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 December 31, 2012

or

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

For the transition period from to

Commission file number 001-34654

WASHINGTON FEDERAL, INC.

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

APPLICABLE ONLY TO CORPORATE ISSUERS

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

Title of class:	at February 1, 2013
Common stock, $1.00 par value	105,203,448

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 December 31, 2012 and September 30, 2012	3
	Consolidated Statements of Operations for the quarters ended December 31, 2012 and 2011	4
	Consolidated Statements of Comprehensive Income for the quarters ended December 31, 2012 and 2011	5
	Consolidated Statements of Cash Flows for the three months ended December 31, 2012 and 2011	6
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	38
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	46
Item 4.	Controls and Procedures	46
PART II
Item 1.	Legal Proceedings	47
Item 1A.	Risk Factors	47
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	47
Item 3.	Defaults Upon Senior Securities	47
Item 5.	Other Information	47
Item 6.	Exhibits	47
	Signatures	48

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	December 31, 2012			September 30, 2012
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	637,298		$	751,430
Available-for-sale securities, at fair value	2,003,777			1,781,705
Held-to-maturity securities, at amortized cost	1,407,246			1,191,487
Loans receivable, net	7,614,910			7,451,998
Covered loans, net	380,594			288,376
Interest receivable	47,830			46,857
Premises and equipment, net	207,185			178,845
Real estate held for sale	101,103			99,478
Covered real estate held for sale	36,030			29,549
FDIC indemnification asset	90,415			87,571
FHLB stock	153,542			149,840
Intangible assets, net	267,389			256,076
Federal and state income tax assets, net	26,519			22,513
Other assets	133,004			137,219
	$	13,106,842		$	12,472,944
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	3,571,987		$	2,946,453
Time deposit accounts	5,662,104			5,630,165
	9,234,091			8,576,618
FHLB advances	1,880,000			1,880,000
Advance payments by borrowers for taxes and insurance	16,552			40,041
Federal and State income tax liabilities, net	—			—
Accrued expenses and other liabilities	61,521			76,533
	11,192,164			10,573,192
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 131,966,720 and 129,950,223 shares issued; 105,498,098 and 106,177,615 shares outstanding	131,967			129,950
Paid-in capital	1,619,026			1,586,295
Accumulated other comprehensive income, net of taxes	11,639			13,306
Treasury stock, at cost; 26,468,622 and 23,772,608 shares	(355,326		)	(310,579		)
Retained earnings	507,372			480,780
	1,914,678			1,899,752
	$	13,106,842		$	12,472,944

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended December 31,
	2012			2011
	(In thousands, except per share data)
INTEREST INCOME
Loans	$	116,843		$	127,479
Mortgage-backed securities	11,732			26,296
Investment securities and cash equivalents	2,734			2,151
	131,309			155,926
INTEREST EXPENSE
Customer accounts	18,772			23,949
FHLB advances and other borrowings	17,103			28,263
	35,875			52,212
Net interest income	95,434			103,714
Provision for loan losses	3,600			11,210
Net interest income after provision for loan losses	91,834			92,504
OTHER INCOME
Gain on sale of investments	—			—
Other	4,957			4,645
	4,957			4,645
OTHER EXPENSE
Compensation and benefits	21,072			18,675
Occupancy	4,446			3,931
FDIC insurance premiums	3,342			4,193
Other	9,438			7,564
	38,298			34,363
Loss on real estate acquired through foreclosure, net	(3,319		)	(10,570		)
Income before income taxes	55,174			52,216
Income tax provision	19,892			18,798
NET INCOME	$	35,282		$	33,418
PER SHARE DATA
Basic earnings	$	0.33		$	0.31
Diluted earnings	0.33			0.31
Cash dividends per share	0.08			0.08
Basic weighted average number of shares outstanding	105,998,184			107,845,011
Diluted weighted average number of shares outstanding, including dilutive stock options	106,043,914			107,894,572

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended December 31,
	2012			2011
	(In thousands)
Net income	$	35,282		$	33,418
Other comprehensive income (loss) net of tax:
Net unrealized losses on available-for-sales securities	(2,636		)	(2,519		)
Related tax benefit	969			926
Reclassification adjustment of net gain from sale
of available-for-sale securities included in net income	—			—
Related tax benefit (expense)	—			—
Other comprehensive loss	(1,667		)	(1,593		)
Comprehensive income	$	33,615		$	31,825

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Three Months Ended
	December 31, 2012			December 31, 2011
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	35,282		$	33,418
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	536			6,890
Cash received from FDIC under loss share	4,566			6,761
Depreciation	2,300			1,875
Stock option compensation expense	300			300
Provision for loan losses	3,600			11,210
Loss on real estate held for sale, net	1,193			19,859
Decrease (increase) in accrued interest receivable	1,058			(1,391		)
Increase in FDIC loss share receivable	—			(1,356		)
Increase (decrease) in income taxes payable	(3,038		)	18,813
Decrease in other assets	30,191			3,868
Increase (decrease) in accrued expenses and other liabilities	(15,437		)	2,021
Net cash provided by operating activities	60,551			102,268
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	187,382			203,949
FHLB stock redemptions	1,382			—
Available-for-sale securities purchased	(261,966		)	(581,337		)
Principal payments and maturities of available-for-sale securities	31,404			276,982
Available-for-sale securities sold	43,899			3,500
Held-to-maturity securities purchased	(264,781		)	—
Principal payments and maturities of held-to-maturity securities	50,522			4,845
Net cash received from acquisition	202,308			50,451
Proceeds from sales of real estate held for sale	30,145			28,801
Proceeds from sales of covered REO	3,043			11,881
Premises and equipment purchased and REO improvements	(12,185		)	(9,308		)
Net cash provided (used) by investing activities	11,153			(10,236		)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in customer accounts	(77,942		)	73,982
Net decrease in borrowings	(22,471		)	(18,873		)
Proceeds from exercise of common stock options	63			2
Dividends paid on common stock	(17,250		)	(8,517		)
Treasury stock purchased	(44,747		)	(20,311		)
Decrease in advance payments by borrowers for taxes and insurance	(23,489		)	(24,406		)
Net cash provided (used) by financing activities	(185,836		)	1,877
Increase (decrease) in cash and cash equivalents	(114,132		)	93,909
Cash and cash equivalents at beginning of period	751,430			816,002
Cash and cash equivalents at end of period	$	637,298		$	909,911

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Three Months Ended
	December 31, 2012			December 31, 2011
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	22,762		$	42,774
Covered real estate acquired through foreclosure	3,096			5,472
Cash paid during the period for
Interest	37,457			53,776
Income taxes	—			—
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	$	810,766		$	124,594
Fair value of liabilities assumed	(766,871		)	(154,493		)
Net fair value of assets (liabilities)	43,895			(29,899		)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

NOTE A – Summary of Significant Accounting Policies

The consolidated unaudited interim financial statements included in this report have been prepared by Washington Federal, Inc. (“The 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, 2012 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 2012 Annual Report on Form 10-K (“2012 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

The significant accounting policies used in preparation of our consolidated financial statements are disclosed in our 2012 Form 10-K. Other than as discussed below, there have not been any material changes in our significant accounting policies compared to those contained in our 2012 Form 10-K.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at December 31, 2012, excluding covered loans, of $252,553,000. The Company estimates losses on off-balance-sheet credit exposures by including the exposures with the related principal balance outstanding and then applying its general reserve methodology.

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

NOTE B - Acquisitions

South Valley Bank and Trust

Effective as of the close of business October 31, 2012, Washington Federal completed the acquisition of South Valley Bank and Trust, headquartered in Klamath Falls, Oregon (“South Valley”). The acquisition provided $383 million of net loans, $107 million of net covered loans, $735 million of deposit accounts, including $533 million in transaction deposit accounts and 24 branch locations in Central and Southern Oregon. Total consideration at closing of $44 million, including $33 million of Washington Federal, Inc. stock and $10 million of cash resulting from the collection of certain earn-out assets. If other earn out assets are collected over time, the total purchase price could be reduced by up to $14 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 is subject to future adjustment based on the completion of valuations. All fair adjustment amounts currently recognized in the financial statements at December 31, 2012 were determined provisionally as the purchase accounting fair value analysis was incomplete as of December 31, 2012. The determination of whether a loan is impaired and accounted for under ASC 310 was still in process as part of the acquisition date loan valuation; therefore, all loans are categorized as acquired loans without differentiation between non-impaired and credit impaired at December 31, 2012.

Loans that were classified as non-performing loans by South Valley are no longer classified as non-performing because, at acquisition, the carrying value of the loans was adjusted to reflect fair value. Management believes that the new book value reflects an amount that will ultimately be collected.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period from November 1, 2012 to December 31, 2012.

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

8

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

	Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,899
FHLB stock	5,211
Loans receivable, net	343,510
Covered loans receivable, net	107,075
FDIC indemnification asset	17,364
Property and equipment, net	24,561
Core deposit intangible	3,000
Real estate held for sale	10,857
Covered real estate held for sale	6,031
Goodwill	8,692
Other assets	27,855
Total Assets	810,766
Liabilities:
Customer accounts	735,415
FHLB advances	22,471
Other liabilities	8,985
Total Liabilities	766,871
Net assets acquired	$	43,895
Consideration provided:
Equity Issued	$	33,492
Cash paid	10,403
	$	43,895

9

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

NOTE C – Dividends

On December 31, 2012, the Company paid its 120^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.08 for the quarters ended December 31, 2012 and 2011, respectively.

10

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	December 31, 2012				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,573,590	69.4	%	$	5,778,922	73.5	%
Construction - speculative	123,871		1.5		129,637		1.6
Construction - custom	228,140		2.9		211,690		2.7
Land - acquisition & development	109,458		1.4		124,677		1.6
Land - consumer lot loans	137,106		1.7		141,844		1.8
Multi-family	721,802		9.0		710,140		9.0
Commercial real estate	347,564		4.3		319,210		4.1
Commercial & industrial	171,644		2.1		162,823		2.1
HELOC	111,986		1.4		112,902		1.4
Consumer	59,131		0.7		63,374		0.8
Total non-acquired loans	7,584,292		94.4		7,755,219		98.6
Acquired loans
Single-family residential	15,495		0.2		—		—
Construction - speculative	90		—		—		—
Construction - custom	994		—		—		—
Land - acquisition & development	3,520		—		—		—
Land - consumer lot loans	3,891		0.1		—		—
Multi-family	9,333		0.2		—		—
Commercial real estate	178,727		2.2		—		—
Commercial & industrial	106,931		1.3		—		—
HELOC	13,810		0.2		—		—
Consumer	10,759		0.1		—		—
Total credit-impaired acquired loans	343,550		4.3		—		—
Credit-impaired acquired loans
Single-family residential	340		—		342		—
Construction - speculative	1,755		—		1,889		—
Land - acquisition & development	2,677		—		3,702		0.1
Multi-family	—		—		601		—
Commercial real estate	83,657		1.1		87,154		1.1
Commercial & industrial	1,883		—		3,292		—
HELOC	12,849		0.2		14,040		0.2
Consumer	90		—		97		—
Total credit-impaired acquired loans	103,251		1.3		111,117		1.4
Total loans
Single-family residential	5,589,425		69.6		5,779,264		73.5
Construction - speculative	125,716		1.5		131,526		1.6
Construction - custom	229,134		2.9		211,690		2.7
Land - acquisition & development	115,655		1.4		128,379		1.7
Land - consumer lot loans	140,997		1.8		141,844		1.8
Multi-family	731,135		9.2		710,741		9
Commercial real estate	609,948		7.6		406,364		5.2
Commercial & industrial	280,458		3.4		166,115		2.1

11

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

HELOC	138,645		1.8		126,942		1.6
Consumer	69,980		0.8		63,471		0.8
Total loans	8,031,093		100	%	7,866,336		100	%
Less:
Allowance for probable losses	126,827				133,147
Loans in process	204,566				213,286
Discount on acquired loans	50,817				33,484
Deferred net origination fees	33,973				34,421
	416,183				414,338
	$	7,614,910			$	7,451,998

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2012	$	16,928		$	77,613
Additions	—			—
Accretion	(1,360		)	1,360
Transfers to REO	—			(957		)
Payments received, net	—			(8,677		)
Balance as of December 31, 2012	$	15,568		$	69,339

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

	December 31, 2012				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	108,570	66.6	%	$	131,193	75.7	%
Construction - speculative	9,471		5.8		10,634		6.1
Construction - custom	39		—		539		0.3
Land - acquisition & development	14,318		8.8		13,477		7.8
Land - consumer lot loans	4,024		2.5		5,149		3.0
Multi-family	7,907		4.8		4,185		2.4
Commercial real estate	16,958		10.4		7,653		4.4
Commercial & industrial	987		0.6		16		—
HELOC	489		0.3		198		0.1
Consumer	353		0.2		383		0.2
Total non-accrual loans	$	163,116	100	%	$	173,427	100	%

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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

December 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,570,390	$	5,414,979	$	36,484	$	25,122	$	93,805	$	155,411	2.79	%
Construction - Speculative	86,902		78,536		1,373		1,911		5,082		8,366		9.63
Construction - Custom	120,382		120,164		32		147		39		218		0.18
Land - Acquisition & Development	106,679		94,278		557		231		11,613		12,401		11.62
Land - Consumer Lot Loans	136,928		132,135		776		45		3,972		4,793		3.50
Multi-Family	689,164		681,849		3,102		130		4,083		7,315		1.06
Commercial Real Estate	326,551		311,428		7,471		767		6,885		15,123		4.63
Commercial & Industrial	171,634		170,760		223		636		15		874		0.51
HELOC	111,986		111,473		112		—		401		513		0.46
Consumer	59,131		57,104		1,282		393		352		2,027		3.43
Total non-acquired loans	7,379,747		7,172,706		51,412		29,382		126,247		207,041		2.81
Acquired loans
Single-Family Residential	15,495		15,306		$	108	26		55		189		1.22	%
Construction - Speculative	90		90		—		—		—		—		—	%
Construction - Custom	994		994		—		—		—		—		—	%
Land - Acquisition & Development	3,520		3,520		—		—		—		—		—	%
Land - Consumer Lot Loans	3,891		3,839		—		—		52		52		—	%
Multi-Family	9,333		5,659		—		—		3,674		3,674		—	%
Commercial Real Estate	178,727		175,712		—		1,661		1,354		3,015		1.69	%
Commercial & Industrial	106,931		101,134		5,130		—		667		5,797		5.42	%
HELOC	13,810		13,706		16		—		88		104		0.75	%
Consumer	10,759		10,640		84		35		—		119		1.11	%
Total credit-impaired acquired loans	343,550		330,600		5,338		1,722		5,890		12,950		3.77	%
Credit-impaired acquired loans
Single-Family Residential	340		340		—		—		—		—		—
Construction - Speculative	1,755		1,755		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,676		2,612		—		—		64		64		2.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,637		77,474		—		722		5,441		6,163		7.37
Commercial & Industrial	1,883		1,527		51		—		305		356		18.91

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

HELOC	12,849		12,849		—		—		—		—		—
Consumer	90		89		—		—		1		1		1.11
Total credit-impaired acquired loans	103,230		96,646		51		722		5,811		6,584		6.38
Total loans	$	7,826,527	$	7,599,952	$	56,801	$	31,826	$	137,948	$	226,575	2.89

September 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)
Single-Family Residential	$	5,776,002	$	5,618,261	$	34,035	$	16,276	$	107,430	$	157,741	2.73	%
Construction - Speculative	88,849		85,785		142		190		2,732		3,064		3.45
Construction - Custom	107,882		107,215		128		—		539		667		0.62
Land - Acquisition & Development	119,192		106,321		853		1,004		11,014		12,871		10.80
Land - Consumer Lot Loans	141,772		134,560		1,688		375		5,149		7,212		5.09
Multi-Family	676,917		672,263		718		67		3,869		4,654		0.69
Commercial Real Estate	292,261		284,427		699		3,153		3,982		7,834		2.68
Commercial & Industrial	162,802		162,778		8		—		16		24		0.01
HELOC	112,902		112,482		158		64		198		420		0.37
Consumer	63,374		61,405		1,155		431		383		1,969		3.11
Total non-acquired loans	$	7,541,953	$	7,345,497	$	39,584	$	21,560	$	135,312	$	196,456	2.60	%
Credit-impaired acquired loans
Single-Family Residential	342		342		—		—		—		—		—	%
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	3,702		3,219		365		—		118		483		13.05
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	601		—		601		—		—		601		—
Commercial Real Estate	87,134		78,959		412		2,549		5,214		8,175		9.38
Commercial & Industrial	3,292		3,054		238		—		—		238		7.23
HELOC	14,040		13,950		—		90		—		90		0.64
Consumer	97		95		2		—		—		2		2.06
Total credit-impaired acquired loans	111,097		101,508		1,618		2,639		5,332		9,589		8.63	%
Total loans	$	7,653,050	$	7,447,005	$	41,202	$	24,199	$	140,644	$	206,045	2.69	%

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of December 31, 2012, single-family residential loans comprised 84.0% of TDRs.

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

The Company reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area.

The following tables provide information related to loans that were restructured during the periods indicated:

	Quarter Ended December 31,
	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	105	$	29,339	$	29,339	700	$	183,492	$	183,492
Construction - Speculative	1	2,503		2,503		24	6,409		6,409
Construction - Custom	—	—		—		1	1,196		1,196
Land - Acquisition & Development	—	—		—		25	8,524		8,524
Land - Consumer Lot Loans	11	1,836		1,836		65	9,017		9,017
Multi-Family	1	68		68		5	3,161		3,161
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	5		5
HELOC	—	—		—		3	185		185
Consumer	—	—		—		—	—		—
	118	$	33,746	$	33,746	825	$	212,297	$	212,297

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:

	Quarter Ended December 31,
	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	31	$	7,498	36	$	8,413
Construction - Speculative	5	904		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	653
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	36	$	8,402	39	$	9,066

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.

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

• 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 December 31, 2012 and fiscal year ended September 30, 2012:

Quarter Ended December 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	81,815	$	(6,932	)	$	1,582	$	1,043		$	77,508
Construction - speculative	12,060		(927		)	54		(2,527		)	8,660
Construction - custom	347		—			—		(72		)	275
Land - acquisition & development	15,598		(2,328		)	51		1,735			15,056
Land - consumer lot loans	4,937		(317		)	—		343			4,963
Multi-family	5,280		(391		)	6		212			5,107
Commercial real estate	1,956		(212		)	3		904			2,651
Commercial & industrial	7,626		(46		)	25		457			8,062
HELOC	965		(55		)	—		134			1,044
Consumer	2,563		(801		)	368		1,371			3,501
	$	133,147	$	(12,009	)	$	2,089	$	3,600		$	126,827

Fiscal Year Ended September 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,307	$	(53,789	)	$	8,164	$	44,133		$	81,815
Construction - speculative	13,828		(4,916		)	711		2,437			12,060
Construction - custom	623		—			—		(276		)	347
Land - acquisition & development	32,719		(16,978		)	1,341		(1,484		)	15,598
Land - consumer lot loans	5,520		(2,670		)	—		2,087			4,937
Multi-family	7,623		(1,393		)	504		(1,454		)	5,280
Commercial real estate	4,331		(814		)	225		(1,786		)	1,956
Commercial & industrial	5,099		(249		)	2,366		410			7,626
HELOC	1,139		(232		)	66		(8		)	965
Consumer	2,971		(3,538		)	1,480		1,650			2,563
	$	157,160	$	(84,579	)	$	14,857	$	45,709		$	133,147

The Company recorded a $3,600,000 provision for loan losses during the quarter ended December 31, 2012, while an $11,210,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $264,219,000, or 2.02%, of total assets at December 31, 2012, compared to $343,665,000, or 2.52%, 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 December 31, 2012. Non-accrual loans decreased from $185,783,000 at December 31, 2011, to $163,116,000 at December 31, 2012, a 12.2% decrease. The Company had net charge-offs of $9,920,000 for the quarter ended December 31, 2012, compared with $13,829,000 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. $115,141,000 of the allowance

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

was calculated under our general allowance methodology and the remaining $11,686,000 was made up of specific reserves on loans that were deemed to be impaired at December 31, 2012. For the period ending December 31, 2011, $114,552,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $39,988,000 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 an increase in delinquencies and elevated charge-offs in the single family residential portfolio.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2012 and September 30, 2012:

December 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,473	$	5,468,956	1.4	%	$	35	$	104,634	—	%
Construction - speculative	6,567		106,292		6.2		2,093		17,579		11.9
Construction - custom	275		228,140		0.1		—		—		—
Land - acquisition & development	9,097		78,188		11.6		5,959		31,270		19.1
Land - consumer lot loans	4,217		134,610		3.1		746		2,496		29.9
Multi-family	2,862		707,153		0.4		2,245		14,649		15.3
Commercial real estate	2,043		333,610		0.6		608		13,954		4.4
Commercial & industrial	8,062		171,148		4.7		—		496		—
HELOC	1,044		111,986		0.9		—		—		—
Consumer	3,501		59,131		5.9		—		—		—
	$	115,141	$	7,399,214	1.6		$	11,686	$	185,078	6.3

 ___________________

(1) Excludes acquired and covered loans

September 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	$	81,737	$	5,694,337	1.4	%	$	78	$	84,584	0.1	%
Construction - speculative	9,079		104,312		8.7		2,981		25,325		11.8
Construction - custom	347		211,690		0.2		—		—		—
Land - acquisition & development	6,697		47,294		14.2		8,901		77,383		11.5
Land - consumer lot loans	4,176		138,666		3.0		761		3,178		23.9
Multi-family	2,818		694,140		0.4		2,462		16,000		15.4
Commercial real estate	1,158		292,550		0.4		798		26,660		3.0
Commercial & industrial	7,624		161,689		4.7		2		1,134		0.2
HELOC	965		112,812		0.9		—		90		—
Consumer	2,563		63,374		4.0		—		—		—
	$	117,164	$	7,520,864	1.6		$	15,983	$	234,354	6.8

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

(1) Excludes acquired and covered loans

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

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

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

December 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,394,895		$	2,537		$	176,158		$	—		$	—		$	5,573,590
Construction - speculative	84,207			11,241			28,423			—			—			123,871
Construction - custom	228,140			—			—			—			—			228,140
Land - acquisition & development	67,717			3,430			38,311			—			—			109,458
Land - consumer lot loans	135,240			124			1,742			—			—			137,106
Multi-family	697,812			2,243			21,747			—			—			721,802
Commercial real estate	292,210			22,490			32,864			—			—			347,564
Commercial & industrial	167,026			1,673			2,906			—			39			171,644
HELOC	111,986			—			—			—			—			111,986
Consumer	58,363			411			357			—			—			59,131
	7,237,596			44,149			302,508			—			39			7,584,292
Acquired loans
Single-family residential	15,495			—			—			—			—			15,495
Construction - speculative	—			—			90			—			—			90
Construction - custom	994			—			—			—			—			994
Land - acquisition & development	2,247			—			1,273			—			—			3,520
Land - consumer lot loans	3,760			86			45			—			—			3,891
Multi-family	3,310			179			5,844			—			—			9,333
Commercial real estate	135,480			6,569			34,059			—			2,619			178,727
Commercial & industrial	67,857			16,319			20,592			—			2,163			106,931
HELOC	12,342			—			674			—			794			13,810
Consumer	10,748			—			11			—			—			10,759
	252,233			23,153			62,588			—			5,576			343,550
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,611			—			2,820			—			—			4,431
Pool 2 - Single-family residential	340			—			—			—			—			340
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,940			—			—			—			—			12,940
Pool 5 - Commercial real estate	52,982			1,025			28,654			996			—			83,657
Pool 6 - Commercial & industrial	1,031			73			523			256			—			1,883
Total credit impaired acquired loans	68,904			1,098			31,997			1,252			—			103,251
Total gross loans	$	7,558,733		$	68,400		$	397,093		$	1,252		$	5,615		$	8,031,093
Total grade as a % of total gross loans	94.6		%	0.8		%	4.6		%	—		%	—		%

