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Loans Receivable (Tables)
 9 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class. Loans held for sale of approximately $0.5 billion are excluded from the following tables.
 June 30, 2024September 30, 2023
Gross loans by category(In thousands)(In thousands)
Commercial loans
Multi-family$4,616,359 20.5 %$2,907,086 14.8 %
Commercial real estate3,781,247 16.8 3,344,959 17.0 
Commercial & industrial2,394,978 10.7 2,321,717 11.8 
Construction2,247,530 10.0 3,318,994 16.9 
Land - acquisition & development195,796 0.9 201,538 1.0 
Total commercial loans13,235,910 58.9 12,094,294 61.6 
Consumer loans
Single-family residential8,364,415 37.2 6,451,270 32.8 
Construction - custom414,483 1.9 672,643 3.4 
   Land - consumer lot loans112,317 0.5 125,723 0.6 
   HELOC255,271 1.1 234,410 1.2 
   Consumer84,445 0.4 70,164 0.4 
Total consumer loans9,230,931 41.1 7,554,210 38.4 
Total gross loans22,466,841 100 %19,648,504 100 %
   Less:
      Allowance for credit losses on loans203,824 177,207 
      Loans in process1,094,956 1,895,940 
      Net deferred fees, costs and discounts294,142 98,807 
Total loan contra accounts1,592,922 2,171,954 
Net loans$20,873,919 $17,476,550 
Non-accrual Loans and Loans 90 Days or More Past Due and Accruing
The following table sets forth the amortized cost basis of non-accrual loans and loans 90 days or more past due and accruing.
 
 June 30, 2024September 30, 2023
 (In thousands, except ratio data)
Non-accrualNon-accrual with no ACL90 days or more past due and accruingNon-accrualNon-accrual with no ACL90 days or more past due and accruing
Commercial loans
Multi-family$9,984 $— $— $5,127 $— $— 
Commercial real estate26,408 — — 23,435 — — 
Commercial & industrial2,138 — — 6,082 — — 
Construction1,120 — — — — 
Land - acquisition & development74 — — — — — 
   Total commercial loans39,724 — — 34,644 — — 
Consumer loans
Single-family residential20,422 — — 14,918 — — 
Construction - custom88 — — 88 — — 
Land - consumer lot loans236 — — 9 — — 
HELOC758 — — 736 — — 
Consumer40 — — 27 — — 
   Total consumer loans21,544 — — 15,778 — — 
Total non-accrual loans$61,268 $— $— $50,422 $— $— 
% of total net loans0.29 %0.29 %
Loan Delinquencies by Loan Portfolio and Class
The following tables provide details regarding loan delinquencies by loan portfolio and class.
 
June 30, 2024Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$4,513,323 $4,506,711 $— $2,651 $3,961 $6,612 0.15 %
Commercial real estate3,746,945 3,746,356 — 589 — 589 0.02 
Commercial & industrial2,389,236 2,387,098 — — 2,138 2,138 0.09 
Construction1,440,152 1,439,032 — 360 760 1,120 0.08 
Land - acquisition & development156,424 156,350 — — 74 74 0.05 
   Total commercial loans12,246,080 12,235,547 — 3,600 6,933 10,533 0.09 
Consumer Loans
Single-family residential8,186,361 8,154,250 10,925 4,937 16,249 32,111 0.39 
Construction - custom190,433 189,585 760 — 88 848 0.45 
Land - consumer lot loans111,574 110,871 254 213 236 703 0.63 
HELOC258,833 256,582 1,366 178 707 2,251 0.87 
Consumer84,462 84,187 127 108 40 275 0.33 
   Total consumer loans8,831,663 8,795,475 13,432 5,436 17,320 36,188 0.41 
Total Loans$21,077,743 $21,031,022 $13,432 $9,036 $24,253 $46,721 0.22 %
Delinquency %99.78%0.06%0.04%0.12%0.22%



September 30, 2023Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$2,886,594 $2,886,462 $— $— $132 $132 — %
Commercial real estate3,310,101 3,285,673 848 145 23,435 24,428 0.74 
Commercial & industrial2,315,318 2,307,020 30 2,186 6,082 8,298 0.36 
Construction1,838,936 1,838,936 — — — — — 
Land - acquisition & development156,661 156,661 — — — — — 
  Total commercial loans10,507,610 10,474,752 878 2,331 29,649 32,858 0.31 
Consumer Loans
Single-family residential6,388,990 6,365,065 6,441 6,068 11,416 23,925 0.37 
Construction - custom324,451 320,987 760 2,617 87 3,464 1.07 
Land - consumer lot loans124,842 124,231 358 245 8 611 0.49 
HELOC237,754 235,708 1,050 314 682 2,046 0.86 
Consumer70,110 69,699 228 107 76 411 0.59 
  Total consumer loans7,146,147 7,115,690 8,837 9,351 12,269 30,457 0.43 
Total Loans$17,653,757 $17,590,442 $9,715 $11,682 $41,918 $63,315 0.36 %
Delinquency %99.64%0.06%0.07%0.24%0.36%
Schedule of Loan Modifications
The following table presents the amortized basis of loans that were modified to borrowers experiencing financial difficulty during the period by loan class and modification type. All such modifications during the quarter were term extensions.

