receivable, Impairment, No Related Allowance [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,272		3,233		11,272
Unpaid Principal Balance	11,933		4,508		11,933
Related Allowance	0		0		0
Average Recorded Investment	8,721		4,058		8,057
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,855		3,462		4,855
Unpaid Principal Balance	6,660		3,963		6,660
Related Allowance	0		0		0
Average Recorded Investment	3,203		2,141		2,556
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	201		0		201
Unpaid Principal Balance	201		0		201
Related Allowance	0		0		0
Average Recorded Investment	103		0		68
Financing Receivable, Impairment, No Related Allowance [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	76		0		76
Unpaid Principal Balance	76		0		76
Related Allowance	0		0		0
Average Recorded Investment	38		0		25
Financing Receivable, Impairment, No Related Allowance [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	$ 0		$ 0		$ 0

[1] Includes $29,781,000 of specific reserves and $22,344,000 included in the general reserves.

[2] Includes $41,912,000 of specific reserves and $23,512,000 included in the general reserves.

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Loans Receivable (excluding Covered Loans) (Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Mar. 31, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretion, Carrying Amount of Loans	$ 990	$ 3,103
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period, AccretableYield	0
Balance at beginning of period, Carrying Amount of Loans	0
Additions, AccretableYield	21,606
Additions, Carrying Amount of Loans	92,981
Accretion, AccretableYield	(1,790)
Accretion, Carrying Amount of Loans	1,790
Transfers to REO, AccretableYield	0
Transfers to REO, Carrying Amount of Loans	0
Payments received, net, AccretableYield	0
Payments received, net, Carrying Amount of Loans	(4,148)
Balance at end of period, AccretableYield	19,816
Balance at end of period, Carrying Amount of Loans	$ 90,623

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Fair Value Measurements (Securities in Unrealized Loss Positions) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ (5,301)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	653,696
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(129)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	41,945
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(5,430)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	695,641
US Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(2,648)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	257,353
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(2,648)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	257,353
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(2,653)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	396,343
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(129)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	41,945
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(2,782)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 438,288

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Acquisitions

6 Months Ended

Mar. 31, 2012

Business Combinations [Abstract]

Acquisitions

Acquisitions

Western National Bank

Effective December 16, 2011, Washington Federal, acquired certain assets and liabilities, including most of the loans and deposits, of Western National Bank, headquartered in Phoenix, Arizona (“WNB”) from the Federal Deposit Insurance Corporation (“FDIC”) in an FDIC assisted transaction. Under the terms of the Purchase and Assumption Agreement, the Bank and the FDIC agreed to a discount of $53 million on net assets and no loss sharing provision or premium on deposits.

WNB operated three full-service offices in Arizona. The Bank acquired certain assets with a book value of $177 million, including $143 million in loans and $7 million in foreclosed real estate, and selected liabilities with a book value of $153 million, including $136 million in deposits. Pursuant to the purchase and assumption agreement with the FDIC, the Bank received a cash payment from the FDIC for $30 million.

The acquisition was accounted for under the acquisition method of accounting. The purchased assets and assumed liabilities were recorded at their respective acquisition date estimated fair values. The purchase accounting for acquired assets and liabilities, mainly related to the valuation of the acquired loans, is subject to future adjustment based on the completion of valuations. The amounts currently recognized in the financial statements have been determined provisionally as we are completing a fair value analysis of those assets. Final purchase accounting adjustments are expected to be complete by fiscal year end. Loans that were classified as non-performing loans by WNB are no longer classified as non-performing because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. Management believes that the new book value reflects an amount that will ultimately be collected.

South Valley Bancorp, Inc.

On April 4, 2012, the Company and South Valley Bancorp, Inc. (“South Valley”) announced the signing of a definitive merger agreement. The merger agreement calls for the merger of South Valley with and into the Company, followed by the merger of South Valley's wholly owned subsidiary, South Valley Bank & Trust, into the Company's wholly owned subsidiary, Washington Federal. Under the terms of the definitive merger agreement, each outstanding share of South Valley common stock will be converted into the right to receive: (i) 0.2962 of a share of the Company's common stock, (ii) a contingent cash payment equal to the pro rata portion of an earn-out from the net proceeds collected from a pool of specified assets of South Valley with a value of approximately $39 million as of March 31, 2012, and (iii) a contingent cash payment equal to the pro rata portion of the net proceeds, if any, received by South Valley from the sale of its trust business and/or wealth management business prior to the closing of the merger. Assuming a per share price of $16.88 for the Company's common stock, the aggregate value of the stock portion of the merger consideration is approximately $33.7 million. After consummation of the merger, the combined company will have 190 offices in eight western states with total assets of approximately $14.4 billion and total deposits of approximately $9.6 billion, based on financial results as of December 31, 2011. The merger is expected to close in the third calendar quarter of 2012, pending the receipt of all requisite regulatory approvals, the approval of South Valley's shareholders and the satisfaction of other customary closing conditions.

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Loans Receivable (excluding Covered Loans) (Loan Modifications) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2012 Contracts	Mar. 31, 2011 Contracts	Mar. 31, 2012 Contracts	Mar. 31, 2011 Contracts
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	113	53	132	95
Recorded Investment	$ 21,284	$ 19,346	$ 26,095	$ 31,934
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	108	47	125	87
Recorded Investment	20,419	11,801	24,783	19,763
Construction, Speculative [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Construction, Custom [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Land, Acquisition and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	1
Recorded Investment	0	0	0	4,505
Land, Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	5	3	7	4
Recorded Investment	865	710	1,312	831
Multi Family Housing [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	2	0	2
Recorded Investment	0	6,613	0	6,613
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	1	0	1
Recorded Investment	0	222	0	222
Commercial and Industrial Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0

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Loans Receivable (excluding Covered Loans) (Troubled Debt Restructurings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2012 Contracts	Mar. 31, 2011 Contracts	Mar. 31, 2012 Contracts	Mar. 31, 2011 Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	344	31	569	184
Pre-Modification Outstanding Recorded Investment	$ 78,319	$ 8,468	$ 140,753	$ 57,306
Post-Modification Outstanding Recorded Investment	78,319	8,468	140,753	57,306
Loan Modification, Basis Point Reduction, Minimum			1.00%
Loan Modification, Basis Point Reduction, Maximum			2.00%
Single Family Residential Loans as Percentage of Restructured Loans	82.60%		82.60%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	312	26	491	165
Pre-Modification Outstanding Recorded Investment	68,460	7,019	121,145	46,488
Post-Modification Outstanding Recorded Investment	68,460	7,019	121,145	46,488
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	12	0	23	0
Pre-Modification Outstanding Recorded Investment	4,049	0	7,428	0
Post-Modification Outstanding Recorded Investment	4,049	0	7,428	0
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	0	0	0	0
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	4	0	26	0
Pre-Modification Outstanding Recorded Investment	1,823	0	6,173	0
Post-Modification Outstanding Recorded Investment	1,823	0	6,173	0
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	14	3	25	13
Pre-Modification Outstanding Recorded Investment	2,116	498	3,824	2,636
Post-Modification Outstanding Recorded Investment	2,116	498	3,824	2,636
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	2	2	2	6
Pre-Modification Outstanding Recorded Investment	1,871	951	1,871	8,182
Post-Modification Outstanding Recorded Investment	1,871	951	1,871	8,182
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	1	0
Pre-Modification Outstanding Recorded Investment	0	0	308	0
Post-Modification Outstanding Recorded Investment	0	0	308	0
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	1	0
Pre-Modification Outstanding Recorded Investment	0	0	4	0
Post-Modification Outstanding Recorded Investment	0	0	4	0
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	0	0	0	0
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0	$ 0	$ 0

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Allowance for Losses on Loans (Details) (USD $)	3 Months Ended			6 Months Ended			12 Months Ended
	Mar. 31, 2012		Mar. 31, 2011	Mar. 31, 2012		Mar. 31, 2011	Sep. 30, 2011
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	$ 154,540,000			$ 157,160,000		$ 163,094,000	$ 163,094,000
Charge-offs	(29,988,000)						(109,709,000)
Recoveries	1,267,000						11,424,000
Provisions & Transfers	18,000,000						92,351,000
Ending Allowance	143,819,000			143,819,000			157,160,000
Provision for loan losses	18,000,000		30,750,000	29,209,000		56,750,000
Loans receivable, gross	8,031,138,000			8,031,138,000			8,299,074,000
Nonaccrual loans by portfolio segment	166,153,000		221,736,000	166,153,000		221,736,000	210,465,000
Percentage increase (decrease) in nonperforming assets	(25.10%)			(25.10%)
Allowance for credit losses, charge-offs, net of recoveries	28,721,000		26,421,000
Percentage increase (decrease) in loans over 30 days delinquent	2.95%		3.37%	2.95%		3.37%
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.18%			3.18%			3.43%
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	84,793,000					47,160,000	47,160,000
Charge-offs	(15,086,000)						(38,465,000)
Recoveries	836,000						3,072,000
Provisions & Transfers	13,332,000						71,540,000
Ending Allowance	83,875,000			83,875,000			83,307,000
Loans receivable, gross	5,973,633,000			5,973,633,000			6,218,878,000
Nonaccrual loans by portfolio segment	116,284,000			116,284,000			126,624,000
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.10%		3.33%	3.10%		3.33%	3.25%
Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	14,640,000					26,346,000	26,346,000
Charge-offs	(980,000)						(13,197,000)
Recoveries	0						2,143,000
Provisions & Transfers	2,283,000						(1,464,000)
Ending Allowance	15,943,000			15,943,000			13,828,000
Loans receivable, gross	128,858,000			128,858,000			140,459,000
Nonaccrual loans by portfolio segment	8,190,000			8,190,000			15,383,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							7.42%
Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	457,000					770,000	770,000
Charge-offs	0						(237,000)
Recoveries	0						0
Provisions & Transfers	(73,000)						90,000
Ending Allowance	384,000			384,000			623,000
Loans receivable, gross	235,566,000			235,566,000			279,851,000
Nonaccrual loans by portfolio segment	539,000			539,000			635,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							0.43%
Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	29,089,000					61,637,000	61,637,000
Charge-offs	(11,738,000)						(39,797,000)
Recoveries	0						2,271,000
Provisions & Transfers	2,578,000						8,608,000
Ending Allowance	19,929,000			19,929,000			32,719,000
Loans receivable, gross	156,457,000			156,457,000			200,692,000
Nonaccrual loans by portfolio segment	25,036,000			25,036,000			37,339,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							17.69%
Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	8,283,000					4,793,000	4,793,000
Charge-offs	(687,000)						(4,196,000)
Recoveries	0						0
Provisions & Transfers	116,000						4,923,000
Ending Allowance	7,712,000			7,712,000			5,520,000
Loans receivable, gross	149,967,000			149,967,000			163,146,000
Nonaccrual loans by portfolio segment	5,641,000			5,641,000			8,843,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							6.92%
Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	6,543,000					5,050,000	5,050,000
Charge-offs	(106,000)						(1,950,000)
Recoveries	9,000						71,000
Provisions & Transfers	(1,609,000)						4,452,000
Ending Allowance	4,837,000			4,837,000			7,623,000
Loans receivable, gross	687,696,000			687,696,000			700,673,000
Nonaccrual loans by portfolio segment	4,530,000			4,530,000			7,664,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							1.23%
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	2,739,000					3,165,000	3,165,000
Charge-offs	(151,000)						(1,593,000)
Recoveries	6,000						328,000
Provisions & Transfers	275,000						2,431,000
Ending Allowance	2,869,000			2,869,000			4,331,000
Loans receivable, gross	394,488,000			394,488,000			303,442,000
Nonaccrual loans by portfolio segment	4,997,000			4,997,000			11,380,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							2.76%
Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	4,421,000					6,193,000	6,193,000
Charge-offs	(111,000)						(4,733,000)
Recoveries	53,000						1,925,000
Provisions & Transfers	64,000						1,714,000
Ending Allowance	4,427,000			4,427,000			5,099,000
Loans receivable, gross	102,684,000			102,684,000			109,332,000
Nonaccrual loans by portfolio segment	1,000			1,000			1,679,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							2.10%
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	972,000					586,000	586,000
Charge-offs	(76,000)						(939,000)
Recoveries	0						185,000
Provisions & Transfers	73,000						1,307,000
Ending Allowance	969,000			969,000			1,139,000
Loans receivable, gross	130,583,000			130,583,000			115,092,000
Nonaccrual loans by portfolio segment	591,000			591,000			481,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							0.90%
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	2,603,000					7,394,000	7,394,000
Charge-offs	(1,053,000)						(4,602,000)
Recoveries	363,000						1,429,000
Provisions & Transfers	961,000						(1,250,000)
Ending Allowance	2,874,000			2,874,000			2,971,000
Loans receivable, gross	71,206,000			71,206,000			67,509,000
Nonaccrual loans by portfolio segment	344,000			344,000			437,000
Ratio of past due loans to total loans, net of charge-offs and LIPs							3.07%
Loans Collectively Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	114,039,000		107,510,000	114,039,000		107,510,000	115,248,000
Loans receivable, gross	7,665,438,000	[1]		7,665,438,000	[1]		8,016,078,000	[2]
Allowance as a percentage of outstanding loans and leases	1.40%			1.40%			1.40%
Loans Collectively Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	80,397,000			80,397,000			77,441,000
Loans receivable, gross	5,920,650,000	[1]		5,920,650,000	[1]		6,186,322,000	[2]
Allowance as a percentage of outstanding loans and leases	1.40%			1.40%			1.30%
Loans Collectively Evaluated for Impairment [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	8,192,000			8,192,000			6,969,000
Loans receivable, gross	94,129,000	[1]		94,129,000	[1]		89,986,000	[2]
Allowance as a percentage of outstanding loans and leases	8.70%			8.70%			7.70%
Loans Collectively Evaluated for Impairment [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	384,000			384,000			623,000
Loans receivable, gross	235,566,000	[1]		235,566,000	[1]		279,851,000	[2]
Allowance as a percentage of outstanding loans and leases	0.20%			0.20%			0.20%
Loans Collectively Evaluated for Impairment [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	6,339,000			6,339,000			10,489,000
Loans receivable, gross	44,765,000	[1]		44,765,000	[1]		61,277,000	[2]
Allowance as a percentage of outstanding loans and leases	14.20%			14.20%			17.10%
Loans Collectively Evaluated for Impairment [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	6,672,000			6,672,000			4,385,000
Loans receivable, gross	147,703,000	[1]		147,703,000	[1]		160,906,000	[2]
Allowance as a percentage of outstanding loans and leases	4.50%			4.50%			2.70%
Loans Collectively Evaluated for Impairment [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,727,000			2,727,000			3,443,000
Loans receivable, gross	671,367,000	[1]		671,367,000	[1]		679,823,000	[2]
Allowance as a percentage of outstanding loans and leases	0.40%			0.40%			0.50%
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,082,000			1,082,000			2,730,000
Loans receivable, gross	273,434,000	[1]		273,434,000	[1]		268,906,000	[2]
Allowance as a percentage of outstanding loans and leases	0.40%			0.40%			1.00%
Loans Collectively Evaluated for Impairment [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	4,403,000			4,403,000			5,058,000
Loans receivable, gross	93,376,000	[1]		93,376,000	[1]		106,406,000	[2]
Allowance as a percentage of outstanding loans and leases	4.70%			4.70%			4.80%
Loans Collectively Evaluated for Impairment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	969,000			969,000			1,139,000
Loans receivable, gross	113,368,000	[1]		113,368,000	[1]		115,092,000	[2]
Allowance as a percentage of outstanding loans and leases	0.90%			0.90%			1.00%
Loans Collectively Evaluated for Impairment [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,874,000			2,874,000			2,971,000
Loans receivable, gross	71,080,000	[1]		71,080,000	[1]		67,509,000	[2]
Allowance as a percentage of outstanding loans and leases	4.00%			4.00%			4.40%
Loans Individually Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	29,780,000		56,107,000	29,780,000		56,107,000	41,912,000
Loans receivable, gross	231,389,000	[1]		231,389,000	[1]		282,996,000	[2]
Allowance as a percentage of outstanding loans and leases	12.90%			12.90%			14.80%
Loans Individually Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,479,000			3,479,000			5,866,000
Loans receivable, gross	50,890,000	[1]		50,890,000	[1]		32,556,000	[2]
Allowance as a percentage of outstanding loans and leases	6.80%			6.80%			18.00%
Loans Individually Evaluated for Impairment [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	7,751,000			7,751,000			6,859,000
Loans receivable, gross	34,590,000	[1]		34,590,000	[1]		50,473,000	[2]
Allowance as a percentage of outstanding loans and leases	22.40%			22.40%			13.60%
Loans Individually Evaluated for Impairment [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	0	[1]		0	[1]		0	[2]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Loans Individually Evaluated for Impairment [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	13,589,000			13,589,000			22,230,000
Loans receivable, gross	107,202,000	[1]		107,202,000	[1]		139,415,000	[2]
Allowance as a percentage of outstanding loans and leases	12.70%			12.70%			15.90%
Loans Individually Evaluated for Impairment [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,040,000			1,040,000			1,135,000
Loans receivable, gross	2,264,000	[1]		2,264,000	[1]		2,240,000	[2]
Allowance as a percentage of outstanding loans and leases	45.90%			45.90%			50.70%
Loans Individually Evaluated for Impairment [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,110,000			2,110,000			4,180,000
Loans receivable, gross	15,100,000	[1]		15,100,000	[1]		20,850,000	[2]
Allowance as a percentage of outstanding loans and leases	14.00%			14.00%			20.00%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,787,000			1,787,000			1,601,000
Loans receivable, gross	19,800,000	[1]		19,800,000	[1]		34,536,000	[2]
Allowance as a percentage of outstanding loans and leases	9.00%			9.00%			4.60%
Loans Individually Evaluated for Impairment [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	24,000			24,000			41,000
Loans receivable, gross	1,543,000	[1]		1,543,000	[1]		2,926,000	[2]
Allowance as a percentage of outstanding loans and leases	1.60%			1.60%			1.40%
Loans Individually Evaluated for Impairment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	0	[1]		0	[1]		0	[2]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Loans Individually Evaluated for Impairment [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	0	[1]		0	[1]		0	[2]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Nonperforming Financing Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loans receivable, gross	286,248,000		399,295,000	286,248,000		399,295,000
Grade as percentage of total gross loans	2.11%		2.98%	2.11%		2.98%
Nonaccrual loans by portfolio segment	166,153,000			166,153,000			210,465,000
Nonperforming Financing Receivable [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	116,284,000			116,284,000			126,624,000
Nonperforming Financing Receivable [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	8,190,000			8,190,000			15,383,000
Nonperforming Financing Receivable [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	539,000			539,000			635,000
Nonperforming Financing Receivable [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	25,036,000			25,036,000			37,339,000
Nonperforming Financing Receivable [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	5,641,000			5,641,000			8,843,000
Nonperforming Financing Receivable [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	4,530,000			4,530,000			7,664,000
Nonperforming Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	4,997,000			4,997,000			11,380,000
Nonperforming Financing Receivable [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	1,000			1,000			1,679,000
Nonperforming Financing Receivable [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	591,000			591,000			481,000
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	$ 344,000			$ 344,000			$ 437,000

