10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended December 31, 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 January 31, 2014
Common stock, $1.00 par value	102,510,030

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I
Item 1.	Financial Statements (Unaudited)
	The Consolidated Financial Statements of Washington Federal, Inc. and Subsidiaries filed as a part of the report are as follows:
	Consolidated Statements of Financial Condition as of December 31, 2013 and December 31, 2012	3
	Consolidated Statements of Operations for the quarter ended December 31, 2013 and December 31, 2012	4
	Consolidated Statements of Comprehensive Income for the quarter ended December 31, 2013 and December 31, 2012	5
	Consolidated Statements of Stockholders' Equity for the quarter ended December 31, 2013 and December 31, 2012	6
	Consolidated Statements of Cash Flows for the quarter ended December 31, 2013 and December 31, 2012	7
	Notes to Consolidated Financial Statements	9
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 4.	Mine Safety Disclosures	48
Item 5.	Other Information	48
Item 6.	Exhibits	48
	Signatures	50

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	December 31, 2013			September 30, 2013
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	967,348		$	203,563
Available-for-sale securities, at fair value	2,838,504			2,360,948
Held-to-maturity securities, at amortized cost	1,630,936			1,654,666
Loans receivable, net	7,651,558			7,528,030
Covered loans, net	252,693			295,947
Interest receivable	49,629			49,218
Premises and equipment, net	224,745			206,172
Real estate held for sale	71,537			72,925
Real estate held for investment	11,656			9,392
Covered real estate held for sale	24,650			30,980
FDIC indemnification asset	57,818			64,615
FHLB & FRB stock	171,480			173,009
Intangible assets, net	299,019			264,318
Federal and state income tax assets, net	24,964			44,000
Other assets	127,836			125,076
	$	14,404,373		$	13,082,859
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	4,713,924		$	3,540,842
Time deposit accounts	5,688,802			5,549,429
	10,402,726			9,090,271
FHLB advances	1,930,000			1,930,000
Advance payments by borrowers for taxes and insurance	17,791			42,443
Accrued expenses and other liabilities	100,872			82,510
	12,451,389			11,145,224
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,272,280 and 132,572,475 shares issued; 102,329,576 and 102,484,671 shares outstanding	133,273			132,573
Paid-in capital	1,634,771			1,625,051
Accumulated other comprehensive income, net of taxes	195			6,378
Treasury stock, at cost; 30,942,704 and 30,087,804 shares	(439,762		)	(420,817		)
Retained earnings	624,507			594,450
	1,952,984			1,937,635
	$	14,404,373		$	13,082,859

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended December 31,
	2013			2012
	(In thousands, except per share data)
INTEREST INCOME
Loans	$	107,227		$	116,843
Mortgage-backed securities	19,368			11,732
Investment securities and cash equivalents	4,663			2,734
	131,258			131,309
INTEREST EXPENSE
Customer accounts	15,499			18,772
FHLB advances and other borrowings	17,447			17,103
	32,946			35,875
Net interest income	98,312			95,434
Provision (recovery) for loan losses	(4,600		)	3,600
Net interest income after provision (recovery) for loan losses	102,912			91,834
OTHER INCOME	5,788			4,957
OTHER EXPENSE
Compensation and benefits	25,126			21,072
Occupancy	5,618			4,446
FDIC insurance premiums	2,934			3,342
Information technology	2,929			2,438
Amortization of intangible assets	820			354
Other	6,693			6,646
	44,120			38,298
Loss on real estate acquired through foreclosure, net	(1,951		)	(3,319		)
Income before income taxes	62,629			55,174
Income tax provision	22,393			19,892
NET INCOME	$	40,236		$	35,282
PER SHARE DATA
Basic earnings	$	0.39		$	0.33
Diluted earnings	0.39			0.33
Basic weighted average number of shares outstanding	102,329,578			105,998,184
Diluted weighted average number of shares outstanding, including dilutive stock options	102,813,154			106,043,914

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended December 31,
	2013			2012
	(In thousands)
Net income	$	40,236		$	35,282
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sale securities	(9,661		)	(2,636		)
Related tax benefit (expense)	3,478			969
Other comprehensive loss	(6,183		)	(1,667		)
Comprehensive income	$	34,053		$	33,615

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(UNAUDITED)

	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balance at October 1, 2013	$	132,573	$	1,625,051	$	594,450		$	6,378		$	(420,817	)	$	1,937,635
Net income					$	40,236								$	40,236
Other comprehensive income adjustment								(6,183		)				(6,183		)
Dividends paid on common stock					(10,179		)							(10,179		)
Compensation expense related to common stock options			300											300
Proceeds from exercise of common stock options	700		8,580											9,280
Restricted stock			840											840
Treasury stock acquired											(18,945		)	(18,945		)
Balance at December 31, 2013	$	133,273	$	1,634,771	$	624,507		$	195		$	(439,762	)	1,952,984
	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balance at October 1, 2012	$	129,950	$	1,586,295	$	480,780		$	13,306		$	(310,579	)	$	1,899,752
Net income					35,282									35,282
Other comprehensive income adjustment								(1,667		)				(1,667		)
Dividends paid on common stock					(8,690		)							(8,690		)
Compensation expense related to common stock options			300											300
Proceeds from exercise of common stock options	6		57											63
Proceeds from issuance of common stock	1,996		31,496											33,492
Restricted stock	15		878											893
Treasury stock acquired											(44,747		)	(44,747		)
Balance at December 31, 2012	$	131,967	$	1,619,026	$	507,372		$	11,639		$	(355,326	)	$	1,914,678

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Quarter Ended December 31,
	2013			2012
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	40,236		$	35,282
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of fees, discounts, premiums and intangible assets, net	1,057			536
Cash received from FDIC under loss share	1,295			4,566
Depreciation	2,700			2,300
Stock option compensation expense	300			300
Provision for (reversal of) loan losses	(4,600		)	3,600
Loss (gain) on real estate held for sale, net	(597		)	1,193
Decrease (increase) in accrued interest receivable	(411		)	1,058
Decrease (increase) in income taxes receivable	22,629			(3,038		)
Decrease in other assets	1,649			30,191
Decrease in accrued expenses and other liabilities	(12,768		)	(15,437		)
Net cash provided by operating activities	51,490			60,551
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	(68,870		)	187,382
FHLB stock redemptions	1,376			1,382
Available-for-sale securities purchased	(565,080		)	(261,966		)
Principal payments and maturities of available-for-sale securities	76,805			31,404
Available-for-sale securities sold	—			43,899
Held-to-maturity securities purchased	—			(264,781		)
Principal payments and maturities of held-to-maturity securities	23,117			50,522
Net cash received from acquisition	1,280,077			202,308
Proceeds from sales of real estate held for sale	12,566			24,370
Proceeds from sales of covered REO	6,098			3,043
Proceeds from sales of real estate held for investment	1,729			5,775
Premises and equipment purchased and REO improvements	(9,232		)	(12,185		)
Net cash provided by investing activities	758,586			11,153
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in customer accounts	(1,795		)	(77,942		)
Proceeds from borrowings	625,000			—
Repayments of borrowings	(625,000		)	(22,471		)
Proceeds from exercise of common stock options	9,280			63
Dividends paid on common stock	(10,179		)	(17,250		)
Treasury stock purchased	(18,945		)	(44,747		)
Decrease in advance payments by borrowers for taxes and insurance	(24,652		)	(23,489		)
Net cash used by financing activities	(46,291		)	(185,836		)
Increase (decrease) in cash and cash equivalents	763,785			(114,132		)
Cash and cash equivalents at beginning of period	203,563			751,430
Cash and cash equivalents at end of period	$	967,348		$	637,298

(CONTINUED)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Quarter Ended December 31,
	2013			2012
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	9,956		$	22,762
Covered real estate acquired through foreclosure	179			3,096
Cash paid during the period for
Interest	33,644			37,457
Income taxes	(236		)	—
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	$	65,531		$	810,766
Fair value of liabilities assumed	(1,345,608		)	(766,871		)
Net fair value of assets (liabilities)	$	(1,280,077	)	$	43,895

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

8

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 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” or "Washington Federal"). 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, 2013 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 2013 Annual Report on Form 10-K (“2013 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 2013 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 2013 Form 10-K.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at December 31, 2013, excluding covered loans, of $304 million. 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.

Reclassification of Real Estate Held for Investment into its own line item and out of Real Estate Held for Sale have been made to the financial statements for years prior to September 30, 2013 to conform to current year classifications.

NOTE B - Acquisitions

Certain Branches of Bank of America, National Association

Effective as of the close of business on October 31, 2013, Washington Federal completed the acquisition of eleven branches from Bank of America, National Association; these branches are located in New Mexico. Effective as of the close of business on December 6, 2013, Washington Federal completed the acquisition of another forty branches from Bank of America, National Association; these branches are located in Washington, Oregon, and Idaho. The combined acquisitions provided recorded book values of $1.3 billion in deposit accounts, $9 million of loans, and $16 million in branch properties. Washington Federal paid a 2.60% premium on the total deposits. The cash received by Washington Federal in the transaction was $1.3 billion.

The acquisition will be accounted for under the acquisition method of accounting. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values. The purchase accounting is incomplete as the core deposit intangible valuation is not yet finalized, and the acquired loans, properties, and equipment had not yet been recorded at their fair values as of December 31, 2013. The purchase accounting fair value analysis is expected to be completed as of March 31, 2014.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the first eleven branches for the period from November 1, 2013 to December 31, 2013 and for the additional forty branches from December 7, 2013 to December 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:

9

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash and cash equivalents	$	1,280,077
Loans receivable, net	8,278
Property and equipment, net	17,476
Intangible Assets	35,522
Other assets	4,255
Total Assets	1,345,608
Liabilities:
Customer accounts	1,314,478
Other liabilities	31,130
Total Liabilities	1,345,608
Net assets acquired	$	—

NOTE C – Dividends

On January 17, 2014, the Company paid its 124th consecutive quarterly cash dividend on common stock. Dividends per share were $.10 and $.08 for the quarters ended December 31, 2013 and 2012, respectively.

10

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	December 31, 2013				September 30, 2013
	(In thousands)
Non-acquired loans
Single-family residential	$	5,421,896	66.9	%	$	5,359,149	67.1	%
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	72,075		0.9		77,775		1.1
Land - consumer lot loans	119,206		1.5		121,671		1.5
Multi-family	842,343		10.4		831,684		10.4
Commercial real estate	433,361		5.3		414,961		5.1
Commercial & industrial	274,432		3.4		243,199		3.0
HELOC	111,577		1.4		112,186		1.4
Consumer	44,142		0.5		47,141		0.6
Total non-acquired loans	7,788,854		96.1		7,641,266		95.6
Acquired loans
Single-family residential	13,856		0.2		14,468		0.2
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,206		—		1,489		—
Land - consumer lot loans	3,261		—		3,313		—
Multi-family	3,773		0.1		3,914		0.1
Commercial real estate	117,038		1.4		133,423		1.7
Commercial & industrial	72,594		0.9		75,326		0.9
HELOC	9,538		0.1		10,179		0.1
Consumer	7,754		0.1		8,267		0.1
Total acquired loans	229,020		2.8		250,379		3.1
Credit-impaired acquired loans
Single-family residential	331		—		333		—
Construction - speculative	—		—		—		—
Land - acquisition & development	2,225		—		2,396		—
Multi-family	—		—		—		—
Commercial real estate	71,841		1.0		76,909		1.1
Commercial & industrial	7,140		0.1		7,925		0.1
HELOC	10,834		0.1		11,266		0.1
Consumer	64		—		71		—
Total credit-impaired acquired loans	92,435		1.2		98,900		1.3
Total loans
Single-family residential	5,436,083		67.0		5,373,950		67.3
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	75,506		0.9		81,660		1.1
Land - consumer lot loans	122,467		1.5		124,984		1.5
Multi-family	846,116		10.5		835,598		10.5
Commercial real estate	622,240		7.7		625,293		7.9
Commercial & industrial	354,166		4.4		326,450		4.0

11

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

HELOC	131,949		1.6		133,631		1.6
Consumer	51,960		0.6		55,479		0.7
Total loans	8,110,309		100	%	7,990,545		100	%
Less:
Allowance for probable losses	118,158				116,741
Loans in process	273,263				275,577
Discount on acquired loans	31,485				34,143
Deferred net origination fees	35,845				36,054
	458,751				462,515
	$	7,651,558			$	7,528,030

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

December 31, 2013	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Accretion	(2,715		)	2,715			(319		)	319
Transfers to REO	—			(346		)	—			(1,124		)
Payments received, net	—			(6,495		)	—			(20,453		)
Balance as of end of period	$	34,521		$	65,592		$	4,658		$	224,115

September 30, 2013	Acquired Impaired						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 (1)	30,026			—			—			—
Additions (2)	—			9,865			10,804			351,335
Accretion	(9,718		)	9,718			(5,827		)	5,827
Transfers to REO	—			(3,975		)	—			(7,755		)
Payments received, net	—			(23,503		)	—			(104,034		)
Balance as of end of period	$	37,236		$	69,718		$	4,977		$	245,373
(1) reclassification due to improvements in expected cash flows of the underlying loans.
(2) includes acquired loans which were acquired as part of the South Valley acquisition.

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

	December 31, 2013				September 30, 2013
	(In thousands)
Non-accrual loans:
Single-family residential	$	89,075	77.5	%	$	100,460	76.5	%
Construction - speculative	3,053		2.7		4,560		3.5
Construction - custom	—		—		—		—
Land - acquisition & development	2,813		2.5		2,903		2.2
Land - consumer lot loans	3,548		3.1		3,337		2.5
Multi-family	2,494		2.2		6,573		5.0
Commercial real estate	11,613		10.1		11,736		8.9
Commercial & industrial	655		0.6		477		0.4
HELOC	471		0.4		263		0.2
Consumer	995		0.9		990		0.8
Total non-accrual loans	$	114,717	100	%	$	131,299	100	%

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

December 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	$	5,418,864	$	5,304,409	$	33,199	$	10,318	$	70,938	$	114,455	2.11	%
Construction - Speculative	87,485		86,398		37		92		958		1,087		1.24
Construction - Custom	154,776		154,610		166		—		—		166		0.11
Land - Acquisition & Development	66,028		63,890		1		119		2,018		2,138		3.24
Land - Consumer Lot Loans	119,024		114,493		989		320		3,222		4,531		3.81
Multi-Family	812,635		810,050		1,031		—		1,554		2,585		0.32
Commercial Real Estate	426,898		422,781		951		—		3,166		4,117		0.96
Commercial & Industrial	274,424		272,589		1,835		—		—		1,835		0.67
HELOC	111,577		110,995		346		114		122		582		0.52
Consumer	44,143		42,545		901		305		392		1,598		3.62
Total non-acquired loans	7,515,854		7,382,760		39,456		11,268		82,370		133,094		1.77	%
Acquired loans
Single-Family Residential	13,856		13,813		$	—	—		43		43		0.31	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	1,206		1,123		83		—		—		83		6.88
Land - Consumer Lot Loans	3,261		2,935		—		—		326		326		10.00

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

Multi-Family	3,773		3,636		137		—		—		137		3.63
Commercial Real Estate	116,810		112,685		44		—		4,081		4,125		3.53
Commercial & Industrial	72,575		71,903		364		146		162		672		0.93
HELOC	9,538		9,263		16		—		259		275		2.88
Consumer	7,754		7,076		59		16		603		678		8.74
Total acquired loans	228,773		222,434		703		162		5,474		6,339		2.77	%
Credit-impaired acquired loans
Single-Family Residential	331		331		—		—		—		—		—	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,224		1,845		—		—		379		379		17.04
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	71,826		70,490		379		64		893		1,336		1.86
Commercial & Industrial	7,140		6,647		—		—		493		493		6.90
HELOC	10,834		10,431		313		—		90		403		3.72
Consumer	64		64		—		—		—		—		—
Total credit-impaired acquired loans	92,419		89,808		692		64		1,855		2,611		2.83	%
Total loans	$	7,837,046	$	7,695,002	$	40,851	$	11,494	$	89,699	$	142,044	1.81	%

September 30, 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)
Single-Family Residential	$	5,356,200	$	5,237,413	$	26,888	$	12,373	$	79,526	$	118,787	2.22	%
Construction - Speculative	82,422		80,047		—		—		2,375		2,375		2.88
Construction - Custom	130,095		129,678		417		—		—		417		0.32
Land - Acquisition & Development	71,567		70,106		—		—		1,461		1,461		2.04
Land - Consumer Lot Loans	121,473		117,076		806		355		3,236		4,397		3.62
Multi-Family	790,564		785,793		—		—		4,771		4,771		0.60
Commercial Real Estate	404,680		398,114		2,942		351		3,273		6,566		1.62
Commercial & Industrial	249,405		249,363		42		—		—		42		0.02
HELOC	112,186		111,407		493		213		73		779		0.69
Consumer	47,142		45,620		849		283		390		1,522		3.23
Total non-acquired loans	7,365,734		7,224,617		32,437		13,575		95,105		141,117		1.92

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

Acquired loans
Single-Family Residential	14,468		14,343		82		—		43		125		0.86
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	1,489		1,241		—		—		248		248		16.66
Land - Consumer Lot Loans	3,313		2,987		125		100		101		326		9.84
Multi-Family	3,914		3,914		—		—		—		—		—
Commercial Real Estate	133,398		128,610		134		617		4,037		4,788		3.59
Commercial & Industrial	75,323		74,992		10		153		168		331		0.44
HELOC	10,179		10,063		—		16		100		116		1.14
Consumer	8,266		7,568		90		8		600		698		8.44
Total acquired loans	250,350		243,718		441		894		5,297		6,632		2.65
Credit-impaired acquired loans
Single-Family Residential	333		333		—		—		—		—		—
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,393		1,929		—		464		—		464		19.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,116		80,095		2,301		—		720		3,021		3.63
Commercial & Industrial	1,705		1,396		—		—		309		309		18.12
HELOC	11,266		11,176		—		—		90		90		0.80
Consumer	71		71		—		—		—		—		—
Total credit-impaired acquired loans	98,884		95,000		2,301		464		1,119		3,884		3.93	%
Total loans	$	7,714,968	$	7,563,335	$	35,179	$	14,933	$	101,521	$	151,633	1.97	%

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of December 31, 2013, single-family residential loans comprised 85.8% 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.

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

	Quarter Ended December 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	113	$	23,607	$	23,607	105	$	29,339	$	29,339
Construction - Speculative	—	—		—		1	2,503		2,503
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		—	—		—
Land - Consumer Lot Loans	5	1,098		1,098		11	1,836		1,836
Multi-Family	2	1,213		1,213		1	68		68
Commercial Real Estate	1	810		810		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	261		261		—	—		—
Consumer	2	39		39		—	—		—
	124	$	27,028	$	27,028	118	$	33,746	$	33,746

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

	Quarter Ended December 31,
	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	24	$	3,624	31	$	7,498
Construction - Speculative	—	—		5	904
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	2	166		—	—
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	26	$	3,790	36	$	8,402

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

NOTE E – Allowance for Losses on Loans

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

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

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

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

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

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

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

Quarter Ended December 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(2,334	)	$	8,827	$	(2,985	)	$	67,692
Construction - speculative	8,407		(450		)	95		90			8,142
Construction - custom	882		—			—		592			1,474
Land - acquisition & development	9,165		(456		)	439		(2,064		)	7,084
Land - consumer lot loans	3,552		(242		)	22		(58		)	3,274
Multi-family	3,816		—			—		293			4,109
Commercial real estate	5,595		—			—		273			5,868
Commercial & industrial	16,614		(248		)	421		(282		)	16,505
HELOC	1,002		—			—		(59		)	943
Consumer	3,524		(1,082		)	1,025		(400		)	3,067
	$	116,741	$	(4,812	)	$	10,829	$	(4,600	)	$	118,158

Fiscal Year Ended 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

The Company recorded a $4,600,000 recovery for loan losses during the quarter ended December 31, 2013, while a $3,600,000 provision was recorded for the same quarter one year ago. The primary reason was the favorable settlement of a lawsuit related to previously purchased loans. In addition, the credit quality of the portfolio has been improving significantly and economic conditions are more favorable.

Non-performing assets (“NPAs”) amounted to $197,910,000, or 1.37%, of total assets at December 31, 2013, compared to $264,219,000, or 2.02%, of total assets one year ago. Acquired loans, including covered loans, are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended December 31, 2013 as the associated discount is adequate to absorb potential losses. Non-accrual loans decreased from $163,116,000 at December 31, 2012, to $114,717,000 at December 31, 2013, a 29.7% decrease.

The Company had net recoveries of $6,017,000 for the quarter ended December 31, 2013, compared with $9,920,000 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.

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

For the period ending December 31, 2013 , $116,552,000 of the allowance was calculated under our general allowance methodology and the remaining $1,606,000 was made up of specific reserves on loans that were deemed to be impaired. For the period ending September 30, 2013, these amounts were $113,268,000 and $3,473,000, respectively. The shift in total allowance allocation from specific reserves to general reserves is due to the Company having already addressed many of the problem loans focused in the speculative construction and land A&D portfolios, combined with an increase in delinquencies and elevated charge-offs in the single family residential portfolio.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2013 and September 30, 2013:

December 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	$	67,692	$	5,336,460	1.3	%	$	—	$	85,436	—	%
Construction - speculative	7,607		122,994		6.2		535		12,874		4.2
Construction - custom	1,474		333,954		0.4		—		—		—
Land - acquisition & development	6,013		63,875		9.4		1,071		8,200		13.1
Land - consumer lot loans	3,274		104,675		3.1		—		14,531		—
Multi-family	4,109		833,508		0.5		—		8,835		—
Commercial real estate	5,868		416,440		1.4		—		16,921		—
Commercial & industrial	16,505		287,251		5.7		—		17		—
HELOC	943		110,570		0.9		—		1,007		—
Consumer	3,067		44,142		6.9		—		—		—
	$	116,552	$	7,653,869	1.5	%	$	1,606	$	147,821	1.1	%

(1) Excludes acquired and covered loans

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 and covered loans

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

The following tables provide information on loans based on credit quality indicators (defined above) as of December 31, 2013 and September 30, 2013.

