10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended March 31, 2013

or

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

For the transition period from to

Commission file number 001-34654

WASHINGTON FEDERAL, INC.

(Exact name of registrant as specified in its charter)

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

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

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

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

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

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

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

APPLICABLE ONLY TO CORPORATE ISSUERS

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

Title of class:	at May 3, 2013
Common stock, $1.00 par value	104,190,859

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I
Item 1.	Financial Statements (Unaudited)
	The Condensed Consolidated Financial Statements of Washington Federal, Inc. and Subsidiaries filed as a part of the report are as follows:
	Consolidated Statements of Financial Condition as of March 31, 2013 and September 30, 2012	3
	Consolidated Statements of Operations for the quarters and six months ended March 31, 2013 and 2012	4
	Consolidated Statements of Comprehensive Income for the quarters and six months ended March 31, 2013 and 2012	5
	Consolidated Statements of Cash Flows for the six months ended March 31, 2013 and 2012	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	47
Item 4.	Controls and Procedures	47
PART II
Item 1.	Legal Proceedings	48
Item 1A.	Risk Factors	48
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	48
Item 3.	Defaults Upon Senior Securities	48
Item 5.	Other Information	48
Item 6.	Exhibits	48
	Signatures	49

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	March 31, 2013			September 30, 2012
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	782,059		$	751,430
Available-for-sale securities, at fair value	2,022,668			1,781,705
Held-to-maturity securities, at amortized cost	1,469,983			1,191,487
Loans receivable, net	7,444,216			7,451,998
Covered loans, net	355,515			288,376
Interest receivable	45,448			46,857
Premises and equipment, net	206,797			178,845
Real estate held for sale	97,042			99,478
Covered real estate held for sale	32,274			29,549
FDIC indemnification asset	80,391			87,571
FHLB stock	152,038			149,840
Intangible assets, net	263,816			256,076
Federal and state income tax assets, net	37,229			22,513
Other assets	126,357			137,219
	$	13,115,833		$	12,472,944
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	3,556,616		$	2,946,453
Time deposit accounts	5,595,609			5,630,165
	9,152,225			8,576,618
FHLB advances	1,930,000			1,880,000
Advance payments by borrowers for taxes and insurance	16,192			40,041
Federal and State income tax liabilities, net	—			—
Accrued expenses and other liabilities	83,066			76,533
	11,181,483			10,573,192
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 131,979,030 and 129,950,223 shares issued; 105,011,626 and 106,177,615 shares outstanding	131,979			129,950
Paid-in capital	1,620,327			1,586,295
Accumulated other comprehensive income, net of taxes	11,897			13,306
Treasury stock, at cost; 26,967,404 and 23,772,608 shares	(363,803		)	(310,579		)
Retained earnings	533,950			480,780
	1,934,350			1,899,752
	$	13,115,833		$	12,472,944

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended March 31,						Six Months Ended March 31,
	2013			2012			2013			2012
	(In thousands, except per share data)
INTEREST INCOME
Loans	$	112,879		$	123,772		$	229,722		$	251,251
Mortgage-backed securities	10,642			28,682			22,374			54,978
Investment securities and cash equivalents	2,984			2,127			5,717			4,278
	126,505			154,581			257,813			310,507
INTEREST EXPENSE
Customer accounts	16,695			22,016			35,466			45,965
FHLB advances and other borrowings	16,787			27,963			33,890			56,226
	33,482			49,979			69,356			102,191
Net interest income	93,023			104,602			188,457			208,316
Provision for loan losses	—			18,000			3,600			29,210
Net interest income after provision for loan losses	93,023			86,602			184,857			179,106
OTHER INCOME
Gain on sale of investments	—			—			—			—
Other	6,046			5,028			11,003			9,674
	6,046			5,028			11,003			9,674
OTHER EXPENSE
Compensation and benefits	23,077			20,185			44,149			38,860
Occupancy	4,825			4,094			9,272			8,025
FDIC insurance premiums	3,107			4,350			6,450			8,543
Other	10,155			8,183			19,591			15,749
	41,164			36,812			79,462			71,177
Loss on real estate acquired through foreclosure, net	(4,003		)	(1,582		)	(7,322		)	(12,151		)
Income before income taxes	53,902			53,236			109,076			105,452
Income tax provision	17,924			19,165			37,816			37,963
NET INCOME	$	35,978		$	34,071		$	71,260		$	67,489
PER SHARE DATA
Basic earnings	$	0.34		$	0.32		$	0.67		$	0.63
Diluted earnings	0.34			0.32			0.67			0.63
Cash dividends per share	0.09			0.08			0.17			0.16
Basic weighted average number of shares outstanding	105,206,491			107,198,829			105,606,688			107,523,686
Diluted weighted average number of shares outstanding, including dilutive stock options	105,258,240			107,237,972			105,655,770			107,549,396

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended March 31,						Six Months Ended March 31,
	2013			2012			2013			2012
	(In thousands)
Net income	$	35,978		$	34,071		$	71,260		$	67,489
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sales securities	408			(30,060		)	(2,228		)	(32,579		)
Related tax benefit (expense)	(150		)	11,047			819			11,973
Reclassification adjustment of net gain (loss) from sale
of available-for-sale securities included in net income	—			—			—			—
Related tax benefit (expense)	—			—			—			—
Other comprehensive income (loss)	258			(19,013		)	(1,409		)	(20,606		)
Comprehensive income	$	36,236		$	15,058		$	69,851		$	46,883

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Six Months Ended
	March 31, 2013			March 31, 2012
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	71,260		$	67,489
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	2,488			20,703
Cash received from (paid to) FDIC under loss share	11,668			(4,068		)
Depreciation	4,600			3,750
Stock option compensation expense	600			600
Provision for loan losses	3,600			29,210
Loss (gain) on real estate held for sale, net	3,028			(1,285		)
Decrease (increase) in accrued interest receivable	3,440			(1,536		)
Increase in FDIC loss share receivable	(777		)	(2,052		)
Increase (decrease) in income taxes payable	(13,937		)	6,031
Decrease in other assets	35,712			8,832
Increase (decrease) in accrued expenses and other liabilities	(8,770		)	1,955
Net cash provided by operating activities	112,912			129,629
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	381,932			342,513
FHLB stock redemptions	1,382			1,512
Available-for-sale securities purchased	(356,966		)	(1,241,126		)
Principal payments and maturities of available-for-sale securities	100,906			758,676
Available-for-sale securities sold	43,199			3,500
Held-to-maturity securities purchased	(407,135		)	—
Principal payments and maturities of held-to-maturity securities	132,755			8,394
Net cash received from acquisition	202,308			50,451
Proceeds from sales of real estate held for sale	59,773			90,017
Proceeds from sales of covered REO	7,645			22,959
Premises and equipment purchased and REO improvements	(18,048		)	(11,737		)
Net cash provided by investing activities	147,751			25,159
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(161,712		)	(3,253		)
Net increase (decrease) in borrowings	27,529			(19,700		)
Proceeds from exercise of common stock options	152			28
Dividends paid on common stock	(18,930		)	(17,078		)
Treasury stock purchased	(53,224		)	(30,307		)
Decrease in advance payments by borrowers for taxes and insurance	(23,849		)	(10,133		)
Net cash used by financing activities	(230,034		)	(80,443		)
Increase in cash and cash equivalents	30,629			74,345
Cash and cash equivalents at beginning of period	751,430			816,002
Cash and cash equivalents at end of period	$	782,059		$	890,347

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Six Months Ended
	March 31, 2013			March 31, 2012
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	52,760		$	73,466
Covered real estate acquired through foreclosure	5,954			6,304
Cash paid during the period for
Interest	71,092			103,170
Income taxes	32,465			31,947
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	$	819,904		$	124,726
Fair value of liabilities assumed	(776,009		)	(154,500		)
Net fair value of assets (liabilities)	43,895			(29,774		)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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 March 31, 2013, excluding covered loans, of $259,266,000. 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 recorded book values of $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 paid at closing was $44 million, including $34 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 value adjustment amounts currently recognized in the financial statements at March 31, 2013 were determined provisionally as the purchase accounting fair value analysis was incomplete as of March 31, 2013. The determination of whether a non-covered loan is impaired and accounted for under ASC 310 was still in process as part of the acquisition date loan valuation; therefore, all non-covered loans are categorized as acquired loans without differentiation between non-impaired and credit impaired at March 31, 2013.

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 March 31, 2013.

The table below displays the adjusted fair value 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 AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,679
FHLB stock	5,211
Loans receivable, net	360,719
Covered loans receivable, net	107,946
FDIC indemnification asset	16,596
Property and equipment, net	24,259
Core deposit intangible	1,433
Real estate held for sale	9,794
Covered real estate held for sale	5,224
Goodwill	7,107
Other assets	25,225
Total Assets	819,904
Liabilities:
Customer accounts	737,395
FHLB advances	22,471
Other liabilities	16,143
Total Liabilities	776,009
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 AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

NOTE C – Dividends

On April 19, 2013, the Company paid its 121^st consecutive quarterly cash dividend on common stock. Dividends per share were $.09 and $.08 for the quarters ended March 31, 2013 and 2012, respectively.

10

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	March 31, 2013				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,374,977	68.6	%	$	5,778,922	73.5	%
Construction - speculative	120,617		1.5		129,637		1.6
Construction - custom	217,036		2.8		211,690		2.7
Land - acquisition & development	93,496		1.2		124,677		1.6
Land - consumer lot loans	130,056		1.7		141,844		1.8
Multi-family	725,322		9.3		710,140		9.0
Commercial real estate	385,587		4.9		319,210		4.1
Commercial & industrial	190,598		2.4		162,823		2.1
HELOC	111,622		1.4		112,902		1.4
Consumer	53,956		0.7		63,374		0.8
Total non-acquired loans	7,403,267		94.5		7,755,219		98.6
Acquired loans
Single-family residential	15,428		0.2		—		—
Construction - speculative	177		—		—		—
Construction - custom	313		—		—		—
Land - acquisition & development	3,436		—		—		—
Land - consumer lot loans	3,819		0.1		—		—
Multi-family	7,714		0.2		—		—
Commercial real estate	177,101		2.1		—		—
Commercial & industrial	96,255		1.3		—		—
HELOC	13,094		0.2		—		—
Consumer	10,046		0.1		—		—
Total acquired loans	327,383		4.2		—		—
Credit-impaired acquired loans
Single-family residential	338		—		342		—
Construction - speculative	1,750		—		1,889		0.1
Land - acquisition & development	2,577		—		3,702		—
Multi-family	—		—		601		—
Commercial real estate	79,868		1.1		87,154		1.1
Commercial & industrial	2,091		—		3,292		—
HELOC	12,757		0.2		14,040		0.2
Consumer	81		—		97		—
Total credit-impaired acquired loans	99,462		1.3		111,117		1.4
Total loans
Single-family residential	5,390,743		68.8		5,779,264		73.5
Construction - speculative	122,544		1.5		131,526		1.7
Construction - custom	217,349		2.8		211,690		2.7
Land - acquisition & development	99,509		1.2		128,379		1.6
Land - consumer lot loans	133,875		1.8		141,844		1.8
Multi-family	733,036		9.5		710,741		9
Commercial real estate	642,556		8.1		406,364		5.2
Commercial & industrial	288,944		3.7		166,115		2.1

11

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

HELOC	137,473		1.8		126,942		1.6
Consumer	64,083		0.8		63,471		0.8
Total loans	7,830,112		100	%	7,866,336		100	%
Less:
Allowance for probable losses	122,884				133,147
Loans in process	189,336				213,286
Discount on acquired loans	40,346				33,484
Deferred net origination fees	33,330				34,421
	385,896				414,338
	$	7,444,216			$	7,451,998

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the six months ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	16,928		$	77,613		$	—		$	—
Reclassification from nonaccretable balance, net	30,026
Additions (1)	—			—			10,804			360,719
Accretion	(4,278		)	4,278			(658		)	658
Transfers to REO	—			(3,120		)	—			(2,681		)
Payments received, net	—			(11,233		)	—			(39,752		)
Balance as of end of period	$	42,676		$	67,538		$	10,146		$	318,944
(1) includes acquired loans which were acquired as part of the South Valley acquisition.

September 30, 2012	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield		Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	—		$	—		$	—	$	—
Additions (1)	21,384			93,691			—		—
Accretion	(4,456		)	4,456			—		—
Transfers to REO	—			(2,616		)	—		—
Payments received, net	—			(17,918		)	—		—
Balance as of end of period	$	16,928		$	77,613		$	—	$	—
(1) includes acquired impaired loans which were acquired as part of the WNB acquisition.

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

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

	March 31, 2013				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	111,572	74.8	%	$	131,193	75.7	%
Construction - speculative	7,943		5.3		10,634		6.1
Construction - custom	105		0.1		539		0.3
Land - acquisition & development	12,177		8.2		13,477		7.8
Land - consumer lot loans	3,385		2.3		5,149		3.0
Multi-family	2,802		1.9		4,185		2.4
Commercial real estate	10,395		7.0		7,653		4.4
Commercial & industrial	210		0.1		16		—
HELOC	247		0.2		198		0.1
Consumer	197		0.1		383		0.2
Total non-accrual loans	$	149,033	100	%	$	173,427	100	%

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

The following tables provide an analysis of the age of loans in past due status as of March 31, 2013 and September 30, 2012, respectively.

March 31, 2013	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	$	5,371,033	$	5,215,549	$	36,476	$	25,148		$	93,860	$	155,484	2.89	%
Construction - Speculative	81,265		72,899		1,373		1,911			5,082		8,366		10.29
Construction - Custom	120,793		120,575		32		147			39		218		0.18
Land - Acquisition & Development	88,357		75,892		557		231			11,677		12,465		14.11
Land - Consumer Lot Loans	129,887		125,094		724		45			4,024		4,793		3.69
Multi-Family	697,943		686,954		3,102		130			7,757		10,989		1.57
Commercial Real Estate	360,607		341,041		5,154		2,858			11,554		19,566		5.43
Commercial & Industrial	198,488		192,479		4,386		636			987		6,009		3.03
HELOC	111,622		111,322		128		(227		)	399		300		0.27
Consumer	53,955		51,908		1,289		423			335		2,047		3.79
Total non-acquired loans	7,213,950		6,993,713		53,221		31,302			135,714		220,237		3.05	%
Acquired loans
Single-Family Residential	15,428		15,312		$	116	—			—		116		0.75	%
Construction - Speculative	177		177		—		—			—		—		—
Construction - Custom	313		313		—		—			—		—		—
Land - Acquisition & Development	3,436		3,436		—		—			—		—		—
Land - Consumer Lot Loans	3,819		3,767		52		—			—		52		1.36
Multi-Family	7,714		7,714		—		—			—		—		—
Commercial Real Estate	177,101		176,444		657		—			—		657		0.37
Commercial & Industrial	96,255		95,258		997		—			—		997		1.04
HELOC	13,094		13,094		—		—			—		—		—
Consumer	10,046		9,946		77		5			18		100		1.00
Total acquired loans	327,383		325,461		1,899		5			18		1,922		0.59	%
Credit-impaired acquired loans
Single-Family Residential	338		338		—		—			—		—		—	%
Construction - Speculative	1,749		1,749		—		—			—		—		—
Construction - Custom	—		—		—		—			—		—		—
Land - Acquisition & Development	2,577		2,577		—		—			—		—		—
Land - Consumer Lot Loans	—		—		—		—			—		—		—
Multi-Family	—		—		—		—			—		—		—
Commercial Real Estate	79,850		75,772		1,660		292			2,126		4,078		5.11
Commercial & Industrial	2,091		2,070		21		—			—		21		1.00

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

HELOC	12,757		12,440		—		227		90		317		2.48
Consumer	81		81		—		—		—		—		—
Total credit-impaired acquired loans	99,443		95,027		1,681		519		2,216		4,416		4.44	%
Total loans	$	7,640,776	$	7,414,201	$	56,801	$	31,826	$	137,948	$	226,575	2.97	%

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 March 31, 2013, single-family residential loans comprised 86.4% of TDRs.

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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 March 31,
	2013					2012
		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	130	$	36,059	$	36,059	312	$	68,460	$	68,460
Construction - Speculative	—	—		—		12	4,049		4,049
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		4	1,823		1,823
Land - Consumer Lot Loans	9	1,350		1,350		14	2,116		2,116
Multi-Family	—	—		—		2	1,871		1,871
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	140	$	37,609	$	37,609	344	$	78,319	$	78,319

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

	Six Months Ended March 31,
	2013					2012
		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	230	$	63,146	$	63,146	491	$	121,145	$	121,145
Construction - Speculative	1	2,492		2,492		23	7,428		7,428
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		26	6,173		6,173
Land - Consumer Lot Loans	18	2,761		2,761		25	3,824		3,824
Multi-Family	1	55		55		2	1,871		1,871
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	4		4
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	251	$	68,654	$	68,654	569	$	140,753	$	140,753

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

	Quarter Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	37	$	8,579	108	$	20,419
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		5	865
Multi-Family	1	55		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	41	$	8,886	113	$	21,284

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

	Six Months Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	55	$	13,704	125	$	24,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		7	1,312
Multi-Family	1	55		—	—
Commercial Real Estate	1	302		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	60	$	14,313	132	$	26,095

NOTE E – Allowance for Losses on Loans

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

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

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

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

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

• Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection.

