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Loans Receivable (excluding Covered Loans) (Tables)
 9 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Schedule of Loans Receivable (excluding Covered Loans)
 
June 30, 2014
 
September 30, 2013
 
(In thousands)
Non-acquired loans
 
 
 
 
 
 
 
  Single-family residential
$
5,466,771

 
64.7
%
 
$
5,359,149

 
67.1
%
  Construction - speculative
126,926

 
1.5

 
130,778

 
1.6

  Construction - custom
372,789

 
4.4

 
302,722

 
3.8

  Land - acquisition & development
88,319

 
1.1

 
77,775

 
1.1

  Land - consumer lot loans
111,919

 
1.4

 
121,671

 
1.5

  Multi-family
893,742

 
10.6

 
831,684

 
10.4

  Commercial real estate
523,850

 
6.2

 
414,961

 
5.1

  Commercial & industrial
333,552

 
3.9

 
243,199

 
3.0

  HELOC
117,177

 
1.4

 
112,186

 
1.4

  Consumer
132,062

 
1.5

 
47,141

 
0.6

Total non-acquired loans
8,167,107

 
96.7

 
7,641,266

 
95.6

Non-impaired acquired loans
 
 
 
 
 
 
 
  Single-family residential
12,014

 
0.2

 
14,468

 
0.2

  Construction - speculative
—

 
—

 
—

 
—

  Construction - custom
—

 
—

 
—

 
—

  Land - acquisition & development
1,069

 
—

 
1,489

 
—

  Land - consumer lot loans
2,654

 
—

 
3,313

 
—

  Multi-family
3,057

 
—

 
3,914

 
0.1

  Commercial real estate
103,215

 
1.1

 
133,423

 
1.7

  Commercial & industrial
60,349

 
0.7

 
75,326

 
0.9

  HELOC
8,469

 
0.1

 
10,179

 
0.1

  Consumer
6,427

 
0.1

 
8,267

 
0.1

Total non-impaired acquired loans
197,254

 
2.2

 
250,379

 
3.1

Credit-impaired acquired loans
 
 
 
 
 
 
 
  Single-family residential
326

 
—

 
333

 
—

  Construction - speculative
—

 
—

 
—

 
—

  Land - acquisition & development
1,670

 
—

 
2,396

 
—

  Multi-family
—

 
—

 
—

 
—

  Commercial real estate
66,356

 
0.9

 
76,909

 
1.1

  Commercial & industrial
4,280

 
0.1

 
7,925

 
0.1

  HELOC
10,658

 
0.1

 
11,266

 
0.1

  Consumer
58

 
—

 
71

 
—

Total credit-impaired acquired loans
83,348

 
1.1

 
98,900

 
1.3

Total loans
 
 
 
 
 
 
 
   Single-family residential
5,479,111

 
64.9

 
5,373,950

 
67.3

   Construction - speculative
126,926

 
1.5

 
130,778

 
1.6

   Construction - custom
372,789

 
4.4

 
302,722

 
3.8

   Land - acquisition & development
91,058

 
1.1

 
81,660

 
1.1

   Land - consumer lot loans
114,573

 
1.4

 
124,984

 
1.5

   Multi-family
896,799

 
10.6

 
835,598

 
10.5

   Commercial real estate
693,421

 
8.2

 
625,293

 
7.9

   Commercial & industrial
398,181

 
4.7

 
326,450

 
4.0

   HELOC
136,304

 
1.6

 
133,631

 
1.6

   Consumer
138,547

 
1.6

 
55,479

 
0.7

Total Loans
8,447,709

 
100
%
 
7,990,545

 
100
%
Less:
 
 
 
 
 
 
 
Allowance for probable losses
114,150

 
 
 
116,741

 
 
Loans in process
303,084

 
 
 
275,577

 
 
Discount on acquired loans
28,480

 
 
 
34,143

 
 
Deferred net origination fees
36,041

 
 
 
36,054

 
 
 
481,755

 
 
 
462,515

 
 
 
$
7,965,954

 
 
 
$
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 non-impaired and credit-impaired loans (excluding covered loans) for the nine months ended June 30, 2014 and the fiscal year ended September 30, 2013 were as follows:
June 30, 2014
Acquired Impaired
 
Acquired Non-impaired
 
Accretable
Yield
 
Net 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

Reclassification from nonaccretable balance, net (1)
7,300

 
—

 
—

 
—

Accretion
(8,884
)
 
8,884

 
(606
)
 
606

Transfers to REO
—

 
(1,188
)
 
—

 
(4,710
)
Payments received, net
—

 
(17,616
)
 
—

 
(48,988
)
Balance as of end of period
$
35,652

 
$
59,798

 
$
4,371

 
$
192,281

(1) reclassification due to improvements in expected cash flows of the underlying loans.