[1] Excludes acquired and covered loans

[2] Excludes covered loans

XML

Allowance for Losses on Loans (Internally Assigned Grade) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011	Mar. 31, 2012 Pass [Member]	Sep. 30, 2011 Pass [Member]	Mar. 31, 2012 Special Mention [Member]	Sep. 30, 2011 Special Mention [Member]	Mar. 31, 2012 Substandard [Member]	Sep. 30, 2011 Substandard [Member]	Mar. 31, 2012 Doubtful [Member]	Sep. 30, 2011 Doubtful [Member]	Mar. 31, 2012 Loss [Member]	Sep. 30, 2011 Loss [Member]	Mar. 31, 2012 Nonperforming Financing Receivable [Member]	Mar. 31, 2011 Nonperforming Financing Receivable [Member]	Mar. 31, 2012 Residential Portfolio Segment [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member] Pass [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member] Special Mention [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member] Substandard [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member] Doubtful [Member]	Sep. 30, 2011 Residential Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Construction, Speculative [Member]	Sep. 30, 2011 Construction, Speculative [Member]	Sep. 30, 2011 Construction, Speculative [Member] Pass [Member]	Sep. 30, 2011 Construction, Speculative [Member] Special Mention [Member]	Sep. 30, 2011 Construction, Speculative [Member] Substandard [Member]	Sep. 30, 2011 Construction, Speculative [Member] Doubtful [Member]	Sep. 30, 2011 Construction, Speculative [Member] Loss [Member]	Mar. 31, 2012 Construction, Custom [Member]	Sep. 30, 2011 Construction, Custom [Member]	Sep. 30, 2011 Construction, Custom [Member] Pass [Member]	Sep. 30, 2011 Construction, Custom [Member] Special Mention [Member]	Sep. 30, 2011 Construction, Custom [Member] Substandard [Member]	Sep. 30, 2011 Construction, Custom [Member] Doubtful [Member]	Sep. 30, 2011 Construction, Custom [Member] Loss [Member]	Mar. 31, 2012 Land, Acquisition and Development [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member] Pass [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member] Special Mention [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member] Substandard [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member] Doubtful [Member]	Sep. 30, 2011 Land, Acquisition and Development [Member] Loss [Member]	Mar. 31, 2012 Land, Consumer Lot Loans [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member] Pass [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member] Special Mention [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member] Substandard [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member] Doubtful [Member]	Sep. 30, 2011 Land, Consumer Lot Loans [Member] Loss [Member]	Mar. 31, 2012 Multi Family Housing [Member]	Sep. 30, 2011 Multi Family Housing [Member]	Sep. 30, 2011 Multi Family Housing [Member] Pass [Member]	Sep. 30, 2011 Multi Family Housing [Member] Special Mention [Member]	Sep. 30, 2011 Multi Family Housing [Member] Substandard [Member]	Sep. 30, 2011 Multi Family Housing [Member] Doubtful [Member]	Sep. 30, 2011 Multi Family Housing [Member] Loss [Member]	Mar. 31, 2012 Commercial Real Estate Portfolio Segment [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member] Pass [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member] Special Mention [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member] Substandard [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member] Doubtful [Member]	Sep. 30, 2011 Commercial Real Estate Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Commercial and Industrial Loans [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member] Pass [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member] Special Mention [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member] Substandard [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member] Doubtful [Member]	Sep. 30, 2011 Commercial and Industrial Loans [Member] Loss [Member]	Mar. 31, 2012 Home Equity Line of Credit [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member] Pass [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member] Special Mention [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member] Substandard [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member] Doubtful [Member]	Sep. 30, 2011 Home Equity Line of Credit [Member] Loss [Member]	Mar. 31, 2012 Consumer Portfolio Segment [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member] Pass [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member] Special Mention [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member] Substandard [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member] Doubtful [Member]	Sep. 30, 2011 Consumer Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Residential Portfolio Segment [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Construction, Speculative [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Construction, Custom [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Land, Acquisition and Development [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Multi Family Housing [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Home Equity Line of Credit [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Loss [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Pass [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Special Mention [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Substandard [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Doubtful [Member]	Mar. 31, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Loss [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Pass [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Special Mention [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Substandard [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Doubtful [Member]	Mar. 31, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,031,138	$ 8,299,074	$ 7,539,322	$ 7,804,613	$ 51,760	$ 76,285	$ 437,620	$ 415,550	$ 1,900	$ 2,245	$ 536	$ 381	$ 286,248	$ 399,295	$ 5,973,633	$ 6,218,878	$ 6,047,279	$ 0	$ 171,599	$ 0	$ 0	$ 128,858	$ 140,459	$ 56,485	$ 21,035	$ 62,939	$ 0	$ 0	$ 235,566	$ 279,851	$ 279,851	$ 0	$ 0	$ 0	$ 0	$ 156,457	$ 200,692	$ 44,888	$ 44,840	$ 110,964	$ 0	$ 0	$ 149,967	$ 163,146	$ 162,670	$ 0	$ 476	$ 0	$ 0	$ 687,696	$ 700,673	$ 663,582	$ 4,629	$ 32,462	$ 0	$ 0	$ 394,488	$ 303,442	$ 264,083	$ 4,125	$ 35,234	$ 0	$ 0	$ 102,684	$ 109,332	$ 104,171	$ 1,128	$ 1,407	$ 2,245	$ 381	$ 130,583	$ 115,092	$ 115,092	$ 0	$ 0	$ 0	$ 0	$ 71,206	$ 67,509	$ 66,512	$ 528	$ 469	$ 0	$ 0	$ 7,896,828	$ 8,299,074	$ 7,462,755	$ 39,727	$ 393,926	$ 0	$ 420	$ 5,971,540	$ 6,218,878	$ 5,792,611	$ 300	$ 178,629	$ 0	$ 0	$ 128,719	$ 140,459	$ 69,948	$ 8,885	$ 49,886	$ 0	$ 0	$ 235,566	$ 279,851	$ 235,566	$ 0	$ 0	$ 0	$ 0	$ 151,967	$ 200,692	$ 33,225	$ 19,801	$ 98,941	$ 0	$ 0	$ 149,967	$ 163,146	$ 149,243	$ 259	$ 465	$ 0	$ 0	$ 686,467	$ 700,673	$ 651,722	$ 6,735	$ 28,010	$ 0	$ 0	$ 293,234	$ 303,442	$ 255,328	$ 2,633	$ 35,273	$ 0	$ 0	$ 94,919	$ 109,332	$ 91,621	$ 586	$ 2,292	$ 0	$ 420	$ 113,368	$ 115,092	$ 113,368	$ 0	$ 0	$ 0	$ 0	$ 71,081	$ 67,509	$ 70,123	$ 528	$ 430	$ 0	$ 0	$ 134,310	$ 76,567	$ 12,033	$ 43,694	$ 1,900	$ 116	$ 2,093	$ 0	$ 0	$ 2,093	$ 0	$ 0	$ 4,629	$ 2,567	$ 0	$ 2,062	$ 0	$ 0	$ 1,229	$ 68	$ 0	$ 1,161	$ 0	$ 0	$ 101,254	$ 52,922	$ 11,040	$ 36,189	$ 987	$ 116	$ 7,765	$ 4,164	$ 993	$ 2,189	$ 419	$ 0	$ 17,340	$ 16,846	$ 0	$ 0	$ 494	$ 0
Grade as percentage of total gross loans			94.50%	94.10%	0.60%	0.90%	4.90%	5.00%	0.00%	0.00%	0.00%	0.00%	2.11%	2.98%

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Summary of Significant Accounting Policies

6 Months Ended

Mar. 31, 2012

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

The consolidated unaudited interim financial statements included in this report have been prepared by Washington Federal, Inc. (“Company”). 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, 2011 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 Company’s 2011 Annual Report on Form 10-K (“2011 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

Loans receivable – When a borrower defaults on a loan, the Company attempts to cure the deficiency by working with the borrower. In most cases, deficiencies are cured promptly, sometimes as a result of a negotiated modification of terms. If the delinquency is not promptly cured, and negotiations do not lead to a modification of terms, the Company may institute appropriate legal action to collect the loan, which may include foreclose of collateral. If foreclosed, the collateral will be liquidated in a reasonable time frame at prices available in the market place.

The Company will consider modifying the interest rates and terms of a loan if it determines that a modification is a better alternative to foreclosure.

Loans are placed on nonaccrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. The Company does not accrue interest on loans 90 days past due or more. If payment is made on a loan so that the loan becomes less than 90 days past due, and the Company expects full collection of principal and interest, the loan is returned to full accrual status. Any interest ultimately collected is credited to income in the period of recovery. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations.

The Company maintains an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the probable and estimable losses inherent in the loan portfolio. The Company’s methodology for assessing the appropriateness of the allowance consists of two components, which include the general allowance and specific allowances.

The general loan loss allowance is established by applying a loss percentage factor to the different loan types. Management believes loan types are the most relevant factor to group loans for the allowance calculation as the risk characteristics in these groups are similar. The loss percentage factor is made up of 2 parts – the historical loss factor (“HLF”) and the qualitative loss factor (“QLF”). The HLF takes into account historical charge-offs, while the QLF is determined by loan type and allows management to augment reserve levels to reflect the current environment and portfolio performance trends including recent charge-off trends. The allowances are provided based on Management’s continuing evaluation of the pertinent factors underlying the quality of the loan portfolio, including changes in the size and composition of the loan portfolio, actual loan loss experience, current economic conditions, collateral values, geographic concentrations, seasoning of the loan portfolio, specific industry conditions, and the duration of the current business cycle. The recovery of the carrying value of loans is susceptible to future market conditions beyond the Company’s control, which may result in losses or recoveries differing from those provided.

Specific allowances are established for loans which are individually evaluated, in cases where Management has identified significant conditions or circumstances related to a loan that Management believes indicate the probability that a loss has been incurred.

Impaired loans consist of loans receivable that are not expected to have their principal and interest repaid in accordance with their contractual terms. Collateral dependent impaired loans are measured using the fair value of the collateral, less selling costs. Non-collateral dependent loans are measured at the present value of expected future cash flows.

The Company receives fees for originating loans in addition to various fees and charges related to existing loans, which may include prepayment charges, late charges and assumption fees. Deferred loan fees and costs are recognized over the life of the loans using the effective interest method.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposure is loans in process (“LIP”), which had a balance at March 31, 2012, excluding covered loans, of $133,379,000. The Company estimates losses on LIP by including LIP with the related principal balance outstanding and then applying its general reserve methodology to the gross amount.

Certain reclassifications have been made to the financial statements to conform prior periods to current classifications.

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Allowance for Losses on Loans (Credit Risk Profile Based on Payment Activity) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011	Mar. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,031,138	$ 8,299,074
Nonaccrual loans by portfolio segment	166,153	210,465	221,736
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,539,322	7,804,613
Grade as percentage of total gross loans	94.50%	94.10%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	51,760	76,285
Grade as percentage of total gross loans	0.60%	0.90%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	437,620	415,550
Grade as percentage of total gross loans	4.90%	5.00%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,900	2,245
Grade as percentage of total gross loans	0.00%	0.00%
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,730,675	8,088,609
Grade as percentage of total gross loans	97.90%	97.50%
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	286,248		399,295
Grade as percentage of total gross loans	2.11%		2.98%
Nonaccrual loans by portfolio segment	166,153	210,465
Grade as a percetage of total gross loans	2.10%	2.50%
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,973,633	6,218,878
Nonaccrual loans by portfolio segment	116,284	126,624
Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		6,047,279
Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		171,599
Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Residential Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,855,256	6,092,254
Grade as percentage of total gross loans	98.10%	98.00%
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	116,284	126,624
Grade as a percetage of total gross loans	1.90%	2.00%
Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	128,858	140,459
Nonaccrual loans by portfolio segment	8,190	15,383
Construction, Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		56,485
Construction, Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		21,035
Construction, Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		62,939
Construction, Speculative [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Construction, Speculative [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	120,529	125,076
Grade as percentage of total gross loans	93.60%	89.00%
Construction, Speculative [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	8,190	15,383
Grade as a percetage of total gross loans	6.40%	11.00%
Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	235,566	279,851
Nonaccrual loans by portfolio segment	539	635
Construction, Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		279,851
Construction, Custom [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Construction, Custom [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Construction, Custom [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Construction, Custom [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	235,027	279,216
Grade as percentage of total gross loans	99.80%	99.80%
Construction, Custom [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	539	635
Grade as a percetage of total gross loans	0.20%	0.20%
Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	156,457	200,692
Nonaccrual loans by portfolio segment	25,036	37,339
Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		44,888
Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		44,840
Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		110,964
Land, Acquisition and Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Land, Acquisition and Development [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	126,931	163,353
Grade as percentage of total gross loans	83.50%	81.40%
Land, Acquisition and Development [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	25,036	37,339
Grade as a percetage of total gross loans	16.50%	18.60%
Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	149,967	163,146
Nonaccrual loans by portfolio segment	5,641	8,843
Land, Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		162,670
Land, Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Land, Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		476
Land, Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Land, Consumer Lot Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	144,326	154,303
Grade as percentage of total gross loans	96.20%	94.60%
Land, Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	5,641	8,843
Grade as a percetage of total gross loans	3.80%	5.40%
Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	687,696	700,673
Nonaccrual loans by portfolio segment	4,530	7,664
Multi Family Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		663,582
Multi Family Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		4,629
Multi Family Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		32,462
Multi Family Housing [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Multi Family Housing [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	681,937	693,009
Grade as percentage of total gross loans	99.30%	98.90%
Multi Family Housing [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	4,530	7,664
Grade as a percetage of total gross loans	0.70%	1.10%
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	394,488	303,442
Nonaccrual loans by portfolio segment	4,997	11,380
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		264,083
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		4,125
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		35,234
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	288,237	292,062
Grade as percentage of total gross loans	98.30%	96.20%
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	4,997	11,380
Grade as a percetage of total gross loans	1.70%	3.80%
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	102,684	109,332
Nonaccrual loans by portfolio segment	1	1,679
Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		104,171
Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		1,128
Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		1,407
Commercial and Industrial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		2,245
Commercial and Industrial Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	94,918	107,653
Grade as percentage of total gross loans	100.00%	98.50%
Commercial and Industrial Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	1	1,679
Grade as a percetage of total gross loans	0.00%	1.50%
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	130,583	115,092
Nonaccrual loans by portfolio segment	591	481
Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		115,092
Home Equity Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Home Equity Line of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Home Equity Line of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Home Equity Line of Credit [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	112,777	114,611
Grade as percentage of total gross loans	99.50%	99.60%
Home Equity Line of Credit [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	591	481
Grade as a percetage of total gross loans	0.50%	0.40%
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	71,206	67,509
Nonaccrual loans by portfolio segment	344	437
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		66,512
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		528
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		469
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		0
Consumer Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	70,737	67,072
Grade as percentage of total gross loans	99.50%	99.40%
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 344	$ 437
Grade as a percetage of total gross loans	0.50%	0.60%