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

December 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,250,349		$	4,572		$	166,975		$	—		$	—		$	5,421,896
Construction - speculative	113,527			3,724			18,617			—			—			135,868
Construction - custom	333,954			—			—			—			—			333,954
Land - acquisition & development	62,085			—			9,990			—			—			72,075
Land - consumer lot loans	118,579			—			627			—			—			119,206
Multi-family	833,758			1,241			7,344			—			—			842,343
Commercial real estate	395,736			17,808			19,817			—			—			433,361
Commercial & industrial	256,375			16,332			1,725			—			—			274,432
HELOC	111,577			—			—			—			—			111,577
Consumer	43,715			—			427			—			—			44,142
	7,519,655			43,677			225,522			—			—			7,788,854
Acquired loans
Single-family residential	13,856			—			—			—			—			13,856
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	794			—			412			—			—			1,206
Land - consumer lot loans	3,261			—			—			—			—			3,261
Multi-family	3,636			—			137			—			—			3,773
Commercial real estate	92,287			3,543			21,062			146			—			117,038
Commercial & industrial	65,882			1,041			5,671			—			—			72,594
HELOC	9,538			—			—			—			—			9,538
Consumer	7,754			—			—			—			—			7,754
	197,008			4,584			27,282			146			—			229,020
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,434			—			791			—			—			2,225
Pool 2 - Single-family residential	331			—			—			—			—			331
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,898			—			—			—			—			10,898
Pool 5 - Commercial real estate	54,278			—			17,563			—			—			71,841
Pool 6 - Commercial & industrial	1,178			3,321			96			2,545			—			7,140
Total credit impaired acquired loans	68,119			3,321			18,450			2,545			—			92,435
Total gross loans	$	7,784,782		$	51,582		$	271,254		$	2,691		$	—		$	8,110,309
Total grade as a % of total gross loans	96.0		%	0.6		%	3.4		%	—		%	—		%

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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		%	—		%	—		%

21

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

December 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,332,821	98.4	%	$	89,075	1.6	%
Construction - speculative	132,815		97.8		3,053		2.2
Construction - custom	333,954		100.0		—		—
Land - acquisition & development	69,262		96.1		2,813		3.9
Land - consumer lot loans	115,658		97.0		3,548		3.0
Multi-family	839,849		99.7		2,494		0.3
Commercial real estate	421,748		97.3		11,613		2.7
Commercial & industrial	273,777		99.8		655		0.2
HELOC	111,106		99.6		471		0.4
Consumer	43,147		97.7		995		2.3
	$	7,674,137	98.5	%	$	114,717	1.5	%

September 30, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(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		0.2
	$	7,509,967	98.3	%	$	131,299	1.7	%

22

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

The following table provides information on impaired loan balances and the related allowances by loan types as of December 31, 2013 and September 30, 2013:

December 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	32,815	$	36,758	$	—		$	26,315
Construction - speculative	2,324		2,602		—			1,734
Construction - custom	—		—		—			—
Land - acquisition & development	3,071		10,527		—			2,846
Land - consumer lot loans	3,039		3,184		—			3,697
Multi-family	807		848		—			605
Commercial real estate	21,258		29,657		—			15,872
Commercial & industrial	6,983		30,732		—			5,130
HELOC	392		1,055		—			1,128
Consumer	604		640		—			3,252
	71,293		116,003		—			60,579
With an allowance recorded:
Single-family residential	355,448		361,771		13,973			343,662
Construction - speculative	11,435		11,885		535			9,452
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	9,865		11,104		1,071			5,832
Land - consumer lot loans	13,411		13,794		—			15,550
Multi-family	8,701		8,921		—			5,345
Commercial real estate	18,749		19,686		—			12,097
Commercial & industrial	44		44		—			135
HELOC	1,198		1,198		—			2,504
Consumer	71		71		—			431
	420,118		429,670		15,579		(1)	395,668
Total:
Single-family residential	388,263		398,529		13,973			369,977
Construction - speculative	13,759		14,487		535			11,186
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	12,936		21,631		1,071			8,678
Land - consumer lot loans	16,450		16,978		—			19,247
Multi-family	9,508		9,769		—			5,950
Commercial real estate	40,007		49,343		—			27,969
Commercial & industrial	7,027		30,776		—			5,265
HELOC	1,590		2,253		—			3,632
Consumer	675		711		—			3,683
	$	491,411	$	545,673	$	15,579	(1)	$	456,247

(1)Includes $1,606,000 of specific reserves and $13,973,000 included in the general reserves.

23

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

September 30, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			2013 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.

24

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

NOTE F – New Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. This ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The amendments in this ASU should be applied retrospectively to all periods presented. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company has chosen to adopt this ASU as of December 31, 2013. It is being adopted prospectively, as the retrospective adjustments were not material. The amount of affordable housing tax credits that are expected to be recognized during the 2014 calendar year is $3 million. The net investment balance recognized as of December 31, 2013 is $25 million. Using the proportional amortization method, the amount recognized as a component of income tax expense for the 2014 calendar year is $4 million. Contingent commitments for equity contributions during the 2014 calendar year are $27 million. Overall, this adoption does not have a material impact on the Company's consolidated financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. This ASU is not expected to have a material impact on the Company's consolidated financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Some entities present unrecognized tax benefits as a liability unless the unrecognized tax benefit is directly associated with a tax position taken in a tax year that results in, or that resulted in, the recognition of a net operating loss or tax credit carryforward for that year and the net operating loss or tax credit carryforward has not been utilized. Other entities present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances. The objective of the amendments in this Update is to eliminate that diversity in practice. The guidance in this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

25

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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. Most 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. Securities that are traded on active exchanges are considered a Level 1 input method.

The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2013 and September 30, 2013:

	Fair Value at December 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,246	$	503	$	—	$	100,749
Obligations of U.S. government	—		631,326		—		631,326
Obligations of states and political subdivisions	—		22,640		—		22,640
Corporate debt securities	—		450,113		—		450,113
Mortgage-backed securities					—
Agency pass-through certificates	—		1,633,676		—		1,633,676
Balance at end of period	$	100,246	$	2,738,258	$	—	$	2,838,504

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

26

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

	Fair Value at September 30, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,726	$	511	$	—	$	101,237
Obligations of U.S. government	—		533,975		—		533,975
Obligations of states and political subdivisions	—		22,545		—		22,545
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		452,015		—		452,015
Mortgage-backed securities
Agency pass-through certificates	—		1,251,176		—		1,251,176
Balance at end of period	$	100,726	$	2,260,222	$	—	$	2,360,948

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended September 30, 2013 other than a transfer from Level 2 to Level 1 of $511 in Equity Securities.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at December 31, 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 tables present the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the three months ended December 31, 2013 and December 31, 2012, and the total losses resulting from those fair value adjustments for the quarters ended December 31, 2013 and December 31, 2012. These estimated fair values are shown gross of estimated selling costs.

	Through December 31, 2013								Quarter Ended December 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	5,580	$	5,580	$	(805	)
Covered REO (2)	—		—		1,286		1,286		65
Real estate held for sale (2)	—		—		10,342		10,342		3,725
Balance at end of period	$	—	$	—	$	17,208	$	17,208	$	2,985

27

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

 ___________________

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

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

There were no liabilities carried at fair value, measured on a recurring or nonrecurring basis, at December 31, 2013 or December 31, 2012.

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

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

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

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

Fair Values of Financial Instruments

U. S. GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the statement of financial condition, for which it is practicable to estimate those values. Certain financial instruments and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value estimates presented do not reflect the underlying fair value of the Company. Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

		December 31, 2013				September 30, 2013
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	967,348	$	967,348	$	203,563	$	203,563
Available-for-sale securities
Equity securities	1	100,749		100,749		101,237		101,237
Obligations of U.S. government	2	631,326		631,326		533,975		533,975
Obligations of states and political subdivisions	2	22,640		22,640		22,545		22,545
Corporate debt securities	2	450,113		450,113		452,015		452,015
Mortgage-backed securities
Agency pass-through certificates	2	1,633,676		1,633,676		1,251,176		1,251,176
Total available-for-sale securities		2,838,504		2,838,504		2,360,948		2,360,948
Held-to-maturity securities	2
Total held-to-maturity securities		1,630,936		1,521,390		1,654,666		1,582,849
Loans receivable	3	7,651,558		8,174,920		7,528,030		8,070,279
Covered loans	3	252,693		255,885		295,947		300,610
FDIC indemnification asset	3	57,818		56,848		64,615		62,300
FHLB stock	2	171,480		171,480		173,009		173,009
Financial liabilities
Customer accounts	2	10,402,726		9,728,207		9,090,271		8,585,068
FHLB advances and other borrowings	2	1,930,000		2,053,910		1,930,000		2,064,248

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 primarily 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. Equity securities which are exchange traded are considered a Level 1 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.

29

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 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 tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of December 31, 2013 and September 30, 2013:

	December 31, 2013
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,021		(196		)	63,827		1.98
5 to 10 years	237,101		—		(2,396		)	234,705		1.64
Over 10 years	335,626		465		(3,297		)	332,794		0.93
Equity Securities
Within 1 year	500		3		—			503		2.17
1 to 5 years	100,000		246		—			100,246		1.80
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	—		—		—			—		—
1 to 5 years	334,278		2,051		(93		)	336,236		0.80
5 to 10 years	113,095		1,523		(741		)	113,877		1.53
Municipal bonds due
Over 10 years	20,417		2,223		—			22,640		6.45
Mortgage-backed securities
Agency pass-through certificates	1,636,178		4,896		(7,398		)	1,633,676		2.51
	2,838,197		14,428		(14,121		)	2,838,504		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,630,936		1,409		(110,955		)	1,521,390		3.13
	$	4,469,133	$	15,837	$	(125,076	)	$	4,359,894	2.41	%

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

	September 30, 2013
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,393			(252		)	64,143		1.98
5 to 10 years	129,219		—			(1,547		)	127,672		0.86
Over 10 years	344,571		—			(2,411		)	342,160		0.93
Equity Securities
1 to 5 years	500		11			—			511		2.17
5 to 10 years	100,000		726			—			100,726		1.80
Corporate bonds due
Within 1 year	19,500		3			—			19,503		0.49
1 to 5 years	317,190		1,980			(130		)	319,040		0.75
5 to 10 years	113,060		1,180			(768		)	113,472		1.53
Municipal bonds due
Over 10 years	20,422		2,123			—			22,545		6.45
Mortgage-backed securities
Agency pass-through certificates	1,245,400		10,270			(4,494		)	1,251,176		2.18
	2,350,864		19,686			(9,602		)	2,360,948		1.70
Mortgage-backed securities
Agency pass-through certificates	1,654,666		3,387			(75,204		)	1,582,849		3.14
	$	4,005,530	$	23,073		$	(84,806	)	$	3,943,797	2.30	%

During the quarter ended December 31, 2013, there were no available-for-sale securities sold. There were $43,899,000 of available-for-sale securities sold during the quarter ended December 31, 2012, resulting in a gain of $0. These securities were acquired from South Valley Bank and sold on the same day. Substantially all mortgage-backed securities have contractual due dates that exceed 10 years.

The following tables show the unrealized gross losses and fair value of securities at December 31, 2013 and September 30, 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.

December 31, 2013	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	$	(522	)	$	54,478	$	(312	)	$	32,782	$	(834	)	$	87,260
U.S. government and agency securities due	(5,819		)	523,034		(70		)	13,067		(5,889		)	536,101
Agency pass-through certificates	(102,068		)	2,211,194		(16,285		)	388,526		(118,353		)	2,599,720
	$	(108,409	)	$	2,788,706	$	(16,667	)	$	434,375	$	(125,076	)	$	3,223,081

31

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

September 30, 2013	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	$	(660	)	$	52,434	$	(238	)	$	9,763	$	(898	)	$	62,197
U.S. government and agency securities due	(4,144		)	309,109		(66		)	14,091		(4,210		)	323,200
Agency pass-through certificates	(78,291		)	1,703,948		(1,407		)	166,503		(79,698		)	1,870,451
	$	(83,095	)	$	2,065,491	$	(1,711	)	$	190,357	$	(84,806	)	$	2,255,848

32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

NOTE H – Covered Assets

Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements and were $277,343,000 as of December 31, 2013, versus $326,927,000 as of September 30, 2013.

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

December 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	$	78,277		$	138,091		$	17,263		$	157,856
Accretion	(7,862		)	7,862			(1,347		)	1,347
Transfers to REO	—			(399		)	—			—
Payments received, net	—			(39,402		)	—			(12,662		)
Balance at end of period	$	70,415		$	106,152		$	15,916		$	146,541

September 30, 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			—			—
Reclassification from nonaccretable balance, net	17,850			—			—			—
Accretion	(33,774		)	33,774			(6,526		)	6,526
Transfers to REO	—			(11,196		)	—			—
Payments received, net	—			(67,386		)	—			(62,093		)
Balance at end of period	$	78,277		$	138,091		$	17,263		$	157,856
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

At December 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 $313,204,000 and $362,248,000 as of December 31, 2013 and September 30, 2013, respectively. The discount balance related to the acquired loans was $60,511,000 and $66,301,000 as of December 31, 2013 and September 30, 2013, respectively.

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

	December 31, 2013			September 30, 2013
	(In thousands)
Balance at beginning of fiscal year 2014 and 2013	$	64,615		$	87,571
Additions (1)	—			18,101
Payments made (received)	(1,295		)	(13,421		)
Amortization	(5,717		)	(28,722		)
Accretion	215			1,086
Balance at end of period	$	57,818		$	64,615
(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 E ) as of December 31, 2013 and September 30, 2013:

December 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	23,971		$	—		$	2,717		$	—		$	—		$	26,688
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,648			—			719			—			—			4,367
Land - consumer lot loans	197			—			33			—			—			230
Multi-family	17,000			—			—			—			—			17,000
Commercial real estate	55,109			9,136			18,126			—			—			82,371
Commercial & industrial	4,599			—			3,752			—			—			8,351
HELOC	14,164			—			39			—			—			14,203
Consumer	588			—			—			—			—			588
	119,276			9,136			25,386			—			—			153,798
Total grade as a % of total net loans	77.6		%	5.9		%	16.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	15,610			360			25,727			—			—			41,697
Pool 2 - Single-family residential	20,478			—			92			—			—			20,570
Pool 3 - Multi-family	56			—			1,063			—			—			1,119
Pool 4 - HELOC & other consumer	4,098			—			1,775			—			—			5,873
Pool 5 - Commercial real estate	35,694			3,799			39,464			—			—			78,957
Pool 6 - Commercial & industrial	6,604			485			4,101			—			—			11,190
	$	82,540		$	4,644		$	72,222		$	—		$	—		159,406
										Total covered loans						313,204
													Discount			(60,511		)
													Allowance			—
													Covered loans, net			$	252,693

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

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

35

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status as of December 31, 2013 and September 30, 2013:

December 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	$	26,688	$	24,351	$	286	$	63	$	1,988	$	2,337	8.76	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,367		4,331		—		—		36		36		0.82
Land - Consumer Lot Loans	230		196		—		—		34		34		14.78
Multi-Family	17,000		17,000		—		—		—		—		—
Commercial Real Estate	82,371		80,820		—		—		1,551		1,551		1.88
Commercial & Industrial	8,351		8,308		—		43		—		43		0.51
HELOC	14,203		14,164		—		—		39		39		0.27
Consumer	588		588		—		—		—		—		—
	$	153,798	$	149,758	$	286	$	106	$	3,648	$	4,040	1.51	%

September 30, 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	$	28,460	$	27,411	$	78	$	—	$	971	$	1,049	3.69	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,810		4,774		—		—		36		36		0.75
Land - Consumer Lot Loans	245		199		—		—		46		46		18.78
Multi-Family	18,852		17,511		—		—		1,341		1,341		7.11
Commercial Real Estate	89,499		84,949		2,779		455		1,316		4,550		5.08
Commercial & Industrial	9,416		9,416		—		—		—		—		—
HELOC	14,750		14,334		103		74		239		416		2.82
Consumer	604		601		3		—		—		3		0.50
	$	166,636	$	159,195	$	2,963	$	529	$	3,949	$	7,441	4.47	%

NM - not meaningful

36

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED DECEMBER 31, 2013 AND 2012

(UNAUDITED)

NOTE I – Derivatives and Hedging Activities

The Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rate payments, while the bank retains a variable rate loan. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Company then enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under ASC 815, the Derivatives and Hedging topic, the instruments are marked to market in earnings.

The notional amount of open interest rate swap agreements at December 31, 2013 was $95,135,000 compared to $83,594,000 as of September 30, 2013. There was no impact to the statement of operations for the three months ended December 31, 2013 as the asset and liability side of the swaps offset each other. The fee income related to swaps was $252,000 for the Quarter Ended December 31, 2013.

The Company periodically enters into forward contracts to purchase mortgage-backed securities as part of its interest rate risk management program. The notional amount of commitments to purchase mortgage-backed securities at December 31, 2013 was $0 and at September 30, 2013 was $200,000,000. When there is a balance, the fair value of these contracts is included with the available-for-sale securities on the statement of financial condition.

The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2013 and September 30, 2013:

Asset Derivatives

Liability Derivatives

December 31, 2013

September 30, 2013

December 31, 2013

September 30, 2013

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

406

Other assets

$

7

Other liabilities

$

406

Other liabilities

$

7

Commitments to purchase MBS

AFS securities

—

AFS securities

$

3,188

N/A

N/A

N/A

N/A

NOTE J – Subsequent Events

Branch acquisition - Effective January 23, 2014, Washington Federal, the wholly owned subsidiary of the Company, entered into a Purchase and Assumption Agreement for the acquisition of deposits expected to total approximately $610 million, loans totaling approximately $4 million, and related assets, from Bank of America, National Association, for an aggregate purchase price of 1.30% of the average daily closing deposits, which is estimated to be $8 million. This acquisition represents a total of 23 branches located in Arizona and Nevada. Subject to regulatory approval and the satisfaction of customary closing conditions, the transaction is expected to close in the second calendar quarter of 2014.

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 being 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. 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. (the “Company”) formed in 1994, is a Washington corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the "Bank"). As used throughout this document, the terms "Washington Federal" or the "Company" refer to Washington Federal, Inc. and its consolidated subsidiaries and the term "Bank" refers to the operating subsidiary Washington Federal, National Association.

On July 17, 2013, the Bank converted from a federal savings association to a national bank charter with the Office of the Comptroller of the Currency and is now a national bank. At the same time, the Company which had previously been a savings and loan holding company, became a bank holding company under the Bank Holding Company Act.

The Company's fiscal year end is September 30th. All references to 2013 and 2012 represent balances as of September 30, 2013 and September 30, 2012, respectively, or activity for the fiscal years then ended.

The results discussed below were impacted by the acquisition on close of business October 31, 2013 of eleven branches from Bank of America, National Association; these branches are located in New Mexico. Effective as of the close of business on December 6, 2013, Washington Federal completed the acquisition of another forty branches from Bank of America, National Association; these branches are located in Washington, Oregon, and Idaho. The combined acquisitions provided recorded book values of $1.3 billion in deposit accounts, $9 million of loans, and $16 million in branch properties. Washington Federal paid a 2.60% premium on the total deposits. The cash received by Washington Federal in the transactions was $1.3 billion.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the first eleven branches for the period from November 1, 2013 to December 31, 2013 and for the additional forty branches from December 7, 2013 to December 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 recent branch acquisitions have accelerated these efforts. The acquired $1.3 billion in deposits are 83% transaction accounts. The Company has also been purchasing more variable rate investments. The composition of the investment portfolio is now 43% variable and 57% fixed rate. In addition, $1.6 billion of its purchased 30-year fixed rate mortgage-backed securities have been designated as held-to-maturity. With rising interest rates, these securities may be subject to unrealized losses. As of December 31, 2013, the unrealized losses on these securities were $110 million.

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.

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Maturity Gap Analysis. At December 31, 2013, the Company had approximately $2.873 billion more in liabilities subject to repricing in the next year than assets, which amounted to a negative one-year maturity gap of 19.95% of total assets. This was an increase from the 12.9% negative gap as of September 30, 2013. The increase is partly due to the recently acquired deposits as transaction accounts are subject to repricing at any time. This is combined with some shortening of maturities by existing clients. Additionally, the estimated maturities of mortgage securities has extended as prepayments have slowed. 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 lower margins when interest rates rise and higher margins when interest rates decline. Gap analysis provides management with a high-level indication of interest rate risk, but is considered less reliable than more detailed modeling.

Net Interest Income Sensitivity. 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 decrease by 5.8% in the next year. This compares to an estimated decrease of 1.6% in the prior quarter's analysis. The increased sensitivity is due to some maturity extension in the investment portfolio. In the event of a gradual increase from current rates by 200 basis points over a twelve-month period, the model forecasts a decrease in net interest income of 2.1% in the first year. 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.

NPV Sensitivity. 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 $520 million and the NPV to total assets ratio to decline to 15.48%. As of September 30, 2013, the estimated decrease in NPV in the event of a 200 basis point increase in rates was estimated to decline by $314 million and the NPV to total assets ratio to decline to 17.42%. The increased NPV sensitivity is due to higher interest rates and lower prices as of December 31, 2013. The base NPV ratio is also lower compared to the prior quarter due to the impact of the branch acquisitions.

Interest Rate Spread. The interest rate spread decreased to 2.58% at December 31, 2013 from 2.73% at September 30, 2013. The spread decreased due to a decline in the average rate on loans and investment securities. As of December 31, 2013, the weighted average rate on customer deposit accounts and borrowings decreased by 12 basis points compared to September 30, 2013, while the weighted average rates on earning assets decreased by 27 basis points over the same period.

As of December 31, 2013, the Company had increased total assets by $1,321,514,000 from $13,082,859,000 at September 30, 2013 due to the recent branch acquisitions that brought $1,314,477,000 in deposits. For the quarter ended December 31, 2013, compared to September 30, 2013, loans (both non-covered and covered) increased $80,274,000, or 1%. Investment securities increased $453,826,000, or 11.3%. Cash and cash equivalents of $967,348,000 and stockholders’ equity of $1,952,984,000 as of December 31, 2013 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s net worth at December 31, 2013 was $1,952,984,000, or 13.56% of total assets. This was an increase of $23,140,000 from September 30, 2013 when net worth was $1,937,635,000, or 14.81% of total assets. The Company’s net worth was impacted in the three months ended December 31, 2013 by net income of $40,236,000, the payment of $10,179,000 in cash dividends, treasury stock purchases that totaled $18,945,000, as well as a decrease in other comprehensive income of $6,183,000.

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)
December 31, 2013
Total capital (to risk-weighted assets)
The Company	$1,737,481	25.62	%	$542,535	8.00	%	NA	NA
The Bank	1,700,455	25.06	%	542,845	8.00	%	$678,557	10.00	%
Tier I capital (to risk-weighted assets)
The Company	1,652,186	24.36	%	271,268	4.00	%	NA	NA
The Bank	1,615,112	23.80	%	271,423	4.00	%	407,134	6.00	%
Tier I Capital (to average assets)
The Company	1,652,186	12.29	%	537,721	4.00	%	NA	NA
The Bank	1,615,112	12.01	%	537,831	4.00	%	272,289	5.00	%
September 30, 2013
Total capital (to risk-weighted assets)
The Company	1,749,383	26.49	%	528,243	8.00	%	NA	NA
The Bank	1,693,227	25.64	%	528,380	8.00	%	660,475	10.00	%
Tier I capital (to risk-weighted assets)
The Company	1,666,091	25.23	%	264,121	4.00	%	NA	NA
The Bank	1,609,914	24.38	%	264,190	4.00	%	396,285	6.00	%
Tier I Capital (to average assets)
The Company	1,666,091	13.03	%	511,334	4.00	%	NA	N/A
The Bank	1,609,914	12.59	%	511,358	4.00	%	639,197	5.00	%

The Company's cash and cash equivalents amounted to $967,348,000 at December 31, 2013, an increase from $203,563,000 at September 30, 2013. The Company is in the process of investing the liquid assets that were acquired in the recent branch acquisitions. Previously, it was holding higher than normal amounts of liquidity due to concern about potentially rising interest rates in the future. Additionally, see "Interest Rate Risk" above and the "Statement of Cash Flows" included in the financial statements.

