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 June 30, 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 August 3, 2012
Common stock, $1.00 par value	106,494,239

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 June 30, 2012 and September 30, 2011	3
	Consolidated Statements of Operations for the quarters and nine months ended June 30, 2012 and 2011	4
	Consolidated Statements of Comprehensive Income for the quarters and nine months ended June 30, 2012 and 2011	5
	Consolidated Statements of Cash Flows for the nine months ended June 30, 2012 and 2011	6
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	36
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	44
Item 4.	Controls and Procedures	44
PART II
Item 1.	Legal Proceedings	45
Item 1A.	Risk Factors	45
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	46
Item 3.	Defaults Upon Senior Securities	46
Item 5.	Other Information	46
Item 6.	Exhibits	47
	Signatures	48

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	June 30, 2012			September 30, 2011
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	963,766		$	816,002
Available-for-sale securities, including encumbered securities of $964,338 and $965,927, at fair value	3,626,115			3,255,144
Held-to-maturity securities, including encumbered securities of $34,433 and $45,086, at amortized cost	35,228			47,036
Loans receivable, net	7,616,205			7,935,877
Covered loans, net	302,681			382,183
Interest receivable	53,043			52,332
Premises and equipment, net	175,125			166,593
Real estate held for sale	107,457			159,829
Covered real estate held for sale	33,142			56,383
FDIC indemnification asset	97,380			101,634
FHLB stock	151,674			151,755
Intangible assets, net	256,431			256,271
Federal and state income taxes	2,514			—
Other assets	44,588			59,710
	$	13,465,349		$	13,440,749
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	2,868,442		$	2,662,188
Time deposit accounts	5,814,739			6,003,715
	8,683,181			8,665,903
FHLB advances	1,957,146			1,962,066
Other borrowings	800,000			800,000
Advance payments by borrowers for taxes and insurance	24,313			39,548
Federal and State income taxes	—			1,535
Accrued expenses and other liabilities	67,428			65,164
	11,532,068			11,534,216
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 129,936,563 and 129,853,534 shares issued; 106,884,239 and 108,976,410 shares outstanding	129,937			129,854
Paid-in capital	1,585,797			1,582,843
Accumulated other comprehensive income, net of taxes	62,736			85,789
Treasury stock, at cost; 23,052,324 and 20,877,124 shares	(298,972		)	(268,665		)
Retained earnings	453,783			376,712
	1,933,281			1,906,533
	$	13,465,349		$	13,440,749

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended June 30,					Nine Months Ended June 30,
	2012		2011			2012			2011
	(In thousands, except per share data)
INTEREST INCOME
Loans	$	118,115	$	127,736		$	369,366		$	394,286
Mortgage-backed securities	25,101		30,529			80,079			80,386
Investment securities and cash equivalents	2,168		3,266			6,446			10,988
	145,384		161,531			455,891			485,660
INTEREST EXPENSE
Customer accounts	20,903		27,581			66,868			89,765
FHLB advances and other borrowings	27,946		27,818			84,172			83,474
	48,849		55,399			151,040			173,239
Net interest income	96,535		106,132			304,851			312,421
Provision for loan losses	10,367		21,000			39,576			77,750
Net interest income after provision for loan losses	86,168		85,132			265,275			234,671
OTHER INCOME
Gain on sale of investments	—		—			—			8,147
Other	3,590		4,277			13,263			13,067
	3,590		4,277			13,263			21,214
OTHER EXPENSE
Compensation and benefits	19,281		18,471			58,141			54,018
Occupancy	3,952		3,628			11,977			10,780
FDIC insurance premiums	4,000		5,100			12,543			15,299
Other	8,730		6,975			24,479			21,677
	35,963		34,174			107,140			101,774
Gain (loss) on real estate acquired through foreclosure, net	1,146		(8,171		)	(11,005		)	(28,369		)
Income before income taxes	54,941		47,064			160,393			125,742
Income tax provision	19,778		16,943			57,742			45,267
NET INCOME	$	35,163	$	30,121		$	102,651		$	80,475
PER SHARE DATA
Basic earnings	$	0.33	$	0.27		$	0.96		$	0.72
Diluted earnings	0.33		0.27			0.96			0.72
Cash dividends per share	0.08		0.06			0.24			0.18
Basic weighted average number of shares outstanding	106,877,112		111,158,254			107,308,948			111,962,708
Diluted weighted average number of shares outstanding, including dilutive stock options	106,926,755		111,248,177			107,347,668			112,043,350

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended June 30,					Nine Months Ended June 30,
	2012			2011		2012			2011
	(In thousands)
Net income	$	35,163		$	30,121	$	102,651		$	80,475
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sales securities,
net of quarter-to-date tax of $1,422 and $14,154, and
year-to-date tax of $13,394 and $4,498, respectively	(2,447		)	24,360		(23,053		)	(12,895		)
Reclassification adjustment of net gain from sale
of available-for-sale securities included in net income	—			—		—			5,153
Other comprehensive income (loss)	(2,447		)	24,360		(23,053		)	(7,742		)
Comprehensive income	$	32,716		$	54,481	$	79,598		$	72,733

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended
	June 30, 2012			June 30, 2011
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	102,651		$	80,475
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	40,397			32,456
Cash received from FDIC under loss share	276			20,977
Depreciation	5,625			4,950
Stock option compensation expense	900			815
Provision for loan losses	39,576			77,750
Loss (gain) on real estate held for sale, net	(8,366		)	20,222
Increase in accrued interest receivable	(460		)	(2,853		)
Increase in FDIC loss share receivable	(5,742		)	(3,143		)
Increase in income taxes payable	9,345			3,575
Decrease in other assets	15,908			11,671
Increase (decrease) in accrued expenses and other liabilities	1,229			(25,175		)
Net cash provided by operating activities	201,339			221,720
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	372,802			336,426
FHLB stock redemptions	1,830			—
Available-for-sale securities purchased	(1,499,227		)	(1,279,983		)
Principal payments and maturities of available-for-sale securities	1,065,254			485,597
Available-for-sale securities sold	3,500			131,361
Principal payments and maturities of held-to-maturity securities	11,899			31,383
Net cash received from acquisition	50,576			—
Proceeds from sales of real estate held for sale	138,689			63,575
Proceeds from sales of covered REO	28,343			—
Increase in intangible assets	(1,061		)	—
Premises and equipment purchased	(14,157		)	(7,695		)
Net cash provided (used) by investing activities	158,448			(239,336		)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(118,505		)	(138,850		)
Net decrease in borrowings	(22,595		)	(2,551		)
Proceeds from exercise of common stock options	199			1,045
Dividends paid on common stock	(25,580		)	(20,232		)
Treasury stock purchased	(30,307		)	(36,620		)
Decrease in advance payments by borrowers for taxes and insurance	(15,235		)	(15,638		)
Net cash used by financing activities	(212,023		)	(212,846		)
Increase (decrease) in cash and cash equivalents	147,764			(230,462		)
Cash and cash equivalents at beginning of period	816,002			888,622
Cash and cash equivalents at end of period	$	963,766		$	658,160

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Nine Months Ended
	June 30, 2012			June 30, 2011
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	124,482		$	64,873
Covered real estate acquired through foreclosure	13,094			46,008
Cash paid during the period for
Interest	151,805			174,511
Income taxes	48,331			41,627
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	$	124,594		$	—
Fair value of liabilities assumed	(154,493		)	—
Net fair value of liabilities assumed	(29,899		)	—

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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 foreclosure of collateral. If foreclosed, the collateral is 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 weaknesses that it 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 June 30, 2012, excluding covered loans, of $155,051,000. The Company estimates losses on LIP by including LIP

8

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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 Company 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 Company 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 Company 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 were provisionally recorded at their estimated fair values as of the December 16, 2011 acquisition date. The initial accounting for acquired loans, real estate held for sale and deposits was incomplete as of December 31, 2011. The amounts recognized at December 31, 2011 were determined provisionally as the fair value analysis of those assets was incomplete as of December 31, 2011. These amounts have been retrospectively adjusted to reflect the completion of the fair value analysis during the quarter ended June 30, 2012. The adjustments recorded in the quarter ended June 30, 2012 were a decrease in acquired loans of $716,000, a decrease in real estate held for sale of $252,000 and an increase in other assets of $836,000 to reflect the core deposit intangible.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period December 16, 2011 to June 30, 2012.

The table below displays the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed:

9

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	Received from		Fair Value			Recorded by
	FDIC		Adjustments			WAFD
	(In thousands)
Assets:
Cash and cash equivalents	$	20,677	$	—		$	20,677
Available-for-sale securities	3,500		—			3,500
FHLB & FRB stock	1,744		4			1,748
Loans receivable, net	143,328		(49,637		)	93,691
Interest receivable	251		—			251
Property and equipment, net	—		—			—
Real estate held for sale	7,149		(3,462		)	3,687
Other assets	79		961			1,040
Total Assets	176,728		(52,134		)	124,594
Liabilities:
Customer accounts	135,783		—			135,783
FHLB advances	17,666		9			17,675
Other liabilities	40		995			1,035
Total Liabilities	153,489		1,004			154,493
Net assets (liabilities) acquired	$	23,239	$	(53,138	)	$	(29,899	)
Aggregate fair value adjustments			$	(53,138	)
Net liabilities acquired						$	(29,899	)
Cash received from the FDIC						29,899

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 and the satisfaction of other customary closing conditions. On June 28, 2012, the shareholders of South Valley approved the merger transaction, with over 82% of the outstanding shares of South Valley common stock voting in favor of the merger.

10

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

NOTE C – Dividends

On July 19, 2012, the Company paid its 118^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.06 for the quarters ended June 30, 2012 and 2011, respectively.

11

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	June 30, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,904,805	74.0	%	$	6,218,878	74.9	%
Construction - speculative	130,741		1.6		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	135,392		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2.0
Multi-family	692,763		8.7		700,673		8.4
Commercial real estate	310,588		3.9		303,442		3.7
Commercial & industrial	148,577		1.9		109,332		1.3
HELOC	113,559		1.4		115,092		1.4
Consumer	68,202		0.9		67,509		0.8
Total non-acquired loans	7,860,244		98.5		8,299,074		100
Credit-impaired acquired loans
Single-family residential	343		—		—		—
Construction - speculative	1,889		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,211		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,074		—		—		—
Commercial real estate	91,006		1.1		—		—
Commercial & industrial	5,100		0.1		—		—
HELOC	15,037		0.2		—		—
Consumer	115		—		—		—
Total credit-impaired acquired loans	118,775		1.5		—		—
Total loans
Single-family residential	5,905,148		74.0		6,218,878		74.9
Construction - speculative	132,630		1.7		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	139,603		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2
Multi-family	693,837		8.7		700,673		8.4
Commercial real estate	401,594		5.1		303,442		3.7
Commercial & industrial	153,677		1.9		109,332		1.3
HELOC	128,596		1.6		115,092		1.4
Consumer	68,317		0.9		67,509		0.8
Total loans	7,979,019		100	%	8,299,074		100	%
Less:
Allowance for probable losses	137,951				157,160
Loans in process	155,051				170,229
Discount on acquired loans	35,200				—
Deferred net origination fees	34,612				35,808
	362,814				363,197
	$	7,616,205			$	7,935,877

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

The following table presents the changes in the accretable yield for credit impaired acquired loans as of June 30, 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	(3,278		)	3,278
Transfers to REO	—			—
Payments received, net	—			(12,714		)
Balance as of June 30, 2012	$	18,328		$	83,545

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

	June 30, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	129,295	75.6	%	$	126,624	60.3	%
Construction - speculative	12,424		7.3		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	12,514		7.3		37,339		17.7
Land - consumer lot loans	5,844		3.4		8,843		4.2
Multi-family	3,405		2.0		7,664		3.6
Commercial real estate	6,285		3.7		11,380		5.4
Commercial & industrial	—		—		1,679		0.8
HELOC	388		0.2		481		0.2
Consumer	339		0.2		437		0.2
Total non-accrual loans	$	171,033	100	%	$	210,465	100	%

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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

June 30, 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	$	5,902,633	$	5,736,969	$	33,571	$	19,127	$	112,966	$	165,664	2.81	%
Construction - Speculative	94,930		87,134		899		509		6,388		7,796		8.21
Construction - Custom	123,965		123,382		1		43		539		583		0.47
Land - Acquisition & Development	127,953		114,563		234		3,226		9,930		13,390		10.46
Land - Consumer Lot Loans	145,037		136,545		1,753		895		5,844		8,492		5.86
Multi-Family	675,334		670,859		569		594		3,312		4,475		0.66
Commercial Real Estate	305,046		300,668		334		—		4,044		4,378		1.44
Commercial & Industrial	148,565		148,546		9		10		—		19		0.01
HELOC	113,559		112,824		29		318		388		735		0.65
Consumer	68,202		66,222		1,117		524		339		1,980		2.90
Total non-acquired loans	7,705,224		7,497,712		38,516		25,246		143,750		207,512		2.69
Credit-impaired acquired loans
Single-Family Residential	343		—		—		343		—		343		100.00
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,210		3,685		—		—		525		525		12.47
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,074		1,074		—		—		—		—		—
Commercial Real Estate	90,977		80,860		2,072		1,698		6,347		10,117		11.12
Commercial & Industrial	5,099		4,244		125		730		—		855		16.77
HELOC	15,037		13,912		1,125		—		—		1,125		7.48
Consumer	115		69		5		40		1		46		40.00
Total credit-impaired acquired loans	118,744		105,733		3,327		2,811		6,873		13,011		10.96
Total loans	$	7,823,968	$	7,603,445	$	41,843	$	28,057	$	150,623	$	220,523	2.82

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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

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 June 30, 2012, single-family residential loans comprised 83.2% 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 June 30,
	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	199	$	43,104	$	43,104	155	$	39,362	$	39,362
Construction - Speculative	—	—		—		1	337		337
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	—	—		—		3	4,427		4,427
Land - Consumer Lot Loans	8	965		965		9	1,335		1,335
Multi-Family	1	389		389		1	985		985
Commercial Real Estate	2	5,572		5,572		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	213	$	51,339	$	51,339	169	$	46,446	$	46,446

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	Nine Months Ended June 30,
	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	681	$	159,651	$	159,651	481	$	131,018	$	131,018
Construction - Speculative	22	6,253		6,253		2	529		529
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	26	5,565		5,565		3	4,427		4,427
Land - Consumer Lot Loans	30	3,906		3,906		34	5,175		5,175
Multi-Family	3	2,257		2,257		7	9,146		9,146
Commercial Real Estate	3	5,881		5,881		—	—		—
Commercial & Industrial	1	2		2		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	769	$	184,824	$	184,824	527	$	150,295	$	150,295

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 June 30,
	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	30	$	8,225	10	$	3,295
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	30	$	8,225	14	$	7,288

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	Nine Months Ended June 30,
	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	97	$	21,687	29	$	7,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	4	603		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	101	$	22,290	33	$	11,776

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.

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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

Quarter Ended June 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,875	$	(14,134	)	$	2,240	$	9,363		$	81,344
Construction - speculative	15,943		(2,288		)	86		(888		)	12,853
Construction - custom	384		—			—		(40		)	344
Land - acquisition & development	19,929		(1,519		)	533		(1,549		)	17,394
Land - consumer lot loans	7,712		(670		)	—		295			7,337
Multi-family	4,837		—			279		(278		)	4,838
Commercial real estate	2,869		(206		)	148		337			3,148
Commercial & industrial	4,427		(69		)	70		2,535			6,963
HELOC	969		(147		)	6		144			972
Consumer	2,874		(955		)	391		448			2,758
	$	143,819	$	(19,988	)	$	3,753	$	10,367		$	137,951

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 a $10,367,000 provision for loan losses during the quarter ended June 30, 2012, while a $21,000,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $278,490,000, or 2.07%, of total assets at June 30, 2012, compared to $394,679,000, or 2.96%, of total assets one year ago. Acquired loans, including covered loans, are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended June 30, 2012. Non-accrual loans decreased from $232,752,000 at June 30, 2011, to $171,033,000 at June 30, 2012, a 26.5% decrease. The Company had net charge-offs of $16,235,000 for the quarter ended June 30, 2012, compared with $23,519,000 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. The percentage of loans 30 days or more delinquent decreased from 3.66% at June 30, 2011, to 2.69% at June 30, 2012. Delinquencies in the single-family residential portfolio, the largest portion of the loan portfolio, decreased from 3.43% at June 30, 2011, to 2.81% at June 30, 2012. In addition to these improving asset quality trends, real estate values are beginning to increase in most of the Company's primary markets. As a result, the Company recorded a smaller provision for loan losses in the current quarter as compared to the same quarter one year ago. $116,164,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $21,787,000 was made up of specific reserves on loans that were deemed to be impaired at June 30, 2012. For the period ending June 30, 2011,

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

$114,159,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $46,940,000 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 a still weak macro economic environment which may negatively impact 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 June 30, 2012 and September 30, 2011:

June 30, 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	$	80,437	$	5,823,964	1.4	%	$	907	$	80,842	1.1	%
Construction - speculative	8,615		98,980		8.7		4,238		31,760		13.3
Construction - custom	344		210,488		0.2		—		—		—
Land - acquisition & development	5,777		40,803		14.2		11,617		94,589		12.3
Land - consumer lot loans	6,447		142,712		4.5		890		2,417		36.8
Multi-family	2,728		671,837		0.4		2,110		20,927		10.1
Commercial real estate	1,136		286,779		0.4		2,012		23,808		8.5
Commercial & industrial	6,950		147,394		4.7		13		1,183		1.1
HELOC	972		113,559		0.9		—		—		—
Consumer	2,758		68,202		4.0		—		—		—
	$	116,164	$	7,604,718	1.5		$	21,787	$	255,526	8.5

 ___________________

(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 June 30, 2012 and

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

September 30, 2011:

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

June 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,714,905		$	299		$	189,601		$	—		$	—		$	5,904,805
Construction - speculative	80,542			6,695			43,504			—			—			130,741
Construction - custom	210,488			—			—			—			—			210,488
Land - acquisition & development	42,907			21,935			70,550			—			—			135,392
Land - consumer lot loans	144,658			356			115			—			—			145,129
Multi-family	660,948			7,574			24,241			—			—			692,763
Commercial real estate	271,050			4,608			34,930			—			—			310,588
Commercial & industrial	146,075			352			2,150			—			—			148,577
HELOC	113,559			—			—			—			—			113,559
Consumer	67,301			528			373			—			—			68,202
	7,452,433			42,347			365,464			—			—			7,860,244
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,514			—			3,587			—			—			6,101
Pool 2 - Single-family residential	343			—			—			—			—			343
Pool 3 - Multi-family	—			—			1,074			—			—			1,074
Pool 4 - HELOC & other consumer	15,151			—			—			—			—			15,151
Pool 5 - Commercial real estate	52,223			5,493			32,257			1,033			—			91,006
Pool 6 - Commercial & industrial	2,548			805			1,343			404			—			5,100
Total credit impaired acquired loans	72,779			6,298			38,261			1,437			—			118,775
Total gross loans	$	7,525,212		$	48,645		$	403,725		$	1,437		$	—		$	7,979,019
Total grade as a % of total gross loans	94.3		%	0.6		%	5.1		%	—		%	—		%

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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):

June 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,775,510	97.8	%	$	129,295	2.2	%
Construction - speculative	118,317		90.5		12,424		9.5
Construction - custom	209,949		99.7		539		0.3
Land - acquisition & development	122,878		90.8		12,514		9.2
Land - consumer lot loans	139,285		96.0		5,844		4.0
Multi-family	689,358		99.5		3,405		0.5
Commercial real estate	304,303		98.0		6,285		2.0
Commercial & industrial	148,577		100.0		—		—
HELOC	113,171		99.7		388		0.3
Consumer	67,863		99.5		339		0.5
	$	7,689,211	97.8		$	171,033	2.2

21

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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	%

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

22

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

								Average Recorded Investment
June 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	76,505	$	94,492	$	—		$	60,077	$	33,103
Construction - speculative	14,041		16,819		—			15,463		13,697
Construction - custom	—		157		—			—		—
Land - acquisition & development	16,213		35,449		—			16,422		18,025
Land - consumer lot loans	794		1,000		—			438		219
Multi-family	8,276		8,484		—			7,889		6,638
Commercial real estate	26,038		39,965		—			14,982		7,962
Commercial & industrial	1,568		13,265		—			885		443
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	143,525		212,709		—			116,239		80,129
With an allowance recorded:
Single-family residential	345,103		345,103		25,796			334,249		333,820
Construction - speculative	14,602		14,602		4,238			14,600		14,519
Construction - custom	—		—		—			—		—
Land - acquisition & development	26,985		26,984		11,617			27,232		27,966
Land - consumer lot loans	1,622		1,622		890			811		406
Multi-family	11,312		11,312		2,110			11,332		11,367
Commercial real estate	7,269		7,269		2,012			6,912		6,656
Commercial & industrial	13		13		13			18		28
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	406,906		406,905		46,676		(1)	395,154		394,762
Total:
Single-family residential	421,608		439,595		25,796			394,326		366,923
Construction - speculative	28,643		31,421		4,238			30,063		28,216
Construction - custom	—		157		—			—		—
Land - acquisition & development	43,198		62,433		11,617			43,654		45,991
Land - consumer lot loans	2,416		2,622		890			1,249		625
Multi-family	19,588		19,796		2,110			19,221		18,005
Commercial real estate	33,307		47,234		2,012			21,894		14,618
Commercial & industrial	1,581		$	13,278	13			903		471
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	$	550,431	$	619,614	$	46,676	(1)	$	511,393	$	474,891

____________________ 

(1)Includes $21,787,000 of specific reserves and $24,889,000 included in the general reserves.

23

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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.

24

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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.

In July 2012, the FASB issued ASU 2012-02, Intangibles - Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. The objective of this ASU is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. This ASU permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. Previous guidance in Subtopic 350-30 required an entity to test indefinite-lived intangible assets for impairment, on at least an annual basis, by comparing the fair value of the asset with its carrying amount. If the fair value of the asset is less than its carrying amount, an entity should recognize an impairment loss in the amount of the difference. In accordance with the amendments in this ASU, an entity will have an option not to calculate annually the fair value of an indefinite-lived intangible asset if the entity determines that it is not more likely than not that the asset is impaired. Permitting an entity to assess qualitative factors when testing indefinite-lived intangible assets for impairment results in guidance that is similar to the goodwill impairment testing guidance in Update 2011-08. The Company early adopted this ASU and the guidance had no impact on the Company's financial condition and results of operations.

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.

25

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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 June 30, 2012:

	Fair Value at June 30, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		114,141		—		114,141
Obligations of states and political subdivisions	—		24,001		—		24,001
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		303,214		—		303,214
Mortgage-backed securities					—
Agency pass-through certificates	—		3,184,759		—		3,184,759
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,626,115	$	—	$	3,626,115

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended June 30, 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 June 30, 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 June 30, 2012, and the total losses resulting from those fair value adjustments for the quarter and nine months ended June 30, 2012. The following estimated fair values are shown gross of estimated selling costs:

26

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	Through June 30, 2012								Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	133,929	$	133,929	$	13,459	$	36,291
Covered REO (2)	—		—		32,817		32,817		923		2,124
Real estate held for sale (2)	—		—		157,547		157,547		21,756		61,100
Balance at end of period	$	—	$	—	$	324,293	$	324,293	$	36,138	$	99,515

 ___________________

(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 June 30, 2012.

The following describes the process used to value Level 3 assets measured on a nonrecurring basis:

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

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for loan loss ("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 ("REO") - These assets are valued based on inputs such as appraisals and third-party price opinions, less estimated selling costs. Assets that are acquired through foreclosure are recorded initially at the lower of the loan balance or fair value at the date of foreclosure. After foreclosure, valuations are updated periodically, and current market conditions my require the assets to be written down further to a new cost basis. The following method is used to value real estate held for sale:

• When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include a third-party appraisal, which is used to establish the fair value of the underlying collateral. The determined fair value, to the extent it does not exceed the carrying value of the loan, becomes the carrying value of the REO asset. In addition to the valuations from independent third-party sources, the carrying balance of REO 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 REO asset. The fair value of REO assets is re-evaluated quarterly and the REO asset is adjusted to reflect the lower of cost or fair value as necessary.

Fair Values of Financial Instruments

27

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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.

		June 30, 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	$	963,766	$	963,766	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		114,141		114,141		190,527		190,527
Obligations of states and political subdivisions		24,001		24,001		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		303,214		303,214		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,184,759		3,184,759		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,626,115		3,626,115		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		812		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		34,433		37,215		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		35,228		38,027		47,036		50,616
Loans receivable	3	7,616,205		8,262,700		7,935,877		8,479,307
Covered loans	3	302,681		304,420		382,183		375,027
FDIC indemnification asset	3	97,380		95,138		98,871		101,751
FHLB stock	2	151,674		151,674		151,755		151,755
Financial liabilities
Customer accounts	2	8,683,181		8,500,515		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,757,146		3,097,509		2,762,066		3,038,127

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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:

29

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	June 30, 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	$	36	$	—		$	536	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	109,300		4,330		(25		)	113,605		1.34
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	273,658		350		(58		)	273,950		0.87
5 to 10 years	30,000		464		(1,200		)	29,264		4.00
Municipal bonds due
Over 10 years	20,446		3,555		—			24,001		6.45
Mortgage-backed securities
Agency pass-through certificates	3,093,024		94,775		(3,040		)	3,184,759		4.48
	3,526,928		103,510		(4,323		)	3,626,115		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		17		—			812		5.72
1 to 5 years	—		—		—			—		—
5 to 10 years	—		—		—			—		—
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	34,433		2,782		—			37,215		5.31
	35,228		2,799		—			38,027		5.32
	$	3,562,156	$	106,309	$	(4,323	)	$	3,664,142	4.12	%

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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 June 30, 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 June 30, 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 June 30, 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	$	(1,258	)	$	32,400	$	—		$	—	$	(1,258	)	$	32,400
U.S. government and agency securities due	(25		)	99,975		—			—		(25		)	99,975
Agency pass-through certificates	(2,787		)	401,777		(253		)	33,822		(3,040		)	435,599
	(4,070		)	$	534,152	$	(253	)	$	33,822	(4,323		)	$	567,974

31

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

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 and were $335,823,000 as of June 30, 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:

June 30, 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	(15,142		)	15,142			(4,939		)	4,939
Transfers to REO	—			(13,094		)	—			—
Payments received, net	—			(43,361		)	—			(46,894		)
Balance at end of period	$	21,930		$	74,748		$	25,431		$	227,933

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 June 30, 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 $399,768,000 and $495,358,000 as of June 30, 2012 and September 30, 2011, respectively. The discount balance related to the acquired loans was $93,321,000 and $109,409,000 as of June 30, 2012 and September 30, 2011, respectively.

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

32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 2012 AND 2011

(UNAUDITED)

	June 30, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	5,742			10,470
Payments made (received)	(276		)	(32,828		)
Amortization	(11,023		)	(10,239		)
Accretion	1,303			3,103
Balance at end of period	$	97,380		$	101,634

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

Credit Risk Profile by Internally Assigned Grade:

June 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	34,874		$	—		$	3,868		$	—		$	—		$	38,742
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	4,623			2,669			6,031			—			—			13,323
Land - consumer lot loans	503			—			—			—			—			503
Multi-family	29,347			—			2,754			—			—			32,101
Commercial real estate	93,387			1,104			30,843			—			—			125,334
Commercial & industrial	6,953			917			6,707			—			—			14,577
HELOC	19,307			—			—			—			—			19,307
Consumer	973			—			—			—			—			973
	189,967			4,690			50,203			—			—			244,860
Total grade as a % of total net loans	77.6		%	1.9		%	20.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,807			5,865			39,582			—			—			55,254
Pool 2 - Single-family residential	379			—			3,959			—			—			4,338
Pool 3 - Multi-family	—			3,019			—			—			—			3,019
Pool 4 - HELOC & other consumer	1,171			—			3,469			—			—			4,640
Pool 5 - Commercial real estate	408			27,739			42,447			—			—			70,594
Pool 6 - Commercial & industrial	3,881			1,497			11,685			—			—			17,063
	$	15,646		$	38,120		$	101,142		$	—		$	—		154,908
													Total covered loans			399,768
													Discount			(93,321		)
													Allowance			(3,766		)
													Covered loans, net			$	302,681

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND NINE MONTHS ENDED JUNE 30, 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 June 30, 2012 and September 30, 2011:

June 30, 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	$	38,742	$	36,523	$	81	$	—	$	2,138	$	2,219	5.73	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	13,323		12,847		476		—		—		476		3.57
Land - Consumer Lot Loans	503		405		—		—		98		98		19.48
Multi-Family	32,101		30,593		—		—		1,508		1,508		4.70
Commercial Real Estate	125,334		123,411		—		—		1,923		1,923		1.53
Commercial & Industrial	14,577		11,094		30		—		3,453		3,483		23.89
HELOC	19,307		18,814		18		244		231		493		2.55
Consumer	973		961		1		11		—		12		1.23
	$	244,860	$	234,648	$	606	$	255	$	9,351	$	10,212	4.17	%

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

35

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 The Comptroller of the Currency. 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 June 30, 2012, the Company had approximately $1.18 billion more liabilities subject to repricing in the next year than assets, which amounted to a negative one-year maturity gap of 8.8% 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 account 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 1.35%. 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 expected cash flows from interest-earning assets and the present value of expected cash flows from interest-paying 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 $451 million and the NPV to total assets ratio to decline to 12.78%. 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 2.88% at June 30, 2012 from 3.13% at September 30, 2011. The spread decreased due to a decline in the average rate on earning assets. As of June 30, 2012, the weighted average rate on earning assets decreased by 40 basis points compared to September 30, 2011, while the weighted average rates on customer deposit accounts and borrowings

36

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 15 basis points over the same period.

As of June 30, 2012, the Company had increased total assets by $24,600,000 from $13,440,749,000 at September 30, 2011. For the quarter ended June 30, 2012, compared to September 30, 2011, loans (both non-covered and covered) decreased $399,174,000, or 4.8%. To help offset the reduced income from loans, investment securities increased $359,163,000, or 10.9%. Cash and cash equivalents of $963,766,000 and stockholders’ equity of $1,933,281,000 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s net worth at June 30, 2012 was $1,933,281,000, or 14.36% of total assets. This was an increase of $26,748,000 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 nine months ended June 30, 2012 by net income of $102,651,000, the payment of $25,580,000 in cash dividends, treasury stock purchases that totaled $30,307,000, as well as a decrease in other comprehensive income of $23,053,000.

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)
June 30, 2012
Total capital to risk-weighted assets	$	1,646,427	26.43	%	$	498,333	8.00	%	$	622,917	10.00	%
Tier I capital to risk-weighted assets	1,567,757		25.17	%	N/A		N/A		373,750		6.00	%
Core capital to adjusted tangible assets	1,567,757		11.87	%	N/A		N/A		660,630		5.00	%
Core capital to total assets	1,567,757		11.87	%	528,504		4.00	%	N/A		N/A
Tangible capital to tangible assets	1,567,757		11.87	%	528,504		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 $370,971,000, or 11.4%, during the nine months ended June 30, 2012, which included the purchase of $1,499,227,000 of available-for-sale securities. There were $3,500,000 of available-for-sale securities sold during the nine months ended June 30, 2012, resulting in no gain or loss. During the same period, there were no purchases or sales of held-to-maturity securities. As of June 30, 2012, the Company had net unrealized gains on available-for-sale securities of $62,736,000, 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 nine months ended June 30, 2012, the balance of loans receivable decreased 4.0% to $7,616,205,000 compared to $7,935,877,000 at September 30, 2011. This decrease is consistent with management’s strategy to reduce the 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, $124,482,000 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

37

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

table shows the loan portfolio by category for the last three quarters.

Loan Portfolio by Category *	December 31, 2011				March 31, 2012				June 30, 2012
Non-Acquired loans	(In thousands)
Single-family residential	$	6,079,712	74.0	%	$	5,971,540	74.0	%	$	5,904,805	74.0	%
Construction - speculative	129,766		1.6		128,719		1.6		130,741		1.6
Construction - custom	271,227		3.3		235,566		3.3		210,488		2.6
Land - acquisition & development	171,678		2.1		151,967		2.1		135,392		1.7
Land - consumer lot loans	154,874		1.9		149,967		1.9		145,129		1.8
Multi-family	687,367		8.4		686,467		8.4		692,763		8.7
Commercial real estate	308,529		3.8		293,234		3.8		310,588		3.9
Commercial & industrial	85,463		1.0		94,919		1.0		148,577		1.9
HELOC	113,781		1.4		113,368		1.4		113,559		1.4
Consumer	63,106		0.8		71,081		0.8		68,202		0.9
Total non-acquired loans	8,065,503		98.3		7,896,828		98.3		7,860,244		98.5
Credit-impaired acquired loans
Single-family residential	2,778		—		2,093		—		343		—
Construction - speculative	354		—		139		—		1,889		—
Land - acquisition & development	4,287		0.1		4,490		0.1		4,211		0.1
Multi-family	1,782		—		1,229		—		1,074		—
Commercial real estate	106,345		1.3		101,254		1.3		91,006		1.1
Commercial & industrial	8,849		0.1		7,765		0.1		5,100		0.1
HELOC	18,308		0.2		17,215		0.2		15,037		0.2
Consumer	137		—		125		—		115		—
Total credit-impaired acquired loans	142,840		1.7		134,310		1.7		118,775		1.5
Total loans
Single-family residential	6,082,490		74.0		5,973,633		74.0		5,905,148		74.0
Construction - speculative	130,120		1.6		128,858		1.6		132,630		1.7
Construction - custom	271,227		3.3		235,566		3.3		210,488		2.6
Land - acquisition & development	175,965		2.2		156,457		2.2		139,603		1.7
Land - consumer lot loans	154,874		1.9		149,967		1.9		145,129		1.8
Multi-family	689,149		8.4		687,696		8.4		693,837		8.7
Commercial real estate	414,874		5.1		394,488		5.1		401,594		5.1
Commercial & industrial	94,312		1.1		102,684		1.1		153,677		1.9
HELOC	132,089		1.6		130,583		1.6		128,596		1.6
Consumer	63,243		0.8		71,206		0.8		68,317		0.9
Total loans	8,208,343		100	%	8,031,138		100	%	7,979,019		100	%
Less:
Allowance for probable losses	154,540				143,819				137,951
Loans in process	159,437				133,379				155,051
Discount on acquired loans	48,929				43,687				35,200
Deferred net origination fees	35,362				34,236				34,612
	398,268				355,121				362,814
	$	7,810,075			$	7,676,017			$	7,616,205

 ____________________

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

* Excludes covered loans

Covered loans: As of June 30, 2012, covered loans had decreased 20.8%, or $79,502,000, to $302,681,000, 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 discounted acquired assets, decreased during the quarter ended June 30, 2012 to $278,490,000 from $370,294,000 at September 30, 2011, a 24.8% 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 2.07% at June 30, 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.

39

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

	June 30, 2012					September 30, 2011
	(In thousands)
Restructured loans:
Single-family residential	$	360,150		83.2	%	$	309,372		82.0	%
Construction - speculative	15,875			3.7		15,481			4.1
Construction - custom	1,196			0.3		—			—
Land - acquisition & development	17,075			3.9		18,033			4.8
Land - consumer lot loans	14,107			3.3		13,124			3.5
Multi - family	17,007			3.9		19,046			5.0
Commercial real estate	7,049			1.6		1,435			0.4
Commercial & industrial	2			—		828			0.2
HELOC	290			0.1		177			—
Consumer	—			—		—			—
Total restructured loans (1)	432,751			100	%	377,496			100	%
Non-accrual loans:
Single-family residential	129,295			75.6	%	126,624			60.3	%
Construction - speculative	12,424			7.3		15,383			7.3
Construction - custom	539			0.3		635			0.3
Land - acquisition & development	12,514			7.3		37,339			17.7
Land - consumer lot loans	5,844			3.4		8,843			4.2
Multi-family	3,405			2.0		7,664			3.6
Commercial real estate	6,285			3.7		11,380			5.4
Commercial & industrial	—			—		1,679			0.8
HELOC	388			0.2		481			0.2
Consumer	339			0.2		437			0.2
Total non-accrual loans (2)	171,033			100	%	210,465			100	%
Total REO (3)	88,231					129,175
Total REHI (3)	19,226					30,654
Total non-performing assets	$	278,490				$	370,294
Total non-performing assets and performing restructured loans as a percentage of total assets	5.03		%			5.14		%
(1)    Restructured loans were as follows:
Performing	$	399,299		92.3	%	$	320,018		84.8	%
Non-accrual *	33,452			7.7		57,478			15.2
	$	432,751		100	%	$	377,496		100	%

* Included in "Total non-accrual loans" above

(2) The Company recognized interest income on nonaccrual loans of approximately $2,224,000 in the nine months ended June 30, 2012. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $7,891,000 for the nine months ended June 30, 2012.