The following table summarizes the activity in the allowance for loan losses for the quarter ended March 31, 2013 and fiscal year ended September 30, 2012:

Quarter Ended March 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	77,508	$	(5,140	)	$	2,368	$	2,686		$	77,422
Construction - speculative	8,660		(68		)	146		(981		)	7,757
Construction - custom	275		—			—		(13		)	262
Land - acquisition & development	15,056		(308		)	737		(3,264		)	12,221
Land - consumer lot loans	4,963		(574		)	—		(448		)	3,941
Multi-family	5,107		(653		)	9		(191		)	4,272
Commercial real estate	2,651		(147		)	10		1,642			4,156
Commercial & industrial	8,062		(55		)	40		581			8,628
HELOC	1,044		(15		)	—		2			1,031
Consumer	3,501		(814		)	521		(14		)	3,194
	$	126,827	$	(7,774	)	$	3,831	$	—		$	122,884

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 $0 provision for loan losses during the quarter ended March 31, 2013, while an $18,000,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $246,075,000, or 1.88%, of total assets at March 31, 2013, compared to $286,248,000, or 2.11%, 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 March 31, 2013 as the associated discount is adequate to absorb potential losses. Non-accrual loans decreased from $166,153,000 at March 31, 2012, to $149,033,000 at March 31, 2013, a 10.3% decrease. The Company had net charge-offs of $3,943,000 for the quarter ended March 31, 2013, compared with $28,721,000 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. $114,039,000 of the allowance was calculated under our general allowance methodology and the remaining $8,845,000 was made up of specific reserves on loans that were deemed to be impaired at March 31, 2013. For the period ending March 31, 2012, $114,039,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

remaining $29,781,000 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 March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	77,422	$	5,264,505	1.5	%	$	—	$	110,471	—	%
Construction - speculative	5,749		99,513		5.8		2,008		21,104		9.5
Construction - custom	262		217,036		0.1		—		—		—
Land - acquisition & development	7,331		66,863		11.0		4,890		26,633		18.4
Land - consumer lot loans	3,630		115,399		3.1		311		14,657		2.1
Multi-family	2,892		714,430		0.4		1,380		10,892		12.7
Commercial real estate	3,900		370,717		1.1		256		14,870		1.7
Commercial & industrial	8,628		190,472		4.5		—		126		—
HELOC	1,031		110,570		0.9		—		1,052		—
Consumer	3,194		53,955		5.9		—		—		—
	$	114,039	$	7,203,460	1.6		$	8,845	$	199,805	4.4

 ___________________

(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 March 31, 2013 and September 30, 2012:

21

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

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

March 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,210,626		$	1,742		$	162,609		$	—		$	—		$	5,374,977
Construction - speculative	94,497			362			25,758			—			—			120,617
Construction - custom	217,036			—			—			—			—			217,036
Land - acquisition & development	64,282			840			28,374			—			—			93,496
Land - consumer lot loans	129,175			123			758			—			—			130,056
Multi-family	707,869			1,886			15,567			—			—			725,322
Commercial real estate	341,175			13,016			31,396			—			—			385,587
Commercial & industrial	186,296			1,391			2,702			—			209			190,598
HELOC	111,622			—			—			—			—			111,622
Consumer	53,359			411			186			—			—			53,956
	7,115,937			19,771			267,350			—			209			7,403,267
Acquired loans
Single-family residential	15,428			—			—			—			—			15,428
Construction - speculative	—			—			177			—			—			177
Construction - custom	313			—			—			—			—			313
Land - acquisition & development	2,198			—			1,238			—			—			3,436
Land - consumer lot loans	3,800			—			19			—			—			3,819
Multi-family	3,349			—			4,365			—			—			7,714
Commercial real estate	137,416			4,832			34,853			—			—			177,101
Commercial & industrial	80,507			1,379			14,115			254			—			96,255
HELOC	13,094			—			—			—			—			13,094
Consumer	10,046			—			—			—			—			10,046
	266,151			6,211			54,767			254			—			327,383
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,513			484			2,330			—			—			4,327
Pool 2 - Single-family residential	338			—			—			—			—			338
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,838			—			—			—			—			12,838
Pool 5 - Commercial real estate	52,254			1,014			25,651			949			—			79,868
Pool 6 - Commercial & industrial	1,018			195			499			379			—			2,091
Total credit impaired acquired loans	67,961			1,693			28,480			1,328			—			99,462
Total gross loans	$	7,450,049		$	27,675		$	350,597		$	1,582		$	209		$	7,830,112
Total grade as a % of total gross loans	95.1		%	0.4		%	4.5		%	—		%	—		%

22

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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):

March 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,266,407	98.0	%	$	108,570	2.0	%
Construction - speculative	111,146		92.1		9,471		7.9
Construction - custom	216,997		100.0		39		—
Land - acquisition & development	79,178		84.7		14,318		15.3
Land - consumer lot loans	126,032		96.9		4,024		3.1
Multi-family	717,415		98.9		7,907		1.1
Commercial real estate	368,629		95.6		16,958		4.4
Commercial & industrial	189,611		99.5		987		0.5
HELOC	111,133		99.6		489		0.4
Consumer	53,603		99.3		353		0.7
	$	7,240,151	97.8		$	163,116	2.2

23

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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 loan balances and the related allowances by loan types as of March 31, 2013 and September 30, 2012:

24

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

								Average Recorded Investment
March 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	(In thousands)
With no related allowance recorded:
Single-family residential	$	41,125	$	48,331	$	—		$	34,045	$	32,492
Construction - speculative	4,377		5,217		—			4,135		4,066
Construction - custom	120		120		—			60		40
Land - acquisition & development	10,026		21,395		—			9,855		10,099
Land - consumer lot loans	3,000		3,246		—			2,498		2,325
Multi-family	5,498		5,498		—			3,218		2,460
Commercial real estate	15,616		16,956		—			12,968		11,244
Commercial & industrial	1,629		6,938		—			1,153		1,077
HELOC	157		172		—			165		167
Consumer	18		31		—			9		9
	81,566		107,904		—			68,106		63,979
With an allowance recorded:
Single-family residential	357,645		365,192		18,392			349,958		347,976
Construction - speculative	16,903		17,748		2,008			17,325		17,683
Construction - custom	—		—		—			—		—
Land - acquisition & development	17,763		20,424		4,890			19,028		20,195
Land - consumer lot loans	13,306		13,452		311			13,217		13,199
Multi-family	11,053		11,769		1,380			12,079		12,478
Commercial real estate	7,455		7,455		256			7,475		7,494
Commercial & industrial	—		—		—			—		—
HELOC	940		940		—			841		805
Consumer	—		—		—			—		—
	425,065		436,980		27,237		(1)	419,923		419,830
Total:
Single-family residential	398,770		413,523		18,392			384,003		380,468
Construction - speculative	21,280		22,965		2,008			21,460		21,749
Construction - custom	120		120		—			60		40
Land - acquisition & development	27,789		41,819		4,890			28,883		30,294
Land - consumer lot loans	16,306		16,698		311			15,715		15,524
Multi-family	16,551		17,267		1,380			15,297		14,938
Commercial real estate	23,071		24,411		256			20,443		18,738
Commercial & industrial	1,629		$	6,938	—			1,153		1,077
HELOC	1,097		1,112		—			1,006		972
Consumer	18		31		—			9		9
	$	506,631	$	544,884	$	27,237	(1)	$	488,029	$	483,809

____________________ 

(1)Includes $8,845,000 of specific reserves and $18,392,000 included in the general reserves.

25

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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.

26

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

NOTE F – New Accounting Pronouncements

In January 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The main objective of this Update is to address implementation issues about the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The guidance in this ASU is effective for the first interim or annual period beginning on or after January 1, 2013 and should be applied retrospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The objective of this Update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements; rather, they require the entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance in this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012, and should be applied prospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

NOTE G – Fair Value Measurements

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

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

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

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

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

Measured on a Recurring Basis

Securities

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

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2013:

27

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

	Fair Value at March 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	531	$	—	$	531
Obligations of U.S. government	—		489,523		—		489,523
Obligations of states and political subdivisions	—		24,803		—		24,803
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		404,112		—		404,112
Mortgage-backed securities					—
Agency pass-through certificates	—		1,103,699		—		1,103,699
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,022,668	$	—	$	2,022,668

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended March 31, 2013.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at March 31, 2013 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 six months ended March 31, 2013, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2013. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2013								Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	45,966	$	45,966	$	1,225	$	11,038
Covered REO (2)	—		—		13,988		13,988		281		372
Real estate held for sale (2)	—		—		54,069		54,069		6,488		14,024
Balance at end of period	$	—	$	—	$	114,023	$	114,023	$	7,994	$	25,434

 ___________________

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

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

There were no liabilities carried at fair value, measured on a recurring or nonrecurring basis, at March 31, 2013.

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

Impaired loans - The Company adjusts the carrying amount of impaired loans when there is evidence of probable loss and the expected fair value of the loan is less than its contractual amount. The amount of the impairment may be determined based on

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

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

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

29

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

		March 31, 2013				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	$	782,059	$	782,059	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		531		531		—		—
Obligations of U.S. government		489,523		489,523		183,560		183,560
Obligations of states and political subdivisions		24,803		24,803		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		404,112		404,112		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,103,699		1,103,699		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,022,668		2,022,668		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		1,469,983		1,469,229		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,469,983		1,469,229		1,191,487		1,217,223
Loans receivable	3	7,444,216		8,059,053		7,451,998		7,949,892
Covered loans	3	355,515		365,138		288,376		289,754
FDIC indemnification asset	3	80,391		78,108		87,571		85,846
FHLB stock	2	152,038		152,038		149,840		149,840
Financial liabilities
Customer accounts	2	9,152,225		8,861,670		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,930,000		2,145,399		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.

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

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

FHLB stock – The fair value is based upon the par value of the stock which equates to its carrying value.

Customer accounts – The fair value of demand deposits, savings accounts, and money market accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the estimated future cash flows using the rates currently offered for deposits with similar remaining maturities.

FHLB advances and other borrowings – The fair value of FHLB advances and other borrowings is estimated by discounting the estimated future cash flows using rates currently available to the Company for debt with similar remaining maturities.

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

	March 31, 2013
	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	$	16,952	$	31	$	(29	)	$	16,954	0.45	%
1 to 5 years	58,000		2,576		—			60,576		1.55
5 to 10 years	83,300		1,664		—			84,964		1.36
Over 10 years	327,404		156		—			327,560		0.90
Corporate bonds due
Within 1 year	19,500		11		—			19,511		0.49
1 to 5 years	317,044		4,078		—			321,122		0.84
5 to 10 years	62,962		998		(481		)	63,479		2.02
Municipal bonds due
Over 10 years	20,430		4,373		—			24,803		6.45
Mortgage-backed securities
Agency pass-through certificates	1,098,266		6,421		(988		)	1,103,699		1.99
	2,003,858		20,308		(1,498		)	2,022,668		1.61
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	1,469,983		3,302		(4,056		)	1,469,229		3.04
	1,469,983		3,302		(4,056		)	1,469,229		3.04
	$	3,473,841	$	23,610	$	(5,554	)	$	3,491,897	2.22	%

31

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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 March 31, 2013, $43,199,000 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 March 31, 2012, 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 March 31, 2013, 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 AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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	$	—		$	—	$	(481	)	$	9,519	$	(481	)	$	9,519
U.S. government and agency securities due	(29		)	16,423		—			—		(29		)	16,423
Agency pass-through certificates	(4,239		)	943,909		(805		)	175,871		(5,044		)	1,119,780
	(4,268		)	$	960,332	$	(1,286	)	$	185,390	(5,554		)	$	1,145,722

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 $387,789,000 as of March 31, 2013, 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 year to date period ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	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)	43,299			107,946			—			—
Accretion	(18,463		)	18,463			(3,543		)	3,543
Transfers to REO	—			(7,403		)	—			—
Payments received, net	—			(21,828		)	—			(33,582		)
Balance at end of period	$	75,738		$	172,131		$	20,246		$	183,384
(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

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

At March 31, 2013, none of the acquired impaired or non-impaired loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired loans was $435,533,000 and $373,455,000 as of March 31, 2013 and September 30, 2012, respectively. The discount balance related to the acquired loans was $80,018,000 and $85,079,000 as of March 31, 2013 and September 30, 2012, respectively.

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

	March 31, 2013			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,373			3,284
Payments made (received)	(11,668		)	(3,456		)
Amortization	(13,451		)	(15,510		)
Accretion	566			1,619
Balance at end of period	$	80,391		$	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 March 31, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

March 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	30,319		$	—		$	2,827		$	—		$	—		$	33,146
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,056			1,289			5,837			—			—			10,182
Land - consumer lot loans	440			—			—			—			—			440
Multi-family	23,286			—			1,224			—			—			24,510
Commercial real estate	59,863			9,725			30,140			—			—			99,728
Commercial & industrial	6,527			500			3,996			—			—			11,023
HELOC	15,315			—			—			—			—			15,315
Consumer	680			—			—			—			—			680
	139,588			11,514			44,024			—			—			195,126
Total grade as a % of total net loans	71.5		%	5.9		%	22.6		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	11,674			4,298			36,623			—			—			52,595
Pool 2 - Single-family residential	24,290			—			1,045			—			—			25,335
Pool 3 - Multi-family	1,251			—			4,549			—			—			5,800
Pool 4 - HELOC & other consumer	4,096			—			3,531			—			—			7,627
Pool 5 - Commercial real estate	34,518			16,691			76,158			—			—			127,367
Pool 6 - Commercial & industrial	8,173			499			12,731			280			—			21,683
	$	84,002		$	21,488		$	134,637		$	280		$	—		240,407
													Total covered loans			435,533
													Discount			(80,018		)
													Allowance			—
													Covered loans, net			$	355,515

35

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTERS AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(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 AND SIX MONTHS ENDED MARCH 31, 2013 AND 2012

(UNAUDITED)

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status for the periods ended March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	33,146	$	32,414	$	148	$	—	$	584	$	732	2.21	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,182		10,145		—		—		37		37		0.36
Land - Consumer Lot Loans	440		342		—		—		98		98		22.27
Multi-Family	24,510		24,310		—		—		200		200		0.82
Commercial Real Estate	99,728		95,069		2,651		—		2,008		4,659		4.67
Commercial & Industrial	11,023		7,608		—		—		3,415		3,415		30.98
HELOC	15,315		15,080		59		—		176		235		1.53
Consumer	680		680		—		—		—		—		—
	$	195,126	$	185,750	$	2,858	$	—	$	6,518	$	9,376	4.81	%

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 on October 31, 2012, 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 paid at closing was $44 million, including $34 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 March 31, 2013.

INTEREST RATE RISK

Historically, the Company accepted a higher level of interest rate risk 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 shorter-term business loans, transaction deposit accounts and extending the maturity on borrowings, to reduce its interest rate risk profile compared to its historical norms.

The Company relies on various measures of interest rate risk, including an asset/liability maturity gap analysis, modeling of changes in forecasted net interest income under various rate change scenarios, and the impact of interest rate changes on the net portfolio value (“NPV”) the Company.

At March 31, 2013, the Company had approximately $1.077 billion more in liabilities subject to repricing in the next year than assets, which amounted to a negative one-year maturity gap of 8.21% of total assets. This was a decrease from the 10.1% negative gap as of September 30, 2012.

A negative maturity gap implies that funding costs will change more rapidly than interest income on earning assets with movement in interest rates. A negative maturity gap typically results in higher margins when interest rates decline and lower

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

margins when interest rates rise. Gap analysis provides management with a high-level indication of interest rate risk, but is considered less reliable than more detailed modeling.

The potential impact of rising interest rates on net interest income in the future is estimated using a model that is based on account level detail for loans and deposits. In the event of an immediate and parallel increase of 200 basis points in both short and long-term interest rates, the model estimates that net interest income will increase by 2.01% in year one. In the event of a gradual increase from current rates by 200 basis points over a twelve-month period, the model forecasts an increase in net interest income of 1.60% in year one. This analysis assumes zero balance sheet growth and a 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 NPV estimates the market of value of shareholder's equity based upon forecasted interest rate scenarios. It is derived by calculating 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 $186 million and the NPV to total assets ratio to decline to 16.83%. 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 15.00%.

The interest rate spread decreased to 2.72% at March 31, 2013 from 2.80% at September 30, 2012. The spread decreased due to a decline in the average rate on loans and investment securities. As of March 31, 2013, the weighted average rate on customer deposit accounts and borrowings decreased by 16 basis points compared to September 30, 2012, while the weighted average rates on earning assets decreased by 24 basis points over the same period.

As of March 31, 2013, the Company had increased total assets by $642,889,000 from $12,472,944,000 at September 30, 2012. For the quarter ended March 31, 2013, compared to September 30, 2012, loans (both non-covered and covered) increased $59,357,000, or .77%. To help offset the reduced income from loans, investment securities increased $519,459,000, or 17.5%. Cash and cash equivalents of $782,059,000 and stockholders’ equity of $1,934,350,000 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s net worth at March 31, 2013 was $1,934,350,000, or 14.75% of total assets. This was an increase of $34,598,000 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 six months ended March 31, 2013 by net income of $71,260,000, the payment of $18,930,000 in cash dividends, treasury stock purchases that totaled $53,224,000, as well as a decrease in other comprehensive income of $1,409,000.

Management believes this strong net worth position will help the Company manage its inherent risks and resultant profitability 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.

39

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

	Actual				Capital Adequacy Guidelines				Categorized as Well Capitalized Under Prompt Corrective Action Provisions
	Capital		Ratio		Capital		Ratio		Capital		Ratio
	(In thousands)
March 31, 2013
Total capital to risk-weighted assets	$	1,693,170	26.69	%	$	507,479	8.00	%	$	634,349	10.00	%
Tier I capital to risk-weighted assets	1,613,324		25.43	%	NA		NA		380,609		6.00	%
Core capital to adjusted tangible assets	1,613,324		12.55	%	NA		NA		642,727		5.00	%
Core capital to total assets	1,613,324		12.55	%	385,636		3.00	%	NA		NA
Tangible capital to tangible assets	1,613,324		12.55	%	192,818		1.50	%	NA		NA
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

CHANGES IN FINANCIAL CONDITION

Available-for-sale and held-to-maturity securities: Available-for-sale securities increased $240,963,000, or 13.5%, during the six months ended March 31, 2013, which included the purchase of $356,966,000 of available-for-sale securities. There were $43,199,000 of available-for-sale securities sold during the six months ended March 31, 2013, resulting in no gain or loss. During the same period, there were 407,135,000 of held-to-maturity securities purchased and no sales of held-to-maturity securities. As of March 31, 2013, the Company had net unrealized gains on available-for-sale securities of $11,897,000, 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 six months ended March 31, 2013, the balance of loans receivable decreased slightly to $7,444,216,000 compared to $7,451,998,000 at September 30, 2012. This net decrease is a result of the acquisition of $361 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 six month period, $52,760,000 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 *	March 31, 2013				December 31, 2012				September 30, 2012
Non-Acquired loans	(In thousands)
Single-family residential	$	5,374,977	68.6	%	$	5,573,590	69.4	%	$	5,778,922	73.5	%
Construction - speculative	120,617		1.5		123,871		1.5		129,637		1.6
Construction - custom	217,036		2.8		228,140		2.9		211,690		2.7
Land - acquisition & development	93,496		1.2		109,458		1.4		124,677		1.6
Land - consumer lot loans	130,056		1.7		137,106		1.7		141,844		1.8
Multi-family	725,322		9.3		721,802		9.0		710,140		9.0
Commercial real estate	385,587		4.9		347,564		4.3		319,210		4.1
Commercial & industrial	190,598		2.4		171,644		2.1		162,823		2.1
HELOC	111,622		1.4		111,986		1.4		112,902		1.4
Consumer	53,956		0.7		59,131		0.7		63,374		0.8

40

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Total non-acquired loans	7,403,267		94.5		7,584,292		94.4		7,755,219		98.6
Acquired loans
Single-family residential	15,428		0.2		15,495		0.2		—		—
Construction - speculative	177		—		90		—		—		—
Construction - custom	313		—		994		—		—		—
Land - acquisition & development	3,436		—		3,520		—		—		—
Land - consumer lot loans	3,819		0.1		3,891		0.1		—		—
Multi-family	7,714		0.2		9,333		0.2		—		—
Commercial real estate	177,101		2.1		178,727		2.2		—		—
Commercial & industrial	96,255		1.3		106,931		1.3		—		—
HELOC	13,094		0.2		13,810		0.2		—		—
Consumer	10,046		0.1		10,759		0.1		—		—
Total acquired loans	327,383		4.2		343,550		4.3		—		—
Credit-impaired acquired loans
Single-family residential	338		—		340		—		342		—
Construction - speculative	1,750		—		1,755		—		1,889		0.1
Land - acquisition & development	2,577		—		2,677		—		3,702		—
Multi-family	—		—		—		—		601		—
Commercial real estate	79,868		1.1		83,657		1.1		87,154		1.1
Commercial & industrial	2,091		—		1,883		—		3,292		—
HELOC	12,757		0.2		12,849		0.2		14,040		0.2
Consumer	81		—		90		—		97		—
Total credit-impaired acquired loans	99,462		1.3		103,251		1.3		111,117		1.4
Total loans
Single-family residential	5,390,743		68.8		5,589,425		69.6		5,779,264		73.5
Construction - speculative	122,544		1.5		125,716		1.5		131,526		1.7
Construction - custom	217,349		2.8		229,134		2.9		211,690		2.7
Land - acquisition & development	99,509		1.2		115,655		1.4		128,379		1.6
Land - consumer lot loans	133,875		1.8		140,997		1.8		141,844		1.8
Multi-family	733,036		9.5		731,135		9.2		710,741		9.0
Commercial real estate	642,556		8.1		609,948		7.6		406,364		5.2
Commercial & industrial	288,944		3.7		280,458		3.4		166,115		2.1
HELOC	137,473		1.8		138,645		1.8		126,942		1.6
Consumer	64,083		0.8		69,980		0.8		63,471		0.8
Total loans	7,830,112		100	%	8,031,093		100	%	7,866,336		100	%
Less:
Allowance for probable losses	122,884				126,827				133,147
Loans in process	189,336				204,566				213,286
Discount on acquired loans	40,346				50,817				33,484
Deferred net origination fees	33,330				33,973				34,421
	385,896				416,183				414,338
	$	7,444,216			$	7,614,910			$	7,451,998

 ____________________

* Excludes covered loans

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Covered loans: As of March 31, 2013, covered loans increased 23.3%, or $67,139,000, to $355,515,000, 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 March 31, 2013 to $246,075,000 from $272,905,000 at September 30, 2012, a 9.8% decrease. The continued elevated level of NPAs is a result of the significant decline in housing values in the western United States and the national recession which began in 2007. Non-performing assets as a percentage of total assets was 1.88% at March 31, 2013 compared to 2.19% at September 30, 2012. This level of NPAs remains significantly higher than the 0.95% 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.