September 30, 2013
Acquired Impaired
 
Acquired Non-impaired
 
Accretable
Yield
 
Net 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 loans which were acquired as part of the South Valley Bank acquisition.
Summary of Information Regarding Non-Accrual Loans
The following table sets forth information regarding non-accrual loans (excluding covered loans) held by the Company as of the dates indicated:
 
 
June 30, 2014
 
September 30, 2013
 
(In thousands)
Non-accrual loans:
 
 
 
 
 
 
 
Single-family residential
$
78,317

 
83.2
%
 
$
100,460

 
76.5
%
Construction - speculative
1,966

 
2.1

 
4,560

 
3.5

Construction - custom
143

 
0.2

 
—

 
—

Land - acquisition & development
2,295

 
2.4

 
2,903

 
2.2

Land - consumer lot loans
1,879

 
2.0

 
3,337

 
2.5

Multi-family
2,103

 
2.2

 
6,573

 
5.0

Commercial real estate
5,442

 
5.8

 
11,736

 
8.9

Commercial & industrial
516

 
0.5

 
477

 
0.4

HELOC
970

 
1.0

 
263

 
0.2

Consumer
595

 
0.6

 
990

 
0.8

Total non-accrual loans
$
94,226

 
100
%
 
$
131,299

 
100
%
Analysis of Age of Loans in Past Due Status
The following tables provide an analysis of the age of loans (excluding covered loans) in past due status as of June 30, 2014 and September 30, 2013, respectively. These balances are net of LIP and charge-offs only.
 
June 30, 2014
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
$
5,464,370

 
$
5,367,245

 
$
18,990

 
$
12,878

 
$
65,257

 
$
97,125

 
1.78
%
Construction - Speculative
85,412

 
84,635

 
301

 
—

 
476

 
777

 
0.91

Construction - Custom
201,475

 
201,288

 
44

 
—

 
143

 
187

 
0.09

Land - Acquisition & Development
72,241

 
70,183

 
227

 
—

 
1,831

 
2,058

 
2.85

Land - Consumer Lot Loans
111,860

 
108,591

 
1,220

 
170

 
1,879

 
3,269

 
2.92

Multi-Family
868,968

 
865,518

 
2,829

 
214

 
407

 
3,450

 
0.40

Commercial Real Estate
476,863

 
474,923

 
95

 
—

 
1,845

 
1,940

 
0.41

Commercial & Industrial
333,543

 
333,430

 
3

 
—

 
110

 
113

 
0.03

HELOC
117,178

 
116,188

 
53

 
370

 
567

 
990

 
0.84

Consumer
132,156

 
130,797

 
774

 
421

 
164

 
1,359

 
1.03

Total non-acquired loans
7,864,066

 
7,752,798

 
24,536

 
14,053

 
72,679

 
111,268

 
1.41
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-impaired acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-Family Residential
12,014

 
11,990

 
—

 
—

 
24

 
24

 
0.20
%
Construction - Speculative
—

 
—

 
—

 
—

 
—

 
—

 
NM

Construction - Custom
—

 
—

 
—

 
—

 
—

 
—

 
NM

Land - Acquisition & Development
1,069

 
663

 
—

 
—

 
406

 
406

 
37.98

Land - Consumer Lot Loans
2,651

 
2,651

 
—

 
—

 
—

 
—

 
—

Multi-Family
3,057

 
3,057

 
—

 
—

 
—

 
—

 
—

Commercial Real Estate
103,189

 
102,421

 
—

 
—

 
768

 
768

 
0.74

Commercial & Industrial
60,348

 
60,136

 
212

 
—

 
—

 
212

 
0.35

HELOC
8,468

 
8,335

 
133

 
—

 
—

 
133

 
1.57

Consumer
6,427

 
5,626

 
12

 
358

 
431

 
801

 
12.46

Total non-impaired acquired loans
197,223

 
194,879

 
357

 
358

 
1,629

 
2,344

 
1.19
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit-impaired acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-Family Residential
326

 
326

 
—

 
—

 
—

 
—

 
—
%
Construction - Speculative
—

 
—

 
—

 
—

 
—

 
—

 
NM

Construction - Custom
—

 
—

 
—

 
—

 
—

 
—

 
NM

Land - Acquisition & Development
1,670

 
1,670

 
—

 
—

 
—

 
—

 
—

Land - Consumer Lot Loans
—

 
—

 
—

 
—

 
—

 
—

 
NM

Multi-Family
—

 
—

 
—

 
—

 
—

 
—

 
NM

Commercial Real Estate
66,344

 
65,996

 
—

 
—

 
348

 
348

 
0.52

Commercial & Industrial
4,281

 
3,863

 
12

 
—

 
406

 
418

 
9.76

HELOC
10,658

 
10,027

 
228

 
—

 
403

 
631

 
5.92

Consumer
58

 
58

 
—

 
—

 
—

 
—

 
—

Total credit-impaired acquired loans
83,337

 
81,940

 
240

 
—

 
1,157

 
1,397

 
1.68
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Loans
$
8,144,626

 
$
8,029,617

 
$
25,133

 
$
14,411

 
$
75,465

 
$
115,009

 
1.41
%


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)
Non-acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
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
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-impaired acquired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Single-Family Residential
14,468