In addition to the nonaccrual loans reflected in the above table, at June 30, 2012, the Company had $156,281,000 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 6.19% at June 30, 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.

40

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 83.2% of restructured loans as of June 30, 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.

	June 30, 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	$	81,344	75.1	%	1.4	%	$	83,307	74.9	%	1.3	%
Construction - speculative	12,853		1.7		9.8		13,828		1.7		9.8
Construction - custom	344		2.7		0.2		623		3.4		0.2
Land - acquisition & development	17,394		1.7		12.8		32,719		2.4		16.3
Land - consumer lot loans	7,337		1.8		5.1		5,520		2.0		40.0
Multi-family	4,838		8.8		0.7		7,623		8.4		1.1
Commercial real estate	3,148		4.0		1.0		4,331		3.7		1.4
Commercial & industrial	6,963		1.9		4.7		5,099		1.3		4.7
HELOC	972		1.4		0.9		1,139		1.4		1.0
Consumer	2,758		0.9		4.0		2,971		0.8		4.4
	$	137,951	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 $17,278,000, or 0.20%, to $8,683,181,000 at June 30, 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:

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Deposits by Type

	June 30, 2012						September 30, 2011
	(In thousands)
					Wtd. Avg. Rate						Wtd. Avg. Rate
Non-interest checking	$	272,819	3.1	%	—	%	$	235,146	2.7	%	—	%
Interest checking	595,208		6.9		0.14	%	543,907		6.3		0.13	%
Savings (passbook/stmt)	300,182		3.5		0.20	%	255,396		2.9		0.20	%
Money Market	1,700,233		19.5		0.26	%	1,627,739		18.8		0.26	%
CD’s	5,814,739		67.0		1.32	%	6,003,715		69.3		1.55	%
Total	$	8,683,181	100	%	0.95	%	$	8,665,903	100	%	1.14	%

FHLB advances and other borrowings: Total borrowings decreased slightly to $2,757,146,000 at June 30, 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.

42

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 June 30, 2012, produced net income of $35,163,000 compared to $30,121,000 for the same quarter one year ago. For the nine months ended June 30, 2012, net income totaled $102,651,000 compared to $80,475,000 for the nine months ended June 30, 2011. The net income for the quarter and nine months ended June 30, 2012 benefited from overall lower credit costs, which included the provision for loan losses, and gains/losses on sales of REO. The provision for loan losses amounted to $10,367,000 and $39,576,000 for the quarter and nine months ended June 30, 2012, as compared to $21,000,000 and $77,750,000 for the three and nine 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, gains/losses recognized on real estate acquired through foreclosure was a net gain of $1,146,000 for the three months ended June 30, 2012 and a net loss of $11,005,000 for the nine months ended June 30, 2012 as compared to net losses of $8,171,000 and $28,369,000 for the three and nine 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 6/30/12 and 6/30/11									Comparison of Nine Months Ended 6/30/12 and 6/30/11
	Volume			Rate			Total			Volume			Rate			Total
	(In thousands)
Interest income:
Loans and covered loans	$	(8,563	)	$	(1,058	)	$	(9,621	)	$	(26,116	)	$	1,196		$	(24,920	)
Mortgaged-backed securities	5,015			(10,443		)	(5,428		)	22,801			(23,108		)	(307		)
Investments (1)	822			(1,920		)	(1,098		)	(214		)	(4,328		)	(4,542		)
All interest-earning assets	(2,726		)	(13,421		)	(16,147		)	(3,529		)	(26,240		)	(29,769		)
Interest expense:
Customer accounts	13			(6,691		)	(6,678		)	(554		)	(22,343		)	(22,897		)
FHLB advances and other borrowings	960			(832		)	128			3,066			(2,368		)	698
All interest-bearing liabilities	973			(7,523		)	(6,550		)	2,512			(24,711		)	(22,199		)
Change in net interest income	$	(3,699	)	$	(5,898	)	$	(9,597	)	$	(6,041	)	$	(1,529	)	$	(7,570	)

___________________ 

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

Provision for Loan Losses: The Company recorded a $10,367,000 provision for loan losses during the quarter ended June 30, 2012, while a $21,000,000 provision was recorded for the same quarter one year ago. Non-performing assets amounted to $278,490,000, or 2.07% , of total assets at June 30, 2012, compared to $394,679,000, or 2.96%, of total assets one year ago. Non-accrual loans decreased from $232,752,000 at June 30, 2011, to $171,033,000 at June 30, 2012, a 26.5% decrease. The Company had net charge-offs of $16,235,000 for the quarter ended June 30, 2012, compared with $23,519,000 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 2.9% at June 30, 2011, to 2.25% at June 30, 2012; third, the percentage of loans 30 days or more delinquent decreased from from 3.66% at June 30, 2011, to 2.69% at June 30, 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 4.5% of the gross loan portfolio at June 30, 2011, to 3.4% at June 30, 2012. Management believes the allowance for loan losses, totaling $137,951,000, is sufficient to absorb

43

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

estimated losses inherent in the portfolio.

See Note F for further discussion and analysis of the allowance for loan losses for the quarter ended June 30, 2012.

Other Income: The quarter ended June 30, 2012 produced total other income of $3,590,000 compared to $4,277,000 for the same quarter one year ago, a decrease of $687,000.

Other Expense: The quarter ended June 30, 2012, produced total other expense of $35,963,000 compared to $34,174,000 for the same quarter one year ago, a 5.2% increase. The increase in total other expense over the same comparable period one year ago was primarily due to the increase of $810,000 in compensation and benefits, which, for the quarter ended June 30, 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 $324,000 and $1,755,000 respectively, for the quarter ended June 30, 2012 as compared to the prior year. Total other expense for the quarters ended June 30, 2012 and 2011 equaled 1.06% and 1.02%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,237 and 1,215 at June 30, 2012 and 2011, respectively.

Taxes: Income taxes increased to $19,778,000 for the quarter ended June 30, 2012, as compared to $16,943,000 for the same period one year ago. The effective tax rate for the quarters ended June 30, 2012 and 2011, 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.

44

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

45

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 June 30, 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
April 1, 2012 to April 30, 2012	—	$	—	—	6,908,314
May 1, 2012 to May 31, 2012	—	—		—	6,908,314
June 1, 2012 to June 30, 2012	—	—		—	6,908,314
Total	—	$	—	—	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.

46

	Fiscal Years Ended September 30,
	2011		2010			2009
	(In thousands)
Net income	$	111,141	$	118,653		$	48,172
Other comprehensive income (loss) 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 (loss)	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 nine months ended June 30, 2012 formatted in XBRL

47

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.

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

48

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:	August 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:	August 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 June 30, 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: August 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

Fair Value Measurements (Securities in Unrealized Loss Positions) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ (4,070)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	534,152
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(253)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	33,822
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(4,323)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	567,974
Corporate Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(1,258)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	32,400
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	(1,258)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	32,400
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	(25)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	99,975
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	(25)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	99,975
Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(2,787)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	401,777
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(253)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	33,822
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(3,040)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 435,599

XML

Allowance for Losses on Loans (Internally Assigned Grade) (Details) (USD $)	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2012 Pass [Member]	Sep. 30, 2011 Pass [Member]	Jun. 30, 2012 Special Mention [Member]	Sep. 30, 2011 Special Mention [Member]	Jun. 30, 2012 Substandard [Member]	Sep. 30, 2011 Substandard [Member]	Jun. 30, 2012 Doubtful [Member]	Sep. 30, 2011 Doubtful [Member]	Jun. 30, 2012 Loss [Member]	Sep. 30, 2011 Loss [Member]	Jun. 30, 2012 Nonperforming Financing Receivable [Member]	Jun. 30, 2011 Nonperforming Financing Receivable [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 Non-Acquired Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Residential Portfolio Segment [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Residential Portfolio Segment [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Construction, Speculative [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Speculative [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Construction, Custom [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Construction, Custom [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Land, Acquisition and Development [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Acquisition and Development [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Land, Consumer Lot Loans [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Multi Family Housing [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Multi Family Housing [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Commercial and Industrial Loans [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Home Equity Line of Credit [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Home Equity Line of Credit [Member] Loss [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member]	Sep. 30, 2011 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Pass [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Special Mention [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Substandard [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Doubtful [Member]	Jun. 30, 2012 Non-Acquired Loans [Member] Consumer Portfolio Segment [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Residential Portfolio Segment [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Construction, Speculative [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Multi Family Housing [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial Real Estate Portfolio Segment [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Commercial and Industrial Loans [Member] Loss [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Pass [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Special Mention [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Substandard [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Doubtful [Member]	Jun. 30, 2012 Acquired Credit Impaired Loans [Member] Home Equity Line of Credit [Member] Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 7,979,019,000	$ 8,299,074,000	$ 7,525,212,000	$ 7,804,613,000	$ 48,645,000	$ 76,285,000	$ 403,725,000	$ 415,550,000	$ 1,437,000	$ 2,245,000	$ 0	$ 381,000	$ 278,490,000	$ 394,679,000	$ 5,905,148,000	$ 6,218,878,000	$ 6,047,279,000	$ 0	$ 171,599,000	$ 0	$ 0	$ 132,630,000	$ 140,459,000	$ 56,485,000	$ 21,035,000	$ 62,939,000	$ 0	$ 0	$ 210,488,000	$ 279,851,000	$ 279,851,000	$ 0	$ 0	$ 0	$ 0	$ 139,603,000	$ 200,692,000	$ 44,888,000	$ 44,840,000	$ 110,964,000	$ 0	$ 0	$ 145,129,000	$ 163,146,000	$ 162,670,000	$ 0	$ 476,000	$ 0	$ 0	$ 693,837,000	$ 700,673,000	$ 663,582,000	$ 4,629,000	$ 32,462,000	$ 0	$ 0	$ 401,594,000	$ 303,442,000	$ 264,083,000	$ 4,125,000	$ 35,234,000	$ 0	$ 0	$ 153,677,000	$ 109,332,000	$ 104,171,000	$ 1,128,000	$ 1,407,000	$ 2,245,000	$ 381,000	$ 128,596,000	$ 115,092,000	$ 115,092,000	$ 0	$ 0	$ 0	$ 0	$ 68,317,000	$ 67,509,000	$ 66,512,000	$ 528,000	$ 469,000	$ 0	$ 0	$ 7,860,244,000	$ 8,299,074,000	$ 7,452,433,000	$ 42,347,000	$ 365,464,000	$ 0	$ 0	$ 5,904,805,000	$ 6,218,878,000	$ 5,714,905,000	$ 299,000	$ 189,601,000	$ 0	$ 0	$ 130,741,000	$ 140,459,000	$ 80,542,000	$ 6,695,000	$ 43,504,000	$ 0	$ 0	$ 210,488,000	$ 279,851,000	$ 210,488,000	$ 0	$ 0	$ 0	$ 0	$ 135,392,000	$ 200,692,000	$ 42,907,000	$ 21,935,000	$ 70,550,000	$ 0	$ 0	$ 145,129,000	$ 163,146,000	$ 144,658,000	$ 356,000	$ 115,000	$ 0	$ 0	$ 692,763,000	$ 700,673,000	$ 660,948,000	$ 7,574,000	$ 24,241,000	$ 0	$ 0	$ 310,588,000	$ 303,442,000	$ 271,050,000	$ 4,608,000	$ 34,930,000	$ 0	$ 0	$ 148,577,000	$ 109,332,000	$ 146,075,000	$ 352,000	$ 2,150,000	$ 0	$ 0	$ 113,559,000	$ 115,092,000	$ 113,559,000	$ 0	$ 0	$ 0	$ 0	$ 68,202,000	$ 67,509,000	$ 67,301,000	$ 528,000	$ 373,000	$ 0	$ 0	$ 118,775,000	$ 72,779,000	$ 6,298,000	$ 38,261,000	$ 1,437,000	$ 0	$ 343,000	$ 343,000	$ 0	$ 0	$ 0	$ 0	$ 6,101,000	$ 2,514,000	$ 0	$ 3,587,000	$ 0	$ 0	$ 1,074,000	$ 0	$ 0	$ 1,074,000	$ 0	$ 0	$ 91,006,000	$ 52,223,000	$ 5,493,000	$ 32,257,000	$ 1,033,000	$ 0	$ 5,100,000	$ 2,548,000	$ 805,000	$ 1,343,000	$ 404,000	$ 0	$ 15,151,000	$ 15,151,000	$ 0	$ 0	$ 0	$ 0
Grade as percentage of total gross loans			94.30%	94.10%	0.60%	0.90%	5.10%	5.00%	0.00%	0.00%	0.00%	0.00%	2.07%	2.96%

XML

Dividends (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Dividends [Abstract]
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.06	$ 0.24	$ 0.18

XML

Covered Assets (Aging Analysis of Non-Credit Impaired Loans) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 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	244,860	292,421
Loans and Leases Receivable, Covered Loans, Current	234,648	273,600
Loans and Leases Receivable, Covered Loans, 30 Days	606	7,432
Loans and Leases Receivable, Covered Loans, 60 Days	255	1,132
Loans and Leases Receivable, Covered Assets, 90 Days	9,351	10,257
Loans and Leases Receivable, Covered Assets, Past Due	10,212	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	4.17%	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	38,742	46,214
Loans and Leases Receivable, Covered Loans, Current	36,523	43,445
Loans and Leases Receivable, Covered Loans, 30 Days	81	1,034
Loans and Leases Receivable, Covered Loans, 60 Days	0	30
Loans and Leases Receivable, Covered Assets, 90 Days	2,138	1,705
Loans and Leases Receivable, Covered Assets, Past Due	2,219	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	5.73%	5.99%
Acquired Non Impaired Assets [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	0	1,315
Loans and Leases Receivable, Covered Loans, Current	0	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	13,323	15,058
Loans and Leases Receivable, Covered Loans, Current	12,847	13,344
Loans and Leases Receivable, Covered Loans, 30 Days	476	487
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	0	1,227
Loans and Leases Receivable, Covered Assets, Past Due	476	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	3.57%	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	503	654
Loans and Leases Receivable, Covered Loans, Current	405	527
Loans and Leases Receivable, Covered Loans, 30 Days	0	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	98	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	19.48%	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	32,101	34,906
Loans and Leases Receivable, Covered Loans, Current	30,593	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	4.70%	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	125,334	148,464
Loans and Leases Receivable, Covered Loans, Current	123,411	142,060
Loans and Leases Receivable, Covered Loans, 30 Days	0	1,527
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	1,923	4,877
Loans and Leases Receivable, Covered Assets, Past Due	1,923	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	1.53%	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	14,577	22,881
Loans and Leases Receivable, Covered Loans, Current	11,094	18,049
Loans and Leases Receivable, Covered Loans, 30 Days	30	3,606
Loans and Leases Receivable, Covered Loans, 60 Days	0	703
Loans and Leases Receivable, Covered Assets, 90 Days	3,453	523
Loans and Leases Receivable, Covered Assets, Past Due	3,483	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	23.89%	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	19,307	21,730
Loans and Leases Receivable, Covered Loans, Current	18,814	20,339
Loans and Leases Receivable, Covered Loans, 30 Days	18	731
Loans and Leases Receivable, Covered Loans, 60 Days	244	391
Loans and Leases Receivable, Covered Assets, 90 Days	231	269
Loans and Leases Receivable, Covered Assets, Past Due	493	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	2.55%	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	973	1,199
Loans and Leases Receivable, Covered Loans, Current	961	1,123
Loans and Leases Receivable, Covered Loans, 30 Days	1	31
Loans and Leases Receivable, Covered Loans, 60 Days	11	8
Loans and Leases Receivable, Covered Assets, 90 Days	0	37
Loans and Leases Receivable, Covered Assets, Past Due	$ 12	$ 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	1.23%	6.34%

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Fair Value Measurements (Fair Value by Balance Sheet Grouping) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Covered loans, net		$ 495,358
FHLB stock	151,674	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	963,766	816,002
Available-for-sale Securities, Fair Value Disclosure	3,626,115	3,255,144
Held-to-maturity Securities, Fair Value Disclosure	38,027	50,616
Loans Receivable, Fair Value Disclosure	8,262,700	8,479,307
Covered loans, net	304,420	375,027
FDIC indemnification asset	95,138	101,751
FHLB stock	151,674	151,755
Deposits, Fair Value Disclosure	8,500,515	8,557,357
Federal Home Loan Bank Advances, Long Term and Other Borrowings, Fair Value Disclosure	3,097,509	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	963,766	816,002
Available-for-sale Securities, Fair Value Disclosure	3,626,115	3,255,144
Held-to-maturity Securities, Fair Value Disclosure	35,228	47,036
Loans Receivable, Fair Value Disclosure	7,616,205	7,935,877
Covered loans, net	302,681	382,183
FDIC indemnification asset	97,380	98,871
FHLB stock	151,674	151,755
Deposits, Fair Value Disclosure	8,683,181	8,665,903
Federal Home Loan Bank Advances, Long Term and Other Borrowings, Fair Value Disclosure	2,757,146	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	114,141	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	114,141	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	24,001	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	24,001	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	303,214	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	303,214	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	3,184,759	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	3,184,759	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	812	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	37,215	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	34,433	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

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Acquisitions

9 Months Ended

Jun. 30, 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 Company 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 Company 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 Company 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 were provisionally recorded at their estimated fair values as of the December 16, 2011 acquisition date. The initial accounting for acquired loans, real estate held for sale and deposits was incomplete as of December 31, 2011. The amounts recognized at December 31, 2011 were determined provisionally as the fair value analysis of those assets was incomplete as of December 31, 2011. These amounts have been retrospectively adjusted to reflect the completion of the fair value analysis during the quarter ended June 30, 2012. The adjustments recorded in the quarter ended June 30, 2012 were a decrease in acquired loans of $716,000, a decrease in real estate held for sale of $252,000 and an increase in other assets of $836,000 to reflect the core deposit intangible.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period December 16, 2011 to June 30, 2012.