21

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

September 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,588,252		$	844		$	189,826		$	—		$	—		$	5,778,922
Construction - speculative	86,126			10,113			33,398			—			—			129,637
Construction - custom	211,690			—			—			—			—			211,690
Land - acquisition & development	73,661			4,637			46,379			—			—			124,677
Land - consumer lot loans	140,006			223			1,615			—			—			141,844
Multi-family	684,649			5,098			20,393			—			—			710,140
Commercial real estate	278,022			16,282			24,906			—			—			319,210
Commercial & industrial	158,421			1,071			3,331			—			—			162,823
HELOC	112,902			—			—			—			—			112,902
Consumer	62,611			354			409			—			—			63,374
	7,396,340			$	38,622		$	320,257		$	—		$	—		$	7,755,219
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,466			—			3,125			—			—			5,591
Pool 2 - Single-family residential	342			—			—			—			—			342
Pool 3 - Multi-family	—			—			601			—			—			601
Pool 4 - HELOC & other consumer	14,137			—			—			—			—			14,137
Pool 5 - Commercial real estate	53,683			4,308			28,200			963			—			87,154
Pool 6 - Commercial & industrial	1,566			58			733			935			—			3,292
Total credit impaired acquired loans	72,194			4,366			32,659			1,898			—			111,117
Total gross loans	$	7,468,534		$	42,988		$	352,916		$	1,898		$	—		$	7,866,336
Total grade as a % of total gross loans	94.9		%	0.6		%	4.5		%	—		%	—		%

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

December 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,465,020	98.1	%	$	108,570	1.9	%
Construction - speculative	114,400		92.4		9,471		7.6
Construction - custom	228,101		100.0		39		—
Land - acquisition & development	95,140		86.9		14,318		13.1
Land - consumer lot loans	133,082		97.1		4,024		2.9
Multi-family	713,895		98.9		7,907		1.1
Commercial real estate	330,606		95.1		16,958		4.9
Commercial & industrial	170,657		99.4		987		0.6
HELOC	111,497		99.6		489		0.4
Consumer	58,778		99.4		353		0.6
	$	7,421,176	97.8		$	163,116	2.2

22

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

September 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,647,729	97.7	%	$	131,193	2.3	%
Construction - speculative	119,003		91.8		10,634		8.2
Construction - custom	211,151		99.7		539		0.3
Land - acquisition & development	111,200		89.2		13,477		10.8
Land - consumer lot loans	136,695		96.4		5,149		3.6
Multi-family	705,955		99.4		4,185		0.6
Commercial real estate	311,557		97.6		7,653		2.4
Commercial & industrial	162,807		100.0		16		—
HELOC	112,704		99.8		198		0.2
Consumer	62,991		99.4		383		0.6
	$	7,581,792	97.8	%	$	173,427	2.2	%

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

23

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

								Average Recorded Investment
December 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended December 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	42,110	$	49,559	$	—		$	43,478
Construction - speculative	4,637		5,529		—			4,681
Construction - custom	568		568		—			568
Land - acquisition & development	11,875		23,244		—			12,020
Land - consumer lot loans	3,094		3,316		—			2,982
Multi-family	5,022		5,022		—			4,281
Commercial real estate	12,857		14,198		—			11,101
Commercial & industrial	3,164		8,469		—			2,387
HELOC	1,163		1,163		—			737
Consumer	1		17		—			13
	84,491		111,085		—			82,248
With an allowance recorded:
Single-family residential	355,311		363,996		19,073			356,506
Construction - speculative	19,533		20,438		2,093			19,975
Construction - custom	—		—		—			—
Land - acquisition & development	20,994		23,763		5,959			22,418
Land - consumer lot loans	13,785		13,857		746			13,803
Multi-family	18,524		18,639		2,245			18,620
Commercial real estate	8,360		8,360		608			8,382
Commercial & industrial	—		—		—			—
HELOC	741		741		—			737
Consumer	—		—		—			—
	437,248		449,794		30,724		(1)	440,441
Total:
Single-family residential	397,421		413,555		19,073			399,984
Construction - speculative	24,170		25,967		2,093			24,656
Construction - custom	568		568		—			568
Land - acquisition & development	32,869		47,007		5,959			34,438
Land - consumer lot loans	16,879		17,173		746			16,785
Multi-family	23,546		23,661		2,245			22,901
Commercial real estate	21,217		22,558		608			19,483
Commercial & industrial	3,164		$	8,469	—			2,387
HELOC	1,904		1,904		—			1,474
Consumer	1		17		—			13
	$	521,739	$	560,879	$	30,724	(1)	$	522,689

____________________ 

(1)Includes $11,686,000 of specific reserves and $19,038,000 included in the general reserves.

24

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	106,955	$	124,342	$	—		$	49,524
Construction - speculative	13,726		16,568		—			13,581
Construction - custom	—		—		—			—
Land - acquisition & development	18,000		30,209		—			16,417
Land - consumer lot loans	1,677		2,185		—			487
Multi-family	8,792		8,991		—			6,935
Commercial real estate	31,190		42,656		—			12,946
Commercial & industrial	1,146		7,363		—			581
HELOC	90		1,066		—			36
Consumer	—		4		—			—
	181,576		233,384		—			100,507
With an allowance recorded:
Single-family residential	317,901		317,901		25,723			305,350
Construction - speculative	12,836		12,836		2,981			12,822
Construction - custom	—		—		—			—
Land - acquisition & development	20,750		20,750		8,901			21,650
Land - consumer lot loans	13,881		13,881		761			13,126
Multi-family	14,153		14,555		2,462			14,279
Commercial real estate	3,722		3,722		798			2,897
Commercial & industrial	—		2		2			22
HELOC	734		734		—			743
Consumer	—		—		—			—
	383,977		384,381		41,628		(1)	370,889
Total:
Single-family residential	424,856		442,243		25,723			354,874
Construction - speculative	26,562		29,404		2,981			26,403
Construction - custom	—		—		—			—
Land - acquisition & development	38,750		50,959		8,901			38,067
Land - consumer lot loans	15,558		16,066		761			13,613
Multi-family	22,945		23,546		2,462			21,214
Commercial real estate	34,912		46,378		798			15,843
Commercial & industrial	1,146		7,365		2			603
HELOC	824		1,800		—			779
Consumer	—		4		—			—
	$	565,553	$	617,765	$	41,628	(1)	$	471,396

(1) Includes $15,983,000 of specific reserves and $25,645,000 included in the general reserves.

25

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

NOTE F – New Accounting Pronouncements

There were no new accounting pronouncements issued since the Company's 2012 Form 10-K was filed.

NOTE G – Fair Value Measurements

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

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

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

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

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

Measured on a Recurring Basis

Securities

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

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

	Fair Value at December 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		407,372		—		407,372
Obligations of states and political subdivisions	—		25,060		—		25,060
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		403,357		—		403,357
Mortgage-backed securities					—
Agency pass-through certificates	—		1,167,988		—		1,167,988
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,003,777	$	—	$	2,003,777

26

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

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

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

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

	Through December 31, 2012								Quarter Ended December 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	21,238	$	21,238	$	9,813
Covered REO (2)	—		—		3,080		3,080		91
Real estate held for sale (2)	—		—		25,426		25,426		7,536
Balance at end of period	$	—	$	—	$	49,744	$	49,744	$	17,440

 ___________________

(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 December 31, 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

27

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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.

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

		December 31, 2012				September 30, 2012
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	637,298	$	637,298	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		407,372		407,372		183,560		183,560
Obligations of states and political subdivisions		25,060		25,060		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		403,357		403,357		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,167,988		1,167,988		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,003,777		2,003,777		1,781,705		1,781,705
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		—		—		795		802
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		1,407,246		1,423,571		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,407,246		1,423,571		1,191,487		1,217,223
Loans receivable	3	7,614,910		8,324,457		7,451,998		7,949,892
Covered loans	3	380,594		389,921		288,376		289,754
FDIC indemnification asset	3	90,415		88,033		87,571		85,846
FHLB stock	2	153,542		153,542		149,840		149,840
Financial liabilities
Customer accounts	2	9,234,091		8,902,278		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,880,000		2,105,789		1,880,000		2,110,223

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

29

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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:

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

	December 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	18,133	$	36	$	(51	)	$	18,118	0.44	%
1 to 5 years	58,000		2,597		—			60,597		1.55
5 to 10 years	33,300		1,435		—			34,735		1.75
Over 10 years	293,922		—		—			293,922		0.93
Corporate bonds due
Within 1 year	19,500		5		—			19,505		0.49
1 to 5 years	316,928		2,656		(292		)	319,292		0.84
5 to 10 years	62,954		1,612		(6		)	64,560		2.02
Municipal bonds due
Over 10 years	20,437		4,623		—			25,060		6.45
Mortgage-backed securities
Agency pass-through certificates	1,162,202		6,418		(632		)	1,167,988		2.07
	1,985,376		19,382		(981		)	2,003,777		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	—		—		—			—		—
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	1,407,246		16,616		(291		)	1,423,571		3.05
	1,407,246		16,616		(291		)	1,423,571		3.05
	$	3,392,622	$	35,998	$	(1,272	)	$	3,427,348	2.26	%

31

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

	September 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	$	19,999	$	42		$	(6	)	$	20,035	0.57	%
1 to 5 years	—		—			—			—		—
5 to 10 years	59,300		4,225			—			63,525		2.21
Over 10 years	100,000		—			—			100,000		1.05
Corporate bonds due
1 to 5 years	336,340		2,810			(61		)	339,089		0.91
5 to 10 years	62,919		1,324			(7		)	64,236		2.73
Municipal bonds due
Over 10 years	20,442		4,402			—			24,844		6.45
Mortgage-backed securities
Agency pass-through certificates	1,161,668		9,358			(1,050		)	1,169,976		2.28
	1,760,668		22,161			(1,124		)	1,781,705		1.99
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		7			—			802		5.80
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	1,190,692		25,729			—			1,216,421		3.10
	1,191,487		25,736			—			1,217,223		3.10
	$	2,952,155	$	47,897		$	(1,124	)	$	2,998,928	2.44	%

During the period ending December 31, 2012, $43,899,000 of available-for-sale securities were sold, resulting in a gain of $0. $3,500,000 of available-for-sale securities were sold during the period ending December 31, 2011, resulting in a gain of $0.

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 December 31, 2012, by length of time that individual securities in each category have been in a continuous loss position. Management believes that the declines in fair value of these investments are not an other than temporary impairment.

32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

	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	$	(292	)	$	37,802	$	(6	)	$	9,994	$	(298	)	$	47,796
U.S. government and agency securities due	(51		)	17,582		—			—		(51		)	17,582
Agency pass-through certificates	(844		)	429,745		(79		)	62,556		(923		)	492,301
	(1,187		)	$	485,129	$	(85	)	$	72,550	(1,272		)	$	557,679

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 $416,624,000 as of December 31, 2012, versus $317,925,000 as of September 30, 2012.

As of the close of business October 31, 2012, the Company acquired covered assets as part of the South Valley acquisition as described in Note B. The purchase accounting, for acquired assets and liabilities, mainly related to the valuation of the acquired loans, is subject to future adjustment based on the completion of valuations. The carrying balance of acquired covered loans have been included in the following tables; however, the balances are subject to future adjustment based on the completion of the purchase accounting valuations.

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2012 and the fiscal year ended September 30, 2012 were as follows:

December 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	50,902		$	74,953		$	23,789		$	213,423
Additions (1)	—			107,075			—			—
Accretion	(12,487		)	12,487			(1,803		)	1,803
Transfers to REO	—			(2,512		)	—			—
Payments received, net	—			(9,591		)	—			(17,044		)
Balance at end of period	$	38,415		$	182,412		$	21,986		$	198,182
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

September 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
Reclassification from nonaccretable balance, net	34,690			—			—			—
Accretion	(20,860		)	20,860			(6,581		)	6,581
Transfers to REO	—			(15,905		)	—			—
Payments received, net	—			(46,063		)	—			(63,046		)
Balance at end of period	$	50,902		$	74,953		$	23,789		$	213,423

At December 31, 2012, none of the acquired impaired or non-impaired loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired loans was $465,882,000 and $373,455,000 as of December 31, 2012 and September 30, 2012, respectively. The discount balance related to the acquired loans was $85,288,000 and $85,079,000 as of December 31, 2012 and September 30, 2012, respectively.

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

	December 31, 2012			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,364			3,284
Payments made (received)	(4,566		)	(3,456		)
Amortization	(10,224		)	(15,510		)
Accretion	270			1,619
Balance at end of period	$	90,415		$	87,571
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

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

Credit Risk Profile by Internally Assigned Grade:

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

December 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	31,560		$	—		$	3,085		$	—		$	—		$	34,645
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,065			1,482			6,321			—			—			10,868
Land - consumer lot loans	443			—			—			—			—			443
Multi-family	23,902			—			2,740			—			—			26,642
Commercial real estate	70,032			10,637			29,123			—			—			109,792
Commercial & industrial	6,444			500			5,066			—			—			12,010
HELOC	16,556			—			—			—			—			16,556
Consumer	721			—			—			—			—			721
	152,825			12,619			46,335			—			—			211,779
Total grade as a % of total net loans	72.2		%	6.0		%	21.9		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	—			9,782			5,049			30,539			45,370			54,857
Pool 2 - Single-family residential	—			665			—			1,783			2,448			26,815
Pool 3 - Multi-family	—			—			—			2,973			2,973			5,872
Pool 4 - HELOC & other consumer	—			905			—			2,980			3,885			8,322
Pool 5 - Commercial real estate	—			400			25,636			40,775			66,811			133,471
Pool 6 - Commercial & industrial	—			3,633			994			10,144			14,771			24,766
	$	—		$	15,385		$	31,679		$	89,194		$	136,258		254,103
													Total covered loans			465,882
													Discount			(85,288		)
													Allowance			—
													Covered loans, net			$	380,594

35

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

September 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	32,272		$	—		$	3,404		$	—		$	—		$	35,676
Construction - speculative	90			—			—			—			—			90
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,440			1,970			6,020			—			—			11,430
Land - consumer lot loans	498			—			—			—			—			498
Multi-family	24,898			—			2,747			—			—			27,645
Commercial real estate	89,530			298			31,764			—			—			121,592
Commercial & industrial	7,146			510			5,367			—			—			13,023
HELOC	17,971			—			—			—			—			17,971
Consumer	918			—			—			—			—			918
	176,763			2,778			49,302			—			—			228,843
Total grade as a % of total net loans	77.3		%	1.2		%	21.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,795			5,301			35,857			—			—			50,953
Pool 2 - Single-family residential	669			—			2,953			—			—			3,622
Pool 3 - Multi-family	—			—			2,996			—			—			2,996
Pool 4 - HELOC & other consumer	1,094			—			3,096			—			—			4,190
Pool 5 - Commercial real estate	404			25,785			41,403			—			—			67,592
Pool 6 - Commercial & industrial	3,787			1,006			10,466			—			—			15,259
	$	15,749		$	32,092		$	96,771		$	—		$	—		144,612
													Total covered loans			373,455
													Discount			(85,079		)
													Allowance			—
													Covered loans, net			$	288,376

36

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS ENDED DECEMBER 31, 2012 AND 2011

(UNAUDITED)

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

December 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	34,645	$	31,887	$	50	$	—	$	2,708	$	2,758	7.96	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,868		9,495		—		36		1,337		1,373		12.63
Land - Consumer Lot Loans	443		345		—		—		98		98		22.12
Multi-Family	26,642		24,934		200		—		1,508		1,708		6.41
Commercial Real Estate	109,792		107,753		192		—		1,847		2,039		1.86
Commercial & Industrial	12,010		8,213		369		—		3,428		3,797		31.62
HELOC	16,556		16,247		29		—		280		309		1.87
Consumer	721		719		1		1		—		2		0.28
	$	211,779	$	199,695	$	841	$	37	$	11,206	$	12,084	5.71	%

September 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	$	35,676	$	32,601	$	2,075	$	—	$	1,000	$	3,075	8.62	%
Construction - Speculative	90		90		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	11,430		9,922		—		—		1,508		1,508		13.19
Land - Consumer Lot Loans	498		385		—		—		113		113		22.69
Multi-Family	27,645		26,137		—		—		1,508		1,508		5.45
Commercial Real Estate	121,592		115,206		17		4,447		1,922		6,386		5.25
Commercial & Industrial	13,023		9,513		—		69		3,441		3,510		26.95
HELOC	17,971		17,440		97		50		384		531		2.95
Consumer	918		916		—		1		1		2		2.20
	$	228,843	$	212,210	$	2,189	$	4,567	$	9,877	$	16,633	7.27	%

NM - not meaningful

37

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.

The results discussed below were impacted by the acquisition on close of business October 31, 2012, of South Valley Bank and Trust, headquartered in Klamath Falls, Oregon (“South Valley”). The acquisition provided $383 millionof net loans, $107 million of net covered loans, $735 million of deposit accounts, including $533 million in transaction deposit accounts and 24 branch locations in Central and Southern Oregon. Total consideration at closing of $44 million, including $33 million of Washington Federal, Inc. stock and $10 million of cash resulting from the collection of certain earn-out assets.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period from November 1, 2012 to December 31, 2012.

INTEREST RATE RISK

Historically, the Company accepted 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. Based on Management's assessment of the current interest rate environment, the Company has taken steps, including growing business loans, transaction deposit accounts and extending the maturity on borrowings, to reduce its interest rate risk profile compared to its historical norms.

At December 31, 2012, the Company had approximately $1.6 billion more liabilities subject to repricing in the next year than assets, which amounted to a negative one-year maturity gap of 12.3% of total assets. This was a Increase from the 10.1% negative gap as of September 30, 2012.

The negative one-year maturity gap described above signifies that 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.

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 1.7%. 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 .76%.

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

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 $315 million and the NPV to total assets ratio to decline to 16.14%. As of September 30, 2012 the estimated decrease in NPV in the event of a 200 basis point increase in rates was estimated to decline by $296 million and the NPV to total assets ratio to decline to 15%.

The interest rate spread increased to 2.83% at December 31, 2012 from 2.80% at September 30, 2012. The spread increased due to a decline in the average rate on customer deposit accounts and borrowings. As of December 31, 2012, the weighted average rate on customer deposit accounts and borrowings decreased by 12 basis points compared to September 30, 2012, while the weighted average rates on earning assets decreased by 9 basis points over the same period.

As of December 31, 2012, the Company had increased total assets by $633,898,000 from $12,472,944,000 at September 30, 2012. For the quarter ended December 31, 2012, compared to September 30, 2012, loans (both non-covered and covered) increased $255,130,000, or 3.3%. To help offset the reduced income from loans, investment securities increased $437,831,000, or 14.7%. Cash and cash equivalents of $637,298,000 and stockholders’ equity of $1,914,678,000 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s net worth at December 31, 2012 was $1,914,678,000, or 14.61% of total assets. This was an increase of $14,926,000 from September 30, 2012 when net worth was $1,899,752,000, or 15.23% of total assets. The Company’s net worth was impacted in the three months ended December 31, 2012 by net income of $35,282,000, the payment of $17,250,000 in cash dividends, treasury stock purchases that totaled $44,747,000, as well as a decrease in other comprehensive income of $1,667,000.

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)
December 31, 2012
Total capital to risk-weighted assets	$	1,684,606	26.25	%	$	513,443	8.00	%	$	641,804	10.00	%
Tier I capital to risk-weighted assets	1,603,789		24.99	%	N/A		N/A		385,082		6.00	%
Core capital to adjusted tangible assets	1,603,789		12.49	%	N/A		N/A		642,126		5.00	%
Core capital to total assets	1,603,789		12.49	%	385,276		3.00	%	N/A		N/A
Tangible capital to tangible assets	1,603,789		12.49	%	192,638		1.50	%	N/A		N/A
September 30, 2012
Total capital to risk-weighted assets	1,653,760		27.29	%	484,822		8.00	%	606,028		10.00	%
Tier I capital to risk-weighted assets	1,577,280		26.03	%	N/A		N/A		363,617		6.00	%
Core capital to adjusted tangible assets	1,577,280		12.92	%	N/A		N/A		610,556		5.00	%
Core capital to total assets	1,577,280		12.92	%	366,334		3.00	%	N/A		N/A
Tangible capital to tangible assets	1,577,280		12.92	%	183,167		1.50	%	N/A		N/A

39

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

CHANGES IN FINANCIAL CONDITION

Available-for-sale and held-to-maturity securities: Available-for-sale securities increased $222,072,000, or 12.5%, during the three months ended December 31, 2012, which included the purchase of $261,966,000 of available-for-sale securities. There were $43,899,000 of available-for-sale securities sold during the three months ended December 31, 2012, resulting in no gain or loss. During the same period, there were 264,781,000 of held-to-maturity securities purchased and no sales of held-to-maturity securities. As of December 31, 2012, the Company had net unrealized gains on available-for-sale securities of $11,639,000, net of tax, which were recorded as part of stockholders’ equity. The Company increased its available-for-sale and held-to-maturity investment portfolios to help offset some of the lost interest income on maturing and prepaying loans and mortgage-backed securities.

Loans receivable: During the three months ended December 31, 2012, the balance of loans receivable increased 2.2% to $7,614,910,000 compared to $7,451,998,000 at September 30, 2012. This increase is a result of the acquisition of $344 million in loans from South Valley offset by declining balances 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 loans at rates below 4%, due to the duration risk associated with such low mortgage rates. Additionally, during the quarter, $22,762,000 of loans were transferred to REO. If the current low rates on 30 year fixed-rate mortgages persist, management will consider continuing to shrink the Company's loan portfolio. The following table shows the loan portfolio by category for the last three quarters.

Loan Portfolio by Category *	December 31, 2012				September 30, 2012				June 30, 2012
Non-Acquired loans	(In thousands)
Single-family residential	$	5,573,590	69.4	%	$	5,778,922	73.5	%	$	5,904,805	74.0	%
Construction - speculative	123,871		1.5		129,637		1.6		130,741		1.6
Construction - custom	228,140		2.9		211,690		2.7		210,488		2.6
Land - acquisition & development	109,458		1.4		124,677		1.6		135,392		1.7
Land - consumer lot loans	137,106		1.7		141,844		1.8		145,129		1.8
Multi-family	721,802		9.0		710,140		9.0		692,763		8.7
Commercial real estate	347,564		4.3		319,210		4.1		310,588		3.9
Commercial & industrial	171,644		2.1		162,823		2.1		148,577		1.9
HELOC	111,986		1.4		112,902		1.4		113,559		1.4
Consumer	59,131		0.7		63,374		0.8		68,202		0.9
Total non-acquired loans	7,584,292		94.4		7,755,219		98.6		7,860,244		98.5
Acquired loans	(In thousands)
Single-family residential	15,495		—		—		—		—		—
Construction - speculative	90		—		—		—		—		—
Construction - custom	994		—		—		—		—		—
Land - acquisition & development	3,520		—		—		—		—		—
Land - consumer lot loans	3,891		0.1		—		—		—		—
Multi-family	9,333		0.2		—		—		—		—
Commercial real estate	178,727		2.2		—		—		—		—
Commercial & industrial	106,931		1.3		—		—		—		—
HELOC	13,810		0.2		—		—		—		—
Consumer	10,759		0.1		—		—		—		—
Total acquired loans	343,550		4.1		—		—		—		—
Credit-impaired acquired loans
Single-family residential	340		—		342		—		343		—
Construction - speculative	1,755		—		1,889		—		1,889		—
Land - acquisition & development	2,677		—		3,702		0.1		4,211		0.1
Multi-family	—		—		601		—		1,074		—

40

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Commercial real estate	83,657		1.1		87,154		1.1		91,006		1.0
Commercial & industrial	1,883		—		3,292		—		5,100		0.1
HELOC	12,849		0.2		14,040		0.2		15,037		0.2
Consumer	90		—		97		—		115		—
Total credit-impaired acquired loans	103,251		1.4		111,117		1.4		118,775		1.5
Total loans
Single-family residential	5,589,425		69.4		5,779,264		73.5		5,905,148		74.0
Construction - speculative	125,716		1.5		131,526		1.6		132,630		1.6
Construction - custom	229,134		2.9		211,690		2.7		210,488		2.6
Land - acquisition & development	115,655		1.4		128,379		1.7		139,603		1.8
Land - consumer lot loans	140,997		1.8		141,844		1.8		145,129		1.8
Multi-family	731,135		9.2		710,741		9.0		693,837		8.7
Commercial real estate	609,948		7.6		406,364		5.2		401,594		4.9
Commercial & industrial	280,458		3.4		166,115		2.1		153,677		2
HELOC	138,645		1.8		126,942		1.6		128,596		1.6
Consumer	69,980		0.8		63,471		0.8		68,317		0.9
Total loans	8,031,093		99.8	%	7,866,336		100	%	7,979,019		100	%
Less:
Allowance for probable losses	126,827				133,147				137,951
Loans in process	204,566				213,286				155,051
Discount on acquired loans	50,817				33,484				35,200
Deferred net origination fees	33,973				34,421				34,612
	416,183				414,338				362,814
	$	7,614,910			$	7,451,998			$	7,616,205

 ____________________

* Excludes covered loans

Covered loans: As of December 31, 2012, covered loans increased 32.0%, or $92,218,000, to $380,594,000, compared to September 30, 2012, due to acquisition of FDIC covered loans as part of the South Valley acquisition described in Note B.