Three Months Ended June 30, 2024
Loan ClassTerm Extension% of Total Loan Class BalanceWtd. Avg.
Term Extension
( in thousands)(in months)
Commercial real estate$23,435 0.63 %36
Commercial & industrial24,233 1.01 9
Total commercial loans47,668 0.20 
Single-family residential563 0.01 6
Total consumer loans563 0.01 
Total Loans$48,231 0.23 %
Nine Months Ended June 30, 2024
Loan ClassTerm Extension% of Total Loan Class BalanceWtd. Avg.
Term Extension
( in thousands)(in months)
Commercial real estate$23,502 0.63 %36
Commercial & industrial56,891 2.38 8
Construction13,153 0.91 15
Total commercial loans93,546 0.76 
Single-family residential563 0.01 6
Total commercial loans563 0.01 %
Total Loans$94,109 0.45 %
Schedule of Loans Based on Credit Quality Indicators
The following tables present by primary credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of June 30, 2024 and September 30, 2023. There were no commercial loans classified as Doubtful or Loss as of either date.
June 30, 2024Term Loans Amortized Cost Basis by Origination Year
YTD 20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$75,580 $187,791 $1,528,403 $1,184,931 $589,557 $742,732 $31,628 $17,119 $4,357,741 
Special Mention— — 92,856 2,667 — 4,256 — — 99,779 
Substandard— — 6,928 5,876 6,696 36,303 — — 55,803 
Total$75,580 $187,791 $1,628,187 $1,193,474 $596,253 $783,291 $31,628 $17,119 $4,513,323 
Commercial real estate
Pass$173,108 $245,719 $1,114,426 $726,381 $481,590 $839,432 $16,509 $— $3,597,165 
Special Mention— — 2,870 23,090 — 16,246 — — 42,206 
Substandard— 498 8,868 2,260 30,652 65,296 — — 107,574 
Total$173,108 $246,217 $1,126,164 $751,731 $512,242 $920,974 $16,509 $— $3,746,945 
Gross Charge-offs— — — — — 203 — 203 
Commercial & industrial
Pass$33,674 $154,481 $230,569 $289,491 $92,965 $167,152 $1,145,709 $2,037 $2,116,078 
Special Mention— 14,565 9,696 1,445 11,280 239 53,157 — 90,382 
Substandard— 2,009 45,401 1,565 2,586 47,741 83,473 1 182,776 
Total$33,674 $171,055 $285,666 $292,501 $106,831 $215,132 $1,282,339 $2,038 $2,389,236 
Gross Charge-offs— — — 10 — 31 2,331 101 2,473 
Construction
Pass$95,296 $391,954 $589,236 $262,828 $— $— $72,788 $— $1,412,102 
Special Mention— 8,093 — 3,096 — — — — 11,189 
Substandard787 2,161 760 13,153 — — — — 16,861 
Total$96,083 $402,208 $589,996 $279,077 $— $— $72,788 $— $1,440,152 
Land - acquisition & development
Pass$13,847 $14,374 $57,384 $46,802 $5,344 $18,260 $— $— $156,011 
Special Mention— — — — — 339 — — 339 
Substandard— — — — 74 — — — 74 
Total$13,847 $14,374 $57,384 $46,802 $5,418 $18,599 $— $— $156,424 
Gross Charge-offs— — — — — 18 — — 18 
Total commercial loans
Pass$391,505 $994,319 $3,520,018 $2,510,433 $1,169,456 $1,767,576 $1,266,634 $19,156 $11,639,097 
Special Mention— 22,658 105,422 30,298 11,280 21,080 53,157 — 243,895 
Substandard787 4,668 61,957 22,854 40,008 149,340 83,473 1 363,088 