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Covered Assets (Aging Analysis of Non-Credit Impaired Loans) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans		$ 495,358
Acquired Non Impaired Assets [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	254,137	292,421
Loans and Leases Receivable, Covered Loans, Current	243,228	273,600
Loans and Leases Receivable, Covered Loans, 30 Days	2,782	7,432
Loans and Leases Receivable, Covered Loans, 60 Days	518	1,132
Loans and Leases Receivable, Covered Assets, 90 Days	7,609	10,257
Loans and Leases Receivable, Covered Assets, Past Due	10,909	18,821
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	4.29%	6.44%
Acquired Non Impaired Assets [Member] | Single Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	40,784	46,214
Loans and Leases Receivable, Covered Loans, Current	38,794	43,445
Loans and Leases Receivable, Covered Loans, 30 Days	0	1,034
Loans and Leases Receivable, Covered Loans, 60 Days	0	30
Loans and Leases Receivable, Covered Assets, 90 Days	1,990	1,705
Loans and Leases Receivable, Covered Assets, Past Due	1,990	2,769
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	4.88%	5.99%
Acquired Non Impaired Assets [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	734	1,315
Loans and Leases Receivable, Covered Loans, Current	734	1,315
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	0	0
Loans and Leases Receivable, Covered Assets, Past Due	0	0
Acquired Non Impaired Assets [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	0	0
Loans and Leases Receivable, Covered Loans, Current	0	0
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	0	0
Loans and Leases Receivable, Covered Assets, Past Due	0	0
Acquired Non Impaired Assets [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	14,061	15,058
Loans and Leases Receivable, Covered Loans, Current	13,077	13,344
Loans and Leases Receivable, Covered Loans, 30 Days	0	487
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	984	1,227
Loans and Leases Receivable, Covered Assets, Past Due	984	1,714
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	7.00%	11.38%
Acquired Non Impaired Assets [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	507	654
Loans and Leases Receivable, Covered Loans, Current	276	527
Loans and Leases Receivable, Covered Loans, 30 Days	133	16
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	98	111
Loans and Leases Receivable, Covered Assets, Past Due	231	127
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	45.56%	19.42%
Acquired Non Impaired Assets [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	32,588	34,906
Loans and Leases Receivable, Covered Loans, Current	31,080	33,398
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	1,508	1,508
Loans and Leases Receivable, Covered Assets, Past Due	1,508	1,508
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	4.63%	4.32%
Acquired Non Impaired Assets [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	129,198	148,464
Loans and Leases Receivable, Covered Loans, Current	124,777	142,060
Loans and Leases Receivable, Covered Loans, 30 Days	1,742	1,527
Loans and Leases Receivable, Covered Loans, 60 Days	79	0
Loans and Leases Receivable, Covered Assets, 90 Days	2,600	4,877
Loans and Leases Receivable, Covered Assets, Past Due	4,421	6,404
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	3.42%	4.31%
Acquired Non Impaired Assets [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	15,541	22,881
Loans and Leases Receivable, Covered Loans, Current	15,016	18,049
Loans and Leases Receivable, Covered Loans, 30 Days	0	3,606
Loans and Leases Receivable, Covered Loans, 60 Days	434	703
Loans and Leases Receivable, Covered Assets, 90 Days	91	523
Loans and Leases Receivable, Covered Assets, Past Due	525	4,832
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	3.38%	21.12%
Acquired Non Impaired Assets [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	19,705	21,730
Loans and Leases Receivable, Covered Loans, Current	18,456	20,339
Loans and Leases Receivable, Covered Loans, 30 Days	906	731
Loans and Leases Receivable, Covered Loans, 60 Days	5	391
Loans and Leases Receivable, Covered Assets, 90 Days	338	269
Loans and Leases Receivable, Covered Assets, Past Due	1,249	1,391
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	6.34%	6.40%
Acquired Non Impaired Assets [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	1,019	1,199
Loans and Leases Receivable, Covered Loans, Current	1,018	1,123
Loans and Leases Receivable, Covered Loans, 30 Days	1	31
Loans and Leases Receivable, Covered Loans, 60 Days	0	8
Loans and Leases Receivable, Covered Assets, 90 Days	0	37
Loans and Leases Receivable, Covered Assets, Past Due	$ 1	$ 76
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	0.10%	6.34%

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
ASSETS
Cash and cash equivalents	$ 890,347	$ 816,002
Available-for-sale securities, including encumbered securities of $1,001,116 and $965,927, at fair value	3,687,625	3,255,144
Held-to-maturity securities, including encumbered securities of $37,912 and $45,086, at amortized cost	38,707	47,036
Loans receivable, net	7,676,017	7,935,877
Covered loans, net	321,634	382,183
Interest receivable	54,119	52,332
Premises and equipment, net	174,580	166,593
Real estate held for sale	120,095	159,829
Covered real estate held for sale	35,809	56,383
FDIC indemnification asset	100,875	101,634
FHLB stock	151,747	151,755
Intangible assets, net	257,250	256,271
Federal and state income taxes	4,406	0
Other assets	50,897	59,710
Assets	13,564,108	13,440,749
Customer accounts
Transaction deposit accounts	2,864,624	2,662,188
Time deposit accounts	5,933,816	6,003,715
Savings and Demand Accounts and Repurchase Agreements with Customers	8,798,440	8,665,903
FHLB advances	1,960,041	1,962,066
Other borrowings	800,000	800,000
Advance payments by borrowers for taxes and insurance	29,415	39,548
Federal and State income taxes	0	1,535
Accrued expenses and other liabilities	68,155	65,164
Liabilities	11,656,051	11,534,216
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized;129,919,851 and 129,853,534 shares issued; 106,867,527 and 108,976,410 shares outstanding	129,920	129,854
Paid-in capital	1,584,803	1,582,843
Accumulated other comprehensive income, net of taxes	65,183	85,789
Treasury stock, at cost; 23,052,324 and 20,877,124 shares	(298,972)	(268,665)
Retained earnings	427,123	376,712
Stockholders' Equity Attributable to Parent	1,908,057	1,906,533
Liabilities and Equity	$ 13,564,108	$ 13,440,749

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011
Net unrealized loss on available-for-sale securities, tax	$ 11,047	$ 9,055	$ 11,973	$ 18,652

XML

Fair Value Measurements (Fair Value by Balance Sheet Grouping) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Covered loans, net		$ 495,358
FHLB stock	151,747	151,755
Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	890,347	816,002
Available-for-sale Securities, Fair Value Disclosure	3,687,625	3,255,144
Held-to-maturity Securities, Fair Value Disclosure	41,790	50,616
Loans Receivable, Fair Value Disclosure	8,342,403	8,479,307
Covered loans, net	315,179	375,027
FDIC indemnification asset	98,495	101,751
FHLB stock	151,747	151,755
Deposits, Fair Value Disclosure	8,513,457	8,557,357
Federal Home Loan Bank Advances, Long Term and Other Borrowings, Fair Value Disclosure	3,113,854	3,038,127
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	890,347	816,002
Available-for-sale Securities, Fair Value Disclosure	3,687,625	3,255,144
Held-to-maturity Securities, Fair Value Disclosure	38,707	47,036
Loans Receivable, Fair Value Disclosure	7,717,088	7,935,877
Covered loans, net	321,634	382,183
FDIC indemnification asset	100,875	98,871
FHLB stock	151,747	151,755
Deposits, Fair Value Disclosure	8,798,440	8,665,903
Federal Home Loan Bank Advances, Long Term and Other Borrowings, Fair Value Disclosure	2,760,041	2,762,066
Equity Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
Equity Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
US Treasury and Government [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	14,142	190,527
US Treasury and Government [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	14,142	190,527
US States and Political Subdivisions Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	23,500	23,568
US States and Political Subdivisions Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	23,500	23,568
Foreign Government Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
Foreign Government Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
Corporate Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	277,586	29,959
Corporate Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	277,586	29,959
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	3,372,397	3,011,090
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	3,372,397	3,011,090
Other Debt Obligations [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
Other Debt Obligations [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale Securities, Fair Value Disclosure	0	0
Equity Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Equity Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
US Treasury and Government [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
US Treasury and Government [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
US States and Political Subdivisions Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	823	2,023
US States and Political Subdivisions Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	795	1,950
Foreign Government Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Foreign Government Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Corporate Debt Securities [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Corporate Debt Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	40,967	48,593
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	37,912	45,086
Other Debt Obligations [Member] | Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	0	0
Other Debt Obligations [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Fair Value Disclosure	$ 0	$ 0

XML

Acquisitions (Narrative) (Details) (USD $)	Mar. 31, 2012	Sep. 30, 2011	Dec. 16, 2011 Western National Bank [Member] branches	Dec. 31, 2011 South Valley Bank [Member] Offices WesternStates	Apr. 04, 2012 Business Combination [Member] South Valley Bank [Member]
Business Acquisition [Line Items]
Acquisition from FDIC, deposits assumed			$ 53,000,000
Number of branches acquired (in branches)			3
Assets acquired			177,000,000
Loans acquired			143,000,000
Foreclosed real estate acquired			7,000,000
Liabilities assumed			153,000,000
Deposits acquired			136,000,000
Cash received from the FDIC			30,000,000
Number of shares of common stock for each share of acquireee's common stock					0.2962
Common stock consideration from Washington Federal					33,700,000
Maximum contingent cash earn-out payments					39,000,000
Assumed price of common stock					$ 16.88
Number of total offices after merger				190
Number of states in which entity operates after merger				8
Total assets after merger	13,564,108,000	13,440,749,000		14,400,000,000
Total deposits after merger				$ 9,600,000,000

XML

Fair Value Measurements (Reconciliation Of Amortized Cost of Fair Value of Investments) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Sep. 30, 2011
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	$ 3,584,569		$ 3,119,510
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Available-for-sale Securities, Gross Unrealized Gains	108,486		135,959
Available-for-sale Securities, Gross Unrealized Losses	(5,430)		(325)
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Securities	3,687,625		3,255,144
Investment Yield [Abstract]
Available-for-sale Securities, Yield	4.31%		4.62%
Held-to-maturity Securities, Yield	5.32%		5.33%
Yield	4.32%		4.63%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount	38,707		47,036
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Held-to-maturity Securities, Unrecognized Holding Gain	3,083		3,580
Held to Maturity, Gross Unrecognized Losses [Abstract]
Held-to-maturity Securities, Unrecognized Holding Loss	0		0
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Held-to-maturity Securities, Debt Maturities, Fair Value	41,790		50,616
Investments	3,623,276		3,166,546
Gross Unrealized Gains on Investments	111,569		139,539
Gross Unrealized Losses on Investments	(5,430)		(325)
Investments, Fair Value Disclosure	3,729,415		3,305,760
Available-for-sale securities sold	3,500	131,361
US Treasury and Government [Member]
Investment Yield [Abstract]
Yield, After One Through Five Years	0.00%		0.00%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount	0		0
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Unrecognized Gains, After One Through Five Years	0		0
Held to Maturity, Gross Unrecognized Losses [Abstract]
Unrecognized Holding Losses, After One Year Through Five Years	0		0
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Fair Value	0		0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investment Yield [Abstract]
Yield, Without Single Maturity	5.31%		5.31%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	37,912		45,086
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Gross Unrecognized Gains Without Single Maturity	3,055		3,507
Held to Maturity, Gross Unrecognized Losses [Abstract]
Gross Unrecognized Losses Without Single Maturity	0		0
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	40,967		48,593
Municipal Bonds [Member]
Investment Yield [Abstract]
Yield, After One Through Five Years	0.00%		6.52%
Yield, After Five Through Ten Years	5.65%		5.60%
Yield, After Ten Years	0.00%		0.00%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount	0		405
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount	795		1,545
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount	0		0
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Unrecognized Gains, After One Through Five Years	0		5
Unrecognized Holding Gains, After Five Years Through Ten Years	28		68
Gross Unrecognized Gains, After Ten Years	0		0
Held to Maturity, Gross Unrecognized Losses [Abstract]
Unrecognized Holding Losses, After One Year Through Five Years	0		0
Unrecognized Holding Losses, After Five Through Ten Years	0		0
Gross Unrecognized Losses, After Ten Years	0		0
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract]
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Fair Value	0		410
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Fair Value	823		1,613
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value	0		0
Municipal Bonds [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	20,451		20,461
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains, After Ten Years	3,049		3,107
Gross Unrealized Losses, Over Ten Years	0		0
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	23,500		23,568
Investment Yield [Abstract]
Yield, After Ten Years	6.45%		6.45%
US Treasury and Government [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, within One Year, Amortized Cost Basis	500		500
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	0		0
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis	9,300		9,300
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	0		175,515
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains, Within One Year	32		34
Gross Unrealized Gains After One Through Five Years	0		0
Gross Unrealized Gains, Five Through Ten Years	4,310		4,547
Gross Unrealized Gains, After Ten Years	0		631
Gross Unrealized Losses, Within One Year	0		0
Gross Unrealized Losses, After One Through Five Years	0		0
Gross Unrealized Losses, After Five Years Through Ten Years	0		0
Gross Unrealized Losses, Over Ten Years	0		0
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value	532		534
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	0		0
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	13,610		13,847
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	0		176,146
Investment Yield [Abstract]
Yield, Within One Year	4.00%		4.00%
Yield, After One Through Five Years	0.00%		0.00%
Yield, After Five Through Ten Years	10.38%		10.38%
Yield, After Ten Years	0.00%		2.57%
Corporate Debt Securities [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	250,000
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis	30,000		30,000
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains After One Through Five Years	0
Gross Unrealized Gains, Five Through Ten Years	234		284
Gross Unrealized Losses, After One Through Five Years	(1,448)
Gross Unrealized Losses, After Five Years Through Ten Years	(1,200)		(325)
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	248,552
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	29,034		29,959
Investment Yield [Abstract]
Yield, After One Through Five Years	0.89%
Yield, After Five Through Ten Years	4.00%		4.00%
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	3,274,318		2,883,734
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains Without Single Maturity	100,861		127,356
Gross Unrealized Losses Without Single Maturity	(2,782)		0
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	$ 3,372,397		$ 3,011,090
Investment Yield [Abstract]
Yield, Without Single Maturity	4.54%		4.72%

XML

Loans Receivable (excluding Covered Loans) (Details) (USD $)	6 Months Ended	12 Months Ended
	Mar. 31, 2012	Sep. 30, 2011	Dec. 31, 2011	Sep. 30, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 8,031,138,000	$ 8,299,074,000
Ratio of type of loan to total loans receivable	100.00%	100.00%
Allowance for probable losses	143,819,000	157,160,000	154,540,000	163,094,000
Loans in process	133,379,000	170,229,000
Discount on acquired loans	43,687,000	0
Deferred net origination fees	34,236,000	35,808,000
Charges against loans receivable	355,121,000	363,197,000
Loans receivable, net	7,676,017,000	7,935,877,000
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,973,633,000	6,218,878,000
Ratio of type of loan to total loans receivable	74.40%	74.70%
Allowance for probable losses	83,875,000	83,307,000	84,793,000	47,160,000
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	128,858,000	140,459,000
Ratio of type of loan to total loans receivable	1.60%	1.90%
Allowance for probable losses	15,943,000	13,828,000	14,640,000	26,346,000
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	235,566,000	279,851,000
Ratio of type of loan to total loans receivable	2.90%	2.90%
Allowance for probable losses	384,000	623,000	457,000	770,000
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	156,457,000	200,692,000
Ratio of type of loan to total loans receivable	2.00%	3.50%
Allowance for probable losses	19,929,000	32,719,000	29,089,000	61,637,000
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	149,967,000	163,146,000
Ratio of type of loan to total loans receivable	1.90%	2.10%
Allowance for probable losses	7,712,000	5,520,000	8,283,000	4,793,000
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	687,696,000	700,673,000
Ratio of type of loan to total loans receivable	8.50%	7.90%
Allowance for probable losses	4,837,000	7,623,000	6,543,000	5,050,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	394,488,000	303,442,000
Ratio of type of loan to total loans receivable	4.90%	3.60%
Allowance for probable losses	2,869,000	4,331,000	2,739,000	3,165,000
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	102,684,000	109,332,000
Ratio of type of loan to total loans receivable	1.30%	1.00%
Allowance for probable losses	4,427,000	5,099,000	4,421,000	6,193,000
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	130,583,000	115,092,000
Ratio of type of loan to total loans receivable	1.60%	1.30%
Allowance for probable losses	969,000	1,139,000	972,000	586,000
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	71,206,000	67,509,000
Ratio of type of loan to total loans receivable	0.90%	1.10%
Allowance for probable losses	2,874,000	2,971,000	2,603,000	7,394,000
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,896,828,000	8,299,074,000
Ratio of type of loan to total loans receivable	98.40%	100.00%
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,971,540,000	6,218,878,000
Ratio of type of loan to total loans receivable	74.40%	74.70%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	128,719,000	140,459,000
Ratio of type of loan to total loans receivable	1.60%	1.90%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	235,566,000	279,851,000
Ratio of type of loan to total loans receivable	2.90%	2.90%
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	151,967,000	200,692,000
Ratio of type of loan to total loans receivable	1.90%	3.50%
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	149,967,000	163,146,000
Ratio of type of loan to total loans receivable	1.90%	2.10%
Non-Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	686,467,000	700,673,000
Ratio of type of loan to total loans receivable	8.50%	7.90%
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	293,234,000	303,442,000
Ratio of type of loan to total loans receivable	3.70%	3.60%
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	94,919,000	109,332,000
Ratio of type of loan to total loans receivable	1.20%	1.00%
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	113,368,000	115,092,000
Ratio of type of loan to total loans receivable	1.40%	1.30%
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	71,081,000	67,509,000
Ratio of type of loan to total loans receivable	0.90%	1.10%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	134,310,000	0
Ratio of type of loan to total loans receivable	1.60%	0.00%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,093,000	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	139,000	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	4,490,000	0
Ratio of type of loan to total loans receivable	0.10%	0.00%
Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,229,000	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	101,254,000	0
Ratio of type of loan to total loans receivable	1.20%	0.00%
Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,765,000	0
Ratio of type of loan to total loans receivable	0.10%	0.00%
Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	17,215,000	0
Ratio of type of loan to total loans receivable	0.20%	0.00%
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 125,000	$ 0
Ratio of type of loan to total loans receivable	0.00%	0.00%