The table below displays the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed:

	Received from		Fair Value			Recorded by
	FDIC		Adjustments			WAFD
	(In thousands)
Assets:
Cash and cash equivalents	$	20,677	$	—		$	20,677
Available-for-sale securities	3,500		—			3,500
FHLB & FRB stock	1,744		4			1,748
Loans receivable, net	143,328		(49,637		)	93,691
Interest receivable	251		—			251
Property and equipment, net	—		—			—
Real estate held for sale	7,149		(3,462		)	3,687
Other assets	79		961			1,040
Total Assets	176,728		(52,134		)	124,594
Liabilities:
Customer accounts	135,783		—			135,783
FHLB advances	17,666		9			17,675
Other liabilities	40		995			1,035
Total Liabilities	153,489		1,004			154,493
Net assets (liabilities) acquired	$	23,239	$	(53,138	)	$	(29,899	)
Aggregate fair value adjustments			$	(53,138	)
Net liabilities acquired						$	(29,899	)
Cash received from the FDIC						29,899

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 and the satisfaction of other customary closing conditions. On June 28, 2012, the shareholders of South Valley approved the merger transaction, with over 82% of the outstanding shares of South Valley common stock voting in favor of the merger.

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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	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,823,968	$ 8,128,845
Current	7,603,445	7,849,623
30 Days	41,843	59,026
60 Days	28,057	25,577
90 Days	150,623	194,619
Total	220,523	279,222
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.82%	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	2.81%	3.25%	3.43%
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	7,705,224
Current	7,497,712
30 Days	38,516
60 Days	25,246
90 Days	143,750
Total	207,512
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.69%
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	5,902,633
Current	5,736,969
30 Days	33,571
60 Days	19,127
90 Days	112,966
Total	165,664
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.81%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	94,930
Current	87,134
30 Days	899
60 Days	509
90 Days	6,388
Total	7,796
Ratio of past due loans to total loans, net of charge-offs and LIPs	8.21%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	123,965
Current	123,382
30 Days	1
60 Days	43
90 Days	539
Total	583
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.47%
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	127,953
Current	114,563
30 Days	234
60 Days	3,226
90 Days	9,930
Total	13,390
Ratio of past due loans to total loans, net of charge-offs and LIPs	10.46%
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	145,037
Current	136,545
30 Days	1,753
60 Days	895
90 Days	5,844
Total	8,492
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.86%
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	675,334
Current	670,859
30 Days	569
60 Days	594
90 Days	3,312
Total	4,475
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.66%
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	305,046
Current	300,668
30 Days	334
60 Days	0
90 Days	4,044
Total	4,378
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.44%
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	148,565
Current	148,546
30 Days	9
60 Days	10
90 Days	0
Total	19
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	113,559
Current	112,824
30 Days	29
60 Days	318
90 Days	388
Total	735
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.65%
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	68,202
Current	66,222
30 Days	1,117
60 Days	524
90 Days	339
Total	1,980
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.90%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	118,744
Current	105,733
30 Days	3,327
60 Days	2,811
90 Days	6,873
Total	13,011
Ratio of past due loans to total loans, net of charge-offs and LIPs	10.96%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	343
Current	0
30 Days	0
60 Days	343
90 Days	0
Total	343
Ratio of past due loans to total loans, net of charge-offs and LIPs	100.00%
Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	1,889
Current	1,889
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	4,210
Current	3,685
30 Days	0
60 Days	0
90 Days	525
Total	525
Ratio of past due loans to total loans, net of charge-offs and LIPs	12.47%
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	1,074
Current	1,074
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] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	90,977
Current	80,860
30 Days	2,072
60 Days	1,698
90 Days	6,347
Total	10,117
Ratio of past due loans to total loans, net of charge-offs and LIPs	11.12%
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	5,099
Current	4,244
30 Days	125
60 Days	730
90 Days	0
Total	855
Ratio of past due loans to total loans, net of charge-offs and LIPs	16.77%
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	15,037
Current	13,912
30 Days	1,125
60 Days	0
90 Days	0
Total	1,125
Ratio of past due loans to total loans, net of charge-offs and LIPs	7.48%
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	115
Current	69
30 Days	5
60 Days	40
90 Days	1
Total	46
Ratio of past due loans to total loans, net of charge-offs and LIPs	40.00%

XML

Loans Receivable (excluding Covered Loans) (Loans on Non-accrual Status) (Details) (USD $)	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 171,033,000	$ 210,465,000	$ 232,752,000
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	129,295,000	126,624,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	75.60%	60.30%
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	12,424,000	15,383,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	7.30%	7.30%
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	539,000	635,000
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	12,514,000	37,339,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	7.30%	17.70%
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	5,844,000	8,843,000
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	3,405,000	7,664,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.00%	3.60%
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	6,285,000	11,380,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	3.70%	5.40%
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	0	1,679,000
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	388,000	481,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.20%	0.20%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 339,000	$ 437,000
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.20%	0.20%

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Loans Receivable (excluding Covered Loans) (Troubled Debt Restructurings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012 Contracts	Jun. 30, 2011 Contracts	Jun. 30, 2012 Contracts	Jun. 30, 2011 Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	213	169	769	527
Pre-Modification Outstanding Recorded Investment	$ 51,339	$ 46,446	$ 184,824	$ 150,295
Post-Modification Outstanding Recorded Investment	51,339	46,446	184,824	150,295
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	83.20%		83.20%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	199	155	681	481
Pre-Modification Outstanding Recorded Investment	43,104	39,362	159,651	131,018
Post-Modification Outstanding Recorded Investment	43,104	39,362	159,651	131,018
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	1	22	2
Pre-Modification Outstanding Recorded Investment	0	337	6,253	529
Post-Modification Outstanding Recorded Investment	0	337	6,253	529
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	1	0	1	0
Pre-Modification Outstanding Recorded Investment	1,196	0	1,196	0
Post-Modification Outstanding Recorded Investment	1,196	0	1,196	0
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	3	26	3
Pre-Modification Outstanding Recorded Investment	0	4,427	5,565	4,427
Post-Modification Outstanding Recorded Investment	0	4,427	5,565	4,427
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	8	9	30	34
Pre-Modification Outstanding Recorded Investment	965	1,335	3,906	5,175
Post-Modification Outstanding Recorded Investment	965	1,335	3,906	5,175
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	1	1	3	7
Pre-Modification Outstanding Recorded Investment	389	985	2,257	9,146
Post-Modification Outstanding Recorded Investment	389	985	2,257	9,146
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	2	0	3	0
Pre-Modification Outstanding Recorded Investment	5,572	0	5,881	0
Post-Modification Outstanding Recorded Investment	5,572	0	5,881	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	2	0
Post-Modification Outstanding Recorded Investment	0	0	2	0
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	2	0	2	0
Pre-Modification Outstanding Recorded Investment	113	0	113	0
Post-Modification Outstanding Recorded Investment	113	0	113	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

XML

Loans Receivable (excluding Covered Loans) (Loan Modifications) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012 Contracts	Jun. 30, 2011 Contracts	Jun. 30, 2012 Contracts	Jun. 30, 2011 Contracts
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	30	14	101	33
Recorded Investment	$ 8,225	$ 7,288	$ 22,290	$ 11,776
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	30	10	97	29
Recorded Investment	8,225	3,295	21,687	7,783
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	0
Recorded Investment	0	0	0	0
Land, Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	3	4	3
Recorded Investment	0	404	603	404
Multi Family Housing [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	1	0	1
Recorded Investment	0	3,589	0	3,589
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
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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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 foreclosure of collateral. If foreclosed, the collateral is 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 weaknesses that it 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 June 30, 2012, excluding covered loans, of $155,051,000. 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 (Details) (USD $)	3 Months Ended			9 Months Ended			12 Months Ended
	Jun. 30, 2012		Jun. 30, 2011	Jun. 30, 2012		Jun. 30, 2011	Sep. 30, 2011
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	$ 143,819,000			$ 157,160,000		$ 163,094,000	$ 163,094,000
Charge-offs	(19,988,000)						(109,709,000)
Recoveries	3,753,000						11,424,000
Provisions & Transfers	10,367,000						92,351,000
Ending Allowance	137,951,000			137,951,000			157,160,000
Provision for loan losses	10,367,000		21,000,000	39,576,000		77,750,000
Loans receivable, gross	7,979,019,000			7,979,019,000			8,299,074,000
Nonaccrual loans by portfolio segment	171,033,000		232,752,000	171,033,000		232,752,000	210,465,000
Percentage increase (decrease) in nonperforming assets	(26.50%)			(26.50%)
Allowance for credit losses, charge-offs, net of recoveries	16,235,000		23,519,000
Percentage increase (decrease) in loans over 30 days delinquent	2.69%		3.66%	2.69%		3.66%
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.82%			2.82%			3.43%
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	83,875,000					47,160,000	47,160,000
Charge-offs	(14,134,000)						(38,465,000)
Recoveries	2,240,000						3,072,000
Provisions & Transfers	9,363,000						71,540,000
Ending Allowance	81,344,000			81,344,000			83,307,000
Loans receivable, gross	5,905,148,000			5,905,148,000			6,218,878,000
Nonaccrual loans by portfolio segment	129,295,000			129,295,000			126,624,000
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.81%		3.43%	2.81%		3.43%	3.25%
Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	15,943,000					26,346,000	26,346,000
Charge-offs	(2,288,000)						(13,197,000)
Recoveries	86,000						2,143,000
Provisions & Transfers	(888,000)						(1,464,000)
Ending Allowance	12,853,000			12,853,000			13,828,000
Loans receivable, gross	132,630,000			132,630,000			140,459,000
Nonaccrual loans by portfolio segment	12,424,000			12,424,000			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	384,000					770,000	770,000
Charge-offs	0						(237,000)
Recoveries	0						0
Provisions & Transfers	(40,000)						90,000
Ending Allowance	344,000			344,000			623,000
Loans receivable, gross	210,488,000			210,488,000			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	19,929,000					61,637,000	61,637,000
Charge-offs	(1,519,000)						(39,797,000)
Recoveries	533,000						2,271,000
Provisions & Transfers	(1,549,000)						8,608,000
Ending Allowance	17,394,000			17,394,000			32,719,000
Loans receivable, gross	139,603,000			139,603,000			200,692,000
Nonaccrual loans by portfolio segment	12,514,000			12,514,000			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	7,712,000					4,793,000	4,793,000
Charge-offs	(670,000)						(4,196,000)
Recoveries	0						0
Provisions & Transfers	295,000						4,923,000
Ending Allowance	7,337,000			7,337,000			5,520,000
Loans receivable, gross	145,129,000			145,129,000			163,146,000
Nonaccrual loans by portfolio segment	5,844,000			5,844,000			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	4,837,000					5,050,000	5,050,000
Charge-offs	0						(1,950,000)
Recoveries	279,000						71,000
Provisions & Transfers	(278,000)						4,452,000
Ending Allowance	4,838,000			4,838,000			7,623,000
Loans receivable, gross	693,837,000			693,837,000			700,673,000
Nonaccrual loans by portfolio segment	3,405,000			3,405,000			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	2,869,000					3,165,000	3,165,000
Charge-offs	(206,000)						(1,593,000)
Recoveries	148,000						328,000
Provisions & Transfers	337,000						2,431,000
Ending Allowance	3,148,000			3,148,000			4,331,000
Loans receivable, gross	401,594,000			401,594,000			303,442,000
Nonaccrual loans by portfolio segment	6,285,000			6,285,000			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	4,427,000					6,193,000	6,193,000
Charge-offs	(69,000)						(4,733,000)
Recoveries	70,000						1,925,000
Provisions & Transfers	2,535,000						1,714,000
Ending Allowance	6,963,000			6,963,000			5,099,000
Loans receivable, gross	153,677,000			153,677,000			109,332,000
Nonaccrual loans by portfolio segment	0			0			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	969,000					586,000	586,000
Charge-offs	(147,000)						(939,000)
Recoveries	6,000						185,000
Provisions & Transfers	144,000						1,307,000
Ending Allowance	972,000			972,000			1,139,000
Loans receivable, gross	128,596,000			128,596,000			115,092,000
Nonaccrual loans by portfolio segment	388,000			388,000			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	2,874,000					7,394,000	7,394,000
Charge-offs	(955,000)						(4,602,000)
Recoveries	391,000						1,429,000
Provisions & Transfers	448,000						(1,250,000)
Ending Allowance	2,758,000			2,758,000			2,971,000
Loans receivable, gross	68,317,000			68,317,000			67,509,000
Nonaccrual loans by portfolio segment	339,000			339,000			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	116,164,000		114,159,000	116,164,000		114,159,000	115,248,000
Loans receivable, gross	7,604,718,000	[1]		7,604,718,000	[1]		8,016,078,000	[2]
Allowance as a percentage of outstanding loans and leases	1.50%			1.50%			1.40%
Loans Collectively Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	80,437,000			80,437,000			77,441,000
Loans receivable, gross	5,823,964,000	[1]		5,823,964,000	[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	8,615,000			8,615,000			6,969,000
Loans receivable, gross	98,980,000	[1]		98,980,000	[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	344,000			344,000			623,000
Loans receivable, gross	210,488,000	[1]		210,488,000	[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	5,777,000			5,777,000			10,489,000
Loans receivable, gross	40,803,000	[1]		40,803,000	[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	6,447,000			6,447,000			4,385,000
Loans receivable, gross	142,712,000	[1]		142,712,000	[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	2,728,000			2,728,000			3,443,000
Loans receivable, gross	671,837,000	[1]		671,837,000	[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	1,136,000			1,136,000			2,730,000
Loans receivable, gross	286,779,000	[1]		286,779,000	[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	6,950,000			6,950,000			5,058,000
Loans receivable, gross	147,394,000	[1]		147,394,000	[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	972,000			972,000			1,139,000
Loans receivable, gross	113,559,000	[1]		113,559,000	[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	2,758,000			2,758,000			2,971,000
Loans receivable, gross	68,202,000	[1]		68,202,000	[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	21,787,000		46,940,000	21,787,000		46,940,000	41,912,000
Loans receivable, gross	255,526,000	[1]		255,526,000	[1]		282,996,000	[2]
Allowance as a percentage of outstanding loans and leases	8.50%			8.50%			14.80%
Loans Individually Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	907,000			907,000			5,866,000
Loans receivable, gross	80,842,000	[1]		80,842,000	[1]		32,556,000	[2]
Allowance as a percentage of outstanding loans and leases	1.10%			1.10%			18.00%
Loans Individually Evaluated for Impairment [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	4,238,000			4,238,000			6,859,000
Loans receivable, gross	31,760,000	[1]		31,760,000	[1]		50,473,000	[2]
Allowance as a percentage of outstanding loans and leases	13.30%			13.30%			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	11,617,000			11,617,000			22,230,000
Loans receivable, gross	94,589,000	[1]		94,589,000	[1]		139,415,000	[2]
Allowance as a percentage of outstanding loans and leases	12.30%			12.30%			15.90%
Loans Individually Evaluated for Impairment [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	890,000			890,000			1,135,000
Loans receivable, gross	2,417,000	[1]		2,417,000	[1]		2,240,000	[2]
Allowance as a percentage of outstanding loans and leases	36.80%			36.80%			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	20,927,000	[1]		20,927,000	[1]		20,850,000	[2]
Allowance as a percentage of outstanding loans and leases	10.10%			10.10%			20.00%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,012,000			2,012,000			1,601,000
Loans receivable, gross	23,808,000	[1]		23,808,000	[1]		34,536,000	[2]
Allowance as a percentage of outstanding loans and leases	8.50%			8.50%			4.60%
Loans Individually Evaluated for Impairment [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	13,000			13,000			41,000
Loans receivable, gross	1,183,000	[1]		1,183,000	[1]		2,926,000	[2]
Allowance as a percentage of outstanding loans and leases	1.10%			1.10%			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	278,490,000		394,679,000	278,490,000		394,679,000
Grade as percentage of total gross loans	2.07%		2.96%	2.07%		2.96%
Nonaccrual loans by portfolio segment	171,033,000			171,033,000			210,465,000
Nonperforming Financing Receivable [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	129,295,000			129,295,000			126,624,000
Nonperforming Financing Receivable [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	12,424,000			12,424,000			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	12,514,000			12,514,000			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	5,844,000			5,844,000			8,843,000
Nonperforming Financing Receivable [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	3,405,000			3,405,000			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	6,285,000			6,285,000			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	0			0			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	388,000			388,000			481,000
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	$ 339,000			$ 339,000			$ 437,000

[1] Excludes acquired and covered loans

[2] Excludes covered loans

XML

Covered Assets (Details) (USD $)	9 Months Ended	12 Months Ended
	Jun. 30, 2012	Sep. 30, 2011
Covered assets	$ 335,823,000	$ 438,566,000
Loans and Leases Receivable, Covered Loans, Gross	399,768,000	495,358,000
Discount balance related to acquired loans	(93,321,000)	(109,409,000)
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	101,634,000	131,128,000
Additions	5,742,000	10,470,000
Payments made (received)	(276,000)	(32,828,000)
Amortization	(11,023,000)	(10,239,000)
Accretion, Carrying Amount of Loans	1,303,000	3,103,000
Balance at end of period	97,380,000	101,634,000
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	37,072,000	27,019,000
Balance at beginning of period, Carrying Amount of Loans	116,061,000	190,530,000
Reclassification from nonaccretable balance, net, AccretableYield		24,025,000
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(15,142,000)	(13,972,000)
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	(13,094,000)	(54,638,000)
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(43,361,000)	(33,803,000)
Balance at end of period, AccretableYield	21,930,000	37,072,000
Balance at end of period, Carrying Amount of Loans	74,748,000	116,061,000
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	15,142,000	13,972,000
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	30,370,000	39,813,000
Balance at beginning of period, Carrying Amount of Loans	269,888,000	343,944,000
Reclassification from nonaccretable balance, net, AccretableYield		0
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(4,939,000)	(9,443,000)
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	(46,894,000)	(83,499,000)
Balance at end of period, AccretableYield	25,431,000	30,370,000
Balance at end of period, Carrying Amount of Loans	227,933,000	269,888,000
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	$ 4,939,000	$ 9,443,000