 
14,343

 
82

 
—

 
43

 
125

 
0.86
%
Construction - Speculative
—

 
—

 
—

 
—

 
—

 
—

 
—

Construction - Custom
—

 
—

 
—

 
—

 
—

 
—

 
—

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 non-impaired 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
—

 
—

 
—

 
—

 
—

 
—

 
—

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 June 30,
 
2014
 
2013
 
 
 
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
48

 
$
10,693

 
$
10,693

 
111

 
$
27,619

 
$
27,619

   Construction - Speculative
—

 
—

 
—

 
—

 
—

 
—

   Construction - Custom
—

 
—

 
—

 
—

 
—

 
—

   Land - Acquisition & Development
3

 
756

 
756

 
—

 
—

 
—

   Land - Consumer Lot Loans
5

 
573

 
573

 
4

 
685

 
685

   Multi-Family
—

 
—

 
—

 
—

 
—

 
—

   Commercial Real Estate
2

 
1,398

 
1,398

 
1

 
2,411

 
2,411

   Commercial & Industrial
—

 
—

 
—

 
—

 
—

 
—

   HELOC
—

 
—

 
—

 
—

 
—

 
—

   Consumer
—

 
—

 
—

 
1

 
11

 
11

 
58

 
$
13,420

 
$
13,420

 
117

 
$
30,726

 
$
30,726

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended June 30,
 
2014
 
2013
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
Outstanding
 
Outstanding
 
 
 
Outstanding
 
Outstanding
 
Number of
 
Recorded
 
Recorded
 
Number of
 
Recorded
 
Recorded
 
Contracts
 
Investment
 
Investment
 
Contracts
 
Investment
 
Investment
 
 
 
(In thousands)
 
 
 
(In thousands)
Troubled Debt Restructurings:
 
 
 
 
 
 
 
 
 
 
 
   Single-Family Residential
199

 
45,132

 
45,132

 
337

 
88,085

 
88,085

   Construction - Speculative
—

 
—

 
—

 
1

 
2,481

 
2,481

   Construction - Custom
—

 
—

 
—

 
—

 
—

 
—

   Land - Acquisition & Development
3

 
756

 
756

 
—

 
—

 
—

   Land - Consumer Lot Loans
10

 
1,746

 
1,746

 
20

 
3,027

 
3,027

   Multi-Family
2

 
1,201

 
1,201

 
1

 
44

 
44

   Commercial Real Estate
3

 
2,197

 
2,197

 
1

 
2,411

 
2,411

   Commercial & Industrial
—

 
—

 
—

 
—

 
—

 
—

   HELOC
1

 
261

 
261

 
1

 
199

 
199

   Consumer
3

 
207

 
207

 
1

 
11

 
11

 
221

 
$
51,500

 
$
51,500

 
362

 
$
96,258

 
$
96,258
Schedule of Loan Modifications
The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:
 
Quarter Ended June 30,
 
2014
 
2013
 
Number of
 
Recorded
 
Number of
 
Recorded
 
Contracts
 
Investment
 
Contracts
 
Investment
 
(In thousands)
 
(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
 
 
 
 
 
 
 
   Single-Family Residential
17

 
$
3,088

 
25

 
$
6,833

   Construction - Speculative
—

 
—

 
—

 
—

   Construction - Custom
—

 
—

 
—

 
—

   Land - Acquisition & Development
—

 
—

 
—

 
—

   Land - Consumer Lot Loans
1

 
69

 
1

 
109

   Multi-Family
—

 
—

 
—

 
—

   Commercial Real Estate
—

 
—

 
—

 
—

   Commercial & Industrial
—

 
—

 
—

 
—

   HELOC
—

 
—

 
1

 
79

   Consumer
1

 
170

 
—

 
—

 
19

 
$
3,327

 
27

 
$
7,021

 
 
 
 
 
 
 
 
 
Nine Months Ended June 30,
 
2014
 
2013
 
Number of
 
Recorded
 
Number of
 
Recorded
 
Contracts
 
Investment
 
Contracts
 
Investment
 
(In thousands)
 
(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
 
 
 
 
 
 
 
   Single-Family Residential
42

 
$
9,206

 
65

 
$
15,366

   Construction - Speculative
—

 
—

 
—

 
—

   Construction - Custom
—

 
—

 
—

 
—

   Land - Acquisition & Development
—

 
—

 
1

 
838

   Land - Consumer Lot Loans
4

 
445

 
2

 
237

   Multi-Family
—

 
—

 
—

 
—

   Commercial Real Estate
—

 
—

 
—

 
—

   Commercial & Industrial
—

 
—

 
—

 
—

   HELOC
—

 
—

 
2

 
113

   Consumer
1

 
170

 
—

 
—

 
47

 
$
9,821

 
70

 
$
16,554