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 67,489	$ 50,354
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	20,703	15,792
Cash received from (paid to) FDIC under loss share	(4,068)	20,977
Depreciation	3,750	3,300
Stock option compensation expense	600	540
Provision for loan losses	29,209	56,750
Loss (gain) on real estate held for sale, net	(1,285)	12,051
Increase in accrued interest receivable	(1,536)	(2,835)
Increase in FDIC loss share receivable	(2,052)	(1,183)
Increase in income taxes payable	6,031	18,072
FHLB stock dividends	244	(4)
Increase in intangible assets	(1,061)	0
Decrease in other assets	9,649	15,213
Increase (decrease) in accrued expenses and other liabilities	1,956	(21,126)
Net cash provided by operating activities	129,629	167,901
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	342,513	361,916
FHLB stock redemptions	1,512	0
Available-for-sale securities purchased	(1,241,126)	(967,176)
Principal payments and maturities of available-for-sale securities	758,676	358,297
Available-for-sale securities sold	3,500	131,361
Principal payments and maturities of held-to-maturity securities	8,394	28,146
Net cash received from acquisition	50,451	0
Proceeds from sales of real estate held for sale	90,017	44,639
Proceeds from sales of covered REO	22,959	0
Premises and equipment purchased	(11,737)	(5,462)
Net cash provided (used) by investing activities	25,159	(48,279)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(3,253)	(62,268)
Net decrease in borrowings	(19,700)	(2,007)
Proceeds from exercise of common stock options	28	783
Dividends paid on common stock	(17,078)	(13,520)
Treasury stock purchased, net	(30,307)	(10,604)
Decrease in advance payments by borrowers for taxes and insurance	(10,133)	(8,667)
Net cash used by financing activities	(80,443)	(96,283)
Increase in cash and cash equivalents	74,345	23,339
Cash and cash equivalents at beginning of period	816,002	888,622
Cash and cash equivalents at end of period	890,347	911,961
Non-cash investing activities
Non-covered real estate acquired through foreclosure	73,466	53,398
Covered real estate acquired through foreclosure	6,304	33,075
Cash paid during the period for
Interest	103,170	119,479
Income taxes	31,947	10,252
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	124,726	0
Fair value of liabilities assumed	(154,500)	0
Net fair value of liabilities assumed	$ (29,774)	$ 0

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
Available-for-sales securities, encumbered securities	$ 1,001,116	$ 965,927
Held-to-maturity securities, encumbered securities	$ 37,912	$ 45,086
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	129,919,851	129,853,534
Common stock, shares outstanding (in shares)	106,867,527	108,976,410
Treasury stock, shares (in shares)	23,052,324	20,877,124

XML

Loans Receivable (excluding Covered Loans) (Tables)

6 Months Ended

Mar. 31, 2012

Loans Receivable [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	March 31, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,971,540	74.4	%	$	6,218,878	74.7	%
Construction - speculative	128,719		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	151,967		1.9		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	686,467		8.5		700,673		7.9
Commercial real estate	293,234		3.7		303,442		3.6
Commercial & industrial	94,919		1.2		109,332		1.0
HELOC	113,368		1.4		115,092		1.3
Consumer	71,081		0.9		67,509		1.1
Total non-acquired loans	7,896,828		98.4		8,299,074		100
Credit-impaired acquired loans
Single-family residential	2,093		—		—		—
Construction - speculative	139		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,490		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,229		—		—		—
Commercial real estate	101,254		1.2		—		—
Commercial & industrial	7,765		0.1		—		—
HELOC	17,215		0.2		—		—
Consumer	125		—		—		—
Total credit-impaired acquired loans	134,310		1.6		—		—
Total loans
Single-family residential	5,973,633		74.4		6,218,878		74.7
Construction - speculative	128,858		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	156,457		2.0		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	687,696		8.5		700,673		7.9
Commercial real estate	394,488		4.9		303,442		3.6
Commercial & industrial	102,684		1.3		109,332		1.0
HELOC	130,583		1.6		115,092		1.3
Consumer	71,206		0.9		67,509		1.1
Total loans	8,031,138		100	%	8,299,074		100	%
Less:
Allowance for probable losses	143,819				157,160
Loans in process	133,379				170,229
Discount on acquired loans	43,687				—
Deferred net origination fees	34,236				35,808
	355,121				363,197
	$	7,676,017			$	7,935,877

Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans

The following table presents the changes in the accretable yield for credit impaired acquired loans as of March 31, 2012:

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2011	$	—		$	—
Additions	21,606			92,981
Accretion	(1,790		)	1,790
Transfers to REO	—			—
Payments received, net	—			(4,148		)
Balance as of March 31, 2012	$	19,816		$	90,623

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:

	March 31, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	116,284	70.0	%	$	126,624	60.3	%
Construction - speculative	8,190		4.9		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	25,036		15.1		37,339		17.7
Land - consumer lot loans	5,641		3.4		8,843		4.2
Multi-family	4,530		2.7		7,664		3.6
Commercial real estate	4,997		3.0		11,380		5.4
Commercial & industrial	1		—		1,679		0.8
HELOC	591		0.4		481		0.2
Consumer	344		0.2		437		0.2
Total non-accrual loans	$	166,153	100	%	$	210,465	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 March 31, 2012 and September 30, 2011, respectively.

March 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,969,973	$	5,784,832	$	45,826	$	28,841	$	110,474	$	185,141	3.10	%
Construction - Speculative	102,654		97,455		—		1,635		3,564		5,199		5.06
Construction - Custom	145,406		144,845		—		22		539		561		0.39
Land - Acquisition & Development	146,228		125,100		—		5,452		15,676		21,128		14.45
Land - Consumer Lot Loans	149,966		142,155		966		1,204		5,641		7,811		5.21
Multi-Family	677,730		672,517		—		683		4,530		5,213		0.77
Commercial Real Estate	292,143		286,778		672		1,950		2,743		5,365		1.84
Commercial & Industrial	94,901		94,895		5		—		1		6		0.01
HELOC	113,368		112,657		60		60		591		711		0.63
Consumer	71,080		68,993		1,196		547		344		2,087		2.94
Total non-acquired loans	7,763,449		7,530,227		48,725		40,394		144,103		233,222		3.00
Credit-impaired acquired loans
Single-Family Residential	2,093		1,755		338		—		—		338		16.15
Construction - Speculative	139		139		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,490		3,937		—		—		553		553		12.32
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,229		1,090		139		—		—		139		11.31
Commercial Real Estate	101,254		87,036		4,285		3,375		6,558		14,218		14.04
Commercial & Industrial	7,765		6,907		488		55		315		858		11.05
HELOC	17,215		15,331		—		1,084		800		1,884		10.94
Consumer	125		89		36		—		—		36		28.80
Total credit-impaired acquired loans	134,310		116,284		5,286		4,514		8,226		18,026		13.42
Total loans	$	7,897,759	$	7,646,511	$	54,011	$	44,908	$	152,329	$	251,248	3.18

September 30, 2011	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Single-Family Residential	$	6,217,670	$	6,015,464	$	54,140	$	21,985	$	126,082	$	202,207	3.25	%
Construction - Speculative	115,409		106,843		330		—		8,236		8,566		7.42
Construction - Custom	147,764		147,129		—		—		635		635		0.43
Land - Acquisition & Development	193,613		159,357		679		—		33,577		34,256		17.69
Land - Consumer Lot Loans	163,146		151,849		1,163		1,291		8,843		11,297		6.92
Multi-Family	699,340		690,765		—		1,202		7,373		8,575		1.23
Commercial Real Estate	300,307		292,015		1,016		—		7,276		8,292		2.76
Commercial & Industrial	108,995		106,708		55		553		1,679		2,287		2.10
HELOC	115,092		114,059		452		100		481		1,033		0.90
Consumer	67,509		65,434		1,191		446		437		2,074		3.07
	$	8,128,845	$	7,849,623	$	59,026	$	25,577	$	194,619	$	279,222	3.43

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 March 31,
	2012					2011
		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	312	$	68,460	$	68,460	26	$	7,019	$	7,019
Construction - Speculative	12	4,049		4,049		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	4	1,823		1,823		—	—		—
Land - Consumer Lot Loans	14	2,116		2,116		3	498		498
Multi-Family	2	1,871		1,871		2	951		951
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	344	$	78,319	$	78,319	31	$	8,468	$	8,468

	Six Months Ended March 31,
	2012					2011
		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	491	$	121,145	$	121,145	165	$	46,488	$	46,488
Construction - Speculative	23	7,428		7,428		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	26	6,173		6,173		—	—		—
Land - Consumer Lot Loans	25	3,824		3,824		13	2,636		2,636
Multi-Family	2	1,871		1,871		6	8,182		8,182
Commercial Real Estate	1	308		308		—	—		—
Commercial & Industrial	1	4		4		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	569	$	140,753	$	140,753	184	$	57,306	$	57,306

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 March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	108	$	20,419	47	$	11,801
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	5	865		3	710
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	113	$	21,284	53	$	19,346

	Six Months Ended March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	125	$	24,783	87	$	19,763
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		1	4,505
Land - Consumer Lot Loans	7	1,312		4	831
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	132	$	26,095	95	$	31,934

XML

Document and Entity Information	6 Months Ended
	Mar. 31, 2012	May 04, 2012
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Trading Symbol	WAFD
Entity Registrant Name	WASHINGTON FEDERAL INC
Entity Central Index Key	0000936528
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		106,875,953

XML

Allowance for Losses on Loans (Tables)

6 Months Ended

Mar. 31, 2012

Financing Receivable, Recorded Investment [Line Items]

Summary of Activity in Allowance for Loan Losses

The following table summarizes the activity in the allowance for loan losses for the quarter ended March 31, 2012 and fiscal year ended September 30, 2011:

Quarter Ended March 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	84,793	$	(15,086	)	$	836	$	13,332		$	83,875
Construction - speculative	14,640		(980		)	—		2,283			15,943
Construction - custom	457		—			—		(73		)	384
Land - acquisition & development	29,089		(11,738		)	—		2,578			19,929
Land - consumer lot loans	8,283		(687		)	—		116			7,712
Multi-family	6,543		(106		)	9		(1,609		)	4,837
Commercial real estate	2,739		(151		)	6		275			2,869
Commercial & industrial	4,421		(111		)	53		64			4,427
HELOC	972		(76		)	—		73			969
Consumer	2,603		(1,053		)	363		961			2,874
	$	154,540	$	(29,988	)	$	1,267	$	18,000		$	143,819

Fiscal Year Ended September 30, 2011	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	47,160	$	(38,465	)	$	3,072	$	71,540		$	83,307
Construction - speculative	26,346		(13,197		)	2,143		(1,464		)	13,828
Construction - custom	770		(237		)	—		90			623
Land - acquisition & development	61,637		(39,797		)	2,271		8,608			32,719
Land - consumer lot loans	4,793		(4,196		)	—		4,923			5,520
Multi-family	5,050		(1,950		)	71		4,452			7,623
Commercial real estate	3,165		(1,593		)	328		2,431			4,331
Commercial & industrial	6,193		(4,733		)	1,925		1,714			5,099
HELOC	586		(939		)	185		1,307			1,139
Consumer	7,394		(4,602		)	1,429		(1,250		)	2,971
	$	163,094	$	(109,709	)	$	11,424	$	92,351		$	157,160

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 March 31, 2012 and September 30, 2011:

March 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	80,397	$	5,920,650	1.4	%	$	3,479	$	50,890	6.8	%
Construction - speculative	8,192		94,129		8.7		7,751		34,590		22.4
Construction - custom	384		235,566		0.2		—		—		—
Land - acquisition & development	6,339		44,765		14.2		13,589		107,202		12.7
Land - consumer lot loans	6,672		147,703		4.5		1,040		2,264		45.9
Multi-family	2,727		671,367		0.4		2,110		15,100		14.0
Commercial real estate	1,082		273,434		0.4		1,787		19,800		9.0
Commercial & industrial	4,403		93,376		4.7		24		1,543		1.6
HELOC	969		113,368		0.9		—		—		—
Consumer	2,874		71,080		4.0		—		—		—
	$	114,039	$	7,665,438	1.4		$	29,780	$	231,389	12.9

 ___________________

(1) Excludes acquired and covered loans

September 30, 2011	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,441	$	6,186,322	1.3	%	$	5,866	$	32,556	18.0	%
Construction - speculative	6,969		89,986		7.7		6,859		50,473		13.6
Construction - custom	623		279,851		0.2		—		—		—
Land - acquisition & development	10,489		61,277		17.1		22,230		139,415		15.9
Land - consumer lot loans	4,385		160,906		2.7		1,135		2,240		50.7
Multi-family	3,443		679,823		0.5		4,180		20,850		20.0
Commercial real estate	2,730		268,906		1.0		1,601		34,536		4.6
Commercial & industrial	5,058		106,406		4.8		41		2,926		1.4
HELOC	1,139		115,092		1.0		—		—		—
Consumer	2,971		67,509		4.4		—		—		—
	$	115,248	$	8,016,078	1.4		$	41,912	$	282,996	14.8

(1) Excludes covered loans

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	37,588		$	—		$	3,196		$	—		$	—		$	40,784
Construction - speculative	734			—			—			—			—			734
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	7,632			5,398			1,031			—			—			14,061
Land - consumer lot loans	507			—			—			—			—			507
Multi-family	29,828			—			2,760			—			—			32,588
Commercial real estate	99,296			1,115			28,787			—			—			129,198
Commercial & industrial	7,462			1,156			6,923			—			—			15,541
HELOC	19,705			—			—			—			—			19,705
Consumer	1,019			—			—			—			—			1,019
	203,771			7,669			42,697			—			—			254,137
Total grade as a % of total net loans	80.2		%	3.0		%	16.8		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	10,415			5,872			42,297			—			—			58,584
Pool 2 - Single-family residential	2,038			—			4,044			—			—			6,082
Pool 3 - Multi-family	—			3,043			—			—			—			3,043
Pool 4 - HELOC & other consumer	1,997			—			4,574			—			—			6,571
Pool 5 - Commercial real estate	411			30,259			41,912			—			—			72,582
Pool 6 - Commercial & industrial	4,983			1,556			15,109			—			—			21,648
	$	19,844		$	40,730		$	107,936		$	—		$	—		168,510
													Total covered loans			422,647
													Discount			(97,247		)
													Allowance			(3,766		)
													Covered loans, net			$	321,634