CHANGES IN FINANCIAL CONDITION

Available-for-sale and held-to-maturity securities: Available-for-sale securities increased $477,566,000, or 20%, during the three months ended December 31, 2013, which included the purchase of $565,080,000 of available-for-sale securities. There were no available-for-sale securities sold during the three months ended December 31, 2013. During the same period, there were no held-to-maturity securities purchased and no sales. As of December 31, 2013, the Company had net unrealized gains on available-for-sale securities of $195,000, net of tax, which were recorded as part of stockholders’ equity. The Company increased its available-for-sale portfolio with investments made with the proceeds from the recent branch acquisitions.

Loans receivable: During the three months ended December 31, 2013, the balance of loans receivable increased to $7,651,558,000 compared to $7,528,030,000 at September 30, 2013. This increase includes net loan activity (originations less principal payments and maturities) for non covered loans of $127,367,000 and the acquisition of $8,278,000 in loans as described in Note B. Additionally, during the three month period, $9,956,000 of loans were transferred to REO.

Covered loans: As of December 31, 2013, covered loans decreased 14.6%, or $43,254,000 to $252,693,000, compared to September 30, 2013 due primarily to $50,220,000 of principal payments and maturities.

40

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

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

Loan Portfolio by Category *	December 31, 2013				September 30, 2013				June 30, 2013
Non-Acquired loans	(In thousands)
Single-family residential	$	5,421,896	66.8	%	$	5,359,149	67.1	%	$	5,253,604	67.6	%
Construction - speculative	135,868		1.7		130,778		1.6		116,363		1.5
Construction - custom	333,954		4.1		302,722		3.8		237,952		3.1
Land - acquisition & development	72,075		0.9		77,775		1.1		85,248		1.1
Land - consumer lot loans	119,206		1.5		121,671		1.5		128,745		1.7
Multi-family	842,343		10.4		831,684		10.4		741,870		9.5
Commercial real estate	433,361		5.3		414,961		5.1		398,130		5.1
Commercial & industrial	274,432		3.4		243,199		3.0		239,469		3.1
HELOC	111,577		1.4		112,186		1.4		111,418		1.4
Consumer	44,142		0.5		47,141		0.6		51,515		0.7
Total non-acquired loans	7,788,854		96		7,641,266		95.6		7,364,314		94.8
Acquired loans
Single-family residential	13,856		0.2		14,468		0.2		15,354		0.2
Construction - speculative	—		—		—		—		—		—
Construction - custom	—		—		—		—		—		—
Land - acquisition & development	1,206		—		1,489		—		3,720		—
Land - consumer lot loans	3,261		—		3,313		—		3,615		0.1
Multi-family	3,773		0.1		3,914		0.1		7,383		0.1
Commercial real estate	117,038		1.4		133,423		1.7		162,724		2.1
Commercial & industrial	72,594		0.9		75,326		0.9		88,768		1.1
HELOC	9,538		0.1		10,179		0.1		11,466		0.1
Consumer	7,754		0.1		8,267		0.1		9,035		0.1
Total acquired loans	229,020		2.8		250,379		3.1		302,065		3.8
Credit-impaired acquired loans
Single-family residential	331		—		333		—		335		—
Construction - speculative	—		—		—		—		—		—
Construction - custom	—		—		—		—		—		—
Land - acquisition & development	2,225		—		2,396		—		2,484		—
Land - consumer lot loans	—		—		—		—		—		—
Multi-family	—		—		—		—		—		—
Commercial real estate	71,841		1.0		76,909		1.1		78,519		1.1
Commercial & industrial	7,140		0.1		7,925		0.1		8,606		0.1
HELOC	10,834		0.1		11,266		0.1		12,015		0.2
Consumer	64		—		71		—		79		—
Total credit-impaired acquired loans	92,435		1.2		98,900		1.3		102,038		1.4
Total loans
Single-family residential	5,436,083		67.0		5,373,950		67.3		5,269,293		67.8
Construction - speculative	135,868		1.7		130,778		1.6		116,363		1.5
Construction - custom	333,954		4.1		302,722		3.8		237,952		3.1
Land - acquisition & development	75,506		0.9		81,660		1.1		91,452		1.1
Land - consumer lot loans	122,467		1.5		124,984		1.5		132,360		1.8

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Multi-family	846,116		10.5		835,598		10.5		749,253		9.6
Commercial real estate	622,240		7.7		625,293		7.9		639,373		8.3
Commercial & industrial	354,166		4.4		326,450		4		336,843		4.3
HELOC	131,949		1.6		133,631		1.6		134,899		1.7
Consumer	51,960		0.6		55,479		0.7		60,629		0.8
Total loans	8,110,309		100	%	7,990,545		100	%	7,768,417		100	%
Less:
Allowance for probable losses	118,158				116,741				118,104
Loans in process	273,263				275,577				189,677
Discount on acquired loans	31,485				34,143				37,568
Deferred net origination fees	35,845				36,054				32,562
	458,751				462,515				377,911
	$	7,651,558			$	7,528,030			$	7,390,506

 ____________________

* Excludes covered loans

Non-performing assets: Non-performing assets, which excludes discounted acquired assets, decreased during the quarter ended December 31, 2013 to $197,910,000 from $213,617,000 at September 30, 2013, a 7.4% 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 1.37% at December 31, 2013 compared to 1.63% at September 30, 2013. This level of NPAs remains significantly higher than the 0.96% 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

	December 31, 2013					September 30, 2013
	(In thousands)
Restructured loans:
Single-family residential	$	355,449		85.7	%	$	356,576		85.7	%
Construction - speculative	9,705			2.3		10,733			2.6
Construction - custom	1,196			0.3		1,196			0.3
Land - acquisition & development	6,037			1.5		7,211			1.7
Land - consumer lot loans	13,411			3.2		12,706			3.1
Multi - family	8,701			2.1		7,557			1.8
Commercial real estate	18,749			4.5		18,539			4.5
Commercial & industrial	44			—		56			—
HELOC	1,198			0.3		1,088			0.3
Consumer	71			—		33			—
Total restructured loans (1)	414,561			100	%	415,695			100	%
Non-accrual loans:
Single-family residential	89,075			77.6	%	100,460			76.5	%
Construction - speculative	3,053			2.7		4,560			3.5
Construction - custom	—			—		—			—
Land - acquisition & development	2,813			2.5		2,903			2.2
Land - consumer lot loans	3,548			3.1		3,337			2.5
Multi-family	2,494			2.2		6,573			5.0
Commercial real estate	11,613			10.1		11,736			8.9
Commercial & industrial	655			0.6		477			0.4
HELOC	471			0.4		263			0.2
Consumer	995			0.9		990			0.8
Total non-accrual loans (2)	114,717			100	%	131,299			100	%
Total REO (3)	71,537					72,925
Total REHI (3)	11,656					9,392
Total non-performing assets	$	197,910				$	213,616
Total non-performing assets and performing restructured loans as a percentage of total assets	4.09		%			4.52		%
(1)    Restructured loans were as follows:
Performing	$	390,841		94.3	%	$	391,415		94.2	%
Non-accrual *	23,720			5.7		24,281			5.8
	$	414,561		100	%	$	415,696		100	%

* Included in "Total non-accrual loans" above

(2) The Company recognized interest income on nonaccrual loans of approximately $1,507,000 in the three months ended December 31, 2013. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $1,512,000 for the three months ended December 31, 2013. The recognized interest income may include more than three months of interest for some of the loans that were brought current. In addition to the nonaccrual loans reflected in the above table, at December 31, 2013 the Company had $94,334,000 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 4.43% at December 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 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 85.8% of restructured loans as of December 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.

	December 31, 2013						September 30, 2013
	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	$	67,692	69.5	%	1.2	%	$	64,184	69.9	%	1.2	%
Construction - speculative	8,142		1.7		6.0		8,407		1.7		6.4
Construction - custom	1,474		4.3		0.4		882		4.0		0.3
Land - acquisition & development	7,084		0.9		9.8		9,165		1.0		11.8
Land - consumer lot loans	3,274		1.5		2.7		3,552		1.6		2.9
Multi-family	4,109		10.8		0.5		3,816		10.9		0.5
Commercial real estate	5,868		5.6		1.4		5,595		5.4		1.3
Commercial & industrial	16,505		3.7		5.7		16,614		3.4		6.5
HELOC	943		1.4		0.8		1,002		1.5		0.9
Consumer	3,067		0.6		6.9		3,524		0.6		7.5
	$	118,158	100	%			$	116,741	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.

44

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Customer accounts: Customer accounts increased $1,312,455,000, or 14.44%, to $10,402,726,000 at December 31, 2013 compared with $9,090,271,000 at September 30, 2013.

The following table shows the composition of the Company’s customer accounts by deposit type as of the dates shown:

	December 31, 2013						September 30, 2013
	(In thousands)
					Wtd. Avg. Rate						Wtd. Avg. Rate
Non-interest checking	$	674,824	6.5	%	—	%	$	447,368	4.9	%	—	%
Interest checking	1,227,548		11.8		0.13	%	800,516		8.8		0.13	%
Savings (passbook/stmt)	542,573		5.2		0.15	%	404,938		4.5		0.15	%
Money Market	2,268,979		21.8		0.22	%	1,888,020		20.8		0.23	%
CD’s	5,688,802		54.7		0.98	%	5,549,429		61.0		1.03	%
Total	$	10,402,726	100	%	0.61	%	$	9,090,271	100	%	0.69	%

FHLB advances and other borrowings: Total borrowings were $1,930,000,000 as of December 31, 2013 which is the same balance as of September 30, 2013. During the quarter ended December 31, 2013, there were short term borrowings of $625,000,000 that were used to make investments in anticipation of the receipt of cash related to the acquisition of branches from Bank of America, National Association as described in Note E. These were repaid prior to the quarter end.

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 December 31, 2013 produced net income of $40,236,000 compared to $35,282,000 for the same quarter one year ago. Net income for the quarter ended December 31, 2013 benefited from overall lower credit costs, which included the recovery for loan losses and reduced losses on real estate acquired through foreclosure. The provision for loan losses amounted to a recovery of $4,600,000 for the quarter ended December 31, 2013 as compared to a provision of $3,600,000 for the quarter 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. Gains/losses recognized on real estate acquired through foreclosure was a net loss of $1,951,000 for the quarter ended December 31, 2013 as compared to a net loss of $3,319,000 for the same quarter one year ago.

Net Interest Income: Net interest income was $98,312,000 for the quarter ended December 31, 2013, compared to $95,434,000 for the same quarter one year ago, due to lower rates on customer deposits.

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

Rate / Volume Analysis:

	Comparison of Quarters Ended 12/31/13 and 12/31/12
	Volume			Rate			Total
	(In thousands)
Interest income:
Loans and covered loans	$	(1,759	)	$	(7,857	)	$	(9,616	)
Mortgaged-backed securities	3,224			4,412			7,636
Investments (1)	617			1,312			1,929
All interest-earning assets	2,082			(2,133		)	(51		)
Interest expense:
Customer accounts	1,168			(4,441		)	(3,273		)
FHLB advances and other borrowings	1,419			(1,075		)	344
All interest-bearing liabilities	2,587			(5,516		)	(2,929		)
Change in net interest income	$	(505	)	$	3,383		$	2,878

___________________ 

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

Provision for Loan Losses: The Company recorded a $4,600,000 recovery for loan losses during the quarter ended December 31, 2013, while a $3,600,000 provision was recorded for the same quarter one year ago. Non-performing assets amounted to $197,910,000, or 1.37% , of total assets at December 31, 2013, compared to $264,219,000, or 2.02%, of total assets one year ago. Non-accrual loans decreased from $163,116,000 at December 31, 2012, to $114,717,000 at December 31, 2013, a 29.7% decrease. The Company had net recoveries of $6,017,000 for the quarter ended December 31, 2013, compared with $9,920,000 of net charge-offs for the same quarter one year ago. The improvement 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 2.14% at December 31, 2012, to 1.50% at December 31, 2013; third, the percentage of loans 30 days or more delinquent decreased from 2.80% at December 31, 2012, to 1.81% at December 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 3.0% of the gross loan portfolio at December 31, 2012, to 2.3% at December 31, 2013.

Management believes the allowance for loan losses, totaling $118,158,000, or 1.46% of gross loans, is sufficient to absorb estimated losses inherent in the portfolio. See Note E for further discussion and analysis of the allowance for loan losses for the quarter ended December 31, 2013.

46

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

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

Other Income: The quarter ended December 31, 2013 produced total other income of $5,788,000 compared to $4,957,000 for the same quarter one year ago, an increase of $831,000, due primarily to increased transaction fee income related to deposit accounts acquired as part of the acquisition of branches from Bank of America, National Association as of the close of business on October 31, 2013 and December 6, 2013. Please see Note B for additional information.

Other Expense: The quarter ended December 31, 2013, produced total other expense of $44,120,000 compared to $38,298,000 for the same quarter one year ago, a 15.2% increase. Total other expense for the quarters ended December 31, 2013 and 2012 equaled 1.30% and 1.20%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,848 and 1,430 at December 31, 2013 and 2012, respectively. Higher occupancy expense was due to an increase in the number of branches from 190 as of December 31, 2012 to 235 as of December 31, 2013.

Loss on Real Estate Acquired Through Foreclosure: The quarter ended December 31, 2013, produced a net loss on the sale of real estate acquired through foreclosure of $1,951,000 compared to $3,319,000 for the same quarter one year ago, a 41.2% decrease. The table below indicates some of the activity in the gain (loss) on real estate acquired through foreclosure.

	Quarter Ended December 31,
	2013			2012
	(In thousands)
Net Gain on Sale	$	2,333		$	1,697
REO Writedowns	(2,219		)	(2,659		)
REO Operating Expenses	(2,065		)	(2,357		)
Gain (Loss) on real estate acquired through foreclosure, net	$	(1,951	)	$	(3,319	)

Taxes: Income taxes increased to $22,393,000 for the quarter ended December 31, 2013, as compared to $19,892,000 for the same period one year ago. The effective tax rate for the quarter ended December 31, 2013 was 35.75% compared to 36.00% for the quarter ended December 31, 2012. The Company expects an effective tax rate of 35.75% 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, 2013. 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 2013 Form 10-K.

Item 4.        Controls and Procedures

(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, 2013. These factors could materially and adversely affect our business, financial condition, liquidity, results of operations and capital position, and could cause our actual results to differ materially from our historical results or the results contemplated by the forward-looking statements contained in this report.

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

The following table provides information with respect to purchases made by or on behalf of the Company of the Company’s common stock during the three months ended December 31, 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
October 1, 2013 to October 31, 2013	154,900	$	20.54	154,900	9,717,934
November 1, 2013 to November 30, 2013	700,000	22.52		700,000	9,017,934
December 1, 2013 to December 31, 2013	—	—		—	9,017,934
Total	854,900	$	22.16	854,900	9,017,934

 ___________________

(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 41,956,264 shares have been authorized for repurchase.

Item 3.        Defaults Upon Senior Securities

Not applicable

Item 4.        Mine Safety Disclosures

Not applicable

Item 5.        Other Information

Not applicable

Item 6.        Exhibits

48

(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, 2013 formatted in XBRL

49

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

SIGNATURES

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

February 7, 2014	/S/    ROY M. WHITEHEAD
	ROY M. WHITEHEAD Chairman, President and Chief Executive Officer
February 7, 2014	/S/    BRENT J. BEARDALL
	BRENT J. BEARDALL Executive Vice President and Chief Financial Officer

50

EX-31.1

Exhibit 31.1

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Roy M. Whitehead, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:	February 7, 2014	/s/ Roy M. Whitehead
		ROY M. WHITEHEAD Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Brent J. Beardall, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:	February 7, 2014	/s/ Brent J. Beardall
		BRENT J. BEARDALL
		Executive Vice President and Chief Financial Officer

EX-32

Exhibit 32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Washington Federal, Inc. (the “Company”) on Form 10-Q for the period ended December 31, 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: February 7, 2014

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

New Accounting Pronouncements (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013
New Accounting Pronouncements [Abstract]
Affordable Housing Tax Credits Expected to be Recognized in Current FIscal Year	$ 3
Affordable Housing Tax Credits, Net Investment Balance Recognized	25
Affordable Housing Tax Credits, Income Tax Expense Expected to be Recognized in Current Fiscal Year	4
Affordable Housing Tax Credits, Contingent Commitments for Equity Contributions in Current Fiscal Year [Member]	$ 27

XML

Subsequent Events (Details) (USD $)		0 Months Ended
	Dec. 31, 2013	Jan. 23, 2014 Subsequent Event [Member] Bank of America, National Association, Branch Acquisition [Member] branch
Subsequent Event [Line Items]
Deposits	$ 1,345,608,000	$ 610,000,000
Loans and related assets	1,345,608,000	4,000,000
Total consideration		$ 8,000,000
Aggregate purchase price percentage of average daily closing deposits		1.30%
Number of branches acquired (in branches)		23

XML

Loans Receivable (excluding Covered Loans) (Troubled Debt Restructurings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended																						12 Months Ended
	Dec. 31, 2013 contract	Dec. 31, 2012 contract	Dec. 31, 2013 Single-Family Residential [Member] contract	Dec. 31, 2012 Single-Family Residential [Member] contract	Dec. 31, 2013 Construction - Speculative [Member] contract	Dec. 31, 2012 Construction - Speculative [Member] contract	Dec. 31, 2013 Construction - Custom [Member] contract	Dec. 31, 2012 Construction - Custom [Member] contract	Dec. 31, 2013 Land - Acquisition & Development [Member] contract	Dec. 31, 2012 Land - Acquisition & Development [Member] contract	Dec. 31, 2013 Land - Consumer Lot Loans [Member] contract	Dec. 31, 2012 Land - Consumer Lot Loans [Member] contract	Dec. 31, 2013 Multi-Family [Member] contract	Dec. 31, 2012 Multi-Family [Member] contract	Dec. 31, 2013 Commercial Real Estate [Member] contract	Dec. 31, 2012 Commercial Real Estate [Member] contract	Dec. 31, 2013 Commercial & Industrial [Member] contract	Dec. 31, 2012 Commercial & Industrial [Member] contract	Dec. 31, 2013 HELOC [Member] contract	Dec. 31, 2012 HELOC [Member] contract	Dec. 31, 2013 Consumer [Member] contract	Dec. 31, 2012 Consumer [Member] contract	Sep. 30, 2013 Minimum [Member]	Sep. 30, 2013 Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts (in contracts)	124	118	113	105	0	1	0	0	0	0	5	11	2	1	1	0	0	0	1	0	2	0
Pre-Modification Outstanding Recorded Investment	$ 27,028	$ 33,746	$ 23,607	$ 29,339	$ 0	$ 2,503	$ 0	$ 0	$ 0	$ 0	$ 1,098	$ 1,836	$ 1,213	$ 68	$ 810	$ 0	$ 0	$ 0	$ 261	$ 0	$ 39	$ 0
Post-Modification Outstanding Recorded Investment	$ 27,028	$ 33,746	$ 23,607	$ 29,339	$ 0	$ 2,503	$ 0	$ 0	$ 0	$ 0	$ 1,098	$ 1,836	$ 1,213	$ 68	$ 810	$ 0	$ 0	$ 0	$ 261	$ 0	$ 39	$ 0
Loan Modification, Basis Point Reduction, Minimum	1.00%
Loan Modification, Basis Point Reduction, Maximum	2.00%
Term for Payment and Rate Reduction																							6 months	12 months
Single Family Residential Loans as Percentage of Restructured Loans	85.80%

XML

Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 273,263	$ 275,577
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process (excluding covered loans)	$ 304,000

XML

Fair Value Measurements (Investments by Contractual Maturity Date) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Amortized Cost, Available-for-sale securities
Amortized Cost	$ 2,838,197		$ 2,350,864
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains	14,428		19,686
Gross unrealized loss	(14,121)		(9,602)
Fair Value, Available-for-sale securities
Fair Value	2,838,504		2,360,948
Yield, Available-for-sale securities
Yield	2.00%		1.70%
Yield, Held-to-maturity securities
Investments	4,469,133		4,005,530
Gross unrealized gains on investments	15,837		23,073
Gross unrealized losses on investments	125,076		84,806
Fair value of investments	4,359,894		3,943,797
Yield on investments	2.41%		2.30%
Available-for-sale securities sold	0	43,899
Term of contractual due dates of substantially all mortgage-backed securities	10 years
US Treasury and Government [Member]
Amortized Cost, Available-for-sale securities
1 to 5 years	61,002		61,002
5 to 10 years	237,101		129,219
Over 10 years	335,626		344,571
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, 1 to 5 years	3,021		3,393
Gross unrealized gains, 5 to 10 years	0		0
Gross unrealized gains, Over 10 years	465		0
Gross unrealized losses, 1 to 5 years	(196)		(252)
Gross unrealized losses, 5 to 10 years	(2,396)		(1,547)
Gross unrealized losses, Over 10 years	(3,297)		(2,411)
Fair Value, Available-for-sale securities
1 to 5 years	63,827		64,143
5 to 10 years	234,705		127,672
Over 10 years	332,794		342,160
Yield, Available-for-sale securities
1 to 5 years	1.98%		1.98%
5 to 10 years	1.64%		0.86%
Over 10 years	0.93%		0.93%
Equity Securities [Member]
Amortized Cost, Available-for-sale securities
Within 1 year	500
1 to 5 years	100,000		500
5 to 10 years	0		100,000
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Within 1 year	3
Gross unrealized gains, 1 to 5 years	246		11
Gross unrealized gains, 5 to 10 years	0		726
Gross unrealized losses, Within 1 year	0
Gross unrealized losses, 1 to 5 years	0		0
Gross unrealized losses, 5 to 10 years	0		0
Fair Value, Available-for-sale securities
Within 1 year	503
1 to 5 years	100,246		511
5 to 10 years	0		100,726
Yield, Available-for-sale securities
Within 1 year	2.17%
1 to 5 years	1.80%		2.17%
5 to 10 years	0.00%		1.80%
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized Cost, Available-for-sale securities
Without single maturity date	1,636,178		1,245,400
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Without single maturity date	4,896		10,270
Gross unrealized losses, Without single maturity date	(7,398)		(4,494)
Fair Value, Available-for-sale securities
Without single maturity date	1,633,676		1,251,176
Yield, Available-for-sale securities
Without single maturity date	2.51%		2.18%
Amortized Cost, Held-to-maturity securities
Without single maturity date	1,630,936		1,654,666
Gross Unrealized Gains / Losses, Held-to-maturity securities
Gross unrealized gains, Without single maturity date	1,409		3,387
Gross unrealized losses, Without single maturity date	(110,955)		(75,204)
Fair Value, Held-to-maturity securities
Without single maturity date	1,521,390		1,582,849
Yield, Held-to-maturity securities
Without a single maturity date	3.13%		3.14%
Corporate Debt Securities [Member]
Amortized Cost, Available-for-sale securities
Within 1 year	0		19,500
1 to 5 years	334,278		317,190
5 to 10 years	113,095		113,060
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Within 1 year	0		3
Gross unrealized gains, 1 to 5 years	2,051		1,980
Gross unrealized gains, 5 to 10 years	1,523		1,180
Gross unrealized losses, Within 1 year	0		0
Gross unrealized losses, 1 to 5 years	(93)		(130)
Gross unrealized losses, 5 to 10 years	(741)		(768)
Fair Value, Available-for-sale securities
Within 1 year	0		19,503
1 to 5 years	336,236		319,040
5 to 10 years	113,877		113,472
Yield, Available-for-sale securities
Within 1 year	0.00%		0.49%
1 to 5 years	0.80%		0.75%
5 to 10 years	1.53%		1.53%
Municipal Bonds [Member]
Amortized Cost, Available-for-sale securities
Over 10 years	20,417		20,422
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Over 10 years	2,223		2,123
Gross unrealized losses, Over 10 years	0		0
Fair Value, Available-for-sale securities
Over 10 years	$ 22,640		$ 22,545
Yield, Available-for-sale securities
Over 10 years	6.45%		6.45%