42

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

	March 31, 2013					September 30, 2012
	(In thousands)
Restructured loans:
Single-family residential	$	360,721		86.4	%	$	361,640		83.4	%
Construction - speculative	12,033			2.9		15,907			3.7
Construction - custom	1,196			0.3		1,196			0.3
Land - acquisition & development	10,731			2.6		14,985			3.5
Land - consumer lot loans	13,522			3.2		13,782			3.2
Multi - family	10,250			2.5		17,507			4.0
Commercial real estate	7,295			1.8		7,377			1.7
Commercial & industrial	—			—		—			—
HELOC	1,090			0.3		884			0.2
Consumer	—			—		—			—
Total restructured loans (1)	416,838			100	%	433,278			100	%
Non-accrual loans:
Single-family residential	111,572			74.9	%	131,193			75.7	%
Construction - speculative	7,943			5.3		10,634			6.1
Construction - custom	105			0.1		539			0.3
Land - acquisition & development	12,177			8.2		13,477			7.8
Land - consumer lot loans	3,385			2.3		5,149			3.0
Multi-family	2,802			1.9		4,185			2.4
Commercial real estate	10,395			7.0		7,653			4.4
Commercial & industrial	210			0.1		16			—
HELOC	247			0.2		198			0.1
Consumer	197			0.1		383			0.2
Total non-accrual loans (2)	149,033			100.1	%	173,427			100	%
Total REO (3)	83,141					80,800
Total REHI (3)	13,901					18,678
Total non-performing assets	$	246,075				$	272,905
Total non-performing assets and performing restructured loans as a percentage of total assets	4.89		%			5.42		%
(1)    Restructured loans were as follows:
Performing	$	395,077		94.8	%	$	403,238		93.1	%
Non-accrual *	21,761			5.2		30,040			6.9
	$	416,838		100	%	$	433,278		100	%

* Included in "Total non-accrual loans" above

(2) The Company recognized interest income on nonaccrual loans of approximately $1,576,000 in the six months ended March 31, 2013. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $4,236,000 for the six months ended March 31, 2013.

In addition to the nonaccrual loans reflected in the above table, at March 31, 2013, the Company had $118,329,000 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 5.79% at March 31, 2013.

43

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

(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.

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 86.4% of restructured loans as of March 31, 2013. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period.

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

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

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

	March 31, 2013						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	$	77,422	72.6	%	1.4	%	$	81,815	74.5	%	1.4	%
Construction - speculative	7,757		1.6		6.4		12,060		1.7		9.3
Construction - custom	262		2.9		0.1		347		2.7		0.2
Land - acquisition & development	12,221		1.3		13.1		15,598		1.6		12.5
Land - consumer lot loans	3,941		1.8		3.0		4,937		1.8		3.5
Multi-family	4,272		9.8		0.6		5,280		9.2		0.7
Commercial real estate	4,156		5.2		1.1		1,956		4.1		0.6
Commercial & industrial	8,628		2.6		4.5		7,626		2.1		4.7
HELOC	1,031		1.5		0.9		965		1.5		0.9
Consumer	3,194		0.7		5.9		2,563		0.8		4.0
	$	122,884	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 $575,607,000, or 6.71%, to $9,152,225,000 at March 31, 2013 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:

44

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

	March 31, 2013						September 30, 2012
	(In thousands)
					Wtd. Avg. Rate						Wtd. Avg. Rate
Non-interest checking	$	424,844	4.6	%	—	%	$	272,242	3.2	%	—	%
Interest checking	827,364		9.0		0.12	%	622,397		7.3		0.14	%
Savings (passbook/stmt)	383,421		4.2		0.19	%	314,634		3.7		0.20	%
Money Market	1,889,084		20.6		0.22	%	1,737,180		20.2		0.26	%
CD’s	5,627,512		61.6		1.09	%	5,630,165		65.6		1.27	%
Total	$	9,152,225	100	%	0.73	%	$	8,576,618	100	%	0.90	%

FHLB advances and other borrowings: Total borrowings was increased $50,000,000 to $1,930,000,000 as of March 31, 2013 compared to $1,880,000,000 as of 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.

45

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

RESULTS OF OPERATIONS

Net Income: The quarter ended March 31, 2013, produced net income of $35,978,000 compared to $34,071,000 for the same quarter one year ago. For the six months ended March 31, 2013, net income totaled $71,260,000 compared to $67,489,000 for the same period one year ago. Net income for the quarter and six months ended March 31, 2013 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 $0 and $3,600,000 for the quarter and six months ended March 31, 2013, respectively, as compared to $18,000,000 and $29,210,000 for the quarter and six month period one year ago. See related discussion in “Provision for Loan Losses” section below for reasons for the decrease in the provision for loan losses. In addition, gains/losses recognized on real estate acquired through foreclosure was a net loss of $4,003,000 and $7,322,000 for the quarter and six months ended March 31, 2013, respectively, as compared to net losses of $1,582,000 and $12,151,000 for the quarter and six month periods one year ago, respectively.

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

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

Rate / Volume Analysis:

	Comparison of Quarters Ended 3/31/13 and 3/31/12									Comparison of Six months Ended 3/31/13 and 3/31/12
	Volume			Rate			Total			Volume			Rate			Total
	(In thousands)									(In thousands)
Interest income:
Loans and covered loans	$	(3,502	)	$	(7,391	)	$	(10,893	)	$	(7,768	)	$	(13,761	)	$	(21,529	)
Mortgaged-backed securities	(6,909		)	(11,131		)	(18,040		)	(11,924		)	(20,680		)	(32,604		)
Investments (1)	1,003			(146		)	857			1,439			—			1,439
All interest-earning assets	(9,408		)	(18,668		)	(28,076		)	(18,253		)	(34,441		)	(52,694		)
Interest expense:
Customer accounts	652			(5,973		)	(5,321		)	1,184			(11,683		)	(10,499		)
FHLB advances and other borrowings	(8,246		)	(2,930		)	(11,176		)	(16,486		)	(5,850		)	(22,336		)
All interest-bearing liabilities	(7,594		)	(8,903		)	(16,497		)	(15,302		)	(17,533		)	(32,835		)
Change in net interest income	$	(1,814	)	$	(9,765	)	$	(11,579	)	$	(2,951	)	$	(16,908	)	$	(19,859	)

___________________ 

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

Provision for Loan Losses: The Company recorded a $0 provision for loan losses during the quarter ended March 31, 2013, while an $18,000,000 provision was recorded for the same quarter one year ago. Non-performing assets amounted to $246,075,000, or 1.88% , of total assets at March 31, 2013, compared to $286,248,000, or 2.11%, of total assets one year ago. Non-accrual loans decreased from $166,153,000 at March 31, 2012, to $149,033,000 at March 31, 2013, a 10.3% decrease. The Company had net charge-offs of $3,943,000 for the quarter ended March 31, 2013, compared with $28,721,000 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 2.16% at March 31, 2012, to 2.00% at March 31, 2013; third, the percentage of loans 30 days or more delinquent decreased from from 2.95% at March 31, 2012, to 2.34% at March 31, 2013; 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 3.5% of the gross loan portfolio at

46

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

March 31, 2012, to 2.9% at March 31, 2013. Management believes the allowance for loan losses, totaling $122,884,000, or 1.57% 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 March 31, 2013.

Other Income: The quarter ended March 31, 2013 produced total other income of $6,046,000 compared to $5,028,000 for the same quarter one year ago, an increase of $1,018,000. The Company recognized a one time transaction fee of $1,000,000 related to new business products offerings during the quarter ended March 31, 2013.

Other Expense: The quarter ended March 31, 2013, produced total other expense of $41,164,000 compared to $36,812,000 for the same quarter one year ago, an 11.8% increase. The increase in total other expense over the same comparable period one year ago was primarily due to the increase of $2,892,000 in compensation and benefits, which, for the quarter ended March 31, 2013 included the addition of the employees from the South Valley acquisition as of October 31, 2012. Also impacted by this acquisition were the increases in occupancy expense and other expense of $731,000 and $1,972,000 respectively, for the quarter ended March 31, 2013 as compared to the prior year. Total other expense for the quarters ended March 31, 2013 and 2012 equaled 1.26% and 1.08%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,439 and 1,248 at March 31, 2013 and 2012, respectively. FDIC insurance expense decreased to $3,107,000 for the three months ended March 31, 2013 as compared to $4,350,000 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 decreased to $17,924,000 for the quarter ended March 31, 2013, as compared to $19,165,000 for the same period one year ago. During the quarter ended March 31, 2013, the Company settled a tax dispute in its favor, resulting in a reduced effective tax rate of 33.25% compared to the quarter ended March 31, 2012 of 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.

47

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 March 31, 2013.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of  Publicly Announced Plan (1)	Maximum Number of Shares That May Yet Be Purchased Under the Plan at the End of the Period
January 1, 2013 to January 31, 2013	302,400	$	16.69	302,400	3,189,616
February 1, 2013 to February 28, 2013	—	—		—	3,189,616
March 1, 2013 to March 31, 2013	196,382	17.46		196,382	2,993,234
Total	498,782	$	16.99	498,782	2,993,234

 ___________________

(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

48

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

SIGNATURES

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

May 7, 2013	/S/    ROY M. WHITEHEAD
	ROY M. WHITEHEAD Chairman, President and Chief Executive Officer
May 7, 2013	/S/    BRENT J. BEARDALL
	BRENT J. BEARDALL Executive Vice President and Chief Financial Officer

49

EX-31.1

Exhibit 31.1

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Roy M. Whitehead, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:	May 7, 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:	May 7, 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 March 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the undersigned's best knowledge and belief:

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

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

Date: May 7, 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	6 Months Ended		12 Months Ended
	Mar. 31, 2013		Sep. 30, 2012
Covered Assets [Line Items]
Covered assets	$ 387,789		$ 317,925
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	87,571		101,634
Additions	17,373	[1]	3,284	[1]
Payments made (received)	(11,668)		(3,456)
Amortization	(13,451)		(15,510)
Accretion, Carrying Amount of Loans	566		1,619
Balance at end of period	80,391		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	43,299	[1]
Additions, Carrying Amount of Loans	107,946	[1]
Reclassification from nonaccretable balance, net, AccretableYield			34,690
Reclassification from nonaccretable balance, net, Carrying Amount of Loans			0
Accretion, AccretableYield	(18,463)		(20,860)
Transfers to REO, AccretableYield	0		0
Transfers to REO, Carrying Amount of Loans	(7,403)		(15,905)
Payments received, net, AccretableYield	0		0
Payments received, net, Carrying Amount of Loans	(21,828)		(46,063)
Balance at end of period, AccretableYield	75,738		50,902
Balance at end of period, Carrying Amount of Loans	172,131		74,953
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	18,463		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	(3,543)		(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	(33,582)		(63,046)
Balance at end of period, AccretableYield	20,246		23,789
Balance at end of period, Carrying Amount of Loans	183,384		213,423
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	$ 3,543		$ 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	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 7,830,112	$ 7,866,336
Nonaccrual loans by portfolio segment	149,033	173,427	166,153
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,240,151	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	246,075		286,248
Grade as percentage of total gross loans	1.88%		2.11%
Nonaccrual loans by portfolio segment	163,116	173,427
Grade as a percetage of total gross loans	2.20%	2.20%
Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,390,743	5,779,264
Nonaccrual loans by portfolio segment	111,572	131,193
Single-Family Residential [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,266,407	5,647,729
Grade as percentage of total gross loans	98.00%	97.70%
Single-Family Residential [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	2.00%	2.30%
Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	122,544	131,526
Nonaccrual loans by portfolio segment	7,943	10,634
Construction - Speculative [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,146	119,003
Grade as percentage of total gross loans	92.10%	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	7.90%	8.20%
Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	217,349	211,690
Nonaccrual loans by portfolio segment	105	539
Construction - Custom [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	216,997	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 & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	99,509	128,379
Nonaccrual loans by portfolio segment	12,177	13,477
Land - Acquisition & Development [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	79,178	111,200
Grade as percentage of total gross loans	84.70%	89.20%
Land - Acquisition & 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	15.30%	10.80%
Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	133,875	141,844
Nonaccrual loans by portfolio segment	3,385	5,149
Land - Consumer Lot Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	126,032	136,695
Grade as percentage of total gross loans	96.90%	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	3.10%	3.60%
Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	733,036	710,741
Nonaccrual loans by portfolio segment	2,802	4,185
Multi-Family [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	717,415	705,955
Grade as percentage of total gross loans	98.90%	99.40%
Multi-Family [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 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	642,556	406,364
Nonaccrual loans by portfolio segment	10,395	7,653
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	368,629	311,557
Grade as percentage of total gross loans	95.60%	97.60%
Commercial Real Estate [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	4.40%	2.40%
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	288,944	166,115
Nonaccrual loans by portfolio segment	210	16
Commercial & Industrial [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	189,611	162,807
Grade as percentage of total gross loans	99.50%	100.00%
Commercial & Industrial [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	0.50%	0.00%
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	137,473	126,942
Nonaccrual loans by portfolio segment	247	198
HELOC [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,133	112,704
Grade as percentage of total gross loans	99.60%	99.80%
HELOC [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 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	64,083	63,471
Nonaccrual loans by portfolio segment	197	383
Consumer [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	53,603	62,991
Grade as percentage of total gross loans	99.30%	99.40%
Consumer [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	0.70%	0.60%

XML

Loans Receivable (excluding Covered Loans) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Mar. 31, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 7,830,112	$ 7,866,336
Ratio of type of loan to total loans receivable	100.00%	100.00%
Allowance for probable losses	122,884	133,147	126,827	157,160
Loans in process	189,336	213,286
Discount on acquired loans	40,346	33,484
Deferred net origination fees	33,330	34,421
Charges against loans receivable	385,896	414,338
Loans receivable, net	7,444,216	7,451,998
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,390,743	5,779,264
Ratio of type of loan to total loans receivable	68.80%	73.50%
Allowance for probable losses	77,422	81,815	77,508	83,307
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	122,544	131,526
Ratio of type of loan to total loans receivable	1.50%	1.70%
Allowance for probable losses	7,757	12,060	8,660	13,828
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	217,349	211,690
Ratio of type of loan to total loans receivable	2.80%	2.70%
Allowance for probable losses	262	347	275	623
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	99,509	128,379
Ratio of type of loan to total loans receivable	1.20%	1.60%
Allowance for probable losses	12,221	15,598	15,056	32,719
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	133,875	141,844
Ratio of type of loan to total loans receivable	1.80%	1.80%
Allowance for probable losses	3,941	4,937	4,963	5,520
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	733,036	710,741
Ratio of type of loan to total loans receivable	9.50%	9.00%
Allowance for probable losses	4,272	5,280	5,107	7,623
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	642,556	406,364
Ratio of type of loan to total loans receivable	8.10%	5.20%
Allowance for probable losses	4,156	1,956	2,651	4,331
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	288,944	166,115
Ratio of type of loan to total loans receivable	3.70%	2.10%
Allowance for probable losses	8,628	7,626	8,062	5,099
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	137,473	126,942
Ratio of type of loan to total loans receivable	1.80%	1.60%
Allowance for probable losses	1,031	965	1,044	1,139
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	64,083	63,471
Ratio of type of loan to total loans receivable	0.80%	0.80%
Allowance for probable losses	3,194	2,563	3,501	2,971
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,403,267	7,755,219
Ratio of type of loan to total loans receivable	94.50%	98.60%
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,374,977	5,778,922
Ratio of type of loan to total loans receivable	68.60%	73.50%
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	120,617	129,637
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	217,036	211,690
Ratio of type of loan to total loans receivable	2.80%	2.70%
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	93,496	124,677
Ratio of type of loan to total loans receivable	1.20%	1.60%
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	130,056	141,844
Ratio of type of loan to total loans receivable	1.70%	1.80%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	725,322	710,140
Ratio of type of loan to total loans receivable	9.30%	9.00%
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	385,587	319,210
Ratio of type of loan to total loans receivable	4.90%	4.10%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	190,598	162,823
Ratio of type of loan to total loans receivable	2.40%	2.10%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	111,622	112,902
Ratio of type of loan to total loans receivable	1.40%	1.40%
Non-Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	53,956	63,374
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	327,383	0
Ratio of type of loan to total loans receivable	4.20%	0.00%
Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	15,428	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	177	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	313	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	3,436	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	3,819	0
Ratio of type of loan to total loans receivable	0.10%	0.00%
Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,714	0
Ratio of type of loan to total loans receivable	0.20%	0.00%
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	177,101	0
Ratio of type of loan to total loans receivable	2.10%	0.00%
Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	96,255	0
Ratio of type of loan to total loans receivable	1.30%	0.00%
Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	13,094	0
Ratio of type of loan to total loans receivable	0.20%	0.00%
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	10,046	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	99,462	111,117
Ratio of type of loan to total loans receivable	1.30%	1.40%
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	338	342
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	1,750	1,889
Ratio of type of loan to total loans receivable	0.00%	0.10%
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,577	3,702
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	601
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	79,868	87,154
Ratio of type of loan to total loans receivable	1.10%	1.10%
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,091	3,292
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	12,757	14,040
Ratio of type of loan to total loans receivable	0.20%	0.20%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 81	$ 97
Ratio of type of loan to total loans receivable	0.00%	0.00%

XML

Fair Value Measurements (Reconciliation Of Amortized Cost of Fair Value of Investments) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Sep. 30, 2012
Available-for-Sale Securities, Amortized Cost
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	$ 2,003,858		$ 1,760,668
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Available-for-sale Securities, Gross Unrealized Gains	20,308		22,161
Available-for-sale Securities, Gross Unrealized Losses	1,498		1,124
Available-for-Sale Securities, Fair Value
Available-for-sale Securities, Debt Securities	2,022,668		1,781,705
Available-for-Sale Securities, Yield
Available-for-sale Securities, Yield	1.61%		1.99%
Held-to-maturity Securities, Yield	3.04%		3.10%
Yield	2.22%		2.44%
Held-to-Maturity Securities, Amortized Cost
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount	1,469,983		1,191,487
Held-to-Maturity Securities, Gross Unrealized Gains
Held-to-maturity Securities, Unrecognized Holding Gain	3,302		25,736
Held-to-Maturity Securities, Gross Unrealized Losses
Held-to-maturity Securities, Unrecognized Holding Loss	4,056		0
Held-to-Maturity Securities, Fair Value
Held-to-maturity Securities, Debt Maturities, Fair Value	1,469,229		1,217,223
Investments	3,473,841		2,952,155
Gross Unrealized Gains on Investments	23,610		47,897
Gross Unrealized Losses on Investments	(5,554)		(1,124)
Investments, Fair Value Disclosure	3,491,897		2,998,928
Available-for-sale securities sold	43,199	3,500
Obligations of U.S. 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, Agency Pass-Through Certificates [Member]
Available-for-Sale Securities, Yield
Agency pass-through certificates	3.04%		3.10%
Held-to-Maturity Securities, Amortized Cost
Agency pass-through certificates	1,469,983		1,190,692
Held-to-Maturity Securities, Gross Unrealized Gains
Agency pass-through certificates	3,302		25,729
Held-to-Maturity Securities, Gross Unrealized Losses
Agency pass-through certificates	(4,056)		0
Held-to-Maturity Securities, Fair Value
Agency pass-through certificates	1,469,229		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	20,430		20,442
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Over 10 years	4,373		4,402
Over 10 years	0		0
Available-for-Sale Securities, Fair Value
Over 10 years	24,803		24,844
Available-for-Sale Securities, Yield
Over 10 years	6.45%		6.45%
Obligations of U.S. Government [Member]
Available-for-Sale Securities, Amortized Cost
Within 1 year	16,952		19,999
1 to 5 years	58,000		0
5 to 10 years	83,300		59,300
Over 10 years	327,404		100,000
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Within 1 year	31		42
1 to 5 years	2,576		0
5 to 10 years	1,664		4,225
Over 10 years	156		0
Within 1 year	(29)		(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	16,954		20,035
1 to 5 years	60,576		0
5 to 10 years	84,964		63,525
Over 10 years	327,560		100,000
Available-for-Sale Securities, Yield
Within 1 year	0.45%		0.57%
1 to 5 years	1.55%		0.00%
5 to 10 years	1.36%		2.21%
Over 10 years	0.90%		1.05%
Corporate Debt Securities [Member]
Available-for-Sale Securities, Amortized Cost
Within 1 year	19,500
1 to 5 years	317,044		336,340
5 to 10 years	62,962		62,919
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Within 1 year	11
1 to 5 years	4,078		2,810
5 to 10 years	998		1,324
Within 1 year	0
1 to 5 years	0		(61)
5 to 10 years	(481)		(7)
Available-for-Sale Securities, Fair Value
Within 1 year	19,511
1 to 5 years	321,122		339,089
5 to 10 years	63,479		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, Agency Pass-Through Certificates [Member]
Available-for-Sale Securities, Amortized Cost
Agency pass-through certificates	1,098,266		1,161,668
Available-for-Sale Securities, Gross Unrealized Gains (Losses)
Agency pass-through certificates	6,421		9,358
Agency pass-through certificates	(988)		(1,050)
Available-for-Sale Securities, Fair Value
Agency pass-through certificates	$ 1,103,699		$ 1,169,976
Available-for-Sale Securities, Yield
Agency pass-through certificates	1.99%		2.28%

XML

Dividends

6 Months Ended

Mar. 31, 2013

Dividends [Abstract]

Dividends

Dividends

On April 19, 2013, the Company paid its 121^st consecutive quarterly cash dividend on common stock. Dividends per share were $.09 and $.08 for the quarters ended March 31, 2013 and 2012, respectively.