September 30, 2011	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	45,619		$	—		$	595		$	—		$	—		$	46,214
Construction - speculative	1,315			—			—			—			—			1,315
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	8,383			6,315			360			—			—			15,058
Land - consumer lot loans	543			—			111			—			—			654
Multi-family	32,448			—			2,458			—			—			34,906
Commercial real estate	118,124			1,361			28,979			—			—			148,464
Commercial & industrial	13,717			4,481			4,239			444			—			22,881
HELOC	21,730			—			—			—			—			21,730
Consumer	1,199			—			—			—			—			1,199
	243,078			12,157			36,742			444			—			292,421
Total grade as a % of total net loans	83.1		%	4.2		%	12.6		%	0.2		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,982			2,980			54,682			—			—			67,644
Pool 2 - Single-family residential	3,667			—			8,263			—			—			11,930
Pool 3 - Multi-family	—			—			3,324			—			—			3,324
Pool 4 - HELOC & other consumer	3,544			—			5,411			—			—			8,955
Pool 5 - Commercial real estate	418			30,579			48,069			—			—			79,066
Pool 6 - Commercial & industrial	2,859			2,725			25,662			772			—			32,018
	$	20,470		$	36,284		$	145,411		$	772		$	—		202,937
													Total covered loans			495,358
													Discount			(109,409		)
													Allowance			(3,766		)
													Covered loans, net			$	382,183

Sumary of Impaired Loans Based on Type

The following table provides information on impaired loans based on loan types as of March 31, 2012 and September 30, 2011:

								Average Recorded Investment
March 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	51,677	$	52,039	$	—		$	26,012	$	17,652
Construction - speculative	8,127		10,341		—			5,851		5,963
Construction - custom	—		—		—			—		—
Land - acquisition & development	27,521		59,792		—			31,846		32,913
Land - consumer lot loans	81		81		—			41		27
Multi-family	11,272		11,933		—			8,721		8,057
Commercial real estate	4,855		6,660		—			3,203		2,556
Commercial & industrial	201		201		—			103		68
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	103,810		141,123		—			75,815		67,261
With an allowance recorded:
Single-family residential	332,053		332,053		25,823			331,768		336,505
Construction - speculative	27,751		27,751		7,751			26,163		25,511
Construction - custom	—		—		—			—		—
Land - acquisition & development	30,521		31,397		13,590			30,921		31,138
Land - consumer lot loans	250		250		1,040			251		251
Multi-family	11,352		11,352		2,110			11,370		11,386
Commercial real estate	6,587		6,587		1,787			6,413		6,484
Commercial & industrial	24		24		24			29		33
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	408,538		409,414		52,125		(1)	406,915		411,308
Total:
Single-family residential	383,730		384,092		25,823			357,780		354,157
Construction - speculative	35,878		38,092		7,751			32,014		31,474
Construction - custom	—		—		—			—		—
Land - acquisition & development	58,042		91,189		13,590			62,767		64,051
Land - consumer lot loans	331		331		1,040			292		278
Multi-family	22,624		23,285		2,110			20,091		19,443
Commercial real estate	11,442		13,247		1,787			9,616		9,040
Commercial & industrial	225		$	225	24			132		101
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	$	512,348	$	550,537	$	52,125	(1)	$	482,730	$	478,569

____________________ 

(1)Includes $29,781,000 of specific reserves and $22,344,000 included in the general reserves.

September 30, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	5,597	$	9,575	$	—		$	5,935
Construction - speculative	8,286		11,026		—			7,374
Construction - custom	—		—		—			—
Land - acquisition & development	22,436		50,970		—			28,168
Land - consumer lot loans	—		—		—			—
Multi-family	3,233		4,508		—			4,058
Commercial real estate	3,462		3,963		—			2,141
Commercial & industrial	—		—		—			—
HELOC	—		—		—			—
Consumer	—		—		—			—
	43,014		80,042		—			47,676
With an allowance recorded:
Single-family residential	331,546		331,546		29,378			261,736
Construction - speculative	29,255		29,255		6,859			26,385
Construction - custom	—		—		—			—
Land - acquisition & development	49,036		49,912		22,230			41,006
Land - consumer lot loans	352		352		1,135			110
Multi-family	17,149		17,149		4,180			12,380
Commercial real estate	6,429		6,429		1,601			3,351
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	433,808		434,684		65,424		(1)	344,999
Total:
Single-family residential	337,143		341,121		29,378			267,671
Construction - speculative	37,541		40,281		6,859			33,759
Construction - custom	—		—		—			—
Land - acquisition & development	71,472		100,882		22,230			69,174
Land - consumer lot loans	352		352		1,135			110
Multi-family	20,382		21,657		4,180			16,438
Commercial real estate	9,891		10,392		1,601			5,492
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	$	476,822	$	514,726	$	65,424	(1)	$	392,675

(1) Includes $41,912,000 of specific reserves and $23,512,000 included in the general reserves.

Excludes Acquired and Covered Loans [Member]

Financing Receivable, Recorded Investment [Line Items]

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade (excludes covered loans):

March 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,792,611		$	300		$	178,629		$	—		$	—		$	5,971,540
Construction - speculative	69,948			8,885			49,886			—			—			128,719
Construction - custom	235,566			—			—			—			—			235,566
Land - acquisition & development	33,225			19,801			98,941			—			—			151,967
Land - consumer lot loans	149,243			259			465			—			—			149,967
Multi-family	651,722			6,735			28,010			—			—			686,467
Commercial real estate	255,328			2,633			35,273			—			—			293,234
Commercial & industrial	91,621			586			2,292			—			420			94,919
HELOC	113,368			—			—			—			—			113,368
Consumer	70,123			528			430			—			—			71,081
	7,462,755			39,727			393,926			—			420			7,896,828
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,567			—			2,062			—			—			4,629
Pool 2 - Single-family residential	—			—			2,093			—			—			2,093
Pool 3 - Multi-family	68			—			1,161			—			—			1,229
Pool 4 - HELOC & other consumer	16,846			—			—			494			—			17,340
Pool 5 - Commercial real estate	52,922			11,040			36,189			987			116			101,254
Pool 6 - Commercial & industrial	4,164			993			2,189			419			—			7,765
Total credit impaired acquired loans	76,567			12,033			43,694			1,900			116			134,310
Total gross loans	$	7,539,322		$	51,760		$	437,620		$	1,900		$	536		$	8,031,138
Total grade as a % of total gross loans	94.5		%	0.6		%	4.9		%	—		%	—		%

September 30, 2011	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Single-family residential	$	6,047,279		$	—		$	171,599		$	—		$	—		$	6,218,878
Construction - speculative	56,485			21,035			62,939			—			—			140,459
Construction - custom	279,851			—			—			—			—			279,851
Land - acquisition & development	44,888			44,840			110,964			—			—			200,692
Land - consumer lot loans	162,670			—			476			—			—			163,146
Multi-family	663,582			4,629			32,462			—			—			700,673
Commercial real estate	264,083			4,125			35,234			—			—			303,442
Commercial & industrial	104,171			1,128			1,407			2,245			381			109,332
HELOC	115,092			—			—			—			—			115,092
Consumer	66,512			528			469			—			—			67,509
	$	7,804,613		$	76,285		$	415,550		$	2,245		$	381		$	8,299,074
Total grade as a % of total gross loans	94.1		%	0.9		%	5.0		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

March 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,855,256	98.1	%	$	116,284	1.9	%
Construction - speculative	120,529		93.6		8,190		6.4
Construction - custom	235,027		99.8		539		0.2
Land - acquisition & development	126,931		83.5		25,036		16.5
Land - consumer lot loans	144,326		96.2		5,641		3.8
Multi-family	681,937		99.3		4,530		0.7
Commercial real estate	288,237		98.3		4,997		1.7
Commercial & industrial	94,918		100.0		1		—
HELOC	112,777		99.5		591		0.5
Consumer	70,737		99.5		344		0.5
	$	7,730,675	97.9		$	166,153	2.1

September 30, 2011	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	6,092,254	98.0	%	$	126,624	2.0	%
Construction - speculative	125,076		89.0		15,383		11.0
Construction - custom	279,216		99.8		635		0.2
Land - acquisition & development	163,353		81.4		37,339		18.6
Land - consumer lot loans	154,303		94.6		8,843		5.4
Multi-family	693,009		98.9		7,664		1.1
Commercial real estate	292,062		96.2		11,380		3.8
Commercial & industrial	107,653		98.5		1,679		1.5
HELOC	114,611		99.6		481		0.4
Consumer	67,072		99.4		437		0.6
	$	8,088,609	97.5	%	$	210,465	2.5	%

XML

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011
INTEREST INCOME
Loans	$ 123,772	$ 128,634	$ 251,251	$ 266,550
Mortgage-backed securities	28,682	26,163	54,978	49,857
Investment securities and cash equivalents	2,127	3,742	4,278	7,722
Interest and Dividend Income, Operating	154,581	158,539	310,507	324,129
INTEREST EXPENSE
Customer accounts	22,016	29,450	45,965	62,184
FHLB advances and other borrowings	27,963	27,534	56,226	55,656
Interest Expense	49,979	56,984	102,191	117,840
Net interest income	104,602	101,555	208,316	206,289
Provision for loan losses	18,000	30,750	29,209	56,750
Net interest income after provision for loan losses	86,602	70,805	179,107	149,539
OTHER INCOME
Gain on sale of investments	0	8,147	0	8,147
Other	5,028	4,364	9,673	8,790
Noninterest Income	5,028	12,511	9,673	16,937
OTHER EXPENSE
Compensation and benefits	20,185	17,824	38,860	35,547
Occupancy	4,094	3,636	8,025	7,151
FDIC insurance premiums	4,350	5,100	8,543	10,199
Other	8,183	6,761	15,748	14,703
Noninterest Expense	36,812	33,321	71,176	67,600
Loss on real estate acquired through foreclosure, net	(1,582)	(9,645)	(12,151)	(20,198)
Income before income taxes	53,236	40,350	105,453	78,678
Income tax provision	19,165	14,526	37,964	28,324
NET INCOME	$ 34,071	$ 25,824	$ 67,489	$ 50,354
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.32	$ 0.23	$ 0.63	$ 0.45
Diluted earnings (in dollars per share)	$ 0.32	$ 0.23	$ 0.63	$ 0.45
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.06	$ 0.16	$ 0.12
Basic weighted average number of shares outstanding (in shares)	107,198,829	112,278,823	107,523,686	112,364,935
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	107,237,972	112,411,414	107,549,396	112,447,927

XML

Allowance for Losses on Loans

6 Months Ended

Mar. 31, 2012

Allowance for Losses on Loans [Abstract]

Allowance for Losses on Loans

Allowance for Losses on 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 table summarizes the activity in the allowance for loan losses for the quarter ended March 31, 2012 and fiscal year ended September 30, 2011:

Quarter Ended March 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	84,793	$	(15,086	)	$	836	$	13,332		$	83,875
Construction - speculative	14,640		(980		)	—		2,283			15,943
Construction - custom	457		—			—		(73		)	384
Land - acquisition & development	29,089		(11,738		)	—		2,578			19,929
Land - consumer lot loans	8,283		(687		)	—		116			7,712
Multi-family	6,543		(106		)	9		(1,609		)	4,837
Commercial real estate	2,739		(151		)	6		275			2,869
Commercial & industrial	4,421		(111		)	53		64			4,427
HELOC	972		(76		)	—		73			969
Consumer	2,603		(1,053		)	363		961			2,874
	$	154,540	$	(29,988	)	$	1,267	$	18,000		$	143,819

Fiscal Year Ended September 30, 2011	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	47,160	$	(38,465	)	$	3,072	$	71,540		$	83,307
Construction - speculative	26,346		(13,197		)	2,143		(1,464		)	13,828
Construction - custom	770		(237		)	—		90			623
Land - acquisition & development	61,637		(39,797		)	2,271		8,608			32,719
Land - consumer lot loans	4,793		(4,196		)	—		4,923			5,520
Multi-family	5,050		(1,950		)	71		4,452			7,623
Commercial real estate	3,165		(1,593		)	328		2,431			4,331
Commercial & industrial	6,193		(4,733		)	1,925		1,714			5,099
HELOC	586		(939		)	185		1,307			1,139
Consumer	7,394		(4,602		)	1,429		(1,250		)	2,971
	$	163,094	$	(109,709	)	$	11,424	$	92,351		$	157,160

The Company recorded an $18,000,000 provision for loan losses during the quarter ended March 31, 2012, while a $30,750,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $286,248,000, or 2.11%, of total assets at March 31, 2012, compared to $399,295,000, or 2.98%, of total assets one year ago. Acquired loans are not classified as non-performing loans because, at acquisition, the carrying value of these loan was adjusted to reflect fair value. Covered loans are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value and are covered under FDIC loss sharing agreements. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended March 31, 2012. Non-accrual loans decreased from $221,736,000 at March 31, 2011, to $166,153,000 at March 31, 2012, a 25.1% decrease. The Company had net charge-offs of $28,721,000 for the quarter ended March 31, 2012, compared with $26,421,000 of net charge-offs for the same quarter one year ago. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations. While the percentage of loans 30 days or more delinquent decreased from 3.37% at March 31, 2011, to 2.95% at March 31, 2012, delinquencies in the single-family residential portfolio, the largest portion of the loan portfolio, decreased from 3.33% at March 31, 2011, to 3.10% at March 31, 2012. While these asset quality trends are improving, real estate values remain under pressure in most of the Company's primary markets, thus the Company recorded a smaller provision for loan losses in the current quarter as compared to the same quarter one year ago. $114,039,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $29,780,000 was made up of specific reserves on loans that were deemed to be impaired at March 31, 2012. For the period ending March 31, 2011, $107,510,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $56,107,000 was made up of specific reserves on loans that were deemed to be impaired. The primary reasons for the shift in total allowance allocation from specific reserves to general reserves is due to the Company having already addressed many of the problem loans focused in the speculative construction and land A&D portfolios, combined with increased delinquencies and elevated charge-offs in the single-family residential portfolio.

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 March 31, 2012 and September 30, 2011:

March 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	80,397	$	5,920,650	1.4	%	$	3,479	$	50,890	6.8	%
Construction - speculative	8,192		94,129		8.7		7,751		34,590		22.4
Construction - custom	384		235,566		0.2		—		—		—
Land - acquisition & development	6,339		44,765		14.2		13,589		107,202		12.7
Land - consumer lot loans	6,672		147,703		4.5		1,040		2,264		45.9
Multi-family	2,727		671,367		0.4		2,110		15,100		14.0
Commercial real estate	1,082		273,434		0.4		1,787		19,800		9.0
Commercial & industrial	4,403		93,376		4.7		24		1,543		1.6
HELOC	969		113,368		0.9		—		—		—
Consumer	2,874		71,080		4.0		—		—		—
	$	114,039	$	7,665,438	1.4		$	29,780	$	231,389	12.9

 ___________________

(1) Excludes acquired and covered loans

September 30, 2011	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,441	$	6,186,322	1.3	%	$	5,866	$	32,556	18.0	%
Construction - speculative	6,969		89,986		7.7		6,859		50,473		13.6
Construction - custom	623		279,851		0.2		—		—		—
Land - acquisition & development	10,489		61,277		17.1		22,230		139,415		15.9
Land - consumer lot loans	4,385		160,906		2.7		1,135		2,240		50.7
Multi-family	3,443		679,823		0.5		4,180		20,850		20.0
Commercial real estate	2,730		268,906		1.0		1,601		34,536		4.6
Commercial & industrial	5,058		106,406		4.8		41		2,926		1.4
HELOC	1,139		115,092		1.0		—		—		—
Consumer	2,971		67,509		4.4		—		—		—
	$	115,248	$	8,016,078	1.4		$	41,912	$	282,996	14.8

(1) Excludes covered loans

The following tables provide information on loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade (excludes covered loans):

March 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,792,611		$	300		$	178,629		$	—		$	—		$	5,971,540
Construction - speculative	69,948			8,885			49,886			—			—			128,719
Construction - custom	235,566			—			—			—			—			235,566
Land - acquisition & development	33,225			19,801			98,941			—			—			151,967
Land - consumer lot loans	149,243			259			465			—			—			149,967
Multi-family	651,722			6,735			28,010			—			—			686,467
Commercial real estate	255,328			2,633			35,273			—			—			293,234
Commercial & industrial	91,621			586			2,292			—			420			94,919
HELOC	113,368			—			—			—			—			113,368
Consumer	70,123			528			430			—			—			71,081
	7,462,755			39,727			393,926			—			420			7,896,828
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,567			—			2,062			—			—			4,629
Pool 2 - Single-family residential	—			—			2,093			—			—			2,093
Pool 3 - Multi-family	68			—			1,161			—			—			1,229
Pool 4 - HELOC & other consumer	16,846			—			—			494			—			17,340
Pool 5 - Commercial real estate	52,922			11,040			36,189			987			116			101,254
Pool 6 - Commercial & industrial	4,164			993			2,189			419			—			7,765
Total credit impaired acquired loans	76,567			12,033			43,694			1,900			116			134,310
Total gross loans	$	7,539,322		$	51,760		$	437,620		$	1,900		$	536		$	8,031,138
Total grade as a % of total gross loans	94.5		%	0.6		%	4.9		%	—		%	—		%

