Allowance for Losses on Loans (Tables)
|
12 Months Ended |
Sep. 30, 2013
|
Receivables [Abstract] |
|
Summary of activity in allowance for loan losses |
The following table summarizes the activity in the allowance for loan losses for the twelve months ended September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | Beginning Allowance | | Charge-offs | | Recoveries | | Provision & Transfers | | Ending Allowance | | (In thousands) | Single-family residential | $ | 81,815 |
| | $ | (20,947 | ) | | $ | 9,416 |
| | $ | (6,100 | ) | | $ | 64,184 |
| Construction - speculative | 12,060 |
| | (1,446 | ) | | 501 |
| | (2,708 | ) | | 8,407 |
| Construction - custom | 347 |
| | (481 | ) | | — |
| | 1,016 |
| | 882 |
| Land - acquisition & development | 15,598 |
| | (3,983 | ) | | 4,105 |
| | (6,555 | ) | | 9,165 |
| Land - consumer lot loans | 4,937 |
| | (1,363 | ) | | 40 |
| | (62 | ) | | 3,552 |
| Multi-family | 5,280 |
| | (1,043 | ) | | 171 |
| | (592 | ) | | 3,816 |
| Commercial real estate | 1,956 |
| | (747 | ) | | 17 |
| | 4,369 |
| | 5,595 |
| Commercial & industrial | 7,626 |
| | (1,145 | ) | | 95 |
| | 10,038 |
| | 16,614 |
| HELOC | 965 |
| | (163 | ) | | — |
| | 200 |
| | 1,002 |
| Consumer | 2,563 |
| | (2,783 | ) | | 2,000 |
| | 1,744 |
| | 3,524 |
| | $ | 133,147 |
| | $ | (34,101 | ) | | $ | 16,345 |
| | $ | 1,350 |
| | $ | 116,741 |
|
| | | | | | | | | | | | | | | | | | | | | 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 show a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | | | September 30, 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 | $ | 64,184 |
| | $ | 5,262,159 |
| | 1.2 | % | | $ | — |
| | $ | 96,989 |
| | — | % | Construction - speculative | 7,307 |
| | 115,554 |
| | 6.3 |
| | 1,100 |
| | 15,224 |
| | 7.2 |
| Construction - custom | 882 |
| | 302,722 |
| | 0.3 |
| | — |
| | — |
| | — |
| Land - acquisition & development | 6,943 |
| | 67,521 |
| | 10.3 |
| | 2,222 |
| | 10,254 |
| | 21.7 |
| Land - consumer lot loans | 3,506 |
| | 107,216 |
| | 3.3 |
| | 46 |
| | 14,455 |
| | 0.3 |
| Multi-family | 3,711 |
| | 824,279 |
| | 0.5 |
| | 105 |
| | 7,405 |
| | 1.4 |
| Commercial real estate | 5,595 |
| | 400,789 |
| | 1.4 |
| | — |
| | 14,172 |
| | — |
| Commercial & industrial | 16,614 |
| | 256,954 |
| | 6.5 |
| | — |
| | 48 |
| | — |
| HELOC | 1,002 |
| | 111,169 |
| | 0.9 |
| | — |
| | 1,017 |
| | — |
| Consumer | 3,524 |
| | 47,141 |
| | 7.5 |
| | — |
| | — |
| | — |
| | $ | 113,268 |
| | $ | 7,495,504 |
| | 1.5 | % | | $ | 3,473 |
| | $ | 159,564 |
| | 2.2 | % |
___________________ | | (1) | Excludes acquired loans with discounts sufficient to absorb potential losses 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 loans and covered loans |
|
Summary of loans based on credit quality indicators |
The following tables provide information on loans based on credit quality indicators (defined above) as of September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2013 | Internally Assigned Grade | | Total | | Pass | | Special mention | | Substandard | | Doubtful | | Loss | | Gross Loans | | (In thousands) | Non-acquired loans | | | | | | | | | | | | Single-family residential | $ | 5,184,101 |
| | $ | 4,595 |
| | $ | 170,453 |
| | $ | — |
| | $ | — |
| | $ | 5,359,149 |
| Construction - speculative | 99,436 |
| | 3,199 |
