Credit Quality of Financing Receivables and the Allowance for Loan Losses (Tables)

9 Months Ended

Jun. 30, 2012

Credit Quality of Financing Receivables and the Allowance for Loan Losses [Abstract]

Balance of the allowance for loan losses by portfolio segment, disaggregated by impairment methodology, further segregated by amounts evaluated for impairment collectively and individually

The following tables set forth as of the end of each reporting period, the balance of the allowance for loan losses by portfolio segment, disaggregated by impairment methodology, which is then further segregated by amounts evaluated for impairment collectively and individually.

	As of June 30, 2012
	One-to Four-Family Owner Occupied			One-to Four-Family Non-Owner Occupied			Mobile Home		Secured by Other Properties			Construction and Land Development		Other Loans			Unallocated		Total
Allowance for Credit Losses:
Beginning Balance	$	64,547		$	382,023		$	52,719	$	25,702		$	91,135	$	3,907		$	45,256	$	665,289
Charge-offs		(17,815	)		(170,000	)		—		—			—		—			—		(187,815	)
Recoveries		—			—			—		—			—		—			—		—
Provision		92,871			81,348			34,376		(1,376	)		2,323		(665	)		16,123		225,000
Ending Balance	$	139,603		$	293,371		$	87,095	$	24,326		$	93,458	$	3,242		$	61,379	$	702,474
Ending balance: individually evaluated for impairment	$	55,468		$	32,532		$	36,721	$	—		$	—	$	—		$	—	$	124,721
Ending balance: collectively evaluated for impairment	$	84,135		$	260,839		$	50,374	$	74,002		$	43,782	$	3,242		$	61,379	$	577,753
Ending balance: loans acquired with deteriorated credit quality	$	—		$	—		$	—	$	—		$	—	$	—		$	—	$	—
Financing receivables:
Ending balance	$	28,031,137		$	17,942,588		$	2,134,854	$	1,765,429		$	3,267,696	$	1,296,802				$	54,438,506
Ending balance: individually evaluated for impairment	$	492,872		$	1,548,556		$	104,470	$	216,000		$	—	$	—				$	2,361,898
Ending balance: collectively evaluated for impairment	$	27,140,315		$	16,394,032		$	2,030,384	$	1,549,429		$	3,267,696	$	1,296,802				$	51,678,658
Ending balance: loans acquired with deteriorated credit quality	$	397,950		$	—		$	—	$	—		$	—	$	—				$	397,950

	As of September 30, 2011
	One-to Four-Family Owner Occupied		One-to Four-Family Non-Owner Occupied			Mobile Home		Secured by Other Properties			Construction and Land Development			Other Loans			Unallocated		Total
Allowance for Credit Losses:
Beginning Balance	$	38,957	$	74,835		$	—	$	61,516		$	130,008		$	5,451		$	23,719	$	334,486
Charge-offs		—		(9,770	)		—		(114,427	)		—			—			—		(124,197	)
Recoveries		—		—			—		—			—			—			—		—
Provision		25,590		316,958			52,719		78,613			(38,873	)		(1,544	)		21,537		455,000
Ending Balance	$	64,547	$	382,023		$	52,719	$	25,702		$	91,135		$	3,907		$	45,256	$	665,289
Ending balance: individually evaluated for impairment	$	—	$	152,000		$	11,142	$	—		$	—		$	—		$	—	$	163,142
Ending balance: collectively evaluated for impairment	$	64,547	$	230,023		$	41,577	$	25,702		$	91,135		$	3,907		$	45,256	$	502,147
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—		$	—	$	—		$	—		$	—		$	—	$	—
Financing receivables:
Ending balance	$	26,731,123	$	17,516,270		$	2,429,452	$	1,783,214		$	4,495,930		$	1,507,891				$	54,463,880
Ending balance: individually evaluated for impairment	$	—	$	829,477		$	51,313	$	216,000		$	—		$	—				$	1,096,790
Ending balance: collectively evaluated for impairment	$	26,731,123	$	16,686,793		$	2,378,139	$	1,567,214		$	4,495,930		$	1,507,891				$	53,367,090
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—		$	—	$	—		$	—		$	—				$	—

Summary of the loan portfolio quality indicators by loan class recorded investment

The following tables are a summary of the loan portfolio quality indicators by loan class recorded investment as of June 30, 2012 and September 30, 2011:

	June 30, 2012
	One-to Four-Family Owner Occupied		One-to Four-Family Non-Owner Occupied		Home Equity		Mobile Home		Secured by Other Properties		Construction and Land Development
Grade:
Pass	$	25,232,114	$	16,019,081	$	1,908,201	$	1,927,507	$	1,549,429	$	2,788,658
Special Mention		—		—		—		74,894		—		—
Substandard		890,822		1,923,507		—		132,453		—		479,038
Doubtful		—		—		—		—		216,000		—
	$	26,122,936	$	17,942,588	$	1,908,201	$	2,134,854	$	1,765,429	$	3,267,696
	Secured Commercial		Savings
Grade:
Pass	$	1,285,112	$	11,690
Special Mention		—		—
Substandard		—		—
Doubtful		—		—
	$	1,285,112	$	11,690

