Loans Receivable (Tables)

9 Months Ended

Jun. 30, 2019

The following table is a summary of loans receivable.



	June 30, 2019				September 30, 2018
	(In thousands)				(In thousands)
Gross loans by category
Single-family residential	$	5,873,583	44.1	%	$	5,798,966	45.1	%
Construction	1,997,236		15.0		1,890,668		14.7
Construction - custom	570,897		4.3		624,479		4.9
Land - acquisition & development	203,086		1.5		155,204		1.2
Land - consumer lot loans	95,227		0.7		102,036		0.8
Multi-family	1,403,142		10.5		1,385,125		10.8
Commercial real estate	1,622,943		12.2		1,452,168		11.3
Commercial & industrial	1,256,398		9.4		1,140,874		8.9
HELOC	139,914		1.0		130,852		1.0
Consumer	142,317		1.1		173,306		1.3
Total gross loans	13,304,743		100	%	12,853,678		100	%
Less:
Allowance for loan losses	134,022				129,257
Loans in process	1,148,876				1,195,506
Net deferred fees, costs and discounts	47,312				51,834
Total loan contra accounts	1,330,210				1,376,597
Net loans	$	11,974,533			$	11,477,081

Summary of Information Regarding Non-Accrual Loans

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



	June 30, 2019					September 30, 2018
	(In thousands, except ratio data)
Non-accrual loans:
Single-family residential	$	22,285		54.3	%	$	27,643		49.6	%
Construction	—			—		2,427			4.4
Construction - custom	1,161			2.8		—			—
Land - acquisition & development	173			0.4		920			1.7
Land - consumer lot loans	641			1.6		787			1.4
Multi-family	1,431			3.5		—			—
Commercial real estate	8,464			20.6		8,971			16.1
Commercial & industrial	6,047			14.7		14,394			25.8
HELOC	803			2.0		523			0.9
Consumer	—			—		21			—
Total non-accrual loans	$	41,005		100	%	$	55,686		100	%
% of total net loans	0.34		%			0.49		%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.



June 30, 2019	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total Delinquent		% based on $
	(In thousands, except ratio data)
Single-family residential	$	5,872,750	$	5,846,159	$	6,290	$	5,081	$	15,220	$	26,591	0.45	%
Construction	1,168,667		1,168,667		—		—		—		—		—
Construction - custom	294,224		293,063		—		—		1,161		1,161		0.39
Land - acquisition & development	160,383		160,383		—		—		—		—		—
Land - consumer lot loans	95,150		93,829		813		173		335		1,321		1.39
Multi-family	1,403,120		1,401,689		—		—		1,431		1,431		0.10
Commercial real estate	1,622,944		1,618,544		289		1,535		2,576		4,400		0.27
Commercial & industrial	1,256,398		1,250,654		86		1,326		4,332		5,744		0.46
HELOC	139,914		138,400		743		183		588		1,514		1.08
Consumer	142,317		141,820		129		238		130		497		0.35
Total Loans	$	12,155,867	$	12,113,208	$	8,350	$	8,536	$	25,773	$	42,659	0.35	%
Delinquency %			99.65%		0.07%		0.07%		0.21%		0.35%



September 30, 2018	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total Delinquent		% based on $
	(In thousands, except ratio data)
Single-family residential	$	5,798,353	$	5,768,253	$	7,983	$	3,562	$	18,555	$	30,100	0.52	%
Construction	1,062,855		1,060,428		—		—		2,427		2,427		0.23
Construction - custom	289,192		289,192		—		—		—		—		—
Land - acquisition & development	123,560		122,620		—		270		670		940		0.76
Land - consumer lot loans	101,908		101,294		144		117		353		614		0.60
Multi-family	1,385,103		1,385,103		—		—		—		—		—
Commercial real estate	1,452,169		1,448,946		316		1,767		1,140		3,223		0.22
Commercial & industrial	1,140,874		1,130,836		—		—		10,038		10,038		0.88
HELOC	130,852		129,510		567		469		306		1,342		1.03
Consumer	173,306		172,777		172		328		29		529		0.31
Total Loans	$	11,658,172	$	11,608,959	$	9,182	$	6,513	$	33,518	$	49,213	0.42	%
Delinquency %			99.58%		0.08%		0.06%		0.29%		0.42%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

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



	Three Months Ended June 30,
	2019					2018
		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	3	$	619	$	619	5	$	714	$	714
HELOC	—	—		—		1	75		75
	3	$	619	$	619	6	$	789	$	789



	Nine Months Ended June 30,
	2019					2018
		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	6	$	942	$	942	25	$	4,909	$	4,909
Land - consumer lot loans	1	40		40		—	—		—
Commercial & Industrial	—	—		—		3	7,256		7,256
HELOC	—	—		—		1	75		75
	7	$	982	$	982	29	$	12,240	$	12,240

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 June 30,
	2019		2018
	Number of	Recorded	Number of	Recorded
	Contracts	Investment	Contracts	Investment
	($ in thousands)		($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
	None		None



	Nine Months Ended June 30,
	2019			2018
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	($ in thousands)			($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
Single-family residential	5	$	1,298	2	$	206
	5	$	1,298	2	$	206