Loans Receivable (Tables)

6 Months Ended

Mar. 31, 2017

The following table is a summary of loans receivable.



	March 31, 2017				September 30, 2016
	(In thousands)				(In thousands)
Gross loans by category
Single-family residential	$	5,693,072	48.9	%	$	5,658,830	51.7	%
Construction	1,311,635		11.3		1,110,411		10.1
Construction - custom	527,319		4.5		473,069		4.3
Land - acquisition & development	118,726		1.0		118,497		1.1
Land - consumer lot loans	101,227		0.9		104,567		1.0
Multi-family	1,266,911		10.9		1,124,290		10.3
Commercial real estate	1,296,039		11.1		1,093,639		10.0
Commercial & industrial	1,071,629		9.2		978,589		8.9
HELOC	146,172		1.3		149,716		1.4
Consumer	107,759		0.9		139,000		1.3
Total gross loans	11,640,489		100.0	%	10,950,608		100.0	%
Less:
Allowance for loan losses	121,922				113,494
Loans in process	1,009,937				879,484
Net deferred fees, costs and discounts	45,608				46,710
Total loan contra accounts	1,177,467				1,039,688
Net loans	$	10,463,022			$	9,910,920

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans.



	March 31, 2017				September 30, 2016
	(In thousands)
Non-accrual loans:
Single-family residential	$	34,373	60.1	%	$	33,148	78.2	%
Construction - custom	240		0.4		—		—
Land - acquisition & development	80		0.1		58		0.1
Land - consumer lot loans	1,129		2.0		510		1.2
Multi-family	1,364		2.4		776		1.8
Commercial real estate	10,507		18.4		7,100		16.7
Commercial & industrial	8,864		15.5		583		1.4
HELOC	583		1.0		239		0.6
Consumer	55		0.1		—		—
Total non-accrual loans	$	57,195	100	%	$	42,414	100	%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.



March 31, 2017	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total		% based on $
	(In thousands)
Single-family residential	$	5,692,305	$	5,639,158	$	13,644	$	7,660	$	31,843	$	53,147	0.93	%
Construction	593,479		592,877		601		—		—		601		0.10
Construction - custom	251,906		251,666		—		—		240		240		0.10
Land - acquisition & development	103,280		103,018		262		—		—		262		0.25
Land - consumer lot loans	101,168		99,907		360		333		568		1,261		1.25
Multi-family	1,266,845		1,265,622		—		—		1,224		1,224		0.10
Commercial real estate	1,296,019		1,289,677		1,802		298		4,242		6,342		0.49
Commercial & industrial	1,071,622		1,066,658		4,964		—		—		4,964		0.46
HELOC	146,169		145,355		124		20		670		814		0.56
Consumer	107,759		107,158		405		98		98		601		0.56
Total Loans	$	10,630,552	$	10,561,096	$	22,162	$	8,409	$	38,885	$	69,456	0.65	%
Delinquency %			99.35%		0.21%		0.08%		0.37%		0.65%



September 30, 2016	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total		% based on $
	(In thousands)
Single-family residential	$	5,658,122	$	5,601,457	$	20,916	$	5,271	$	30,478	$	56,665	1.00	%
Construction	498,450		498,450		—		—		—		—		—
Construction - custom	229,957		229,419		538		—		—		538		0.23
Land - acquisition & development	94,928		94,928		—		—		—		—		—
Land - consumer lot loans	104,534		102,472		816		687		559		2,062		1.97
Multi-family	1,124,290		1,122,307		1,190		399		394		1,983		0.18
Commercial real estate	1,093,549		1,088,680		69		325		4,475		4,869		0.45
Commercial & industrial	978,582		978,540		—		42		—		42		—
HELOC	149,713		148,513		763		164		273		1,200		0.80
Consumer	138,999		138,078		715		126		80		921		0.66
Total Loans	$	10,071,124	$	10,002,844	$	25,007	$	7,014	$	36,259	$	68,280	0.68	%
Delinquency %			99.32%		0.25%		0.07%		0.36%		0.68%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured in a troubled debt restructuring ("TDR") during the periods presented:



	Three Months Ended March 31,
	2017					2016
		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	8	$	1,712	$	1,712	7	$	1,101	$	1,101
	8	$	1,712	$	1,712	7	$	1,101	$	1,101



	Six Months Ended March 31,
	2017					2016
		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	20	$	3,846	$	3,846	10	$	1,830	$	1,830
Land - consumer lot loans	1	204		204		—	—		—
Commercial real estate	—	—		—		5	965		965
HELOC	1	228		228		—	—		—
	22	$	4,278	$	4,278	15	$	2,795	$	2,795

Schedule of Loan Modifications

The following tables provide information on payment defaults occurring during the periods presented where the loan had been modified in a TDR within 12 months of the payment default.



	Three Months Ended March 31,
	2017			2016
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
TDRs That Subsequently Defaulted:
Single-family residential	7	$	1,192	6	$	871
Land - consumer lot loans	—	—		1	146
Commercial real estate	—	—		1	152
	7	$	1,192	8	$	1,169



	Six Months Ended March 31,
	2017			2016
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
TDRs That Subsequently Defaulted:
Single-family residential	13	$	3,185	8	$	1,095
Land - consumer lot loans	—	—		1	146
Commercial real estate	2	267		1	152
	15	$	3,452	10	$	1,393

Schedule of Activity for FDIC Indemnification Asset

The following table shows activity for the FDIC indemnification asset:



	Six Months Ended March 31, 2017			Twelve Months Ended September 30, 2016
	(In thousands)
Balance at beginning of period	$	12,769		$	16,275
Payments made (received)	(264		)	(1,730		)
Amortization	(802		)	(2,012		)
Accretion	118			236
Balance at end of period	$	11,821		$	12,769