Total$392,292 $1,021,645 $3,687,397 $2,563,585 $1,220,744 $1,937,996 $1,403,264 $19,157 $12,246,080 
Gross Charge-offs$— $— $— $10 $— $252 $2,331 $101 $2,694 
June 30, 2024Term Loans Amortized Cost Basis by Origination Year
YTD 20242023202220212020Prior to 2020Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$224,535 $757,335 $2,268,859 $2,099,611 $824,073 $1,979,837 $— $— $8,154,250 
30 days past due— 1,312 1,812 1,616 — 6,185 — — 10,925 
60 days past due— — 1,432 1,203 263 2,039 — — 4,937 
90+ days past due— 820 3,494 2,575 453 8,907 — — 16,249 
Total$224,535 $759,467 $2,275,597 $2,105,005 $824,789 $1,996,968 $— $— $8,186,361 
Gross Charge-offs— — 13 — — 131 — — 144 
Construction - custom
Current$26,660 $126,878 $33,910 $1,779 $— $358 $— $— $189,585 
30 days past due— — 760 — — — — — 760 
90+ days past due— — 88 — — — — — 88 
Total$26,660 $126,878 $34,758 $1,779 $— $358 $— $— $190,433 
Land - consumer lot loans
Current$13,385 $16,245 $32,007 $25,124 $9,747 $14,363 $— $— $110,871 
30 days past due— — 182 72 — — — — 254 
60 days past due— — — 213 — — — — 213 
90+ days past due— — 105 131 — — — — 236 
Total$13,385 $16,245 $32,294 $25,540 $9,747 $14,363 $— $— $111,574 
HELOC
Current$— $— $— $— $— $4,502 $251,116 $964 $256,582 
30 days past due— — — — — 297 1,069 — 1,366 
60 days past due— — — — — 178 — — 178 
90+ days past due— — — — — — 707 — 707 
Total$— $— $— $— $— $4,977 $252,892 $964 $258,833 
Consumer
Current$1,037 $56 $1 $9,493 $7,994 $19,382 $46,224 $— $84,187 
30 days past due— — — — — 127 — — 127 
60 days past due— — — — — 102 6 — 108 
90+ days past due— — — — — 31 9 — 40 
Total$1,037 $56 $1 $9,493 $7,994 $19,642 $46,239 $— $84,462 
Gross Charge-offs— — — — — 118 379 16 513 
Total consumer loans
Current$265,617 $900,514 $2,334,777 $2,136,007 $841,814 $2,018,442 $297,340 $964 $8,795,475 
30 days past due— 1,312 2,754 1,688 — 6,609 1,069 — 13,432 
60 days past due— — 1,432 1,416 263 2,319 6 — 5,436 
90+ days past due— 820 3,687 2,706 453 8,938 716 — 17,320 
Total past due— 2,132 7,873 5,810 716 17,866 1,791 — 36,188 
Total$265,617 $902,646 $2,342,650 $2,141,817 $842,530 $2,036,308 $299,131 $964 $8,831,663 
Gross Charge-offs$— $— $13 $— $— $249 $379 $16 $657 
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$135,859 $658,126 $850,998 $541,655 $135,965 $400,412 $49,523 $— $2,772,538 
Special Mention— 90,428 — — — — — — 90,428 
Substandard— 5,711 2,309 2,422 7,583 5,603 — — 23,628 
Total$135,859 $754,265 $853,307 $544,077 $143,548 $406,015 $49,523 $— $2,886,594 
Commercial real estate
Pass$221,057 $912,776 $735,069 $476,941 $262,945 $596,459 $2,349 $— $3,207,596 
Special Mention— — 788 — 4,059 — — — 4,847 
Substandard499 5,361 3,810 24,538 27,916 35,534 — — 97,658 
Total$221,556 $918,137 $739,667 $501,479 $294,920 $631,993 $2,349 $— $3,310,101 
Commercial & industrial
Pass$155,411 $258,798 $316,713 $117,089 $24,246 $175,042 $1,089,896 $27,681 $2,164,876 