September 30, 2011	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Single-family residential	$	6,047,279		$	—		$	171,599		$	—		$	—		$	6,218,878
Construction - speculative	56,485			21,035			62,939			—			—			140,459
Construction - custom	279,851			—			—			—			—			279,851
Land - acquisition & development	44,888			44,840			110,964			—			—			200,692
Land - consumer lot loans	162,670			—			476			—			—			163,146
Multi-family	663,582			4,629			32,462			—			—			700,673
Commercial real estate	264,083			4,125			35,234			—			—			303,442
Commercial & industrial	104,171			1,128			1,407			2,245			381			109,332
HELOC	115,092			—			—			—			—			115,092
Consumer	66,512			528			469			—			—			67,509
	$	7,804,613		$	76,285		$	415,550		$	2,245		$	381		$	8,299,074
Total grade as a % of total gross loans	94.1		%	0.9		%	5.0		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

March 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,855,256	98.1	%	$	116,284	1.9	%
Construction - speculative	120,529		93.6		8,190		6.4
Construction - custom	235,027		99.8		539		0.2
Land - acquisition & development	126,931		83.5		25,036		16.5
Land - consumer lot loans	144,326		96.2		5,641		3.8
Multi-family	681,937		99.3		4,530		0.7
Commercial real estate	288,237		98.3		4,997		1.7
Commercial & industrial	94,918		100.0		1		—
HELOC	112,777		99.5		591		0.5
Consumer	70,737		99.5		344		0.5
	$	7,730,675	97.9		$	166,153	2.1

September 30, 2011	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	6,092,254	98.0	%	$	126,624	2.0	%
Construction - speculative	125,076		89.0		15,383		11.0
Construction - custom	279,216		99.8		635		0.2
Land - acquisition & development	163,353		81.4		37,339		18.6
Land - consumer lot loans	154,303		94.6		8,843		5.4
Multi-family	693,009		98.9		7,664		1.1
Commercial real estate	292,062		96.2		11,380		3.8
Commercial & industrial	107,653		98.5		1,679		1.5
HELOC	114,611		99.6		481		0.4
Consumer	67,072		99.4		437		0.6
	$	8,088,609	97.5	%	$	210,465	2.5	%

The following table provides information on impaired loans based on loan types as of March 31, 2012 and September 30, 2011:

								Average Recorded Investment
March 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	51,677	$	52,039	$	—		$	26,012	$	17,652
Construction - speculative	8,127		10,341		—			5,851		5,963
Construction - custom	—		—		—			—		—
Land - acquisition & development	27,521		59,792		—			31,846		32,913
Land - consumer lot loans	81		81		—			41		27
Multi-family	11,272		11,933		—			8,721		8,057
Commercial real estate	4,855		6,660		—			3,203		2,556
Commercial & industrial	201		201		—			103		68
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	103,810		141,123		—			75,815		67,261
With an allowance recorded:
Single-family residential	332,053		332,053		25,823			331,768		336,505
Construction - speculative	27,751		27,751		7,751			26,163		25,511
Construction - custom	—		—		—			—		—
Land - acquisition & development	30,521		31,397		13,590			30,921		31,138
Land - consumer lot loans	250		250		1,040			251		251
Multi-family	11,352		11,352		2,110			11,370		11,386
Commercial real estate	6,587		6,587		1,787			6,413		6,484
Commercial & industrial	24		24		24			29		33
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	408,538		409,414		52,125		(1)	406,915		411,308
Total:
Single-family residential	383,730		384,092		25,823			357,780		354,157
Construction - speculative	35,878		38,092		7,751			32,014		31,474
Construction - custom	—		—		—			—		—
Land - acquisition & development	58,042		91,189		13,590			62,767		64,051
Land - consumer lot loans	331		331		1,040			292		278
Multi-family	22,624		23,285		2,110			20,091		19,443
Commercial real estate	11,442		13,247		1,787			9,616		9,040
Commercial & industrial	225		$	225	24			132		101
HELOC	76		76		—			38		25
Consumer	—		—		—			—		—
	$	512,348	$	550,537	$	52,125	(1)	$	482,730	$	478,569

____________________ 

(1)Includes $29,781,000 of specific reserves and $22,344,000 included in the general reserves.

September 30, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	5,597	$	9,575	$	—		$	5,935
Construction - speculative	8,286		11,026		—			7,374
Construction - custom	—		—		—			—
Land - acquisition & development	22,436		50,970		—			28,168
Land - consumer lot loans	—		—		—			—
Multi-family	3,233		4,508		—			4,058
Commercial real estate	3,462		3,963		—			2,141
Commercial & industrial	—		—		—			—
HELOC	—		—		—			—
Consumer	—		—		—			—
	43,014		80,042		—			47,676
With an allowance recorded:
Single-family residential	331,546		331,546		29,378			261,736
Construction - speculative	29,255		29,255		6,859			26,385
Construction - custom	—		—		—			—
Land - acquisition & development	49,036		49,912		22,230			41,006
Land - consumer lot loans	352		352		1,135			110
Multi-family	17,149		17,149		4,180			12,380
Commercial real estate	6,429		6,429		1,601			3,351
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	433,808		434,684		65,424		(1)	344,999
Total:
Single-family residential	337,143		341,121		29,378			267,671
Construction - speculative	37,541		40,281		6,859			33,759
Construction - custom	—		—		—			—
Land - acquisition & development	71,472		100,882		22,230			69,174
Land - consumer lot loans	352		352		1,135			110
Multi-family	20,382		21,657		4,180			16,438
Commercial real estate	9,891		10,392		1,601			5,492
Commercial & industrial	41		41		41			31
HELOC	—		—		—			—
Consumer	—		—		—			—
	$	476,822	$	514,726	$	65,424	(1)	$	392,675

(1) Includes $41,912,000 of specific reserves and $23,512,000 included in the general reserves.

XML

Loans Receivable (excluding Covered Loans)

6 Months Ended

Mar. 31, 2012

Loans Receivable [Abstract]

Loans Receivable (excluding Covered Loans)

Loans Receivable (excluding Covered Loans)

	March 31, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,971,540	74.4	%	$	6,218,878	74.7	%
Construction - speculative	128,719		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	151,967		1.9		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	686,467		8.5		700,673		7.9
Commercial real estate	293,234		3.7		303,442		3.6
Commercial & industrial	94,919		1.2		109,332		1.0
HELOC	113,368		1.4		115,092		1.3
Consumer	71,081		0.9		67,509		1.1
Total non-acquired loans	7,896,828		98.4		8,299,074		100
Credit-impaired acquired loans
Single-family residential	2,093		—		—		—
Construction - speculative	139		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,490		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,229		—		—		—
Commercial real estate	101,254		1.2		—		—
Commercial & industrial	7,765		0.1		—		—
HELOC	17,215		0.2		—		—
Consumer	125		—		—		—
Total credit-impaired acquired loans	134,310		1.6		—		—
Total loans
Single-family residential	5,973,633		74.4		6,218,878		74.7
Construction - speculative	128,858		1.6		140,459		1.9
Construction - custom	235,566		2.9		279,851		2.9
Land - acquisition & development	156,457		2.0		200,692		3.5
Land - consumer lot loans	149,967		1.9		163,146		2.1
Multi-family	687,696		8.5		700,673		7.9
Commercial real estate	394,488		4.9		303,442		3.6
Commercial & industrial	102,684		1.3		109,332		1.0
HELOC	130,583		1.6		115,092		1.3
Consumer	71,206		0.9		67,509		1.1
Total loans	8,031,138		100	%	8,299,074		100	%
Less:
Allowance for probable losses	143,819				157,160
Loans in process	133,379				170,229
Discount on acquired loans	43,687				—
Deferred net origination fees	34,236				35,808
	355,121				363,197
	$	7,676,017			$	7,935,877

The following table presents the changes in the accretable yield for credit impaired acquired loans as of March 31, 2012:

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2011	$	—		$	—
Additions	21,606			92,981
Accretion	(1,790		)	1,790
Transfers to REO	—			—
Payments received, net	—			(4,148		)
Balance as of March 31, 2012	$	19,816		$	90,623

The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:

	March 31, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	116,284	70.0	%	$	126,624	60.3	%
Construction - speculative	8,190		4.9		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	25,036		15.1		37,339		17.7
Land - consumer lot loans	5,641		3.4		8,843		4.2
Multi-family	4,530		2.7		7,664		3.6
Commercial real estate	4,997		3.0		11,380		5.4
Commercial & industrial	1		—		1,679		0.8
HELOC	591		0.4		481		0.2
Consumer	344		0.2		437		0.2
Total non-accrual loans	$	166,153	100	%	$	210,465	100	%

The following tables provide an analysis of the age of loans in past due status as of March 31, 2012 and September 30, 2011, respectively.

March 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,969,973	$	5,784,832	$	45,826	$	28,841	$	110,474	$	185,141	3.10	%
Construction - Speculative	102,654		97,455		—		1,635		3,564		5,199		5.06
Construction - Custom	145,406		144,845		—		22		539		561		0.39
Land - Acquisition & Development	146,228		125,100		—		5,452		15,676		21,128		14.45
Land - Consumer Lot Loans	149,966		142,155		966		1,204		5,641		7,811		5.21
Multi-Family	677,730		672,517		—		683		4,530		5,213		0.77
Commercial Real Estate	292,143		286,778		672		1,950		2,743		5,365		1.84
Commercial & Industrial	94,901		94,895		5		—		1		6		0.01
HELOC	113,368		112,657		60		60		591		711		0.63
Consumer	71,080		68,993		1,196		547		344		2,087		2.94
Total non-acquired loans	7,763,449		7,530,227		48,725		40,394		144,103		233,222		3.00
Credit-impaired acquired loans
Single-Family Residential	2,093		1,755		338		—		—		338		16.15
Construction - Speculative	139		139		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,490		3,937		—		—		553		553		12.32
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,229		1,090		139		—		—		139		11.31
Commercial Real Estate	101,254		87,036		4,285		3,375		6,558		14,218		14.04
Commercial & Industrial	7,765		6,907		488		55		315		858		11.05
HELOC	17,215		15,331		—		1,084		800		1,884		10.94
Consumer	125		89		36		—		—		36		28.80
Total credit-impaired acquired loans	134,310		116,284		5,286		4,514		8,226		18,026		13.42
Total loans	$	7,897,759	$	7,646,511	$	54,011	$	44,908	$	152,329	$	251,248	3.18

September 30, 2011	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Single-Family Residential	$	6,217,670	$	6,015,464	$	54,140	$	21,985	$	126,082	$	202,207	3.25	%
Construction - Speculative	115,409		106,843		330		—		8,236		8,566		7.42
Construction - Custom	147,764		147,129		—		—		635		635		0.43
Land - Acquisition & Development	193,613		159,357		679		—		33,577		34,256		17.69
Land - Consumer Lot Loans	163,146		151,849		1,163		1,291		8,843		11,297		6.92
Multi-Family	699,340		690,765		—		1,202		7,373		8,575		1.23
Commercial Real Estate	300,307		292,015		1,016		—		7,276		8,292		2.76
Commercial & Industrial	108,995		106,708		55		553		1,679		2,287		2.10
HELOC	115,092		114,059		452		100		481		1,033		0.90
Consumer	67,509		65,434		1,191		446		437		2,074		3.07
	$	8,128,845	$	7,849,623	$	59,026	$	25,577	$	194,619	$	279,222	3.43

Recently, 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 March 31, 2012, single-family residential loans comprised 82.6% 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 March 31,
	2012					2011
		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	312	$	68,460	$	68,460	26	$	7,019	$	7,019
Construction - Speculative	12	4,049		4,049		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	4	1,823		1,823		—	—		—
Land - Consumer Lot Loans	14	2,116		2,116		3	498		498
Multi-Family	2	1,871		1,871		2	951		951
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	344	$	78,319	$	78,319	31	$	8,468	$	8,468

	Six Months Ended March 31,
	2012					2011
		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	491	$	121,145	$	121,145	165	$	46,488	$	46,488
Construction - Speculative	23	7,428		7,428		—	—		—
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	26	6,173		6,173		—	—		—
Land - Consumer Lot Loans	25	3,824		3,824		13	2,636		2,636
Multi-Family	2	1,871		1,871		6	8,182		8,182
Commercial Real Estate	1	308		308		—	—		—
Commercial & Industrial	1	4		4		—	—		—
HELOC	—	—		—		—	—		—
Consumer	—	—		—		—	—		—
	569	$	140,753	$	140,753	184	$	57,306	$	57,306

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 March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	108	$	20,419	47	$	11,801
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	5	865		3	710
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	113	$	21,284	53	$	19,346

	Six Months Ended March 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	125	$	24,783	87	$	19,763
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		1	4,505
Land - Consumer Lot Loans	7	1,312		4	831
Multi-Family	—	—		2	6,613
Commercial Real Estate	—	—		1	222
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	132	$	26,095	95	$	31,934

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Dividends (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011
Dividends [Abstract]
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.06	$ 0.16	$ 0.12

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Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2012

Fair Value Measurements [Abstract]

Fair Value of Assets Measured on Recurring Basis

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2012:

	Fair Value at March 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		14,142		—		14,142
Obligations of states and political subdivisions	—		23,500		—		23,500
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		277,586		—		277,586
Mortgage-backed securities					—
Agency pass-through certificates	—		3,372,397		—		3,372,397
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,687,625	$	—	$	3,687,625

Aggregated Balance of Assets Measured at Estimated Fair Value on a Nonrecurring Basis and Total Losses Resulting from Those Fair Value Adjustments

The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the quarter ended March 31, 2012, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2012								Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	81,219	$	81,219	$	21,831	$	22,832
Covered REO (2)	—		—		24,915		24,915		500		1,201
Real estate held for sale (2)	—		—		106,728		106,728		18,380		39,344
Balance at end of period	$	—	$	—	$	212,862	$	212,862	$	40,711	$	63,377

 ___________________

(1) The losses represents remeasurements of collateral-dependent loans.

(2) The losses represents 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.

		March 31, 2012				September 30, 2011
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	890,347	$	890,347	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		14,142		14,142		190,527		190,527
Obligations of states and political subdivisions		23,500		23,500		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		277,586		277,586		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,372,397		3,372,397		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,687,625		3,687,625		3,255,144		3,255,144
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		795		823		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		37,912		40,967		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		38,707		41,790		47,036		50,616
Loans receivable	3	7,717,088		8,342,403		7,935,877		8,479,307
Covered loans	3	321,634		315,179		382,183		375,027
FDIC indemnification asset	3	100,875		98,495		98,871		101,751
FHLB stock	2	151,747		151,747		151,755		151,755
Financial liabilities
Customer accounts	2	8,798,440		8,513,457		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,760,041		3,113,854		2,762,066		3,038,127

Reconciliation of Amortized Cost to Fair Value of Available-for-Sale and Held-to-Maturity Securities

The following is a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities:

	March 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	32	$	—		$	532	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	9,300		4,310		—			13,610		10.38
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	250,000		—		(1,448		)	248,552		0.89
5 to 10 years	30,000		234		(1,200		)	29,034		4.00
Municipal bonds due
Over 10 years	20,451		3,049		—			23,500		6.45
Mortgage-backed securities
Agency pass-through certificates	3,274,318		100,861		(2,782		)	3,372,397		4.54
	3,584,569		108,486		(5,430		)	3,687,625		4.31
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	—		—		—			—		—
5 to 10 years	795		28		—			823		5.65
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	37,912		3,055		—			40,967		5.31
	38,707		3,083		—			41,790		5.32
	$	3,623,276	$	111,569	$	(5,430	)	$	3,729,415	4.32	%

	September 30, 2011
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	34		$	—		$	534	4.00	%
1 to 5 years	—		—			—			—		—
5 to 10 years	9,300		4,547			—			13,847		10.38
Over 10 years	175,515		631			—			176,146		2.57
Corporate bonds due
5 to 10 years	30,000		284			(325		)	29,959		4.00
Municipal bonds due
Over 10 years	20,461		3,107			—			23,568		6.45
Mortgage-backed securities
Agency pass-through certificates	2,883,734		127,356			—			3,011,090		4.72
	3,119,510		135,959			(325		)	3,255,144		4.62
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	405		5			—			410		6.52
5 to 10 years	1,545		68			—			1,613		5.60
Over 10 years	—		—			—			—		—
U.S. government and agency securities due
1 to 5 years	—		—			—			—		—
Mortgage-backed securities
Agency pass-through certificates	45,086		3,507			—			48,593		5.31
	47,036		3,580			—			50,616		5.33
	$	3,166,546	$	139,539		$	(325	)	$	3,305,760	4.63	%

Schedule of Unrealized Losses and Fair Value of Securities

The following table shows the unrealized gross losses and fair value of securities at March 31, 2012, by length of time that individual securities in each category have been in a continuous loss position. Management believes that the declines in fair value of these investments are not an other than temporary impairment.