XML

Allowance for Losses on Loans (Credit Risk Profile Based on Payment Activity) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,110,309	$ 7,990,545
Nonaccrual loans by portfolio segment	114,717	131,299	163,116
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,674,137	7,509,967
Grade as percentage of total gross loans	98.50%	98.30%
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	197,910		264,219
Grade as percentage of total gross loans	1.37%		2.02%
Nonaccrual loans by portfolio segment	114,717	131,299
Grade as a percetage of total gross loans	1.50%	1.70%
Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,436,083	5,373,950
Nonaccrual loans by portfolio segment	89,075	100,460
Single-Family Residential [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,332,821	5,258,688
Grade as percentage of total gross loans	98.40%	98.10%
Single-Family Residential [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	89,075	100,460
Grade as a percetage of total gross loans	1.60%	1.90%
Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	135,868	130,778
Nonaccrual loans by portfolio segment	3,053	4,560
Construction - Speculative [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	132,815	126,218
Grade as percentage of total gross loans	97.80%	96.50%
Construction - Speculative [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	3,053	4,560
Grade as a percetage of total gross loans	2.20%	3.50%
Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	333,954	302,722
Nonaccrual loans by portfolio segment	0	0
Construction - Custom [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	333,954	302,722
Grade as percentage of total gross loans	100.00%	100.00%
Construction - Custom [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	0	0
Grade as a percetage of total gross loans	0.00%	0.00%
Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	75,506	81,660
Nonaccrual loans by portfolio segment	2,813	2,903
Land - Acquisition & Development [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	69,262	74,872
Grade as percentage of total gross loans	96.10%	96.30%
Land - Acquisition & Development [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	2,813	2,903
Grade as a percetage of total gross loans	3.90%	3.70%
Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	122,467	124,984
Nonaccrual loans by portfolio segment	3,548	3,337
Land - Consumer Lot Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	115,658	118,334
Grade as percentage of total gross loans	97.00%	97.30%
Land - Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	3,548	3,337
Grade as a percetage of total gross loans	3.00%	2.70%
Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	846,116	835,598
Nonaccrual loans by portfolio segment	2,494	6,573
Multi-Family [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	839,849	825,111
Grade as percentage of total gross loans	99.70%	99.20%
Multi-Family [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	2,494	6,573
Grade as a percetage of total gross loans	0.30%	0.80%
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	622,240	625,293
Nonaccrual loans by portfolio segment	11,613	11,736
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	421,748	389,423
Grade as percentage of total gross loans	97.30%	97.10%
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	11,613	11,736
Grade as a percetage of total gross loans	2.70%	2.90%
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	354,166	326,450
Nonaccrual loans by portfolio segment	655	477
Commercial & Industrial [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	273,777	256,525
Grade as percentage of total gross loans	99.80%	99.80%
Commercial & Industrial [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	655	477
Grade as a percetage of total gross loans	0.20%	0.20%
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	131,949	133,631
Nonaccrual loans by portfolio segment	471	263
HELOC [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,106	111,923
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	471	263
Grade as a percetage of total gross loans	0.40%	0.20%
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	51,960	55,479
Nonaccrual loans by portfolio segment	995	990
Consumer [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	43,147	46,151
Grade as percentage of total gross loans	97.70%	97.90%
Consumer [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 995	$ 990
Grade as a percetage of total gross loans	2.30%	0.20%

XML

Derivatives and Hedging Activities (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Interest rate swap agreements
Derivative [Line Items]
Notional amount	$ 95,135,000	$ 83,594,000
Gain (loss) on derivative instruments	0
Fee income included in miscellaneous loan fees	252,000
Commitments to purchase MBS
Derivative [Line Items]
Notional amount	0	200,000,000
Other assets | Interest rate contracts
Derivative [Line Items]
Asset Derivatives, Fair Value	406,000	7,000
Other liabilities | Interest rate contracts
Derivative [Line Items]
Liability Derivatives, Fair Value	406,000	7,000
AFS securities | Commitments to purchase MBS
Derivative [Line Items]
Asset Derivatives, Fair Value	$ 0	$ 3,188,000

XML

Acquisitions

3 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Acquisitions

Acquisitions

Certain Branches of Bank of America, National Association

Effective as of the close of business on October 31, 2013, Washington Federal completed the acquisition of eleven branches from Bank of America, National Association; these branches are located in New Mexico. Effective as of the close of business on December 6, 2013, Washington Federal completed the acquisition of another forty branches from Bank of America, National Association; these branches are located in Washington, Oregon, and Idaho. The combined acquisitions provided recorded book values of $1.3 billion in deposit accounts, $9 million of loans, and $16 million in branch properties. Washington Federal paid a 2.60% premium on the total deposits. The cash received by Washington Federal in the transaction was $1.3 billion.

The acquisition will be accounted for under the acquisition method of accounting. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values. The purchase accounting is incomplete as the core deposit intangible valuation is not yet finalized, and the acquired loans, properties, and equipment had not yet been recorded at their fair values as of December 31, 2013. The purchase accounting fair value analysis is expected to be completed as of March 31, 2014.

The operating results of the Company include the operating results produced by the acquired assets and assumed liabilities for the first eleven branches for the period from November 1, 2013 to December 31, 2013 and for the additional forty branches from December 7, 2013 to December 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	$	1,280,077
Loans receivable, net	8,278
Property and equipment, net	17,476
Intangible Assets	35,522
Other assets	4,255
Total Assets	1,345,608
Liabilities:
Customer accounts	1,314,478
Other liabilities	31,130
Total Liabilities	1,345,608
Net assets acquired	$	—

XML

Fair Value Measurements (Securities in Unrealized Loss Positions) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ (108,409)	$ (83,095)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	2,788,706	2,065,491
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(16,667)	(1,711)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	434,375	190,357
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(125,076)	(84,806)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,223,081	2,255,848
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	(522)	(660)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	54,478	52,434
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(312)	(238)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	32,782	9,763
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(834)	(898)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	87,260	62,197
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	(5,819)	(4,144)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	523,034	309,109
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(70)	(66)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	13,067	14,091
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(5,889)	(4,210)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	536,101	323,200
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	(102,068)	(78,291)
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	2,211,194	1,703,948
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	(16,285)	(1,407)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	388,526	166,503
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	(118,353)	(79,698)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 2,599,720	$ 1,870,451

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Loans Receivable (excluding Covered Loans) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 8,110,309	$ 7,990,545
Ratio of type of loan to total loans receivable	100.00%	100.00%
Allowance for probable losses	118,158	116,741	133,147
Loans in process	273,263	275,577
Discount on acquired loans	31,485	34,143
Deferred net origination fees	35,845	36,054
Charges against loans receivable	458,751	462,515
Loans receivable, net	7,651,558	7,528,030
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,436,083	5,373,950
Ratio of type of loan to total loans receivable	67.00%	67.30%
Allowance for probable losses	67,692	64,184	81,815
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	135,868	130,778
Ratio of type of loan to total loans receivable	1.70%	1.60%
Allowance for probable losses	8,142	8,407	12,060
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	333,954	302,722
Ratio of type of loan to total loans receivable	4.10%	3.80%
Allowance for probable losses	1,474	882	347
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	75,506	81,660
Ratio of type of loan to total loans receivable	0.90%	1.10%
Allowance for probable losses	7,084	9,165	15,598
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	122,467	124,984
Ratio of type of loan to total loans receivable	1.50%	1.50%
Allowance for probable losses	3,274	3,552	4,937
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	846,116	835,598
Ratio of type of loan to total loans receivable	10.50%	10.50%
Allowance for probable losses	4,109	3,816	5,280
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	622,240	625,293
Ratio of type of loan to total loans receivable	7.70%	7.90%
Allowance for probable losses	5,868	5,595	1,956
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	354,166	326,450
Ratio of type of loan to total loans receivable	4.40%	4.00%
Allowance for probable losses	16,505	16,614	7,626
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	131,949	133,631
Ratio of type of loan to total loans receivable	1.60%	1.60%
Allowance for probable losses	943	1,002	965
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	51,960	55,479
Ratio of type of loan to total loans receivable	0.60%	0.70%
Allowance for probable losses	3,067	3,524	2,563
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,788,854	7,641,266
Ratio of type of loan to total loans receivable	96.10%	95.60%
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	5,421,896	5,359,149
Ratio of type of loan to total loans receivable	66.90%	67.10%
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	135,868	130,778
Ratio of type of loan to total loans receivable	1.70%	1.60%
Non-Acquired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	333,954	302,722
Ratio of type of loan to total loans receivable	4.10%	3.80%
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	72,075	77,775
Ratio of type of loan to total loans receivable	0.90%	1.10%
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	119,206	121,671
Ratio of type of loan to total loans receivable	1.50%	1.50%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	842,343	831,684
Ratio of type of loan to total loans receivable	10.40%	10.40%
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	433,361	414,961
Ratio of type of loan to total loans receivable	5.30%	5.10%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	274,432	243,199
Ratio of type of loan to total loans receivable	3.40%	3.00%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	111,577	112,186
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	44,142	47,141
Ratio of type of loan to total loans receivable	0.50%	0.60%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	229,020	250,379
Ratio of type of loan to total loans receivable	2.80%	3.10%
Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	13,856	14,468
Ratio of type of loan to total loans receivable	0.20%	0.20%
Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	0	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,206	1,489
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	3,261	3,313
Ratio of type of loan to total loans receivable	0.00%	0.00%
Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	3,773	3,914
Ratio of type of loan to total loans receivable	0.10%	0.10%
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	117,038	133,423
Ratio of type of loan to total loans receivable	1.40%	1.70%
Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	72,594	75,326
Ratio of type of loan to total loans receivable	0.90%	0.90%
Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	9,538	10,179
Ratio of type of loan to total loans receivable	0.10%	0.10%
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,754	8,267
Ratio of type of loan to total loans receivable	0.10%	0.10%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	92,435	98,900
Ratio of type of loan to total loans receivable	1.20%	1.30%
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	331	333
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	0	0
Ratio of type of loan to total loans receivable	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	2,225	2,396
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	0
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	71,841	76,909
Ratio of type of loan to total loans receivable	1.00%	1.10%
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	7,140	7,925
Ratio of type of loan to total loans receivable	0.10%	0.10%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	10,834	11,266
Ratio of type of loan to total loans receivable	0.10%	0.10%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 64	$ 71
Ratio of type of loan to total loans receivable	0.00%	0.00%

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Dividends (Narrative) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Dividends [Abstract]
Cash dividends per share (in dollars per share)	$ 0.1	$ 0.08

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Covered Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Covered Assets [Line Items]
Covered assets	$ 277,343	$ 326,927
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	64,615	87,571
Additions	0	18,101
Payments made (received)	(1,295)	(13,421)
Amortization	(5,717)	(28,722)
Accretion, Carrying Amount of Loans	215	1,086
Balance at end of period	57,818	64,615
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	78,277	50,902
Balance at beginning of period, Carrying Amount of Loans	138,091	74,953
Additions, AccretableYield		43,299
Additions, Carrying Amount of Loans		107,946
Reclassification from nonaccretable balance, net, AccretableYield		17,850
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(7,862)	(33,774)
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	(399)	(11,196)
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(39,402)	(67,386)
Balance at end of period, AccretableYield	70,415	78,277
Balance at end of period, Carrying Amount of Loans	106,152	138,091
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	7,862	33,774
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	17,263	23,789
Balance at beginning of period, Carrying Amount of Loans	157,856	213,423
Additions, AccretableYield		0
Additions, Carrying Amount of Loans		0
Reclassification from nonaccretable balance, net, AccretableYield		0
Reclassification from nonaccretable balance, net, Carrying Amount of Loans		0
Accretion, AccretableYield	(1,347)	(6,526)
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	(12,662)	(62,093)
Balance at end of period, AccretableYield	15,916	17,263
Balance at end of period, Carrying Amount of Loans	146,541	157,856
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Accretion, Carrying Amount of Loans	$ 1,347	$ 6,526

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Loans Receivable (excluding Covered Loans) (Schedule of Changes in the Accretable Yield for Acquired Loans) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretion, Carrying Amount of Loans	$ 215	$ 1,086
Credit Impaired Acquired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, AccretableYield	37,236	16,928
Balance at beginning of period, Carrying Amount of Loans	69,718	77,613
Reclassification from nonaccretable balance, net, AccretableYield		30,026
Reclassification from nonaccretable balance, net, Carrying Value of Loans		0
Additions, AccretableYield		0
Additions, Carrying Amount of Loans		9,865
Accretion, AccretableYield	(2,715)	(9,718)
Accretion, Carrying Amount of Loans	2,715	9,718
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	(346)	(3,975)
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(6,495)	(23,503)
Balance at end of period, AccretableYield	34,521	37,236
Balance at end of period, Carrying Amount of Loans	65,592	69,718
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	4,977	0
Balance at beginning of period, Carrying Amount of Loans	245,373	0
Reclassification from nonaccretable balance, net, AccretableYield		0
Reclassification from nonaccretable balance, net, Carrying Value of Loans		0
Additions, AccretableYield		10,804
Additions, Carrying Amount of Loans		351,335
Accretion, AccretableYield	(319)	(5,827)
Accretion, Carrying Amount of Loans	319	5,827
Transfers to REO, AccretableYield	0	0
Transfers to REO, Carrying Amount of Loans	(1,124)	(7,755)
Payments received, net, AccretableYield	0	0
Payments received, net, Carrying Amount of Loans	(20,453)	(104,034)
Balance at end of period, AccretableYield	4,658	4,977
Balance at end of period, Carrying Amount of Loans	$ 224,115	$ 245,373

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Loans Receivable (excluding Covered Loans) (Loans on Non-accrual Status) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 114,717	$ 131,299	$ 163,116
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	89,075	100,460
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	77.50%	76.50%
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	3,053	4,560
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.70%	3.50%
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	0	0
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.00%	0.00%
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	2,813	2,903
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.50%	2.20%
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	3,548	3,337
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	3.10%	2.50%
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	2,494	6,573
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.20%	5.00%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	11,613	11,736
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	10.10%	8.90%
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	655	477
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.60%	0.40%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	471	263
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.40%	0.20%
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 995	$ 990
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.90%	0.80%

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Summary of Significant Accounting Policies

3 Months Ended

Dec. 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” or "Washington Federal"). 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, 2013 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 2013 Annual Report on Form 10-K (“2013 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 2013 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 2013 Form 10-K.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at December 31, 2013, excluding covered loans, of $304 million. 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.

Reclassification of Real Estate Held for Investment into its own line item and out of Real Estate Held for Sale have been made to the financial statements for years prior to September 30, 2013 to conform to current year classifications.

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Loans Receivable (excluding Covered Loans) (Loans Receivable, Analysis of Age of Loans in Past Due Status) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	$ 7,837,046	$ 7,714,968
Current	7,695,002	7,563,335
30 Days	40,851	35,179
60 Days	11,494	14,933
90 Days	89,699	101,521
Total	142,044	151,633
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.81%	1.97%
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,515,854	7,365,734
Current	7,382,760	7,224,617
30 Days	39,456	32,437
60 Days	11,268	13,575
90 Days	82,370	95,105
Total	133,094	141,117
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.77%	1.92%
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	5,418,864	5,356,200
Current	5,304,409	5,237,413
30 Days	33,199	26,888
60 Days	10,318	12,373
90 Days	70,938	79,526
Total	114,455	118,787
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.11%	2.22%
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	87,485	82,422
Current	86,398	80,047
30 Days	37	0
60 Days	92	0
90 Days	958	2,375
Total	1,087	2,375
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.24%	2.88%
Non-Acquired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	154,776	130,095
Current	154,610	129,678
30 Days	166	417
60 Days	0	0
90 Days	0	0
Total	166	417
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.11%	0.32%
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	66,028	71,567
Current	63,890	70,106
30 Days	1	0
60 Days	119	0
90 Days	2,018	1,461
Total	2,138	1,461
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.24%	2.04%
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	119,024	121,473
Current	114,493	117,076
30 Days	989	806
60 Days	320	355
90 Days	3,222	3,236
Total	4,531	4,397
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.81%	3.62%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	812,635	790,564
Current	810,050	785,793
30 Days	1,031	0
60 Days	0	0
90 Days	1,554	4,771
Total	2,585	4,771
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.32%	0.60%
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	426,898	404,680
Current	422,781	398,114
30 Days	951	2,942
60 Days	0	351
90 Days	3,166	3,273
Total	4,117	6,566
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.96%	1.62%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	274,424	249,405
Current	272,589	249,363
30 Days	1,835	42
60 Days	0	0
90 Days	0	0
Total	1,835	42
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.67%	0.02%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	111,577	112,186
Current	110,995	111,407
30 Days	346	493
60 Days	114	213
90 Days	122	73
Total	582	779
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.52%	0.69%
Non-Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	44,143	47,142
Current	42,545	45,620
30 Days	901	849
60 Days	305	283
90 Days	392	390
Total	1,598	1,522
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.62%	3.23%
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	228,773	250,350
Current	222,434	243,718
30 Days	703	441
60 Days	162	894
90 Days	5,474	5,297
Total	6,339	6,632
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.77%	2.65%
Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	13,856	14,468
Current	13,813	14,343
30 Days	0	82
60 Days	0	0
90 Days	43	43
Total	43	125
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.31%	0.86%
Acquired Loans [Member] | Construction - Speculative [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%
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%
Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	1,206	1,489
Current	1,123	1,241
30 Days	83	0
60 Days	0	0
90 Days	0	248
Total	83	248
Ratio of past due loans to total loans, net of charge-offs and LIPs	6.88%	16.66%
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	3,261	3,313
Current	2,935	2,987
30 Days	0	125
60 Days	0	100
90 Days	326	101
Total	326	326
Ratio of past due loans to total loans, net of charge-offs and LIPs	10.00%	9.84%
Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	3,773	3,914
Current	3,636	3,914
30 Days	137	0
60 Days	0	0
90 Days	0	0
Total	137	0
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.63%	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	116,810	133,398
Current	112,685	128,610
30 Days	44	134
60 Days	0	617
90 Days	4,081	4,037
Total	4,125	4,788
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.53%	3.59%
Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	72,575	75,323
Current	71,903	74,992
30 Days	364	10
60 Days	146	153
90 Days	162	168
Total	672	331
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.93%	0.44%
Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	9,538	10,179
Current	9,263	10,063
30 Days	16	0
60 Days	0	16
90 Days	259	100
Total	275	116
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.88%	1.14%
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	7,754	8,266
Current	7,076	7,568
30 Days	59	90
60 Days	16	8
90 Days	603	600
Total	678	698
Ratio of past due loans to total loans, net of charge-offs and LIPs	8.74%	8.44%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	92,419	98,884
Current	89,808	95,000
30 Days	692	2,301
60 Days	64	464
90 Days	1,855	1,119
Total	2,611	3,884
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.83%	3.93%
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	331	333
Current	331	333
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	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%
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	2,224	2,393
Current	1,845	1,929
30 Days	0	0
60 Days	0	464
90 Days	379	0
Total	379	464
Ratio of past due loans to total loans, net of charge-offs and LIPs	17.04%	19.39%
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	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] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	71,826	83,116
Current	70,490	80,095
30 Days	379	2,301
60 Days	64	0
90 Days	893	720
Total	1,336	3,021
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.86%	3.63%
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	7,140	1,705
Current	6,647	1,396
30 Days	0	0
60 Days	0	0
90 Days	493	309
Total	493	309
Ratio of past due loans to total loans, net of charge-offs and LIPs	6.90%	18.12%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	10,834	11,266
Current	10,431	11,176
30 Days	313	0
60 Days	0	0
90 Days	90	90
Total	403	90
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.72%	0.80%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loan, Net of Charge-Offs and LIP	64	71
Current	64	71
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%

XML

Fair Value Measurements (Details) (USD $)	3 Months Ended																																																																																3 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Impaired Loans [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Impaired Loans [Member]	Dec. 31, 2013 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] Covered Real Estate Owned [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Real Estate Held for Sale [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value Total [Member] Real Estate Held for Sale [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Impaired Loans [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Covered Real Estate Owned [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 1 [Member] Real Estate Held for Sale [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Impaired Loans [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Covered Real Estate Owned [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 2 [Member] Real Estate Held for Sale [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Impaired Loans [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Impaired Loans [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Covered Real Estate Owned [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Covered Real Estate Owned [Member]	Dec. 31, 2013 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Real Estate Held for Sale [Member]	Dec. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Level 3 [Member] Real Estate Held for Sale [Member]	Dec. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 US Treasury and Government [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Obligations of States and Political Subdivisions [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Obligations of foreign governments [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Obligations of foreign governments [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Obligations of foreign governments [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Obligations of foreign governments [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Collateralized Mortgage Backed Securities [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Sep. 30, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Fair Value Total [Member]	Dec. 31, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Sep. 30, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 1 [Member]	Dec. 31, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Sep. 30, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 2 [Member]	Dec. 31, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Sep. 30, 2013 Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] Fair Value, Measurements, Recurring [Member] Level 3 [Member]	Dec. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member]	Dec. 31, 2012 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member]	Dec. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Impaired Loans [Member]	Dec. 31, 2012 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Impaired Loans [Member]	Dec. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Covered Real Estate Owned [Member]	Dec. 31, 2012 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Covered Real Estate Owned [Member]	Dec. 31, 2013 Change During Period, Fair Value Disclosure [Member] Fair Value, Measurements, Nonrecurring [Member] Real Estate Held for Sale [Member]	Dec. 31, 2012 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, at fair value		$ 2,838,504,000	$ 2,360,948,000	$ 2,838,504,000	$ 2,360,948,000	$ 100,246,000	$ 100,726,000	$ 2,738,258,000	$ 2,260,222,000	$ 0	$ 0																									$ 100,749,000	$ 101,237,000	$ 100,246,000	$ 100,726,000	$ 503,000	$ 511,000	$ 0	$ 0	$ 631,326,000	$ 533,975,000	$ 0	$ 0	$ 631,326,000	$ 533,975,000	$ 0	$ 0	$ 22,640,000	$ 22,545,000	$ 0	$ 0	$ 22,640,000	$ 22,545,000	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 450,113,000	$ 452,015,000	$ 0	$ 0	$ 450,113,000	$ 452,015,000	$ 0	$ 0	$ 0	$ 1,633,676,000	$ 1,251,176,000	$ 0	$ 0	$ 1,633,676,000	$ 1,251,176,000	$ 0	$ 0
Assets												17,208,000	49,744,000	5,580,000	21,238,000	1,286,000	3,080,000	10,342,000	25,426,000	0	0	0	0	0	0	0	0	17,208,000	49,744,000	5,580,000	21,238,000	1,286,000	3,080,000	10,342,000	25,426,000
Loss Related to Impaired Loans and Real Estate Held for Sale, Measured on Nonrecurring Basis																																																																																	2,985,000	17,440,000	(805,000)	9,813,000	65,000	91,000	3,725,000	7,536,000
Liabilities, Fair Value Disclosure, Recurring		0
Liabilities, Fair Value Disclosure, Nonrecurring		0
Gain on sale of investments	$ 0