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
ASSETS
Cash and cash equivalents	$ 963,766	$ 816,002
Available-for-sale securities, including encumbered securities of $964,338 and $965,927, at fair value	3,626,115	3,255,144
Held-to-maturity securities, including encumbered securities of $34,433 and $45,086, at amortized cost	35,228	47,036
Loans receivable, net	7,616,205	7,935,877
Covered loans, net	302,681	382,183
Interest receivable	53,043	52,332
Premises and equipment, net	175,125	166,593
Real estate held for sale	107,457	159,829
Covered real estate held for sale	33,142	56,383
FDIC indemnification asset	97,380	101,634
FHLB stock	151,674	151,755
Intangible assets, net	256,431	256,271
Federal and state income taxes	2,514	0
Other assets	44,588	59,710
Assets	13,465,349	13,440,749
Customer accounts
Transaction deposit accounts	2,868,442	2,662,188
Time deposit accounts	5,814,739	6,003,715
Savings and Demand Accounts and Repurchase Agreements with Customers	8,683,181	8,665,903
FHLB advances	1,957,146	1,962,066
Other borrowings	800,000	800,000
Advance payments by borrowers for taxes and insurance	24,313	39,548
Federal and State income taxes	0	1,535
Accrued expenses and other liabilities	67,428	65,164
Liabilities	11,532,068	11,534,216
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized;129,936,563 and 129,853,534 shares issued; 106,884,239 and 108,976,410 shares outstanding	129,937	129,854
Paid-in capital	1,585,797	1,582,843
Accumulated other comprehensive income, net of taxes	62,736	85,789
Treasury stock, at cost; 23,052,324 and 20,877,124 shares	(298,972)	(268,665)
Retained earnings	453,783	376,712
Stockholders' Equity Attributable to Parent	1,933,281	1,906,533
Liabilities and Equity	$ 13,465,349	$ 13,440,749

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net unrealized loss on available-for-sale securities, tax	$ 1,422	$ 14,154	$ 13,394	$ 4,498

XML

Allowance for Losses on Loans (Impaired Loans Based on Loan Types) (Details) (USD $)	3 Months Ended				9 Months Ended
	Jun. 30, 2012		Sep. 30, 2011		Jun. 30, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 550,431,000		$ 476,822,000		$ 550,431,000
Unpaid Principal Balance	619,614,000		514,726,000		619,614,000
Related Allowance	46,676,000	[1]	65,424,000	[2]	46,676,000	[1]
Average Recorded Investment	511,393,000		392,675,000		474,891,000
Amount of related allowance included in specific reserves	21,787,000		41,912,000		21,787,000
Amount of related allowance included in general reserves	24,889,000		23,512,000		24,889,000
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	421,608,000		337,143,000		421,608,000
Unpaid Principal Balance	439,595,000		341,121,000		439,595,000
Related Allowance	25,796,000		29,378,000		25,796,000
Average Recorded Investment	394,326,000		267,671,000		366,923,000
Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	28,643,000		37,541,000		28,643,000
Unpaid Principal Balance	31,421,000		40,281,000		31,421,000
Related Allowance	4,238,000		6,859,000		4,238,000
Average Recorded Investment	30,063,000		33,759,000		28,216,000
Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	157,000		0		157,000
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	43,198,000		71,472,000		43,198,000
Unpaid Principal Balance	62,433,000		100,882,000		62,433,000
Related Allowance	11,617,000		22,230,000		11,617,000
Average Recorded Investment	43,654,000		69,174,000		45,991,000
Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,416,000		352,000		2,416,000
Unpaid Principal Balance	2,622,000		352,000		2,622,000
Related Allowance	890,000		1,135,000		890,000
Average Recorded Investment	1,249,000		110,000		625,000
Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	19,588,000		20,382,000		19,588,000
Unpaid Principal Balance	19,796,000		21,657,000		19,796,000
Related Allowance	2,110,000		4,180,000		2,110,000
Average Recorded Investment	19,221,000		16,438,000		18,005,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	33,307,000		9,891,000		33,307,000
Unpaid Principal Balance	47,234,000		10,392,000		47,234,000
Related Allowance	2,012,000		1,601,000		2,012,000
Average Recorded Investment	21,894,000		5,492,000		14,618,000
Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,581,000		41,000		1,581,000
Unpaid Principal Balance	13,278,000		41,000		13,278,000
Related Allowance	13,000		41,000		13,000
Average Recorded Investment	903,000		31,000		471,000
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	90,000		0		90,000
Unpaid Principal Balance	3,018,000		0		3,018,000
Related Allowance	0		0		0
Average Recorded Investment	83,000		0		42,000
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	60,000		0		60,000
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	406,906,000		433,808,000		406,906,000
Unpaid Principal Balance	406,905,000		434,684,000		406,905,000
Related Allowance	46,676,000	[1]	65,424,000	[2]	46,676,000	[1]
Average Recorded Investment	395,154,000		344,999,000		394,762,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	345,103,000		331,546,000		345,103,000
Unpaid Principal Balance	345,103,000		331,546,000		345,103,000
Related Allowance	25,796,000		29,378,000		25,796,000
Average Recorded Investment	334,249,000		261,736,000		333,820,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	14,602,000		29,255,000		14,602,000
Unpaid Principal Balance	14,602,000		29,255,000		14,602,000
Related Allowance	4,238,000		6,859,000		4,238,000
Average Recorded Investment	14,600,000		26,385,000		14,519,000
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	26,985,000		49,036,000		26,985,000
Unpaid Principal Balance	26,984,000		49,912,000		26,984,000
Related Allowance	11,617,000		22,230,000		11,617,000
Average Recorded Investment	27,232,000		41,006,000		27,966,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,622,000		352,000		1,622,000
Unpaid Principal Balance	1,622,000		352,000		1,622,000
Related Allowance	890,000		1,135,000		890,000
Average Recorded Investment	811,000		110,000		406,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,312,000		17,149,000		11,312,000
Unpaid Principal Balance	11,312,000		17,149,000		11,312,000
Related Allowance	2,110,000		4,180,000		2,110,000
Average Recorded Investment	11,332,000		12,380,000		11,367,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	7,269,000		6,429,000		7,269,000
Unpaid Principal Balance	7,269,000		6,429,000		7,269,000
Related Allowance	2,012,000		1,601,000		2,012,000
Average Recorded Investment	6,912,000		3,351,000		6,656,000
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	13,000		41,000		13,000
Unpaid Principal Balance	13,000		41,000		13,000
Related Allowance	13,000		41,000		13,000
Average Recorded Investment	18,000		31,000		28,000
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	143,525,000		43,014,000		143,525,000
Unpaid Principal Balance	212,709,000		80,042,000		212,709,000
Related Allowance	0		0		0
Average Recorded Investment	116,239,000		47,676,000		80,129,000
Financing Receivable, Impairment, No Related Allowance [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	76,505,000		5,597,000		76,505,000
Unpaid Principal Balance	94,492,000		9,575,000		94,492,000
Related Allowance	0		0		0
Average Recorded Investment	60,077,000		5,935,000		33,103,000
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	14,041,000		8,286,000		14,041,000
Unpaid Principal Balance	16,819,000		11,026,000		16,819,000
Related Allowance	0		0		0
Average Recorded Investment	15,463,000		7,374,000		13,697,000
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	157,000		0		157,000
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	16,213,000		22,436,000		16,213,000
Unpaid Principal Balance	35,449,000		50,970,000		35,449,000
Related Allowance	0		0		0
Average Recorded Investment	16,422,000		28,168,000		18,025,000
Financing Receivable, Impairment, No Related Allowance [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	794,000		0		794,000
Unpaid Principal Balance	1,000,000		0		1,000,000
Related Allowance	0		0		0
Average Recorded Investment	438,000		0		219,000
Financing Receivable, Impairment, No Related Allowance [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	8,276,000		3,233,000		8,276,000
Unpaid Principal Balance	8,484,000		4,508,000		8,484,000
Related Allowance	0		0		0
Average Recorded Investment	7,889,000		4,058,000		6,638,000
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	26,038,000		3,462,000		26,038,000
Unpaid Principal Balance	39,965,000		3,963,000		39,965,000
Related Allowance	0		0		0
Average Recorded Investment	14,982,000		2,141,000		7,962,000
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,568,000		0		1,568,000
Unpaid Principal Balance	13,265,000		0		13,265,000
Related Allowance	0		0		0
Average Recorded Investment	885,000		0		443,000
Financing Receivable, Impairment, No Related Allowance [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	90,000		0		90,000
Unpaid Principal Balance	3,018,000		0		3,018,000
Related Allowance	0		0		0
Average Recorded Investment	83,000		0		42,000
Financing Receivable, Impairment, No Related Allowance [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	60,000		0		60,000
Related Allowance	0		0		0
Average Recorded Investment	$ 0		$ 0		$ 0

[1] Includes $21,787,000 of specific reserves and $24,889,000 included in the general reserves.

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

XML

Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	Jun. 30, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 155,051,000	$ 170,229,000
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 155,051,000

XML

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended									3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2012 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Jun. 30, 2012 Portion at Fair Value, Fair Value Disclosure [Member]	Sep. 30, 2011 Portion at Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Change During Period, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 1 [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Impaired Loans [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Covered Real Estate Owned [Member]		Jun. 30, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member] Real Estate Held for Sale [Member]		Jun. 30, 2012 Equity Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Sep. 30, 2011 Equity Securities [Member] Carrying (Reported) Amount, Fair Value Disclosure [Member]	Jun. 30, 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]	Jun. 30, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 US States and Political Subdivisions Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Foreign Government Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2012 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 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]	Jun. 30, 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]	Jun. 30, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2012 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 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]
Term of Contractual Due Dates of Substantially All Mortgage-Backed Securities	10 years
Available-for-sale Securities, Fair Value Disclosure		$ 3,626,115	$ 3,255,144	$ 3,626,115	$ 3,255,144	$ 3,626,115	$ 0	$ 3,626,115	$ 0																																											$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 114,141	$ 190,527	$ 114,141	$ 190,527	$ 114,141	$ 0	$ 114,141	$ 0	$ 24,001	$ 23,568	$ 24,001	$ 23,568	$ 24,001	$ 0	$ 24,001	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 303,214	$ 29,959	$ 303,214	$ 29,959	$ 303,214	$ 0	$ 303,214	$ 0	$ 3,184,759	$ 3,011,090	$ 3,184,759	$ 3,011,090	$ 3,184,759	$ 0	$ 3,184,759	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring																								324,293	133,929	[1]	32,817	[2]	157,547	[2]	0	0	[1]	0	[2]	0	[2]	0	0	[1]	0	[2]	0	[2]	324,293	133,929	[1]	32,817	[2]	157,547	[2]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis										$ 36,138	$ 99,515	$ 13,459	[1]	$ 36,291	[1]	$ 923	[2]	$ 2,124	[2]	$ 21,756	[2]	$ 61,100	[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.

XML

Acquisitions (Schedule of Net Liabilities Acquired) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 16, 2011
Assets:
Cash and cash equivalents	$ 20,677
Available for sale securities	3,500
FHLB & FRB stock	1,748
Loans receivable, net	93,691
Interest receivable	251
Property and equipment, net	0
Real estate held for sale	3,687
Other assets	1,040
Total Assets	124,594
Liabilities:
Customer accounts	135,783
FHLB advances	17,675
Other liabilities	1,035
Total Liabilities	154,493
Net assets (liabilities) acquired	(29,899)
Cash received from the FDIC	29,899
Received from FDIC [Member]
Assets:
Cash and cash equivalents	20,677
Available for sale securities	3,500
FHLB & FRB stock	1,744
Loans receivable, net	143,328
Interest receivable	251
Property and equipment, net	0
Real estate held for sale	7,149
Other assets	79
Total Assets	176,728
Liabilities:
Customer accounts	135,783
FHLB advances	17,666
Other liabilities	40
Total Liabilities	153,489
Net assets (liabilities) acquired	23,239
Fair Value Adjustments [Member]
Assets:
Cash and cash equivalents	0
Available for sale securities	0
FHLB & FRB stock	4
Loans receivable, net	(49,637)
Interest receivable	0
Property and equipment, net	0
Real estate held for sale	(3,462)
Other assets	961
Total Assets	(52,134)
Liabilities:
Customer accounts	0
FHLB advances	9
Other liabilities	995
Total Liabilities	1,004
Net assets (liabilities) acquired	(53,138)
Aggregate fair value adjustments	$ (53,138)

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 102,651	$ 80,475
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	40,397	32,456
Cash received from FDIC under loss share	276	20,977
Depreciation	5,625	4,950
Stock option compensation expense	900	815
Provision for loan losses	39,576	77,750
Loss (gain) on real estate held for sale, net	(8,366)	20,222
Increase in accrued interest receivable	(460)	(2,853)
Increase in FDIC loss share receivable	(5,742)	(3,143)
Increase in income taxes payable	9,345	3,575
Decrease in other assets	15,908	11,671
Increase (decrease) in accrued expenses and other liabilities	1,229	(25,175)
Net cash provided by operating activities	201,339	221,720
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	372,802	336,426
FHLB stock redemptions	1,830	0
Available-for-sale securities purchased	(1,499,227)	(1,279,983)
Principal payments and maturities of available-for-sale securities	1,065,254	485,597
Available-for-sale securities sold	3,500	131,361
Principal payments and maturities of held-to-maturity securities	11,899	31,383
Net cash received from acquisition	50,576	0
Proceeds from sales of real estate held for sale	138,689	63,575
Proceeds from sales of covered REO	28,343	0
Increase in intangible assets	(1,061)	0
Premises and equipment purchased	(14,157)	(7,695)
Net cash provided (used) by investing activities	158,448	(239,336)
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(118,505)	(138,850)
Net decrease in borrowings	(22,595)	(2,551)
Proceeds from exercise of common stock options	199	1,045
Dividends paid on common stock	(25,580)	(20,232)
Treasury stock purchased	(30,307)	(36,620)
Decrease in advance payments by borrowers for taxes and insurance	(15,235)	(15,638)
Net cash used by financing activities	(212,023)	(212,846)
Increase (decrease) in cash and cash equivalents	147,764	(230,462)
Cash and cash equivalents at beginning of period	816,002	888,622
Cash and cash equivalents at end of period	963,766	658,160
Non-cash investing activities
Non-covered real estate acquired through foreclosure	124,482	64,873
Covered real estate acquired through foreclosure	13,094	46,008
Cash paid during the period for
Interest	151,805	174,511
Income taxes	48,331	41,627
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	124,594	0
Fair value of liabilities assumed	(154,493)	0
Net fair value of liabilities assumed	$ (29,899)	$ 0

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Available-for-sales securities, encumbered securities	$ 964,338	$ 965,927
Held-to-maturity securities, encumbered securities	$ 34,433	$ 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)	129,936,563	129,853,534
Common stock, shares outstanding (in shares)	106,884,239	108,976,410
Treasury stock, shares (in shares)	23,052,324	20,877,124

XML

Acquisitions (Tables)

9 Months Ended

Jun. 30, 2012

Business Combinations [Abstract]

Schedule of Net Liabilities Acquired

The table below displays the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed:

	Received from		Fair Value			Recorded by
	FDIC		Adjustments			WAFD
	(In thousands)
Assets:
Cash and cash equivalents	$	20,677	$	—		$	20,677
Available-for-sale securities	3,500		—			3,500
FHLB & FRB stock	1,744		4			1,748
Loans receivable, net	143,328		(49,637		)	93,691
Interest receivable	251		—			251
Property and equipment, net	—		—			—
Real estate held for sale	7,149		(3,462		)	3,687
Other assets	79		961			1,040
Total Assets	176,728		(52,134		)	124,594
Liabilities:
Customer accounts	135,783		—			135,783
FHLB advances	17,666		9			17,675
Other liabilities	40		995			1,035
Total Liabilities	153,489		1,004			154,493
Net assets (liabilities) acquired	$	23,239	$	(53,138	)	$	(29,899	)
Aggregate fair value adjustments			$	(53,138	)
Net liabilities acquired						$	(29,899	)
Cash received from the FDIC						29,899

XML

Document and Entity Information	9 Months Ended
	Jun. 30, 2012	Aug. 03, 2012
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
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		106,494,239

XML

Loans Receivable (excluding Covered Loans) (Tables)

9 Months Ended

Jun. 30, 2012

Loans Receivable [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	June 30, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,904,805	74.0	%	$	6,218,878	74.9	%
Construction - speculative	130,741		1.6		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	135,392		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2.0
Multi-family	692,763		8.7		700,673		8.4
Commercial real estate	310,588		3.9		303,442		3.7
Commercial & industrial	148,577		1.9		109,332		1.3
HELOC	113,559		1.4		115,092		1.4
Consumer	68,202		0.9		67,509		0.8
Total non-acquired loans	7,860,244		98.5		8,299,074		100
Credit-impaired acquired loans
Single-family residential	343		—		—		—
Construction - speculative	1,889		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,211		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,074		—		—		—
Commercial real estate	91,006		1.1		—		—
Commercial & industrial	5,100		0.1		—		—
HELOC	15,037		0.2		—		—
Consumer	115		—		—		—
Total credit-impaired acquired loans	118,775		1.5		—		—
Total loans
Single-family residential	5,905,148		74.0		6,218,878		74.9
Construction - speculative	132,630		1.7		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	139,603		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2
Multi-family	693,837		8.7		700,673		8.4
Commercial real estate	401,594		5.1		303,442		3.7
Commercial & industrial	153,677		1.9		109,332		1.3
HELOC	128,596		1.6		115,092		1.4
Consumer	68,317		0.9		67,509		0.8
Total loans	7,979,019		100	%	8,299,074		100	%
Less:
Allowance for probable losses	137,951				157,160
Loans in process	155,051				170,229
Discount on acquired loans	35,200				—
Deferred net origination fees	34,612				35,808
	362,814				363,197
	$	7,616,205			$	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 June 30, 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	(3,278		)	3,278
Transfers to REO	—			—
Payments received, net	—			(12,714		)
Balance as of June 30, 2012	$	18,328		$	83,545

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:

	June 30, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	129,295	75.6	%	$	126,624	60.3	%
Construction - speculative	12,424		7.3		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	12,514		7.3		37,339		17.7
Land - consumer lot loans	5,844		3.4		8,843		4.2
Multi-family	3,405		2.0		7,664		3.6
Commercial real estate	6,285		3.7		11,380		5.4
Commercial & industrial	—		—		1,679		0.8
HELOC	388		0.2		481		0.2
Consumer	339		0.2		437		0.2
Total non-accrual loans	$	171,033	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 June 30, 2012 and September 30, 2011, respectively.