| | 28,143 |
| | — |
| | — |
| | 130,778 |
| Construction - custom | 302,722 |
| | — |
| | — |
| | — |
| | — |
| | 302,722 |
| Land - acquisition & development | 64,355 |
| | 775 |
| | 12,645 |
| | — |
| | — |
| | 77,775 |
| Land - consumer lot loans | 121,039 |
| | — |
| | 632 |
| | — |
| | — |
| | 121,671 |
| Multi-family | 819,911 |
| | 2,114 |
| | 9,659 |
| | — |
| | — |
| | 831,684 |
| Commercial real estate | 373,012 |
| | 21,652 |
| | 20,297 |
| | — |
| | — |
| | 414,961 |
| Commercial & industrial | 240,441 |
| | 1,049 |
| | 1,709 |
| | — |
| | — |
| | 243,199 |
| HELOC | 112,186 |
| | — |
| | — |
| | — |
| | — |
| | 112,186 |
| Consumer | 46,720 |
| | — |
| | 421 |
| | — |
| | — |
| | 47,141 |
| | $ | 7,363,923 |
| | $ | 33,384 |
| | $ | 243,959 |
| | $ | — |
| | $ | — |
| | $ | 7,641,266 |
| | | | | | | | | | | | | Acquired loans | | | | | | | | | | | | Single-family residential | $ | 14,468 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 14,468 |
| Construction - speculative | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Construction - custom | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | 312 |
| | — |
| | 1,177 |
| | — |
| | — |
| | 1,489 |
| Land - consumer lot loans | 3,313 |
| | — |
| | — |
| | — |
| | — |
| | 3,313 |
| Multi-family | 3,227 |
| | — |
| | 687 |
| | — |
| | — |
| | 3,914 |
| Commercial real estate | 105,055 |
| | 4,190 |
| | 24,178 |
| | — |
| | — |
| | 133,423 |
| Commercial & industrial | 64,933 |
| | 1,309 |
| | 9,084 |
| | — |
| | — |
| | 75,326 |
| HELOC | 10,179 |
| | — |
| | — |
| | — |
| | — |
| | 10,179 |
| Consumer | 8,267 |
| | — |
| | — |
| | — |
| | — |
| | 8,267 |
| | $ | 209,754 |
| | $ | 5,499 |
| | $ | 35,126 |
| | $ | — |
| | $ | — |
| | $ | 250,379 |
| | | | | | | | | | | | | Credit impaired acquired loans | | | | | | | | | | | | Pool 1 - Construction and land A&D | $ | 980 |
| | $ | 461 |
| | $ | 955 |
| | $ | — |
| | $ | — |
| | $ | 2,396 |
| Pool 2 - Single-family residential | 333 |
| | — |
| | — |
| | — |
| | — |
| | 333 |
| Pool 3 - Multi-family | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Pool 4 - HELOC & other consumer | 11,337 |
| | — |
| | — |
| | — |
| | — |
| | 11,337 |
| Pool 5 - Commercial real estate | 52,509 |
| | 3,155 |
| | 21,245 |
| | — |
| | — |
| | 76,909 |
| Pool 6 - Commercial & industrial | 881 |
| | — |
| | 7,044 |
| | — |
| | — |
| | 7,925 |
| Total credit impaired acquired loans | $ | 66,040 |
| | $ | 3,616 |
| | $ | 29,244 |
| | $ | — |
| | $ | — |
| | $ | 98,900 |
| Total gross loans | $ | 7,639,717 |
| | $ | 42,499 |
| | $ | 308,329 |
| | $ | — |
| | $ | — |
| | $ | 7,990,545 |
| | | | | | | | | | | | | Total grade as a % of total gross loans | 95.6 | % | | 0.5 | % | | 3.9 | % | | — | % | | — | % | | |
| | | | | | | | | | | | | | | | | | | | | | | | | 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 |
| | | | | | | | | | | | | Acquired loans | | | | | | | | | | | | Single-family residential | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| Construction - speculative | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Construction - custom | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Land - consumer lot loans | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Multi-family | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial real estate | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Commercial & industrial | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| HELOC | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Consumer | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | | | | | | | | | | | | 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 | % | | — | % | | — | % | | |