Non-performing assets: Non-performing assets, which excludes discounted acquired assets, decreased during the quarter ended December 31, 2012 to $264,219,000 from $272,905,000 at September 30, 2012, a 3.2% 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 2.02% at December 31, 2012 compared to 2.19% at September 30, 2012. This level of NPAs remains significantly higher than the 0.94% average in the Company’s 28+ year history as a public company.

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

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

	December 31, 2012					September 30, 2012
	(In thousands)
Restructured loans:
Single-family residential	$	356,546		84.0	%	$	361,640		83.4	%
Construction - speculative	14,244			3.4		15,907			3.7
Construction - custom	1,196			0.3		1,196			0.3
Land - acquisition & development	13,009			3.1		14,985			3.5
Land - consumer lot loans	13,622			3.2		13,782			3.2
Multi - family	17,517			4.1		17,507			4.0
Commercial real estate	7,337			1.7		7,377			1.7
Commercial & industrial	—			—		—			—
HELOC	891			0.2		884			0.2
Consumer	—			—		—			—
Total restructured loans (1)	424,362			100	%	433,278			100	%
Non-accrual loans:
Single-family residential	108,570			66.6	%	131,193			75.7	%
Construction - speculative	9,471			5.8		10,634			6.1
Construction - custom	39			—		539			0.3
Land - acquisition & development	14,318			8.8		13,477			7.8
Land - consumer lot loans	4,024			2.5		5,149			3.0
Multi-family	7,907			4.8		4,185			2.4
Commercial real estate	16,958			10.4		7,653			4.4
Commercial & industrial	987			0.6		16			—
HELOC	489			0.3		198			0.1
Consumer	353			0.2		383			0.2
Total non-accrual loans (2)	163,116			100	%	173,427			100	%
Total REO (3)	83,000					80,800
Total REHI (3)	18,103					18,678
Total non-performing assets	$	264,219				$	272,905
Total non-performing assets and performing restructured loans as a percentage of total assets	5.05		%			5.42		%
(1)    Restructured loans were as follows:
Performing	$	397,045		93.6	%	$	403,238		93.1	%
Non-accrual *	27,317			6.4		30,040			6.9
	$	424,362		100	%	$	433,278		100	%

* Included in "Total non-accrual loans" above

(2) The Company recognized interest income on nonaccrual loans of approximately $790,000 in the three months ended December 31, 2012. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $2,250,000 for the three months ended December 31, 2012.

In addition to the nonaccrual loans reflected in the above table, at December 31, 2012, the Company had $134,816,000 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 6.07% at December 31, 2012.

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

42

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 84.0% of restructured loans as of December 31, 2012. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period.

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

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

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

	December 31, 2012						September 30, 2012
	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	$	77,508	73.5	%	1.4	%	$	81,815	74.5	%	1.4	%
Construction - speculative	8,660		1.6		7.0		12,060		1.7		9.3
Construction - custom	275		3.0		0.1		347		2.7		0.2
Land - acquisition & development	15,056		1.4		13.8		15,598		1.6		12.5
Land - consumer lot loans	4,963		1.8		3.6		4,937		1.8		3.5
Multi-family	5,107		9.5		0.7		5,280		9.2		0.7
Commercial real estate	2,651		4.6		0.8		1,956		4.1		0.6
Commercial & industrial	8,062		2.3		4.7		7,626		2.1		4.7
HELOC	1,044		1.5		0.9		965		1.5		0.9
Consumer	3,501		0.8		5.9		2,563		0.8		4.0
	$	126,827	100	%			$	133,147	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 $657,473,000, or 7.67%, to $9,234,091,000 at December 31, 2012 compared with $8,576,618,000 at September 30, 2012. The following table shows the composition of the Company’s customer accounts as of the dates shown:

43

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

	December 31, 2012						September 30, 2012
	(In thousands)
					Wtd. Avg. Rate						Wtd. Avg. Rate
Non-interest checking	$	437,533	4.7	%	—	%	$	272,242	3.2	%	—	%
Interest checking	853,727		9.2		0.13	%	622,397		7.3		0.14	%
Savings (passbook/stmt)	366,339		4.0		0.19	%	314,634		3.7		0.20	%
Money Market	1,914,388		20.7		0.26	%	1,737,180		20.2		0.26	%
CD’s	5,662,104		61.4		1.18	%	5,630,165		65.6		1.27	%
Total	$	9,234,091	100	%	0.79	%	$	8,576,618	100	%	0.90	%

FHLB advances and other borrowings: Total borrowings was unchanged at $1,880,000,000 as of December 31, 2012 and September 30, 2012. 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.

44

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 December 31, 2012, produced net income of $35,282,000 compared to $33,418,000 for the same quarter one year ago. The net income for the quarter ended December 31, 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 $3,600,000 and for the quarter ended December 31, 2012, as compared to $11,210,000 for the three 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 loss of $3,319,000 for the three months ended December 31, 2012 as compared to net losses of $10,570,000 for the three month period 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 12/31/12 and 12/31/11
	Volume			Rate			Total
	(In thousands)
Interest income:
Loans and covered loans	$	(4,304	)	$	(6,332	)	$	(10,636	)
Mortgaged-backed securities	(4,991		)	(9,573		)	(14,564		)
Investments (1)	427			156			583
All interest-earning assets	(8,868		)	(15,749		)	(24,617		)
Interest expense:
Customer accounts	518			(5,695		)	(5,177		)
FHLB advances and other borrowings	(8,240		)	(2,920		)	(11,160		)
All interest-bearing liabilities	(7,722		)	(8,615		)	(16,337		)
Change in net interest income	$	(1,146	)	$	(7,134	)	$	(8,280	)

___________________ 

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

Provision for Loan Losses: The Company recorded a $3,600,000 provision for loan losses during the quarter ended December 31, 2012, while a $11,210,000 provision was recorded for the same quarter one year ago. Non-performing assets amounted to $264,219,000, or 2.02% , of total assets at December 31, 2012, compared to $343,665,000, or 2.52%, of total assets one year ago. Non-accrual loans decreased from $185,783,000 at December 31, 2011, to $163,116,000 at December 31, 2012, a 12.2% decrease. The Company had net charge-offs of $9,920,000 for the quarter ended December 31, 2012, compared with $13,829,000 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 year-over-year; second, non-accrual loans as a percentage of net loans decreased from 2.38% at December 31, 2011, to 2.14% at December 31, 2012; third, the percentage of loans 30 days or more delinquent decreased from from 3.13% at December 31, 2011, to 2.80% at December 31, 2012; and finally, the Company's exposure in the land A&D and speculative construction portfolios, the source of the majority of losses during this credit cycle, has decreased from a combined 3.7% of the gross loan portfolio at December 31, 2011, to 3.0% at December 31, 2012. Management believes the allowance for loan losses, totaling $126,827,000, or 1.58% of gross loans is sufficient to absorb estimated losses inherent in the portfolio.

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

45

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Other Income: The quarter ended December 31, 2012 produced total other income of $4,957,000 compared to $4,645,000 for the same quarter one year ago, an increase of $312,000.

Other Expense: The quarter ended December 31, 2012, produced total other expense of $38,298,000 compared to $34,363,000 for the same quarter one year ago, a 11.5% increase. The increase in total other expense over the same comparable period one year ago was primarily due to the increase of $2,397,000 in compensation and benefits, which, for the quarter ended December 31, 2012 included the addition of the employees from the South Valley acquisition as of October 31, 2012 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 $515,000 and $1,874,000 respectively, for the quarter ended December 31, 2012 as compared to the prior year. Total other expense for the quarters ended December 31, 2012 and 2011 equaled 1.20% and 1.01%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,430 and 1,241 at December 31, 2012 and 2011, respectively. FDIC insurance expense decreased to $3,342,000 for the three months ended December 31, 2012 as compared to $4,193,000 for the same quarter one year ago. The FDIC instituted a new assessment basis in the fourth quarter of fiscal 2011, which resulted in an overall lower insurance expense for the Company.

Taxes: Income taxes increased to $19,892,000 for the quarter ended December 31, 2012, as compared to $18,798,000 for the same period one year ago. The effective tax rate for the quarters ended December 31, 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, 2012. 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 2012 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.

46

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 set forth in this report, you should carefully consider the factors discussed under "Part I--Item 1A--Risk Factors" in our Form 10-K for the year ended September 30, 2012. These factors could materially and adversely affect our business, financial condition, liquidity, results of operations and capital position, and could cause our actual results to differ materially from our historical results or the results contemplated by the forward-looking statements contained in this report.

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 December 31, 2012.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of  Publicly Announced Plan (1)	Maximum Number of Shares That May Yet Be Purchased Under the Plan at the End of the Period
October 1, 2012 to October 31, 2012	1,100,000	$	16.76	1,100,000	5,088,030
November 1, 2012 to November 30, 2012	1,008,200	16.61		1,008,200	4,079,830
December 1, 2012 to December 31, 2012	587,814	16.27		587,814	3,492,016
Total	2,696,014	$	—	2,696,014	3,492,016

 ___________________

(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

Not applicable

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 ended December 31, 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.

February 5, 2013	/S/    ROY M. WHITEHEAD
	ROY M. WHITEHEAD Chairman, President and Chief Executive Officer
February 5, 2013	/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:	February 4, 2013	/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:	February 4, 2013	/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 December 31, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the undersigned's best knowledge and belief:

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

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

Date: February 4, 2013

Washington Federal, Inc.

(Company)

/s/ Roy M. Whitehead

ROY M. WHITEHEAD

Chairman, President and Chief Executive Officer

/s/ Brent J. Beardall

BRENT J. BEARDALL

Executive Vice President and Chief Financial Officer

XML

Covered Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Dec. 31, 2012		Sep. 30, 2012
Covered assets	$ 416,624		$ 317,925
Loans and Leases Receivable, Covered Loans, Gross	465,882		373,455
Discount balance related to acquired loans	85,288		85,079
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	87,571		101,634
Additions	17,364	[1]	3,284	[1]
Payments made (received)	(4,566)		(3,456)
Amortization	(10,224)		(15,510)
Accretion, Carrying Amount of Loans	270		1,619
Balance at end of period	90,415		87,571
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	50,902		37,072
Balance at beginning of period, Carrying Amount of Loans	74,953		116,061
Additions, AccretableYield	0	[1]
Additions, Carrying Amount of Loans	107,075	[1]
Reclassification from nonaccretable balance, net, AccretableYield			34,690
Reclassification from nonaccretable balance, net, Carrying Amount of Loans			0
Accretion, AccretableYield	(12,487)		(20,860)
Transfers to REO, AccretableYield	0		0
Transfers to REO, Carrying Amount of Loans	(2,512)		(15,905)
Payments received, net, AccretableYield	0		0
Payments received, net, Carrying Amount of Loans	(9,591)		(46,063)
Balance at end of period, AccretableYield	38,415		50,902
Balance at end of period, Carrying Amount of Loans	182,412		74,953
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	12,487		20,860
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	23,789		30,370
Balance at beginning of period, Carrying Amount of Loans	213,423		269,888
Additions, AccretableYield	0	[1]
Additions, Carrying Amount of Loans	0	[1]
Reclassification from nonaccretable balance, net, AccretableYield			0
Reclassification from nonaccretable balance, net, Carrying Amount of Loans			0
Accretion, AccretableYield	(1,803)		(6,581)
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	(17,044)		(63,046)
Balance at end of period, AccretableYield	21,986		23,789
Balance at end of period, Carrying Amount of Loans	198,182		213,423
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	$ 1,803		$ 6,581

[1] includes FDIC covered loans which were acquired as part of the South Valley acquisition.

XML

Allowance for Losses on Loans (Credit Risk Profile Based on Payment Activity) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,031,093	$ 7,866,336
Nonaccrual loans by portfolio segment	163,116	173,427	185,783
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,421,176	7,581,792
Grade as percentage of total gross loans	97.80%	97.80%
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	264,219		343,665
Grade as percentage of total gross loans	2.02%		2.52%
Nonaccrual loans by portfolio segment	163,116	173,427
Grade as a percetage of total gross loans	2.20%	2.20%
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,589,425	5,779,264
Nonaccrual loans by portfolio segment	108,570	131,193
Residential Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,465,020	5,647,729
Grade as percentage of total gross loans	98.10%	97.70%
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	108,570	131,193
Grade as a percetage of total gross loans	1.90%	2.30%
Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	125,716	131,526
Nonaccrual loans by portfolio segment	9,471	10,634
Construction, Speculative [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	114,400	119,003
Grade as percentage of total gross loans	92.40%	91.80%
Construction, Speculative [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	9,471	10,634
Grade as a percetage of total gross loans	7.60%	8.20%
Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	229,134	211,690
Nonaccrual loans by portfolio segment	39	539
Construction, Custom [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	228,101	211,151
Grade as percentage of total gross loans	100.00%	99.70%
Construction, Custom [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	39	539
Grade as a percetage of total gross loans	0.00%	0.30%
Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	115,655	128,379
Nonaccrual loans by portfolio segment	14,318	13,477
Land, Acquisition and Development [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	95,140	111,200
Grade as percentage of total gross loans	86.90%	89.20%
Land, Acquisition and Development [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	14,318	13,477
Grade as a percetage of total gross loans	13.10%	10.80%
Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	140,997	141,844
Nonaccrual loans by portfolio segment	4,024	5,149
Land, Consumer Lot Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	133,082	136,695
Grade as percentage of total gross loans	97.10%	96.40%
Land, Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	4,024	5,149
Grade as a percetage of total gross loans	2.90%	3.60%
Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	731,135	710,741
Nonaccrual loans by portfolio segment	7,907	4,185
Multi Family Housing [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	713,895	705,955
Grade as percentage of total gross loans	98.90%	99.40%
Multi Family Housing [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	7,907	4,185
Grade as a percetage of total gross loans	1.10%	0.60%
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	609,948	406,364
Nonaccrual loans by portfolio segment	16,958	7,653
Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	330,606	311,557
Grade as percentage of total gross loans	95.10%	97.60%
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	16,958	7,653
Grade as a percetage of total gross loans	4.90%	2.40%
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	280,458	166,115
Nonaccrual loans by portfolio segment	987	16
Commercial and Industrial Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	170,657	162,807
Grade as percentage of total gross loans	99.40%	100.00%
Commercial and Industrial Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	987	16
Grade as a percetage of total gross loans	0.60%	0.00%
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	138,645	126,942
Nonaccrual loans by portfolio segment	489	198
Home Equity Line of Credit [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,497	112,704
Grade as percentage of total gross loans	99.60%	99.80%
Home Equity Line of Credit [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	489	198
Grade as a percetage of total gross loans	0.40%	0.20%
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	69,980	63,471
Nonaccrual loans by portfolio segment	353	383
Consumer Portfolio Segment [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	58,778	62,991
Grade as percentage of total gross loans	99.40%	99.40%
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 353	$ 383
Grade as a percetage of total gross loans	0.60%	0.60%

XML

Loans Receivable (excluding Covered Loans) (Details) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 8,031,093,000	$ 7,866,336,000
Ratio of type of loan to total loans receivable	100.00%	100.00%
Allowance for probable losses	126,827,000	133,147,000	157,160,000
Loans in process	204,566,000	213,286,000
Discount on acquired loans	50,817,000	33,484,000
Deferred net origination fees	33,973,000	34,421,000
Charges against loans receivable	416,183,000	414,338,000
Loans receivable, net	7,614,910,000	7,451,998,000
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,589,425,000	5,779,264,000
Ratio of type of loan to total loans receivable	69.60%	73.50%
Allowance for probable losses	77,508,000	81,815,000	83,307,000
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	125,716,000	131,526,000
Ratio of type of loan to total loans receivable	1.50%	1.60%
Allowance for probable losses	8,660,000	12,060,000	13,828,000
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	229,134,000	211,690,000
Ratio of type of loan to total loans receivable	2.90%	2.70%
Allowance for probable losses	275,000	347,000	623,000
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	115,655,000	128,379,000
Ratio of type of loan to total loans receivable	1.40%	1.70%
Allowance for probable losses	15,056,000	15,598,000	32,719,000
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	140,997,000	141,844,000
Ratio of type of loan to total loans receivable	1.80%	1.80%
Allowance for probable losses	4,963,000	4,937,000	5,520,000
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	731,135,000	710,741,000
Ratio of type of loan to total loans receivable	9.20%	9.00%
Allowance for probable losses	5,107,000	5,280,000	7,623,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	609,948,000	406,364,000
Ratio of type of loan to total loans receivable	7.60%	5.20%
Allowance for probable losses	2,651,000	1,956,000	4,331,000
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	280,458,000	166,115,000
Ratio of type of loan to total loans receivable	3.40%	2.10%
Allowance for probable losses	8,062,000	7,626,000	5,099,000
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	138,645,000	126,942,000
Ratio of type of loan to total loans receivable	1.80%	1.60%
Allowance for probable losses	1,044,000	965,000	1,139,000
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	69,980,000	63,471,000
Ratio of type of loan to total loans receivable	0.80%	0.80%
Allowance for probable losses	3,501,000	2,563,000	2,971,000
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,584,292,000	7,755,219,000
Ratio of type of loan to total loans receivable	94.40%	98.60%
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,573,590,000	5,778,922,000
Ratio of type of loan to total loans receivable	69.40%	73.50%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	123,871,000	129,637,000
Ratio of type of loan to total loans receivable	1.50%	1.60%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	228,140,000	211,690,000
Ratio of type of loan to total loans receivable	2.90%	2.70%
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	109,458,000	124,677,000
Ratio of type of loan to total loans receivable	1.40%	1.60%
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	137,106,000	141,844,000
Ratio of type of loan to total loans receivable	1.70%	1.80%
Non-Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	721,802,000	710,140,000
Ratio of type of loan to total loans receivable	9.00%	9.00%
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	347,564,000	319,210,000
Ratio of type of loan to total loans receivable	4.30%	4.10%
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	171,644,000	162,823,000
Ratio of type of loan to total loans receivable	2.10%	2.10%
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	111,986,000	112,902,000
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	59,131,000	63,374,000
Ratio of type of loan to total loans receivable	0.70%	0.80%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	343,550,000	0
Ratio of type of loan to total loans receivable	4.30%	0.00%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	15,495,000	0
Ratio of type of loan to total loans receivable	0.20%	0.00%
Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	90,000	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	994,000	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	3,520,000	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	3,891,000	0
Ratio of type of loan to total loans receivable	0.10%	0.00%
Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	9,333,000	0
Ratio of type of loan to total loans receivable	0.20%	0.00%
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	178,727,000	0
Ratio of type of loan to total loans receivable	2.20%	0.00%
Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	106,931,000	0
Ratio of type of loan to total loans receivable	1.30%	0.00%
Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	13,810,000	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	10,759,000	0
Ratio of type of loan to total loans receivable	0.10%	0.00%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	103,251,000	111,117,000
Ratio of type of loan to total loans receivable	1.30%	1.40%
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	340,000	342,000
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,755,000	1,889,000
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,677,000	3,702,000
Ratio of type of loan to total loans receivable	0.00%	0.10%
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	601,000
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	83,657,000	87,154,000
Ratio of type of loan to total loans receivable	1.10%	1.10%
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,883,000	3,292,000
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	12,849,000	14,040,000
Ratio of type of loan to total loans receivable	0.20%	0.20%
Credit Impaired Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 90,000	$ 97,000
Ratio of type of loan to total loans receivable	0.00%	0.00%

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Fair Value Measurements (Reconciliation Of Amortized Cost of Fair Value of Investments) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2012
Available-for-Sale Securities, Amortized Cost
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	$ 1,985,376		$ 1,760,668
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Available-for-sale Securities, Gross Unrealized Gains	19,382		22,161
Available-for-sale Securities, Gross Unrealized Losses	981		1,124
Available-for-Sale Securities, Fair Value
Available-for-sale Securities, Debt Securities	2,003,777		1,781,705
Available-for-Sale Securities, Yield
Available-for-sale Securities, Yield	4.11%		1.99%
Held-to-maturity Securities, Yield	3.05%		3.10%
Yield	2.26%		2.44%
Held-to-Maturity Securities, Amortized Cost
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount	1,407,246		1,191,487
Held-to-Maturity Securities, Gross Unrealized Gains
Held-to-maturity Securities, Unrecognized Holding Gain	16,616		25,736
Held-to-Maturity Securities, Gross Unrealized Losses
Held-to-maturity Securities, Unrecognized Holding Loss	(291)		0
Held-to-Maturity Securities, Fair Value
Held-to-maturity Securities, Debt Maturities, Fair Value	1,423,571		1,217,223
Investments	3,392,622		2,952,155
Gross Unrealized Gains on Investments	35,998		47,897
Gross Unrealized Losses on Investments	1,272		1,124
Investments, Fair Value Disclosure	3,427,348		2,998,928
Available-for-sale securities sold	43,899	3,500
US Treasury and Government [Member]
Available-for-Sale Securities, Yield
1 to 5 years	0.00%		0.00%
Held-to-Maturity Securities, Amortized Cost
5 to 10 years	0		0
Held-to-Maturity Securities, Gross Unrealized Gains
1 to 5 years	0		0
Held-to-Maturity Securities, Gross Unrealized Losses
1 to 5 years	0		0
Held-to-Maturity Securities, Fair Value
1 to 5 years	0		0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-Sale Securities, Yield
Agency pass-through certificates	3.05%		3.10%
Held-to-Maturity Securities, Amortized Cost
Agency pass-through certificates	1,407,246		1,190,692
Held-to-Maturity Securities, Gross Unrealized Gains
Agency pass-through certificates	16,616		25,729
Held-to-Maturity Securities, Gross Unrealized Losses
Agency pass-through certificates	(291)		0
Held-to-Maturity Securities, Fair Value
Agency pass-through certificates	1,423,571		1,216,421
Municipal Bonds [Member]
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Within 1 year	0		7
Within 1 year	0		0
Available-for-Sale Securities, Yield
Within 1 year	0.00%		5.80%
1 to 5 years	0.00%		0.00%
5 to 10 years	0.00%		0.00%
Over 10 years	0.00%		0.00%
Held-to-Maturity Securities, Amortized Cost
Within 1 year	0		795
5 to 10 years	0		0
5 to 10 years	0		0
Over 10 years	0		0
Held-to-Maturity Securities, Gross Unrealized Gains
1 to 5 years	0		0
5 to 10 years	0		0
Over 10 years	0		0
Held-to-Maturity Securities, Gross Unrealized Losses
1 to 5 years	0		0
5 to 10 years	0		0
Over 10 years	0		0
Held-to-Maturity Securities, Fair Value
Within 1 year	0		802
1 to 5 years	0		0
5 to 10 years	0		0
Over 10 years	0		0
Municipal Bonds [Member]
Available-for-Sale Securities, Amortized Cost
Over 10 years	20,437		20,442
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Over 10 years	4,623		4,402
Over 10 years	0		0
Available-for-Sale Securities, Fair Value
Over 10 years	25,060		24,844
Available-for-Sale Securities, Yield
Over 10 years	6.45%		6.45%
US Treasury and Government [Member]
Available-for-Sale Securities, Amortized Cost
Within 1 year	18,133		19,999
1 to 5 years	58,000		0
5 to 10 years	33,300		59,300
Over 10 years	293,922		100,000
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Within 1 year	36		42
1 to 5 years	2,597		0
5 to 10 years	1,435		4,225
Over 10 years	0		0
Within 1 year	(51)		(6)
1 to 5 years	0		0
5 to 10 years	0		0
Over 10 years	0		0
Available-for-Sale Securities, Fair Value
Within 1 year	18,118		20,035
1 to 5 years	60,597		0
5 to 10 years	34,735		63,525
Over 10 years	293,922		100,000
Available-for-Sale Securities, Yield
Within 1 year	0.44%		0.57%
1 to 5 years	1.55%		0.00%
5 to 10 years	1.75%		2.21%
Over 10 years	0.93%		1.05%
Corporate Debt Securities [Member]
Available-for-Sale Securities, Amortized Cost
Within 1 year	19,500
1 to 5 years	316,928		336,340
5 to 10 years	62,954		62,919
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Within 1 year	5
1 to 5 years	2,656		2,810
5 to 10 years	1,612		1,324
Within 1 year	0
1 to 5 years	(292)		(61)
5 to 10 years	(6)		(7)
Available-for-Sale Securities, Fair Value
Within 1 year	19,505
1 to 5 years	319,292		339,089
5 to 10 years	64,560		64,236
Available-for-Sale Securities, Yield
Within 1 year	0.49%
1 to 5 years	0.84%		0.91%
5 to 10 years	2.02%		2.73%
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-Sale Securities, Amortized Cost
Agency pass-through certificates	1,162,202		1,161,668
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Agency pass-through certificates	6,418		9,358
Agency pass-through certificates	(632)		(1,050)
Available-for-Sale Securities, Fair Value
Agency pass-through certificates	$ 1,167,988		$ 1,169,976
Available-for-Sale Securities, Yield
Agency pass-through certificates	2.07%		2.28%

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Dividends

3 Months Ended

Dec. 31, 2012

Dividends [Abstract]

Dividends

Dividends

On December 31, 2012, the Company paid its 120^th consecutive quarterly cash dividend on common stock. Dividends per share were $.08 and $.08 for the quarters ended December 31, 2012 and 2011, respectively.