June 30, 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	$	5,902,633	$	5,736,969	$	33,571	$	19,127	$	112,966	$	165,664	2.81	%
Construction - Speculative	94,930		87,134		899		509		6,388		7,796		8.21
Construction - Custom	123,965		123,382		1		43		539		583		0.47
Land - Acquisition & Development	127,953		114,563		234		3,226		9,930		13,390		10.46
Land - Consumer Lot Loans	145,037		136,545		1,753		895		5,844		8,492		5.86
Multi-Family	675,334		670,859		569		594		3,312		4,475		0.66
Commercial Real Estate	305,046		300,668		334		—		4,044		4,378		1.44
Commercial & Industrial	148,565		148,546		9		10		—		19		0.01
HELOC	113,559		112,824		29		318		388		735		0.65
Consumer	68,202		66,222		1,117		524		339		1,980		2.90
Total non-acquired loans	7,705,224		7,497,712		38,516		25,246		143,750		207,512		2.69
Credit-impaired acquired loans
Single-Family Residential	343		—		—		343		—		343		100.00
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,210		3,685		—		—		525		525		12.47
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,074		1,074		—		—		—		—		—
Commercial Real Estate	90,977		80,860		2,072		1,698		6,347		10,117		11.12
Commercial & Industrial	5,099		4,244		125		730		—		855		16.77
HELOC	15,037		13,912		1,125		—		—		1,125		7.48
Consumer	115		69		5		40		1		46		40.00
Total credit-impaired acquired loans	118,744		105,733		3,327		2,811		6,873		13,011		10.96
Total loans	$	7,823,968	$	7,603,445	$	41,843	$	28,057	$	150,623	$	220,523	2.82

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 June 30,
	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	199	$	43,104	$	43,104	155	$	39,362	$	39,362
Construction - Speculative	—	—		—		1	337		337
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	—	—		—		3	4,427		4,427
Land - Consumer Lot Loans	8	965		965		9	1,335		1,335
Multi-Family	1	389		389		1	985		985
Commercial Real Estate	2	5,572		5,572		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	213	$	51,339	$	51,339	169	$	46,446	$	46,446

	Nine Months Ended June 30,
	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	681	$	159,651	$	159,651	481	$	131,018	$	131,018
Construction - Speculative	22	6,253		6,253		2	529		529
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	26	5,565		5,565		3	4,427		4,427
Land - Consumer Lot Loans	30	3,906		3,906		34	5,175		5,175
Multi-Family	3	2,257		2,257		7	9,146		9,146
Commercial Real Estate	3	5,881		5,881		—	—		—
Commercial & Industrial	1	2		2		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	769	$	184,824	$	184,824	527	$	150,295	$	150,295

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 June 30,
	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	30	$	8,225	10	$	3,295
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	30	$	8,225	14	$	7,288

	Nine Months Ended June 30,
	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	97	$	21,687	29	$	7,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	4	603		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	101	$	22,290	33	$	11,776

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
INTEREST INCOME
Loans	$ 118,115	$ 127,736	$ 369,366	$ 394,286
Mortgage-backed securities	25,101	30,529	80,079	80,386
Investment securities and cash equivalents	2,168	3,266	6,446	10,988
Investment Income, Interest and Dividend	145,384	161,531	455,891	485,660
INTEREST EXPENSE
Customer accounts	20,903	27,581	66,868	89,765
FHLB advances and other borrowings	27,946	27,818	84,172	83,474
Interest Expense	48,849	55,399	151,040	173,239
Net interest income	96,535	106,132	304,851	312,421
Provision for loan losses	10,367	21,000	39,576	77,750
Net interest income after provision for loan losses	86,168	85,132	265,275	234,671
OTHER INCOME
Gain on sale of investments	0	0	0	8,147
Other	3,590	4,277	13,263	13,067
Noninterest Income	3,590	4,277	13,263	21,214
OTHER EXPENSE
Compensation and benefits	19,281	18,471	58,141	54,018
Occupancy	3,952	3,628	11,977	10,780
FDIC insurance premiums	4,000	5,100	12,543	15,299
Other	8,730	6,975	24,479	21,677
Noninterest Expense	35,963	34,174	107,140	101,774
Gain (loss) on real estate acquired through foreclosure, net	1,146	(8,171)	(11,005)	(28,369)
Income before income taxes	54,941	47,064	160,393	125,742
Income tax provision	19,778	16,943	57,742	45,267
NET INCOME	$ 35,163	$ 30,121	$ 102,651	$ 80,475
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.33	$ 0.27	$ 0.96	$ 0.72
Diluted earnings (in dollars per share)	$ 0.33	$ 0.27	$ 0.96	$ 0.72
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.06	$ 0.24	$ 0.18
Basic weighted average number of shares outstanding (in shares)	106,877,112	111,158,254	107,308,948	111,962,708
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	106,926,755	111,248,177	107,347,668	112,043,350

XML

Allowance for Losses on Loans

9 Months Ended

Jun. 30, 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 June 30, 2012 and fiscal year ended September 30, 2011:

Quarter Ended June 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,875	$	(14,134	)	$	2,240	$	9,363		$	81,344
Construction - speculative	15,943		(2,288		)	86		(888		)	12,853
Construction - custom	384		—			—		(40		)	344
Land - acquisition & development	19,929		(1,519		)	533		(1,549		)	17,394
Land - consumer lot loans	7,712		(670		)	—		295			7,337
Multi-family	4,837		—			279		(278		)	4,838
Commercial real estate	2,869		(206		)	148		337			3,148
Commercial & industrial	4,427		(69		)	70		2,535			6,963
HELOC	969		(147		)	6		144			972
Consumer	2,874		(955		)	391		448			2,758
	$	143,819	$	(19,988	)	$	3,753	$	10,367		$	137,951

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 a $10,367,000 provision for loan losses during the quarter ended June 30, 2012, while a $21,000,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $278,490,000, or 2.07%, of total assets at June 30, 2012, compared to $394,679,000, or 2.96%, of total assets one year ago. Acquired loans, including covered loans, are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended June 30, 2012. Non-accrual loans decreased from $232,752,000 at June 30, 2011, to $171,033,000 at June 30, 2012, a 26.5% decrease. The Company had net charge-offs of $16,235,000 for the quarter ended June 30, 2012, compared with $23,519,000 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. The percentage of loans 30 days or more delinquent decreased from 3.66% at June 30, 2011, to 2.69% at June 30, 2012. Delinquencies in the single-family residential portfolio, the largest portion of the loan portfolio, decreased from 3.43% at June 30, 2011, to 2.81% at June 30, 2012. In addition to these improving asset quality trends, real estate values are beginning to increase in most of the Company's primary markets. As a result, the Company recorded a smaller provision for loan losses in the current quarter as compared to the same quarter one year ago. $116,164,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $21,787,000 was made up of specific reserves on loans that were deemed to be impaired at June 30, 2012. For the period ending June 30, 2011, $114,159,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $46,940,000 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 a still weak macro economic environment which may negatively impact 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 June 30, 2012 and September 30, 2011:

June 30, 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	$	80,437	$	5,823,964	1.4	%	$	907	$	80,842	1.1	%
Construction - speculative	8,615		98,980		8.7		4,238		31,760		13.3
Construction - custom	344		210,488		0.2		—		—		—
Land - acquisition & development	5,777		40,803		14.2		11,617		94,589		12.3
Land - consumer lot loans	6,447		142,712		4.5		890		2,417		36.8
Multi-family	2,728		671,837		0.4		2,110		20,927		10.1
Commercial real estate	1,136		286,779		0.4		2,012		23,808		8.5
Commercial & industrial	6,950		147,394		4.7		13		1,183		1.1
HELOC	972		113,559		0.9		—		—		—
Consumer	2,758		68,202		4.0		—		—		—
	$	116,164	$	7,604,718	1.5		$	21,787	$	255,526	8.5

 ___________________

(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 June 30, 2012 and September 30, 2011:

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

June 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,714,905		$	299		$	189,601		$	—		$	—		$	5,904,805
Construction - speculative	80,542			6,695			43,504			—			—			130,741
Construction - custom	210,488			—			—			—			—			210,488
Land - acquisition & development	42,907			21,935			70,550			—			—			135,392
Land - consumer lot loans	144,658			356			115			—			—			145,129
Multi-family	660,948			7,574			24,241			—			—			692,763
Commercial real estate	271,050			4,608			34,930			—			—			310,588
Commercial & industrial	146,075			352			2,150			—			—			148,577
HELOC	113,559			—			—			—			—			113,559
Consumer	67,301			528			373			—			—			68,202
	7,452,433			42,347			365,464			—			—			7,860,244
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,514			—			3,587			—			—			6,101
Pool 2 - Single-family residential	343			—			—			—			—			343
Pool 3 - Multi-family	—			—			1,074			—			—			1,074
Pool 4 - HELOC & other consumer	15,151			—			—			—			—			15,151
Pool 5 - Commercial real estate	52,223			5,493			32,257			1,033			—			91,006
Pool 6 - Commercial & industrial	2,548			805			1,343			404			—			5,100
Total credit impaired acquired loans	72,779			6,298			38,261			1,437			—			118,775
Total gross loans	$	7,525,212		$	48,645		$	403,725		$	1,437		$	—		$	7,979,019
Total grade as a % of total gross loans	94.3		%	0.6		%	5.1		%	—		%	—		%

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):

June 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,775,510	97.8	%	$	129,295	2.2	%
Construction - speculative	118,317		90.5		12,424		9.5
Construction - custom	209,949		99.7		539		0.3
Land - acquisition & development	122,878		90.8		12,514		9.2
Land - consumer lot loans	139,285		96.0		5,844		4.0
Multi-family	689,358		99.5		3,405		0.5
Commercial real estate	304,303		98.0		6,285		2.0
Commercial & industrial	148,577		100.0		—		—
HELOC	113,171		99.7		388		0.3
Consumer	67,863		99.5		339		0.5
	$	7,689,211	97.8		$	171,033	2.2

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 June 30, 2012 and September 30, 2011:

								Average Recorded Investment
June 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	76,505	$	94,492	$	—		$	60,077	$	33,103
Construction - speculative	14,041		16,819		—			15,463		13,697
Construction - custom	—		157		—			—		—
Land - acquisition & development	16,213		35,449		—			16,422		18,025
Land - consumer lot loans	794		1,000		—			438		219
Multi-family	8,276		8,484		—			7,889		6,638
Commercial real estate	26,038		39,965		—			14,982		7,962
Commercial & industrial	1,568		13,265		—			885		443
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	143,525		212,709		—			116,239		80,129
With an allowance recorded:
Single-family residential	345,103		345,103		25,796			334,249		333,820
Construction - speculative	14,602		14,602		4,238			14,600		14,519
Construction - custom	—		—		—			—		—
Land - acquisition & development	26,985		26,984		11,617			27,232		27,966
Land - consumer lot loans	1,622		1,622		890			811		406
Multi-family	11,312		11,312		2,110			11,332		11,367
Commercial real estate	7,269		7,269		2,012			6,912		6,656
Commercial & industrial	13		13		13			18		28
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	406,906		406,905		46,676		(1)	395,154		394,762
Total:
Single-family residential	421,608		439,595		25,796			394,326		366,923
Construction - speculative	28,643		31,421		4,238			30,063		28,216
Construction - custom	—		157		—			—		—
Land - acquisition & development	43,198		62,433		11,617			43,654		45,991
Land - consumer lot loans	2,416		2,622		890			1,249		625
Multi-family	19,588		19,796		2,110			19,221		18,005
Commercial real estate	33,307		47,234		2,012			21,894		14,618
Commercial & industrial	1,581		$	13,278	13			903		471
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	$	550,431	$	619,614	$	46,676	(1)	$	511,393	$	474,891

____________________ 

(1)Includes $21,787,000 of specific reserves and $24,889,000 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.

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Loans Receivable (excluding Covered Loans)

9 Months Ended

Jun. 30, 2012

Loans Receivable [Abstract]

Loans Receivable (excluding Covered Loans)

Loans Receivable (excluding Covered Loans)

	June 30, 2012				September 30, 2011
	(In thousands)
Non-acquired loans
Single-family residential	$	5,904,805	74.0	%	$	6,218,878	74.9	%
Construction - speculative	130,741		1.6		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	135,392		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2.0
Multi-family	692,763		8.7		700,673		8.4
Commercial real estate	310,588		3.9		303,442		3.7
Commercial & industrial	148,577		1.9		109,332		1.3
HELOC	113,559		1.4		115,092		1.4
Consumer	68,202		0.9		67,509		0.8
Total non-acquired loans	7,860,244		98.5		8,299,074		100
Credit-impaired acquired loans
Single-family residential	343		—		—		—
Construction - speculative	1,889		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	4,211		0.1		—		—
Land - consumer lot loans	—		—		—		—
Multi-family	1,074		—		—		—
Commercial real estate	91,006		1.1		—		—
Commercial & industrial	5,100		0.1		—		—
HELOC	15,037		0.2		—		—
Consumer	115		—		—		—
Total credit-impaired acquired loans	118,775		1.5		—		—
Total loans
Single-family residential	5,905,148		74.0		6,218,878		74.9
Construction - speculative	132,630		1.7		140,459		1.7
Construction - custom	210,488		2.6		279,851		3.4
Land - acquisition & development	139,603		1.7		200,692		2.4
Land - consumer lot loans	145,129		1.8		163,146		2
Multi-family	693,837		8.7		700,673		8.4
Commercial real estate	401,594		5.1		303,442		3.7
Commercial & industrial	153,677		1.9		109,332		1.3
HELOC	128,596		1.6		115,092		1.4
Consumer	68,317		0.9		67,509		0.8
Total loans	7,979,019		100	%	8,299,074		100	%
Less:
Allowance for probable losses	137,951				157,160
Loans in process	155,051				170,229
Discount on acquired loans	35,200				—
Deferred net origination fees	34,612				35,808
	362,814				363,197
	$	7,616,205			$	7,935,877

The following table presents the changes in the accretable yield for credit impaired acquired loans as of June 30, 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	(3,278		)	3,278
Transfers to REO	—			—
Payments received, net	—			(12,714		)
Balance as of June 30, 2012	$	18,328		$	83,545

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

	June 30, 2012				September 30, 2011
	(In thousands)
Non-accrual loans:
Single-family residential	$	129,295	75.6	%	$	126,624	60.3	%
Construction - speculative	12,424		7.3		15,383		7.3
Construction - custom	539		0.3		635		0.3
Land - acquisition & development	12,514		7.3		37,339		17.7
Land - consumer lot loans	5,844		3.4		8,843		4.2
Multi-family	3,405		2.0		7,664		3.6
Commercial real estate	6,285		3.7		11,380		5.4
Commercial & industrial	—		—		1,679		0.8
HELOC	388		0.2		481		0.2
Consumer	339		0.2		437		0.2
Total non-accrual loans	$	171,033	100	%	$	210,465	100	%

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

June 30, 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	$	5,902,633	$	5,736,969	$	33,571	$	19,127	$	112,966	$	165,664	2.81	%
Construction - Speculative	94,930		87,134		899		509		6,388		7,796		8.21
Construction - Custom	123,965		123,382		1		43		539		583		0.47
Land - Acquisition & Development	127,953		114,563		234		3,226		9,930		13,390		10.46
Land - Consumer Lot Loans	145,037		136,545		1,753		895		5,844		8,492		5.86
Multi-Family	675,334		670,859		569		594		3,312		4,475		0.66
Commercial Real Estate	305,046		300,668		334		—		4,044		4,378		1.44
Commercial & Industrial	148,565		148,546		9		10		—		19		0.01
HELOC	113,559		112,824		29		318		388		735		0.65
Consumer	68,202		66,222		1,117		524		339		1,980		2.90
Total non-acquired loans	7,705,224		7,497,712		38,516		25,246		143,750		207,512		2.69
Credit-impaired acquired loans
Single-Family Residential	343		—		—		343		—		343		100.00
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	4,210		3,685		—		—		525		525		12.47
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	1,074		1,074		—		—		—		—		—
Commercial Real Estate	90,977		80,860		2,072		1,698		6,347		10,117		11.12
Commercial & Industrial	5,099		4,244		125		730		—		855		16.77
HELOC	15,037		13,912		1,125		—		—		1,125		7.48
Consumer	115		69		5		40		1		46		40.00
Total credit-impaired acquired loans	118,744		105,733		3,327		2,811		6,873		13,011		10.96
Total loans	$	7,823,968	$	7,603,445	$	41,843	$	28,057	$	150,623	$	220,523	2.82

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

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 June 30, 2012, single-family residential loans comprised 83.2% 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 June 30,
	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	199	$	43,104	$	43,104	155	$	39,362	$	39,362
Construction - Speculative	—	—		—		1	337		337
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	—	—		—		3	4,427		4,427
Land - Consumer Lot Loans	8	965		965		9	1,335		1,335
Multi-Family	1	389		389		1	985		985
Commercial Real Estate	2	5,572		5,572		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	213	$	51,339	$	51,339	169	$	46,446	$	46,446

	Nine Months Ended June 30,
	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	681	$	159,651	$	159,651	481	$	131,018	$	131,018
Construction - Speculative	22	6,253		6,253		2	529		529
Construction - Custom	1	1,196		1,196		—	—		—
Land - Acquisition & Development	26	5,565		5,565		3	4,427		4,427
Land - Consumer Lot Loans	30	3,906		3,906		34	5,175		5,175
Multi-Family	3	2,257		2,257		7	9,146		9,146
Commercial Real Estate	3	5,881		5,881		—	—		—
Commercial & Industrial	1	2		2		—	—		—
HELOC	2	113		113		—	—		—
Consumer	—	—		—		—	—		—
	769	$	184,824	$	184,824	527	$	150,295	$	150,295

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 June 30,
	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	30	$	8,225	10	$	3,295
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	30	$	8,225	14	$	7,288

	Nine Months Ended June 30,
	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	97	$	21,687	29	$	7,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	4	603		3	404
Multi-Family	—	—		1	3,589
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	101	$	22,290	33	$	11,776