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
ASSETS
Cash and cash equivalents	$ 967,348	$ 203,563
Available-for-sale securities, at fair value	2,838,504	2,360,948
Held-to-maturity securities, at amortized cost	1,630,936	1,654,666
Loans receivable, net	7,651,558	7,528,030
Covered loans, net	252,693	295,947
Interest receivable	49,629	49,218
Premises and equipment, net	224,745	206,172
Real estate held for sale	71,537	72,925
Real estate held for investment	11,656	9,392
Covered real estate held for sale	24,650	30,980
FDIC indemnification asset	57,818	64,615
FHLB & FRB stock	171,480	173,009
Intangible assets, net	299,019	264,318
Federal and state income tax assets, net	24,964	44,000
Other assets	127,836	125,076
Assets	14,404,373	13,082,859
Customer accounts
Transaction deposit accounts	4,713,924	3,540,842
Time deposit accounts	5,688,802	5,549,429
Savings and Demand Accounts and Repurchase Agreements with Customers	10,402,726	9,090,271
FHLB advances	1,930,000	1,930,000
Advance payments by borrowers for taxes and insurance	17,791	42,443
Accrued expenses and other liabilities	100,872	82,510
Liabilities	12,451,389	11,145,224
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,272,280 and 132,572,475 shares issued; 102,329,576 and 102,484,671 shares outstanding	133,273	132,573
Paid-in capital	1,634,771	1,625,051
Accumulated other comprehensive income, net of taxes	195	6,378
Treasury stock, at cost; 30,942,704 and 30,087,804 shares	(439,762)	(420,817)
Retained earnings	624,507	594,450
Stockholders' Equity Attributable to Parent	1,952,984	1,937,635
Liabilities and Equity	$ 14,404,373	$ 13,082,859

XML

Covered Assets (Credit Risk Profile by Internally Assigned Grade by Loan Status Designation) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Covered Assets, Loan Status Designation [Line Items]
Loans and Leases Receivable, Covered Loans, Gross	$ 313,204	$ 362,248
Discount balance related to acquired loans	(60,511)	(66,301)
Covered loans, allowance for losses	0	0
Loans and Leases Receivable, Covered Loans, Net Reported Amount	252,693	295,947
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	153,798	166,636
Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	159,406	195,612
Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	26,688	28,460
Construction - Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
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	4,367	4,810
Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	230	245
Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	17,000	18,852
Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	82,371	89,499
Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	8,351	9,416
HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,203	14,750
Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	588	604
Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	41,697	44,020
Pool 2 - Single-Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	20,570	21,541
Pool 3 - Multi-family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,119	5,231
Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	5,873	5,991
Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	78,957	105,553
Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	11,190	13,276
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	96.00%	95.60%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	119,276	123,606
Grade as percentage of total gross loans	77.60%	74.20%
Pass [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	82,540	84,903
Pass [Member] | Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	23,971	26,426
Pass [Member] | Construction - Speculative [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
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	3,648	3,069
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	197	245
Pass [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	17,000	17,217
Pass [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	55,109	56,120
Pass [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,599	5,175
Pass [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,164	14,750
Pass [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	588	604
Pass [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,610	14,361
Pass [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	20,478	21,541
Pass [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	56	4,131
Pass [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,098	4,111
Pass [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	35,694	36,494
Pass [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	6,604	4,265
Special Mention [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	0.60%	0.50%
Special Mention [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	9,136	10,754
Grade as percentage of total gross loans	5.90%	6.40%
Special Mention [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,644	19,613
Special Mention [Member] | Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Construction - Speculative [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	0	1,019
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] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	9,136	9,235
Special Mention [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	500
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] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	360	4,296
Special Mention [Member] | Pool 2 - 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] | Pool 3 - 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] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,799	15,113
Special Mention [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	485	204
Substandard [Member]
Covered Assets, Loan Status Designation [Line Items]
Grade as percentage of total gross loans	3.40%	3.90%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	25,386	32,276
Grade as percentage of total gross loans	16.50%	19.40%
Substandard [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	72,222	91,096
Substandard [Member] | Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,717	2,034
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	719	722
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	33	0
Substandard [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	1,635
Substandard [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	18,126	24,144
Substandard [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	3,752	3,741
Substandard [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	39	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] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	25,727	25,363
Substandard [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	92	0
Substandard [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,063	1,100
Substandard [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,775	1,880
Substandard [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	39,464	53,946
Substandard [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	4,101	8,807
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	0	0
Doubtful [Member] | Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Construction - Speculative [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] | 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 & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	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] | Pool 1 - Construction 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] | Pool 2 - 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] | Pool 3 - Multi-family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 5 - 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] | Pool 6 - Commercial and Industrial [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] | Residential Portfolio Segment [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Construction - Speculative [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] | 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 & Industrial [Member] | Acquired Non 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] | Pool 1 - Construction 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] | Pool 2 - 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] | Pool 3 - Multi-family [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 5 - 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] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0

XML

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (USD $) In Thousands, unless otherwise specified	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock
Balance, Beginning of period at Sep. 30, 2013	$ 1,937,635	$ 132,573	$ 1,625,051	$ 594,450	$ 6,378	$ (420,817)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	40,236			40,236
Other comprehensive income adjustment	(6,183)				(6,183)
Dividends paid on common stock	(10,179)			(10,179)
Compensation expense related to common stock options	300		300
Proceeds from exercise of common stock options	9,280	700	8,580
Restricted stock	840		840
Treasury stock acquired	(18,945)					(18,945)
Balance, End of period at Dec. 31, 2013	$ 1,952,984	$ 133,273	$ 1,634,771	$ 624,507	$ 195	$ (439,762)

XML

Allowance for Losses on Loans (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	$ 116,741	$ 133,147	$ 133,147
Charge-offs	(4,812)		(34,101)
Recoveries	10,829		16,345
Provisions & Transfers	(4,600)		1,350
Ending Allowance	118,158		116,741
Provision (recovery) for loan losses	(4,600)	3,600
Loans receivable, gross	8,110,309		7,990,545
Nonaccrual loans by portfolio segment	114,717	163,116	131,299
Percentage increase (decrease) in nonperforming assets	(29.70%)
Allowance for credit losses, charge-offs, net of recoveries	(6,017)	9,920
Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	64,184	81,815	81,815
Charge-offs	(2,334)		(20,947)
Recoveries	8,827		9,416
Provisions & Transfers	(2,985)		(6,100)
Ending Allowance	67,692		64,184
Loans receivable, gross	5,436,083		5,373,950
Nonaccrual loans by portfolio segment	89,075		100,460
Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	8,407	12,060	12,060
Charge-offs	(450)		(1,446)
Recoveries	95		501
Provisions & Transfers	90		(2,708)
Ending Allowance	8,142		8,407
Loans receivable, gross	135,868		130,778
Nonaccrual loans by portfolio segment	3,053		4,560
Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	882	347	347
Charge-offs	0		(481)
Recoveries	0		0
Provisions & Transfers	592		1,016
Ending Allowance	1,474		882
Loans receivable, gross	333,954		302,722
Nonaccrual loans by portfolio segment	0		0
Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	9,165	15,598	15,598
Charge-offs	(456)		(3,983)
Recoveries	439		4,105
Provisions & Transfers	(2,064)		(6,555)
Ending Allowance	7,084		9,165
Loans receivable, gross	75,506		81,660
Nonaccrual loans by portfolio segment	2,813		2,903
Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,552	4,937	4,937
Charge-offs	(242)		(1,363)
Recoveries	22		40
Provisions & Transfers	(58)		(62)
Ending Allowance	3,274		3,552
Loans receivable, gross	122,467		124,984
Nonaccrual loans by portfolio segment	3,548		3,337
Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,816	5,280	5,280
Charge-offs	0		(1,043)
Recoveries	0		171
Provisions & Transfers	293		(592)
Ending Allowance	4,109		3,816
Loans receivable, gross	846,116		835,598
Nonaccrual loans by portfolio segment	2,494		6,573
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	5,595	1,956	1,956
Charge-offs	0		(747)
Recoveries	0		17
Provisions & Transfers	273		4,369
Ending Allowance	5,868		5,595
Loans receivable, gross	622,240		625,293
Nonaccrual loans by portfolio segment	11,613		11,736
Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	16,614	7,626	7,626
Charge-offs	(248)		(1,145)
Recoveries	421		95
Provisions & Transfers	(282)		10,038
Ending Allowance	16,505		16,614
Loans receivable, gross	354,166		326,450
Nonaccrual loans by portfolio segment	655		477
HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	1,002	965	965
Charge-offs	0		(163)
Recoveries	0		0
Provisions & Transfers	(59)		200
Ending Allowance	943		1,002
Loans receivable, gross	131,949		133,631
Nonaccrual loans by portfolio segment	471		263
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,524	2,563	2,563
Charge-offs	(1,082)		(2,783)
Recoveries	1,025		2,000
Provisions & Transfers	(400)		1,744
Ending Allowance	3,067		3,524
Loans receivable, gross	51,960		55,479
Nonaccrual loans by portfolio segment	995		990
Loans Collectively Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	116,552		113,268
Loans receivable, gross	7,653,869		7,495,504
Allowance as a percentage of outstanding loans and leases	1.50%		1.50%
Loans Collectively Evaluated for Impairment [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	67,692		64,184
Loans receivable, gross	5,336,460		5,262,159
Allowance as a percentage of outstanding loans and leases	1.30%		1.20%
Loans Collectively Evaluated for Impairment [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	7,607		7,307
Loans receivable, gross	122,994		115,554
Allowance as a percentage of outstanding loans and leases	6.20%		6.30%
Loans Collectively Evaluated for Impairment [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,474		882
Loans receivable, gross	333,954		302,722
Allowance as a percentage of outstanding loans and leases	0.40%		0.30%
Loans Collectively Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	6,013		6,943
Loans receivable, gross	63,875		67,521
Allowance as a percentage of outstanding loans and leases	9.40%		10.30%
Loans Collectively Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,274		3,506
Loans receivable, gross	104,675		107,216
Allowance as a percentage of outstanding loans and leases	3.10%		3.30%
Loans Collectively Evaluated for Impairment [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	4,109		3,711
Loans receivable, gross	833,508		824,279
Allowance as a percentage of outstanding loans and leases	0.50%		0.50%
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	5,868		5,595
Loans receivable, gross	416,440		400,789
Allowance as a percentage of outstanding loans and leases	1.40%		1.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	16,505		16,614
Loans receivable, gross	287,251		256,954
Allowance as a percentage of outstanding loans and leases	5.70%		6.50%
Loans Collectively Evaluated for Impairment [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	943		1,002
Loans receivable, gross	110,570		111,169
Allowance as a percentage of outstanding loans and leases	0.90%		0.90%
Loans Collectively Evaluated for Impairment [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	3,067		3,524
Loans receivable, gross	44,142		47,141
Allowance as a percentage of outstanding loans and leases	6.90%		7.50%
Loans Individually Evaluated for Impairment [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,606		3,473
Loans receivable, gross	147,821		159,564
Allowance as a percentage of outstanding loans and leases	1.10%		2.20%
Loans Individually Evaluated for Impairment [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	85,436		96,989
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	535		1,100
Loans receivable, gross	12,874		15,224
Allowance as a percentage of outstanding loans and leases	4.20%		7.20%
Loans Individually Evaluated for Impairment [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	0		0
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	1,071		2,222
Loans receivable, gross	8,200		10,254
Allowance as a percentage of outstanding loans and leases	13.10%		21.70%
Loans Individually Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		46
Loans receivable, gross	14,531		14,455
Allowance as a percentage of outstanding loans and leases	0.00%		0.30%
Loans Individually Evaluated for Impairment [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		105
Loans receivable, gross	8,835		7,405
Allowance as a percentage of outstanding loans and leases	0.00%		1.40%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	16,921		14,172
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	17		48
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	1,007		1,017
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Ending Allowance	0		0
Loans receivable, gross	0		0
Allowance as a percentage of outstanding loans and leases	0.00%		0.00%
Nonperforming Financing Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Loans receivable, gross	197,910	264,219
Grade as percentage of total gross loans	1.37%	2.02%
Nonaccrual loans by portfolio segment	114,717		131,299
Nonperforming Financing Receivable [Member] | Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	89,075		100,460
Nonperforming Financing Receivable [Member] | Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	3,053		4,560
Nonperforming Financing Receivable [Member] | Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	0		0
Nonperforming Financing Receivable [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	2,813		2,903
Nonperforming Financing Receivable [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	3,548		3,337
Nonperforming Financing Receivable [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	2,494		6,573
Nonperforming Financing Receivable [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	11,613		11,736
Nonperforming Financing Receivable [Member] | Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	655		477
Nonperforming Financing Receivable [Member] | HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	471		263
Nonperforming Financing Receivable [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Nonaccrual loans by portfolio segment	$ 995		$ 990

XML

Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value of Assets Measured on Recurring Basis

The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2013 and September 30, 2013:

	Fair Value at December 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,246	$	503	$	—	$	100,749
Obligations of U.S. government	—		631,326		—		631,326
Obligations of states and political subdivisions	—		22,640		—		22,640
Corporate debt securities	—		450,113		—		450,113
Mortgage-backed securities					—
Agency pass-through certificates	—		1,633,676		—		1,633,676
Balance at end of period	$	100,246	$	2,738,258	$	—	$	2,838,504

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

	Fair Value at September 30, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,726	$	511	$	—	$	101,237
Obligations of U.S. government	—		533,975		—		533,975
Obligations of states and political subdivisions	—		22,545		—		22,545
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		452,015		—		452,015
Mortgage-backed securities
Agency pass-through certificates	—		1,251,176		—		1,251,176
Balance at end of period	$	100,726	$	2,260,222	$	—	$	2,360,948

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

The following tables present the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the three months ended December 31, 2013 and December 31, 2012, and the total losses resulting from those fair value adjustments for the quarters ended December 31, 2013 and December 31, 2012. These estimated fair values are shown gross of estimated selling costs.

	Through December 31, 2013								Quarter Ended December 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	5,580	$	5,580	$	(805	)
Covered REO (2)	—		—		1,286		1,286		65
Real estate held for sale (2)	—		—		10,342		10,342		3,725
Balance at end of period	$	—	$	—	$	17,208	$	17,208	$	2,985

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

 ___________________

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

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

Fair Value of Financial Instruments by Balance Sheet Grouping

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

		December 31, 2013				September 30, 2013
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	967,348	$	967,348	$	203,563	$	203,563
Available-for-sale securities
Equity securities	1	100,749		100,749		101,237		101,237
Obligations of U.S. government	2	631,326		631,326		533,975		533,975
Obligations of states and political subdivisions	2	22,640		22,640		22,545		22,545
Corporate debt securities	2	450,113		450,113		452,015		452,015
Mortgage-backed securities
Agency pass-through certificates	2	1,633,676		1,633,676		1,251,176		1,251,176
Total available-for-sale securities		2,838,504		2,838,504		2,360,948		2,360,948
Held-to-maturity securities	2
Total held-to-maturity securities		1,630,936		1,521,390		1,654,666		1,582,849
Loans receivable	3	7,651,558		8,174,920		7,528,030		8,070,279
Covered loans	3	252,693		255,885		295,947		300,610
FDIC indemnification asset	3	57,818		56,848		64,615		62,300
FHLB stock	2	171,480		171,480		173,009		173,009
Financial liabilities
Customer accounts	2	10,402,726		9,728,207		9,090,271		8,585,068
FHLB advances and other borrowings	2	1,930,000		2,053,910		1,930,000		2,064,248

The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2013 and September 30, 2013:

Asset Derivatives

Liability Derivatives

December 31, 2013

September 30, 2013

December 31, 2013

September 30, 2013

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

406

Other assets

$

7

Other liabilities

$

406

Other liabilities

$

7

Commitments to purchase MBS

AFS securities

—

AFS securities

$

3,188

N/A

N/A

N/A

N/A

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

The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of December 31, 2013 and September 30, 2013:

	December 31, 2013
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,021		(196		)	63,827		1.98
5 to 10 years	237,101		—		(2,396		)	234,705		1.64
Over 10 years	335,626		465		(3,297		)	332,794		0.93
Equity Securities
Within 1 year	500		3		—			503		2.17
1 to 5 years	100,000		246		—			100,246		1.80
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	—		—		—			—		—
1 to 5 years	334,278		2,051		(93		)	336,236		0.80
5 to 10 years	113,095		1,523		(741		)	113,877		1.53
Municipal bonds due
Over 10 years	20,417		2,223		—			22,640		6.45
Mortgage-backed securities
Agency pass-through certificates	1,636,178		4,896		(7,398		)	1,633,676		2.51
	2,838,197		14,428		(14,121		)	2,838,504		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,630,936		1,409		(110,955		)	1,521,390		3.13
	$	4,469,133	$	15,837	$	(125,076	)	$	4,359,894	2.41	%

	September 30, 2013
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,393			(252		)	64,143		1.98
5 to 10 years	129,219		—			(1,547		)	127,672		0.86
Over 10 years	344,571		—			(2,411		)	342,160		0.93
Equity Securities
1 to 5 years	500		11			—			511		2.17
5 to 10 years	100,000		726			—			100,726		1.80
Corporate bonds due
Within 1 year	19,500		3			—			19,503		0.49
1 to 5 years	317,190		1,980			(130		)	319,040		0.75
5 to 10 years	113,060		1,180			(768		)	113,472		1.53
Municipal bonds due
Over 10 years	20,422		2,123			—			22,545		6.45
Mortgage-backed securities
Agency pass-through certificates	1,245,400		10,270			(4,494		)	1,251,176		2.18
	2,350,864		19,686			(9,602		)	2,360,948		1.70
Mortgage-backed securities
Agency pass-through certificates	1,654,666		3,387			(75,204		)	1,582,849		3.14
	$	4,005,530	$	23,073		$	(84,806	)	$	3,943,797	2.30	%

Schedule of Unrealized Losses and Fair Value of Securities

The following tables show the unrealized gross losses and fair value of securities at December 31, 2013 and September 30, 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.

December 31, 2013	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	$	(522	)	$	54,478	$	(312	)	$	32,782	$	(834	)	$	87,260
U.S. government and agency securities due	(5,819		)	523,034		(70		)	13,067		(5,889		)	536,101
Agency pass-through certificates	(102,068		)	2,211,194		(16,285		)	388,526		(118,353		)	2,599,720
	$	(108,409	)	$	2,788,706	$	(16,667	)	$	434,375	$	(125,076	)	$	3,223,081

September 30, 2013	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	$	(660	)	$	52,434	$	(238	)	$	9,763	$	(898	)	$	62,197
U.S. government and agency securities due	(4,144		)	309,109		(66		)	14,091		(4,210		)	323,200
Agency pass-through certificates	(78,291		)	1,703,948		(1,407		)	166,503		(79,698		)	1,870,451
	$	(83,095	)	$	2,065,491	$	(1,711	)	$	190,357	$	(84,806	)	$	2,255,848

XML

Allowance for Losses on Loans (Internally Assigned Grade) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,110,309	$ 7,990,545
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,784,782	7,639,717
Grade as percentage of total gross loans	96.00%	95.60%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	51,582	42,499
Grade as percentage of total gross loans	0.60%	0.50%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	271,254	308,329
Grade as percentage of total gross loans	3.40%	3.90%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,691	0
Grade as percentage of total gross loans	0.00%	0.00%
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	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	5,436,083	5,373,950
Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	135,868	130,778
Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	333,954	302,722
Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	75,506	81,660
Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	122,467	124,984
Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	846,116	835,598
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	622,240	625,293
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	354,166	326,450
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	131,949	133,631
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	51,960	55,479
Non-Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,788,854	7,641,266
Non-Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,519,655	7,363,923
Non-Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	43,677	33,384
Non-Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	225,522	243,959
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	0	0
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,421,896	5,359,149
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,250,349	5,184,101
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,572	4,595
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	166,975	170,453
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	135,868	130,778
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	113,527	99,436
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,724	3,199
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	18,617	28,143
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	333,954	302,722
Non-Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	333,954	302,722
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	72,075	77,775
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	62,085	64,355
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	775
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	9,990	12,645
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	119,206	121,671
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	118,579	121,039
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	627	632
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	842,343	831,684
Non-Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	833,758	819,911
Non-Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,241	2,114
Non-Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,344	9,659
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	433,361	414,961
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	395,736	373,012
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	17,808	21,652
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	19,817	20,297
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	274,432	243,199
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	256,375	240,441
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	16,332	1,049
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,725	1,709
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	0	0
Non-Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,577	112,186
Non-Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	111,577	112,186
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	44,142	47,141
Non-Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	43,715	46,720
Non-Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	427	421
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	229,020	250,379
Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	197,008	209,754
Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	4,584	5,499
Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	27,282	35,126
Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	146	0
Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,856	14,468
Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	13,856	14,468
Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Speculative [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Construction - Custom [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,206	1,489
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	794	312
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	412	1,177
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,261	3,313
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,261	3,313
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,773	3,914
Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,636	3,227
Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	137	687
Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	117,038	133,423
Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	92,287	105,055
Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,543	4,190
Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	21,062	24,178
Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	146	0
Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	72,594	75,326
Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	65,882	64,933
Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,041	1,309
Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	5,671	9,084
Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	9,538	10,179
Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	9,538	10,179
Acquired Loans [Member] | HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,754	8,267
Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	7,754	8,267
Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Acquired Loans [Member] | Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
Credit Impaired Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	92,435	98,900
Credit Impaired Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	68,119	66,040
Credit Impaired Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,321	3,616
Credit Impaired Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	18,450	29,244
Credit Impaired Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,545	0
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	331	333
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	331	333
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	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,225	2,396
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,434	980
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	461
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	791	955
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	2,225	2,396
Credit Impaired Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
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	0
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	10,898	11,337
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	10,898	11,337
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	71,841	76,909
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	54,278	52,509
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	3,155
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	17,563	21,245
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	0	0
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	7,140	7,925
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,178	881
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,321	0
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	96	7,044
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,545	0
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	10,834	11,266
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 64	$ 71

XML

Derivatives and Hedging Activities (Tables)

3 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value and Balance Sheet Classification