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Loans Receivable (excluding Covered Loans) (Troubled Debt Restructurings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012 Contracts	Dec. 31, 2011 Contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	118	825
Pre-Modification Outstanding Recorded Investment	$ 33,746	$ 212,297
Post-Modification Outstanding Recorded Investment	33,746	212,297
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	84.00%
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	105	700
Pre-Modification Outstanding Recorded Investment	29,339	183,492
Post-Modification Outstanding Recorded Investment	29,339	183,492
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	1	24
Pre-Modification Outstanding Recorded Investment	2,503	6,409
Post-Modification Outstanding Recorded Investment	2,503	6,409
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	1
Pre-Modification Outstanding Recorded Investment	0	1,196
Post-Modification Outstanding Recorded Investment	0	1,196
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	25
Pre-Modification Outstanding Recorded Investment	0	8,524
Post-Modification Outstanding Recorded Investment	0	8,524
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	11	65
Pre-Modification Outstanding Recorded Investment	1,836	9,017
Post-Modification Outstanding Recorded Investment	1,836	9,017
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	1	5
Pre-Modification Outstanding Recorded Investment	68	3,161
Post-Modification Outstanding Recorded Investment	68	3,161
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	1
Pre-Modification Outstanding Recorded Investment	0	308
Post-Modification Outstanding Recorded Investment	0	308
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	1
Pre-Modification Outstanding Recorded Investment	0	5
Post-Modification Outstanding Recorded Investment	0	5
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	3
Pre-Modification Outstanding Recorded Investment	0	185
Post-Modification Outstanding Recorded Investment	0	185
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0
Pre-Modification Outstanding Recorded Investment	0	0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0

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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	Dec. 31, 2012	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	$ 7,826,527	$ 7,653,050
Current	7,599,952	7,447,005
30 Days	56,801	41,202
60 Days	31,826	24,199
90 Days	137,948	140,644
Total	226,575	206,045
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.89%	2.69%
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,379,747	7,541,953
Current	7,172,706	7,345,497
30 Days	51,412	39,584
60 Days	29,382	21,560
90 Days	126,247	135,312
Total	207,041	196,456
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.81%	2.60%
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	5,570,390	5,776,002
Current	5,414,979	5,618,261
30 Days	36,484	34,035
60 Days	25,122	16,276
90 Days	93,805	107,430
Total	155,411	157,741
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.79%	2.73%
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	86,902	88,849
Current	78,536	85,785
30 Days	1,373	142
60 Days	1,911	190
90 Days	5,082	2,732
Total	8,366	3,064
Ratio of past due loans to total loans, net of charge-offs and LIPs	9.63%	3.45%
Non-Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	120,382	107,882
Current	120,164	107,215
30 Days	32	128
60 Days	147	0
90 Days	39	539
Total	218	667
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.18%	0.62%
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	106,679	119,192
Current	94,278	106,321
30 Days	557	853
60 Days	231	1,004
90 Days	11,613	11,014
Total	12,401	12,871
Ratio of past due loans to total loans, net of charge-offs and LIPs	11.62%	10.80%
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	136,928	141,772
Current	132,135	134,560
30 Days	776	1,688
60 Days	45	375
90 Days	3,972	5,149
Total	4,793	7,212
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.50%	5.09%
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	689,164	676,917
Current	681,849	672,263
30 Days	3,102	718
60 Days	130	67
90 Days	4,083	3,869
Total	7,315	4,654
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.06%	0.69%
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	326,551	292,261
Current	311,428	284,427
30 Days	7,471	699
60 Days	767	3,153
90 Days	6,885	3,982
Total	15,123	7,834
Ratio of past due loans to total loans, net of charge-offs and LIPs	4.63%	2.68%
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	171,634	162,802
Current	170,760	162,778
30 Days	223	8
60 Days	636	0
90 Days	15	16
Total	874	24
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.51%	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	111,986	112,902
Current	111,473	112,482
30 Days	112	158
60 Days	0	64
90 Days	401	198
Total	513	420
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.46%	0.37%
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	59,131	63,374
Current	57,104	61,405
30 Days	1,282	1,155
60 Days	393	431
90 Days	352	383
Total	2,027	1,969
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.43%	3.11%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	343,550
Current	330,600
30 Days	5,338
60 Days	1,722
90 Days	5,890
Total	12,950
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.77%
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	15,495
Current	15,306
30 Days	108
60 Days	26
90 Days	55
Total	189
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.22%
Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	90
Current	90
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	994
Current	994
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	3,520
Current	3,520
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, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	3,891
Current	3,839
30 Days	0
60 Days	0
90 Days	52
Total	52
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	9,333
Current	5,659
30 Days	0
60 Days	0
90 Days	3,674
Total	3,674
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	178,727
Current	175,712
30 Days	0
60 Days	1,661
90 Days	1,354
Total	3,015
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.69%
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	106,931
Current	101,134
30 Days	5,130
60 Days	0
90 Days	667
Total	5,797
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.42%
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	13,810
Current	13,706
30 Days	16
60 Days	0
90 Days	88
Total	104
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.75%
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	10,759
Current	10,640
30 Days	84
60 Days	35
90 Days	0
Total	119
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.11%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	103,230	111,097
Current	96,646	101,508
30 Days	51	1,618
60 Days	722	2,639
90 Days	5,811	5,332
Total	6,584	9,589
Ratio of past due loans to total loans, net of charge-offs and LIPs	6.38%	8.63%
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	340	342
Current	340	342
30 Days	0	0
60 Days	0	0
90 Days	0	0
Total	0	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	1,755	1,889
Current	1,755	1,889
30 Days	0	0
60 Days	0	0
90 Days	0	0
Total	0	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	0	0
Current	0	0
30 Days	0	0
60 Days	0	0
90 Days	0	0
Total	0	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	2,676	3,702
Current	2,612	3,219
30 Days	0	365
60 Days	0	0
90 Days	64	118
Total	64	483
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.39%	13.05%
Credit Impaired 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	0
Current	0	0
30 Days	0	0
60 Days	0	0
90 Days	0	0
Total	0	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	0	601
Current	0	0
30 Days	0	601
60 Days	0	0
90 Days	0	0
Total	0	601
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	83,637	87,134
Current	77,474	78,959
30 Days	0	412
60 Days	722	2,549
90 Days	5,441	5,214
Total	6,163	8,175
Ratio of past due loans to total loans, net of charge-offs and LIPs	7.37%	9.38%
Credit Impaired 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	1,883	3,292
Current	1,527	3,054
30 Days	51	238
60 Days	0	0
90 Days	305	0
Total	356	238
Ratio of past due loans to total loans, net of charge-offs and LIPs	18.91%	7.23%
Credit Impaired 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	12,849	14,040
Current	12,849	13,950
30 Days	0	0
60 Days	0	90
90 Days	0	0
Total	0	90
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.64%
Credit Impaired Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	90	97
Current	89	95
30 Days	0	2
60 Days	0	0
90 Days	1	0
Total	$ 1	$ 2
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.11%	2.06%

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Loans Receivable (excluding Covered Loans) (Loan Modifications) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012 Contracts	Dec. 31, 2011 Contracts
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	36	39
Recorded Investment	$ 8,402	$ 9,066
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	31	36
Recorded Investment	7,498	8,413
Construction, Speculative [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	5	0
Recorded Investment	904	0
Construction, Custom [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Land, Acquisition and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Land, Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	3
Recorded Investment	0	653
Multi Family Housing [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Commercial and Industrial Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	$ 0	$ 0

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Allowance for Losses on Loans (Details) (USD $)	3 Months Ended			12 Months Ended
	Dec. 31, 2012		Dec. 31, 2011	Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans in process	$ 204,566,000			$ 213,286,000
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	133,147,000		157,160,000	157,160,000
Charge-offs	(12,009,000)			(84,579,000)
Recoveries	2,089,000			14,857,000
Provisions & Transfers	3,600,000			45,709,000
Ending Allowance	126,827,000			133,147,000
Provision for loan losses	3,600,000		11,210,000
Loans receivable, gross	8,031,093,000			7,866,336,000
Ratio of type of loan to total loans receivable	100.00%			100.00%
Nonaccrual loans by portfolio segment	163,116,000		185,783,000	173,427,000
Percentage increase (decrease) in nonperforming assets	(12.20%)
Allowance for credit losses, charge-offs, net of recoveries	9,920,000		13,829,000
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.89%			2.69%
Discount on acquired loans	50,817,000			33,484,000
Deferred net origination fees	33,973,000			34,421,000
Loans and Leases Receivable, Charges to Allowance, Loans in Process and Deferred Fees	416,183,000			414,338,000
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	81,815,000		83,307,000	83,307,000
Charge-offs	(6,932,000)			(53,789,000)
Recoveries	1,582,000			8,164,000
Provisions & Transfers	1,043,000			44,133,000
Ending Allowance	77,508,000			81,815,000
Loans receivable, gross	5,589,425,000			5,779,264,000
Ratio of type of loan to total loans receivable	69.60%			73.50%
Nonaccrual loans by portfolio segment	108,570,000			131,193,000
Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	12,060,000		13,828,000	13,828,000
Charge-offs	(927,000)			(4,916,000)
Recoveries	54,000			711,000
Provisions & Transfers	(2,527,000)			2,437,000
Ending Allowance	8,660,000			12,060,000
Loans receivable, gross	125,716,000			131,526,000
Ratio of type of loan to total loans receivable	1.50%			1.60%
Nonaccrual loans by portfolio segment	9,471,000			10,634,000
Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	347,000		623,000	623,000
Charge-offs	0			0
Recoveries	0			0
Provisions & Transfers	(72,000)			(276,000)
Ending Allowance	275,000			347,000
Loans receivable, gross	229,134,000			211,690,000
Ratio of type of loan to total loans receivable	2.90%			2.70%
Nonaccrual loans by portfolio segment	39,000			539,000
Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	15,598,000		32,719,000	32,719,000
Charge-offs	(2,328,000)			(16,978,000)
Recoveries	51,000			1,341,000
Provisions & Transfers	1,735,000			(1,484,000)
Ending Allowance	15,056,000			15,598,000
Loans receivable, gross	115,655,000			128,379,000
Ratio of type of loan to total loans receivable	1.40%			1.70%
Nonaccrual loans by portfolio segment	14,318,000			13,477,000
Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	4,937,000		5,520,000	5,520,000
Charge-offs	(317,000)			(2,670,000)
Recoveries	0			0
Provisions & Transfers	343,000			2,087,000
Ending Allowance	4,963,000			4,937,000
Loans receivable, gross	140,997,000			141,844,000
Ratio of type of loan to total loans receivable	1.80%			1.80%
Nonaccrual loans by portfolio segment	4,024,000			5,149,000
Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	5,280,000		7,623,000	7,623,000
Charge-offs	(391,000)			(1,393,000)
Recoveries	6,000			504,000
Provisions & Transfers	212,000			(1,454,000)
Ending Allowance	5,107,000			5,280,000
Loans receivable, gross	731,135,000			710,741,000
Ratio of type of loan to total loans receivable	9.20%			9.00%
Nonaccrual loans by portfolio segment	7,907,000			4,185,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	1,956,000		4,331,000	4,331,000
Charge-offs	(212,000)			(814,000)
Recoveries	3,000			225,000
Provisions & Transfers	904,000			(1,786,000)
Ending Allowance	2,651,000			1,956,000
Loans receivable, gross	609,948,000			406,364,000
Ratio of type of loan to total loans receivable	7.60%			5.20%
Nonaccrual loans by portfolio segment	16,958,000			7,653,000
Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	7,626,000		5,099,000	5,099,000
Charge-offs	(46,000)			(249,000)
Recoveries	25,000			2,366,000
Provisions & Transfers	457,000			410,000
Ending Allowance	8,062,000			7,626,000
Loans receivable, gross	280,458,000			166,115,000
Ratio of type of loan to total loans receivable	3.40%			2.10%
Nonaccrual loans by portfolio segment	987,000			16,000
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	965,000		1,139,000	1,139,000
Charge-offs	(55,000)			(232,000)
Recoveries	0			66,000
Provisions & Transfers	134,000			(8,000)
Ending Allowance	1,044,000			965,000
Loans receivable, gross	138,645,000			126,942,000
Ratio of type of loan to total loans receivable	1.80%			1.60%
Nonaccrual loans by portfolio segment	489,000			198,000
Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	2,563,000		2,971,000	2,971,000
Charge-offs	(801,000)			(3,538,000)
Recoveries	368,000			1,480,000
Provisions & Transfers	1,371,000			1,650,000
Ending Allowance	3,501,000			2,563,000
Loans receivable, gross	69,980,000			63,471,000
Ratio of type of loan to total loans receivable	0.80%			0.80%
Nonaccrual loans by portfolio segment	353,000			383,000
Loans Collectively Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	115,141,000		114,552,000	117,164,000
Loans receivable, gross	7,399,214,000	[1]		7,520,864,000	[1]
Allowance as a percentage of outstanding loans and leases	1.60%			1.60%
Loans Collectively Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	77,473,000			81,737,000
Loans receivable, gross	5,468,956,000	[1]		5,694,337,000	[1]
Allowance as a percentage of outstanding loans and leases	1.40%			1.40%
Loans Collectively Evaluated for Impairment [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	6,567,000			9,079,000
Loans receivable, gross	106,292,000	[1]		104,312,000	[1]
Allowance as a percentage of outstanding loans and leases	6.20%			8.70%
Loans Collectively Evaluated for Impairment [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	275,000			347,000
Loans receivable, gross	228,140,000	[1]		211,690,000	[1]
Allowance as a percentage of outstanding loans and leases	0.10%			0.20%
Loans Collectively Evaluated for Impairment [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	9,097,000			6,697,000
Loans receivable, gross	78,188,000	[1]		47,294,000	[1]
Allowance as a percentage of outstanding loans and leases	11.60%			14.20%
Loans Collectively Evaluated for Impairment [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	4,217,000			4,176,000
Loans receivable, gross	134,610,000	[1]		138,666,000	[1]
Allowance as a percentage of outstanding loans and leases	3.10%			3.00%
Loans Collectively Evaluated for Impairment [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,862,000			2,818,000
Loans receivable, gross	707,153,000	[1]		694,140,000	[1]
Allowance as a percentage of outstanding loans and leases	0.40%			0.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,043,000			1,158,000
Loans receivable, gross	333,610,000	[1]		292,550,000	[1]
Allowance as a percentage of outstanding loans and leases	0.60%			0.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	8,062,000			7,624,000
Loans receivable, gross	171,148,000	[1]		161,689,000	[1]
Allowance as a percentage of outstanding loans and leases	4.70%			4.70%
Loans Collectively Evaluated for Impairment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,044,000			965,000
Loans receivable, gross	111,986,000	[1]		112,812,000	[1]
Allowance as a percentage of outstanding loans and leases	0.90%			0.90%
Loans Collectively Evaluated for Impairment [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,501,000			2,563,000
Loans receivable, gross	59,131,000	[1]		63,374,000	[1]
Allowance as a percentage of outstanding loans and leases	5.90%			4.00%
Loans Individually Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	11,686,000		39,988,000	15,983,000
Loans receivable, gross	185,078,000	[1]		234,354,000	[1]
Allowance as a percentage of outstanding loans and leases	6.30%			6.80%
Loans Individually Evaluated for Impairment [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	35,000			78,000
Loans receivable, gross	104,634,000	[1]		84,584,000	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.10%
Loans Individually Evaluated for Impairment [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,093,000			2,981,000
Loans receivable, gross	17,579,000	[1]		25,325,000	[1]
Allowance as a percentage of outstanding loans and leases	11.90%			11.80%
Loans Individually Evaluated for Impairment [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0
Loans receivable, gross	0	[1]		0	[1]
Allowance as a percentage of outstanding loans and leases	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	5,959,000			8,901,000
Loans receivable, gross	31,270,000	[1]		77,383,000	[1]
Allowance as a percentage of outstanding loans and leases	19.10%			11.50%
Loans Individually Evaluated for Impairment [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	746,000			761,000
Loans receivable, gross	2,496,000	[1]		3,178,000	[1]
Allowance as a percentage of outstanding loans and leases	29.90%			23.90%
Loans Individually Evaluated for Impairment [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,245,000			2,462,000
Loans receivable, gross	14,649,000	[1]		16,000,000	[1]
Allowance as a percentage of outstanding loans and leases	15.30%			15.40%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	608,000			798,000
Loans receivable, gross	13,954,000	[1]		26,660,000	[1]
Allowance as a percentage of outstanding loans and leases	4.40%			3.00%
Loans Individually Evaluated for Impairment [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			2,000
Loans receivable, gross	496,000	[1]		1,134,000	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.20%
Loans Individually Evaluated for Impairment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0
Loans receivable, gross	0	[1]		90,000	[1]
Allowance as a percentage of outstanding loans and leases	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
Loans receivable, gross	0	[1]		0	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%
Nonperforming Financing Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loans receivable, gross	264,219,000		343,665,000
Grade as percentage of total gross loans	2.02%		2.52%
Nonaccrual loans by portfolio segment	163,116,000			173,427,000
Nonperforming Financing Receivable [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	108,570,000			131,193,000
Nonperforming Financing Receivable [Member] | Construction, Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	9,471,000			10,634,000
Nonperforming Financing Receivable [Member] | Construction, Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	39,000			539,000
Nonperforming Financing Receivable [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	14,318,000			13,477,000
Nonperforming Financing Receivable [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	4,024,000			5,149,000
Nonperforming Financing Receivable [Member] | Multi Family Housing [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	7,907,000			4,185,000
Nonperforming Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	16,958,000			7,653,000
Nonperforming Financing Receivable [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	987,000			16,000
Nonperforming Financing Receivable [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	489,000			198,000
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	$ 353,000			$ 383,000

[1] Excludes acquired and covered loans

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Acquisitions

3 Months Ended

Dec. 31, 2012

Business Combinations [Abstract]

Acquisitions

Acquisitions

South Valley Bank and Trust

Effective as of the close of business October 31, 2012, Washington Federal completed the acquisition of South Valley Bank and Trust, headquartered in Klamath Falls, Oregon (“South Valley”). The acquisition provided $383 million of net loans, $107 million of net covered loans, $735 million of deposit accounts, including $533 million in transaction deposit accounts and 24 branch locations in Central and Southern Oregon. Total consideration at closing of $44 million, including $33 million of Washington Federal, Inc. stock and $10 million of cash resulting from the collection of certain earn-out assets. If other earn out assets are collected over time, the total purchase price could be reduced by up to $14 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 is subject to future adjustment based on the completion of valuations. All fair adjustment amounts currently recognized in the financial statements at December 31, 2012 were determined provisionally as the purchase accounting fair value analysis was incomplete as of December 31, 2012. The determination of whether a loan is impaired and accounted for under ASC 310 was still in process as part of the acquisition date loan valuation; therefore, all loans are categorized as acquired loans without differentiation between non-impaired and credit impaired at December 31, 2012.

Loans that were classified as non-performing loans by South Valley are no longer classified as non-performing because, at acquisition, the carrying value of the loans was adjusted to reflect fair value. Management believes that the new book value reflects an amount that will ultimately be collected.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the period from November 1, 2012 to December 31, 2012.