Special Mention— — — — 2,940 — 3,707 — 6,647 
Substandard— 5,532 8,537 2,783 3,819 46,297 69,948 6,879 143,795 
Total$155,411 $264,330 $325,250 $119,872 $31,005 $221,339 $1,163,551 $34,560 $2,315,318 
Construction
Pass$235,150 $833,577 $559,850 $68,105 $46,390 $373 $74,821 $— $1,818,266 
Substandard2,901 5,119 12,650 — — — — — 20,670 
Total$238,051 $838,696 $572,500 $68,105 $46,390 $373 $74,821 $— $1,838,936 
Land - acquisition & development
Pass$20,593 $69,414 $39,276 $6,280 $351 $17,876 $2,600 $— $156,390 
Substandard— 271 — — — — — — 271 
Total$20,593 $69,685 $39,276 $6,280 $351 $17,876 $2,600 $— $156,661 
Total commercial loans
Pass$768,070 $2,732,691 $2,501,906 $1,210,070 $469,897 $1,190,162 $1,219,189 $27,681 $10,119,666 
Special Mention— 90,428 788 — 6,999 — 3,707 — 101,922 
Substandard3,400 21,994 27,306 29,743 39,318 87,434 69,948 6,879 286,022 
Total$771,470 $2,845,113 $2,530,000 $1,239,813 $516,214 $1,277,596 $1,292,844 $34,560 $10,507,610 
September 30, 2023Term Loans Amortized Cost Basis by Origination Year
20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$513,007 $1,478,479 $1,719,163 $718,250 $295,836 $1,640,330 $— $— $6,365,065 
30 days past due822 115 859 392 221 4,032 — — 6,441 
60 days past due— 1,526 1,420 1,325 — 1,797 — — 6,068 
90+ days past due— 1,470 666 1,408 — 7,872 — — 11,416 
Total$513,829 $1,481,590 $1,722,108 $721,375 $296,057 $1,654,031 $— $— $6,388,990 
Construction - custom
Current$92,081 $218,988 $8,838 $243 $358 $479 $— $— $320,987 
30 days past due— 760 — — — — — — 760 
60 days past due— — — 2,617 — — — — 2,617 
90+ days past due— 87 — — — — — — 87 
Total$92,081 $219,835 $8,838 $2,860 $358 $479 $— $— $324,451 
Land - consumer lot loans
Current$19,128 $41,658 $35,048 $11,517 $4,166 $12,714 $— $— $124,231 
30 days past due— — 358 — — — — — 358 
60 days past due— — 245 — — — — — 245 
90+ days past due— — — — — 8 — — 8 
Total$19,128 $41,658 $35,651 $11,517 $4,166 $12,722 $— $— $124,842 
HELOC
Current$— $— $— $— $— $3,733 $230,338 $1,637 $235,708 
30 days past due— — — — — 44 1,006 — 1,050 
60 days past due— — — — — 314 — — 314 
90+ days past due— — — — — — 682 — 682 
Total$— $— $— $— $— $4,091 $232,026 $1,637 $237,754 
Consumer
Current$662 $121 $9,748 $8,006 $16 $23,201 $27,945 $— $69,699 
30 days past due— — — — — 225 3 — 228 
60 days past due— — — — — 106 1 — 107 
90+ days past due— — — — 29 46 — 1 76 
Total$662 $121 $9,748 $8,006 $45 $23,578 $27,949 $1 $70,110 
Total consumer loans
Current$624,878 $1,739,246 $1,772,797 $738,016 $300,376 $1,680,457 $258,283 $1,637 $7,115,690 
30 days past due822 875 1,217 392 221 4,301 1,009 — 8,837 
60 days past due— 1,526 1,665 3,942 — 2,217 1 — 9,351 
90+ days past due— 1,557 666 1,408 29 7,926 682 1 12,269 
Total$625,700 $1,743,204 $1,776,345 $743,758 $300,626 $1,694,901 $259,975 $1,638 $7,146,147 
The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.