XML

Loans Receivable (excluding Covered Loans) (Troubled Debt Restructurings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013 Contracts	Mar. 31, 2012 Contracts	Mar. 31, 2013 Contracts	Mar. 31, 2012 Contracts	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	140	344	251	569
Pre-Modification Outstanding Recorded Investment	$ 37,609	$ 78,319	$ 68,654	$ 140,753
Post-Modification Outstanding Recorded Investment	37,609	78,319	68,654	140,753
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					86.40%
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	130	312	230	491
Pre-Modification Outstanding Recorded Investment	36,059	68,460	63,146	121,145
Post-Modification Outstanding Recorded Investment	36,059	68,460	63,146	121,145
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	12	1	23
Pre-Modification Outstanding Recorded Investment	0	4,049	2,492	7,428
Post-Modification Outstanding Recorded Investment	0	4,049	2,492	7,428
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	0	0	0	0
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	4	0	26
Pre-Modification Outstanding Recorded Investment	0	1,823	0	6,173
Post-Modification Outstanding Recorded Investment	0	1,823	0	6,173
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	9	14	18	25
Pre-Modification Outstanding Recorded Investment	1,350	2,116	2,761	3,824
Post-Modification Outstanding Recorded Investment	1,350	2,116	2,761	3,824
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	2	1	2
Pre-Modification Outstanding Recorded Investment	0	1,871	55	1,871
Post-Modification Outstanding Recorded Investment	0	1,871	55	1,871
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	1
Pre-Modification Outstanding Recorded Investment	0	0	0	308
Post-Modification Outstanding Recorded Investment	0	0	0	308
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	1
Pre-Modification Outstanding Recorded Investment	0	0	0	4
Post-Modification Outstanding Recorded Investment	0	0	0	4
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	1	0	1	0
Pre-Modification Outstanding Recorded Investment	200	0	200	0
Post-Modification Outstanding Recorded Investment	200	0	200	0
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Pre-Modification Outstanding Recorded Investment	0	0	0	0
Post-Modification Outstanding Recorded Investment	$ 0	$ 0	$ 0	$ 0

XML

Loans Receivable (excluding Covered Loans) (Loans Receivable, Analysis of Age of Loans in Past Due Status) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	$ 7,640,776	$ 7,653,050
Current	7,414,201	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	2.97%	2.69%
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,213,950	7,541,953
Current	6,993,713	7,345,497
30 Days	53,221	39,584
60 Days	31,302	21,560
90 Days	135,714	135,312
Total	220,237	196,456
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.05%	2.60%
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	5,371,033	5,776,002
Current	5,215,549	5,618,261
30 Days	36,476	34,035
60 Days	25,148	16,276
90 Days	93,860	107,430
Total	155,484	157,741
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.89%	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	81,265	88,849
Current	72,899	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	10.29%	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	120,793	107,882
Current	120,575	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 & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	88,357	119,192
Current	75,892	106,321
30 Days	557	853
60 Days	231	1,004
90 Days	11,677	11,014
Total	12,465	12,871
Ratio of past due loans to total loans, net of charge-offs and LIPs	14.11%	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	129,887	141,772
Current	125,094	134,560
30 Days	724	1,688
60 Days	45	375
90 Days	4,024	5,149
Total	4,793	7,212
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.69%	5.09%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	697,943	676,917
Current	686,954	672,263
30 Days	3,102	718
60 Days	130	67
90 Days	7,757	3,869
Total	10,989	4,654
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.57%	0.69%
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	360,607	292,261
Current	341,041	284,427
30 Days	5,154	699
60 Days	2,858	3,153
90 Days	11,554	3,982
Total	19,566	7,834
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.43%	2.68%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	198,488	162,802
Current	192,479	162,778
30 Days	4,386	8
60 Days	636	0
90 Days	987	16
Total	6,009	24
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.03%	0.01%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	111,622	112,902
Current	111,322	112,482
30 Days	128	158
60 Days	(227)	64
90 Days	399	198
Total	300	420
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.27%	0.37%
Non-Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	53,955	63,374
Current	51,908	61,405
30 Days	1,289	1,155
60 Days	423	431
90 Days	335	383
Total	2,047	1,969
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.79%	3.11%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	327,383
Current	325,461
30 Days	1,899
60 Days	5
90 Days	18
Total	1,922
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.59%
Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	15,428
Current	15,312
30 Days	116
60 Days	0
90 Days	0
Total	116
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.75%
Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	177
Current	177
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	313
Current	313
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 & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	3,436
Current	3,436
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	3,819
Current	3,767
30 Days	52
60 Days	0
90 Days	0
Total	52
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.36%
Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,714
Current	7,714
30 Days	0
60 Days	0
90 Days	0
Total	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	177,101
Current	176,444
30 Days	657
60 Days	0
90 Days	0
Total	657
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.37%
Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	96,255
Current	95,258
30 Days	997
60 Days	0
90 Days	0
Total	997
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.04%
Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	13,094
Current	13,094
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] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	10,046
Current	9,946
30 Days	77
60 Days	5
90 Days	18
Total	100
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.00%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	99,443	111,097
Current	95,027	101,508
30 Days	1,681	1,618
60 Days	519	2,639
90 Days	2,216	5,332
Total	4,416	9,589
Ratio of past due loans to total loans, net of charge-offs and LIPs	4.44%	8.63%
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	338	342
Current	338	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	1,749	1,889
Current	1,749	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 & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	2,577	3,702
Current	2,577	3,219
30 Days	0	365
60 Days	0	0
90 Days	0	118
Total	0	483
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	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 [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 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	79,850	87,134
Current	75,772	78,959
30 Days	1,660	412
60 Days	292	2,549
90 Days	2,126	5,214
Total	4,078	8,175
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.11%	9.38%
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	2,091	3,292
Current	2,070	3,054
30 Days	21	238
60 Days	0	0
90 Days	0	0
Total	21	238
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.00%	7.23%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	12,757	14,040
Current	12,440	13,950
30 Days	0	0
60 Days	227	90
90 Days	90	0
Total	317	90
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.48%	0.64%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	81	97
Current	81	95
30 Days	0	2
60 Days	0	0
90 Days	0	0
Total	$ 0	$ 2
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	2.06%

XML

Loans Receivable (excluding Covered Loans) (Loan Modifications) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013 Contracts	Mar. 31, 2012 Contracts	Mar. 31, 2013 Contracts	Mar. 31, 2012 Contracts
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	41	113	60	132
Recorded Investment	$ 8,886	$ 21,284	$ 14,313	$ 26,095
Single-Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	37	108	55	125
Recorded Investment	8,579	20,419	13,704	24,783
Construction - Speculative [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Construction - Custom [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Land - Acquisition & Development [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
Land - Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	1	5	1	7
Recorded Investment	139	865	139	1,312
Multi-Family [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	1	0	1	0
Recorded Investment	55	0	55	0
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	1	0
Recorded Investment	0	0	302	0
Commercial & Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	0	0	0	0
HELOC [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	2	0	2	0
Recorded Investment	113	0	113	0
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0	0	0
Recorded Investment	$ 0	$ 0	$ 0	$ 0

XML

Allowance for Losses on Loans (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended			12 Months Ended
	Mar. 31, 2013		Mar. 31, 2012	Mar. 31, 2013		Mar. 31, 2012	Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	$ 126,827			$ 133,147		$ 157,160	$ 157,160
Charge-offs	(7,774)						(84,579)
Recoveries	3,831						14,857
Provisions & Transfers	0						45,709
Ending Allowance	122,884			122,884			133,147
Provision for loan losses	0		18,000	3,600		29,210
Loans receivable, gross	7,830,112			7,830,112			7,866,336
Nonaccrual loans by portfolio segment	149,033		166,153	149,033		166,153	173,427
Percentage increase (decrease) in nonperforming assets	(10.30%)			(10.30%)
Allowance for credit losses, charge-offs, net of recoveries	3,943		28,721
Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	77,508					83,307	83,307
Charge-offs	(5,140)						(53,789)
Recoveries	2,368						8,164
Provisions & Transfers	2,686						44,133
Ending Allowance	77,422			77,422			81,815
Loans receivable, gross	5,390,743			5,390,743			5,779,264
Nonaccrual loans by portfolio segment	111,572			111,572			131,193
Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	8,660					13,828	13,828
Charge-offs	(68)						(4,916)
Recoveries	146						711
Provisions & Transfers	(981)						2,437
Ending Allowance	7,757			7,757			12,060
Loans receivable, gross	122,544			122,544			131,526
Nonaccrual loans by portfolio segment	7,943			7,943			10,634
Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	275					623	623
Charge-offs	0						0
Recoveries	0						0
Provisions & Transfers	(13)						(276)
Ending Allowance	262			262			347
Loans receivable, gross	217,349			217,349			211,690
Nonaccrual loans by portfolio segment	105			105			539
Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	15,056					32,719	32,719
Charge-offs	(308)						(16,978)
Recoveries	737						1,341
Provisions & Transfers	(3,264)						(1,484)
Ending Allowance	12,221			12,221			15,598
Loans receivable, gross	99,509			99,509			128,379
Nonaccrual loans by portfolio segment	12,177			12,177			13,477
Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	4,963					5,520	5,520
Charge-offs	(574)						(2,670)
Recoveries	0						0
Provisions & Transfers	(448)						2,087
Ending Allowance	3,941			3,941			4,937
Loans receivable, gross	133,875			133,875			141,844
Nonaccrual loans by portfolio segment	3,385			3,385			5,149
Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	5,107					7,623	7,623
Charge-offs	(653)						(1,393)
Recoveries	9						504
Provisions & Transfers	(191)						(1,454)
Ending Allowance	4,272			4,272			5,280
Loans receivable, gross	733,036			733,036			710,741
Nonaccrual loans by portfolio segment	2,802			2,802			4,185
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	2,651					4,331	4,331
Charge-offs	(147)						(814)
Recoveries	10						225
Provisions & Transfers	1,642						(1,786)
Ending Allowance	4,156			4,156			1,956
Loans receivable, gross	642,556			642,556			406,364
Nonaccrual loans by portfolio segment	10,395			10,395			7,653
Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	8,062					5,099	5,099
Charge-offs	(55)						(249)
Recoveries	40						2,366
Provisions & Transfers	581						410
Ending Allowance	8,628			8,628			7,626
Loans receivable, gross	288,944			288,944			166,115
Nonaccrual loans by portfolio segment	210			210			16
HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	1,044					1,139	1,139
Charge-offs	(15)						(232)
Recoveries	0						66
Provisions & Transfers	2						(8)
Ending Allowance	1,031			1,031			965
Loans receivable, gross	137,473			137,473			126,942
Nonaccrual loans by portfolio segment	247			247			198
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,501					2,971	2,971
Charge-offs	(814)						(3,538)
Recoveries	521						1,480
Provisions & Transfers	(14)						1,650
Ending Allowance	3,194			3,194			2,563
Loans receivable, gross	64,083			64,083			63,471
Nonaccrual loans by portfolio segment	197			197			383
Loans Collectively Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	114,039		114,039	114,039		114,039	117,164
Loans receivable, gross	7,203,460	[1]		7,203,460	[1]		7,520,864	[1]
Allowance as a percentage of outstanding loans and leases	1.60%			1.60%			1.60%
Loans Collectively Evaluated for Impairment [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	77,422			77,422			81,737
Loans receivable, gross	5,264,505	[1]		5,264,505	[1]		5,694,337	[1]
Allowance as a percentage of outstanding loans and leases	1.50%			1.50%			1.40%
Loans Collectively Evaluated for Impairment [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	5,749			5,749			9,079
Loans receivable, gross	99,513	[1]		99,513	[1]		104,312	[1]
Allowance as a percentage of outstanding loans and leases	5.80%			5.80%			8.70%
Loans Collectively Evaluated for Impairment [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	262			262			347
Loans receivable, gross	217,036	[1]		217,036	[1]		211,690	[1]
Allowance as a percentage of outstanding loans and leases	0.10%			0.10%			0.20%
Loans Collectively Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	7,331			7,331			6,697
Loans receivable, gross	66,863	[1]		66,863	[1]		47,294	[1]
Allowance as a percentage of outstanding loans and leases	11.00%			11.00%			14.20%
Loans Collectively Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,630			3,630			4,176
Loans receivable, gross	115,399	[1]		115,399	[1]		138,666	[1]
Allowance as a percentage of outstanding loans and leases	3.10%			3.10%			3.00%
Loans Collectively Evaluated for Impairment [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,892			2,892			2,818
Loans receivable, gross	714,430	[1]		714,430	[1]		694,140	[1]
Allowance as a percentage of outstanding loans and leases	0.40%			0.40%			0.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,900			3,900			1,158
Loans receivable, gross	370,717	[1]		370,717	[1]		292,550	[1]
Allowance as a percentage of outstanding loans and leases	1.10%			1.10%			0.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	8,628			8,628			7,624
Loans receivable, gross	190,472	[1]		190,472	[1]		161,689	[1]
Allowance as a percentage of outstanding loans and leases	4.50%			4.50%			4.70%
Loans Collectively Evaluated for Impairment [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,031			1,031			965
Loans receivable, gross	110,570	[1]		110,570	[1]		112,812	[1]
Allowance as a percentage of outstanding loans and leases	0.90%			0.90%			0.90%
Loans Collectively Evaluated for Impairment [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,194			3,194			2,563
Loans receivable, gross	53,955	[1]		53,955	[1]		63,374	[1]
Allowance as a percentage of outstanding loans and leases	5.90%			5.90%			4.00%
Loans Individually Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	8,845		29,781	8,845		29,781	15,983
Loans receivable, gross	199,805	[1]		199,805	[1]		234,354	[1]
Allowance as a percentage of outstanding loans and leases	4.40%			4.40%			6.80%
Loans Individually Evaluated for Impairment [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			78
Loans receivable, gross	110,471	[1]		110,471	[1]		84,584	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.10%
Loans Individually Evaluated for Impairment [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	2,008			2,008			2,981
Loans receivable, gross	21,104	[1]		21,104	[1]		25,325	[1]
Allowance as a percentage of outstanding loans and leases	9.50%			9.50%			11.80%
Loans Individually Evaluated for Impairment [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	0	[1]		0	[1]		0	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Loans Individually Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	4,890			4,890			8,901
Loans receivable, gross	26,633	[1]		26,633	[1]		77,383	[1]
Allowance as a percentage of outstanding loans and leases	18.40%			18.40%			11.50%
Loans Individually Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	311			311			761
Loans receivable, gross	14,657	[1]		14,657	[1]		3,178	[1]
Allowance as a percentage of outstanding loans and leases	2.10%			2.10%			23.90%
Loans Individually Evaluated for Impairment [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,380			1,380			2,462
Loans receivable, gross	10,892	[1]		10,892	[1]		16,000	[1]
Allowance as a percentage of outstanding loans and leases	12.70%			12.70%			15.40%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	256			256			798
Loans receivable, gross	14,870	[1]		14,870	[1]		26,660	[1]
Allowance as a percentage of outstanding loans and leases	1.70%			1.70%			3.00%
Loans Individually Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			2
Loans receivable, gross	126	[1]		126	[1]		1,134	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.20%
Loans Individually Evaluated for Impairment [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	1,052	[1]		1,052	[1]		90	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Loans Individually Evaluated for Impairment [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0			0			0
Loans receivable, gross	0	[1]		0	[1]		0	[1]
Allowance as a percentage of outstanding loans and leases	0.00%			0.00%			0.00%
Nonperforming Financing Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loans receivable, gross	246,075		286,248	246,075		286,248
Grade as percentage of total gross loans	1.88%		2.11%	1.88%		2.11%
Nonaccrual loans by portfolio segment	163,116			163,116			173,427
Nonperforming Financing Receivable [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	108,570			108,570			131,193
Nonperforming Financing Receivable [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	9,471			9,471			10,634
Nonperforming Financing Receivable [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	39			39			539
Nonperforming Financing Receivable [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	14,318			14,318			13,477
Nonperforming Financing Receivable [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	4,024			4,024			5,149
Nonperforming Financing Receivable [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	7,907			7,907			4,185
Nonperforming Financing Receivable [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	16,958			16,958			7,653
Nonperforming Financing Receivable [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	987			987			16
Nonperforming Financing Receivable [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	489			489			198
Nonperforming Financing Receivable [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	$ 353			$ 353			$ 383

[1] Excludes acquired and covered loans

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Acquisitions

6 Months Ended

Mar. 31, 2013

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 recorded book values of $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 paid at closing was $44 million, including $34 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 value adjustment amounts currently recognized in the financial statements at March 31, 2013 were determined provisionally as the purchase accounting fair value analysis was incomplete as of March 31, 2013. The determination of whether a non-covered loan is impaired and accounted for under ASC 310 was still in process as part of the acquisition date loan valuation; therefore, all non-covered loans are categorized as acquired loans without differentiation between non-impaired and credit impaired at March 31, 2013.

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 March 31, 2013.