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

	Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,899
FHLB stock	5,211
Loans receivable, net	343,510
Covered loans receivable, net	107,075
FDIC indemnification asset	17,364
Property and equipment, net	24,561
Core deposit intangible	3,000
Real estate held for sale	10,857
Covered real estate held for sale	6,031
Goodwill	8,692
Other assets	27,855
Total Assets	810,766
Liabilities:
Customer accounts	735,415
FHLB advances	22,471
Other liabilities	8,985
Total Liabilities	766,871
Net assets acquired	$	43,895
Consideration provided:
Equity Issued	$	33,492
Cash paid	10,403
	$	43,895

XML

Allowance for Losses on Loans (Internally Assigned Grade) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,031,093	$ 7,866,336
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,558,733	7,468,534
Grade as percentage of total gross loans	94.60%	94.90%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	68,400	42,988
Grade as percentage of total gross loans	0.80%	0.60%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	397,093	352,916
Grade as percentage of total gross loans	4.60%	4.50%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,252	1,898
Grade as percentage of total gross loans	0.00%	0.00%
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,615	0
Grade as percentage of total gross loans	0.00%	0.00%
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,589,425	5,779,264
Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	125,716	131,526
Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	229,134	211,690
Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	115,655	128,379
Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	140,997	141,844
Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	731,135	710,741
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	609,948	406,364
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	280,458	166,115
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	138,645	126,942
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	69,980	63,471
Non-Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,584,292	7,755,219
Non-Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,237,596	7,396,340
Non-Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	44,149	38,622
Non-Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	302,508	320,257
Non-Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	39	0
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,573,590	5,778,922
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,394,895	5,588,252
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,537	844
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	176,158	189,826
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Residential Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	123,871	129,637
Non-Acquired Loans [Member] | Construction, Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	84,207	86,126
Non-Acquired Loans [Member] | Construction, Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	11,241	10,113
Non-Acquired Loans [Member] | Construction, Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	28,423	33,398
Non-Acquired Loans [Member] | Construction, Speculative [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Speculative [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	228,140	211,690
Non-Acquired Loans [Member] | Construction, Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	228,140	211,690
Non-Acquired Loans [Member] | Construction, Custom [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Custom [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Custom [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction, Custom [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	109,458	124,677
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	67,717	73,661
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,430	4,637
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	38,311	46,379
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land, Acquisition and Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	137,106	141,844
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	135,240	140,006
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	124	223
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,742	1,615
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	721,802	710,140
Non-Acquired Loans [Member] | Multi Family Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	697,812	684,649
Non-Acquired Loans [Member] | Multi Family Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,243	5,098
Non-Acquired Loans [Member] | Multi Family Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	21,747	20,393
Non-Acquired Loans [Member] | Multi Family Housing [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Multi Family Housing [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	347,564	319,210
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	292,210	278,022
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	22,490	16,282
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	32,864	24,906
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	171,644	162,823
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	167,026	158,421
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,673	1,071
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,906	3,331
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	39	0
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,986	112,902
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,986	112,902
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Home Equity Line of Credit [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	59,131	63,374
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	58,363	62,611
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	411	354
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	357	409
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	343,550	0
Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	252,233
Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	23,153
Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	62,588
Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,576
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	15,495	0
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	15,495
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	90	0
Acquired Loans [Member] | Construction, Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	90
Acquired Loans [Member] | Construction, Speculative [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Speculative [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	994	0
Acquired Loans [Member] | Construction, Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	994
Acquired Loans [Member] | Construction, Custom [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Custom [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Custom [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Construction, Custom [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,520	0
Acquired Loans [Member] | Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,247
Acquired Loans [Member] | Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,273
Acquired Loans [Member] | Land, Acquisition and Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land, Acquisition and Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,891	0
Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,760
Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	86
Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	45
Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land, Consumer Lot Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	9,333	0
Acquired Loans [Member] | Multi Family Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,310
Acquired Loans [Member] | Multi Family Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	179
Acquired Loans [Member] | Multi Family Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,844
Acquired Loans [Member] | Multi Family Housing [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Multi Family Housing [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	178,727	0
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	135,480
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	6,569
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	34,059
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,619
Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	106,931	0
Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	67,857
Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	16,319
Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	20,592
Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,163
Acquired Loans [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,810	0
Acquired Loans [Member] | Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,342
Acquired Loans [Member] | Home Equity Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Home Equity Line of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	674
Acquired Loans [Member] | Home Equity Line of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Home Equity Line of Credit [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	794
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	10,759	0
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	10,748
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	11
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Credit Impaired Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	103,251	111,117
Credit Impaired Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	68,904	72,194
Credit Impaired Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,098	4,366
Credit Impaired Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	31,997	32,659
Credit Impaired Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,252	1,898
Credit Impaired Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	340	342
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	340	342
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Residential Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,755	1,889
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,431	5,591
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,611	2,466
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,820	3,125
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,677	3,702
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	601
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	601
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi Family Housing [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,940	14,137
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,940	14,137
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	83,657	87,154
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	52,982	53,683
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,025	4,308
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	28,654	28,200
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	996	963
Credit Impaired Acquired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,883	3,292
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,031	1,566
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	73	58
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	523	733
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	256	935
Credit Impaired Acquired Loans [Member] | Commercial and Industrial Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,849	14,040
Credit Impaired Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 90	$ 97

XML

Covered Assets (Credit Risk Profile by Internally Assigned Grade by Loan Status Designation) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Covered Assets, Loan Status Designation [Line Items]
Loans and Leases Receivable, Covered Loans, Gross	$ 465,882	$ 373,455
Discount balance related to acquired loans	(85,288)	(85,079)
Covered loans, allowance for losses	0	0
Loans and Leases Receivable, Covered Loans, Net Reported Amount	380,594	288,376
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	211,779	228,843
Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	254,103	144,612
Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	34,645	35,676
Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	26,815	3,622
Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	102	90
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	10,868	11,430
Land, Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	443	498
Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	26,642	27,645
Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,872	2,996
Commercial Real Estate Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	109,792	121,592
Commercial Real Estate Portfolio Segment [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	133,471	67,592
Commercial and Industrial Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	12,010	13,023
Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	24,766	15,259
Home Equity Line of Credit [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	16,556	17,971
Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	721	918
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	54,857	50,953
HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	8,322	4,190
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	94.60%	94.90%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	152,825	176,763
Grade as percentage of total gross loans	72.20%	77.30%
Pass [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	15,749
Pass [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	31,560	32,272
Pass [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	669
Pass [Member] | Construction, Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	102	90
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	3,065	3,440
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	443	498
Pass [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	23,902	24,898
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	70,032	89,530
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	0	404
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	6,444	7,146
Pass [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	3,787
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	16,556	17,971
Pass [Member] | Consumer Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	721	918
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	0	9,795
Pass [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	1,094
Special Mention [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	0.80%	0.60%
Special Mention [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	12,619	2,778
Grade as percentage of total gross loans	6.00%	1.20%
Special Mention [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,385	32,092
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	665	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	1,482	1,970
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	0	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	10,637	298
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	400	25,785
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	500	510
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	3,633	1,006
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	9,782	5,301
Special Mention [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	905	0
Substandard [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	4.60%	4.50%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	46,335	49,302
Grade as percentage of total gross loans	21.90%	21.50%
Substandard [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	31,679	96,771
Substandard [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,085	3,404
Substandard [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	2,953
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	6,321	6,020
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	0
Substandard [Member] | Multi Family Housing [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,740	2,747
Substandard [Member] | Multi Family Housing [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	2,996
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	29,123	31,764
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	25,636	41,403
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	5,066	5,367
Substandard [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	994	10,466
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	5,049	35,857
Substandard [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	3,096
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]
Outstanding principal balance of acquired loans	0	0
Grade as percentage of total gross loans	0.00%	0.00%
Doubtful [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	89,194	0
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	1,783	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	2,973	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	40,775	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	0
Doubtful [Member] | Commercial and Industrial Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	10,144	0
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	30,539	0
Doubtful [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,980	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]
Outstanding principal balance of acquired loans	0	0
Grade as percentage of total gross loans	0.00%	0.00%
Loss [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	136,258	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	2,448	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	2,973	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	66,811	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	14,771	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	45,370	0
Loss [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 3,885	$ 0

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
ASSETS
Cash and cash equivalents	$ 637,298	$ 751,430
Available-for-sale securities, at fair value	2,003,777	1,781,705
Held-to-maturity securities, at amortized cost	1,407,246	1,191,487
Loans receivable, net	7,614,910	7,451,998
Covered loans, net	380,594	288,376
Interest receivable	47,830	46,857
Premises and equipment, net	207,185	178,845
Real estate held for sale	101,103	99,478
Covered real estate held for sale	36,030	29,549
FDIC indemnification asset	90,415	87,571
FHLB stock	153,542	149,840
Intangible assets, net	267,389	256,076
Federal and state income tax assets, net	26,519	22,513
Other assets	133,004	137,219
Assets	13,106,842	12,472,944
Customer accounts
Transaction deposit accounts	3,571,987	2,946,453
Time deposit accounts	5,662,104	5,630,165
Savings and Demand Accounts and Repurchase Agreements with Customers	9,234,091	8,576,618
FHLB advances	1,880,000	1,880,000
Advance payments by borrowers for taxes and insurance	16,552	40,041
Federal and State income tax liabilities, net	0	0
Accrued expenses and other liabilities	61,521	76,533
Liabilities	11,192,164	10,573,192
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 131,966,720 and 129,950,223 shares issued; 105,498,098 and 106,177,615 shares outstanding	131,967	129,950
Paid-in capital	1,619,026	1,586,295
Accumulated other comprehensive income, net of taxes	11,639	13,306
Treasury stock, at cost; 26,468,622 and 23,772,608 shares	(355,326)	(310,579)
Retained earnings	507,372	480,780
Stockholders' Equity Attributable to Parent	1,914,678	1,899,752
Liabilities and Equity	$ 13,106,842	$ 12,472,944

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 35,282	$ 33,418
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	536	6,890
Cash received from FDIC under loss share	4,566	6,761
Depreciation	2,300	1,875
Stock option compensation expense	300	300
Provision for loan losses	3,600	11,210
Loss on real estate held for sale, net	1,193	19,859
Decrease (increase) in accrued interest receivable	1,058	(1,391)
Increase in FDIC loss share receivable	0	(1,356)
Increase (decrease) in income taxes payable	(3,038)	18,813
Decrease in other assets	30,191	3,868
Increase (decrease) in accrued expenses and other liabilities	(15,437)	2,021
Net cash provided by operating activities	60,551	102,268
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	187,382	203,949
FHLB stock redemptions	1,382	0
Available-for-sale securities purchased	(261,966)	(581,337)
Principal payments and maturities of available-for-sale securities	31,404	276,982
Available-for-sale securities sold	43,899	3,500
Held-to-maturity securities purchased	(264,781)	0
Principal payments and maturities of available-for-sale securities	50,522	4,845
Net cash received from acquisition	202,308	50,451
Proceeds from sales of real estate held for sale	30,145	28,801
Proceeds from sales of covered REO	3,043	11,881
Premises and equipment purchased and REO improvements	(12,185)	(9,308)
Net cash provided (used) by investing activities	11,153	(10,236)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in customer accounts	(77,942)	73,982
Net decrease in borrowings	(22,471)	(18,873)
Proceeds from exercise of common stock options	63	2
Dividends paid on common stock	(17,250)	(8,517)
Treasury stock purchased	(44,747)	(20,311)
Decrease in advance payments by borrowers for taxes and insurance	(23,489)	(24,406)
Net cash provided (used) by financing activities	(185,836)	1,877
Increase (decrease) in cash and cash equivalents	(114,132)	93,909
Cash and cash equivalents at beginning of period	751,430	816,002
Cash and cash equivalents at end of period	637,298	909,911
Non-cash investing activities
Non-covered real estate acquired through foreclosure	22,762	42,774
Covered real estate acquired through foreclosure	3,096	5,472
Cash paid during the period for
Interest	37,457	53,776
Income taxes	0	0
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	810,766	124,594
Fair value of liabilities assumed	(766,871)	(154,493)
Net fair value of assets (liabilities)	$ 43,895	$ (29,899)

XML

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012		Dec. 31, 2011
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
Gain on sale of investments	$ 0		$ 0
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,003,777
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,003,777
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	49,744
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	21,238	[1]
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	3,080	[2]
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	25,426	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[1]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[1]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	49,744
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	21,238	[1]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	3,080	[2]
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	25,426	[2]
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	407,372
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	407,372
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	25,060
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	25,060
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	403,357
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	403,357
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,167,988
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,167,988
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0
Change During Period, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis	17,440
Change During Period, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis	9,813	[1]
Change During Period, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis	91	[2]
Change During Period, Fair Value Disclosure [Member] | Fair Value, Measurements, Nonrecurring [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis	$ 7,536	[2]

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

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

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Acquisitions (Narrative) (Details) (USD $)	Dec. 31, 2012	Sep. 30, 2012	Oct. 31, 2012 South Valley Bank [Member] branches	Oct. 31, 2012 Received from South Valley [Member] South Valley Bank [Member]
Business Acquisition [Line Items]
Loans receivable, net			$ 343,510,000	$ 383,170,000
Covered loans receivable, net			107,075,000	107,075,000
Customer accounts			735,415,000	735,415,000
Transaction deposits acquired	3,571,987,000	2,946,453,000	533,000,000
Number of branches acquired (in branches)			24
Total considerartion			43,895,000
Equity Issued			33,492,000
Cash paid			10,403,000
Potential reduction in purchase price, earn-out assets			$ 14,000,000

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Fair Value Measurements (Fair Value by Balance Sheet Grouping) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB stock	$ 153,542	$ 149,840
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	637,298	751,430
Available-for-sale securities	2,003,777	1,781,705
Held-to-maturity securities	1,407,246	1,191,487
Loans receivable	7,614,910	7,451,998
Covered loans	380,594	288,376
FDIC indemnification asset	90,415	87,571
FHLB stock	153,542	149,840
Customer accounts	9,234,091	8,576,618
FHLB advances and other borrowings	1,880,000	1,880,000
Portion at Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	637,298	751,430
Available-for-sale securities	2,003,777	1,781,705
Held-to-maturity securities	1,423,571	1,217,223
Loans receivable	8,324,457	7,949,892
Covered loans	389,921	289,754
FDIC indemnification asset	88,033	85,846
FHLB stock	153,542	149,840
Customer accounts	8,902,278	8,406,432
FHLB advances and other borrowings	2,105,789	2,110,223
Equity Securities [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0	0
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	0	0
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	407,372	183,560
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	407,372	183,560
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	25,060	24,844
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	25,060	24,844
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	0	0
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	0	0
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	403,357	403,325
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	403,357	403,325
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	1,167,988	1,169,976
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	1,167,988	1,169,976
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	0	0
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	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	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	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	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	0	0
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	0	795
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	0	802
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	0	0
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	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	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	0	0
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	1,407,246	1,190,692
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	1,423,571	1,216,421
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	0	0
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	$ 0	$ 0

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

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Summary of Significant Accounting Policies

3 Months Ended

Dec. 31, 2012

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. (“The 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, 2012 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 2012 Annual Report on Form 10-K (“2012 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

The significant accounting policies used in preparation of our consolidated financial statements are disclosed in our 2012 Form 10-K. Other than as discussed below, there have not been any material changes in our significant accounting policies compared to those contained in our 2012 Form 10-K.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at December 31, 2012, excluding covered loans, of $252,553,000. The Company estimates losses on off-balance-sheet credit exposures by including the exposures with the related principal balance outstanding and then applying its general reserve methodology.

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

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) (USD $)	Dec. 31, 2012	Sep. 30, 2011
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	131,966,720	129,950,223
Common stock, shares outstanding (in shares)	105,498,098	106,177,615
Treasury stock, shares (in shares)	26,468,622	23,772,608

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Loans Receivable (excluding Covered Loans) (Tables)

3 Months Ended

Dec. 31, 2012

Loans Receivable [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	December 31, 2012				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,573,590	69.4	%	$	5,778,922	73.5	%
Construction - speculative	123,871		1.5		129,637		1.6
Construction - custom	228,140		2.9		211,690		2.7
Land - acquisition & development	109,458		1.4		124,677		1.6
Land - consumer lot loans	137,106		1.7		141,844		1.8
Multi-family	721,802		9.0		710,140		9.0
Commercial real estate	347,564		4.3		319,210		4.1
Commercial & industrial	171,644		2.1		162,823		2.1
HELOC	111,986		1.4		112,902		1.4
Consumer	59,131		0.7		63,374		0.8
Total non-acquired loans	7,584,292		94.4		7,755,219		98.6
Acquired loans
Single-family residential	15,495		0.2		—		—
Construction - speculative	90		—		—		—
Construction - custom	994		—		—		—
Land - acquisition & development	3,520		—		—		—
Land - consumer lot loans	3,891		0.1		—		—
Multi-family	9,333		0.2		—		—
Commercial real estate	178,727		2.2		—		—
Commercial & industrial	106,931		1.3		—		—
HELOC	13,810		0.2		—		—
Consumer	10,759		0.1		—		—
Total credit-impaired acquired loans	343,550		4.3		—		—
Credit-impaired acquired loans
Single-family residential	340		—		342		—
Construction - speculative	1,755		—		1,889		—
Land - acquisition & development	2,677		—		3,702		0.1
Multi-family	—		—		601		—
Commercial real estate	83,657		1.1		87,154		1.1
Commercial & industrial	1,883		—		3,292		—
HELOC	12,849		0.2		14,040		0.2
Consumer	90		—		97		—
Total credit-impaired acquired loans	103,251		1.3		111,117		1.4
Total loans
Single-family residential	5,589,425		69.6		5,779,264		73.5
Construction - speculative	125,716		1.5		131,526		1.6
Construction - custom	229,134		2.9		211,690		2.7
Land - acquisition & development	115,655		1.4		128,379		1.7
Land - consumer lot loans	140,997		1.8		141,844		1.8
Multi-family	731,135		9.2		710,741		9
Commercial real estate	609,948		7.6		406,364		5.2
Commercial & industrial	280,458		3.4		166,115		2.1

HELOC	138,645		1.8		126,942		1.6
Consumer	69,980		0.8		63,471		0.8
Total loans	8,031,093		100	%	7,866,336		100	%
Less:
Allowance for probable losses	126,827				133,147
Loans in process	204,566				213,286
Discount on acquired loans	50,817				33,484
Deferred net origination fees	33,973				34,421
	416,183				414,338
	$	7,614,910			$	7,451,998

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 December 31, 2012:

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2012	$	16,928		$	77,613
Additions	—			—
Accretion	(1,360		)	1,360
Transfers to REO	—			(957		)
Payments received, net	—			(8,677		)
Balance as of December 31, 2012	$	15,568		$	69,339

Summary of Information Regarding Non-Accrual Loans

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

	December 31, 2012				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	108,570	66.6	%	$	131,193	75.7	%
Construction - speculative	9,471		5.8		10,634		6.1
Construction - custom	39		—		539		0.3
Land - acquisition & development	14,318		8.8		13,477		7.8
Land - consumer lot loans	4,024		2.5		5,149		3.0
Multi-family	7,907		4.8		4,185		2.4
Commercial real estate	16,958		10.4		7,653		4.4
Commercial & industrial	987		0.6		16		—
HELOC	489		0.3		198		0.1
Consumer	353		0.2		383		0.2
Total non-accrual loans	$	163,116	100	%	$	173,427	100	%

Analysis of Age of Loans in Past Due Status

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

December 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,570,390	$	5,414,979	$	36,484	$	25,122	$	93,805	$	155,411	2.79	%
Construction - Speculative	86,902		78,536		1,373		1,911		5,082		8,366		9.63
Construction - Custom	120,382		120,164		32		147		39		218		0.18
Land - Acquisition & Development	106,679		94,278		557		231		11,613		12,401		11.62
Land - Consumer Lot Loans	136,928		132,135		776		45		3,972		4,793		3.50
Multi-Family	689,164		681,849		3,102		130		4,083		7,315		1.06
Commercial Real Estate	326,551		311,428		7,471		767		6,885		15,123		4.63
Commercial & Industrial	171,634		170,760		223		636		15		874		0.51
HELOC	111,986		111,473		112		—		401		513		0.46
Consumer	59,131		57,104		1,282		393		352		2,027		3.43
Total non-acquired loans	7,379,747		7,172,706		51,412		29,382		126,247		207,041		2.81
Acquired loans
Single-Family Residential	15,495		15,306		$	108	26		55		189		1.22	%
Construction - Speculative	90		90		—		—		—		—		—	%
Construction - Custom	994		994		—		—		—		—		—	%
Land - Acquisition & Development	3,520		3,520		—		—		—		—		—	%
Land - Consumer Lot Loans	3,891		3,839		—		—		52		52		—	%
Multi-Family	9,333		5,659		—		—		3,674		3,674		—	%
Commercial Real Estate	178,727		175,712		—		1,661		1,354		3,015		1.69	%
Commercial & Industrial	106,931		101,134		5,130		—		667		5,797		5.42	%
HELOC	13,810		13,706		16		—		88		104		0.75	%
Consumer	10,759		10,640		84		35		—		119		1.11	%
Total credit-impaired acquired loans	343,550		330,600		5,338		1,722		5,890		12,950		3.77	%
Credit-impaired acquired loans
Single-Family Residential	340		340		—		—		—		—		—
Construction - Speculative	1,755		1,755		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,676		2,612		—		—		64		64		2.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,637		77,474		—		722		5,441		6,163		7.37
Commercial & Industrial	1,883		1,527		51		—		305		356		18.91

HELOC	12,849		12,849		—		—		—		—		—
Consumer	90		89		—		—		1		1		1.11
Total credit-impaired acquired loans	103,230		96,646		51		722		5,811		6,584		6.38
Total loans	$	7,826,527	$	7,599,952	$	56,801	$	31,826	$	137,948	$	226,575	2.89

September 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)
Single-Family Residential	$	5,776,002	$	5,618,261	$	34,035	$	16,276	$	107,430	$	157,741	2.73	%
Construction - Speculative	88,849		85,785		142		190		2,732		3,064		3.45
Construction - Custom	107,882		107,215		128		—		539		667		0.62
Land - Acquisition & Development	119,192		106,321		853		1,004		11,014		12,871		10.80
Land - Consumer Lot Loans	141,772		134,560		1,688		375		5,149		7,212		5.09
Multi-Family	676,917		672,263		718		67		3,869		4,654		0.69
Commercial Real Estate	292,261		284,427		699		3,153		3,982		7,834		2.68
Commercial & Industrial	162,802		162,778		8		—		16		24		0.01
HELOC	112,902		112,482		158		64		198		420		0.37
Consumer	63,374		61,405		1,155		431		383		1,969		3.11
Total non-acquired loans	$	7,541,953	$	7,345,497	$	39,584	$	21,560	$	135,312	$	196,456	2.60	%
Credit-impaired acquired loans
Single-Family Residential	342		342		—		—		—		—		—	%
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	3,702		3,219		365		—		118		483		13.05
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	601		—		601		—		—		601		—
Commercial Real Estate	87,134		78,959		412		2,549		5,214		8,175		9.38
Commercial & Industrial	3,292		3,054		238		—		—		238		7.23
HELOC	14,040		13,950		—		90		—		90		0.64
Consumer	97		95		2		—		—		2		2.06
Total credit-impaired acquired loans	111,097		101,508		1,618		2,639		5,332		9,589		8.63	%
Total loans	$	7,653,050	$	7,447,005	$	41,202	$	24,199	$	140,644	$	206,045	2.69	%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured during the periods indicated:

	Quarter Ended December 31,
	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	105	$	29,339	$	29,339	700	$	183,492	$	183,492
Construction - Speculative	1	2,503		2,503		24	6,409		6,409
Construction - Custom	—	—		—		1	1,196		1,196
Land - Acquisition & Development	—	—		—		25	8,524		8,524
Land - Consumer Lot Loans	11	1,836		1,836		65	9,017		9,017
Multi-Family	1	68		68		5	3,161		3,161
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	5		5
HELOC	—	—		—		3	185		185
Consumer	—	—		—		—	—		—
	118	$	33,746	$	33,746	825	$	212,297	$	212,297

Schedule of Loan Modifications

The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:

	Quarter Ended December 31,
	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	31	$	7,498	36	$	8,413
Construction - Speculative	5	904		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	653
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	36	$	8,402	39	$	9,066

XML

Document and Entity Information	3 Months Ended
	Dec. 31, 2012	Feb. 01, 2013
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2012
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
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		105,203,448

XML

Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2012

Allowance for Losses on Loans [Abstract]

Summary of Activity in Allowance for Loan Losses

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

Quarter Ended December 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	81,815	$	(6,932	)	$	1,582	$	1,043		$	77,508
Construction - speculative	12,060		(927		)	54		(2,527		)	8,660
Construction - custom	347		—			—		(72		)	275
Land - acquisition & development	15,598		(2,328		)	51		1,735			15,056
Land - consumer lot loans	4,937		(317		)	—		343			4,963
Multi-family	5,280		(391		)	6		212			5,107
Commercial real estate	1,956		(212		)	3		904			2,651
Commercial & industrial	7,626		(46		)	25		457			8,062
HELOC	965		(55		)	—		134			1,044
Consumer	2,563		(801		)	368		1,371			3,501
	$	133,147	$	(12,009	)	$	2,089	$	3,600		$	126,827

Fiscal Year Ended September 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,307	$	(53,789	)	$	8,164	$	44,133		$	81,815
Construction - speculative	13,828		(4,916		)	711		2,437			12,060
Construction - custom	623		—			—		(276		)	347
Land - acquisition & development	32,719		(16,978		)	1,341		(1,484		)	15,598
Land - consumer lot loans	5,520		(2,670		)	—		2,087			4,937
Multi-family	7,623		(1,393		)	504		(1,454		)	5,280
Commercial real estate	4,331		(814		)	225		(1,786		)	1,956
Commercial & industrial	5,099		(249		)	2,366		410			7,626
HELOC	1,139		(232		)	66		(8		)	965
Consumer	2,971		(3,538		)	1,480		1,650			2,563
	$	157,160	$	(84,579	)	$	14,857	$	45,709		$	133,147

Summary of Loans Collectively and Individually Evaluated for Impairment and Related Allocation of Reserves

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2012 and September 30, 2012:

December 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,473	$	5,468,956	1.4	%	$	35	$	104,634	—	%
Construction - speculative	6,567		106,292		6.2		2,093		17,579		11.9
Construction - custom	275		228,140		0.1		—		—		—
Land - acquisition & development	9,097		78,188		11.6		5,959		31,270		19.1
Land - consumer lot loans	4,217		134,610		3.1		746		2,496		29.9
Multi-family	2,862		707,153		0.4		2,245		14,649		15.3
Commercial real estate	2,043		333,610		0.6		608		13,954		4.4
Commercial & industrial	8,062		171,148		4.7		—		496		—
HELOC	1,044		111,986		0.9		—		—		—
Consumer	3,501		59,131		5.9		—		—		—
	$	115,141	$	7,399,214	1.6		$	11,686	$	185,078	6.3

 ___________________

(1) Excludes acquired and covered loans

September 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	$	81,737	$	5,694,337	1.4	%	$	78	$	84,584	0.1	%
Construction - speculative	9,079		104,312		8.7		2,981		25,325		11.8
Construction - custom	347		211,690		0.2		—		—		—
Land - acquisition & development	6,697		47,294		14.2		8,901		77,383		11.5
Land - consumer lot loans	4,176		138,666		3.0		761		3,178		23.9
Multi-family	2,818		694,140		0.4		2,462		16,000		15.4
Commercial real estate	1,158		292,550		0.4		798		26,660		3.0
Commercial & industrial	7,624		161,689		4.7		2		1,134		0.2
HELOC	965		112,812		0.9		—		90		—
Consumer	2,563		63,374		4.0		—		—		—
	$	117,164	$	7,520,864	1.6		$	15,983	$	234,354	6.8