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2013: | | | | | | | | | | | | | | | | | | | | | | | | | | Internally Assigned Grade | | Total Net Loans | | Pass | | Special mention | | Substandard | | Doubtful | | Loss | | | (In thousands) | Purchased non-credit impaired loans: | | | | | | | | | | | | Single-family residential | $ | 26,426 |
| | $ | — |
| | $ | 2,034 |
| | $ | — |
| | $ | — |
| | $ | 28,460 |
| Construction - speculative | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Construction - custom | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | 3,069 |
| | 1,019 |
| | 722 |
| | — |
| | — |
| | 4,810 |
| Land - consumer lot loans | 245 |
| | — |
| | — |
| | — |
| | — |
| | 245 |
| Multi-family | 17,217 |
| | — |
| | 1,635 |
| | — |
| | — |
| | 18,852 |
| Commercial real estate | 56,120 |
| | 9,235 |
| | 24,144 |
| | — |
| | — |
| | 89,499 |
| Commercial & industrial | 5,175 |
| | 500 |
| | 3,741 |
| | — |
| | — |
| | 9,416 |
| HELOC | 14,750 |
| | — |
| | — |
| | — |
| | — |
| | 14,750 |
| Consumer | 604 |
| | — |
| | — |
| | — |
| | — |
| | 604 |
| | 123,606 |
| | 10,754 |
| | 32,276 |
| | — |
| | — |
| | 166,636 |
| Total grade as a % of total net loans | 74.2 | % | | 6.4 | % | | 19.4 | % | | — | % | | — | % | | | | | | | | | | | | | | | Purchased credit impaired loans: | | | | | | | | | Pool 1 - Construction and land A&D | 14,361 |
| | 4,296 |
| | 25,363 |
| | — |
| | — |
| | 44,020 |
| Pool 2 - Single-family residential | 21,541 |
| | — |
| | — |
| | — |
| | — |
| | 21,541 |
| Pool 3 - Multi-family | 4,131 |
| | — |
| | 1,100 |
| | — |
| | — |
| | 5,231 |
| Pool 4 - HELOC & other consumer | 4,111 |
| | — |
| | 1,880 |
| | — |
| | — |
| | 5,991 |
| Pool 5 - Commercial real estate | 36,494 |
| | 15,113 |
| | 53,946 |
| | — |
| | — |
| | 105,553 |
| Pool 6 - Commercial & industrial | 4,265 |
| | 204 |
| | 8,807 |
| | — |
| | — |
| | 13,276 |
| | $ | 84,903 |
| | $ | 19,613 |
| | $ | 91,096 |
| | $ | — |
| | $ | — |
| | $ | 195,612 |
| | | | | | | | | | Total covered loans | | 362,248 |
| | | | | | | | | | Discount | | (66,301 | ) | | | | | | | | | | Allowance | | $ | — |
| | | | | | | | | | Covered loans, net | | $ | 295,947 |
|
|
Schedule of Credit Risk Profile by Payment Activity |
The following tables provide information on non-acquired loans based on payment activity as of September 30, 2013 and 2012: | | | | | | | | | | | | | | | September 30, 2013 | Performing Loans | | Non-Performing Loans | | Amount | | % of Total Gross Loans | | Amount | | % of Total Gross Loans | | (In thousands) | | | | (In thousands) | | | Single-family residential | $ | 5,258,688 |
| | 98.1 | % | | $ | 100,460 |
| | 1.9 | % | Construction - speculative | 126,218 |
| | 96.5 |
| | 4,560 |
| | 3.5 |
| Construction - custom | 302,722 |
| | 100.0 |
| | — |
| | — |
| Land - acquisition & development | 74,872 |
| | 96.3 |
| | 2,903 |
| | 3.7 |
| Land - consumer lot loans | 118,334 |
| | 97.3 |
| | 3,337 |
| | 2.7 |