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed:

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,679
FHLB stock	5,211
Loans receivable, net	360,719
Covered loans receivable, net	107,946
FDIC indemnification asset	16,596
Property and equipment, net	24,259
Core deposit intangible	1,433
Real estate held for sale	9,794
Covered real estate held for sale	5,224
Goodwill	7,107
Other assets	25,225
Total Assets	819,904
Liabilities:
Customer accounts	737,395
FHLB advances	22,471
Other liabilities	16,143
Total Liabilities	776,009
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 (Internally Assigned Grade) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 7,830,112	$ 7,866,336
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,450,049	7,468,534
Grade as percentage of total gross loans	95.10%	94.90%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	27,675	42,988
Grade as percentage of total gross loans	0.40%	0.60%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	350,597	352,916
Grade as percentage of total gross loans	4.50%	4.50%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,582	1,898
Grade as percentage of total gross loans	0.00%	0.00%
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	209	0
Grade as percentage of total gross loans	0.00%	0.00%
Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,390,743	5,779,264
Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	122,544	131,526
Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	217,349	211,690
Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	99,509	128,379
Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	133,875	141,844
Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	733,036	710,741
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	642,556	406,364
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	288,944	166,115
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	137,473	126,942
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	64,083	63,471
Non-Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,403,267	7,755,219
Non-Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,115,937	7,396,340
Non-Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	19,771	38,622
Non-Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	267,350	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	209	0
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,374,977	5,778,922
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,210,626	5,588,252
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,742	844
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	162,609	189,826
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	120,617	129,637
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	94,497	86,126
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	362	10,113
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	25,758	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	217,036	211,690
Non-Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	217,036	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 & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	93,496	124,677
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	64,282	73,661
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	840	4,637
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	28,374	46,379
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	130,056	141,844
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	129,175	140,006
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	123	223
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	758	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 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	725,322	710,140
Non-Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	707,869	684,649
Non-Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,886	5,098
Non-Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	15,567	20,393
Non-Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	385,587	319,210
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	341,175	278,022
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,016	16,282
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	31,396	24,906
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	190,598	162,823
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	186,296	158,421
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,391	1,071
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,702	3,331
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	209	0
Non-Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,622	112,902
Non-Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,622	112,902
Non-Acquired Loans [Member] | HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	53,956	63,374
Non-Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	53,359	62,611
Non-Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	411	354
Non-Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	186	409
Non-Acquired Loans [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	327,383	0
Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	266,151
Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	6,211
Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	54,767
Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	254
Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	15,428	0
Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	15,428
Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Single-Family Residential [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	177	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	177
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	313	0
Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	313
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 & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,436	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,198
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,238
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land - Acquisition & 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	3,819	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,800
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	19
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 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,714	0
Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,349
Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,365
Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	177,101	0
Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	137,416
Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,832
Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	34,853
Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	96,255	0
Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	80,507
Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,379
Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	14,115
Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	254
Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,094	0
Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,094
Acquired Loans [Member] | HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | HELOC [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	10,046	0
Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	10,046
Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0
Acquired Loans [Member] | Consumer [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	99,462	111,117
Credit Impaired Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	67,961	72,194
Credit Impaired Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,693	4,366
Credit Impaired Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	28,480	32,659
Credit Impaired Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,328	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] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	338	342
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	338	342
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,750	1,889
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,327	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	1,513	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	484	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	2,330	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 & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,577	3,702
Credit Impaired Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	601
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	601
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,838	14,137
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,838	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 [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	79,868	87,154
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	52,254	53,683
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,014	4,308
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	25,651	28,200
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	949	963
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,091	3,292
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,018	1,566
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	195	58
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	499	733
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	379	935
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	12,757	14,040
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 81	$ 97

XML

Covered Assets (Credit Risk Profile by Internally Assigned Grade by Loan Status Designation) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Covered Assets, Loan Status Designation [Line Items]
Loans and Leases Receivable, Covered Loans, Gross	$ 435,533	$ 373,455
Discount balance related to acquired loans	(80,018)	(85,079)
Covered loans, allowance for losses	0	0
Loans and Leases Receivable, Covered Loans, Net Reported Amount	355,515	288,376
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	195,126	228,843
Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	240,407	144,612
Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	33,146	35,676
Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	25,335	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 & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	10,182	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	440	498
Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	24,510	27,645
Multi-Family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,800	2,996
Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	99,728	121,592
Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	127,367	67,592
Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	11,023	13,023
Commercial & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	21,683	15,259
HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,315	17,971
Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	680	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	52,595	50,953
HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	7,627	4,190
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	95.10%	94.90%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	139,588	176,763
Grade as percentage of total gross loans	71.50%	77.30%
Pass [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	84,002	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	30,319	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	24,290	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 & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,056	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	440	498
Pass [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	23,286	24,898
Pass [Member] | Multi-Family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,251	0
Pass [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	59,863	89,530
Pass [Member] | Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	34,518	404
Pass [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	6,527	7,146
Pass [Member] | Commercial & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	8,173	3,787
Pass [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,315	17,971
Pass [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	680	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	11,674	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	4,096	1,094
Special Mention [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	0.40%	0.60%
Special Mention [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	11,514	2,778
Grade as percentage of total gross loans	5.90%	1.20%
Special Mention [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	21,488	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	0	0
Special Mention [Member] | Construction - Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Construction - Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,289	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 [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 [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 [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	9,725	298
Special Mention [Member] | Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	16,691	25,785
Special Mention [Member] | Commercial & Industrial [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 & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	499	1,006
Special Mention [Member] | HELOC [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 [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	4,298	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	0	0
Substandard [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	4.50%	4.50%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	44,024	49,302
Grade as percentage of total gross loans	22.60%	21.50%
Substandard [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	134,637	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	2,827	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	1,045	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 & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,837	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 [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,224	2,747
Substandard [Member] | Multi-Family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,549	2,996
Substandard [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	30,140	31,764
Substandard [Member] | Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	76,158	41,403
Substandard [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,996	5,367
Substandard [Member] | Commercial & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	12,731	10,466
Substandard [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Consumer [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	36,623	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	3,531	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	280	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	0	0
Doubtful [Member] | Construction - Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction - Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Land - Acquisition & 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 [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 [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial Real Estate [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 [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Commercial & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	280	0
Doubtful [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	0.00%	0.00%
Loss [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
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	0	0
Loss [Member] | Single Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Single Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction - Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction - Custom [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Land - Acquisition & 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 [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 [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial Real Estate [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 [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Commercial & Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | HELOC & Other Consumer [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
ASSETS
Cash and cash equivalents	$ 782,059	$ 751,430
Available-for-sale securities, at fair value	2,022,668	1,781,705
Held-to-maturity securities, at amortized cost	1,469,983	1,191,487
Loans receivable, net	7,444,216	7,451,998
Covered loans, net	355,515	288,376
Interest receivable	45,448	46,857
Premises and equipment, net	206,797	178,845
Real estate held for sale	97,042	99,478
Covered real estate held for sale	32,274	29,549
FDIC indemnification asset	80,391	87,571
FHLB stock	152,038	149,840
Intangible assets, net	263,816	256,076
Federal and state income tax assets, net	37,229	22,513
Other assets	126,357	137,219
Assets	13,115,833	12,472,944
Customer accounts
Transaction deposit accounts	3,556,616	2,946,453
Time deposit accounts	5,595,609	5,630,165
Savings and Demand Accounts and Repurchase Agreements with Customers	9,152,225	8,576,618
FHLB advances	1,930,000	1,880,000
Advance payments by borrowers for taxes and insurance	16,192	40,041
Federal and State income tax liabilities, net	0	0
Accrued expenses and other liabilities	83,066	76,533
Liabilities	11,181,483	10,573,192
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 131,979,030 and 129,950,223 shares issued; 105,011,626 and 106,177,615 shares outstanding	131,979	129,950
Paid-in capital	1,620,327	1,586,295
Accumulated other comprehensive income, net of taxes	11,897	13,306
Treasury stock, at cost; 26,967,404 and 23,772,608 shares	(363,803)	(310,579)
Retained earnings	533,950	480,780
Stockholders' Equity Attributable to Parent	1,934,350	1,899,752
Liabilities and Equity	$ 13,115,833	$ 12,472,944

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 71,260	$ 67,489
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (accretion) of fees, discounts, premiums and intangible assets, net	2,488	20,703
Cash received from (paid to) FDIC under loss share	11,668	(4,068)
Depreciation	4,600	3,750
Stock option compensation expense	600	600
Provision for loan losses	3,600	29,210
Loss (gain) on real estate held for sale, net	3,028	(1,285)
Decrease (increase) in accrued interest receivable	3,440	(1,536)
Increase in FDIC loss share receivable	(777)	(2,052)
Increase (decrease) in income taxes payable	(13,937)	6,031
Decrease in other assets	35,712	8,832
Increase (decrease) in accrued expenses and other liabilities	(8,770)	1,955
Net cash provided by operating activities	112,912	129,629
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	381,932	342,513
FHLB stock redemptions	1,382	1,512
Available-for-sale securities purchased	(356,966)	(1,241,126)
Principal payments and maturities of available-for-sale securities	100,906	758,676
Available-for-sale securities sold	43,199	3,500
Held-to-maturity securities purchased	(407,135)	0
Principal payments and maturities of available-for-sale securities	132,755	8,394
Net cash received from acquisition	202,308	50,451
Proceeds from sales of real estate held for sale	59,773	90,017
Proceeds from sales of covered REO	7,645	22,959
Premises and equipment purchased and REO improvements	(18,048)	(11,737)
Net cash provided by investing activities	147,751	25,159
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(161,712)	(3,253)
Net increase (decrease) in borrowings	27,529	(19,700)
Proceeds from exercise of common stock options	152	28
Dividends paid on common stock	(18,930)	(17,078)
Treasury stock purchased	(53,224)	(30,307)
Decrease in advance payments by borrowers for taxes and insurance	(23,849)	(10,133)
Net cash used by financing activities	(230,034)	(80,443)
Increase in cash and cash equivalents	30,629	74,345
Cash and cash equivalents at beginning of period	751,430	816,002
Cash and cash equivalents at end of period	782,059	890,347
Non-cash investing activities
Non-covered real estate acquired through foreclosure	52,760	73,466
Covered real estate acquired through foreclosure	5,954	6,304
Cash paid during the period for
Interest	71,092	103,170
Income taxes	32,465	31,947
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	819,904	124,726
Fair value of liabilities assumed	(776,009)	(154,500)
Net fair value of assets (liabilities)	$ 43,895	$ (29,774)

XML

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended																																																															3 Months Ended	6 Months Ended	3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Impaired Loans [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Covered Real Estate Owned [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Real Estate Held for Sale [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Impaired Loans [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Real Estate Held for Sale [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Impaired Loans [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Real Estate Held for Sale [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Impaired Loans [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Covered Real Estate Owned [Member]		Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Real Estate Held for Sale [Member]		Mar. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Obligations of U.S. Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Obligations of U.S. Government [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Obligations of U.S. Government [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Obligations of U.S. Government [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Obligations of Foreign Governments [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Obligations of Foreign Governments [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Obligations of Foreign Governments [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Obligations of Foreign Governments [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Collateralized Mortgage Backed Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Mortgage-backed Securities, Agency Pass-Through Certificates [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Mortgage-backed Securities, Agency Pass-Through Certificates [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Mortgage-backed Securities, Agency Pass-Through Certificates [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Mortgage-backed Securities, Agency Pass-Through Certificates [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Mar. 31, 2013 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Mar. 31, 2013 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Mar. 31, 2013 Other Debt Obligations [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member]	Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member]	Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Impaired Loans [Member]		Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Impaired Loans [Member]		Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Covered Real Estate Owned [Member]		Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Covered Real Estate Owned [Member]		Mar. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Real Estate Held for Sale [Member]		Mar. 31, 2013 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]
Available-for-sale securities					$ 2,022,668	$ 0	$ 2,022,668	$ 0																													$ 531	$ 0	$ 531	$ 0	$ 489,523	$ 0	$ 489,523	$ 0	$ 24,803	$ 0	$ 24,803	$ 0	$ 0	$ 0	$ 0	$ 0	$ 404,112	$ 0	$ 404,112	$ 0	$ 0	$ 1,103,699	$ 0	$ 1,103,699	$ 0	$ 0	$ 0	$ 0	$ 0
Assets									114,023	45,966	[1]	13,988	[2]	54,069	[2]	0	0	[1]	0	[2]	0	[2]	0	0	[1]	0	[2]	0	[2]	114,023	45,966	[1]	13,988	[2]	54,069	[2]
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis																																																																		7,994	25,434	1,225	[1]	11,038	[1]	281	[2]	372	[2]	6,488	[2]	14,024	[2]
Liabilities, Fair Value Disclosure, Recurring	0		0
Liabilities, Fair Value Disclosure, Nonrecurring	0		0
Gain on sale of investments	$ 0	$ 0	$ 0	$ 0
Term of Contractual Due Dates of Substantially All Mortgage-Backed Securities			10 years

[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 $)	Mar. 31, 2013	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			$ 360,719,000	$ 382,634,000
Covered loans receivable, net			107,946,000	107,075,000
Customer accounts			737,395,000	735,415,000
Transaction deposits acquired	3,556,616,000	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	Mar. 31, 2013	Sep. 30, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB stock	$ 152,038	$ 149,840
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	782,059	751,430
Available-for-sale securities	2,022,668	1,781,705
Held-to-maturity securities	1,469,983	1,191,487
Loans receivable	7,444,216	7,451,998
Covered loans	355,515	288,376
FDIC indemnification asset	80,391	87,571
FHLB stock	152,038	149,840
Customer accounts	9,152,225	8,576,618
FHLB advances and other borrowings	1,930,000	1,880,000
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	782,059	751,430
Available-for-sale securities	2,022,668	1,781,705
Held-to-maturity securities	1,469,229	1,217,223
Loans receivable	8,059,053	7,949,892
Covered loans	365,138	289,754
FDIC indemnification asset	78,108	85,846
FHLB stock	152,038	149,840
Customer accounts	8,861,670	8,406,432
FHLB advances and other borrowings	2,145,399	2,110,223
Equity Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	531	0
Equity Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	531	0
Obligations of U.S. Government [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	489,523	183,560
Obligations of U.S. Government [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	489,523	183,560
Obligations of States and Political Subdivisions [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	24,803	24,844
Obligations of States and Political Subdivisions [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	24,803	24,844
Obligations of Foreign Governments [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0	0
Obligations of Foreign Governments [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0	0
Corporate Debt Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	404,112	403,325
Corporate Debt Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	404,112	403,325
Mortgage-backed Securities, Agency Pass-Through Certificates [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	1,103,699	1,169,976
Mortgage-backed Securities, Agency Pass-Through Certificates [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	1,103,699	1,169,976
Other Debt Obligations [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0	0
Other Debt Obligations [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	0	0
Equity Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Equity Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Obligations of U.S. Government [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Obligations of U.S. Government [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Obligations of States and Political Subdivisions [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	795
Obligations of States and Political Subdivisions [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	802
Obligations of Foreign Governments [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Obligations of Foreign Governments [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Corporate Debt Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Corporate Debt Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Mortgage-backed Securities, Agency Pass-Through Certificates [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	1,469,983	1,190,692
Mortgage-backed Securities, Agency Pass-Through Certificates [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	1,469,229	1,216,421
Other Debt Obligations [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	0	0
Other Debt Obligations [Member] | Estimated Fair Value [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		6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
Dividends [Abstract]
Cash dividends per share (in dollars per share)	$ 0.09	$ 0.08	$ 0.17	$ 0.16

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Summary of Significant Accounting Policies

6 Months Ended

Mar. 31, 2013

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 March 31, 2013, excluding covered loans, of $259,266,000. 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 $)	Mar. 31, 2013	Sep. 30, 2012
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	131,979,030	129,950,223
Common stock, shares outstanding (in shares)	105,011,626	106,177,615
Treasury stock, shares (in shares)	26,967,404	23,772,608

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Loans Receivable (excluding Covered Loans) (Tables)

6 Months Ended

Mar. 31, 2013

Loans Receivable [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	March 31, 2013				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,374,977	68.6	%	$	5,778,922	73.5	%
Construction - speculative	120,617		1.5		129,637		1.6
Construction - custom	217,036		2.8		211,690		2.7
Land - acquisition & development	93,496		1.2		124,677		1.6
Land - consumer lot loans	130,056		1.7		141,844		1.8
Multi-family	725,322		9.3		710,140		9.0
Commercial real estate	385,587		4.9		319,210		4.1
Commercial & industrial	190,598		2.4		162,823		2.1
HELOC	111,622		1.4		112,902		1.4
Consumer	53,956		0.7		63,374		0.8
Total non-acquired loans	7,403,267		94.5		7,755,219		98.6
Acquired loans
Single-family residential	15,428		0.2		—		—
Construction - speculative	177		—		—		—
Construction - custom	313		—		—		—
Land - acquisition & development	3,436		—		—		—
Land - consumer lot loans	3,819		0.1		—		—
Multi-family	7,714		0.2		—		—
Commercial real estate	177,101		2.1		—		—
Commercial & industrial	96,255		1.3		—		—
HELOC	13,094		0.2		—		—
Consumer	10,046		0.1		—		—
Total acquired loans	327,383		4.2		—		—
Credit-impaired acquired loans
Single-family residential	338		—		342		—
Construction - speculative	1,750		—		1,889		0.1
Land - acquisition & development	2,577		—		3,702		—
Multi-family	—		—		601		—
Commercial real estate	79,868		1.1		87,154		1.1
Commercial & industrial	2,091		—		3,292		—
HELOC	12,757		0.2		14,040		0.2
Consumer	81		—		97		—
Total credit-impaired acquired loans	99,462		1.3		111,117		1.4
Total loans
Single-family residential	5,390,743		68.8		5,779,264		73.5
Construction - speculative	122,544		1.5		131,526		1.7
Construction - custom	217,349		2.8		211,690		2.7
Land - acquisition & development	99,509		1.2		128,379		1.6
Land - consumer lot loans	133,875		1.8		141,844		1.8
Multi-family	733,036		9.5		710,741		9
Commercial real estate	642,556		8.1		406,364		5.2
Commercial & industrial	288,944		3.7		166,115		2.1

HELOC	137,473		1.8		126,942		1.6
Consumer	64,083		0.8		63,471		0.8
Total loans	7,830,112		100	%	7,866,336		100	%
Less:
Allowance for probable losses	122,884				133,147
Loans in process	189,336				213,286
Discount on acquired loans	40,346				33,484
Deferred net origination fees	33,330				34,421
	385,896				414,338
	$	7,444,216			$	7,451,998

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

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the six months ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	16,928		$	77,613		$	—		$	—
Reclassification from nonaccretable balance, net	30,026
Additions (1)	—			—			10,804			360,719
Accretion	(4,278		)	4,278			(658		)	658
Transfers to REO	—			(3,120		)	—			(2,681		)
Payments received, net	—			(11,233		)	—			(39,752		)
Balance as of end of period	$	42,676		$	67,538		$	10,146		$	318,944
(1) includes acquired loans which were acquired as part of the South Valley acquisition.

September 30, 2012	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield		Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	—		$	—		$	—	$	—
Additions (1)	21,384			93,691			—		—
Accretion	(4,456		)	4,456			—		—
Transfers to REO	—			(2,616		)	—		—
Payments received, net	—			(17,918		)	—		—
Balance as of end of period	$	16,928		$	77,613		$	—	$	—
(1) includes acquired impaired loans which were acquired as part of the WNB acquisition.

Summary of Information Regarding Non-Accrual Loans

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

	March 31, 2013				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	111,572	74.8	%	$	131,193	75.7	%
Construction - speculative	7,943		5.3		10,634		6.1
Construction - custom	105		0.1		539		0.3
Land - acquisition & development	12,177		8.2		13,477		7.8
Land - consumer lot loans	3,385		2.3		5,149		3.0
Multi-family	2,802		1.9		4,185		2.4
Commercial real estate	10,395		7.0		7,653		4.4
Commercial & industrial	210		0.1		16		—
HELOC	247		0.2		198		0.1
Consumer	197		0.1		383		0.2
Total non-accrual loans	$	149,033	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 March 31, 2013 and September 30, 2012, respectively.