(1) Excludes acquired and covered loans

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 December 31, 2012 and September 30, 2012:

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

December 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,394,895		$	2,537		$	176,158		$	—		$	—		$	5,573,590
Construction - speculative	84,207			11,241			28,423			—			—			123,871
Construction - custom	228,140			—			—			—			—			228,140
Land - acquisition & development	67,717			3,430			38,311			—			—			109,458
Land - consumer lot loans	135,240			124			1,742			—			—			137,106
Multi-family	697,812			2,243			21,747			—			—			721,802
Commercial real estate	292,210			22,490			32,864			—			—			347,564
Commercial & industrial	167,026			1,673			2,906			—			39			171,644
HELOC	111,986			—			—			—			—			111,986
Consumer	58,363			411			357			—			—			59,131
	7,237,596			44,149			302,508			—			39			7,584,292
Acquired loans
Single-family residential	15,495			—			—			—			—			15,495
Construction - speculative	—			—			90			—			—			90
Construction - custom	994			—			—			—			—			994
Land - acquisition & development	2,247			—			1,273			—			—			3,520
Land - consumer lot loans	3,760			86			45			—			—			3,891
Multi-family	3,310			179			5,844			—			—			9,333
Commercial real estate	135,480			6,569			34,059			—			2,619			178,727
Commercial & industrial	67,857			16,319			20,592			—			2,163			106,931
HELOC	12,342			—			674			—			794			13,810
Consumer	10,748			—			11			—			—			10,759
	252,233			23,153			62,588			—			5,576			343,550
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,611			—			2,820			—			—			4,431
Pool 2 - Single-family residential	340			—			—			—			—			340
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,940			—			—			—			—			12,940
Pool 5 - Commercial real estate	52,982			1,025			28,654			996			—			83,657
Pool 6 - Commercial & industrial	1,031			73			523			256			—			1,883
Total credit impaired acquired loans	68,904			1,098			31,997			1,252			—			103,251
Total gross loans	$	7,558,733		$	68,400		$	397,093		$	1,252		$	5,615		$	8,031,093
Total grade as a % of total gross loans	94.6		%	0.8		%	4.6		%	—		%	—		%

September 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,588,252		$	844		$	189,826		$	—		$	—		$	5,778,922
Construction - speculative	86,126			10,113			33,398			—			—			129,637
Construction - custom	211,690			—			—			—			—			211,690
Land - acquisition & development	73,661			4,637			46,379			—			—			124,677
Land - consumer lot loans	140,006			223			1,615			—			—			141,844
Multi-family	684,649			5,098			20,393			—			—			710,140
Commercial real estate	278,022			16,282			24,906			—			—			319,210
Commercial & industrial	158,421			1,071			3,331			—			—			162,823
HELOC	112,902			—			—			—			—			112,902
Consumer	62,611			354			409			—			—			63,374
	7,396,340			$	38,622		$	320,257		$	—		$	—		$	7,755,219
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,466			—			3,125			—			—			5,591
Pool 2 - Single-family residential	342			—			—			—			—			342
Pool 3 - Multi-family	—			—			601			—			—			601
Pool 4 - HELOC & other consumer	14,137			—			—			—			—			14,137
Pool 5 - Commercial real estate	53,683			4,308			28,200			963			—			87,154
Pool 6 - Commercial & industrial	1,566			58			733			935			—			3,292
Total credit impaired acquired loans	72,194			4,366			32,659			1,898			—			111,117
Total gross loans	$	7,468,534		$	42,988		$	352,916		$	1,898		$	—		$	7,866,336
Total grade as a % of total gross loans	94.9		%	0.6		%	4.5		%	—		%	—		%

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

December 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,465,020	98.1	%	$	108,570	1.9	%
Construction - speculative	114,400		92.4		9,471		7.6
Construction - custom	228,101		100.0		39		—
Land - acquisition & development	95,140		86.9		14,318		13.1
Land - consumer lot loans	133,082		97.1		4,024		2.9
Multi-family	713,895		98.9		7,907		1.1
Commercial real estate	330,606		95.1		16,958		4.9
Commercial & industrial	170,657		99.4		987		0.6
HELOC	111,497		99.6		489		0.4
Consumer	58,778		99.4		353		0.6
	$	7,421,176	97.8		$	163,116	2.2

September 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,647,729	97.7	%	$	131,193	2.3	%
Construction - speculative	119,003		91.8		10,634		8.2
Construction - custom	211,151		99.7		539		0.3
Land - acquisition & development	111,200		89.2		13,477		10.8
Land - consumer lot loans	136,695		96.4		5,149		3.6
Multi-family	705,955		99.4		4,185		0.6
Commercial real estate	311,557		97.6		7,653		2.4
Commercial & industrial	162,807		100.0		16		—
HELOC	112,704		99.8		198		0.2
Consumer	62,991		99.4		383		0.6
	$	7,581,792	97.8	%	$	173,427	2.2	%

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

Credit Risk Profile by Internally Assigned Grade:

December 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	31,560		$	—		$	3,085		$	—		$	—		$	34,645
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,065			1,482			6,321			—			—			10,868
Land - consumer lot loans	443			—			—			—			—			443
Multi-family	23,902			—			2,740			—			—			26,642
Commercial real estate	70,032			10,637			29,123			—			—			109,792
Commercial & industrial	6,444			500			5,066			—			—			12,010
HELOC	16,556			—			—			—			—			16,556
Consumer	721			—			—			—			—			721
	152,825			12,619			46,335			—			—			211,779
Total grade as a % of total net loans	72.2		%	6.0		%	21.9		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	—			9,782			5,049			30,539			45,370			54,857
Pool 2 - Single-family residential	—			665			—			1,783			2,448			26,815
Pool 3 - Multi-family	—			—			—			2,973			2,973			5,872
Pool 4 - HELOC & other consumer	—			905			—			2,980			3,885			8,322
Pool 5 - Commercial real estate	—			400			25,636			40,775			66,811			133,471
Pool 6 - Commercial & industrial	—			3,633			994			10,144			14,771			24,766
	$	—		$	15,385		$	31,679		$	89,194		$	136,258		254,103
													Total covered loans			465,882
													Discount			(85,288		)
													Allowance			—
													Covered loans, net			$	380,594

September 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	32,272		$	—		$	3,404		$	—		$	—		$	35,676
Construction - speculative	90			—			—			—			—			90
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,440			1,970			6,020			—			—			11,430
Land - consumer lot loans	498			—			—			—			—			498
Multi-family	24,898			—			2,747			—			—			27,645
Commercial real estate	89,530			298			31,764			—			—			121,592
Commercial & industrial	7,146			510			5,367			—			—			13,023
HELOC	17,971			—			—			—			—			17,971
Consumer	918			—			—			—			—			918
	176,763			2,778			49,302			—			—			228,843
Total grade as a % of total net loans	77.3		%	1.2		%	21.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,795			5,301			35,857			—			—			50,953
Pool 2 - Single-family residential	669			—			2,953			—			—			3,622
Pool 3 - Multi-family	—			—			2,996			—			—			2,996
Pool 4 - HELOC & other consumer	1,094			—			3,096			—			—			4,190
Pool 5 - Commercial real estate	404			25,785			41,403			—			—			67,592
Pool 6 - Commercial & industrial	3,787			1,006			10,466			—			—			15,259
	$	15,749		$	32,092		$	96,771		$	—		$	—		144,612
													Total covered loans			373,455
													Discount			(85,079		)
													Allowance			—
													Covered loans, net			$	288,376

Sumary of Impaired Loans Based on Type

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

								Average Recorded Investment
December 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended December 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	42,110	$	49,559	$	—		$	43,478
Construction - speculative	4,637		5,529		—			4,681
Construction - custom	568		568		—			568
Land - acquisition & development	11,875		23,244		—			12,020
Land - consumer lot loans	3,094		3,316		—			2,982
Multi-family	5,022		5,022		—			4,281
Commercial real estate	12,857		14,198		—			11,101
Commercial & industrial	3,164		8,469		—			2,387
HELOC	1,163		1,163		—			737
Consumer	1		17		—			13
	84,491		111,085		—			82,248
With an allowance recorded:
Single-family residential	355,311		363,996		19,073			356,506
Construction - speculative	19,533		20,438		2,093			19,975
Construction - custom	—		—		—			—
Land - acquisition & development	20,994		23,763		5,959			22,418
Land - consumer lot loans	13,785		13,857		746			13,803
Multi-family	18,524		18,639		2,245			18,620
Commercial real estate	8,360		8,360		608			8,382
Commercial & industrial	—		—		—			—
HELOC	741		741		—			737
Consumer	—		—		—			—
	437,248		449,794		30,724		(1)	440,441
Total:
Single-family residential	397,421		413,555		19,073			399,984
Construction - speculative	24,170		25,967		2,093			24,656
Construction - custom	568		568		—			568
Land - acquisition & development	32,869		47,007		5,959			34,438
Land - consumer lot loans	16,879		17,173		746			16,785
Multi-family	23,546		23,661		2,245			22,901
Commercial real estate	21,217		22,558		608			19,483
Commercial & industrial	3,164		$	8,469	—			2,387
HELOC	1,904		1,904		—			1,474
Consumer	1		17		—			13
	$	521,739	$	560,879	$	30,724	(1)	$	522,689

____________________ 

(1)Includes $11,686,000 of specific reserves and $19,038,000 included in the general reserves.

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	106,955	$	124,342	$	—		$	49,524
Construction - speculative	13,726		16,568		—			13,581
Construction - custom	—		—		—			—
Land - acquisition & development	18,000		30,209		—			16,417
Land - consumer lot loans	1,677		2,185		—			487
Multi-family	8,792		8,991		—			6,935
Commercial real estate	31,190		42,656		—			12,946
Commercial & industrial	1,146		7,363		—			581
HELOC	90		1,066		—			36
Consumer	—		4		—			—
	181,576		233,384		—			100,507
With an allowance recorded:
Single-family residential	317,901		317,901		25,723			305,350
Construction - speculative	12,836		12,836		2,981			12,822
Construction - custom	—		—		—			—
Land - acquisition & development	20,750		20,750		8,901			21,650
Land - consumer lot loans	13,881		13,881		761			13,126
Multi-family	14,153		14,555		2,462			14,279
Commercial real estate	3,722		3,722		798			2,897
Commercial & industrial	—		2		2			22
HELOC	734		734		—			743
Consumer	—		—		—			—
	383,977		384,381		41,628		(1)	370,889
Total:
Single-family residential	424,856		442,243		25,723			354,874
Construction - speculative	26,562		29,404		2,981			26,403
Construction - custom	—		—		—			—
Land - acquisition & development	38,750		50,959		8,901			38,067
Land - consumer lot loans	15,558		16,066		761			13,613
Multi-family	22,945		23,546		2,462			21,214
Commercial real estate	34,912		46,378		798			15,843
Commercial & industrial	1,146		7,365		2			603
HELOC	824		1,800		—			779
Consumer	—		4		—			—
	$	565,553	$	617,765	$	41,628	(1)	$	471,396

(1) Includes $15,983,000 of specific reserves and $25,645,000 included in the general reserves.

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
INTEREST INCOME
Loans	$ 116,843	$ 127,479
Mortgage-backed securities	11,732	26,296
Investment securities and cash equivalents	2,734	2,151
Investment Income, Interest and Dividend	131,309	155,926
INTEREST EXPENSE
Customer accounts	18,772	23,949
FHLB advances and other borrowings	17,103	28,263
Interest Expense	35,875	52,212
Net interest income	95,434	103,714
Provision for loan losses	3,600	11,210
Net interest income after provision for loan losses	91,834	92,504
OTHER INCOME
Gain on sale of investments	0	0
Other	4,957	4,645
Noninterest Income	4,957	4,645
OTHER EXPENSE
Compensation and benefits	21,072	18,675
Occupancy	4,446	3,931
FDIC insurance premiums	3,342	4,193
Other	9,438	7,564
Noninterest Expense	38,298	34,363
Loss on real estate acquired through foreclosure, net	(3,319)	(10,570)
Income before income taxes	55,174	52,216
Income tax provision	19,892	18,798
NET INCOME	$ 35,282	$ 33,418
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.33	$ 0.31
Diluted earnings (in dollars per share)	$ 0.33	$ 0.31
Cash dividends per share (in dollars per share)	$ 0.08	$ 0.08
Basic weighted average number of shares outstanding (in shares)	105,998,184	107,845,011
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	106,043,914	107,894,572

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New Accounting Pronouncements

3 Months Ended

Dec. 31, 2012

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

There were no new accounting pronouncements issued since the Company's 2012 Form 10-K was filed.

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Allowance for Losses on Loans

3 Months Ended

Dec. 31, 2012

Allowance for Losses on Loans [Abstract]

Allowance for Losses on Loans

Allowance for Losses on Loans

The Company has an asset quality review function that analyzes its loan portfolios and reports the results of the review to the Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as follows:

• Pass – the credit does not meet one of the definitions below.

• Special mention – A special mention credit is considered to be currently protected from loss but is potentially weak. No loss of principal or interest is foreseen; however, proper supervision and Management attention is required to deter further deterioration in the credit. Assets in this category constitute some undue and unwarranted credit risk but not to the point of justifying a risk rating of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset.

• Substandard – A substandard credit is an unacceptable credit. Additionally, repayment in the normal course is in jeopardy due to the existence of one or more well defined weaknesses. In these situations, loss of principal is likely if the weakness is not corrected. A substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified will have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets risk rated substandard.

• Doubtful – A credit classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The probability of loss is high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans.

• Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection.

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

Quarter Ended December 31, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	81,815	$	(6,932	)	$	1,582	$	1,043		$	77,508
Construction - speculative	12,060		(927		)	54		(2,527		)	8,660
Construction - custom	347		—			—		(72		)	275
Land - acquisition & development	15,598		(2,328		)	51		1,735			15,056
Land - consumer lot loans	4,937		(317		)	—		343			4,963
Multi-family	5,280		(391		)	6		212			5,107
Commercial real estate	1,956		(212		)	3		904			2,651
Commercial & industrial	7,626		(46		)	25		457			8,062
HELOC	965		(55		)	—		134			1,044
Consumer	2,563		(801		)	368		1,371			3,501
	$	133,147	$	(12,009	)	$	2,089	$	3,600		$	126,827

Fiscal Year Ended September 30, 2012	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	83,307	$	(53,789	)	$	8,164	$	44,133		$	81,815
Construction - speculative	13,828		(4,916		)	711		2,437			12,060
Construction - custom	623		—			—		(276		)	347
Land - acquisition & development	32,719		(16,978		)	1,341		(1,484		)	15,598
Land - consumer lot loans	5,520		(2,670		)	—		2,087			4,937
Multi-family	7,623		(1,393		)	504		(1,454		)	5,280
Commercial real estate	4,331		(814		)	225		(1,786		)	1,956
Commercial & industrial	5,099		(249		)	2,366		410			7,626
HELOC	1,139		(232		)	66		(8		)	965
Consumer	2,971		(3,538		)	1,480		1,650			2,563
	$	157,160	$	(84,579	)	$	14,857	$	45,709		$	133,147

The Company recorded a $3,600,000 provision for loan losses during the quarter ended December 31, 2012, while an $11,210,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $264,219,000, or 2.02%, of total assets at December 31, 2012, compared to $343,665,000, or 2.52%, 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 December 31, 2012. Non-accrual loans decreased from $185,783,000 at December 31, 2011, to $163,116,000 at December 31, 2012, a 12.2% decrease. The Company had net charge-offs of $9,920,000 for the quarter ended December 31, 2012, compared with $13,829,000 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. $115,141,000 of the allowance was calculated under our general allowance methodology and the remaining $11,686,000 was made up of specific reserves on loans that were deemed to be impaired at December 31, 2012. For the period ending December 31, 2011, $114,552,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $39,988,000 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 an increase in delinquencies and elevated charge-offs in the single family residential portfolio.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2012 and September 30, 2012:

December 31, 2012	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	General  Reserve Allocation		Gross Loans Subject  to General Reserve (1)		Ratio		Specific  Reserve Allocation		Gross Loans Subject  to Specific Reserve (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	77,473	$	5,468,956	1.4	%	$	35	$	104,634	—	%
Construction - speculative	6,567		106,292		6.2		2,093		17,579		11.9
Construction - custom	275		228,140		0.1		—		—		—
Land - acquisition & development	9,097		78,188		11.6		5,959		31,270		19.1
Land - consumer lot loans	4,217		134,610		3.1		746		2,496		29.9
Multi-family	2,862		707,153		0.4		2,245		14,649		15.3
Commercial real estate	2,043		333,610		0.6		608		13,954		4.4
Commercial & industrial	8,062		171,148		4.7		—		496		—
HELOC	1,044		111,986		0.9		—		—		—
Consumer	3,501		59,131		5.9		—		—		—
	$	115,141	$	7,399,214	1.6		$	11,686	$	185,078	6.3

 ___________________

(1) Excludes acquired and covered loans

September 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	$	81,737	$	5,694,337	1.4	%	$	78	$	84,584	0.1	%
Construction - speculative	9,079		104,312		8.7		2,981		25,325		11.8
Construction - custom	347		211,690		0.2		—		—		—
Land - acquisition & development	6,697		47,294		14.2		8,901		77,383		11.5
Land - consumer lot loans	4,176		138,666		3.0		761		3,178		23.9
Multi-family	2,818		694,140		0.4		2,462		16,000		15.4
Commercial real estate	1,158		292,550		0.4		798		26,660		3.0
Commercial & industrial	7,624		161,689		4.7		2		1,134		0.2
HELOC	965		112,812		0.9		—		90		—
Consumer	2,563		63,374		4.0		—		—		—
	$	117,164	$	7,520,864	1.6		$	15,983	$	234,354	6.8

(1) Excludes acquired and covered loans

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

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

December 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,394,895		$	2,537		$	176,158		$	—		$	—		$	5,573,590
Construction - speculative	84,207			11,241			28,423			—			—			123,871
Construction - custom	228,140			—			—			—			—			228,140
Land - acquisition & development	67,717			3,430			38,311			—			—			109,458
Land - consumer lot loans	135,240			124			1,742			—			—			137,106
Multi-family	697,812			2,243			21,747			—			—			721,802
Commercial real estate	292,210			22,490			32,864			—			—			347,564
Commercial & industrial	167,026			1,673			2,906			—			39			171,644
HELOC	111,986			—			—			—			—			111,986
Consumer	58,363			411			357			—			—			59,131
	7,237,596			44,149			302,508			—			39			7,584,292
Acquired loans
Single-family residential	15,495			—			—			—			—			15,495
Construction - speculative	—			—			90			—			—			90
Construction - custom	994			—			—			—			—			994
Land - acquisition & development	2,247			—			1,273			—			—			3,520
Land - consumer lot loans	3,760			86			45			—			—			3,891
Multi-family	3,310			179			5,844			—			—			9,333
Commercial real estate	135,480			6,569			34,059			—			2,619			178,727
Commercial & industrial	67,857			16,319			20,592			—			2,163			106,931
HELOC	12,342			—			674			—			794			13,810
Consumer	10,748			—			11			—			—			10,759
	252,233			23,153			62,588			—			5,576			343,550
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,611			—			2,820			—			—			4,431
Pool 2 - Single-family residential	340			—			—			—			—			340
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,940			—			—			—			—			12,940
Pool 5 - Commercial real estate	52,982			1,025			28,654			996			—			83,657
Pool 6 - Commercial & industrial	1,031			73			523			256			—			1,883
Total credit impaired acquired loans	68,904			1,098			31,997			1,252			—			103,251
Total gross loans	$	7,558,733		$	68,400		$	397,093		$	1,252		$	5,615		$	8,031,093
Total grade as a % of total gross loans	94.6		%	0.8		%	4.6		%	—		%	—		%

September 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,588,252		$	844		$	189,826		$	—		$	—		$	5,778,922
Construction - speculative	86,126			10,113			33,398			—			—			129,637
Construction - custom	211,690			—			—			—			—			211,690
Land - acquisition & development	73,661			4,637			46,379			—			—			124,677
Land - consumer lot loans	140,006			223			1,615			—			—			141,844
Multi-family	684,649			5,098			20,393			—			—			710,140
Commercial real estate	278,022			16,282			24,906			—			—			319,210
Commercial & industrial	158,421			1,071			3,331			—			—			162,823
HELOC	112,902			—			—			—			—			112,902
Consumer	62,611			354			409			—			—			63,374
	7,396,340			$	38,622		$	320,257		$	—		$	—		$	7,755,219
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,466			—			3,125			—			—			5,591
Pool 2 - Single-family residential	342			—			—			—			—			342
Pool 3 - Multi-family	—			—			601			—			—			601
Pool 4 - HELOC & other consumer	14,137			—			—			—			—			14,137
Pool 5 - Commercial real estate	53,683			4,308			28,200			963			—			87,154
Pool 6 - Commercial & industrial	1,566			58			733			935			—			3,292
Total credit impaired acquired loans	72,194			4,366			32,659			1,898			—			111,117
Total gross loans	$	7,468,534		$	42,988		$	352,916		$	1,898		$	—		$	7,866,336
Total grade as a % of total gross loans	94.9		%	0.6		%	4.5		%	—		%	—		%

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

December 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,465,020	98.1	%	$	108,570	1.9	%
Construction - speculative	114,400		92.4		9,471		7.6
Construction - custom	228,101		100.0		39		—
Land - acquisition & development	95,140		86.9		14,318		13.1
Land - consumer lot loans	133,082		97.1		4,024		2.9
Multi-family	713,895		98.9		7,907		1.1
Commercial real estate	330,606		95.1		16,958		4.9
Commercial & industrial	170,657		99.4		987		0.6
HELOC	111,497		99.6		489		0.4
Consumer	58,778		99.4		353		0.6
	$	7,421,176	97.8		$	163,116	2.2

September 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,647,729	97.7	%	$	131,193	2.3	%
Construction - speculative	119,003		91.8		10,634		8.2
Construction - custom	211,151		99.7		539		0.3
Land - acquisition & development	111,200		89.2		13,477		10.8
Land - consumer lot loans	136,695		96.4		5,149		3.6
Multi-family	705,955		99.4		4,185		0.6
Commercial real estate	311,557		97.6		7,653		2.4
Commercial & industrial	162,807		100.0		16		—
HELOC	112,704		99.8		198		0.2
Consumer	62,991		99.4		383		0.6
	$	7,581,792	97.8	%	$	173,427	2.2	%

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

								Average Recorded Investment
December 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended December 31, 2012
	(In thousands)
With no related allowance recorded:
Single-family residential	$	42,110	$	49,559	$	—		$	43,478
Construction - speculative	4,637		5,529		—			4,681
Construction - custom	568		568		—			568
Land - acquisition & development	11,875		23,244		—			12,020
Land - consumer lot loans	3,094		3,316		—			2,982
Multi-family	5,022		5,022		—			4,281
Commercial real estate	12,857		14,198		—			11,101
Commercial & industrial	3,164		8,469		—			2,387
HELOC	1,163		1,163		—			737
Consumer	1		17		—			13
	84,491		111,085		—			82,248
With an allowance recorded:
Single-family residential	355,311		363,996		19,073			356,506
Construction - speculative	19,533		20,438		2,093			19,975
Construction - custom	—		—		—			—
Land - acquisition & development	20,994		23,763		5,959			22,418
Land - consumer lot loans	13,785		13,857		746			13,803
Multi-family	18,524		18,639		2,245			18,620
Commercial real estate	8,360		8,360		608			8,382
Commercial & industrial	—		—		—			—
HELOC	741		741		—			737
Consumer	—		—		—			—
	437,248		449,794		30,724		(1)	440,441
Total:
Single-family residential	397,421		413,555		19,073			399,984
Construction - speculative	24,170		25,967		2,093			24,656
Construction - custom	568		568		—			568
Land - acquisition & development	32,869		47,007		5,959			34,438
Land - consumer lot loans	16,879		17,173		746			16,785
Multi-family	23,546		23,661		2,245			22,901
Commercial real estate	21,217		22,558		608			19,483
Commercial & industrial	3,164		$	8,469	—			2,387
HELOC	1,904		1,904		—			1,474
Consumer	1		17		—			13
	$	521,739	$	560,879	$	30,724	(1)	$	522,689

____________________ 

(1)Includes $11,686,000 of specific reserves and $19,038,000 included in the general reserves.