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

		December 31, 2013				September 30, 2013
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	967,348	$	967,348	$	203,563	$	203,563
Available-for-sale securities
Equity securities	1	100,749		100,749		101,237		101,237
Obligations of U.S. government	2	631,326		631,326		533,975		533,975
Obligations of states and political subdivisions	2	22,640		22,640		22,545		22,545
Corporate debt securities	2	450,113		450,113		452,015		452,015
Mortgage-backed securities
Agency pass-through certificates	2	1,633,676		1,633,676		1,251,176		1,251,176
Total available-for-sale securities		2,838,504		2,838,504		2,360,948		2,360,948
Held-to-maturity securities	2
Total held-to-maturity securities		1,630,936		1,521,390		1,654,666		1,582,849
Loans receivable	3	7,651,558		8,174,920		7,528,030		8,070,279
Covered loans	3	252,693		255,885		295,947		300,610
FDIC indemnification asset	3	57,818		56,848		64,615		62,300
FHLB stock	2	171,480		171,480		173,009		173,009
Financial liabilities
Customer accounts	2	10,402,726		9,728,207		9,090,271		8,585,068
FHLB advances and other borrowings	2	1,930,000		2,053,910		1,930,000		2,064,248

The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2013 and September 30, 2013:

Asset Derivatives

Liability Derivatives

December 31, 2013

September 30, 2013

December 31, 2013

September 30, 2013

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

406

Other assets

$

7

Other liabilities

$

406

Other liabilities

$

7

Commitments to purchase MBS

AFS securities

—

AFS securities

$

3,188

N/A

N/A

N/A

N/A

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 40,236	$ 35,282
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of fees, discounts, premiums and intangible assets, net	1,057	536
Cash received from FDIC under loss share	1,295	4,566
Depreciation	2,700	2,300
Stock option compensation expense	300	300
Provision for (reversal of) loan losses	(4,600)	3,600
Loss (gain) on real estate held for sale, net	(597)	1,193
Decrease (increase) in accrued interest receivable	(411)	1,058
Decrease (increase) in income taxes receivable	22,629	(3,038)
Decrease in other assets	1,649	30,191
Decrease in accrued expenses and other liabilities	(12,768)	(15,437)
Net cash provided by operating activities	51,490	60,551
CASH FLOWS FROM INVESTING ACTIVITIES
Net principal collections (loan originations)	(68,870)	187,382
FHLB stock redemptions	1,376	1,382
Available-for-sale securities purchased	(565,080)	(261,966)
Principal payments and maturities of available-for-sale securities	76,805	31,404
Available-for-sale securities sold	0	43,899
Held-to-maturity securities purchased	0	(264,781)
Principal payments and maturities of available-for-sale securities	23,117	50,522
Net cash received from acquisition	1,280,077	202,308
Proceeds from sales of real estate held for sale	12,566	24,370
Proceeds from sales of covered REO	6,098	3,043
Proceeds from sales of real estate held for investment	1,729	5,775
Premises and equipment purchased and REO improvements	(9,232)	(12,185)
Net cash provided by investing activities	758,586	11,153
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in customer accounts	(1,795)	(77,942)
Proceeds from borrowings	625,000	0
Repayments of borrowings	(625,000)	(22,471)
Proceeds from exercise of common stock options	9,280	63
Dividends paid on common stock	(10,179)	(17,250)
Treasury stock purchased	(18,945)	(44,747)
Decrease in advance payments by borrowers for taxes and insurance	(24,652)	(23,489)
Net cash used by financing activities	(46,291)	(185,836)
Increase (decrease) in cash and cash equivalents	763,785	(114,132)
Cash and cash equivalents at beginning of period	203,563	751,430
Cash and cash equivalents at end of period	967,348	637,298
Non-cash investing activities
Non-covered real estate acquired through foreclosure	9,956	22,762
Covered real estate acquired through foreclosure	179	3,096
Cash paid during the period for
Interest	33,644	37,457
Income taxes	(236)	0
The following summarizes the non-cash activities related to acquisitions
Fair value of assets acquired	65,531	810,766
Fair value of liabilities assumed	(1,345,608)	(766,871)
Net fair value of assets (liabilities)	$ (1,280,077)	$ 43,895

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) (USD $)	Dec. 31, 2013	Sep. 30, 2013
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)	133,272,280	132,572,475
Common stock, shares outstanding (in shares)	102,329,576	102,484,671
Treasury stock, shares (in shares)	30,942,704	30,087,804

XML

Subsequent Events

3 Months Ended

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Branch acquisition - Effective January 23, 2014, Washington Federal, the wholly owned subsidiary of the Company, entered into a Purchase and Assumption Agreement for the acquisition of deposits expected to total approximately $610 million, loans totaling approximately $4 million, and related assets, from Bank of America, National Association, for an aggregate purchase price of 1.30% of the average daily closing deposits, which is estimated to be $8 million. This acquisition represents a total of 23 branches located in Arizona and Nevada. Subject to regulatory approval and the satisfaction of customary closing conditions, the transaction is expected to close in the second calendar quarter of 2014.

XML

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Jan. 31, 2014
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
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		102,510,030

XML

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Dec. 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.

Reclassification of Real Estate Held for Investment into its own line item and out of Real Estate Held for Sale have been made to the financial statements for years prior to September 30, 2013 to conform to current year classifications.

XML

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
INTEREST INCOME
Loans	$ 107,227	$ 116,843
Mortgage-backed securities	19,368	11,732
Investment securities and cash equivalents	4,663	2,734
Investment Income, Interest and Dividend	131,258	131,309
INTEREST EXPENSE
Customer accounts	15,499	18,772
FHLB advances and other borrowings	17,447	17,103
Interest Expense	32,946	35,875
Net interest income	98,312	95,434
Provision (recovery) for loan losses	(4,600)	3,600
Net interest income after provision (recovery) for loan losses	102,912	91,834
OTHER INCOME	5,788	4,957
OTHER EXPENSE
Compensation and benefits	25,126	21,072
Occupancy	5,618	4,446
FDIC insurance premiums	2,934	3,342
Information technology	2,929	2,438
Amortization of intangible assets	820	354
Other	6,693	6,646
Noninterest Expense	44,120	38,298
Loss on real estate acquired through foreclosure, net	(1,951)	(3,319)
Income before income taxes	62,629	55,174
Income tax provision	22,393	19,892
NET INCOME	$ 40,236	$ 35,282
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.39	$ 0.33
Diluted earnings (in dollars per share)	$ 0.39	$ 0.33
Basic weighted average number of shares outstanding (in shares)	102,329,578	105,998,184
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	102,813,154	106,043,914

XML

Allowance for Losses on Loans

3 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Allowance for Losses on Loans

Allowance for Losses on Loans

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

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

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

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

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

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

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

Quarter Ended December 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(2,334	)	$	8,827	$	(2,985	)	$	67,692
Construction - speculative	8,407		(450		)	95		90			8,142
Construction - custom	882		—			—		592			1,474
Land - acquisition & development	9,165		(456		)	439		(2,064		)	7,084
Land - consumer lot loans	3,552		(242		)	22		(58		)	3,274
Multi-family	3,816		—			—		293			4,109
Commercial real estate	5,595		—			—		273			5,868
Commercial & industrial	16,614		(248		)	421		(282		)	16,505
HELOC	1,002		—			—		(59		)	943
Consumer	3,524		(1,082		)	1,025		(400		)	3,067
	$	116,741	$	(4,812	)	$	10,829	$	(4,600	)	$	118,158

Fiscal Year Ended 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

The Company recorded a $4,600,000 recovery for loan losses during the quarter ended December 31, 2013, while a $3,600,000 provision was recorded for the same quarter one year ago. The primary reason was the favorable settlement of a lawsuit related to previously purchased loans. In addition, the credit quality of the portfolio has been improving significantly and economic conditions are more favorable.

Non-performing assets (“NPAs”) amounted to $197,910,000, or 1.37%, of total assets at December 31, 2013, compared to $264,219,000, or 2.02%, of total assets one year ago. Acquired loans, including covered loans, are not classified as non-performing loans because, at acquisition, the carrying value of these loans was adjusted to reflect fair value. There was no additional provision for loan losses recorded on acquired or covered loans during the quarter ended December 31, 2013 as the associated discount is adequate to absorb potential losses. Non-accrual loans decreased from $163,116,000 at December 31, 2012, to $114,717,000 at December 31, 2013, a 29.7% decrease.

The Company had net recoveries of $6,017,000 for the quarter ended December 31, 2013, compared with $9,920,000 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.

For the period ending December 31, 2013 , $116,552,000 of the allowance was calculated under our general allowance methodology and the remaining $1,606,000 was made up of specific reserves on loans that were deemed to be impaired. For the period ending September 30, 2013, these amounts were $113,268,000 and $3,473,000, respectively. The shift in total allowance allocation from specific reserves to general reserves is due to the Company having already addressed many of the problem loans focused in the speculative construction and land A&D portfolios, combined with an increase in delinquencies and elevated charge-offs in the single family residential portfolio.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2013 and September 30, 2013:

December 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	$	67,692	$	5,336,460	1.3	%	$	—	$	85,436	—	%
Construction - speculative	7,607		122,994		6.2		535		12,874		4.2
Construction - custom	1,474		333,954		0.4		—		—		—
Land - acquisition & development	6,013		63,875		9.4		1,071		8,200		13.1
Land - consumer lot loans	3,274		104,675		3.1		—		14,531		—
Multi-family	4,109		833,508		0.5		—		8,835		—
Commercial real estate	5,868		416,440		1.4		—		16,921		—
Commercial & industrial	16,505		287,251		5.7		—		17		—
HELOC	943		110,570		0.9		—		1,007		—
Consumer	3,067		44,142		6.9		—		—		—
	$	116,552	$	7,653,869	1.5	%	$	1,606	$	147,821	1.1	%

(1) Excludes acquired and covered loans

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 and covered loans

The following tables provide information on loans based on credit quality indicators (defined above) as of December 31, 2013 and September 30, 2013.

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

December 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,250,349		$	4,572		$	166,975		$	—		$	—		$	5,421,896
Construction - speculative	113,527			3,724			18,617			—			—			135,868
Construction - custom	333,954			—			—			—			—			333,954
Land - acquisition & development	62,085			—			9,990			—			—			72,075
Land - consumer lot loans	118,579			—			627			—			—			119,206
Multi-family	833,758			1,241			7,344			—			—			842,343
Commercial real estate	395,736			17,808			19,817			—			—			433,361
Commercial & industrial	256,375			16,332			1,725			—			—			274,432
HELOC	111,577			—			—			—			—			111,577
Consumer	43,715			—			427			—			—			44,142
	7,519,655			43,677			225,522			—			—			7,788,854
Acquired loans
Single-family residential	13,856			—			—			—			—			13,856
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	794			—			412			—			—			1,206
Land - consumer lot loans	3,261			—			—			—			—			3,261
Multi-family	3,636			—			137			—			—			3,773
Commercial real estate	92,287			3,543			21,062			146			—			117,038
Commercial & industrial	65,882			1,041			5,671			—			—			72,594
HELOC	9,538			—			—			—			—			9,538
Consumer	7,754			—			—			—			—			7,754
	197,008			4,584			27,282			146			—			229,020
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,434			—			791			—			—			2,225
Pool 2 - Single-family residential	331			—			—			—			—			331
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,898			—			—			—			—			10,898
Pool 5 - Commercial real estate	54,278			—			17,563			—			—			71,841
Pool 6 - Commercial & industrial	1,178			3,321			96			2,545			—			7,140
Total credit impaired acquired loans	68,119			3,321			18,450			2,545			—			92,435
Total gross loans	$	7,784,782		$	51,582		$	271,254		$	2,691		$	—		$	8,110,309
Total grade as a % of total gross loans	96.0		%	0.6		%	3.4		%	—		%	—		%

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		%	—		%	—		%

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

December 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,332,821	98.4	%	$	89,075	1.6	%
Construction - speculative	132,815		97.8		3,053		2.2
Construction - custom	333,954		100.0		—		—
Land - acquisition & development	69,262		96.1		2,813		3.9
Land - consumer lot loans	115,658		97.0		3,548		3.0
Multi-family	839,849		99.7		2,494		0.3
Commercial real estate	421,748		97.3		11,613		2.7
Commercial & industrial	273,777		99.8		655		0.2
HELOC	111,106		99.6		471		0.4
Consumer	43,147		97.7		995		2.3
	$	7,674,137	98.5	%	$	114,717	1.5	%

September 30, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(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		0.2
	$	7,509,967	98.3	%	$	131,299	1.7	%

The following table provides information on impaired loan balances and the related allowances by loan types as of December 31, 2013 and September 30, 2013:

December 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	32,815	$	36,758	$	—		$	26,315
Construction - speculative	2,324		2,602		—			1,734
Construction - custom	—		—		—			—
Land - acquisition & development	3,071		10,527		—			2,846
Land - consumer lot loans	3,039		3,184		—			3,697
Multi-family	807		848		—			605
Commercial real estate	21,258		29,657		—			15,872
Commercial & industrial	6,983		30,732		—			5,130
HELOC	392		1,055		—			1,128
Consumer	604		640		—			3,252
	71,293		116,003		—			60,579
With an allowance recorded:
Single-family residential	355,448		361,771		13,973			343,662
Construction - speculative	11,435		11,885		535			9,452
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	9,865		11,104		1,071			5,832
Land - consumer lot loans	13,411		13,794		—			15,550
Multi-family	8,701		8,921		—			5,345
Commercial real estate	18,749		19,686		—			12,097
Commercial & industrial	44		44		—			135
HELOC	1,198		1,198		—			2,504
Consumer	71		71		—			431
	420,118		429,670		15,579		(1)	395,668
Total:
Single-family residential	388,263		398,529		13,973			369,977
Construction - speculative	13,759		14,487		535			11,186
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	12,936		21,631		1,071			8,678
Land - consumer lot loans	16,450		16,978		—			19,247
Multi-family	9,508		9,769		—			5,950
Commercial real estate	40,007		49,343		—			27,969
Commercial & industrial	7,027		30,776		—			5,265
HELOC	1,590		2,253		—			3,632
Consumer	675		711		—			3,683
	$	491,411	$	545,673	$	15,579	(1)	$	456,247

(1)Includes $1,606,000 of specific reserves and $13,973,000 included in the general reserves.

September 30, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			2013 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.

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Loans Receivable (excluding Covered Loans)

3 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Loans Receivable (excluding Covered Loans)

Loans Receivable (excluding Covered Loans)

	December 31, 2013				September 30, 2013
	(In thousands)
Non-acquired loans
Single-family residential	$	5,421,896	66.9	%	$	5,359,149	67.1	%
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	72,075		0.9		77,775		1.1
Land - consumer lot loans	119,206		1.5		121,671		1.5
Multi-family	842,343		10.4		831,684		10.4
Commercial real estate	433,361		5.3		414,961		5.1
Commercial & industrial	274,432		3.4		243,199		3.0
HELOC	111,577		1.4		112,186		1.4
Consumer	44,142		0.5		47,141		0.6
Total non-acquired loans	7,788,854		96.1		7,641,266		95.6
Acquired loans
Single-family residential	13,856		0.2		14,468		0.2
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,206		—		1,489		—
Land - consumer lot loans	3,261		—		3,313		—
Multi-family	3,773		0.1		3,914		0.1
Commercial real estate	117,038		1.4		133,423		1.7
Commercial & industrial	72,594		0.9		75,326		0.9
HELOC	9,538		0.1		10,179		0.1
Consumer	7,754		0.1		8,267		0.1
Total acquired loans	229,020		2.8		250,379		3.1
Credit-impaired acquired loans
Single-family residential	331		—		333		—
Construction - speculative	—		—		—		—
Land - acquisition & development	2,225		—		2,396		—
Multi-family	—		—		—		—
Commercial real estate	71,841		1.0		76,909		1.1
Commercial & industrial	7,140		0.1		7,925		0.1
HELOC	10,834		0.1		11,266		0.1
Consumer	64		—		71		—
Total credit-impaired acquired loans	92,435		1.2		98,900		1.3
Total loans
Single-family residential	5,436,083		67.0		5,373,950		67.3
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	75,506		0.9		81,660		1.1
Land - consumer lot loans	122,467		1.5		124,984		1.5
Multi-family	846,116		10.5		835,598		10.5
Commercial real estate	622,240		7.7		625,293		7.9
Commercial & industrial	354,166		4.4		326,450		4.0

HELOC	131,949		1.6		133,631		1.6
Consumer	51,960		0.6		55,479		0.7
Total loans	8,110,309		100	%	7,990,545		100	%
Less:
Allowance for probable losses	118,158				116,741
Loans in process	273,263				275,577
Discount on acquired loans	31,485				34,143
Deferred net origination fees	35,845				36,054
	458,751				462,515
	$	7,651,558			$	7,528,030

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

December 31, 2013	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Accretion	(2,715		)	2,715			(319		)	319
Transfers to REO	—			(346		)	—			(1,124		)
Payments received, net	—			(6,495		)	—			(20,453		)
Balance as of end of period	$	34,521		$	65,592		$	4,658		$	224,115

September 30, 2013	Acquired Impaired						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 (1)	30,026			—			—			—
Additions (2)	—			9,865			10,804			351,335
Accretion	(9,718		)	9,718			(5,827		)	5,827
Transfers to REO	—			(3,975		)	—			(7,755		)
Payments received, net	—			(23,503		)	—			(104,034		)
Balance as of end of period	$	37,236		$	69,718		$	4,977		$	245,373
(1) reclassification due to improvements in expected cash flows of the underlying loans.
(2) includes acquired loans which were acquired as part of the South Valley acquisition.

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

	December 31, 2013				September 30, 2013
	(In thousands)
Non-accrual loans:
Single-family residential	$	89,075	77.5	%	$	100,460	76.5	%
Construction - speculative	3,053		2.7		4,560		3.5
Construction - custom	—		—		—		—
Land - acquisition & development	2,813		2.5		2,903		2.2
Land - consumer lot loans	3,548		3.1		3,337		2.5
Multi-family	2,494		2.2		6,573		5.0
Commercial real estate	11,613		10.1		11,736		8.9
Commercial & industrial	655		0.6		477		0.4
HELOC	471		0.4		263		0.2
Consumer	995		0.9		990		0.8
Total non-accrual loans	$	114,717	100	%	$	131,299	100	%

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

December 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	$	5,418,864	$	5,304,409	$	33,199	$	10,318	$	70,938	$	114,455	2.11	%
Construction - Speculative	87,485		86,398		37		92		958		1,087		1.24
Construction - Custom	154,776		154,610		166		—		—		166		0.11
Land - Acquisition & Development	66,028		63,890		1		119		2,018		2,138		3.24
Land - Consumer Lot Loans	119,024		114,493		989		320		3,222		4,531		3.81
Multi-Family	812,635		810,050		1,031		—		1,554		2,585		0.32
Commercial Real Estate	426,898		422,781		951		—		3,166		4,117		0.96
Commercial & Industrial	274,424		272,589		1,835		—		—		1,835		0.67
HELOC	111,577		110,995		346		114		122		582		0.52
Consumer	44,143		42,545		901		305		392		1,598		3.62
Total non-acquired loans	7,515,854		7,382,760		39,456		11,268		82,370		133,094		1.77	%
Acquired loans
Single-Family Residential	13,856		13,813		$	—	—		43		43		0.31	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	1,206		1,123		83		—		—		83		6.88
Land - Consumer Lot Loans	3,261		2,935		—		—		326		326		10.00

Multi-Family	3,773		3,636		137		—		—		137		3.63
Commercial Real Estate	116,810		112,685		44		—		4,081		4,125		3.53
Commercial & Industrial	72,575		71,903		364		146		162		672		0.93
HELOC	9,538		9,263		16		—		259		275		2.88
Consumer	7,754		7,076		59		16		603		678		8.74
Total acquired loans	228,773		222,434		703		162		5,474		6,339		2.77	%
Credit-impaired acquired loans
Single-Family Residential	331		331		—		—		—		—		—	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,224		1,845		—		—		379		379		17.04
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	71,826		70,490		379		64		893		1,336		1.86
Commercial & Industrial	7,140		6,647		—		—		493		493		6.90
HELOC	10,834		10,431		313		—		90		403		3.72
Consumer	64		64		—		—		—		—		—
Total credit-impaired acquired loans	92,419		89,808		692		64		1,855		2,611		2.83	%
Total loans	$	7,837,046	$	7,695,002	$	40,851	$	11,494	$	89,699	$	142,044	1.81	%

September 30, 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)
Single-Family Residential	$	5,356,200	$	5,237,413	$	26,888	$	12,373	$	79,526	$	118,787	2.22	%
Construction - Speculative	82,422		80,047		—		—		2,375		2,375		2.88
Construction - Custom	130,095		129,678		417		—		—		417		0.32
Land - Acquisition & Development	71,567		70,106		—		—		1,461		1,461		2.04
Land - Consumer Lot Loans	121,473		117,076		806		355		3,236		4,397		3.62
Multi-Family	790,564		785,793		—		—		4,771		4,771		0.60
Commercial Real Estate	404,680		398,114		2,942		351		3,273		6,566		1.62
Commercial & Industrial	249,405		249,363		42		—		—		42		0.02
HELOC	112,186		111,407		493		213		73		779		0.69
Consumer	47,142		45,620		849		283		390		1,522		3.23
Total non-acquired loans	7,365,734		7,224,617		32,437		13,575		95,105		141,117		1.92

Acquired loans
Single-Family Residential	14,468		14,343		82		—		43		125		0.86
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	1,489		1,241		—		—		248		248		16.66
Land - Consumer Lot Loans	3,313		2,987		125		100		101		326		9.84
Multi-Family	3,914		3,914		—		—		—		—		—
Commercial Real Estate	133,398		128,610		134		617		4,037		4,788		3.59
Commercial & Industrial	75,323		74,992		10		153		168		331		0.44
HELOC	10,179		10,063		—		16		100		116		1.14
Consumer	8,266		7,568		90		8		600		698		8.44
Total acquired loans	250,350		243,718		441		894		5,297		6,632		2.65
Credit-impaired acquired loans
Single-Family Residential	333		333		—		—		—		—		—
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,393		1,929		—		464		—		464		19.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,116		80,095		2,301		—		720		3,021		3.63
Commercial & Industrial	1,705		1,396		—		—		309		309		18.12
HELOC	11,266		11,176		—		—		90		90		0.80
Consumer	71		71		—		—		—		—		—
Total credit-impaired acquired loans	98,884		95,000		2,301		464		1,119		3,884		3.93	%
Total loans	$	7,714,968	$	7,563,335	$	35,179	$	14,933	$	101,521	$	151,633	1.97	%

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of December 31, 2013, single-family residential loans comprised 85.8% of TDRs.