March 31, 2013	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	$	5,371,033	$	5,215,549	$	36,476	$	25,148		$	93,860	$	155,484	2.89	%
Construction - Speculative	81,265		72,899		1,373		1,911			5,082		8,366		10.29
Construction - Custom	120,793		120,575		32		147			39		218		0.18
Land - Acquisition & Development	88,357		75,892		557		231			11,677		12,465		14.11
Land - Consumer Lot Loans	129,887		125,094		724		45			4,024		4,793		3.69
Multi-Family	697,943		686,954		3,102		130			7,757		10,989		1.57
Commercial Real Estate	360,607		341,041		5,154		2,858			11,554		19,566		5.43
Commercial & Industrial	198,488		192,479		4,386		636			987		6,009		3.03
HELOC	111,622		111,322		128		(227		)	399		300		0.27
Consumer	53,955		51,908		1,289		423			335		2,047		3.79
Total non-acquired loans	7,213,950		6,993,713		53,221		31,302			135,714		220,237		3.05	%
Acquired loans
Single-Family Residential	15,428		15,312		$	116	—			—		116		0.75	%
Construction - Speculative	177		177		—		—			—		—		—
Construction - Custom	313		313		—		—			—		—		—
Land - Acquisition & Development	3,436		3,436		—		—			—		—		—
Land - Consumer Lot Loans	3,819		3,767		52		—			—		52		1.36
Multi-Family	7,714		7,714		—		—			—		—		—
Commercial Real Estate	177,101		176,444		657		—			—		657		0.37
Commercial & Industrial	96,255		95,258		997		—			—		997		1.04
HELOC	13,094		13,094		—		—			—		—		—
Consumer	10,046		9,946		77		5			18		100		1.00
Total acquired loans	327,383		325,461		1,899		5			18		1,922		0.59	%
Credit-impaired acquired loans
Single-Family Residential	338		338		—		—			—		—		—	%
Construction - Speculative	1,749		1,749		—		—			—		—		—
Construction - Custom	—		—		—		—			—		—		—
Land - Acquisition & Development	2,577		2,577		—		—			—		—		—
Land - Consumer Lot Loans	—		—		—		—			—		—		—
Multi-Family	—		—		—		—			—		—		—
Commercial Real Estate	79,850		75,772		1,660		292			2,126		4,078		5.11
Commercial & Industrial	2,091		2,070		21		—			—		21		1.00

HELOC	12,757		12,440		—		227		90		317		2.48
Consumer	81		81		—		—		—		—		—
Total credit-impaired acquired loans	99,443		95,027		1,681		519		2,216		4,416		4.44	%
Total loans	$	7,640,776	$	7,414,201	$	56,801	$	31,826	$	137,948	$	226,575	2.97	%

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 March 31,
	2013					2012
		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	130	$	36,059	$	36,059	312	$	68,460	$	68,460
Construction - Speculative	—	—		—		12	4,049		4,049
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		4	1,823		1,823
Land - Consumer Lot Loans	9	1,350		1,350		14	2,116		2,116
Multi-Family	—	—		—		2	1,871		1,871
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	140	$	37,609	$	37,609	344	$	78,319	$	78,319

	Six Months Ended March 31,
	2013					2012
		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	230	$	63,146	$	63,146	491	$	121,145	$	121,145
Construction - Speculative	1	2,492		2,492		23	7,428		7,428
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		26	6,173		6,173
Land - Consumer Lot Loans	18	2,761		2,761		25	3,824		3,824
Multi-Family	1	55		55		2	1,871		1,871
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	4		4
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	251	$	68,654	$	68,654	569	$	140,753	$	140,753

Schedule of Loan Modifications

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

	Quarter Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	37	$	8,579	108	$	20,419
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		5	865
Multi-Family	1	55		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	41	$	8,886	113	$	21,284

	Six Months Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	55	$	13,704	125	$	24,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		7	1,312
Multi-Family	1	55		—	—
Commercial Real Estate	1	302		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	60	$	14,313	132	$	26,095

XML

Document and Entity Information	6 Months Ended
	Mar. 31, 2013	May 03, 2013
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	WAFD
Entity Registrant Name	WASHINGTON FEDERAL INC
Entity Central Index Key	0000936528
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		104,190,859

XML

Allowance for Losses on Loans (Tables)

6 Months Ended

Mar. 31, 2013

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 March 31, 2013 and fiscal year ended September 30, 2012:

Quarter Ended March 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	77,508	$	(5,140	)	$	2,368	$	2,686		$	77,422
Construction - speculative	8,660		(68		)	146		(981		)	7,757
Construction - custom	275		—			—		(13		)	262
Land - acquisition & development	15,056		(308		)	737		(3,264		)	12,221
Land - consumer lot loans	4,963		(574		)	—		(448		)	3,941
Multi-family	5,107		(653		)	9		(191		)	4,272
Commercial real estate	2,651		(147		)	10		1,642			4,156
Commercial & industrial	8,062		(55		)	40		581			8,628
HELOC	1,044		(15		)	—		2			1,031
Consumer	3,501		(814		)	521		(14		)	3,194
	$	126,827	$	(7,774	)	$	3,831	$	—		$	122,884

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 March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	77,422	$	5,264,505	1.5	%	$	—	$	110,471	—	%
Construction - speculative	5,749		99,513		5.8		2,008		21,104		9.5
Construction - custom	262		217,036		0.1		—		—		—
Land - acquisition & development	7,331		66,863		11.0		4,890		26,633		18.4
Land - consumer lot loans	3,630		115,399		3.1		311		14,657		2.1
Multi-family	2,892		714,430		0.4		1,380		10,892		12.7
Commercial real estate	3,900		370,717		1.1		256		14,870		1.7
Commercial & industrial	8,628		190,472		4.5		—		126		—
HELOC	1,031		110,570		0.9		—		1,052		—
Consumer	3,194		53,955		5.9		—		—		—
	$	114,039	$	7,203,460	1.6		$	8,845	$	199,805	4.4

 ___________________

(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 March 31, 2013 and September 30, 2012:

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

March 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,210,626		$	1,742		$	162,609		$	—		$	—		$	5,374,977
Construction - speculative	94,497			362			25,758			—			—			120,617
Construction - custom	217,036			—			—			—			—			217,036
Land - acquisition & development	64,282			840			28,374			—			—			93,496
Land - consumer lot loans	129,175			123			758			—			—			130,056
Multi-family	707,869			1,886			15,567			—			—			725,322
Commercial real estate	341,175			13,016			31,396			—			—			385,587
Commercial & industrial	186,296			1,391			2,702			—			209			190,598
HELOC	111,622			—			—			—			—			111,622
Consumer	53,359			411			186			—			—			53,956
	7,115,937			19,771			267,350			—			209			7,403,267
Acquired loans
Single-family residential	15,428			—			—			—			—			15,428
Construction - speculative	—			—			177			—			—			177
Construction - custom	313			—			—			—			—			313
Land - acquisition & development	2,198			—			1,238			—			—			3,436
Land - consumer lot loans	3,800			—			19			—			—			3,819
Multi-family	3,349			—			4,365			—			—			7,714
Commercial real estate	137,416			4,832			34,853			—			—			177,101
Commercial & industrial	80,507			1,379			14,115			254			—			96,255
HELOC	13,094			—			—			—			—			13,094
Consumer	10,046			—			—			—			—			10,046
	266,151			6,211			54,767			254			—			327,383
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,513			484			2,330			—			—			4,327
Pool 2 - Single-family residential	338			—			—			—			—			338
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,838			—			—			—			—			12,838
Pool 5 - Commercial real estate	52,254			1,014			25,651			949			—			79,868
Pool 6 - Commercial & industrial	1,018			195			499			379			—			2,091
Total credit impaired acquired loans	67,961			1,693			28,480			1,328			—			99,462
Total gross loans	$	7,450,049		$	27,675		$	350,597		$	1,582		$	209		$	7,830,112
Total grade as a % of total gross loans	95.1		%	0.4		%	4.5		%	—		%	—		%

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):

March 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,266,407	98.0	%	$	108,570	2.0	%
Construction - speculative	111,146		92.1		9,471		7.9
Construction - custom	216,997		100.0		39		—
Land - acquisition & development	79,178		84.7		14,318		15.3
Land - consumer lot loans	126,032		96.9		4,024		3.1
Multi-family	717,415		98.9		7,907		1.1
Commercial real estate	368,629		95.6		16,958		4.4
Commercial & industrial	189,611		99.5		987		0.5
HELOC	111,133		99.6		489		0.4
Consumer	53,603		99.3		353		0.7
	$	7,240,151	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 March 31, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	30,319		$	—		$	2,827		$	—		$	—		$	33,146
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,056			1,289			5,837			—			—			10,182
Land - consumer lot loans	440			—			—			—			—			440
Multi-family	23,286			—			1,224			—			—			24,510
Commercial real estate	59,863			9,725			30,140			—			—			99,728
Commercial & industrial	6,527			500			3,996			—			—			11,023
HELOC	15,315			—			—			—			—			15,315
Consumer	680			—			—			—			—			680
	139,588			11,514			44,024			—			—			195,126
Total grade as a % of total net loans	71.5		%	5.9		%	22.6		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	11,674			4,298			36,623			—			—			52,595
Pool 2 - Single-family residential	24,290			—			1,045			—			—			25,335
Pool 3 - Multi-family	1,251			—			4,549			—			—			5,800
Pool 4 - HELOC & other consumer	4,096			—			3,531			—			—			7,627
Pool 5 - Commercial real estate	34,518			16,691			76,158			—			—			127,367
Pool 6 - Commercial & industrial	8,173			499			12,731			280			—			21,683
	$	84,002		$	21,488		$	134,637		$	280		$	—		240,407
													Total covered loans			435,533
													Discount			(80,018		)
													Allowance			—
													Covered loans, net			$	355,515

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 loan balances and the related allowances by loan types as of March 31, 2013 and September 30, 2012:

								Average Recorded Investment
March 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	(In thousands)
With no related allowance recorded:
Single-family residential	$	41,125	$	48,331	$	—		$	34,045	$	32,492
Construction - speculative	4,377		5,217		—			4,135		4,066
Construction - custom	120		120		—			60		40
Land - acquisition & development	10,026		21,395		—			9,855		10,099
Land - consumer lot loans	3,000		3,246		—			2,498		2,325
Multi-family	5,498		5,498		—			3,218		2,460
Commercial real estate	15,616		16,956		—			12,968		11,244
Commercial & industrial	1,629		6,938		—			1,153		1,077
HELOC	157		172		—			165		167
Consumer	18		31		—			9		9
	81,566		107,904		—			68,106		63,979
With an allowance recorded:
Single-family residential	357,645		365,192		18,392			349,958		347,976
Construction - speculative	16,903		17,748		2,008			17,325		17,683
Construction - custom	—		—		—			—		—
Land - acquisition & development	17,763		20,424		4,890			19,028		20,195
Land - consumer lot loans	13,306		13,452		311			13,217		13,199
Multi-family	11,053		11,769		1,380			12,079		12,478
Commercial real estate	7,455		7,455		256			7,475		7,494
Commercial & industrial	—		—		—			—		—
HELOC	940		940		—			841		805
Consumer	—		—		—			—		—
	425,065		436,980		27,237		(1)	419,923		419,830
Total:
Single-family residential	398,770		413,523		18,392			384,003		380,468
Construction - speculative	21,280		22,965		2,008			21,460		21,749
Construction - custom	120		120		—			60		40
Land - acquisition & development	27,789		41,819		4,890			28,883		30,294
Land - consumer lot loans	16,306		16,698		311			15,715		15,524
Multi-family	16,551		17,267		1,380			15,297		14,938
Commercial real estate	23,071		24,411		256			20,443		18,738
Commercial & industrial	1,629		$	6,938	—			1,153		1,077
HELOC	1,097		1,112		—			1,006		972
Consumer	18		31		—			9		9
	$	506,631	$	544,884	$	27,237	(1)	$	488,029	$	483,809

____________________ 

(1)Includes $8,845,000 of specific reserves and $18,392,000 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.

XML

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
INTEREST INCOME
Loans	$ 112,879	$ 123,772	$ 229,722	$ 251,251
Mortgage-backed securities	10,642	28,682	22,374	54,978
Investment securities and cash equivalents	2,984	2,127	5,717	4,278
Investment Income, Interest and Dividend	126,505	154,581	257,813	310,507
INTEREST EXPENSE
Customer accounts	16,695	22,016	35,466	45,965
FHLB advances and other borrowings	16,787	27,963	33,890	56,226
Interest Expense	33,482	49,979	69,356	102,191
Net interest income	93,023	104,602	188,457	208,316
Provision for loan losses	0	18,000	3,600	29,210
Net interest income after provision for loan losses	93,023	86,602	184,857	179,106
OTHER INCOME
Gain on sale of investments	0	0	0	0
Other	6,046	5,028	11,003	9,674
Noninterest Income	6,046	5,028	11,003	9,674
OTHER EXPENSE
Compensation and benefits	23,077	20,185	44,149	38,860
Occupancy	4,825	4,094	9,272	8,025
FDIC insurance premiums	3,107	4,350	6,450	8,543
Other	10,155	8,183	19,591	15,749
Noninterest Expense	41,164	36,812	79,462	71,177
Loss on real estate acquired through foreclosure, net	(4,003)	(1,582)	(7,322)	(12,151)
Income before income taxes	53,902	53,236	109,076	105,452
Income tax provision	17,924	19,165	37,816	37,963
NET INCOME	$ 35,978	$ 34,071	$ 71,260	$ 67,489
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.34	$ 0.32	$ 0.67	$ 0.63
Diluted earnings (in dollars per share)	$ 0.34	$ 0.32	$ 0.67	$ 0.63
Cash dividends per share (in dollars per share)	$ 0.09	$ 0.08	$ 0.17	$ 0.16
Basic weighted average number of shares outstanding (in shares)	105,206,491	107,198,829	105,606,688	107,523,686
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	105,258,240	107,237,972	105,655,770	107,549,396

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New Accounting Pronouncements

6 Months Ended

Mar. 31, 2013

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In January 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The main objective of this Update is to address implementation issues about the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The guidance in this ASU is effective for the first interim or annual period beginning on or after January 1, 2013 and should be applied retrospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The objective of this Update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements; rather, they require the entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. The guidance in this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012, and should be applied prospectively. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

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Allowance for Losses on Loans

6 Months Ended

Mar. 31, 2013

Allowance for Losses on Loans [Abstract]

Allowance for Losses on Loans

Allowance for Losses on Loans

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

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

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

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

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

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

The following table summarizes the activity in the allowance for loan losses for the quarter ended March 31, 2013 and fiscal year ended September 30, 2012:

Quarter Ended March 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	77,508	$	(5,140	)	$	2,368	$	2,686		$	77,422
Construction - speculative	8,660		(68		)	146		(981		)	7,757
Construction - custom	275		—			—		(13		)	262
Land - acquisition & development	15,056		(308		)	737		(3,264		)	12,221
Land - consumer lot loans	4,963		(574		)	—		(448		)	3,941
Multi-family	5,107		(653		)	9		(191		)	4,272
Commercial real estate	2,651		(147		)	10		1,642			4,156
Commercial & industrial	8,062		(55		)	40		581			8,628
HELOC	1,044		(15		)	—		2			1,031
Consumer	3,501		(814		)	521		(14		)	3,194
	$	126,827	$	(7,774	)	$	3,831	$	—		$	122,884

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 $0 provision for loan losses during the quarter ended March 31, 2013, while an $18,000,000 provision was recorded for the same quarter one year ago. Non-performing assets (“NPAs”) amounted to $246,075,000, or 1.88%, of total assets at March 31, 2013, compared to $286,248,000, or 2.11%, 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 March 31, 2013 as the associated discount is adequate to absorb potential losses. Non-accrual loans decreased from $166,153,000 at March 31, 2012, to $149,033,000 at March 31, 2013, a 10.3% decrease. The Company had net charge-offs of $3,943,000 for the quarter ended March 31, 2013, compared with $28,721,000 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. $114,039,000 of the allowance was calculated under our general allowance methodology and the remaining $8,845,000 was made up of specific reserves on loans that were deemed to be impaired at March 31, 2013. For the period ending March 31, 2012, $114,039,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $29,781,000 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 March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	77,422	$	5,264,505	1.5	%	$	—	$	110,471	—	%
Construction - speculative	5,749		99,513		5.8		2,008		21,104		9.5
Construction - custom	262		217,036		0.1		—		—		—
Land - acquisition & development	7,331		66,863		11.0		4,890		26,633		18.4
Land - consumer lot loans	3,630		115,399		3.1		311		14,657		2.1
Multi-family	2,892		714,430		0.4		1,380		10,892		12.7
Commercial real estate	3,900		370,717		1.1		256		14,870		1.7
Commercial & industrial	8,628		190,472		4.5		—		126		—
HELOC	1,031		110,570		0.9		—		1,052		—
Consumer	3,194		53,955		5.9		—		—		—
	$	114,039	$	7,203,460	1.6		$	8,845	$	199,805	4.4

 ___________________

(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 March 31, 2013 and September 30, 2012:

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

March 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,210,626		$	1,742		$	162,609		$	—		$	—		$	5,374,977
Construction - speculative	94,497			362			25,758			—			—			120,617
Construction - custom	217,036			—			—			—			—			217,036
Land - acquisition & development	64,282			840			28,374			—			—			93,496
Land - consumer lot loans	129,175			123			758			—			—			130,056
Multi-family	707,869			1,886			15,567			—			—			725,322
Commercial real estate	341,175			13,016			31,396			—			—			385,587
Commercial & industrial	186,296			1,391			2,702			—			209			190,598
HELOC	111,622			—			—			—			—			111,622
Consumer	53,359			411			186			—			—			53,956
	7,115,937			19,771			267,350			—			209			7,403,267
Acquired loans
Single-family residential	15,428			—			—			—			—			15,428
Construction - speculative	—			—			177			—			—			177
Construction - custom	313			—			—			—			—			313
Land - acquisition & development	2,198			—			1,238			—			—			3,436
Land - consumer lot loans	3,800			—			19			—			—			3,819
Multi-family	3,349			—			4,365			—			—			7,714
Commercial real estate	137,416			4,832			34,853			—			—			177,101
Commercial & industrial	80,507			1,379			14,115			254			—			96,255
HELOC	13,094			—			—			—			—			13,094
Consumer	10,046			—			—			—			—			10,046
	266,151			6,211			54,767			254			—			327,383
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,513			484			2,330			—			—			4,327
Pool 2 - Single-family residential	338			—			—			—			—			338
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,838			—			—			—			—			12,838
Pool 5 - Commercial real estate	52,254			1,014			25,651			949			—			79,868
Pool 6 - Commercial & industrial	1,018			195			499			379			—			2,091
Total credit impaired acquired loans	67,961			1,693			28,480			1,328			—			99,462
Total gross loans	$	7,450,049		$	27,675		$	350,597		$	1,582		$	209		$	7,830,112
Total grade as a % of total gross loans	95.1		%	0.4		%	4.5		%	—		%	—		%

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):

March 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,266,407	98.0	%	$	108,570	2.0	%
Construction - speculative	111,146		92.1		9,471		7.9
Construction - custom	216,997		100.0		39		—
Land - acquisition & development	79,178		84.7		14,318		15.3
Land - consumer lot loans	126,032		96.9		4,024		3.1
Multi-family	717,415		98.9		7,907		1.1
Commercial real estate	368,629		95.6		16,958		4.4
Commercial & industrial	189,611		99.5		987		0.5
HELOC	111,133		99.6		489		0.4
Consumer	53,603		99.3		353		0.7
	$	7,240,151	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 loan balances and the related allowances by loan types as of March 31, 2013 and September 30, 2012:

								Average Recorded Investment
March 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	(In thousands)
With no related allowance recorded:
Single-family residential	$	41,125	$	48,331	$	—		$	34,045	$	32,492
Construction - speculative	4,377		5,217		—			4,135		4,066
Construction - custom	120		120		—			60		40
Land - acquisition & development	10,026		21,395		—			9,855		10,099
Land - consumer lot loans	3,000		3,246		—			2,498		2,325
Multi-family	5,498		5,498		—			3,218		2,460
Commercial real estate	15,616		16,956		—			12,968		11,244
Commercial & industrial	1,629		6,938		—			1,153		1,077
HELOC	157		172		—			165		167
Consumer	18		31		—			9		9
	81,566		107,904		—			68,106		63,979
With an allowance recorded:
Single-family residential	357,645		365,192		18,392			349,958		347,976
Construction - speculative	16,903		17,748		2,008			17,325		17,683
Construction - custom	—		—		—			—		—
Land - acquisition & development	17,763		20,424		4,890			19,028		20,195
Land - consumer lot loans	13,306		13,452		311			13,217		13,199
Multi-family	11,053		11,769		1,380			12,079		12,478
Commercial real estate	7,455		7,455		256			7,475		7,494
Commercial & industrial	—		—		—			—		—
HELOC	940		940		—			841		805
Consumer	—		—		—			—		—
	425,065		436,980		27,237		(1)	419,923		419,830
Total:
Single-family residential	398,770		413,523		18,392			384,003		380,468
Construction - speculative	21,280		22,965		2,008			21,460		21,749
Construction - custom	120		120		—			60		40
Land - acquisition & development	27,789		41,819		4,890			28,883		30,294
Land - consumer lot loans	16,306		16,698		311			15,715		15,524
Multi-family	16,551		17,267		1,380			15,297		14,938
Commercial real estate	23,071		24,411		256			20,443		18,738
Commercial & industrial	1,629		$	6,938	—			1,153		1,077
HELOC	1,097		1,112		—			1,006		972
Consumer	18		31		—			9		9
	$	506,631	$	544,884	$	27,237	(1)	$	488,029	$	483,809

____________________ 

(1)Includes $8,845,000 of specific reserves and $18,392,000 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	43,679
FHLB stock	5,211
Loans receivable, net	360,719
Covered loans receivable, net	107,946
FDIC indemnification asset	16,596
Property and equipment, net	24,259
Core deposit intangible	1,433
Real estate held for sale	9,794
Covered real estate held for sale	5,224
Goodwill	7,107
Other assets	25,225
Total Assets	819,904
Liabilities:
Customer accounts	737,395
FHLB advances	22,471
Other liabilities	16,143
Total Liabilities	776,009
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)

6 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Fair Value of Assets Measured on Recurring Basis

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2013:

	Fair Value at March 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	531	$	—	$	531
Obligations of U.S. government	—		489,523		—		489,523
Obligations of states and political subdivisions	—		24,803		—		24,803
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		404,112		—		404,112
Mortgage-backed securities					—
Agency pass-through certificates	—		1,103,699		—		1,103,699
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,022,668	$	—	$	2,022,668

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 six months ended March 31, 2013, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2013. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2013								Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	45,966	$	45,966	$	1,225	$	11,038
Covered REO (2)	—		—		13,988		13,988		281		372
Real estate held for sale (2)	—		—		54,069		54,069		6,488		14,024
Balance at end of period	$	—	$	—	$	114,023	$	114,023	$	7,994	$	25,434

 ___________________

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

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

Fair Value of Financial Instruments by Balance Sheet Grouping

Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

		March 31, 2013				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	$	782,059	$	782,059	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		531		531		—		—
Obligations of U.S. government		489,523		489,523		183,560		183,560
Obligations of states and political subdivisions		24,803		24,803		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		404,112		404,112		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,103,699		1,103,699		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,022,668		2,022,668		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		1,469,983		1,469,229		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,469,983		1,469,229		1,191,487		1,217,223
Loans receivable	3	7,444,216		8,059,053		7,451,998		7,949,892
Covered loans	3	355,515		365,138		288,376		289,754
FDIC indemnification asset	3	80,391		78,108		87,571		85,846
FHLB stock	2	152,038		152,038		149,840		149,840
Financial liabilities
Customer accounts	2	9,152,225		8,861,670		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,930,000		2,145,399		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:

	March 31, 2013
	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	$	16,952	$	31	$	(29	)	$	16,954	0.45	%
1 to 5 years	58,000		2,576		—			60,576		1.55
5 to 10 years	83,300		1,664		—			84,964		1.36
Over 10 years	327,404		156		—			327,560		0.90
Corporate bonds due
Within 1 year	19,500		11		—			19,511		0.49
1 to 5 years	317,044		4,078		—			321,122		0.84
5 to 10 years	62,962		998		(481		)	63,479		2.02
Municipal bonds due
Over 10 years	20,430		4,373		—			24,803		6.45
Mortgage-backed securities
Agency pass-through certificates	1,098,266		6,421		(988		)	1,103,699		1.99
	2,003,858		20,308		(1,498		)	2,022,668		1.61
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	1,469,983		3,302		(4,056		)	1,469,229		3.04
	1,469,983		3,302		(4,056		)	1,469,229		3.04
	$	3,473,841	$	23,610	$	(5,554	)	$	3,491,897	2.22	%

	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 March 31, 2013, 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	$	—		$	—	$	(481	)	$	9,519	$	(481	)	$	9,519
U.S. government and agency securities due	(29		)	16,423		—			—		(29		)	16,423
Agency pass-through certificates	(4,239		)	943,909		(805		)	175,871		(5,044		)	1,119,780
	(4,268		)	$	960,332	$	(1,286	)	$	185,390	(5,554		)	$	1,145,722

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2013

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

6 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements

Fair Value Measurements

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

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

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

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

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

Measured on a Recurring Basis

Securities

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

The following table presents the balance of assets measured at fair value on a recurring basis at March 31, 2013:

	Fair Value at March 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	—	$	531	$	—	$	531
Obligations of U.S. government	—		489,523		—		489,523
Obligations of states and political subdivisions	—		24,803		—		24,803
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		404,112		—		404,112
Mortgage-backed securities					—
Agency pass-through certificates	—		1,103,699		—		1,103,699
Other debt securities	—		—		—		—
Balance at end of period	$	—	$	2,022,668	$	—	$	2,022,668

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended March 31, 2013.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at March 31, 2013 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 six months ended March 31, 2013, and the total losses resulting from those fair value adjustments for the quarter and six months ended March 31, 2013. The following estimated fair values are shown gross of estimated selling costs:

	Through March 31, 2013								Quarter Ended March 31, 2013		Six Months Ended March 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	45,966	$	45,966	$	1,225	$	11,038
Covered REO (2)	—		—		13,988		13,988		281		372
Real estate held for sale (2)	—		—		54,069		54,069		6,488		14,024
Balance at end of period	$	—	$	—	$	114,023	$	114,023	$	7,994	$	25,434

 ___________________

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

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

There were no liabilities carried at fair value, measured on a recurring or nonrecurring basis, at March 31, 2013.

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

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

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

		March 31, 2013				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	$	782,059	$	782,059	$	751,430	$	751,430
Available-for-sale securities	2
Equity securities		531		531		—		—
Obligations of U.S. government		489,523		489,523		183,560		183,560
Obligations of states and political subdivisions		24,803		24,803		24,844		24,844
Obligations of foreign governments		—		—		—		—
Corporate debt securities		404,112		404,112		403,325		403,325
Mortgage-backed securities
Agency pass-through certificates		1,103,699		1,103,699		1,169,976		1,169,976
Other debt securities		—		—		—		—
Total available-for-sale securities		2,022,668		2,022,668		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		1,469,983		1,469,229		1,190,692		1,216,421
Other debt securities		—		—		—		—
Total held-to-maturity securities		1,469,983		1,469,229		1,191,487		1,217,223
Loans receivable	3	7,444,216		8,059,053		7,451,998		7,949,892
Covered loans	3	355,515		365,138		288,376		289,754
FDIC indemnification asset	3	80,391		78,108		87,571		85,846
FHLB stock	2	152,038		152,038		149,840		149,840
Financial liabilities
Customer accounts	2	9,152,225		8,861,670		8,576,618		8,406,432
FHLB advances and other borrowings	2	1,930,000		2,145,399		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:

	March 31, 2013
	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	$	16,952	$	31	$	(29	)	$	16,954	0.45	%
1 to 5 years	58,000		2,576		—			60,576		1.55
5 to 10 years	83,300		1,664		—			84,964		1.36
Over 10 years	327,404		156		—			327,560		0.90
Corporate bonds due
Within 1 year	19,500		11		—			19,511		0.49
1 to 5 years	317,044		4,078		—			321,122		0.84
5 to 10 years	62,962		998		(481		)	63,479		2.02
Municipal bonds due
Over 10 years	20,430		4,373		—			24,803		6.45
Mortgage-backed securities
Agency pass-through certificates	1,098,266		6,421		(988		)	1,103,699		1.99
	2,003,858		20,308		(1,498		)	2,022,668		1.61
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	1,469,983		3,302		(4,056		)	1,469,229		3.04
	1,469,983		3,302		(4,056		)	1,469,229		3.04
	$	3,473,841	$	23,610	$	(5,554	)	$	3,491,897	2.22	%

	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 March 31, 2013, $43,199,000 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 March 31, 2012, 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 March 31, 2013, 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	$	—		$	—	$	(481	)	$	9,519	$	(481	)	$	9,519
U.S. government and agency securities due	(29		)	16,423		—			—		(29		)	16,423
Agency pass-through certificates	(4,239		)	943,909		(805		)	175,871		(5,044		)	1,119,780
	(4,268		)	$	960,332	$	(1,286	)	$	185,390	(5,554		)	$	1,145,722

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Covered Assets

6 Months Ended

Mar. 31, 2013

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 $387,789,000 as of March 31, 2013, 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 year to date period ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	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)	43,299			107,946			—			—
Accretion	(18,463		)	18,463			(3,543		)	3,543
Transfers to REO	—			(7,403		)	—			—
Payments received, net	—			(21,828		)	—			(33,582		)
Balance at end of period	$	75,738		$	172,131		$	20,246		$	183,384
(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 March 31, 2013, none of the acquired impaired or non-impaired loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired loans was $435,533,000 and $373,455,000 as of March 31, 2013 and September 30, 2012, respectively. The discount balance related to the acquired loans was $80,018,000 and $85,079,000 as of March 31, 2013 and September 30, 2012, respectively.

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

	March 31, 2013			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,373			3,284
Payments made (received)	(11,668		)	(3,456		)
Amortization	(13,451		)	(15,510		)
Accretion	566			1,619
Balance at end of period	$	80,391		$	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 March 31, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	30,319		$	—		$	2,827		$	—		$	—		$	33,146
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,056			1,289			5,837			—			—			10,182
Land - consumer lot loans	440			—			—			—			—			440
Multi-family	23,286			—			1,224			—			—			24,510
Commercial real estate	59,863			9,725			30,140			—			—			99,728
Commercial & industrial	6,527			500			3,996			—			—			11,023
HELOC	15,315			—			—			—			—			15,315
Consumer	680			—			—			—			—			680
	139,588			11,514			44,024			—			—			195,126
Total grade as a % of total net loans	71.5		%	5.9		%	22.6		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	11,674			4,298			36,623			—			—			52,595
Pool 2 - Single-family residential	24,290			—			1,045			—			—			25,335
Pool 3 - Multi-family	1,251			—			4,549			—			—			5,800
Pool 4 - HELOC & other consumer	4,096			—			3,531			—			—			7,627
Pool 5 - Commercial real estate	34,518			16,691			76,158			—			—			127,367
Pool 6 - Commercial & industrial	8,173			499			12,731			280			—			21,683
	$	84,002		$	21,488		$	134,637		$	280		$	—		240,407
													Total covered loans			435,533
													Discount			(80,018		)
													Allowance			—
													Covered loans, net			$	355,515

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 March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	33,146	$	32,414	$	148	$	—	$	584	$	732	2.21	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,182		10,145		—		—		37		37		0.36
Land - Consumer Lot Loans	440		342		—		—		98		98		22.27
Multi-Family	24,510		24,310		—		—		200		200		0.82
Commercial Real Estate	99,728		95,069		2,651		—		2,008		4,659		4.67
Commercial & Industrial	11,023		7,608		—		—		3,415		3,415		30.98
HELOC	15,315		15,080		59		—		176		235		1.53
Consumer	680		680		—		—		—		—		—
	$	195,126	$	185,750	$	2,858	$	—	$	6,518	$	9,376	4.81	%

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)

6 Months Ended

Mar. 31, 2013

Business Combinations [Abstract]

Schedule of Net Liabilities Acquired

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed:

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	212,711
Available for sale securities	43,679
FHLB stock	5,211
Loans receivable, net	360,719
Covered loans receivable, net	107,946
FDIC indemnification asset	16,596
Property and equipment, net	24,259
Core deposit intangible	1,433
Real estate held for sale	9,794
Covered real estate held for sale	5,224
Goodwill	7,107
Other assets	25,225
Total Assets	819,904
Liabilities:
Customer accounts	737,395
FHLB advances	22,471
Other liabilities	16,143
Total Liabilities	776,009
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		6 Months Ended		12 Months Ended
	Mar. 31, 2013		Mar. 31, 2013		Sep. 30, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 506,631		$ 506,631		$ 565,553
Unpaid Principal Balance	544,884		544,884		617,765
Related Allowance	27,237	[1]	27,237	[1]	41,628	[2]
Average Recorded Investment	488,029		483,809		471,396
Amount of related allowance included in specific reserves	8,845		8,845		15,983
Amount of related allowance included in general reserves	18,392		18,392		25,645
Single-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	398,770		398,770		424,856
Unpaid Principal Balance	413,523		413,523		442,243
Related Allowance	18,392		18,392		25,723
Average Recorded Investment	384,003		380,468		354,874
Construction - Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	21,280		21,280		26,562
Unpaid Principal Balance	22,965		22,965		29,404
Related Allowance	2,008		2,008		2,981
Average Recorded Investment	21,460		21,749		26,403
Construction - Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	120		120		0
Unpaid Principal Balance	120		120		0
Related Allowance	0		0		0
Average Recorded Investment	60		40		0
Land - Acquisition & Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	27,789		27,789		38,750
Unpaid Principal Balance	41,819		41,819		50,959
Related Allowance	4,890		4,890		8,901
Average Recorded Investment	28,883		30,294		38,067
Land - Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,306		16,306		15,558
Unpaid Principal Balance	16,698		16,698		16,066
Related Allowance	311		311		761
Average Recorded Investment	15,715		15,524		13,613
Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,551		16,551		22,945
Unpaid Principal Balance	17,267		17,267		23,546
Related Allowance	1,380		1,380		2,462
Average Recorded Investment	15,297		14,938		21,214
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	23,071		23,071		34,912
Unpaid Principal Balance	24,411		24,411		46,378
Related Allowance	256		256		798
Average Recorded Investment	20,443		18,738		15,843
Commercial & Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,629		1,629		1,146
Unpaid Principal Balance	6,938		6,938		7,365
Related Allowance	0		0		2
Average Recorded Investment	1,153		1,077		603
HELOC [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,097		1,097		824
Unpaid Principal Balance	1,112		1,112		1,800
Related Allowance	0		0		0
Average Recorded Investment	1,006		972		779
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	18		18		0
Unpaid Principal Balance	31		31		4
Related Allowance	0		0		0
Average Recorded Investment	9		9		0
Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	81,566		81,566		181,576
Unpaid Principal Balance	107,904		107,904		233,384
Related Allowance	0		0		0
Average Recorded Investment	68,106		63,979		100,507
Financing Receivable, Impairment, No Related Allowance [Member] | Single-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	41,125		41,125		106,955
Unpaid Principal Balance	48,331		48,331		124,342
Related Allowance	0		0		0
Average Recorded Investment	34,045		32,492		49,524
Financing Receivable, Impairment, No Related Allowance [Member] | Construction - Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,377		4,377		13,726
Unpaid Principal Balance	5,217		5,217		16,568
Related Allowance	0		0		0
Average Recorded Investment	4,135		4,066		13,581
Financing Receivable, Impairment, No Related Allowance [Member] | Construction - Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	120		120		0
Unpaid Principal Balance	120		120		0
Related Allowance	0		0		0
Average Recorded Investment	60		40		0
Financing Receivable, Impairment, No Related Allowance [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	10,026		10,026		18,000
Unpaid Principal Balance	21,395		21,395		30,209
Related Allowance	0		0		0
Average Recorded Investment	9,855		10,099		16,417
Financing Receivable, Impairment, No Related Allowance [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,000		3,000		1,677
Unpaid Principal Balance	3,246		3,246		2,185
Related Allowance	0		0		0
Average Recorded Investment	2,498		2,325		487
Financing Receivable, Impairment, No Related Allowance [Member] | Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,498		5,498		8,792
Unpaid Principal Balance	5,498		5,498		8,991
Related Allowance	0		0		0
Average Recorded Investment	3,218		2,460		6,935
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	15,616		15,616		31,190
Unpaid Principal Balance	16,956		16,956		42,656
Related Allowance	0		0		0
Average Recorded Investment	12,968		11,244		12,946
Financing Receivable, Impairment, No Related Allowance [Member] | Commercial & Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,629		1,629		1,146
Unpaid Principal Balance	6,938		6,938		7,363
Related Allowance	0		0		0
Average Recorded Investment	1,153		1,077		581
Financing Receivable, Impairment, No Related Allowance [Member] | HELOC [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	157		157		90
Unpaid Principal Balance	172		172		1,066
Related Allowance	0		0		0
Average Recorded Investment	165		167		36
Financing Receivable, Impairment, No Related Allowance [Member] | Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	18		18		0
Unpaid Principal Balance	31		31		4
Related Allowance	0		0		0
Average Recorded Investment	9		9		0
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	425,065		425,065		383,977
Unpaid Principal Balance	436,980		436,980		384,381
Related Allowance	27,237	[1]	27,237	[1]	41,628	[2]
Average Recorded Investment	419,923		419,830		370,889
Financing Receivable, Impairment, Allowance Recorded [Member] | Single-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	357,645		357,645		317,901
Unpaid Principal Balance	365,192		365,192		317,901
Related Allowance	18,392		18,392		25,723
Average Recorded Investment	349,958		347,976		305,350
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction - Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,903		16,903		12,836
Unpaid Principal Balance	17,748		17,748		12,836
Related Allowance	2,008		2,008		2,981
Average Recorded Investment	17,325		17,683		12,822
Financing Receivable, Impairment, Allowance Recorded [Member] | Construction - Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0		0		0
Financing Receivable, Impairment, Allowance Recorded [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	17,763		17,763		20,750
Unpaid Principal Balance	20,424		20,424		20,750
Related Allowance	4,890		4,890		8,901
Average Recorded Investment	19,028		20,195		21,650
Financing Receivable, Impairment, Allowance Recorded [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	13,306		13,306		13,881
Unpaid Principal Balance	13,452		13,452		13,881
Related Allowance	311		311		761
Average Recorded Investment	13,217		13,199		13,126
Financing Receivable, Impairment, Allowance Recorded [Member] | Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,053		11,053		14,153
Unpaid Principal Balance	11,769		11,769		14,555
Related Allowance	1,380		1,380		2,462
Average Recorded Investment	12,079		12,478		14,279
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	7,455		7,455		3,722
Unpaid Principal Balance	7,455		7,455		3,722
Related Allowance	256		256		798
Average Recorded Investment	7,475		7,494		2,897
Financing Receivable, Impairment, Allowance Recorded [Member] | Commercial & Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		2
Related Allowance	0		0		2
Average Recorded Investment	0		0		22
Financing Receivable, Impairment, Allowance Recorded [Member] | HELOC [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	940		940		734
Unpaid Principal Balance	940		940		734
Related Allowance	0		0		0
Average Recorded Investment	841		805		743
Financing Receivable, Impairment, Allowance Recorded [Member] | Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	$ 0		$ 0		$ 0

[1] Includes $8,845,000 of specific reserves and $18,392,000 included in the general reserves.