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	106,955	$	124,342	$	—		$	49,524
Construction - speculative	13,726		16,568		—			13,581
Construction - custom	—		—		—			—
Land - acquisition & development	18,000		30,209		—			16,417
Land - consumer lot loans	1,677		2,185		—			487
Multi-family	8,792		8,991		—			6,935
Commercial real estate	31,190		42,656		—			12,946
Commercial & industrial	1,146		7,363		—			581
HELOC	90		1,066		—			36
Consumer	—		4		—			—
	181,576		233,384		—			100,507
With an allowance recorded:
Single-family residential	317,901		317,901		25,723			305,350
Construction - speculative	12,836		12,836		2,981			12,822
Construction - custom	—		—		—			—
Land - acquisition & development	20,750		20,750		8,901			21,650
Land - consumer lot loans	13,881		13,881		761			13,126
Multi-family	14,153		14,555		2,462			14,279
Commercial real estate	3,722		3,722		798			2,897
Commercial & industrial	—		2		2			22
HELOC	734		734		—			743
Consumer	—		—		—			—
	383,977		384,381		41,628		(1)	370,889
Total:
Single-family residential	424,856		442,243		25,723			354,874
Construction - speculative	26,562		29,404		2,981			26,403
Construction - custom	—		—		—			—
Land - acquisition & development	38,750		50,959		8,901			38,067
Land - consumer lot loans	15,558		16,066		761			13,613
Multi-family	22,945		23,546		2,462			21,214
Commercial real estate	34,912		46,378		798			15,843
Commercial & industrial	1,146		7,365		2			603
HELOC	824		1,800		—			779
Consumer	—		4		—			—
	$	565,553	$	617,765	$	41,628	(1)	$	471,396

(1) Includes $15,983,000 of specific reserves and $25,645,000 included in the general reserves.

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Acquisitions (Schedule of Net Liabilities Acquired) (Details) (South Valley Bank [Member], USD $) In Thousands, unless otherwise specified	Oct. 31, 2012
South Valley Bank [Member]
Assets:
Cash and cash equivalents	$ 212,711
Available for sale securities	43,899
FHLB stock	5,211
Loans receivable, net	343,510
Covered loans receivable, net	107,075
FDIC indemnification asset	17,364
Property and equipment, net	24,561
Core deposit intangible	3,000
Real estate held for sale	10,857
Covered real estate held for sale	6,031
Goodwill	8,692
Other assets	27,855
Total Assets	810,766
Liabilities:
Customer accounts	735,415
FHLB advances	22,471
Other liabilities	8,985
Total Liabilities	766,871
Net assets acquired	43,895
Consideration provided:
Equity Issued	33,492
Cash paid	10,403
Total considerartion	$ 43,895

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Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2012

Fair Value Measurements [Abstract]

Fair Value of Assets Measured on Recurring Basis

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

	Fair Value at December 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		407,372		—		407,372
Obligations of states and political subdivisions	—		25,060		—		25,060
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		403,357		—		403,357
Mortgage-backed securities					—
Agency pass-through certificates	—		1,167,988		—		1,167,988
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,003,777	$	—	$	2,003,777

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 December 31, 2012, and the total losses resulting from those fair value adjustments for the quarter ended December 31, 2012. The following estimated fair values are shown gross of estimated selling costs:

	Through December 31, 2012								Quarter Ended December 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	21,238	$	21,238	$	9,813
Covered REO (2)	—		—		3,080		3,080		91
Real estate held for sale (2)	—		—		25,426		25,426		7,536
Balance at end of period	$	—	$	—	$	49,744	$	49,744	$	17,440

 ___________________

(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.

		December 31, 2012				September 30, 2012
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	637,298	$	637,298	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		407,372		407,372		183,560		183,560
Obligations of states and political subdivisions		25,060		25,060		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		403,357		403,357		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,167,988		1,167,988		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,003,777		2,003,777		1,781,705		1,781,705
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		—		—		795		802
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		1,407,246		1,423,571		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,407,246		1,423,571		1,191,487		1,217,223
Loans receivable	3	7,614,910		8,324,457		7,451,998		7,949,892
Covered loans	3	380,594		389,921		288,376		289,754
FDIC indemnification asset	3	90,415		88,033		87,571		85,846
FHLB stock	2	153,542		153,542		149,840		149,840
Financial liabilities
Customer accounts	2	9,234,091		8,902,278		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,880,000		2,105,789		1,880,000		2,110,223

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:

	December 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	18,133	$	36	$	(51	)	$	18,118	0.44	%
1 to 5 years	58,000		2,597		—			60,597		1.55
5 to 10 years	33,300		1,435		—			34,735		1.75
Over 10 years	293,922		—		—			293,922		0.93
Corporate bonds due
Within 1 year	19,500		5		—			19,505		0.49
1 to 5 years	316,928		2,656		(292		)	319,292		0.84
5 to 10 years	62,954		1,612		(6		)	64,560		2.02
Municipal bonds due
Over 10 years	20,437		4,623		—			25,060		6.45
Mortgage-backed securities
Agency pass-through certificates	1,162,202		6,418		(632		)	1,167,988		2.07
	1,985,376		19,382		(981		)	2,003,777		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	—		—		—			—		—
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	1,407,246		16,616		(291		)	1,423,571		3.05
	1,407,246		16,616		(291		)	1,423,571		3.05
	$	3,392,622	$	35,998	$	(1,272	)	$	3,427,348	2.26	%

	September 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	$	19,999	$	42		$	(6	)	$	20,035	0.57	%
1 to 5 years	—		—			—			—		—
5 to 10 years	59,300		4,225			—			63,525		2.21
Over 10 years	100,000		—			—			100,000		1.05
Corporate bonds due
1 to 5 years	336,340		2,810			(61		)	339,089		0.91
5 to 10 years	62,919		1,324			(7		)	64,236		2.73
Municipal bonds due
Over 10 years	20,442		4,402			—			24,844		6.45
Mortgage-backed securities
Agency pass-through certificates	1,161,668		9,358			(1,050		)	1,169,976		2.28
	1,760,668		22,161			(1,124		)	1,781,705		1.99
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		7			—			802		5.80
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	1,190,692		25,729			—			1,216,421		3.10
	1,191,487		25,736			—			1,217,223		3.10
	$	2,952,155	$	47,897		$	(1,124	)	$	2,998,928	2.44	%

Schedule of Unrealized Losses and Fair Value of Securities

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

	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
Corporate bonds due	$	(292	)	$	37,802	$	(6	)	$	9,994	$	(298	)	$	47,796
U.S. government and agency securities due	(51		)	17,582		—			—		(51		)	17,582
Agency pass-through certificates	(844		)	429,745		(79		)	62,556		(923		)	492,301
	(1,187		)	$	485,129	$	(85	)	$	72,550	(1,272		)	$	557,679

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Off-Balance-Sheet Credit Exposures

The Company estimates losses on off-balance-sheet credit exposures by including the exposures with the related principal balance outstanding and then applying its general reserve methodology.

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

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Fair Value Measurements

3 Months Ended

Dec. 31, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

Fair Value Measurements

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

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

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

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

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

Measured on a Recurring Basis

Securities

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

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

	Fair Value at December 31, 2012
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	—	$	—	$	—
Obligations of U.S. government	—		407,372		—		407,372
Obligations of states and political subdivisions	—		25,060		—		25,060
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		403,357		—		403,357
Mortgage-backed securities					—
Agency pass-through certificates	—		1,167,988		—		1,167,988
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,003,777	$	—	$	2,003,777

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

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

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

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

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

	Through December 31, 2012								Quarter Ended December 31, 2012
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	21,238	$	21,238	$	9,813
Covered REO (2)	—		—		3,080		3,080		91
Real estate held for sale (2)	—		—		25,426		25,426		7,536
Balance at end of period	$	—	$	—	$	49,744	$	49,744	$	17,440

 ___________________

(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 December 31, 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.

		December 31, 2012				September 30, 2012
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	637,298	$	637,298	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		407,372		407,372		183,560		183,560
Obligations of states and political subdivisions		25,060		25,060		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		403,357		403,357		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,167,988		1,167,988		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,003,777		2,003,777		1,781,705		1,781,705
Held-to-maturity securities	2
Equity securities		—		—		—		—
Obligations of U.S. government		—		—		—		—
Obligations of states and political subdivisions		—		—		795		802
Obligations of foreign governments		—		—		—		—
Corporate debt securities		—		—		—		—
Mortgage-backed securities
Agency pass-through certificates		1,407,246		1,423,571		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,407,246		1,423,571		1,191,487		1,217,223
Loans receivable	3	7,614,910		8,324,457		7,451,998		7,949,892
Covered loans	3	380,594		389,921		288,376		289,754
FDIC indemnification asset	3	90,415		88,033		87,571		85,846
FHLB stock	2	153,542		153,542		149,840		149,840
Financial liabilities
Customer accounts	2	9,234,091		8,902,278		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,880,000		2,105,789		1,880,000		2,110,223

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:

	December 31, 2012
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
Within 1 year	$	18,133	$	36	$	(51	)	$	18,118	0.44	%
1 to 5 years	58,000		2,597		—			60,597		1.55
5 to 10 years	33,300		1,435		—			34,735		1.75
Over 10 years	293,922		—		—			293,922		0.93
Corporate bonds due
Within 1 year	19,500		5		—			19,505		0.49
1 to 5 years	316,928		2,656		(292		)	319,292		0.84
5 to 10 years	62,954		1,612		(6		)	64,560		2.02
Municipal bonds due
Over 10 years	20,437		4,623		—			25,060		6.45
Mortgage-backed securities
Agency pass-through certificates	1,162,202		6,418		(632		)	1,167,988		2.07
	1,985,376		19,382		(981		)	2,003,777		4.11
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	—		—		—			—		—
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	1,407,246		16,616		(291		)	1,423,571		3.05
	1,407,246		16,616		(291		)	1,423,571		3.05
	$	3,392,622	$	35,998	$	(1,272	)	$	3,427,348	2.26	%

	September 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	$	19,999	$	42		$	(6	)	$	20,035	0.57	%
1 to 5 years	—		—			—			—		—
5 to 10 years	59,300		4,225			—			63,525		2.21
Over 10 years	100,000		—			—			100,000		1.05
Corporate bonds due
1 to 5 years	336,340		2,810			(61		)	339,089		0.91
5 to 10 years	62,919		1,324			(7		)	64,236		2.73
Municipal bonds due
Over 10 years	20,442		4,402			—			24,844		6.45
Mortgage-backed securities
Agency pass-through certificates	1,161,668		9,358			(1,050		)	1,169,976		2.28
	1,760,668		22,161			(1,124		)	1,781,705		1.99
Held-to-maturity securities
Tax-exempt municipal bonds due
Within 1 year	795		7			—			802		5.80
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	1,190,692		25,729			—			1,216,421		3.10
	1,191,487		25,736			—			1,217,223		3.10
	$	2,952,155	$	47,897		$	(1,124	)	$	2,998,928	2.44	%

During the period ending December 31, 2012, $43,899,000 of available-for-sale securities were sold, resulting in a gain of $0. $3,500,000 of available-for-sale securities were sold during the period ending December 31, 2011, resulting in a gain of $0.

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 December 31, 2012, by length of time that individual securities in each category have been in a continuous loss position. Management believes that the declines in fair value of these investments are not an other than temporary impairment.

	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
Corporate bonds due	$	(292	)	$	37,802	$	(6	)	$	9,994	$	(298	)	$	47,796
U.S. government and agency securities due	(51		)	17,582		—			—		(51		)	17,582
Agency pass-through certificates	(844		)	429,745		(79		)	62,556		(923		)	492,301
	(1,187		)	$	485,129	$	(85	)	$	72,550	(1,272		)	$	557,679

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Covered Assets

3 Months Ended

Dec. 31, 2012

Covered Assets [Abstract]

Covered Assets

Covered Assets

Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements and were $416,624,000 as of December 31, 2012, versus $317,925,000 as of September 30, 2012.

As of the close of business October 31, 2012, the Company acquired covered assets as part of the South Valley acquisition as described in Note B. The purchase accounting, for acquired assets and liabilities, mainly related to the valuation of the acquired loans, is subject to future adjustment based on the completion of valuations. The carrying balance of acquired covered loans have been included in the following tables; however, the balances are subject to future adjustment based on the completion of the purchase accounting valuations.

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2012 and the fiscal year ended September 30, 2012 were as follows:

December 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	50,902		$	74,953		$	23,789		$	213,423
Additions (1)	—			107,075			—			—
Accretion	(12,487		)	12,487			(1,803		)	1,803
Transfers to REO	—			(2,512		)	—			—
Payments received, net	—			(9,591		)	—			(17,044		)
Balance at end of period	$	38,415		$	182,412		$	21,986		$	198,182
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

September 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
Reclassification from nonaccretable balance, net	34,690			—			—			—
Accretion	(20,860		)	20,860			(6,581		)	6,581
Transfers to REO	—			(15,905		)	—			—
Payments received, net	—			(46,063		)	—			(63,046		)
Balance at end of period	$	50,902		$	74,953		$	23,789		$	213,423

At December 31, 2012, none of the acquired impaired or non-impaired loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired loans was $465,882,000 and $373,455,000 as of December 31, 2012 and September 30, 2012, respectively. The discount balance related to the acquired loans was $85,288,000 and $85,079,000 as of December 31, 2012 and September 30, 2012, respectively.

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

	December 31, 2012			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,364			3,284
Payments made (received)	(4,566		)	(3,456		)
Amortization	(10,224		)	(15,510		)
Accretion	270			1,619
Balance at end of period	$	90,415		$	87,571
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

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

Credit Risk Profile by Internally Assigned Grade:

December 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	31,560		$	—		$	3,085		$	—		$	—		$	34,645
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,065			1,482			6,321			—			—			10,868
Land - consumer lot loans	443			—			—			—			—			443
Multi-family	23,902			—			2,740			—			—			26,642
Commercial real estate	70,032			10,637			29,123			—			—			109,792
Commercial & industrial	6,444			500			5,066			—			—			12,010
HELOC	16,556			—			—			—			—			16,556
Consumer	721			—			—			—			—			721
	152,825			12,619			46,335			—			—			211,779
Total grade as a % of total net loans	72.2		%	6.0		%	21.9		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	—			9,782			5,049			30,539			45,370			54,857
Pool 2 - Single-family residential	—			665			—			1,783			2,448			26,815
Pool 3 - Multi-family	—			—			—			2,973			2,973			5,872
Pool 4 - HELOC & other consumer	—			905			—			2,980			3,885			8,322
Pool 5 - Commercial real estate	—			400			25,636			40,775			66,811			133,471
Pool 6 - Commercial & industrial	—			3,633			994			10,144			14,771			24,766
	$	—		$	15,385		$	31,679		$	89,194		$	136,258		254,103
													Total covered loans			465,882
													Discount			(85,288		)
													Allowance			—
													Covered loans, net			$	380,594

September 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	32,272		$	—		$	3,404		$	—		$	—		$	35,676
Construction - speculative	90			—			—			—			—			90
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,440			1,970			6,020			—			—			11,430
Land - consumer lot loans	498			—			—			—			—			498
Multi-family	24,898			—			2,747			—			—			27,645
Commercial real estate	89,530			298			31,764			—			—			121,592
Commercial & industrial	7,146			510			5,367			—			—			13,023
HELOC	17,971			—			—			—			—			17,971
Consumer	918			—			—			—			—			918
	176,763			2,778			49,302			—			—			228,843
Total grade as a % of total net loans	77.3		%	1.2		%	21.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,795			5,301			35,857			—			—			50,953
Pool 2 - Single-family residential	669			—			2,953			—			—			3,622
Pool 3 - Multi-family	—			—			2,996			—			—			2,996
Pool 4 - HELOC & other consumer	1,094			—			3,096			—			—			4,190
Pool 5 - Commercial real estate	404			25,785			41,403			—			—			67,592
Pool 6 - Commercial & industrial	3,787			1,006			10,466			—			—			15,259
	$	15,749		$	32,092		$	96,771		$	—		$	—		144,612
													Total covered loans			373,455
													Discount			(85,079		)
													Allowance			—
													Covered loans, net			$	288,376

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

December 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	34,645	$	31,887	$	50	$	—	$	2,708	$	2,758	7.96	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,868		9,495		—		36		1,337		1,373		12.63
Land - Consumer Lot Loans	443		345		—		—		98		98		22.12
Multi-Family	26,642		24,934		200		—		1,508		1,708		6.41
Commercial Real Estate	109,792		107,753		192		—		1,847		2,039		1.86
Commercial & Industrial	12,010		8,213		369		—		3,428		3,797		31.62
HELOC	16,556		16,247		29		—		280		309		1.87
Consumer	721		719		1		1		—		2		0.28
	$	211,779	$	199,695	$	841	$	37	$	11,206	$	12,084	5.71	%

September 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	$	35,676	$	32,601	$	2,075	$	—	$	1,000	$	3,075	8.62	%
Construction - Speculative	90		90		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	11,430		9,922		—		—		1,508		1,508		13.19
Land - Consumer Lot Loans	498		385		—		—		113		113		22.69
Multi-Family	27,645		26,137		—		—		1,508		1,508		5.45
Commercial Real Estate	121,592		115,206		17		4,447		1,922		6,386		5.25
Commercial & Industrial	13,023		9,513		—		69		3,441		3,510		26.95
HELOC	17,971		17,440		97		50		384		531		2.95
Consumer	918		916		—		1		1		2		2.20
	$	228,843	$	212,210	$	2,189	$	4,567	$	9,877	$	16,633	7.27	%

NM - not meaningful

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Acquisitions (Tables)

3 Months Ended

Dec. 31, 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:

	Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,899
FHLB stock	5,211
Loans receivable, net	343,510
Covered loans receivable, net	107,075
FDIC indemnification asset	17,364
Property and equipment, net	24,561
Core deposit intangible	3,000
Real estate held for sale	10,857
Covered real estate held for sale	6,031
Goodwill	8,692
Other assets	27,855
Total Assets	810,766
Liabilities:
Customer accounts	735,415
FHLB advances	22,471
Other liabilities	8,985
Total Liabilities	766,871
Net assets acquired	$	43,895
Consideration provided:
Equity Issued	$	33,492
Cash paid	10,403
	$	43,895

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Allowance for Losses on Loans (Impaired Loans Based on Loan Types) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Dec. 31, 2012		Sep. 30, 2012		Sep. 30, 2011
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 521,739		$ 565,553
Unpaid Principal Balance	560,879		617,765
Related Allowance	30,724	[1]	41,628	[2]
Average Recorded Investment	522,689		471,396
Amount of related allowance included in specific reserves	11,686				15,983
Amount of related allowance included in general reserves	19,038				25,645
Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	397,421		424,856
Unpaid Principal Balance	413,555		442,243
Related Allowance	19,073		25,723
Average Recorded Investment	399,984		354,874
Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	24,170		26,562
Unpaid Principal Balance	25,967		29,404
Related Allowance	2,093		2,981
Average Recorded Investment	24,656		26,403
Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	568		0
Unpaid Principal Balance	568		0
Related Allowance	0		0
Average Recorded Investment	568		0
Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	32,869		38,750
Unpaid Principal Balance	47,007		50,959
Related Allowance	5,959		8,901
Average Recorded Investment	34,438		38,067
Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,879		15,558
Unpaid Principal Balance	17,173		16,066
Related Allowance	746		761
Average Recorded Investment	16,785		13,613
Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	23,546		22,945
Unpaid Principal Balance	23,661		23,546
Related Allowance	2,245		2,462
Average Recorded Investment	22,901		21,214
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	21,217		34,912
Unpaid Principal Balance	22,558		46,378
Related Allowance	608		798
Average Recorded Investment	19,483		15,843
Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,164		1,146
Unpaid Principal Balance	8,469		7,365
Related Allowance	0		2
Average Recorded Investment	2,387		603
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,904		824
Unpaid Principal Balance	1,904		1,800
Related Allowance	0		0
Average Recorded Investment	1,474		779
Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1		0
Unpaid Principal Balance	17		4
Related Allowance	0		0
Average Recorded Investment	13		0
Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	84,491		181,576
Unpaid Principal Balance	111,085		233,384
Related Allowance	0		0
Average Recorded Investment	82,248		100,507
Financing Receivable, Impairment, No Related Allowance [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	42,110		106,955
Unpaid Principal Balance	49,559		124,342
Related Allowance	0		0
Average Recorded Investment	43,478		49,524
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,637		13,726
Unpaid Principal Balance	5,529		16,568
Related Allowance	0		0
Average Recorded Investment	4,681		13,581
Financing Receivable, Impairment, No Related Allowance [Member] | Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	568		0
Unpaid Principal Balance	568		0
Related Allowance	0		0
Average Recorded Investment	568		0
Financing Receivable, Impairment, No Related Allowance [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,875		18,000
Unpaid Principal Balance	23,244		30,209
Related Allowance	0		0
Average Recorded Investment	12,020		16,417
Financing Receivable, Impairment, No Related Allowance [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,094		1,677
Unpaid Principal Balance	3,316		2,185
Related Allowance	0		0
Average Recorded Investment	2,982		487
Financing Receivable, Impairment, No Related Allowance [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,022		8,792
Unpaid Principal Balance	5,022		8,991
Related Allowance	0		0
Average Recorded Investment	4,281		6,935
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	12,857		31,190
Unpaid Principal Balance	14,198		42,656
Related Allowance	0		0
Average Recorded Investment	11,101		12,946
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,164		1,146
Unpaid Principal Balance	8,469		7,363
Related Allowance	0		0
Average Recorded Investment	2,387		581
Financing Receivable, Impairment, No Related Allowance [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,163		90
Unpaid Principal Balance	1,163		1,066
Related Allowance	0		0
Average Recorded Investment	737		36
Financing Receivable, Impairment, No Related Allowance [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1		0
Unpaid Principal Balance	17		4
Related Allowance	0		0
Average Recorded Investment	13		0
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	437,248		383,977
Unpaid Principal Balance	449,794		384,381
Related Allowance	30,724	[1]	41,628	[2]
Average Recorded Investment	440,441		370,889
Financing Receivable, Impairment, Allowance Recorded [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	355,311		317,901
Unpaid Principal Balance	363,996		317,901
Related Allowance	19,073		25,723
Average Recorded Investment	356,506		305,350
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction, Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	19,533		12,836
Unpaid Principal Balance	20,438		12,836
Related Allowance	2,093		2,981
Average Recorded Investment	19,975		12,822
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction, Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		0
Average Recorded Investment	0		0
Financing Receivable, Impairment, Allowance Recorded [Member] | Land, Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	20,994		20,750
Unpaid Principal Balance	23,763		20,750
Related Allowance	5,959		8,901
Average Recorded Investment	22,418		21,650
Financing Receivable, Impairment, Allowance Recorded [Member] | Land, Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	13,785		13,881
Unpaid Principal Balance	13,857		13,881
Related Allowance	746		761
Average Recorded Investment	13,803		13,126
Financing Receivable, Impairment, Allowance Recorded [Member] | Multi Family Housing [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	18,524		14,153
Unpaid Principal Balance	18,639		14,555
Related Allowance	2,245		2,462
Average Recorded Investment	18,620		14,279
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	8,360		3,722
Unpaid Principal Balance	8,360		3,722
Related Allowance	608		798
Average Recorded Investment	8,382		2,897
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial and Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0
Unpaid Principal Balance	0		2
Related Allowance	0		2
Average Recorded Investment	0		22
Financing Receivable, Impairment, Allowance Recorded [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	741		734
Unpaid Principal Balance	741		734
Related Allowance	0		0
Average Recorded Investment	737		743
Financing Receivable, Impairment, Allowance Recorded [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		0
Average Recorded Investment	$ 0		$ 0

[1] Includes $11,686,000 of specific reserves and $19,038,000 included in the general reserves.

[2] Includes $15,983,000 of specific reserves and $25,645,000 included in the general reserves.