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

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

	Quarter Ended December 31,
	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	113	$	23,607	$	23,607	105	$	29,339	$	29,339
Construction - Speculative	—	—		—		1	2,503		2,503
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		—	—		—
Land - Consumer Lot Loans	5	1,098		1,098		11	1,836		1,836
Multi-Family	2	1,213		1,213		1	68		68
Commercial Real Estate	1	810		810		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	261		261		—	—		—
Consumer	2	39		39		—	—		—
	124	$	27,028	$	27,028	118	$	33,746	$	33,746

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

	Quarter Ended December 31,
	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	24	$	3,624	31	$	7,498
Construction - Speculative	—	—		5	904
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	2	166		—	—
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	26	$	3,790	36	$	8,402

XML

Covered Assets (Tables)

3 Months Ended

Dec. 31, 2013

Covered Assets [Abstract]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

hanges in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter ended December 31, 2013 and the fiscal year ended September 30, 2013 were as follows:

December 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	$	78,277		$	138,091		$	17,263		$	157,856
Accretion	(7,862		)	7,862			(1,347		)	1,347
Transfers to REO	—			(399		)	—			—
Payments received, net	—			(39,402		)	—			(12,662		)
Balance at end of period	$	70,415		$	106,152		$	15,916		$	146,541

September 30, 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			—			—
Reclassification from nonaccretable balance, net	17,850			—			—			—
Accretion	(33,774		)	33,774			(6,526		)	6,526
Transfers to REO	—			(11,196		)	—			—
Payments received, net	—			(67,386		)	—			(62,093		)
Balance at end of period	$	78,277		$	138,091		$	17,263		$	157,856
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

Schedule of Activity for FDIC Indemnification Asset

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

	December 31, 2013			September 30, 2013
	(In thousands)
Balance at beginning of fiscal year 2014 and 2013	$	64,615		$	87,571
Additions (1)	—			18,101
Payments made (received)	(1,295		)	(13,421		)
Amortization	(5,717		)	(28,722		)
Accretion	215			1,086
Balance at end of period	$	57,818		$	64,615
(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 above) as of December 31, 2013 and September 30, 2013.

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

December 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,250,349		$	4,572		$	166,975		$	—		$	—		$	5,421,896
Construction - speculative	113,527			3,724			18,617			—			—			135,868
Construction - custom	333,954			—			—			—			—			333,954
Land - acquisition & development	62,085			—			9,990			—			—			72,075
Land - consumer lot loans	118,579			—			627			—			—			119,206
Multi-family	833,758			1,241			7,344			—			—			842,343
Commercial real estate	395,736			17,808			19,817			—			—			433,361
Commercial & industrial	256,375			16,332			1,725			—			—			274,432
HELOC	111,577			—			—			—			—			111,577
Consumer	43,715			—			427			—			—			44,142
	7,519,655			43,677			225,522			—			—			7,788,854
Acquired loans
Single-family residential	13,856			—			—			—			—			13,856
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	794			—			412			—			—			1,206
Land - consumer lot loans	3,261			—			—			—			—			3,261
Multi-family	3,636			—			137			—			—			3,773
Commercial real estate	92,287			3,543			21,062			146			—			117,038
Commercial & industrial	65,882			1,041			5,671			—			—			72,594
HELOC	9,538			—			—			—			—			9,538
Consumer	7,754			—			—			—			—			7,754
	197,008			4,584			27,282			146			—			229,020
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,434			—			791			—			—			2,225
Pool 2 - Single-family residential	331			—			—			—			—			331
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,898			—			—			—			—			10,898
Pool 5 - Commercial real estate	54,278			—			17,563			—			—			71,841
Pool 6 - Commercial & industrial	1,178			3,321			96			2,545			—			7,140
Total credit impaired acquired loans	68,119			3,321			18,450			2,545			—			92,435
Total gross loans	$	7,784,782		$	51,582		$	271,254		$	2,691		$	—		$	8,110,309
Total grade as a % of total gross loans	96.0		%	0.6		%	3.4		%	—		%	—		%

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		%	—		%	—		%

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

December 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,332,821	98.4	%	$	89,075	1.6	%
Construction - speculative	132,815		97.8		3,053		2.2
Construction - custom	333,954		100.0		—		—
Land - acquisition & development	69,262		96.1		2,813		3.9
Land - consumer lot loans	115,658		97.0		3,548		3.0
Multi-family	839,849		99.7		2,494		0.3
Commercial real estate	421,748		97.3		11,613		2.7
Commercial & industrial	273,777		99.8		655		0.2
HELOC	111,106		99.6		471		0.4
Consumer	43,147		97.7		995		2.3
	$	7,674,137	98.5	%	$	114,717	1.5	%

September 30, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(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		0.2
	$	7,509,967	98.3	%	$	131,299	1.7	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of December 31, 2013 and September 30, 2013:

December 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	23,971		$	—		$	2,717		$	—		$	—		$	26,688
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,648			—			719			—			—			4,367
Land - consumer lot loans	197			—			33			—			—			230
Multi-family	17,000			—			—			—			—			17,000
Commercial real estate	55,109			9,136			18,126			—			—			82,371
Commercial & industrial	4,599			—			3,752			—			—			8,351
HELOC	14,164			—			39			—			—			14,203
Consumer	588			—			—			—			—			588
	119,276			9,136			25,386			—			—			153,798
Total grade as a % of total net loans	77.6		%	5.9		%	16.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	15,610			360			25,727			—			—			41,697
Pool 2 - Single-family residential	20,478			—			92			—			—			20,570
Pool 3 - Multi-family	56			—			1,063			—			—			1,119
Pool 4 - HELOC & other consumer	4,098			—			1,775			—			—			5,873
Pool 5 - Commercial real estate	35,694			3,799			39,464			—			—			78,957
Pool 6 - Commercial & industrial	6,604			485			4,101			—			—			11,190
	$	82,540		$	4,644		$	72,222		$	—		$	—		159,406
										Total covered loans						313,204
													Discount			(60,511		)
													Allowance			—
													Covered loans, net			$	252,693

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

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 as of December 31, 2013 and September 30, 2013:

December 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	$	26,688	$	24,351	$	286	$	63	$	1,988	$	2,337	8.76	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,367		4,331		—		—		36		36		0.82
Land - Consumer Lot Loans	230		196		—		—		34		34		14.78
Multi-Family	17,000		17,000		—		—		—		—		—
Commercial Real Estate	82,371		80,820		—		—		1,551		1,551		1.88
Commercial & Industrial	8,351		8,308		—		43		—		43		0.51
HELOC	14,203		14,164		—		—		39		39		0.27
Consumer	588		588		—		—		—		—		—
	$	153,798	$	149,758	$	286	$	106	$	3,648	$	4,040	1.51	%

September 30, 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	$	28,460	$	27,411	$	78	$	—	$	971	$	1,049	3.69	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,810		4,774		—		—		36		36		0.75
Land - Consumer Lot Loans	245		199		—		—		46		46		18.78
Multi-Family	18,852		17,511		—		—		1,341		1,341		7.11
Commercial Real Estate	89,499		84,949		2,779		455		1,316		4,550		5.08
Commercial & Industrial	9,416		9,416		—		—		—		—		—
HELOC	14,750		14,334		103		74		239		416		2.82
Consumer	604		601		3		—		—		3		0.50
	$	166,636	$	159,195	$	2,963	$	529	$	3,949	$	7,441	4.47	%

NM - not meaningful

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Acquisitions (Tables)

3 Months Ended

Dec. 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	$	1,280,077
Loans receivable, net	8,278
Property and equipment, net	17,476
Intangible Assets	35,522
Other assets	4,255
Total Assets	1,345,608
Liabilities:
Customer accounts	1,314,478
Other liabilities	31,130
Total Liabilities	1,345,608
Net assets acquired	$	—

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Covered Assets

3 Months Ended

Dec. 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 $277,343,000 as of December 31, 2013, versus $326,927,000 as of September 30, 2013.

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

December 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	$	78,277		$	138,091		$	17,263		$	157,856
Accretion	(7,862		)	7,862			(1,347		)	1,347
Transfers to REO	—			(399		)	—			—
Payments received, net	—			(39,402		)	—			(12,662		)
Balance at end of period	$	70,415		$	106,152		$	15,916		$	146,541

September 30, 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			—			—
Reclassification from nonaccretable balance, net	17,850			—			—			—
Accretion	(33,774		)	33,774			(6,526		)	6,526
Transfers to REO	—			(11,196		)	—			—
Payments received, net	—			(67,386		)	—			(62,093		)
Balance at end of period	$	78,277		$	138,091		$	17,263		$	157,856
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

At December 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 $313,204,000 and $362,248,000 as of December 31, 2013 and September 30, 2013, respectively. The discount balance related to the acquired loans was $60,511,000 and $66,301,000 as of December 31, 2013 and September 30, 2013, respectively.

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

	December 31, 2013			September 30, 2013
	(In thousands)
Balance at beginning of fiscal year 2014 and 2013	$	64,615		$	87,571
Additions (1)	—			18,101
Payments made (received)	(1,295		)	(13,421		)
Amortization	(5,717		)	(28,722		)
Accretion	215			1,086
Balance at end of period	$	57,818		$	64,615
(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 E ) as of December 31, 2013 and September 30, 2013:

December 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	23,971		$	—		$	2,717		$	—		$	—		$	26,688
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,648			—			719			—			—			4,367
Land - consumer lot loans	197			—			33			—			—			230
Multi-family	17,000			—			—			—			—			17,000
Commercial real estate	55,109			9,136			18,126			—			—			82,371
Commercial & industrial	4,599			—			3,752			—			—			8,351
HELOC	14,164			—			39			—			—			14,203
Consumer	588			—			—			—			—			588
	119,276			9,136			25,386			—			—			153,798
Total grade as a % of total net loans	77.6		%	5.9		%	16.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	15,610			360			25,727			—			—			41,697
Pool 2 - Single-family residential	20,478			—			92			—			—			20,570
Pool 3 - Multi-family	56			—			1,063			—			—			1,119
Pool 4 - HELOC & other consumer	4,098			—			1,775			—			—			5,873
Pool 5 - Commercial real estate	35,694			3,799			39,464			—			—			78,957
Pool 6 - Commercial & industrial	6,604			485			4,101			—			—			11,190
	$	82,540		$	4,644		$	72,222		$	—		$	—		159,406
										Total covered loans						313,204
													Discount			(60,511		)
													Allowance			—
													Covered loans, net			$	252,693

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

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status as of December 31, 2013 and September 30, 2013:

December 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	$	26,688	$	24,351	$	286	$	63	$	1,988	$	2,337	8.76	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,367		4,331		—		—		36		36		0.82
Land - Consumer Lot Loans	230		196		—		—		34		34		14.78
Multi-Family	17,000		17,000		—		—		—		—		—
Commercial Real Estate	82,371		80,820		—		—		1,551		1,551		1.88
Commercial & Industrial	8,351		8,308		—		43		—		43		0.51
HELOC	14,203		14,164		—		—		39		39		0.27
Consumer	588		588		—		—		—		—		—
	$	153,798	$	149,758	$	286	$	106	$	3,648	$	4,040	1.51	%

September 30, 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	$	28,460	$	27,411	$	78	$	—	$	971	$	1,049	3.69	%
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	4,810		4,774		—		—		36		36		0.75
Land - Consumer Lot Loans	245		199		—		—		46		46		18.78
Multi-Family	18,852		17,511		—		—		1,341		1,341		7.11
Commercial Real Estate	89,499		84,949		2,779		455		1,316		4,550		5.08
Commercial & Industrial	9,416		9,416		—		—		—		—		—
HELOC	14,750		14,334		103		74		239		416		2.82
Consumer	604		601		3		—		—		3		0.50
	$	166,636	$	159,195	$	2,963	$	529	$	3,949	$	7,441	4.47	%

NM - not meaningful

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New Accounting Pronouncements

3 Months Ended

Dec. 31, 2013

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In January 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-01, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. This ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow through entities for tax purposes. The amendments in this ASU eliminate the effective yield election and permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Those not electing the proportional amortization method would account for the investment using the equity method or cost method. The amendments in this ASU should be applied retrospectively to all periods presented. The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The Company has chosen to adopt this ASU as of December 31, 2013. It is being adopted prospectively, as the retrospective adjustments were not material. The amount of affordable housing tax credits that are expected to be recognized during the 2014 calendar year is $3 million. The net investment balance recognized as of December 31, 2013 is $25 million. Using the proportional amortization method, the amount recognized as a component of income tax expense for the 2014 calendar year is $4 million. Contingent commitments for equity contributions during the 2014 calendar year are $27 million. Overall, this adoption does not have a material impact on the Company's consolidated financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures are required. The amendments are effective for public business entities for annual periods and interim periods within those annual periods beginning after December 15, 2014. This ASU is not expected to have a material impact on the Company's consolidated financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Some entities present unrecognized tax benefits as a liability unless the unrecognized tax benefit is directly associated with a tax position taken in a tax year that results in, or that resulted in, the recognition of a net operating loss or tax credit carryforward for that year and the net operating loss or tax credit carryforward has not been utilized. Other entities present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances. The objective of the amendments in this Update is to eliminate that diversity in practice. The guidance in this ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This new guidance is not expected to have a material impact on the Company's consolidated financial statements.

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Fair Value Measurements

3 Months Ended

Dec. 31, 2013

Fair Value Disclosures [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. Most 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. Securities that are traded on active exchanges are considered a Level 1 input method.

The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2013 and September 30, 2013:

	Fair Value at December 31, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,246	$	503	$	—	$	100,749
Obligations of U.S. government	—		631,326		—		631,326
Obligations of states and political subdivisions	—		22,640		—		22,640
Corporate debt securities	—		450,113		—		450,113
Mortgage-backed securities					—
Agency pass-through certificates	—		1,633,676		—		1,633,676
Balance at end of period	$	100,246	$	2,738,258	$	—	$	2,838,504

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

	Fair Value at September 30, 2013
	Level 1		Level 2		Level 3		Total
	(In thousands)
Available-for-sale securities
Equity securities	$	100,726	$	511	$	—	$	101,237
Obligations of U.S. government	—		533,975		—		533,975
Obligations of states and political subdivisions	—		22,545		—		22,545
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		452,015		—		452,015
Mortgage-backed securities
Agency pass-through certificates	—		1,251,176		—		1,251,176
Balance at end of period	$	100,726	$	2,260,222	$	—	$	2,360,948

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended September 30, 2013 other than a transfer from Level 2 to Level 1 of $511 in Equity Securities.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

From time to time, and on a nonrecurring basis, fair value adjustments to collateral-dependent loans and real estate held for sale are recorded to reflect write-downs of principal balances based on the current appraised or estimated value of the collateral. When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at December 31, 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 tables present the aggregated balance of assets measured at estimated fair value on a nonrecurring basis through the three months ended December 31, 2013 and December 31, 2012, and the total losses resulting from those fair value adjustments for the quarters ended December 31, 2013 and December 31, 2012. These estimated fair values are shown gross of estimated selling costs.

	Through December 31, 2013								Quarter Ended December 31, 2013
	Level 1		Level  2		Level  3		Total		Total Losses
	(In thousands)
Impaired loans (1)	$	—	$	—	$	5,580	$	5,580	$	(805	)
Covered REO (2)	—		—		1,286		1,286		65
Real estate held for sale (2)	—		—		10,342		10,342		3,725
Balance at end of period	$	—	$	—	$	17,208	$	17,208	$	2,985

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

 ___________________

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

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

There were no liabilities carried at fair value, measured on a recurring or nonrecurring basis, at December 31, 2013 or December 31, 2012.

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

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

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

		December 31, 2013				September 30, 2013
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	967,348	$	967,348	$	203,563	$	203,563
Available-for-sale securities
Equity securities	1	100,749		100,749		101,237		101,237
Obligations of U.S. government	2	631,326		631,326		533,975		533,975
Obligations of states and political subdivisions	2	22,640		22,640		22,545		22,545
Corporate debt securities	2	450,113		450,113		452,015		452,015
Mortgage-backed securities
Agency pass-through certificates	2	1,633,676		1,633,676		1,251,176		1,251,176
Total available-for-sale securities		2,838,504		2,838,504		2,360,948		2,360,948
Held-to-maturity securities	2
Total held-to-maturity securities		1,630,936		1,521,390		1,654,666		1,582,849
Loans receivable	3	7,651,558		8,174,920		7,528,030		8,070,279
Covered loans	3	252,693		255,885		295,947		300,610
FDIC indemnification asset	3	57,818		56,848		64,615		62,300
FHLB stock	2	171,480		171,480		173,009		173,009
Financial liabilities
Customer accounts	2	10,402,726		9,728,207		9,090,271		8,585,068
FHLB advances and other borrowings	2	1,930,000		2,053,910		1,930,000		2,064,248

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 primarily 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. Equity securities which are exchange traded are considered a Level 1 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 tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of December 31, 2013 and September 30, 2013:

	December 31, 2013
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,021		(196		)	63,827		1.98
5 to 10 years	237,101		—		(2,396		)	234,705		1.64
Over 10 years	335,626		465		(3,297		)	332,794		0.93
Equity Securities
Within 1 year	500		3		—			503		2.17
1 to 5 years	100,000		246		—			100,246		1.80
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	—		—		—			—		—
1 to 5 years	334,278		2,051		(93		)	336,236		0.80
5 to 10 years	113,095		1,523		(741		)	113,877		1.53
Municipal bonds due
Over 10 years	20,417		2,223		—			22,640		6.45
Mortgage-backed securities
Agency pass-through certificates	1,636,178		4,896		(7,398		)	1,633,676		2.51
	2,838,197		14,428		(14,121		)	2,838,504		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,630,936		1,409		(110,955		)	1,521,390		3.13
	$	4,469,133	$	15,837	$	(125,076	)	$	4,359,894	2.41	%

	September 30, 2013
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	61,002		3,393			(252		)	64,143		1.98
5 to 10 years	129,219		—			(1,547		)	127,672		0.86
Over 10 years	344,571		—			(2,411		)	342,160		0.93
Equity Securities
1 to 5 years	500		11			—			511		2.17
5 to 10 years	100,000		726			—			100,726		1.80
Corporate bonds due
Within 1 year	19,500		3			—			19,503		0.49
1 to 5 years	317,190		1,980			(130		)	319,040		0.75
5 to 10 years	113,060		1,180			(768		)	113,472		1.53
Municipal bonds due
Over 10 years	20,422		2,123			—			22,545		6.45
Mortgage-backed securities
Agency pass-through certificates	1,245,400		10,270			(4,494		)	1,251,176		2.18
	2,350,864		19,686			(9,602		)	2,360,948		1.70
Mortgage-backed securities
Agency pass-through certificates	1,654,666		3,387			(75,204		)	1,582,849		3.14
	$	4,005,530	$	23,073		$	(84,806	)	$	3,943,797	2.30	%

During the quarter ended December 31, 2013, there were no available-for-sale securities sold. There were $43,899,000 of available-for-sale securities sold during the quarter ended December 31, 2012, resulting in a gain of $0. These securities were acquired from South Valley Bank and sold on the same day. Substantially all mortgage-backed securities have contractual due dates that exceed 10 years.

The following tables show the unrealized gross losses and fair value of securities at December 31, 2013 and September 30, 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.

December 31, 2013	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	$	(522	)	$	54,478	$	(312	)	$	32,782	$	(834	)	$	87,260
U.S. government and agency securities due	(5,819		)	523,034		(70		)	13,067		(5,889		)	536,101
Agency pass-through certificates	(102,068		)	2,211,194		(16,285		)	388,526		(118,353		)	2,599,720
	$	(108,409	)	$	2,788,706	$	(16,667	)	$	434,375	$	(125,076	)	$	3,223,081

September 30, 2013	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	$	(660	)	$	52,434	$	(238	)	$	9,763	$	(898	)	$	62,197
U.S. government and agency securities due	(4,144		)	309,109		(66		)	14,091		(4,210		)	323,200
Agency pass-through certificates	(78,291		)	1,703,948		(1,407		)	166,503		(79,698		)	1,870,451
	$	(83,095	)	$	2,065,491	$	(1,711	)	$	190,357	$	(84,806	)	$	2,255,848

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Derivatives and Hedging Activities

3 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities

Derivatives and Hedging Activities

The Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rate payments, while the bank retains a variable rate loan. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Company then enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under ASC 815, the Derivatives and Hedging topic, the instruments are marked to market in earnings.

The notional amount of open interest rate swap agreements at December 31, 2013 was $95,135,000 compared to $83,594,000 as of September 30, 2013. There was no impact to the statement of operations for the three months ended December 31, 2013 as the asset and liability side of the swaps offset each other. The fee income related to swaps was $252,000 for the Quarter Ended December 31, 2013.

The Company periodically enters into forward contracts to purchase mortgage-backed securities as part of its interest rate risk management program. The notional amount of commitments to purchase mortgage-backed securities at December 31, 2013 was $0 and at September 30, 2013 was $200,000,000. When there is a balance, the fair value of these contracts is included with the available-for-sale securities on the statement of financial condition.

The following table presents the fair value and balance sheet classification of derivatives not designated as hedging instruments at December 31, 2013 and September 30, 2013:

Asset Derivatives

Liability Derivatives

December 31, 2013

September 30, 2013

December 31, 2013

September 30, 2013

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

406

Other assets

$

7

Other liabilities

$

406

Other liabilities

$

7

Commitments to purchase MBS

AFS securities

—

AFS securities

$

3,188

N/A

N/A

N/A

N/A

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Loans Receivable (excluding Covered Loans) (Loan Modifications) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2013 contract	Dec. 31, 2012 contract
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	26	36
Recorded Investment	$ 3,790	$ 8,402
Single-Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	24	31
Recorded Investment	3,624	7,498
Construction - Speculative [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	5
Recorded Investment	0	904
Construction - Custom [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Land - Acquisition & Development [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Land - Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	2	0
Recorded Investment	166	0
Multi-Family [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Commercial & Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
HELOC [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	0	0
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts (in contracts)	0	0
Recorded Investment	$ 0	$ 0

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Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 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 quarter ended December 31, 2013 and fiscal year ended September 30, 2013:

Quarter Ended December 31, 2013	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(2,334	)	$	8,827	$	(2,985	)	$	67,692
Construction - speculative	8,407		(450		)	95		90			8,142
Construction - custom	882		—			—		592			1,474
Land - acquisition & development	9,165		(456		)	439		(2,064		)	7,084
Land - consumer lot loans	3,552		(242		)	22		(58		)	3,274
Multi-family	3,816		—			—		293			4,109
Commercial real estate	5,595		—			—		273			5,868
Commercial & industrial	16,614		(248		)	421		(282		)	16,505
HELOC	1,002		—			—		(59		)	943
Consumer	3,524		(1,082		)	1,025		(400		)	3,067
	$	116,741	$	(4,812	)	$	10,829	$	(4,600	)	$	118,158

Fiscal Year Ended 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

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

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2013 and September 30, 2013:

December 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	$	67,692	$	5,336,460	1.3	%	$	—	$	85,436	—	%
Construction - speculative	7,607		122,994		6.2		535		12,874		4.2
Construction - custom	1,474		333,954		0.4		—		—		—
Land - acquisition & development	6,013		63,875		9.4		1,071		8,200		13.1
Land - consumer lot loans	3,274		104,675		3.1		—		14,531		—
Multi-family	4,109		833,508		0.5		—		8,835		—
Commercial real estate	5,868		416,440		1.4		—		16,921		—
Commercial & industrial	16,505		287,251		5.7		—		17		—
HELOC	943		110,570		0.9		—		1,007		—
Consumer	3,067		44,142		6.9		—		—		—
	$	116,552	$	7,653,869	1.5	%	$	1,606	$	147,821	1.1	%

(1) Excludes acquired and covered loans

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 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 December 31, 2013 and September 30, 2013.