June 30, 2024Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$4,357,741 $99,779 $55,803 $— $— $4,513,323 
  Commercial real estate3,597,165 42,206 107,574 — — 3,746,945 
  Commercial & industrial2,116,078 90,382 182,776 — — 2,389,236 
  Construction1,412,102 11,189 16,861 — — 1,440,152 
  Land - acquisition & development156,011 339 74 — — 156,424 
    Total commercial loans11,639,097 243,895 363,088 — — 12,246,080 
Consumer loans
  Single-family residential8,165,936 — 20,425 — — 8,186,361 
  Construction - custom190,345 — 88 — — 190,433 
  Land - consumer lot loans111,125 — 449 — — 111,574 
  HELOC258,075 — 758 — — 258,833 
  Consumer84,441 — 21 — — 84,462 
    Total consumer loans8,809,922 — 21,741 — — 8,831,663 
Total$20,449,019 $243,895 $384,829 $— $— $21,077,743 
Total grade as a % of total loans97.02 %1.16 %1.84 %— %— %
September 30, 2023Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$2,772,538 $90,428 $23,628 $— $— $2,886,594 
  Commercial real estate3,207,596 4,847 97,658 — — 3,310,101 
  Commercial & industrial2,164,876 6,647 143,795 — — 2,315,318 
  Construction1,818,266 — 20,670 — — 1,838,936 
  Land - acquisition & development156,390 — 271 — — 156,661 
    Total commercial loans10,119,666 101,922 286,022 — — 10,507,610 
Consumer loans
  Single-family residential6,370,936 — 18,054 — — 6,388,990 
  Construction - custom324,363 — 88 — — 324,451 
  Land - consumer lot loans124,588 — 254 — — 124,842 
  HELOC237,018 — 736 — — 237,754 
  Consumer70,098 — 12 — — 70,110 
    Total consumer loans7,127,003 — 19,144 — — 7,146,147 
Total loans$17,246,669 $101,922 $305,166 $— $— $17,653,757 
Total grade as a % of total gross loans97.69 %0.58 %1.73 %— %— %

The following tables provide information on the amortized cost of loans receivable based on borrower payment activity.

June 30, 2024Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$4,503,339 99.8 %$9,984 0.2 %
   Commercial real estate3,720,537 99.3 26,408 0.7 
   Commercial & industrial2,387,098 99.9 2,138 0.1 
   Construction1,439,032 99.9 1,120 0.1 
   Land - acquisition & development156,350 100.0 74 — 
      Total commercial loans12,206,356 99.7 39,724 0.3 
Consumer loans
   Single-family residential8,165,939 99.8 20,422 0.2 
   Construction - custom190,345 100.0 88 — 
   Land - consumer lot loans111,338 99.8 236 0.2 
   HELOC258,075 99.7 758 0.3 
   Consumer84,422 100.0 40 0.0 
      Total consumer loans8,810,119 99.8 21,544 0.2 
Total loans$21,016,475 99.7 %$61,268 0.3 %
September 30, 2023Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$2,881,467 99.8 %$5,127 0.2 %
   Commercial real estate3,286,666 99.3 23,435 0.7 
   Commercial & industrial2,309,236 99.7 6,082 0.3 
   Construction1,838,936 100.0 — — 
   Land - acquisition & development156,661 100.0 — — 
      Total commercial loans10,472,966 99.7 34,644 0.3 
Consumer loans
   Single-family residential6,374,072 99.8 14,918 0.2 
   Construction - custom324,363 100.0 88 — 
   Land - consumer lot loans124,833 100.0 9 — 
   HELOC237,018 99.7 736 0.3 
   Consumer70,083 100.0 27 0.0 
      Total consumer loans7,130,369 99.8 15,778 0.2 
Total loans$17,603,335 99.7 %$50,422 0.3 %