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $)	Dec. 31, 2012	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 204,566,000	$ 213,286,000
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 252,553,000

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Loans Receivable (excluding Covered Loans) (Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2012	Sep. 30, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretion, Carrying Amount of Loans	$ 270	$ 1,619
Credit Impaired Acquired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, AccretableYield	16,928
Balance at beginning of period, Carrying Amount of Loans	77,613
Additions, AccretableYield	0
Additions, Carrying Amount of Loans	0
Accretion, AccretableYield	(1,360)
Accretion, Carrying Amount of Loans	1,360
Transfers to REO, AccretableYield	0
Transfers to REO, Carrying Amount of Loans	(957)
Payments received, net, AccretableYield	0
Payments received, net, Carrying Amount of Loans	(8,677)
Balance at end of period, AccretableYield	15,568
Balance at end of period, Carrying Amount of Loans	$ 69,339

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Covered Assets (Aging Analysis of Non-Credit Impaired Loans) (Details) (Acquired Non Impaired Assets [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	$ 211,779	$ 228,843
Loans and Leases Receivable, Covered Loans, Current	199,695	212,210
Loans and Leases Receivable, Covered Loans, 30 Days	841	2,189
Loans and Leases Receivable, Covered Loans, 60 Days	37	4,567
Loans and Leases Receivable, Covered Assets, 90 Days	11,206	9,877
Loans and Leases Receivable, Covered Assets, Past Due	12,084	16,633
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	5.71%	7.27%
Single Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	34,645	35,676
Loans and Leases Receivable, Covered Loans, Current	31,887	32,601
Loans and Leases Receivable, Covered Loans, 30 Days	50	2,075
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	2,708	1,000
Loans and Leases Receivable, Covered Assets, Past Due	2,758	3,075
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	7.96%	8.62%
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	102	90
Loans and Leases Receivable, Covered Loans, Current	102	90
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
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
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	10,868	11,430
Loans and Leases Receivable, Covered Loans, Current	9,495	9,922
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	36	0
Loans and Leases Receivable, Covered Assets, 90 Days	1,337	1,508
Loans and Leases Receivable, Covered Assets, Past Due	1,373	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	12.63%	13.19%
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	443	498
Loans and Leases Receivable, Covered Loans, Current	345	385
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	98	113
Loans and Leases Receivable, Covered Assets, Past Due	98	113
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	22.12%	22.69%
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	26,642	27,645
Loans and Leases Receivable, Covered Loans, Current	24,934	26,137
Loans and Leases Receivable, Covered Loans, 30 Days	200	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	1,708	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	6.41%	5.45%
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	109,792	121,592
Loans and Leases Receivable, Covered Loans, Current	107,753	115,206
Loans and Leases Receivable, Covered Loans, 30 Days	192	17
Loans and Leases Receivable, Covered Loans, 60 Days	0	4,447
Loans and Leases Receivable, Covered Assets, 90 Days	1,847	1,922
Loans and Leases Receivable, Covered Assets, Past Due	2,039	6,386
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	1.86%	5.25%
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	12,010	13,023
Loans and Leases Receivable, Covered Loans, Current	8,213	9,513
Loans and Leases Receivable, Covered Loans, 30 Days	369	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	69
Loans and Leases Receivable, Covered Assets, 90 Days	3,428	3,441
Loans and Leases Receivable, Covered Assets, Past Due	3,797	3,510
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	31.62%	26.95%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	16,556	17,971
Loans and Leases Receivable, Covered Loans, Current	16,247	17,440
Loans and Leases Receivable, Covered Loans, 30 Days	29	97
Loans and Leases Receivable, Covered Loans, 60 Days	0	50
Loans and Leases Receivable, Covered Assets, 90 Days	280	384
Loans and Leases Receivable, Covered Assets, Past Due	309	531
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	1.87%	2.95%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	721	918
Loans and Leases Receivable, Covered Loans, Current	719	916
Loans and Leases Receivable, Covered Loans, 30 Days	1	0
Loans and Leases Receivable, Covered Loans, 60 Days	1	1
Loans and Leases Receivable, Covered Assets, 90 Days	0	1
Loans and Leases Receivable, Covered Assets, Past Due	$ 2	$ 2
Loans and Leases Receivable, Covered Loans, Ratio of Total Past Due Loans to Total Loans Receivable, Net of Charge Offs and Loans in Process	0.28%	2.20%

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net income	$ 35,282	$ 33,418
Other comprehensive income (loss) net of tax:
Net unrealized losses on available-for-sales securities	(2,636)	(2,519)
Related tax benefit	969	926
Reclassification adjustment of net gain from sale of available-for-sale securities included in net income	0	0
Related tax benefit (expense)	0	0
Other comprehensive loss	(1,667)	(1,593)
Comprehensive income	$ 33,615	$ 31,825

XML

Loans Receivable (excluding Covered Loans)

3 Months Ended

Dec. 31, 2012

Loans Receivable [Abstract]

Loans Receivable (excluding Covered Loans)

– Loans Receivable (excluding Covered Loans)

	December 31, 2012				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,573,590	69.4	%	$	5,778,922	73.5	%
Construction - speculative	123,871		1.5		129,637		1.6
Construction - custom	228,140		2.9		211,690		2.7
Land - acquisition & development	109,458		1.4		124,677		1.6
Land - consumer lot loans	137,106		1.7		141,844		1.8
Multi-family	721,802		9.0		710,140		9.0
Commercial real estate	347,564		4.3		319,210		4.1
Commercial & industrial	171,644		2.1		162,823		2.1
HELOC	111,986		1.4		112,902		1.4
Consumer	59,131		0.7		63,374		0.8
Total non-acquired loans	7,584,292		94.4		7,755,219		98.6
Acquired loans
Single-family residential	15,495		0.2		—		—
Construction - speculative	90		—		—		—
Construction - custom	994		—		—		—
Land - acquisition & development	3,520		—		—		—
Land - consumer lot loans	3,891		0.1		—		—
Multi-family	9,333		0.2		—		—
Commercial real estate	178,727		2.2		—		—
Commercial & industrial	106,931		1.3		—		—
HELOC	13,810		0.2		—		—
Consumer	10,759		0.1		—		—
Total credit-impaired acquired loans	343,550		4.3		—		—
Credit-impaired acquired loans
Single-family residential	340		—		342		—
Construction - speculative	1,755		—		1,889		—
Land - acquisition & development	2,677		—		3,702		0.1
Multi-family	—		—		601		—
Commercial real estate	83,657		1.1		87,154		1.1
Commercial & industrial	1,883		—		3,292		—
HELOC	12,849		0.2		14,040		0.2
Consumer	90		—		97		—
Total credit-impaired acquired loans	103,251		1.3		111,117		1.4
Total loans
Single-family residential	5,589,425		69.6		5,779,264		73.5
Construction - speculative	125,716		1.5		131,526		1.6
Construction - custom	229,134		2.9		211,690		2.7
Land - acquisition & development	115,655		1.4		128,379		1.7
Land - consumer lot loans	140,997		1.8		141,844		1.8
Multi-family	731,135		9.2		710,741		9
Commercial real estate	609,948		7.6		406,364		5.2
Commercial & industrial	280,458		3.4		166,115		2.1

HELOC	138,645		1.8		126,942		1.6
Consumer	69,980		0.8		63,471		0.8
Total loans	8,031,093		100	%	7,866,336		100	%
Less:
Allowance for probable losses	126,827				133,147
Loans in process	204,566				213,286
Discount on acquired loans	50,817				33,484
Deferred net origination fees	33,973				34,421
	416,183				414,338
	$	7,614,910			$	7,451,998

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

	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2012	$	16,928		$	77,613
Additions	—			—
Accretion	(1,360		)	1,360
Transfers to REO	—			(957		)
Payments received, net	—			(8,677		)
Balance as of December 31, 2012	$	15,568		$	69,339

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

	December 31, 2012				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	108,570	66.6	%	$	131,193	75.7	%
Construction - speculative	9,471		5.8		10,634		6.1
Construction - custom	39		—		539		0.3
Land - acquisition & development	14,318		8.8		13,477		7.8
Land - consumer lot loans	4,024		2.5		5,149		3.0
Multi-family	7,907		4.8		4,185		2.4
Commercial real estate	16,958		10.4		7,653		4.4
Commercial & industrial	987		0.6		16		—
HELOC	489		0.3		198		0.1
Consumer	353		0.2		383		0.2
Total non-accrual loans	$	163,116	100	%	$	173,427	100	%

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

December 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,570,390	$	5,414,979	$	36,484	$	25,122	$	93,805	$	155,411	2.79	%
Construction - Speculative	86,902		78,536		1,373		1,911		5,082		8,366		9.63
Construction - Custom	120,382		120,164		32		147		39		218		0.18
Land - Acquisition & Development	106,679		94,278		557		231		11,613		12,401		11.62
Land - Consumer Lot Loans	136,928		132,135		776		45		3,972		4,793		3.50
Multi-Family	689,164		681,849		3,102		130		4,083		7,315		1.06
Commercial Real Estate	326,551		311,428		7,471		767		6,885		15,123		4.63
Commercial & Industrial	171,634		170,760		223		636		15		874		0.51
HELOC	111,986		111,473		112		—		401		513		0.46
Consumer	59,131		57,104		1,282		393		352		2,027		3.43
Total non-acquired loans	7,379,747		7,172,706		51,412		29,382		126,247		207,041		2.81
Acquired loans
Single-Family Residential	15,495		15,306		$	108	26		55		189		1.22	%
Construction - Speculative	90		90		—		—		—		—		—	%
Construction - Custom	994		994		—		—		—		—		—	%
Land - Acquisition & Development	3,520		3,520		—		—		—		—		—	%
Land - Consumer Lot Loans	3,891		3,839		—		—		52		52		—	%
Multi-Family	9,333		5,659		—		—		3,674		3,674		—	%
Commercial Real Estate	178,727		175,712		—		1,661		1,354		3,015		1.69	%
Commercial & Industrial	106,931		101,134		5,130		—		667		5,797		5.42	%
HELOC	13,810		13,706		16		—		88		104		0.75	%
Consumer	10,759		10,640		84		35		—		119		1.11	%
Total credit-impaired acquired loans	343,550		330,600		5,338		1,722		5,890		12,950		3.77	%
Credit-impaired acquired loans
Single-Family Residential	340		340		—		—		—		—		—
Construction - Speculative	1,755		1,755		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,676		2,612		—		—		64		64		2.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,637		77,474		—		722		5,441		6,163		7.37
Commercial & Industrial	1,883		1,527		51		—		305		356		18.91

HELOC	12,849		12,849		—		—		—		—		—
Consumer	90		89		—		—		1		1		1.11
Total credit-impaired acquired loans	103,230		96,646		51		722		5,811		6,584		6.38
Total loans	$	7,826,527	$	7,599,952	$	56,801	$	31,826	$	137,948	$	226,575	2.89

September 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)
Single-Family Residential	$	5,776,002	$	5,618,261	$	34,035	$	16,276	$	107,430	$	157,741	2.73	%
Construction - Speculative	88,849		85,785		142		190		2,732		3,064		3.45
Construction - Custom	107,882		107,215		128		—		539		667		0.62
Land - Acquisition & Development	119,192		106,321		853		1,004		11,014		12,871		10.80
Land - Consumer Lot Loans	141,772		134,560		1,688		375		5,149		7,212		5.09
Multi-Family	676,917		672,263		718		67		3,869		4,654		0.69
Commercial Real Estate	292,261		284,427		699		3,153		3,982		7,834		2.68
Commercial & Industrial	162,802		162,778		8		—		16		24		0.01
HELOC	112,902		112,482		158		64		198		420		0.37
Consumer	63,374		61,405		1,155		431		383		1,969		3.11
Total non-acquired loans	$	7,541,953	$	7,345,497	$	39,584	$	21,560	$	135,312	$	196,456	2.60	%
Credit-impaired acquired loans
Single-Family Residential	342		342		—		—		—		—		—	%
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	3,702		3,219		365		—		118		483		13.05
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	601		—		601		—		—		601		—
Commercial Real Estate	87,134		78,959		412		2,549		5,214		8,175		9.38
Commercial & Industrial	3,292		3,054		238		—		—		238		7.23
HELOC	14,040		13,950		—		90		—		90		0.64
Consumer	97		95		2		—		—		2		2.06
Total credit-impaired acquired loans	111,097		101,508		1,618		2,639		5,332		9,589		8.63	%
Total loans	$	7,653,050	$	7,447,005	$	41,202	$	24,199	$	140,644	$	206,045	2.69	%

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of December 31, 2012, single-family residential loans comprised 84.0% of TDRs.

The Company reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area.

The following tables provide information related to loans that were restructured during the periods indicated:

	Quarter Ended December 31,
	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	105	$	29,339	$	29,339	700	$	183,492	$	183,492
Construction - Speculative	1	2,503		2,503		24	6,409		6,409
Construction - Custom	—	—		—		1	1,196		1,196
Land - Acquisition & Development	—	—		—		25	8,524		8,524
Land - Consumer Lot Loans	11	1,836		1,836		65	9,017		9,017
Multi-Family	1	68		68		5	3,161		3,161
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	5		5
HELOC	—	—		—		3	185		185
Consumer	—	—		—		—	—		—
	118	$	33,746	$	33,746	825	$	212,297	$	212,297

The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:

	Quarter Ended December 31,
	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	31	$	7,498	36	$	8,413
Construction - Speculative	5	904		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	653
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	36	$	8,402	39	$	9,066

XML

Loans Receivable (excluding Covered Loans) (Loans on Non-accrual Status) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 163,116	$ 173,427	$ 185,783
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	108,570	131,193
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	66.60%	75.70%
Construction, Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	9,471	10,634
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	5.80%	6.10%
Construction, Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	39	539
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.00%	0.30%
Land, Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	14,318	13,477
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	8.80%	7.80%
Land, Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	4,024	5,149
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.50%	3.00%
Multi Family Housing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	7,907	4,185
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	4.80%	2.40%
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	16,958	7,653
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	10.40%	4.40%
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	987	16
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.60%	0.00%
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	489	198
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.30%	0.10%
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 353	$ 383
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.20%	0.20%

XML

Fair Value Measurements (Securities in Unrealized Loss Positions) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ (1,187)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	485,129
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(85)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	72,550
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(1,272)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	557,679
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	(292)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	37,802
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(6)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	9,994
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(298)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	47,796
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	(51)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	17,582
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	(51)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	17,582
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	(844)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	429,745
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(79)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	62,556
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(923)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 492,301

XML

Covered Assets (Tables)

3 Months Ended

Dec. 31, 2012

Covered Assets [Abstract]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2012 and the fiscal year ended September 30, 2012 were as follows:

December 31, 2012	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	50,902		$	74,953		$	23,789		$	213,423
Additions (1)	—			107,075			—			—
Accretion	(12,487		)	12,487			(1,803		)	1,803
Transfers to REO	—			(2,512		)	—			—
Payments received, net	—			(9,591		)	—			(17,044		)
Balance at end of period	$	38,415		$	182,412		$	21,986		$	198,182
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

September 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
Reclassification from nonaccretable balance, net	34,690			—			—			—
Accretion	(20,860		)	20,860			(6,581		)	6,581
Transfers to REO	—			(15,905		)	—			—
Payments received, net	—			(46,063		)	—			(63,046		)
Balance at end of period	$	50,902		$	74,953		$	23,789		$	213,423

Schedule of Activity for FDIC Indemnification Asset

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

	December 31, 2012			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,364			3,284
Payments made (received)	(4,566		)	(3,456		)
Amortization	(10,224		)	(15,510		)
Accretion	270			1,619
Balance at end of period	$	90,415		$	87,571
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

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 December 31, 2012 and September 30, 2012:

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

December 31, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,394,895		$	2,537		$	176,158		$	—		$	—		$	5,573,590
Construction - speculative	84,207			11,241			28,423			—			—			123,871
Construction - custom	228,140			—			—			—			—			228,140
Land - acquisition & development	67,717			3,430			38,311			—			—			109,458
Land - consumer lot loans	135,240			124			1,742			—			—			137,106
Multi-family	697,812			2,243			21,747			—			—			721,802
Commercial real estate	292,210			22,490			32,864			—			—			347,564
Commercial & industrial	167,026			1,673			2,906			—			39			171,644
HELOC	111,986			—			—			—			—			111,986
Consumer	58,363			411			357			—			—			59,131
	7,237,596			44,149			302,508			—			39			7,584,292
Acquired loans
Single-family residential	15,495			—			—			—			—			15,495
Construction - speculative	—			—			90			—			—			90
Construction - custom	994			—			—			—			—			994
Land - acquisition & development	2,247			—			1,273			—			—			3,520
Land - consumer lot loans	3,760			86			45			—			—			3,891
Multi-family	3,310			179			5,844			—			—			9,333
Commercial real estate	135,480			6,569			34,059			—			2,619			178,727
Commercial & industrial	67,857			16,319			20,592			—			2,163			106,931
HELOC	12,342			—			674			—			794			13,810
Consumer	10,748			—			11			—			—			10,759
	252,233			23,153			62,588			—			5,576			343,550
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,611			—			2,820			—			—			4,431
Pool 2 - Single-family residential	340			—			—			—			—			340
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,940			—			—			—			—			12,940
Pool 5 - Commercial real estate	52,982			1,025			28,654			996			—			83,657
Pool 6 - Commercial & industrial	1,031			73			523			256			—			1,883
Total credit impaired acquired loans	68,904			1,098			31,997			1,252			—			103,251
Total gross loans	$	7,558,733		$	68,400		$	397,093		$	1,252		$	5,615		$	8,031,093
Total grade as a % of total gross loans	94.6		%	0.8		%	4.6		%	—		%	—		%

September 30, 2012	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,588,252		$	844		$	189,826		$	—		$	—		$	5,778,922
Construction - speculative	86,126			10,113			33,398			—			—			129,637
Construction - custom	211,690			—			—			—			—			211,690
Land - acquisition & development	73,661			4,637			46,379			—			—			124,677
Land - consumer lot loans	140,006			223			1,615			—			—			141,844
Multi-family	684,649			5,098			20,393			—			—			710,140
Commercial real estate	278,022			16,282			24,906			—			—			319,210
Commercial & industrial	158,421			1,071			3,331			—			—			162,823
HELOC	112,902			—			—			—			—			112,902
Consumer	62,611			354			409			—			—			63,374
	7,396,340			$	38,622		$	320,257		$	—		$	—		$	7,755,219
Credit impaired acquired loans
Pool 1 - Construction and land A&D	2,466			—			3,125			—			—			5,591
Pool 2 - Single-family residential	342			—			—			—			—			342
Pool 3 - Multi-family	—			—			601			—			—			601
Pool 4 - HELOC & other consumer	14,137			—			—			—			—			14,137
Pool 5 - Commercial real estate	53,683			4,308			28,200			963			—			87,154
Pool 6 - Commercial & industrial	1,566			58			733			935			—			3,292
Total credit impaired acquired loans	72,194			4,366			32,659			1,898			—			111,117
Total gross loans	$	7,468,534		$	42,988		$	352,916		$	1,898		$	—		$	7,866,336
Total grade as a % of total gross loans	94.9		%	0.6		%	4.5		%	—		%	—		%

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

December 31, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,465,020	98.1	%	$	108,570	1.9	%
Construction - speculative	114,400		92.4		9,471		7.6
Construction - custom	228,101		100.0		39		—
Land - acquisition & development	95,140		86.9		14,318		13.1
Land - consumer lot loans	133,082		97.1		4,024		2.9
Multi-family	713,895		98.9		7,907		1.1
Commercial real estate	330,606		95.1		16,958		4.9
Commercial & industrial	170,657		99.4		987		0.6
HELOC	111,497		99.6		489		0.4
Consumer	58,778		99.4		353		0.6
	$	7,421,176	97.8		$	163,116	2.2

September 30, 2012	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,647,729	97.7	%	$	131,193	2.3	%
Construction - speculative	119,003		91.8		10,634		8.2
Construction - custom	211,151		99.7		539		0.3
Land - acquisition & development	111,200		89.2		13,477		10.8
Land - consumer lot loans	136,695		96.4		5,149		3.6
Multi-family	705,955		99.4		4,185		0.6
Commercial real estate	311,557		97.6		7,653		2.4
Commercial & industrial	162,807		100.0		16		—
HELOC	112,704		99.8		198		0.2
Consumer	62,991		99.4		383		0.6
	$	7,581,792	97.8	%	$	173,427	2.2	%

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

Credit Risk Profile by Internally Assigned Grade:

December 31, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	31,560		$	—		$	3,085		$	—		$	—		$	34,645
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,065			1,482			6,321			—			—			10,868
Land - consumer lot loans	443			—			—			—			—			443
Multi-family	23,902			—			2,740			—			—			26,642
Commercial real estate	70,032			10,637			29,123			—			—			109,792
Commercial & industrial	6,444			500			5,066			—			—			12,010
HELOC	16,556			—			—			—			—			16,556
Consumer	721			—			—			—			—			721
	152,825			12,619			46,335			—			—			211,779
Total grade as a % of total net loans	72.2		%	6.0		%	21.9		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	—			9,782			5,049			30,539			45,370			54,857
Pool 2 - Single-family residential	—			665			—			1,783			2,448			26,815
Pool 3 - Multi-family	—			—			—			2,973			2,973			5,872
Pool 4 - HELOC & other consumer	—			905			—			2,980			3,885			8,322
Pool 5 - Commercial real estate	—			400			25,636			40,775			66,811			133,471
Pool 6 - Commercial & industrial	—			3,633			994			10,144			14,771			24,766
	$	—		$	15,385		$	31,679		$	89,194		$	136,258		254,103
													Total covered loans			465,882
													Discount			(85,288		)
													Allowance			—
													Covered loans, net			$	380,594

September 30, 2012	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	32,272		$	—		$	3,404		$	—		$	—		$	35,676
Construction - speculative	90			—			—			—			—			90
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,440			1,970			6,020			—			—			11,430
Land - consumer lot loans	498			—			—			—			—			498
Multi-family	24,898			—			2,747			—			—			27,645
Commercial real estate	89,530			298			31,764			—			—			121,592
Commercial & industrial	7,146			510			5,367			—			—			13,023
HELOC	17,971			—			—			—			—			17,971
Consumer	918			—			—			—			—			918
	176,763			2,778			49,302			—			—			228,843
Total grade as a % of total net loans	77.3		%	1.2		%	21.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	9,795			5,301			35,857			—			—			50,953
Pool 2 - Single-family residential	669			—			2,953			—			—			3,622
Pool 3 - Multi-family	—			—			2,996			—			—			2,996
Pool 4 - HELOC & other consumer	1,094			—			3,096			—			—			4,190
Pool 5 - Commercial real estate	404			25,785			41,403			—			—			67,592
Pool 6 - Commercial & industrial	3,787			1,006			10,466			—			—			15,259
	$	15,749		$	32,092		$	96,771		$	—		$	—		144,612
													Total covered loans			373,455
													Discount			(85,079		)
													Allowance			—
													Covered loans, net			$	288,376

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 December 31, 2012 and September 30, 2012:

December 31, 2012	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total
Single-Family Residential	$	34,645	$	31,887	$	50	$	—	$	2,708	$	2,758	7.96	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,868		9,495		—		36		1,337		1,373		12.63
Land - Consumer Lot Loans	443		345		—		—		98		98		22.12
Multi-Family	26,642		24,934		200		—		1,508		1,708		6.41
Commercial Real Estate	109,792		107,753		192		—		1,847		2,039		1.86
Commercial & Industrial	12,010		8,213		369		—		3,428		3,797		31.62
HELOC	16,556		16,247		29		—		280		309		1.87
Consumer	721		719		1		1		—		2		0.28
	$	211,779	$	199,695	$	841	$	37	$	11,206	$	12,084	5.71	%

September 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	$	35,676	$	32,601	$	2,075	$	—	$	1,000	$	3,075	8.62	%
Construction - Speculative	90		90		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	11,430		9,922		—		—		1,508		1,508		13.19
Land - Consumer Lot Loans	498		385		—		—		113		113		22.69
Multi-Family	27,645		26,137		—		—		1,508		1,508		5.45
Commercial Real Estate	121,592		115,206		17		4,447		1,922		6,386		5.25
Commercial & Industrial	13,023		9,513		—		69		3,441		3,510		26.95
HELOC	17,971		17,440		97		50		384		531		2.95
Consumer	918		916		—		1		1		2		2.20
	$	228,843	$	212,210	$	2,189	$	4,567	$	9,877	$	16,633	7.27	%

NM - not meaningful