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

XML

Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 189,336	$ 213,286
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 259,266

XML

Loans Receivable (excluding Covered Loans) (Schedule of Changes in the Accretable Yield for Acquired Loans) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended	3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended
	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2013 Credit Impaired Acquired Loans [Member]		Sep. 30, 2012 Credit Impaired Acquired Loans [Member]		Mar. 31, 2013 Acquired Non-Impaired Loans [Member]		Sep. 30, 2012 Acquired Non-Impaired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, AccretableYield			$ 16,928		$ 0		$ 0		$ 0
Balance at beginning of period, Carrying Amount of Loans			77,613		0		0		0
Reclassification from nonaccretable balance, net, AccretableYield			30,026	[1]
Additions, AccretableYield			0	[1]	21,384	[2]	10,804	[1]	0	[2]
Additions, Carrying Amount of Loans			0	[1]	93,691	[2]	360,719	[1]	0	[2]
Accretion, AccretableYield			(4,278)		(4,456)		(658)		0
Accretion, Carrying Amount of Loans	566	1,619	4,278		4,456		658		0
Transfers to REO, AccretableYield			0		0		0		0
Transfers to REO, Carrying Amount of Loans			(3,120)		(2,616)		(2,681)		0
Payments received, net, AccretableYield			0		0		0		0
Payments received, net, Carrying Amount of Loans			(11,233)		(17,918)		(39,752)		0
Balance at end of period, AccretableYield			42,676		16,928		10,146		0
Balance at end of period, Carrying Amount of Loans			$ 67,538		$ 77,613		$ 318,944		$ 0

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

[2] includes acquired impaired loans which were acquired as part of the WNB acquisition.

XML

Covered Assets (Aging Analysis of Non-Credit Impaired Loans) (Details) (Acquired Non Impaired Assets [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	$ 195,126	$ 228,843
Loans and Leases Receivable, Covered Loans, Current	185,750	212,210
Loans and Leases Receivable, Covered Loans, 30 Days	2,858	2,189
Loans and Leases Receivable, Covered Loans, 60 Days	0	4,567
Loans and Leases Receivable, Covered Assets, 90 Days	6,518	9,877
Loans and Leases Receivable, Covered Assets, Past Due	9,376	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	4.81%	7.27%
Single Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	33,146	35,676
Loans and Leases Receivable, Covered Loans, Current	32,414	32,601
Loans and Leases Receivable, Covered Loans, 30 Days	148	2,075
Loans and Leases Receivable, Covered Loans, 60 Days	0	0
Loans and Leases Receivable, Covered Assets, 90 Days	584	1,000
Loans and Leases Receivable, Covered Assets, Past Due	732	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	2.21%	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 & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	10,182	11,430
Loans and Leases Receivable, Covered Loans, Current	10,145	9,922
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	37	1,508
Loans and Leases Receivable, Covered Assets, Past Due	37	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	0.36%	13.19%
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	440	498
Loans and Leases Receivable, Covered Loans, Current	342	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	22.27%	22.69%
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	24,510	27,645
Loans and Leases Receivable, Covered Loans, Current	24,310	26,137
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	200	1,508
Loans and Leases Receivable, Covered Assets, Past Due	200	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	0.82%	5.45%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	99,728	121,592
Loans and Leases Receivable, Covered Loans, Current	95,069	115,206
Loans and Leases Receivable, Covered Loans, 30 Days	2,651	17
Loans and Leases Receivable, Covered Loans, 60 Days	0	4,447
Loans and Leases Receivable, Covered Assets, 90 Days	2,008	1,922
Loans and Leases Receivable, Covered Assets, Past Due	4,659	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	4.67%	5.25%
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	11,023	13,023
Loans and Leases Receivable, Covered Loans, Current	7,608	9,513
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	69
Loans and Leases Receivable, Covered Assets, 90 Days	3,415	3,441
Loans and Leases Receivable, Covered Assets, Past Due	3,415	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	30.98%	26.95%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	15,315	17,971
Loans and Leases Receivable, Covered Loans, Current	15,080	17,440
Loans and Leases Receivable, Covered Loans, 30 Days	59	97
Loans and Leases Receivable, Covered Loans, 60 Days	0	50
Loans and Leases Receivable, Covered Assets, 90 Days	176	384
Loans and Leases Receivable, Covered Assets, Past Due	235	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	1.53%	2.95%
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding principal balance of acquired loans	680	918
Loans and Leases Receivable, Covered Loans, Current	680	916
Loans and Leases Receivable, Covered Loans, 30 Days	0	0
Loans and Leases Receivable, Covered Loans, 60 Days	0	1
Loans and Leases Receivable, Covered Assets, 90 Days	0	1
Loans and Leases Receivable, Covered Assets, Past Due	$ 0	$ 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	0.00%	2.20%

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012
Net income	$ 35,978	$ 34,071	$ 71,260	$ 67,489
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sales securities	408	(30,060)	(2,228)	(32,579)
Related tax benefit (expense)	(150)	11,047	819	11,973
Reclassification adjustment of net gain from sale of available-for-sale securities included in net income	0	0	0	0
Related tax benefit (expense)	0	0	0	0
Other comprehensive income (loss)	258	(19,013)	(1,409)	(20,606)
Comprehensive income	$ 36,236	$ 15,058	$ 69,851	$ 46,883

XML

Loans Receivable (excluding Covered Loans)

6 Months Ended

Mar. 31, 2013

Loans Receivable [Abstract]

Loans Receivable (excluding Covered Loans)

Loans Receivable (excluding Covered Loans)

	March 31, 2013				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,374,977	68.6	%	$	5,778,922	73.5	%
Construction - speculative	120,617		1.5		129,637		1.6
Construction - custom	217,036		2.8		211,690		2.7
Land - acquisition & development	93,496		1.2		124,677		1.6
Land - consumer lot loans	130,056		1.7		141,844		1.8
Multi-family	725,322		9.3		710,140		9.0
Commercial real estate	385,587		4.9		319,210		4.1
Commercial & industrial	190,598		2.4		162,823		2.1
HELOC	111,622		1.4		112,902		1.4
Consumer	53,956		0.7		63,374		0.8
Total non-acquired loans	7,403,267		94.5		7,755,219		98.6
Acquired loans
Single-family residential	15,428		0.2		—		—
Construction - speculative	177		—		—		—
Construction - custom	313		—		—		—
Land - acquisition & development	3,436		—		—		—
Land - consumer lot loans	3,819		0.1		—		—
Multi-family	7,714		0.2		—		—
Commercial real estate	177,101		2.1		—		—
Commercial & industrial	96,255		1.3		—		—
HELOC	13,094		0.2		—		—
Consumer	10,046		0.1		—		—
Total acquired loans	327,383		4.2		—		—
Credit-impaired acquired loans
Single-family residential	338		—		342		—
Construction - speculative	1,750		—		1,889		0.1
Land - acquisition & development	2,577		—		3,702		—
Multi-family	—		—		601		—
Commercial real estate	79,868		1.1		87,154		1.1
Commercial & industrial	2,091		—		3,292		—
HELOC	12,757		0.2		14,040		0.2
Consumer	81		—		97		—
Total credit-impaired acquired loans	99,462		1.3		111,117		1.4
Total loans
Single-family residential	5,390,743		68.8		5,779,264		73.5
Construction - speculative	122,544		1.5		131,526		1.7
Construction - custom	217,349		2.8		211,690		2.7
Land - acquisition & development	99,509		1.2		128,379		1.6
Land - consumer lot loans	133,875		1.8		141,844		1.8
Multi-family	733,036		9.5		710,741		9
Commercial real estate	642,556		8.1		406,364		5.2
Commercial & industrial	288,944		3.7		166,115		2.1

HELOC	137,473		1.8		126,942		1.6
Consumer	64,083		0.8		63,471		0.8
Total loans	7,830,112		100	%	7,866,336		100	%
Less:
Allowance for probable losses	122,884				133,147
Loans in process	189,336				213,286
Discount on acquired loans	40,346				33,484
Deferred net origination fees	33,330				34,421
	385,896				414,338
	$	7,444,216			$	7,451,998

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the six months ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	16,928		$	77,613		$	—		$	—
Reclassification from nonaccretable balance, net	30,026
Additions (1)	—			—			10,804			360,719
Accretion	(4,278		)	4,278			(658		)	658
Transfers to REO	—			(3,120		)	—			(2,681		)
Payments received, net	—			(11,233		)	—			(39,752		)
Balance as of end of period	$	42,676		$	67,538		$	10,146		$	318,944
(1) includes acquired loans which were acquired as part of the South Valley acquisition.

September 30, 2012	Credit impaired acquired loans						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield		Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	—		$	—		$	—	$	—
Additions (1)	21,384			93,691			—		—
Accretion	(4,456		)	4,456			—		—
Transfers to REO	—			(2,616		)	—		—
Payments received, net	—			(17,918		)	—		—
Balance as of end of period	$	16,928		$	77,613		$	—	$	—
(1) includes acquired impaired loans which were acquired as part of the WNB acquisition.

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

	March 31, 2013				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	111,572	74.8	%	$	131,193	75.7	%
Construction - speculative	7,943		5.3		10,634		6.1
Construction - custom	105		0.1		539		0.3
Land - acquisition & development	12,177		8.2		13,477		7.8
Land - consumer lot loans	3,385		2.3		5,149		3.0
Multi-family	2,802		1.9		4,185		2.4
Commercial real estate	10,395		7.0		7,653		4.4
Commercial & industrial	210		0.1		16		—
HELOC	247		0.2		198		0.1
Consumer	197		0.1		383		0.2
Total non-accrual loans	$	149,033	100	%	$	173,427	100	%

The following tables provide an analysis of the age of loans in past due status as of March 31, 2013 and September 30, 2012, respectively.

March 31, 2013	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	$	5,371,033	$	5,215,549	$	36,476	$	25,148		$	93,860	$	155,484	2.89	%
Construction - Speculative	81,265		72,899		1,373		1,911			5,082		8,366		10.29
Construction - Custom	120,793		120,575		32		147			39		218		0.18
Land - Acquisition & Development	88,357		75,892		557		231			11,677		12,465		14.11
Land - Consumer Lot Loans	129,887		125,094		724		45			4,024		4,793		3.69
Multi-Family	697,943		686,954		3,102		130			7,757		10,989		1.57
Commercial Real Estate	360,607		341,041		5,154		2,858			11,554		19,566		5.43
Commercial & Industrial	198,488		192,479		4,386		636			987		6,009		3.03
HELOC	111,622		111,322		128		(227		)	399		300		0.27
Consumer	53,955		51,908		1,289		423			335		2,047		3.79
Total non-acquired loans	7,213,950		6,993,713		53,221		31,302			135,714		220,237		3.05	%
Acquired loans
Single-Family Residential	15,428		15,312		$	116	—			—		116		0.75	%
Construction - Speculative	177		177		—		—			—		—		—
Construction - Custom	313		313		—		—			—		—		—
Land - Acquisition & Development	3,436		3,436		—		—			—		—		—
Land - Consumer Lot Loans	3,819		3,767		52		—			—		52		1.36
Multi-Family	7,714		7,714		—		—			—		—		—
Commercial Real Estate	177,101		176,444		657		—			—		657		0.37
Commercial & Industrial	96,255		95,258		997		—			—		997		1.04
HELOC	13,094		13,094		—		—			—		—		—
Consumer	10,046		9,946		77		5			18		100		1.00
Total acquired loans	327,383		325,461		1,899		5			18		1,922		0.59	%
Credit-impaired acquired loans
Single-Family Residential	338		338		—		—			—		—		—	%
Construction - Speculative	1,749		1,749		—		—			—		—		—
Construction - Custom	—		—		—		—			—		—		—
Land - Acquisition & Development	2,577		2,577		—		—			—		—		—
Land - Consumer Lot Loans	—		—		—		—			—		—		—
Multi-Family	—		—		—		—			—		—		—
Commercial Real Estate	79,850		75,772		1,660		292			2,126		4,078		5.11
Commercial & Industrial	2,091		2,070		21		—			—		21		1.00

HELOC	12,757		12,440		—		227		90		317		2.48
Consumer	81		81		—		—		—		—		—
Total credit-impaired acquired loans	99,443		95,027		1,681		519		2,216		4,416		4.44	%
Total loans	$	7,640,776	$	7,414,201	$	56,801	$	31,826	$	137,948	$	226,575	2.97	%

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 March 31, 2013, single-family residential loans comprised 86.4% of TDRs.

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

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

	Quarter Ended March 31,
	2013					2012
		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	130	$	36,059	$	36,059	312	$	68,460	$	68,460
Construction - Speculative	—	—		—		12	4,049		4,049
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		4	1,823		1,823
Land - Consumer Lot Loans	9	1,350		1,350		14	2,116		2,116
Multi-Family	—	—		—		2	1,871		1,871
Commercial Real Estate	—	—		—		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	140	$	37,609	$	37,609	344	$	78,319	$	78,319

	Six Months Ended March 31,
	2013					2012
		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	230	$	63,146	$	63,146	491	$	121,145	$	121,145
Construction - Speculative	1	2,492		2,492		23	7,428		7,428
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		26	6,173		6,173
Land - Consumer Lot Loans	18	2,761		2,761		25	3,824		3,824
Multi-Family	1	55		55		2	1,871		1,871
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	4		4
HELOC	1	200		200		—	—		—
Consumer	—	—		—		—	—		—
	251	$	68,654	$	68,654	569	$	140,753	$	140,753

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

	Quarter Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	37	$	8,579	108	$	20,419
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		5	865
Multi-Family	1	55		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	41	$	8,886	113	$	21,284

	Six Months Ended March 31,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	55	$	13,704	125	$	24,783
Construction - Speculative	—	—		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	1	139		7	1,312
Multi-Family	1	55		—	—
Commercial Real Estate	1	302		—	—
Commercial & Industrial	—	—		—	—
HELOC	2	113		—	—
Consumer	—	—		—	—
	60	$	14,313	132	$	26,095

XML

Loans Receivable (excluding Covered Loans) (Loans on Non-accrual Status) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 149,033	$ 173,427	$ 166,153
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	100.00%	100.00%
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	111,572	131,193
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	74.80%	75.70%
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	7,943	10,634
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	5.30%	6.10%
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	105	539
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.10%	0.30%
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	12,177	13,477
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	8.20%	7.80%
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	3,385	5,149
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.30%	3.00%
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	2,802	4,185
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	1.90%	2.40%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	10,395	7,653
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	7.00%	4.40%
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	210	16
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.10%	0.00%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	247	198
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.20%	0.10%
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 197	$ 383
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.10%	0.20%

XML

Fair Value Measurements (Securities in Unrealized Loss Positions) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ (4,268)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	960,332
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(1,286)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	185,390
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(5,554)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,145,722
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	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(481)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	9,519
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(481)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	9,519
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	(29)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	16,423
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	(29)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	16,423
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	(4,239)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	943,909
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(805)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	175,871
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(5,044)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 1,119,780

XML

Covered Assets (Tables)

6 Months Ended

Mar. 31, 2013

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 year to date period ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	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)	43,299			107,946			—			—
Accretion	(18,463		)	18,463			(3,543		)	3,543
Transfers to REO	—			(7,403		)	—			—
Payments received, net	—			(21,828		)	—			(33,582		)
Balance at end of period	$	75,738		$	172,131		$	20,246		$	183,384
(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:

	March 31, 2013			September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571		$	101,634
Additions (1)	17,373			3,284
Payments made (received)	(11,668		)	(3,456		)
Amortization	(13,451		)	(15,510		)
Accretion	566			1,619
Balance at end of period	$	80,391		$	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 March 31, 2013 and September 30, 2012:

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

March 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,210,626		$	1,742		$	162,609		$	—		$	—		$	5,374,977
Construction - speculative	94,497			362			25,758			—			—			120,617
Construction - custom	217,036			—			—			—			—			217,036
Land - acquisition & development	64,282			840			28,374			—			—			93,496
Land - consumer lot loans	129,175			123			758			—			—			130,056
Multi-family	707,869			1,886			15,567			—			—			725,322
Commercial real estate	341,175			13,016			31,396			—			—			385,587
Commercial & industrial	186,296			1,391			2,702			—			209			190,598
HELOC	111,622			—			—			—			—			111,622
Consumer	53,359			411			186			—			—			53,956
	7,115,937			19,771			267,350			—			209			7,403,267
Acquired loans
Single-family residential	15,428			—			—			—			—			15,428
Construction - speculative	—			—			177			—			—			177
Construction - custom	313			—			—			—			—			313
Land - acquisition & development	2,198			—			1,238			—			—			3,436
Land - consumer lot loans	3,800			—			19			—			—			3,819
Multi-family	3,349			—			4,365			—			—			7,714
Commercial real estate	137,416			4,832			34,853			—			—			177,101
Commercial & industrial	80,507			1,379			14,115			254			—			96,255
HELOC	13,094			—			—			—			—			13,094
Consumer	10,046			—			—			—			—			10,046
	266,151			6,211			54,767			254			—			327,383
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,513			484			2,330			—			—			4,327
Pool 2 - Single-family residential	338			—			—			—			—			338
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	12,838			—			—			—			—			12,838
Pool 5 - Commercial real estate	52,254			1,014			25,651			949			—			79,868
Pool 6 - Commercial & industrial	1,018			195			499			379			—			2,091
Total credit impaired acquired loans	67,961			1,693			28,480			1,328			—			99,462
Total gross loans	$	7,450,049		$	27,675		$	350,597		$	1,582		$	209		$	7,830,112
Total grade as a % of total gross loans	95.1		%	0.4		%	4.5		%	—		%	—		%

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):

March 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,266,407	98.0	%	$	108,570	2.0	%
Construction - speculative	111,146		92.1		9,471		7.9
Construction - custom	216,997		100.0		39		—
Land - acquisition & development	79,178		84.7		14,318		15.3
Land - consumer lot loans	126,032		96.9		4,024		3.1
Multi-family	717,415		98.9		7,907		1.1
Commercial real estate	368,629		95.6		16,958		4.4
Commercial & industrial	189,611		99.5		987		0.5
HELOC	111,133		99.6		489		0.4
Consumer	53,603		99.3		353		0.7
	$	7,240,151	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 March 31, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	30,319		$	—		$	2,827		$	—		$	—		$	33,146
Construction - speculative	102			—			—			—			—			102
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,056			1,289			5,837			—			—			10,182
Land - consumer lot loans	440			—			—			—			—			440
Multi-family	23,286			—			1,224			—			—			24,510
Commercial real estate	59,863			9,725			30,140			—			—			99,728
Commercial & industrial	6,527			500			3,996			—			—			11,023
HELOC	15,315			—			—			—			—			15,315
Consumer	680			—			—			—			—			680
	139,588			11,514			44,024			—			—			195,126
Total grade as a % of total net loans	71.5		%	5.9		%	22.6		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	11,674			4,298			36,623			—			—			52,595
Pool 2 - Single-family residential	24,290			—			1,045			—			—			25,335
Pool 3 - Multi-family	1,251			—			4,549			—			—			5,800
Pool 4 - HELOC & other consumer	4,096			—			3,531			—			—			7,627
Pool 5 - Commercial real estate	34,518			16,691			76,158			—			—			127,367
Pool 6 - Commercial & industrial	8,173			499			12,731			280			—			21,683
	$	84,002		$	21,488		$	134,637		$	280		$	—		240,407
													Total covered loans			435,533
													Discount			(80,018		)
													Allowance			—
													Covered loans, net			$	355,515

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 March 31, 2013 and September 30, 2012:

March 31, 2013	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	$	33,146	$	32,414	$	148	$	—	$	584	$	732	2.21	%
Construction - Speculative	102		102		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	10,182		10,145		—		—		37		37		0.36
Land - Consumer Lot Loans	440		342		—		—		98		98		22.27
Multi-Family	24,510		24,310		—		—		200		200		0.82
Commercial Real Estate	99,728		95,069		2,651		—		2,008		4,659		4.67
Commercial & Industrial	11,023		7,608		—		—		3,415		3,415		30.98
HELOC	15,315		15,080		59		—		176		235		1.53
Consumer	680		680		—		—		—		—		—
	$	195,126	$	185,750	$	2,858	$	—	$	6,518	$	9,376	4.81	%

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