	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
Corporate bonds due	$	(2,648	)	$	257,353	$	—		$	—	$	(2,648	)	$	257,353
Agency pass-through certificates	(2,653		)	396,343		(129		)	41,945		(2,782		)	438,288
	(5,301		)	$	653,696	$	(129	)	$	41,945	(5,430		)	$	695,641

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Covered Assets

6 Months Ended

Mar. 31, 2012

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 $357,443,000 as of March 31, 2012, versus $438,566,000 as of September 30, 2011.

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows:

March 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	37,072		$	116,061		$	30,370		$	269,888
Accretion	(10,404		)	10,404			(3,965		)	3,965
Transfers to REO	—			(11,775		)	—			—
Payments received, net	—			(29,141		)	—			(37,768		)
Balance at end of period	$	26,668		$	85,549		$	26,405		$	236,085

September 30, 2011	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	27,019		$	190,530		$	39,813		$	343,944
Reclassification from nonaccretable balance, net	24,025			—			—			—
Accretion	(13,972		)	13,972			(9,443		)	9,443
Transfers to REO	—			(54,638		)	—			—
Payments received, net	—			(33,803		)	—			(83,499		)
Balance at end of period	$	37,072		$	116,061		$	30,370		$	269,888

At March 31, 2012, 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 resulted 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 $422,647,000 and $495,358,000 as of March 31, 2012 and September 30, 2011, respectively. The discount balance related to the acquired loans was $97,247,000 and $109,409,000 as of March 31, 2012 and September 30, 2011, respectively.

The following table shows the year to date activity for the FDIC indemnification asset:

	March 31, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	2,052			10,470
Payments made (received)	4,068			(32,828		)
Amortization	(7,869		)	(10,239		)
Accretion	990			3,103
Balance at end of period	$	100,875		$	101,634

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	37,588		$	—		$	3,196		$	—		$	—		$	40,784
Construction - speculative	734			—			—			—			—			734
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	7,632			5,398			1,031			—			—			14,061
Land - consumer lot loans	507			—			—			—			—			507
Multi-family	29,828			—			2,760			—			—			32,588
Commercial real estate	99,296			1,115			28,787			—			—			129,198
Commercial & industrial	7,462			1,156			6,923			—			—			15,541
HELOC	19,705			—			—			—			—			19,705
Consumer	1,019			—			—			—			—			1,019
	203,771			7,669			42,697			—			—			254,137
Total grade as a % of total net loans	80.2		%	3.0		%	16.8		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	10,415			5,872			42,297			—			—			58,584
Pool 2 - Single-family residential	2,038			—			4,044			—			—			6,082
Pool 3 - Multi-family	—			3,043			—			—			—			3,043
Pool 4 - HELOC & other consumer	1,997			—			4,574			—			—			6,571
Pool 5 - Commercial real estate	411			30,259			41,912			—			—			72,582
Pool 6 - Commercial & industrial	4,983			1,556			15,109			—			—			21,648
	$	19,844		$	40,730		$	107,936		$	—		$	—		168,510
													Total covered loans			422,647
													Discount			(97,247		)
													Allowance			(3,766		)
													Covered loans, net			$	321,634

September 30, 2011	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	45,619		$	—		$	595		$	—		$	—		$	46,214
Construction - speculative	1,315			—			—			—			—			1,315
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	8,383			6,315			360			—			—			15,058
Land - consumer lot loans	543			—			111			—			—			654
Multi-family	32,448			—			2,458			—			—			34,906
Commercial real estate	118,124			1,361			28,979			—			—			148,464
Commercial & industrial	13,717			4,481			4,239			444			—			22,881
HELOC	21,730			—			—			—			—			21,730
Consumer	1,199			—			—			—			—			1,199
	243,078			12,157			36,742			444			—			292,421
Total grade as a % of total net loans	83.1		%	4.2		%	12.6		%	0.2		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,982			2,980			54,682			—			—			67,644
Pool 2 - Single-family residential	3,667			—			8,263			—			—			11,930
Pool 3 - Multi-family	—			—			3,324			—			—			3,324
Pool 4 - HELOC & other consumer	3,544			—			5,411			—			—			8,955
Pool 5 - Commercial real estate	418			30,579			48,069			—			—			79,066
Pool 6 - Commercial & industrial	2,859			2,725			25,662			772			—			32,018
	$	20,470		$	36,284		$	145,411		$	772		$	—		202,937
													Total covered loans			495,358
													Discount			(109,409		)
													Allowance			(3,766		)
													Covered loans, net			$	382,183

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status for the periods ended March 31, 2012 and September 30, 2011:

March 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	40,784	$	38,794	$	—	$	—	$	1,990	$	1,990	4.88	%
Construction - Speculative	734		734		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	14,061		13,077		—		—		984		984		7.00
Land - Consumer Lot Loans	507		276		133		—		98		231		45.56
Multi-Family	32,588		31,080		—		—		1,508		1,508		4.63
Commercial Real Estate	129,198		124,777		1,742		79		2,600		4,421		3.42
Commercial & Industrial	15,541		15,016		—		434		91		525		3.38
HELOC	19,705		18,456		906		5		338		1,249		6.34
Consumer	1,019		1,018		1		—		—		1		0.10
	$	254,137	$	243,228	$	2,782	$	518	$	7,609	$	10,909	4.29	%

September 30, 2011	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	46,214	$	43,445	$	1,034	$	30	$	1,705	$	2,769	5.99	%
Construction - Speculative	1,315		1,315		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	15,058		13,344		487		—		1,227		1,714		11.38
Land - Consumer Lot Loans	654		527		16		—		111		127		19.42
Multi-Family	34,906		33,398		—		—		1,508		1,508		4.32
Commercial Real Estate	148,464		142,060		1,527		—		4,877		6,404		4.31
Commercial & Industrial	22,881		18,049		3,606		703		523		4,832		21.12
HELOC	21,730		20,339		731		391		269		1,391		6.40
Consumer	1,199		1,123		31		8		37		76		6.34
	$	292,421	$	273,600	$	7,432	$	1,132	$	10,257	$	18,821	6.44	%

NM - not meaningful

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New Accounting Pronouncements

6 Months Ended

Mar. 31, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2011-11, Balance Sheet (Topic 210) – Disclosures about Offsetting Assets and Liabilities. The amendments in this ASU will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with current U.S. GAAP or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with current U.S. GAAP. The guidance in this ASU is effective for the first interim or annual period beginning on or after January 1, 2013 and should be applied retrospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

In December 2011, the FASB issued ASU 2011-12, Comprehensive Income (Topic 220) – Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. Under the amendments in ASU 2011-05, entities are required to present reclassification adjustments and the effect of those reclassification adjustments on the face of the financial statements where net income is presented, by component of net income, and on the face of the financial statements where other comprehensive income is presented, by component of other comprehensive income. In addition, the amendments in ASU 2011-05 require that reclassification adjustments be presented in interim financial periods. The amendments in ASU 2011-12 supersede and defer changes to those paragraphs in ASU 2011-05 that pertain to how, when and where reclassification adjustments are presented while the FASB redeliberates the presentation of reclassification adjustments. All other requirements of ASU 2011-05 are not affected by ASU 2011-12.

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Fair Value Measurements

6 Months Ended

Mar. 31, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

Fair Value Measurements

U.S. GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active exchange markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

We have established and documented the Company's process for determining the fair values of our assets and liabilities, where applicable. Fair value is based on quoted market prices, when available, for identical or similar assets or liabilities. In the absence of quoted market prices, fair value is determined using valuation models or third-party appraisals. The following is a description of the valuation methodologies used to measure and report the fair value of financial assets and liabilities on a recurring or nonrecurring basis:

Measured on a Recurring Basis

Securities

Securities available for sale are recorded at fair value on a recurring basis. Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, 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.

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2012:

	Fair Value at March 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		14,142		—		14,142
Obligations of states and political subdivisions	—		23,500		—		23,500
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		277,586		—		277,586
Mortgage-backed securities					—
Agency pass-through certificates	—		3,372,397		—		3,372,397
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,687,625	$	—	$	3,687,625

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended March 31, 2012.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at March 31, 2012 included loans for which a specific reserve allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as covered REO and real estate held for sale for which fair value of the properties was less than the cost basis.

Real estate held for sale consists principally of properties acquired through foreclosure.

The following table presents the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the quarter ended March 31, 2012, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2012								Quarter Ended March 31, 2012		Six Months Ended March 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	81,219	$	81,219	$	21,831	$	22,832
Covered REO (2)	—		—		24,915		24,915		500		1,201
Real estate held for sale (2)	—		—		106,728		106,728		18,380		39,344
Balance at end of period	$	—	$	—	$	212,862	$	212,862	$	40,711	$	63,377

 ___________________

(1) The losses represents remeasurements of collateral-dependent loans.

(2) The losses represents 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 March 31, 2012.

The following describes the process used to value Level 3 assets:

Impaired loans - The Company adjusts the carrying amount of impaired loans when there is evidence of probable loss and the expected fair value of the loan is less than its contractual amount. The amount of the impairment may be determined based on the estimated present value of future cash flows or the fair value of the underlying collateral. Impaired loans with a specific reserve allowance based on cash flow analysis or the value of the underlying collateral are classified as Level 3 assets.

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for loan loss ("ALLL") process.

Applicable loans are evaluated for impairment on a quarterly basis. Loans included in the previous quarter's review are reevaluated and if their values are materially different from the prior quarter evaluation, the underlying information (loan balance and collateral value) are compared. Material differences are evaluated for reasonableness and discussions are held between the relationship manager and their division manager to understand the difference and determine if any adjustment is necessary. The inputs are developed and substantiated on a quarterly basis, based on current borrower developments, market conditions and collateral values. The following method is used to value impaired loans:

• The fair value of the collateral, which may take the form of real estate or personal property, is based on internal estimates, field observations, assessments provided by third-party appraisers and other valuation models. The Company performs or reaffirms valuations of collateral-dependent impaired loans at least annually. Adjustments are made if management believes that more recent information is available and relevant with respect to the fair value of the collateral.

Real estate held for sale ("OREO") - These assets are valued based on inputs such as appraisals and third-party price opinions, less estimated selling costs. Assets that are acquired through foreclosure are recorded initially at the lower of the loan balance or fair value at the date of foreclosure. After foreclosure, valuations are updated periodically, and current market conditions my require the assets to be written down further to a new cost basis. The following method is used to value real estate held for sale:

• When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include a third-party appraisal, which is used to establish the fair value of the underlying collateral. The determined fair value, to the extent it does not exceed the carrying value of the loan, becomes the carrying value of the OREO asset. In addition to the valuations from independent third-party sources, the carrying balance of OREO assets are written down once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement, where the accepted price is lower than the current balance of the particular OREO asset. The fair value of OREO assets is re-evaluated quarterly and the OREO asset is adjusted to reflect the lower of cost or fair value as necessary.

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.

		March 31, 2012				September 30, 2011
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	890,347	$	890,347	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		14,142		14,142		190,527		190,527
Obligations of states and political subdivisions		23,500		23,500		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		277,586		277,586		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,372,397		3,372,397		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,687,625		3,687,625		3,255,144		3,255,144
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		795		823		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		37,912		40,967		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		38,707		41,790		47,036		50,616
Loans receivable	3	7,717,088		8,342,403		7,935,877		8,479,307
Covered loans	3	321,634		315,179		382,183		375,027
FDIC indemnification asset	3	100,875		98,495		98,871		101,751
FHLB stock	2	151,747		151,747		151,755		151,755
Financial liabilities
Customer accounts	2	8,798,440		8,513,457		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,760,041		3,113,854		2,762,066		3,038,127

The following methods and assumptions were used to estimate the fair value of financial instruments:

Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value.

Available-for-sale securities and held-to-maturity securities – Securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method.

Loans receivable and covered loans – For certain homogeneous categories of loans, such as fixed- and variable-rate residential mortgages, fair value is estimated for securities backed by similar loans, adjusted for differences in loan characteristics, using the same methodology described above for AFS and HTM securities. The fair value of other loan types is estimated by discounting the future cash flows and estimated prepayments using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. Some loan types were valued at carrying value because of their floating rate or expected maturity characteristics. Net deferred loan fees are not included in the fair value calculation but are included in the carrying amount.

FDIC indemnification asset – The fair value of the indemnification asset is estimated by discounting the expected future cash flows using the current rates.

FHLB stock – The fair value is based upon the 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 is a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities:

	March 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	32	$	—		$	532	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	9,300		4,310		—			13,610		10.38
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	250,000		—		(1,448		)	248,552		0.89
5 to 10 years	30,000		234		(1,200		)	29,034		4.00
Municipal bonds due
Over 10 years	20,451		3,049		—			23,500		6.45
Mortgage-backed securities
Agency pass-through certificates	3,274,318		100,861		(2,782		)	3,372,397		4.54
	3,584,569		108,486		(5,430		)	3,687,625		4.31
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	—		—		—			—		—
5 to 10 years	795		28		—			823		5.65
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	37,912		3,055		—			40,967		5.31
	38,707		3,083		—			41,790		5.32
	$	3,623,276	$	111,569	$	(5,430	)	$	3,729,415	4.32	%

	September 30, 2011
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	500	$	34		$	—		$	534	4.00	%
1 to 5 years	—		—			—			—		—
5 to 10 years	9,300		4,547			—			13,847		10.38
Over 10 years	175,515		631			—			176,146		2.57
Corporate bonds due
5 to 10 years	30,000		284			(325		)	29,959		4.00
Municipal bonds due
Over 10 years	20,461		3,107			—			23,568		6.45
Mortgage-backed securities
Agency pass-through certificates	2,883,734		127,356			—			3,011,090		4.72
	3,119,510		135,959			(325		)	3,255,144		4.62
Held-to-maturity securities
Tax-exempt municipal bonds due
1 to 5 years	405		5			—			410		6.52
5 to 10 years	1,545		68			—			1,613		5.60
Over 10 years	—		—			—			—		—
U.S. government and agency securities due
1 to 5 years	—		—			—			—		—
Mortgage-backed securities
Agency pass-through certificates	45,086		3,507			—			48,593		5.31
	47,036		3,580			—			50,616		5.33
	$	3,166,546	$	139,539		$	(325	)	$	3,305,760	4.63	%

During the period ending March 31, 2012, $3,500,000 of available-for-sale securities were sold, resulting in a gain of $0. $131,361,000 of available-for-sale securities were sold during the period ending March 31, 2011, resulting in a gain of $8,147,000.

Substantially all mortgage-backed securities have contractual due dates that exceed 10 years.

The following table shows the unrealized gross losses and fair value of securities at March 31, 2012, by length of time that individual securities in each category have been in a continuous loss position. Management believes that the declines in fair value of these investments are not an other than temporary impairment.

	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
Corporate bonds due	$	(2,648	)	$	257,353	$	—		$	—	$	(2,648	)	$	257,353
Agency pass-through certificates	(2,653		)	396,343		(129		)	41,945		(2,782		)	438,288
	(5,301		)	$	653,696	$	(129	)	$	41,945	(5,430		)	$	695,641

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2012

Summary of Significant Accounting Policies [Abstract]

Loans Receivable

When a borrower defaults on a loan, the Company attempts to cure the deficiency by working with the borrower. In most cases, deficiencies are cured promptly, sometimes as a result of a negotiated modification of terms. If the delinquency is not promptly cured, and negotiations do not lead to a modification of terms, the Company may institute appropriate legal action to collect the loan, which may include foreclose of collateral. If foreclosed, the collateral will be liquidated in a reasonable time frame at prices available in the market place.

The Company will consider modifying the interest rates and terms of a loan if it determines that a modification is a better alternative to foreclosure.

Loans are placed on nonaccrual status when, in the judgment of management, the probability of collection of interest is deemed to be insufficient to warrant further accrual. When a loan is placed on nonaccrual status, previously accrued but unpaid interest is deducted from interest income. The Company does not accrue interest on loans 90 days past due or more. If payment is made on a loan so that the loan becomes less than 90 days past due, and the Company expects full collection of principal and interest, the loan is returned to full accrual status. Any interest ultimately collected is credited to income in the period of recovery. A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations.

The Company maintains an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the probable and estimable losses inherent in the loan portfolio. The Company’s methodology for assessing the appropriateness of the allowance consists of two components, which include the general allowance and specific allowances.

The general loan loss allowance is established by applying a loss percentage factor to the different loan types. Management believes loan types are the most relevant factor to group loans for the allowance calculation as the risk characteristics in these groups are similar. The loss percentage factor is made up of 2 parts – the historical loss factor (“HLF”) and the qualitative loss factor (“QLF”). The HLF takes into account historical charge-offs, while the QLF is determined by loan type and allows management to augment reserve levels to reflect the current environment and portfolio performance trends including recent charge-off trends. The allowances are provided based on Management’s continuing evaluation of the pertinent factors underlying the quality of the loan portfolio, including changes in the size and composition of the loan portfolio, actual loan loss experience, current economic conditions, collateral values, geographic concentrations, seasoning of the loan portfolio, specific industry conditions, and the duration of the current business cycle. The recovery of the carrying value of loans is susceptible to future market conditions beyond the Company’s control, which may result in losses or recoveries differing from those provided.