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Acquisitions (Narrative) (Details) (USD $)								3 Months Ended
	Jun. 30, 2012	Dec. 16, 2011	Sep. 30, 2011	Dec. 16, 2011 Western National Bank [Member] branches	Jun. 28, 2012 South Valley Bank [Member]	Apr. 04, 2012 South Valley Bank [Member]	Dec. 31, 2011 South Valley Bank [Member] WesternStates Offices	Jun. 30, 2012 Acquired Loans [Member] Western National Bank [Member]	Jun. 30, 2012 Real Estate Held for Sale [Member] Western National Bank [Member]	Jun. 30, 2012 Other Assets [Member] Western National Bank [Member]
Business Acquisition [Line Items]
Acquisition from FDIC, deposits assumed				$ 53,000,000
Number of branches acquired (in branches)				3
Assets acquired		124,594,000		177,000,000
Loans acquired				143,000,000
Foreclosed real estate acquired				7,000,000
Liabilities assumed		154,493,000		153,000,000
Deposits acquired				136,000,000
Cash received from the FDIC		29,899,000		30,000,000
Increase (decrease) in assets, fair value adjustments								(716,000)	(252,000)	836,000
Number of shares of common stock for each share of acquireee's common stock (in shares)						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
Net assets (liabilities) acquired		(29,899,000)
Number of total offices after merger							190
Number of states in which entity operates after merger (in states)							8
Total assets after merger	13,465,349,000		13,440,749,000				14,400,000,000
Total deposits after merger							$ 9,600,000,000
Percent of common stock holders voting in favor of merger					82.00%

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Allowance for Losses on Loans (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2012 and fiscal year ended September 30, 2011:

Quarter Ended June 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,875	$	(14,134	)	$	2,240	$	9,363		$	81,344
Construction - speculative	15,943		(2,288		)	86		(888		)	12,853
Construction - custom	384		—			—		(40		)	344
Land - acquisition & development	19,929		(1,519		)	533		(1,549		)	17,394
Land - consumer lot loans	7,712		(670		)	—		295			7,337
Multi-family	4,837		—			279		(278		)	4,838
Commercial real estate	2,869		(206		)	148		337			3,148
Commercial & industrial	4,427		(69		)	70		2,535			6,963
HELOC	969		(147		)	6		144			972
Consumer	2,874		(955		)	391		448			2,758
	$	143,819	$	(19,988	)	$	3,753	$	10,367		$	137,951

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 June 30, 2012 and September 30, 2011:

June 30, 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	$	80,437	$	5,823,964	1.4	%	$	907	$	80,842	1.1	%
Construction - speculative	8,615		98,980		8.7		4,238		31,760		13.3
Construction - custom	344		210,488		0.2		—		—		—
Land - acquisition & development	5,777		40,803		14.2		11,617		94,589		12.3
Land - consumer lot loans	6,447		142,712		4.5		890		2,417		36.8
Multi-family	2,728		671,837		0.4		2,110		20,927		10.1
Commercial real estate	1,136		286,779		0.4		2,012		23,808		8.5
Commercial & industrial	6,950		147,394		4.7		13		1,183		1.1
HELOC	972		113,559		0.9		—		—		—
Consumer	2,758		68,202		4.0		—		—		—
	$	116,164	$	7,604,718	1.5		$	21,787	$	255,526	8.5

 ___________________

(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 June 30, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

June 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	34,874		$	—		$	3,868		$	—		$	—		$	38,742
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	4,623			2,669			6,031			—			—			13,323
Land - consumer lot loans	503			—			—			—			—			503
Multi-family	29,347			—			2,754			—			—			32,101
Commercial real estate	93,387			1,104			30,843			—			—			125,334
Commercial & industrial	6,953			917			6,707			—			—			14,577
HELOC	19,307			—			—			—			—			19,307
Consumer	973			—			—			—			—			973
	189,967			4,690			50,203			—			—			244,860
Total grade as a % of total net loans	77.6		%	1.9		%	20.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,807			5,865			39,582			—			—			55,254
Pool 2 - Single-family residential	379			—			3,959			—			—			4,338
Pool 3 - Multi-family	—			3,019			—			—			—			3,019
Pool 4 - HELOC & other consumer	1,171			—			3,469			—			—			4,640
Pool 5 - Commercial real estate	408			27,739			42,447			—			—			70,594
Pool 6 - Commercial & industrial	3,881			1,497			11,685			—			—			17,063
	$	15,646		$	38,120		$	101,142		$	—		$	—		154,908
													Total covered loans			399,768
													Discount			(93,321		)
													Allowance			(3,766		)
													Covered loans, net			$	302,681

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 June 30, 2012 and September 30, 2011:

								Average Recorded Investment
June 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	76,505	$	94,492	$	—		$	60,077	$	33,103
Construction - speculative	14,041		16,819		—			15,463		13,697
Construction - custom	—		157		—			—		—
Land - acquisition & development	16,213		35,449		—			16,422		18,025
Land - consumer lot loans	794		1,000		—			438		219
Multi-family	8,276		8,484		—			7,889		6,638
Commercial real estate	26,038		39,965		—			14,982		7,962
Commercial & industrial	1,568		13,265		—			885		443
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	143,525		212,709		—			116,239		80,129
With an allowance recorded:
Single-family residential	345,103		345,103		25,796			334,249		333,820
Construction - speculative	14,602		14,602		4,238			14,600		14,519
Construction - custom	—		—		—			—		—
Land - acquisition & development	26,985		26,984		11,617			27,232		27,966
Land - consumer lot loans	1,622		1,622		890			811		406
Multi-family	11,312		11,312		2,110			11,332		11,367
Commercial real estate	7,269		7,269		2,012			6,912		6,656
Commercial & industrial	13		13		13			18		28
HELOC	—		—		—			—		—
Consumer	—		—		—			—		—
	406,906		406,905		46,676		(1)	395,154		394,762
Total:
Single-family residential	421,608		439,595		25,796			394,326		366,923
Construction - speculative	28,643		31,421		4,238			30,063		28,216
Construction - custom	—		157		—			—		—
Land - acquisition & development	43,198		62,433		11,617			43,654		45,991
Land - consumer lot loans	2,416		2,622		890			1,249		625
Multi-family	19,588		19,796		2,110			19,221		18,005
Commercial real estate	33,307		47,234		2,012			21,894		14,618
Commercial & industrial	1,581		$	13,278	13			903		471
HELOC	90		3,018		—			83		42
Consumer	—		60		—			—		—
	$	550,431	$	619,614	$	46,676	(1)	$	511,393	$	474,891

____________________ 

(1)Includes $21,787,000 of specific reserves and $24,889,000 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 June 30, 2012 and September 30, 2011:

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

June 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,714,905		$	299		$	189,601		$	—		$	—		$	5,904,805
Construction - speculative	80,542			6,695			43,504			—			—			130,741
Construction - custom	210,488			—			—			—			—			210,488
Land - acquisition & development	42,907			21,935			70,550			—			—			135,392
Land - consumer lot loans	144,658			356			115			—			—			145,129
Multi-family	660,948			7,574			24,241			—			—			692,763
Commercial real estate	271,050			4,608			34,930			—			—			310,588
Commercial & industrial	146,075			352			2,150			—			—			148,577
HELOC	113,559			—			—			—			—			113,559
Consumer	67,301			528			373			—			—			68,202
	7,452,433			42,347			365,464			—			—			7,860,244
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,514			—			3,587			—			—			6,101
Pool 2 - Single-family residential	343			—			—			—			—			343
Pool 3 - Multi-family	—			—			1,074			—			—			1,074
Pool 4 - HELOC & other consumer	15,151			—			—			—			—			15,151
Pool 5 - Commercial real estate	52,223			5,493			32,257			1,033			—			91,006
Pool 6 - Commercial & industrial	2,548			805			1,343			404			—			5,100
Total credit impaired acquired loans	72,779			6,298			38,261			1,437			—			118,775
Total gross loans	$	7,525,212		$	48,645		$	403,725		$	1,437		$	—		$	7,979,019
Total grade as a % of total gross loans	94.3		%	0.6		%	5.1		%	—		%	—		%

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):

June 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,775,510	97.8	%	$	129,295	2.2	%
Construction - speculative	118,317		90.5		12,424		9.5
Construction - custom	209,949		99.7		539		0.3
Land - acquisition & development	122,878		90.8		12,514		9.2
Land - consumer lot loans	139,285		96.0		5,844		4.0
Multi-family	689,358		99.5		3,405		0.5
Commercial real estate	304,303		98.0		6,285		2.0
Commercial & industrial	148,577		100.0		—		—
HELOC	113,171		99.7		388		0.3
Consumer	67,863		99.5		339		0.5
	$	7,689,211	97.8		$	171,033	2.2

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

Covered Assets

9 Months Ended

Jun. 30, 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 $335,823,000 as of June 30, 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:

June 30, 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	(15,142		)	15,142			(4,939		)	4,939
Transfers to REO	—			(13,094		)	—			—
Payments received, net	—			(43,361		)	—			(46,894		)
Balance at end of period	$	21,930		$	74,748		$	25,431		$	227,933

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 June 30, 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 $399,768,000 and $495,358,000 as of June 30, 2012 and September 30, 2011, respectively. The discount balance related to the acquired loans was $93,321,000 and $109,409,000 as of June 30, 2012 and September 30, 2011, respectively.

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

	June 30, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	5,742			10,470
Payments made (received)	(276		)	(32,828		)
Amortization	(11,023		)	(10,239		)
Accretion	1,303			3,103
Balance at end of period	$	97,380		$	101,634

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

Credit Risk Profile by Internally Assigned Grade:

June 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	34,874		$	—		$	3,868		$	—		$	—		$	38,742
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	4,623			2,669			6,031			—			—			13,323
Land - consumer lot loans	503			—			—			—			—			503
Multi-family	29,347			—			2,754			—			—			32,101
Commercial real estate	93,387			1,104			30,843			—			—			125,334
Commercial & industrial	6,953			917			6,707			—			—			14,577
HELOC	19,307			—			—			—			—			19,307
Consumer	973			—			—			—			—			973
	189,967			4,690			50,203			—			—			244,860
Total grade as a % of total net loans	77.6		%	1.9		%	20.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,807			5,865			39,582			—			—			55,254
Pool 2 - Single-family residential	379			—			3,959			—			—			4,338
Pool 3 - Multi-family	—			3,019			—			—			—			3,019
Pool 4 - HELOC & other consumer	1,171			—			3,469			—			—			4,640
Pool 5 - Commercial real estate	408			27,739			42,447			—			—			70,594
Pool 6 - Commercial & industrial	3,881			1,497			11,685			—			—			17,063
	$	15,646		$	38,120		$	101,142		$	—		$	—		154,908
													Total covered loans			399,768
													Discount			(93,321		)
													Allowance			(3,766		)
													Covered loans, net			$	302,681

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 June 30, 2012 and September 30, 2011:

June 30, 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	$	38,742	$	36,523	$	81	$	—	$	2,138	$	2,219	5.73	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	13,323		12,847		476		—		—		476		3.57
Land - Consumer Lot Loans	503		405		—		—		98		98		19.48
Multi-Family	32,101		30,593		—		—		1,508		1,508		4.70
Commercial Real Estate	125,334		123,411		—		—		1,923		1,923		1.53
Commercial & Industrial	14,577		11,094		30		—		3,453		3,483		23.89
HELOC	19,307		18,814		18		244		231		493		2.55
Consumer	973		961		1		11		—		12		1.23
	$	244,860	$	234,648	$	606	$	255	$	9,351	$	10,212	4.17	%

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

9 Months Ended

Jun. 30, 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.

In July 2012, the FASB issued ASU 2012-02, Intangibles - Goodwill and Other (Topic 350) – Testing Indefinite-Lived Intangible Assets for Impairment. The objective of this ASU is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories. This ASU permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. Previous guidance in Subtopic 350-30 required an entity to test indefinite-lived intangible assets for impairment, on at least an annual basis, by comparing the fair value of the asset with its carrying amount. If the fair value of the asset is less than its carrying amount, an entity should recognize an impairment loss in the amount of the difference. In accordance with the amendments in this ASU, an entity will have an option not to calculate annually the fair value of an indefinite-lived intangible asset if the entity determines that it is not more likely than not that the asset is impaired. Permitting an entity to assess qualitative factors when testing indefinite-lived intangible assets for impairment results in guidance that is similar to the goodwill impairment testing guidance in Update 2011-08. The Company early adopted this ASU and the guidance had no impact on the Company's financial condition and results of operations.

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Fair Value Measurements

9 Months Ended

Jun. 30, 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 June 30, 2012:

	Fair Value at June 30, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		114,141		—		114,141
Obligations of states and political subdivisions	—		24,001		—		24,001
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		303,214		—		303,214
Mortgage-backed securities					—
Agency pass-through certificates	—		3,184,759		—		3,184,759
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,626,115	$	—	$	3,626,115

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended June 30, 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 June 30, 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 June 30, 2012, and the total losses resulting from those fair value adjustments for the quarter and nine months ended June 30, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through June 30, 2012								Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	133,929	$	133,929	$	13,459	$	36,291
Covered REO (2)	—		—		32,817		32,817		923		2,124
Real estate held for sale (2)	—		—		157,547		157,547		21,756		61,100
Balance at end of period	$	—	$	—	$	324,293	$	324,293	$	36,138	$	99,515

 ___________________

(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 June 30, 2012.

The following describes the process used to value Level 3 assets measured on a nonrecurring basis:

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

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for loan loss ("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 ("REO") - These assets are valued based on inputs such as appraisals and third-party price opinions, less estimated selling costs. Assets that are acquired through foreclosure are recorded initially at the lower of the loan balance or fair value at the date of foreclosure. After foreclosure, valuations are updated periodically, and current market conditions my require the assets to be written down further to a new cost basis. The following method is used to value real estate held for sale:

• When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include a third-party appraisal, which is used to establish the fair value of the underlying collateral. The determined fair value, to the extent it does not exceed the carrying value of the loan, becomes the carrying value of the REO asset. In addition to the valuations from independent third-party sources, the carrying balance of REO 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 REO asset. The fair value of REO assets is re-evaluated quarterly and the REO asset is adjusted to reflect the lower of cost or fair value as necessary.

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.

		June 30, 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	$	963,766	$	963,766	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		114,141		114,141		190,527		190,527
Obligations of states and political subdivisions		24,001		24,001		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		303,214		303,214		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,184,759		3,184,759		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,626,115		3,626,115		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		812		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		34,433		37,215		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		35,228		38,027		47,036		50,616
Loans receivable	3	7,616,205		8,262,700		7,935,877		8,479,307
Covered loans	3	302,681		304,420		382,183		375,027
FDIC indemnification asset	3	97,380		95,138		98,871		101,751
FHLB stock	2	151,674		151,674		151,755		151,755
Financial liabilities
Customer accounts	2	8,683,181		8,500,515		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,757,146		3,097,509		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:

	June 30, 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	$	36	$	—		$	536	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	109,300		4,330		(25		)	113,605		1.34
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	273,658		350		(58		)	273,950		0.87
5 to 10 years	30,000		464		(1,200		)	29,264		4.00
Municipal bonds due
Over 10 years	20,446		3,555		—			24,001		6.45
Mortgage-backed securities
Agency pass-through certificates	3,093,024		94,775		(3,040		)	3,184,759		4.48
	3,526,928		103,510		(4,323		)	3,626,115		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		17		—			812		5.72
1 to 5 years	—		—		—			—		—
5 to 10 years	—		—		—			—		—
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	34,433		2,782		—			37,215		5.31
	35,228		2,799		—			38,027		5.32
	$	3,562,156	$	106,309	$	(4,323	)	$	3,664,142	4.12	%

	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 June 30, 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 June 30, 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 June 30, 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	$	(1,258	)	$	32,400	$	—		$	—	$	(1,258	)	$	32,400
U.S. government and agency securities due	(25		)	99,975		—			—		(25		)	99,975
Agency pass-through certificates	(2,787		)	401,777		(253		)	33,822		(3,040		)	435,599
	(4,070		)	$	534,152	$	(253	)	$	33,822	(4,323		)	$	567,974

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

9 Months Ended

Mar. 31, 2012

Jun. 30, 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 foreclosure of collateral. If foreclosed, the collateral is 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 weaknesses that it 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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Allowance for Losses on Loans (Credit Risk Profile Based on Payment Activity) (Details) (USD $)	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 7,979,019,000	$ 8,299,074,000
Nonaccrual loans by portfolio segment	171,033,000	210,465,000	232,752,000
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,525,212,000	7,804,613,000
Grade as percentage of total gross loans	94.30%	94.10%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	48,645,000	76,285,000
Grade as percentage of total gross loans	0.60%	0.90%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	403,725,000	415,550,000
Grade as percentage of total gross loans	5.10%	5.00%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,437,000	2,245,000
Grade as percentage of total gross loans	0.00%	0.00%
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,689,211,000	8,088,609,000
Grade as percentage of total gross loans	97.80%	97.50%
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	278,490,000		394,679,000
Grade as percentage of total gross loans	2.07%		2.96%
Nonaccrual loans by portfolio segment	171,033,000	210,465,000
Grade as a percetage of total gross loans	2.20%	2.50%
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,905,148,000	6,218,878,000
Nonaccrual loans by portfolio segment	129,295,000	126,624,000
Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		6,047,279,000
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		171,599,000
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	5,775,510,000	6,092,254,000
Grade as percentage of total gross loans	97.80%	98.00%
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	129,295,000	126,624,000
Grade as a percetage of total gross loans	2.20%	2.00%
Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	132,630,000	140,459,000
Nonaccrual loans by portfolio segment	12,424,000	15,383,000
Construction, Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		56,485,000
Construction, Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		21,035,000
Construction, Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		62,939,000
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	118,317,000	125,076,000
Grade as percentage of total gross loans	90.50%	89.00%
Construction, Speculative [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	12,424,000	15,383,000
Grade as a percetage of total gross loans	9.50%	11.00%
Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	210,488,000	279,851,000
Nonaccrual loans by portfolio segment	539,000	635,000
Construction, Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		279,851,000
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	209,949,000	279,216,000
Grade as percentage of total gross loans	99.70%	99.80%
Construction, Custom [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	539,000	635,000
Grade as a percetage of total gross loans	0.30%	0.20%
Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	139,603,000	200,692,000
Nonaccrual loans by portfolio segment	12,514,000	37,339,000
Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		44,888,000
Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		44,840,000
Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		110,964,000
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	122,878,000	163,353,000
Grade as percentage of total gross loans	90.80%	81.40%
Land, Acquisition and Development [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	12,514,000	37,339,000
Grade as a percetage of total gross loans	9.20%	18.60%
Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	145,129,000	163,146,000
Nonaccrual loans by portfolio segment	5,844,000	8,843,000
Land, Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		162,670,000
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		476,000
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	139,285,000	154,303,000
Grade as percentage of total gross loans	96.00%	94.60%
Land, Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	5,844,000	8,843,000
Grade as a percetage of total gross loans	4.00%	5.40%
Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	693,837,000	700,673,000
Nonaccrual loans by portfolio segment	3,405,000	7,664,000
Multi Family Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		663,582,000
Multi Family Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		4,629,000
Multi Family Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		32,462,000
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	689,358,000	693,009,000
Grade as percentage of total gross loans	99.50%	98.90%
Multi Family Housing [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	3,405,000	7,664,000
Grade as a percetage of total gross loans	0.50%	1.10%
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	401,594,000	303,442,000
Nonaccrual loans by portfolio segment	6,285,000	11,380,000
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		264,083,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		4,125,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		35,234,000
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	304,303,000	292,062,000
Grade as percentage of total gross loans	98.00%	96.20%
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	6,285,000	11,380,000
Grade as a percetage of total gross loans	2.00%	3.80%
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	153,677,000	109,332,000
Nonaccrual loans by portfolio segment	0	1,679,000
Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		104,171,000
Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		1,128,000
Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		1,407,000
Commercial and Industrial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		2,245,000
Commercial and Industrial Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	148,577,000	107,653,000
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	0	1,679,000
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	128,596,000	115,092,000
Nonaccrual loans by portfolio segment	388,000	481,000
Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		115,092,000
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	113,171,000	114,611,000
Grade as percentage of total gross loans	99.70%	99.60%
Home Equity Line of Credit [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	388,000	481,000
Grade as a percetage of total gross loans	0.30%	0.40%
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	68,317,000	67,509,000
Nonaccrual loans by portfolio segment	339,000	437,000
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		66,512,000
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		528,000
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross		469,000
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	67,863,000	67,072,000
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	$ 339,000	$ 437,000
Grade as a percetage of total gross loans	0.50%	0.60%