| Multi-family | 825,111 |
| | 99.2 |
| | 6,573 |
| | 0.8 |
| Commercial real estate | 389,423 |
| | 97.1 |
| | 11,736 |
| | 2.9 |
| Commercial & industrial | 256,525 |
| | 99.8 |
| | 477 |
| | 0.2 |
| HELOC | 111,923 |
| | 99.8 |
| | 263 |
| | 0.2 |
| Consumer | 46,151 |
| | 97.9 |
| | 990 |
| | 2.1 |
| | $ | 7,509,967 |
| | 98.3 | % | | $ | 131,299 |
| | 1.7 | % |
| | | | | | | | | | | | | | | September 30, 2012 | Performing Loans | | Non-Performing Loans | | Amount | | % of Total Gross Loans | | Amount | | % of Total Gross Loans | | (In thousands) | | | | (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 | % |
|
Summary of impaired loans based on type |
The following tables provide information on impaired loans based on loan types as of September 30, 2013 and 2012: | | | | | | | | | | | | | | | | | September 30, 2013 | Recorded Investment | | Unpaid Principal Balance | | Related Allowance | | Average Recorded Investment | | (In thousands) | With no related allowance recorded: | | | | | | | | Single-family residential | $ | 33,883 |
| | $ | 38,928 |
| | $ | — |
| | $ | 21,458 |
| Construction - speculative | 3,891 |
| | 4,099 |
| | — |
| | 3,339 |
| Construction - custom | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | 3,020 |
| | 10,705 |
| | — |
| | 2,548 |
| Land - consumer lot loans | 3,186 |
| | 3,376 |
| | — |
| | 1,839 |
| Multi-family | 4,929 |
| | 4,929 |
| | — |
| | 1,734 |
| Commercial real estate | 23,537 |
| | 31,876 |
| | — |
| | 9,651 |
| Commercial & industrial | 7,279 |
| | 31,197 |
| | — |
| | 3,123 |
| HELOC | 446 |
| | 946 |
| | — |
| | 133 |
| Consumer | 601 |
| | 618 |
| | — |
| | 127 |
| | 80,772 |
| | 126,674 |
| | — |
| | 43,952 |
| With an allowance recorded: | | | | | | | | Single-family residential | 335,140 |
| | 341,910 |
| | 15,137 |
| | 330,407 |
| Construction - speculative | 8,892 |
| | 9,342 |
| | 1,100 |
| | 12,362 |
| Construction - custom | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | 2,598 |
| | 4,002 |
| | — |
| | 8,315 |
| Land - consumer lot loans | 12,631 |
| | 13,014 |
| | 2,222 |
| | 12,301 |
| Multi-family | 5,958 |
| | 6,178 |
| | 46 |
| | 7,731 |
| Commercial real estate | 7,539 |
| | 8,476 |
| | 105 |
| | 9,321 |
| Commercial & industrial | 56 |
| | 56 |
| | — |
| | 11 |
| HELOC | 938 |
| | 938 |
| | — |
| | 858 |
| Consumer | 33 |
| | 33 |
| | — |
| | 9 |
| | 373,785 |
| | 383,949 |
| | 18,610 |
| (1) | 381,315 |
| Total: | | | | | | | | Single-family residential | 369,023 |
| | 380,838 |
| | 15,137 |
| | 351,865 |
| Construction - speculative | 12,783 |
| | 13,441 |
| | 1,100 |
| | 15,701 |
| Construction - custom | — |
| | — |
| | — |
| | — |
| Land - acquisition & development | 5,618 |
| | 14,707 |
| | — |
| | 10,863 |
| Land - consumer lot loans | 15,817 |
| | 16,390 |
| | 2,222 |
| | 14,140 |
| Multi-family | 10,887 |
| | 11,107 |
| | 46 |
| | 9,465 |
| Commercial real estate | 31,076 |
| | 40,352 |
| | 105 |
| | 18,972 |
| Commercial & industrial | 7,335 |
| | 31,253 |
| | — |
| | 3,134 |
| HELOC | 1,384 |
| | 1,884 |
| | — |
| | 991 |
| Consumer | 634 |
| | 651 |
| | — |
| | 136 |
| | $ | 454,557 |
| | $ | 510,623 |
| | $ | 18,610 |
| (1) | $ | 425,267 |
|
____________________ | | (1) | Includes $3,473,000 of specific reserves and $15,137,000 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. |
|