Specific allowances are established for loans which are individually evaluated, in cases where Management has identified significant conditions or circumstances related to a loan that Management believes indicate the probability that a loss has been incurred.

Impaired loans consist of loans receivable that are not expected to have their principal and interest repaid in accordance with their contractual terms. Collateral dependent impaired loans are measured using the fair value of the collateral, less selling costs. Non-collateral dependent loans are measured at the present value of expected future cash flows.

The Company receives fees for originating loans in addition to various fees and charges related to existing loans, which may include prepayment charges, late charges and assumption fees. Deferred loan fees and costs are recognized over the life of the loans using the effective interest method.

Off-Balance-Sheet Credit Exposures

The Company estimates losses on LIP by including LIP with the related principal balance outstanding and then applying its general reserve methodology to the gross amount.

Certain reclassifications have been made to the financial statements to conform prior periods to current classifications.

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified									3 Months Ended	6 Months Ended	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2012 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member]	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member]	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Impaired Loans [Member]		Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Impaired Loans [Member]		Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Impaired Loans [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Impaired Loans [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Real Estate Held for Sale [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Impaired Loans [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Real Estate Held for Sale [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Impaired Loans [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Real Estate Held for Sale [Member]		Mar. 31, 2012 Equity Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Equity Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Equity Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Equity Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 US Treasury and Government [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 US Treasury and Government [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 US Treasury and Government [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 US Treasury and Government [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 US States and Political Subdivisions Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 US States and Political Subdivisions Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Foreign Government Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Foreign Government Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Corporate Debt Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Corporate Debt Securities [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Other Debt Obligations [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Other Debt Obligations [Member] Portion at Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Mar. 31, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	$ 3,687,625	$ 3,255,144	$ 3,687,625	$ 3,255,144	$ 3,687,625	$ 0	$ 3,687,625	$ 0																																											$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 14,142	$ 190,527	$ 14,142	$ 190,527	$ 14,142	$ 0	$ 14,142	$ 0	$ 23,500	$ 23,568	$ 23,500	$ 23,568	$ 23,500	$ 0	$ 23,500	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 277,586	$ 29,959	$ 277,586	$ 29,959	$ 277,586	$ 0	$ 277,586	$ 0	$ 3,372,397	$ 3,011,090	$ 3,372,397	$ 3,011,090	$ 3,372,397	$ 0	$ 3,372,397	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring																							212,862	81,219	[1]	24,915	[2]	106,728	[2]	0	0	[1]	0	[2]	0	[2]	0	0	[1]	0	[2]	0	[2]	212,862	81,219	[1]	24,915	[2]	106,728	[2]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis									$ 40,711	$ 63,377	$ 21,831	[1]	$ 22,832	[1]	$ 500	[2]	$ 1,201	[2]	$ 18,380	[2]	$ 39,344	[2]

[1] The losses represents remeasurements of collateral-dependent loans.

[2] The losses represents aggregate writedowns and charge-offs on real estate held for sale.

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 133,379	$ 170,229
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 133,379

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Loans Receivable (excluding Covered Loans) (Loans on Non-accrual Status) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011	Mar. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 166,153	$ 210,465	$ 221,736
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	100.00%	100.00%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	116,284	126,624
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	70.00%	60.30%
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	8,190	15,383
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	4.90%	7.30%
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	539	635
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.30%	0.30%
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	25,036	37,339
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	15.10%	17.70%
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	5,641	8,843
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	3.40%	4.20%
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	4,530	7,664
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.70%	3.60%
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	4,997	11,380
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	3.00%	5.40%
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	1	1,679
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.00%	0.80%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	591	481
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.40%	0.20%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 344	$ 437
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.20%	0.20%

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011
Net income	$ 34,071	$ 25,824	$ 67,489	$ 50,354
Other comprehensive income, net of tax of:
Net unrealized loss on available-for-sale securities, net of quarter-to-date tax of $11,047 and $9,055, and year-to-date tax of $11,973 and $18,652, respectively	(19,013)	(20,738)	(20,606)	(37,255)
Reclassification adjustment of net gain from sale of available-for-sale securities included in net income	0	5,153	0	5,153
Other comprehensive income	(19,013)	(15,585)	(20,606)	(32,102)
Comprehensive income	$ 15,058	$ 10,239	$ 46,883	$ 18,252

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Dividends

6 Months Ended

Mar. 31, 2012

Dividends [Abstract]

Dividends

Dividends

On April 20, 2012, the Company paid its 117^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.06 for the quarters ended March 31, 2012 and 2011, respectively.

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Loans Receivable (excluding Covered Loans) (Loans Receivable, Analysis of Age of Loans in Past Due Status) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Sep. 30, 2011	Mar. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,897,759	$ 8,128,845
Current	7,646,511	7,849,623
30 Days	54,011	59,026
60 Days	44,908	25,577
90 Days	152,329	194,619
Total	251,248	279,222
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.18%	3.43%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		6,217,670
Current		6,015,464
30 Days		54,140
60 Days		21,985
90 Days		126,082
Total		202,207
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.10%	3.25%	3.33%
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		115,409
Current		106,843
30 Days		330
60 Days		0
90 Days		8,236
Total		8,566
Ratio of past due loans to total loans, net of charge-offs and LIPs		7.42%
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		147,764
Current		147,129
30 Days		0
60 Days		0
90 Days		635
Total		635
Ratio of past due loans to total loans, net of charge-offs and LIPs		0.43%
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		193,613
Current		159,357
30 Days		679
60 Days		0
90 Days		33,577
Total		34,256
Ratio of past due loans to total loans, net of charge-offs and LIPs		17.69%
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		163,146
Current		151,849
30 Days		1,163
60 Days		1,291
90 Days		8,843
Total		11,297
Ratio of past due loans to total loans, net of charge-offs and LIPs		6.92%
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		699,340
Current		690,765
30 Days		0
60 Days		1,202
90 Days		7,373
Total		8,575
Ratio of past due loans to total loans, net of charge-offs and LIPs		1.23%
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		300,307
Current		292,015
30 Days		1,016
60 Days		0
90 Days		7,276
Total		8,292
Ratio of past due loans to total loans, net of charge-offs and LIPs		2.76%
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		108,995
Current		106,708
30 Days		55
60 Days		553
90 Days		1,679
Total		2,287
Ratio of past due loans to total loans, net of charge-offs and LIPs		2.10%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		115,092
Current		114,059
30 Days		452
60 Days		100
90 Days		481
Total		1,033
Ratio of past due loans to total loans, net of charge-offs and LIPs		0.90%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP		67,509
Current		65,434
30 Days		1,191
60 Days		446
90 Days		437
Total		2,074
Ratio of past due loans to total loans, net of charge-offs and LIPs		3.07%
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,763,449
Current	7,530,227
30 Days	48,725
60 Days	40,394
90 Days	144,103
Total	233,222
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.00%
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	5,969,973
Current	5,784,832
30 Days	45,826
60 Days	28,841
90 Days	110,474
Total	185,141
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.10%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	102,654
Current	97,455
30 Days	0
60 Days	1,635
90 Days	3,564
Total	5,199
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.06%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	145,406
Current	144,845
30 Days	0
60 Days	22
90 Days	539
Total	561
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.39%
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	146,228
Current	125,100
30 Days	0
60 Days	5,452
90 Days	15,676
Total	21,128
Ratio of past due loans to total loans, net of charge-offs and LIPs	14.45%
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	149,966
Current	142,155
30 Days	966
60 Days	1,204
90 Days	5,641
Total	7,811
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.21%
Non-Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	677,730
Current	672,517
30 Days	0
60 Days	683
90 Days	4,530
Total	5,213
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.77%
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	292,143
Current	286,778
30 Days	672
60 Days	1,950
90 Days	2,743
Total	5,365
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.84%
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	94,901
Current	94,895
30 Days	5
60 Days	0
90 Days	1
Total	6
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.01%
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	113,368
Current	112,657
30 Days	60
60 Days	60
90 Days	591
Total	711
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.63%
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	71,080
Current	68,993
30 Days	1,196
60 Days	547
90 Days	344
Total	2,087
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.94%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	134,310
Current	116,284
30 Days	5,286
60 Days	4,514
90 Days	8,226
Total	18,026
Ratio of past due loans to total loans, net of charge-offs and LIPs	13.42%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	2,093
Current	1,755
30 Days	338
60 Days	0
90 Days	0
Total	338
Ratio of past due loans to total loans, net of charge-offs and LIPs	16.15%
Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	139
Current	139
30 Days	0
60 Days	0
90 Days	0
Total	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%
Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	0
Current	0
30 Days	0
60 Days	0
90 Days	0
Total	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%
Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	4,490
Current	3,937
30 Days	0
60 Days	0
90 Days	553
Total	553
Ratio of past due loans to total loans, net of charge-offs and LIPs	12.32%
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	0
Current	0
30 Days	0
60 Days	0
90 Days	0
Total	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%
Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	1,229
Current	1,090
30 Days	139
60 Days	0
90 Days	0
Total	139
Ratio of past due loans to total loans, net of charge-offs and LIPs	11.31%
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	101,254
Current	87,036
30 Days	4,285
60 Days	3,375
90 Days	6,558
Total	14,218
Ratio of past due loans to total loans, net of charge-offs and LIPs	14.04%
Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,765
Current	6,907
30 Days	488
60 Days	55
90 Days	315
Total	858
Ratio of past due loans to total loans, net of charge-offs and LIPs	11.05%
Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	17,215
Current	15,331
30 Days	0
60 Days	1,084
90 Days	800
Total	1,884
Ratio of past due loans to total loans, net of charge-offs and LIPs	10.94%
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	125
Current	89
30 Days	36
60 Days	0
90 Days	0
Total	36
Ratio of past due loans to total loans, net of charge-offs and LIPs	28.80%

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Covered Assets (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Mar. 31, 2012	Sep. 30, 2011
Covered assets	$ 357,443	$ 438,566
Loans and Leases Receivable, Covered Loans, Gross	422,647	495,358
Discount balance related to acquired loans	(97,247)	(109,409)
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	101,634	131,128
Additions	2,052	10,470
Payments made (received)	4,068	(32,828)
Amortization	(7,869)	(10,239)
Accretion, Carrying Amount of Loans	990	3,103
Balance at end of period	100,875	101,634
Acquired 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, AccretableYield	37,072	27,019
Balance at beginning of period, Carrying Amount of Loans	116,061	190,530
Reclassification from nonaccretable balance, net, AccretableYield		24,025
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(10,404)	(13,972)
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	(11,775)	(54,638)
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(29,141)	(33,803)
Balance at end of period, AccretableYield	26,668	37,072
Balance at end of period, Carrying Amount of Loans	85,549	116,061
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	10,404	13,972
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, AccretableYield	30,370	39,813
Balance at beginning of period, Carrying Amount of Loans	269,888	343,944
Reclassification from nonaccretable balance, net, AccretableYield		0
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(3,965)	(9,443)
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	0	0
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(37,768)	(83,499)
Balance at end of period, AccretableYield	26,405	30,370
Balance at end of period, Carrying Amount of Loans	236,085	269,888
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	$ 3,965	$ 9,443

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Covered Assets (Tables)

6 Months Ended

Mar. 31, 2012

Covered Assets [Abstract]

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 were as follows:

March 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	37,072		$	116,061		$	30,370		$	269,888
Accretion	(10,404		)	10,404			(3,965		)	3,965
Transfers to REO	—			(11,775		)	—			—
Payments received, net	—			(29,141		)	—			(37,768		)
Balance at end of period	$	26,668		$	85,549		$	26,405		$	236,085

September 30, 2011	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	27,019		$	190,530		$	39,813		$	343,944
Reclassification from nonaccretable balance, net	24,025			—			—			—
Accretion	(13,972		)	13,972			(9,443		)	9,443
Transfers to REO	—			(54,638		)	—			—
Payments received, net	—			(33,803		)	—			(83,499		)
Balance at end of period	$	37,072		$	116,061		$	30,370		$	269,888

Schedule of Activity for FDIC Indemnification Asset

The following table shows the year to date activity for the FDIC indemnification asset:

	March 31, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	2,052			10,470
Payments made (received)	4,068			(32,828		)
Amortization	(7,869		)	(10,239		)
Accretion	990			3,103
Balance at end of period	$	100,875		$	101,634

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of March 31, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	37,588		$	—		$	3,196		$	—		$	—		$	40,784
Construction - speculative	734			—			—			—			—			734
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	7,632			5,398			1,031			—			—			14,061
Land - consumer lot loans	507			—			—			—			—			507
Multi-family	29,828			—			2,760			—			—			32,588
Commercial real estate	99,296			1,115			28,787			—			—			129,198
Commercial & industrial	7,462			1,156			6,923			—			—			15,541
HELOC	19,705			—			—			—			—			19,705
Consumer	1,019			—			—			—			—			1,019
	203,771			7,669			42,697			—			—			254,137
Total grade as a % of total net loans	80.2		%	3.0		%	16.8		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	10,415			5,872			42,297			—			—			58,584
Pool 2 - Single-family residential	2,038			—			4,044			—			—			6,082
Pool 3 - Multi-family	—			3,043			—			—			—			3,043
Pool 4 - HELOC & other consumer	1,997			—			4,574			—			—			6,571
Pool 5 - Commercial real estate	411			30,259			41,912			—			—			72,582
Pool 6 - Commercial & industrial	4,983			1,556			15,109			—			—			21,648
	$	19,844		$	40,730		$	107,936		$	—		$	—		168,510
													Total covered loans			422,647
													Discount			(97,247		)
													Allowance			(3,766		)
													Covered loans, net			$	321,634

September 30, 2011	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	45,619		$	—		$	595		$	—		$	—		$	46,214
Construction - speculative	1,315			—			—			—			—			1,315
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	8,383			6,315			360			—			—			15,058
Land - consumer lot loans	543			—			111			—			—			654
Multi-family	32,448			—			2,458			—			—			34,906
Commercial real estate	118,124			1,361			28,979			—			—			148,464
Commercial & industrial	13,717			4,481			4,239			444			—			22,881
HELOC	21,730			—			—			—			—			21,730
Consumer	1,199			—			—			—			—			1,199
	243,078			12,157			36,742			444			—			292,421
Total grade as a % of total net loans	83.1		%	4.2		%	12.6		%	0.2		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,982			2,980			54,682			—			—			67,644
Pool 2 - Single-family residential	3,667			—			8,263			—			—			11,930
Pool 3 - Multi-family	—			—			3,324			—			—			3,324
Pool 4 - HELOC & other consumer	3,544			—			5,411			—			—			8,955
Pool 5 - Commercial real estate	418			30,579			48,069			—			—			79,066
Pool 6 - Commercial & industrial	2,859			2,725			25,662			772			—			32,018
	$	20,470		$	36,284		$	145,411		$	772		$	—		202,937
													Total covered loans			495,358
													Discount			(109,409		)
													Allowance			(3,766		)
													Covered loans, net			$	382,183

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 for the periods ended March 31, 2012 and September 30, 2011:

March 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	40,784	$	38,794	$	—	$	—	$	1,990	$	1,990	4.88	%
Construction - Speculative	734		734		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	14,061		13,077		—		—		984		984		7.00
Land - Consumer Lot Loans	507		276		133		—		98		231		45.56
Multi-Family	32,588		31,080		—		—		1,508		1,508		4.63
Commercial Real Estate	129,198		124,777		1,742		79		2,600		4,421		3.42
Commercial & Industrial	15,541		15,016		—		434		91		525		3.38
HELOC	19,705		18,456		906		5		338		1,249		6.34
Consumer	1,019		1,018		1		—		—		1		0.10
	$	254,137	$	243,228	$	2,782	$	518	$	7,609	$	10,909	4.29	%

September 30, 2011	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	46,214	$	43,445	$	1,034	$	30	$	1,705	$	2,769	5.99	%
Construction - Speculative	1,315		1,315		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	15,058		13,344		487		—		1,227		1,714		11.38
Land - Consumer Lot Loans	654		527		16		—		111		127		19.42
Multi-Family	34,906		33,398		—		—		1,508		1,508		4.32
Commercial Real Estate	148,464		142,060		1,527		—		4,877		6,404		4.31
Commercial & Industrial	22,881		18,049		3,606		703		523		4,832		21.12
HELOC	21,730		20,339		731		391		269		1,391		6.40
Consumer	1,199		1,123		31		8		37		76		6.34
	$	292,421	$	273,600	$	7,432	$	1,132	$	10,257	$	18,821	6.44	%

NM - not meaningful