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Covered Assets (Tables)

9 Months Ended

Jun. 30, 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:

June 30, 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	(15,142		)	15,142			(4,939		)	4,939
Transfers to REO	—			(13,094		)	—			—
Payments received, net	—			(43,361		)	—			(46,894		)
Balance at end of period	$	21,930		$	74,748		$	25,431		$	227,933

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:

	June 30, 2012			September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634		$	131,128
Additions	5,742			10,470
Payments made (received)	(276		)	(32,828		)
Amortization	(11,023		)	(10,239		)
Accretion	1,303			3,103
Balance at end of period	$	97,380		$	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 June 30, 2012 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

June 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	34,874		$	—		$	3,868		$	—		$	—		$	38,742
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	4,623			2,669			6,031			—			—			13,323
Land - consumer lot loans	503			—			—			—			—			503
Multi-family	29,347			—			2,754			—			—			32,101
Commercial real estate	93,387			1,104			30,843			—			—			125,334
Commercial & industrial	6,953			917			6,707			—			—			14,577
HELOC	19,307			—			—			—			—			19,307
Consumer	973			—			—			—			—			973
	189,967			4,690			50,203			—			—			244,860
Total grade as a % of total net loans	77.6		%	1.9		%	20.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,807			5,865			39,582			—			—			55,254
Pool 2 - Single-family residential	379			—			3,959			—			—			4,338
Pool 3 - Multi-family	—			3,019			—			—			—			3,019
Pool 4 - HELOC & other consumer	1,171			—			3,469			—			—			4,640
Pool 5 - Commercial real estate	408			27,739			42,447			—			—			70,594
Pool 6 - Commercial & industrial	3,881			1,497			11,685			—			—			17,063
	$	15,646		$	38,120		$	101,142		$	—		$	—		154,908
													Total covered loans			399,768
													Discount			(93,321		)
													Allowance			(3,766		)
													Covered loans, net			$	302,681

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 June 30, 2012 and September 30, 2011:

June 30, 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	$	38,742	$	36,523	$	81	$	—	$	2,138	$	2,219	5.73	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	13,323		12,847		476		—		—		476		3.57
Land - Consumer Lot Loans	503		405		—		—		98		98		19.48
Multi-Family	32,101		30,593		—		—		1,508		1,508		4.70
Commercial Real Estate	125,334		123,411		—		—		1,923		1,923		1.53
Commercial & Industrial	14,577		11,094		30		—		3,453		3,483		23.89
HELOC	19,307		18,814		18		244		231		493		2.55
Consumer	973		961		1		11		—		12		1.23
	$	244,860	$	234,648	$	606	$	255	$	9,351	$	10,212	4.17	%

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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Loans Receivable (excluding Covered Loans) (Details) (USD $)	9 Months Ended	12 Months Ended
	Jun. 30, 2012	Sep. 30, 2011	Mar. 31, 2012	Sep. 30, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 7,979,019,000	$ 8,299,074,000
Ratio of type of loan to total loans receivable	100.00%	100.00%
Allowance for probable losses	137,951,000	157,160,000	143,819,000	163,094,000
Loans in process	155,051,000	170,229,000
Discount on acquired loans	35,200,000	0
Deferred net origination fees	34,612,000	35,808,000
Charges against loans receivable	362,814,000	363,197,000
Loans receivable, net	7,616,205,000	7,935,877,000
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,905,148,000	6,218,878,000
Ratio of type of loan to total loans receivable	74.00%	74.90%
Allowance for probable losses	81,344,000	83,307,000	83,875,000	47,160,000
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	132,630,000	140,459,000
Ratio of type of loan to total loans receivable	1.70%	1.70%
Allowance for probable losses	12,853,000	13,828,000	15,943,000	26,346,000
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	210,488,000	279,851,000
Ratio of type of loan to total loans receivable	2.60%	3.40%
Allowance for probable losses	344,000	623,000	384,000	770,000
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	139,603,000	200,692,000
Ratio of type of loan to total loans receivable	1.70%	2.40%
Allowance for probable losses	17,394,000	32,719,000	19,929,000	61,637,000
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	145,129,000	163,146,000
Ratio of type of loan to total loans receivable	1.80%	2.00%
Allowance for probable losses	7,337,000	5,520,000	7,712,000	4,793,000
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	693,837,000	700,673,000
Ratio of type of loan to total loans receivable	8.70%	8.40%
Allowance for probable losses	4,838,000	7,623,000	4,837,000	5,050,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	401,594,000	303,442,000
Ratio of type of loan to total loans receivable	5.10%	3.70%
Allowance for probable losses	3,148,000	4,331,000	2,869,000	3,165,000
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	153,677,000	109,332,000
Ratio of type of loan to total loans receivable	1.90%	1.30%
Allowance for probable losses	6,963,000	5,099,000	4,427,000	6,193,000
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	128,596,000	115,092,000
Ratio of type of loan to total loans receivable	1.60%	1.40%
Allowance for probable losses	972,000	1,139,000	969,000	586,000
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	68,317,000	67,509,000
Ratio of type of loan to total loans receivable	0.90%	0.80%
Allowance for probable losses	2,758,000	2,971,000	2,874,000	7,394,000
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,860,244,000	8,299,074,000
Ratio of type of loan to total loans receivable	98.50%	100.00%
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,904,805,000	6,218,878,000
Ratio of type of loan to total loans receivable	74.00%	74.90%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	130,741,000	140,459,000
Ratio of type of loan to total loans receivable	1.60%	1.70%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	210,488,000	279,851,000
Ratio of type of loan to total loans receivable	2.60%	3.40%
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	135,392,000	200,692,000
Ratio of type of loan to total loans receivable	1.70%	2.40%
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	145,129,000	163,146,000
Ratio of type of loan to total loans receivable	1.80%	2.00%
Non-Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	692,763,000	700,673,000
Ratio of type of loan to total loans receivable	8.70%	8.40%
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	310,588,000	303,442,000
Ratio of type of loan to total loans receivable	3.90%	3.70%
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	148,577,000	109,332,000
Ratio of type of loan to total loans receivable	1.90%	1.30%
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	113,559,000	115,092,000
Ratio of type of loan to total loans receivable	1.40%	1.40%
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	68,202,000	67,509,000
Ratio of type of loan to total loans receivable	0.90%	0.80%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	118,775,000	0
Ratio of type of loan to total loans receivable	1.50%	0.00%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	343,000	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	1,889,000	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	4,211,000	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	1,074,000	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	91,006,000	0
Ratio of type of loan to total loans receivable	1.10%	0.00%
Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,100,000	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	15,037,000	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	$ 115,000	$ 0
Ratio of type of loan to total loans receivable	0.00%	0.00%

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Covered Assets (Credit Risk Profile by Internally Assigned Grade by Loan Status Designation) (Details) (USD $)	Jun. 30, 2012	Sep. 30, 2011
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		$ 495,358,000
Loans and Leases Receivable, Covered Loans, Gross	399,768,000	495,358,000
Discount balance related to acquired loans	(93,321,000)	(109,409,000)
Covered loans, allowance for losses	(3,766,000)	(3,766,000)
Loans and Leases Receivable, Covered Loans, Net Reported Amount	302,681,000	382,183,000
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	244,860,000	292,421,000
Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	154,908,000	202,937,000
Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	38,742,000	46,214,000
Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,338,000	11,930,000
Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	1,315,000
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	13,323,000	15,058,000
Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	503,000	654,000
Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	32,101,000	34,906,000
Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,019,000	3,324,000
Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	125,334,000	148,464,000
Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	70,594,000	79,066,000
Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,577,000	22,881,000
Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	17,063,000	32,018,000
Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	19,307,000	21,730,000
Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	973,000	1,199,000
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	55,254,000	67,644,000
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	4,640,000	8,955,000
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	94.30%	94.10%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	77.60%	83.10%
Outstanding principal balance of acquired loans	189,967,000	243,078,000
Pass [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,646,000	20,470,000
Pass [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	34,874,000	45,619,000
Pass [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	379,000	3,667,000
Pass [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	1,315,000
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	4,623,000	8,383,000
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	503,000	543,000
Pass [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	29,347,000	32,448,000
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	93,387,000	118,124,000
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	408,000	418,000
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	6,953,000	13,717,000
Pass [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,881,000	2,859,000
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	19,307,000	21,730,000
Pass [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	973,000	1,199,000
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	9,807,000	9,982,000
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	1,171,000	3,544,000
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	1.90%	4.20%
Outstanding principal balance of acquired loans	4,690,000	12,157,000
Special Mention [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	38,120,000	36,284,000
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	2,669,000	6,315,000
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	3,019,000	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	1,104,000	1,361,000
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	27,739,000	30,579,000
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	917,000	4,481,000
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	1,497,000	2,725,000
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	5,865,000	2,980,000
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	5.10%	5.00%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	20.50%	12.60%
Outstanding principal balance of acquired loans	50,203,000	36,742,000
Substandard [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	101,142,000	145,411,000
Substandard [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,868,000	595,000
Substandard [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,959,000	8,263,000
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	6,031,000	360,000
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	111,000
Substandard [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,754,000	2,458,000
Substandard [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	3,324,000
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	30,843,000	28,979,000
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	42,447,000	48,069,000
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	6,707,000	4,239,000
Substandard [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	11,685,000	25,662,000
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	39,582,000	54,682,000
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	3,469,000	5,411,000
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	444,000
Doubtful [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	772,000
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	444,000
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	772,000
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

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Net income	$ 35,163	$ 30,121	$ 102,651	$ 80,475
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sale securities, net of quarter-to-date tax of $1,422 and $14,154, and year-to-date tax of $13,394 and $4,498, respectively	(2,447)	24,360	(23,053)	(12,895)
Reclassification adjustment of net gain from sale of available-for-sale securities included in net income	0	0	0	5,153
Other comprehensive income (loss)	(2,447)	24,360	(23,053)	(7,742)
Comprehensive income	$ 32,716	$ 54,481	$ 79,598	$ 72,733

XML

Dividends

9 Months Ended

Jun. 30, 2012

Dividends [Abstract]

Dividends

Dividends

On July 19, 2012, the Company paid its 118^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.06 for the quarters ended June 30, 2012 and 2011, respectively.

XML

Loans Receivable (excluding Covered Loans) (Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Jun. 30, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretion, Carrying Amount of Loans	$ 1,303	$ 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	(3,278)
Accretion, Carrying Amount of Loans	3,278
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	(12,714)
Balance at end of period, AccretableYield	18,328
Balance at end of period, Carrying Amount of Loans	$ 83,545

XML

Fair Value Measurements (Reconciliation Of Amortized Cost of Fair Value of Investments) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended		12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2011
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	$ 3,526,928		$ 3,119,510
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Available-for-sale Securities, Gross Unrealized Gains	103,510		135,959
Available-for-sale Securities, Gross Unrealized Losses	(4,323)		(325)
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Securities	3,626,115		3,255,144
Investment Yield [Abstract]
Available-for-sale Securities, Yield	4.11%		4.62%
Held-to-maturity Securities, Yield	5.32%		5.33%
Yield	4.12%		4.63%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount	35,228		47,036
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Held-to-maturity Securities, Unrecognized Holding Gain	2,799		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	38,027		50,616
Investments	3,562,156		3,166,546
Gross Unrealized Gains on Investments	106,309		139,539
Gross Unrealized Losses on Investments	(4,323)		(325)
Investments, Fair Value Disclosure	3,664,142		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	34,433		45,086
Held to Maturity Securities, Gross Unrecognized Gains (Losses) [Abstract]
Gross Unrecognized Gains Without Single Maturity	2,782		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	37,215		48,593
Municipal Bonds [Member]
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains, Within One Year	17
Gross Unrealized Losses, Within One Year	0
Investment Yield [Abstract]
Yield, Within One Year	5.72%
Yield, After One Through Five Years	0.00%		6.52%
Yield, After Five Through Ten Years	0.00%		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, within One Year, Net Carrying Amount	795
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	0		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	0		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, within One Year, Fair Value	812
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	0		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	20,446		20,461
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains, After Ten Years	3,555		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	24,001		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	109,300		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	36		34
Gross Unrealized Gains After One Through Five Years	0		0
Gross Unrealized Gains, Five Through Ten Years	4,330		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	(25)		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	536		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	113,605		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	1.34%		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	273,658
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	350
Gross Unrealized Gains, Five Through Ten Years	464		284
Gross Unrealized Losses, After One Through Five Years	(58)
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	273,950
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	29,264		29,959
Investment Yield [Abstract]
Yield, After One Through Five Years	0.87%
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	3,093,024		2,883,734
Available-for-sale Securities, Gross Realized Gain (Loss) [Abstract]
Gross Unrealized Gains Without Single Maturity	94,775		127,356
Gross Unrealized Losses Without Single Maturity	(3,040)		0
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	$ 3,184,759		$ 3,011,090
Investment Yield [Abstract]
Yield, Without Single Maturity	4.48%		4.72%

XML

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2012:

	Fair Value at June 30, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		114,141		—		114,141
Obligations of states and political subdivisions	—		24,001		—		24,001
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		303,214		—		303,214
Mortgage-backed securities					—
Agency pass-through certificates	—		3,184,759		—		3,184,759
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	3,626,115	$	—	$	3,626,115

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 June 30, 2012, and the total losses resulting from those fair value adjustments for the quarter and nine months ended June 30, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through June 30, 2012								Quarter Ended June 30, 2012		Nine Months Ended June 30, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	133,929	$	133,929	$	13,459	$	36,291
Covered REO (2)	—		—		32,817		32,817		923		2,124
Real estate held for sale (2)	—		—		157,547		157,547		21,756		61,100
Balance at end of period	$	—	$	—	$	324,293	$	324,293	$	36,138	$	99,515

 ___________________

(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.

		June 30, 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	$	963,766	$	963,766	$	816,002	$	816,002
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		114,141		114,141		190,527		190,527
Obligations of states and political subdivisions		24,001		24,001		23,568		23,568
Obligations of foreign governments		—		—		—		—
Corporate debt securities		303,214		303,214		29,959		29,959
Mortgage-backed securities
Agency pass-through certificates		3,184,759		3,184,759		3,011,090		3,011,090
Other debt securities		—		—		—		—
Total available-for-sale securities		3,626,115		3,626,115		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		812		1,950		2,023
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		34,433		37,215		45,086		48,593
Other debt securities		—		—		—		—
Total held-to-maturity securities		35,228		38,027		47,036		50,616
Loans receivable	3	7,616,205		8,262,700		7,935,877		8,479,307
Covered loans	3	302,681		304,420		382,183		375,027
FDIC indemnification asset	3	97,380		95,138		98,871		101,751
FHLB stock	2	151,674		151,674		151,755		151,755
Financial liabilities
Customer accounts	2	8,683,181		8,500,515		8,665,903		8,557,357
FHLB advances and other borrowings	2	2,757,146		3,097,509		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:

	June 30, 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	$	36	$	—		$	536	4.00	%
1 to 5 years	—		—		—			—		—
5 to 10 years	109,300		4,330		(25		)	113,605		1.34
Over 10 years	—		—		—			—		—
Corporate bonds due
1 to 5 years	273,658		350		(58		)	273,950		0.87
5 to 10 years	30,000		464		(1,200		)	29,264		4.00
Municipal bonds due
Over 10 years	20,446		3,555		—			24,001		6.45
Mortgage-backed securities
Agency pass-through certificates	3,093,024		94,775		(3,040		)	3,184,759		4.48
	3,526,928		103,510		(4,323		)	3,626,115		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		17		—			812		5.72
1 to 5 years	—		—		—			—		—
5 to 10 years	—		—		—			—		—
Over 10 years	—		—		—			—		—
U.S. government and agency securities due
1 to 5 years	—		—		—			—		—
Mortgage-backed securities
Agency pass-through certificates	34,433		2,782		—			37,215		5.31
	35,228		2,799		—			38,027		5.32
	$	3,562,156	$	106,309	$	(4,323	)	$	3,664,142	4.12	%

	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 June 30, 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	$	(1,258	)	$	32,400	$	—		$	—	$	(1,258	)	$	32,400
U.S. government and agency securities due	(25		)	99,975		—			—		(25		)	99,975
Agency pass-through certificates	(2,787		)	401,777		(253		)	33,822		(3,040		)	435,599
	(4,070		)	$	534,152	$	(253	)	$	33,822	(4,323		)	$	567,974