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

December 31, 2013	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,250,349		$	4,572		$	166,975		$	—		$	—		$	5,421,896
Construction - speculative	113,527			3,724			18,617			—			—			135,868
Construction - custom	333,954			—			—			—			—			333,954
Land - acquisition & development	62,085			—			9,990			—			—			72,075
Land - consumer lot loans	118,579			—			627			—			—			119,206
Multi-family	833,758			1,241			7,344			—			—			842,343
Commercial real estate	395,736			17,808			19,817			—			—			433,361
Commercial & industrial	256,375			16,332			1,725			—			—			274,432
HELOC	111,577			—			—			—			—			111,577
Consumer	43,715			—			427			—			—			44,142
	7,519,655			43,677			225,522			—			—			7,788,854
Acquired loans
Single-family residential	13,856			—			—			—			—			13,856
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	794			—			412			—			—			1,206
Land - consumer lot loans	3,261			—			—			—			—			3,261
Multi-family	3,636			—			137			—			—			3,773
Commercial real estate	92,287			3,543			21,062			146			—			117,038
Commercial & industrial	65,882			1,041			5,671			—			—			72,594
HELOC	9,538			—			—			—			—			9,538
Consumer	7,754			—			—			—			—			7,754
	197,008			4,584			27,282			146			—			229,020
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,434			—			791			—			—			2,225
Pool 2 - Single-family residential	331			—			—			—			—			331
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,898			—			—			—			—			10,898
Pool 5 - Commercial real estate	54,278			—			17,563			—			—			71,841
Pool 6 - Commercial & industrial	1,178			3,321			96			2,545			—			7,140
Total credit impaired acquired loans	68,119			3,321			18,450			2,545			—			92,435
Total gross loans	$	7,784,782		$	51,582		$	271,254		$	2,691		$	—		$	8,110,309
Total grade as a % of total gross loans	96.0		%	0.6		%	3.4		%	—		%	—		%

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		%	—		%	—		%

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

December 31, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,332,821	98.4	%	$	89,075	1.6	%
Construction - speculative	132,815		97.8		3,053		2.2
Construction - custom	333,954		100.0		—		—
Land - acquisition & development	69,262		96.1		2,813		3.9
Land - consumer lot loans	115,658		97.0		3,548		3.0
Multi-family	839,849		99.7		2,494		0.3
Commercial real estate	421,748		97.3		11,613		2.7
Commercial & industrial	273,777		99.8		655		0.2
HELOC	111,106		99.6		471		0.4
Consumer	43,147		97.7		995		2.3
	$	7,674,137	98.5	%	$	114,717	1.5	%

September 30, 2013	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(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		0.2
	$	7,509,967	98.3	%	$	131,299	1.7	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of December 31, 2013 and September 30, 2013:

December 31, 2013	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	23,971		$	—		$	2,717		$	—		$	—		$	26,688
Construction - speculative	—			—			—			—			—			—
Construction - custom	—			—			—			—			—			—
Land - acquisition & development	3,648			—			719			—			—			4,367
Land - consumer lot loans	197			—			33			—			—			230
Multi-family	17,000			—			—			—			—			17,000
Commercial real estate	55,109			9,136			18,126			—			—			82,371
Commercial & industrial	4,599			—			3,752			—			—			8,351
HELOC	14,164			—			39			—			—			14,203
Consumer	588			—			—			—			—			588
	119,276			9,136			25,386			—			—			153,798
Total grade as a % of total net loans	77.6		%	5.9		%	16.5		%	—		%	—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	15,610			360			25,727			—			—			41,697
Pool 2 - Single-family residential	20,478			—			92			—			—			20,570
Pool 3 - Multi-family	56			—			1,063			—			—			1,119
Pool 4 - HELOC & other consumer	4,098			—			1,775			—			—			5,873
Pool 5 - Commercial real estate	35,694			3,799			39,464			—			—			78,957
Pool 6 - Commercial & industrial	6,604			485			4,101			—			—			11,190
	$	82,540		$	4,644		$	72,222		$	—		$	—		159,406
										Total covered loans						313,204
													Discount			(60,511		)
													Allowance			—
													Covered loans, net			$	252,693

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

Summary of Impaired Loans Based on Type

The following table provides information on impaired loan balances and the related allowances by loan types as of December 31, 2013 and September 30, 2013:

December 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	32,815	$	36,758	$	—		$	26,315
Construction - speculative	2,324		2,602		—			1,734
Construction - custom	—		—		—			—
Land - acquisition & development	3,071		10,527		—			2,846
Land - consumer lot loans	3,039		3,184		—			3,697
Multi-family	807		848		—			605
Commercial real estate	21,258		29,657		—			15,872
Commercial & industrial	6,983		30,732		—			5,130
HELOC	392		1,055		—			1,128
Consumer	604		640		—			3,252
	71,293		116,003		—			60,579
With an allowance recorded:
Single-family residential	355,448		361,771		13,973			343,662
Construction - speculative	11,435		11,885		535			9,452
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	9,865		11,104		1,071			5,832
Land - consumer lot loans	13,411		13,794		—			15,550
Multi-family	8,701		8,921		—			5,345
Commercial real estate	18,749		19,686		—			12,097
Commercial & industrial	44		44		—			135
HELOC	1,198		1,198		—			2,504
Consumer	71		71		—			431
	420,118		429,670		15,579		(1)	395,668
Total:
Single-family residential	388,263		398,529		13,973			369,977
Construction - speculative	13,759		14,487		535			11,186
Construction - custom	1,196		1,196		—			660
Land - acquisition & development	12,936		21,631		1,071			8,678
Land - consumer lot loans	16,450		16,978		—			19,247
Multi-family	9,508		9,769		—			5,950
Commercial real estate	40,007		49,343		—			27,969
Commercial & industrial	7,027		30,776		—			5,265
HELOC	1,590		2,253		—			3,632
Consumer	675		711		—			3,683
	$	491,411	$	545,673	$	15,579	(1)	$	456,247

(1)Includes $1,606,000 of specific reserves and $13,973,000 included in the general reserves.

September 30, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance			2013 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.

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Acquisitions (Narrative) (Details) (USD $)	Dec. 31, 2013	Nov. 06, 2013 Bank of America, National Association [Member] branch	Oct. 31, 2013 Bank of America, National Association [Member] branch
Business Acquisition [Line Items]
Number of branches acquired (in branches)		40	11
Deposits acquired		$ 1,300,000,000
Loans acquired		9,000,000
Property and equipment, net	17,476,000	16,000,000
Premium on deposits		2.60%
Cash and cash equivalents	$ 1,280,077,000	$ 1,300,000,000

XML

Fair Value Measurements (Fair Value by Balance Sheet Grouping) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 2,838,504	$ 2,360,948
FHLB & FRB stock	171,480	173,009
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	967,348	203,563
Available-for-sale securities	2,838,504	2,360,948
Held-to-maturity securities	1,630,936	1,654,666
Loans receivable	7,651,558	7,528,030
Covered loans	252,693	295,947
FDIC indemnification asset	57,818	64,615
FHLB & FRB stock	171,480	173,009
Customer accounts	10,402,726	9,090,271
FHLB advances and other borrowings	1,930,000	1,930,000
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	967,348	203,563
Available-for-sale securities	2,838,504	2,360,948
Held-to-maturity securities	1,521,390	1,582,849
Loans receivable	8,174,920	8,070,279
Covered loans	255,885	300,610
FDIC indemnification asset	56,848	62,300
FHLB & FRB stock	171,480	173,009
Customer accounts	9,728,207	8,585,068
FHLB advances and other borrowings	2,053,910	2,064,248
Equity Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	100,749	101,237
Equity Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	100,749	101,237
US Treasury and Government [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	631,326	533,975
US Treasury and Government [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	631,326	533,975
Obligations of States and Political Subdivisions [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	22,640	22,545
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	22,640	22,545
Corporate Debt Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	450,113	452,015
Corporate Debt Securities [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	450,113	452,015
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	1,633,676	1,251,176
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 1,633,676	$ 1,251,176

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income	$ 40,236	$ 35,282
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sale securities	(9,661)	(2,636)
Related tax benefit (expense)	3,478	969
Other comprehensive loss	(6,183)	(1,667)
Comprehensive income	$ 34,053	$ 33,615

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Dividends

3 Months Ended

Dec. 31, 2013

Dividends [Abstract]

Dividends

Dividends

On January 17, 2014, the Company paid its 124th consecutive quarterly cash dividend on common stock. Dividends per share were $.10 and $.08 for the quarters ended December 31, 2013 and 2012, respectively.

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Acquisitions (Schedule of Net Liabilities Acquired) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013
Assets:
Cash and cash equivalents	$ 1,280,077
Loans receivable, net	8,278
Property and equipment, net	17,476
Intangible Assets	35,522
Other assets	4,255
Total Assets	1,345,608
Liabilities:
Customer accounts	1,314,478
Other liabilities	31,130
Total Liabilities	1,345,608
Net assets acquired	$ 0

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Allowance for Losses on Loans (Impaired Loans Based on Loan Types) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 491,411	$ 454,557
Unpaid Principal Balance	545,673	510,623
Related Allowance	15,579	18,610
Average Recorded Investment	456,247	425,267
Amount of related allowance included in specific reserves	1,606	3,473
Amount of related allowance included in general reserves	13,973	15,137
Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	71,293	80,772
Unpaid Principal Balance	116,003	126,674
Related Allowance	0	0
Average Recorded Investment	60,579	43,952
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	420,118	373,785
Unpaid Principal Balance	429,670	383,949
Related Allowance	15,579	18,610
Average Recorded Investment	395,668	381,315
Single-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	388,263	369,023
Unpaid Principal Balance	398,529	380,838
Related Allowance	13,973	15,137
Average Recorded Investment	369,977	351,865
Single-Family Residential [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	32,815	33,883
Unpaid Principal Balance	36,758	38,928
Related Allowance	0	0
Average Recorded Investment	26,315	21,458
Single-Family Residential [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	355,448	335,140
Unpaid Principal Balance	361,771	341,910
Related Allowance	13,973	15,137
Average Recorded Investment	343,662	330,407
Construction - Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	13,759	12,783
Unpaid Principal Balance	14,487	13,441
Related Allowance	535	1,100
Average Recorded Investment	11,186	15,701
Construction - Speculative [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,324	3,891
Unpaid Principal Balance	2,602	4,099
Related Allowance	0	0
Average Recorded Investment	1,734	3,339
Construction - Speculative [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,435	8,892
Unpaid Principal Balance	11,885	9,342
Related Allowance	535	1,100
Average Recorded Investment	9,452	12,362
Construction - Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,196	0
Unpaid Principal Balance	1,196	0
Related Allowance	0	0
Average Recorded Investment	660	0
Construction - Custom [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Construction - Custom [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,196	0
Unpaid Principal Balance	1,196	0
Related Allowance	0	0
Average Recorded Investment	660	0
Land - Acquisition & Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	12,936	5,618
Unpaid Principal Balance	21,631	14,707
Related Allowance	1,071	0
Average Recorded Investment	8,678	10,863
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,071	3,020
Unpaid Principal Balance	10,527	10,705
Related Allowance	0	0
Average Recorded Investment	2,846	2,548
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	9,865	2,598
Unpaid Principal Balance	11,104	4,002
Related Allowance	1,071	0
Average Recorded Investment	5,832	8,315
Land - Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	16,450	15,817
Unpaid Principal Balance	16,978	16,390
Related Allowance	0	2,222
Average Recorded Investment	19,247	14,140
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,039	3,186
Unpaid Principal Balance	3,184	3,376
Related Allowance	0	0
Average Recorded Investment	3,697	1,839
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	13,411	12,631
Unpaid Principal Balance	13,794	13,014
Related Allowance	0	2,222
Average Recorded Investment	15,550	12,301
Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	9,508	10,887
Unpaid Principal Balance	9,769	11,107
Related Allowance	0	46
Average Recorded Investment	5,950	9,465
Multi-Family [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	807	4,929
Unpaid Principal Balance	848	4,929
Related Allowance	0	0
Average Recorded Investment	605	1,734
Multi-Family [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	8,701	5,958
Unpaid Principal Balance	8,921	6,178
Related Allowance	0	46
Average Recorded Investment	5,345	7,731
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	40,007	31,076
Unpaid Principal Balance	49,343	40,352
Related Allowance	0	105
Average Recorded Investment	27,969	18,972
Commercial Real Estate [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	21,258	23,537
Unpaid Principal Balance	29,657	31,876
Related Allowance	0	0
Average Recorded Investment	15,872	9,651
Commercial Real Estate [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	18,749	7,539
Unpaid Principal Balance	19,686	8,476
Related Allowance	0	105
Average Recorded Investment	12,097	9,321
Commercial & Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	7,027	7,335
Unpaid Principal Balance	30,776	31,253
Related Allowance	0	0
Average Recorded Investment	5,265	3,134
Commercial & Industrial [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	6,983	7,279
Unpaid Principal Balance	30,732	31,197
Related Allowance	0	0
Average Recorded Investment	5,130	3,123
Commercial & Industrial [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	44	56
Unpaid Principal Balance	44	56
Related Allowance	0	0
Average Recorded Investment	135	11
HELOC [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,590	1,384
Unpaid Principal Balance	2,253	1,884
Related Allowance	0	0
Average Recorded Investment	3,632	991
HELOC [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	392	446
Unpaid Principal Balance	1,055	946
Related Allowance	0	0
Average Recorded Investment	1,128	133
HELOC [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,198	938
Unpaid Principal Balance	1,198	938
Related Allowance	0	0
Average Recorded Investment	2,504	858
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	675	634
Unpaid Principal Balance	711	651
Related Allowance	0	0
Average Recorded Investment	3,683	136
Consumer [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	604	601
Unpaid Principal Balance	640	618
Related Allowance	0	0
Average Recorded Investment	3,252	127
Consumer [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	71	33
Unpaid Principal Balance	71	33
Related Allowance	0	0
Average Recorded Investment	$ 431	$ 9

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Loans Receivable (excluding Covered Loans) (Tables)

3 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	December 31, 2013				September 30, 2013
	(In thousands)
Non-acquired loans
Single-family residential	$	5,421,896	66.9	%	$	5,359,149	67.1	%
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	72,075		0.9		77,775		1.1
Land - consumer lot loans	119,206		1.5		121,671		1.5
Multi-family	842,343		10.4		831,684		10.4
Commercial real estate	433,361		5.3		414,961		5.1
Commercial & industrial	274,432		3.4		243,199		3.0
HELOC	111,577		1.4		112,186		1.4
Consumer	44,142		0.5		47,141		0.6
Total non-acquired loans	7,788,854		96.1		7,641,266		95.6
Acquired loans
Single-family residential	13,856		0.2		14,468		0.2
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,206		—		1,489		—
Land - consumer lot loans	3,261		—		3,313		—
Multi-family	3,773		0.1		3,914		0.1
Commercial real estate	117,038		1.4		133,423		1.7
Commercial & industrial	72,594		0.9		75,326		0.9
HELOC	9,538		0.1		10,179		0.1
Consumer	7,754		0.1		8,267		0.1
Total acquired loans	229,020		2.8		250,379		3.1
Credit-impaired acquired loans
Single-family residential	331		—		333		—
Construction - speculative	—		—		—		—
Land - acquisition & development	2,225		—		2,396		—
Multi-family	—		—		—		—
Commercial real estate	71,841		1.0		76,909		1.1
Commercial & industrial	7,140		0.1		7,925		0.1
HELOC	10,834		0.1		11,266		0.1
Consumer	64		—		71		—
Total credit-impaired acquired loans	92,435		1.2		98,900		1.3
Total loans
Single-family residential	5,436,083		67.0		5,373,950		67.3
Construction - speculative	135,868		1.7		130,778		1.6
Construction - custom	333,954		4.1		302,722		3.8
Land - acquisition & development	75,506		0.9		81,660		1.1
Land - consumer lot loans	122,467		1.5		124,984		1.5
Multi-family	846,116		10.5		835,598		10.5
Commercial real estate	622,240		7.7		625,293		7.9
Commercial & industrial	354,166		4.4		326,450		4.0

HELOC	131,949		1.6		133,631		1.6
Consumer	51,960		0.6		55,479		0.7
Total loans	8,110,309		100	%	7,990,545		100	%
Less:
Allowance for probable losses	118,158				116,741
Loans in process	273,263				275,577
Discount on acquired loans	31,485				34,143
Deferred net origination fees	35,845				36,054
	458,751				462,515
	$	7,651,558			$	7,528,030

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

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

December 31, 2013	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Accretion	(2,715		)	2,715			(319		)	319
Transfers to REO	—			(346		)	—			(1,124		)
Payments received, net	—			(6,495		)	—			(20,453		)
Balance as of end of period	$	34,521		$	65,592		$	4,658		$	224,115

September 30, 2013	Acquired Impaired						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 (1)	30,026			—			—			—
Additions (2)	—			9,865			10,804			351,335
Accretion	(9,718		)	9,718			(5,827		)	5,827
Transfers to REO	—			(3,975		)	—			(7,755		)
Payments received, net	—			(23,503		)	—			(104,034		)
Balance as of end of period	$	37,236		$	69,718		$	4,977		$	245,373
(1) reclassification due to improvements in expected cash flows of the underlying loans.
(2) includes acquired loans which were acquired as part of the South Valley 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:

	December 31, 2013				September 30, 2013
	(In thousands)
Non-accrual loans:
Single-family residential	$	89,075	77.5	%	$	100,460	76.5	%
Construction - speculative	3,053		2.7		4,560		3.5
Construction - custom	—		—		—		—
Land - acquisition & development	2,813		2.5		2,903		2.2
Land - consumer lot loans	3,548		3.1		3,337		2.5
Multi-family	2,494		2.2		6,573		5.0
Commercial real estate	11,613		10.1		11,736		8.9
Commercial & industrial	655		0.6		477		0.4
HELOC	471		0.4		263		0.2
Consumer	995		0.9		990		0.8
Total non-accrual loans	$	114,717	100	%	$	131,299	100	%

Analysis of Age of Loans in Past Due Status

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

December 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	$	5,418,864	$	5,304,409	$	33,199	$	10,318	$	70,938	$	114,455	2.11	%
Construction - Speculative	87,485		86,398		37		92		958		1,087		1.24
Construction - Custom	154,776		154,610		166		—		—		166		0.11
Land - Acquisition & Development	66,028		63,890		1		119		2,018		2,138		3.24
Land - Consumer Lot Loans	119,024		114,493		989		320		3,222		4,531		3.81
Multi-Family	812,635		810,050		1,031		—		1,554		2,585		0.32
Commercial Real Estate	426,898		422,781		951		—		3,166		4,117		0.96
Commercial & Industrial	274,424		272,589		1,835		—		—		1,835		0.67
HELOC	111,577		110,995		346		114		122		582		0.52
Consumer	44,143		42,545		901		305		392		1,598		3.62
Total non-acquired loans	7,515,854		7,382,760		39,456		11,268		82,370		133,094		1.77	%
Acquired loans
Single-Family Residential	13,856		13,813		$	—	—		43		43		0.31	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	1,206		1,123		83		—		—		83		6.88
Land - Consumer Lot Loans	3,261		2,935		—		—		326		326		10.00

Multi-Family	3,773		3,636		137		—		—		137		3.63
Commercial Real Estate	116,810		112,685		44		—		4,081		4,125		3.53
Commercial & Industrial	72,575		71,903		364		146		162		672		0.93
HELOC	9,538		9,263		16		—		259		275		2.88
Consumer	7,754		7,076		59		16		603		678		8.74
Total acquired loans	228,773		222,434		703		162		5,474		6,339		2.77	%
Credit-impaired acquired loans
Single-Family Residential	331		331		—		—		—		—		—	%
Construction - Speculative	—		—		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,224		1,845		—		—		379		379		17.04
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	71,826		70,490		379		64		893		1,336		1.86
Commercial & Industrial	7,140		6,647		—		—		493		493		6.90
HELOC	10,834		10,431		313		—		90		403		3.72
Consumer	64		64		—		—		—		—		—
Total credit-impaired acquired loans	92,419		89,808		692		64		1,855		2,611		2.83	%
Total loans	$	7,837,046	$	7,695,002	$	40,851	$	11,494	$	89,699	$	142,044	1.81	%

September 30, 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)
Single-Family Residential	$	5,356,200	$	5,237,413	$	26,888	$	12,373	$	79,526	$	118,787	2.22	%
Construction - Speculative	82,422		80,047		—		—		2,375		2,375		2.88
Construction - Custom	130,095		129,678		417		—		—		417		0.32
Land - Acquisition & Development	71,567		70,106		—		—		1,461		1,461		2.04
Land - Consumer Lot Loans	121,473		117,076		806		355		3,236		4,397		3.62
Multi-Family	790,564		785,793		—		—		4,771		4,771		0.60
Commercial Real Estate	404,680		398,114		2,942		351		3,273		6,566		1.62
Commercial & Industrial	249,405		249,363		42		—		—		42		0.02
HELOC	112,186		111,407		493		213		73		779		0.69
Consumer	47,142		45,620		849		283		390		1,522		3.23
Total non-acquired loans	7,365,734		7,224,617		32,437		13,575		95,105		141,117		1.92

Acquired loans
Single-Family Residential	14,468		14,343		82		—		43		125		0.86
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		NM
Land - Acquisition & Development	1,489		1,241		—		—		248		248		16.66
Land - Consumer Lot Loans	3,313		2,987		125		100		101		326		9.84
Multi-Family	3,914		3,914		—		—		—		—		—
Commercial Real Estate	133,398		128,610		134		617		4,037		4,788		3.59
Commercial & Industrial	75,323		74,992		10		153		168		331		0.44
HELOC	10,179		10,063		—		16		100		116		1.14
Consumer	8,266		7,568		90		8		600		698		8.44
Total acquired loans	250,350		243,718		441		894		5,297		6,632		2.65
Credit-impaired acquired loans
Single-Family Residential	333		333		—		—		—		—		—
Construction - Speculative	—		—		—		—		—		—		NM
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,393		1,929		—		464		—		464		19.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,116		80,095		2,301		—		720		3,021		3.63
Commercial & Industrial	1,705		1,396		—		—		309		309		18.12
HELOC	11,266		11,176		—		—		90		90		0.80
Consumer	71		71		—		—		—		—		—
Total credit-impaired acquired loans	98,884		95,000		2,301		464		1,119		3,884		3.93	%
Total loans	$	7,714,968	$	7,563,335	$	35,179	$	14,933	$	101,521	$	151,633	1.97	%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

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

	Quarter Ended December 31,
	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	113	$	23,607	$	23,607	105	$	29,339	$	29,339
Construction - Speculative	—	—		—		1	2,503		2,503
Construction - Custom	—	—		—		—	—		—
Land - Acquisition & Development	—	—		—		—	—		—
Land - Consumer Lot Loans	5	1,098		1,098		11	1,836		1,836
Multi-Family	2	1,213		1,213		1	68		68
Commercial Real Estate	1	810		810		—	—		—
Commercial & Industrial	—	—		—		—	—		—
HELOC	1	261		261		—	—		—
Consumer	2	39		39		—	—		—
	124	$	27,028	$	27,028	118	$	33,746	$	33,746

Schedule of Loan Modifications

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

	Quarter Ended December 31,
	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	24	$	3,624	31	$	7,498
Construction - Speculative	—	—		5	904
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	2	166		—	—
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	26	$	3,790	36	$	8,402