	September 30, 2011
	One-to Four-Family Owner Occupied		One-to Four-Family Non-Owner Occupied		Home Equity		Mobile Home		Secured by Other Properties		Construction and Land Development
Grade:
Pass	$	24,759,826	$	16,116,447	$	1,747,844	$	2,252,642	$	1,567,214	$	3,982,117
Special Mention		—		440,137		—		—		—		90,000
Substandard		150,407		959,686		73,046		176,810		—		423,813
Doubtful		—		—		—		—		216,000		—
	$	24,910,233	$	17,516,270	$	1,820,890	$	2,429,452	$	1,783,214	$	4,495,930
	Secured Commercial		Commercial Leases		Savings
Grade:
Pass	$	1,495,579	$	4,941	$	6,438
Special Mention		—		—		—
Substandard		—		933		—
Doubtful		—		—		—
	$	1,495,579	$	5,874	$	6,438

Loan portfolio delinquencies by loan class

The following tables set forth certain information with respect to our loan portfolio delinquencies by loan class and amount as of June 30, 2012 and September 30, 2011:

	June 30, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Real estate loans:
One-to four-family owner occupied	$	167,554	$	—	$	723,268	$	890,822	$	25,232,114	$	26,122,936	$	—
One-to four-family non-owner occupied		—		—		726,861		726,861		17,215,727		17,942,588		—
Home equity		—		—		—		—		1,908,201		1,908,201		—
Mobile home		—		48,618		55,277		103,895		2,030,959		2,134,854		—
Secured by other properties		—		—		216,000		216,000		1,549,429		1,765,429		—
Construction and land development		—		—		—		—		3,267,696		3,267,696		—
Total real estate loans		167,554		48,618		1,721,406		1,937,578		51,204,126		53,141,704		—
Other loans:
Secured commercial		—		—		—		—		1,285,112		1,285,112		—
Savings accounts		—		—		—		—		11,690		11,690		—
Total other loans		—		—		—		—		1,296,802		1,296,802		—
Total loans	$	167,554	$	48,618	$	1,721,406	$	1,937,578	$	52,500,928	$	54,438,506	$	—

	September 30, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Real estate loans:
One-to four-family owner occupied	$	30,153	$	—	$	150,407	$	180,560	$	24,729,673	$	24,910,233	$	—
One-to four-family non-owner occupied		377,862		—		920,322		1,298,184		16,218,086		17,516,270		—
Home equity		—		—		73,046		73,046		1,747,844		1,820,890		—
Mobile home		49,292		—		95,904		145,196		2,284,256		2,429,452		—
Secured by other properties		—		—		216,000		216,000		1,567,214		1,783,214		—
Construction and land development		—		—		—		—		4,495,930		4,495,930		—
Total real estate loans		457,307		—		1,455,679		1,912,986		51,043,003		52,955,989		—
Other loans:
Secured commercial		—		—		—		—		1,495,579		1,495,579		—
Commercial leases		—		—		933		933		4,941		5,874		—
Savings accounts		—		—		—		—		6,438		6,438		—
Total other loans		—		—		933		933		1,506,958		1,507,891		—
Total loans	$	457,307	$	—	$	1,456,612	$	1,913,919	$	52,549,961	$	54,463,880	$	—

Recorded investment in non-accrual loans

The following table is a summary of the recorded investment in non-accrual loans by loan class as of the dates indicated:

	June 30, 2012		September 30, 2011
Real estate loans:
One-to four-family owner occupied	$	890,822	$	150,407
One-to four-family non-owner occupied		726,861		920,322
Home equity		—		73,046
Mobile home		55,277		95,904
Secured by other properties		216,000		216,000
Construction and land development		—		—
Total real estate loans		1,888,960		1,455,679
Other loans:
Secured commercial		—		—
Commercial leases		—		933
Savings accounts		—		—
Total other loans		—		933
Total loans	$	1,888,960	$	1,456,612

Summary of impaired loans by class of loans

The following tables are a summary of impaired loans by class of loans as of June 30, 2012 and September 30, 2011:

	June 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One-to four-family owner occupied	$	402,153	$	397,950	$	—	$	402,153	$	18,959
One-to four-family non-owner occupied		881,761		726,861		—		881,761		14,293
Secured by other properties		225,834		216,000		—		225,834		—
With an allowance recorded:
One-to four-family owner occupied	$	513,398	$	492,872	$	55,468	$	513,398	$	6,417
One-to four-family non-owner occupied		825,119		821,695		32,532		825,119		39,630
Mobile home		110,326		104,470		36,721		110,326		5,119
Total
One-to four-family owner occupied	$	915,551	$	890,822	$	55,468	$	915,551	$	25,376
One-to four-family non-owner occupied		1,706,880		1,548,556		32,532		1,706,880		53,923
Secured by other properties		225,834		216,000		—		225,834		—
Mobile home		110,326		104,470		36,721		110,326		5,119

	September 30, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Secured by other properties	$	224,193	$	216,000	$	—	$	224,193	$	642
With an allowance recorded:
One-to four-family non-owner occupied	$	920,579	$	829,477	$	152,000	$	920,579	$	17,923
Mobile home		51,507		51,313		11,142		51,507		5,236
Total
One-to four-family non-owner occupied	$	920,579	$	829,477	$	152,000	$	920,579	$	17,923
Secured by other properties		224,193		216,000		—		224,193		642
Mobile home		51,507		51,313		11,142		51,507		5,236

Summary of impaired loans that were modified due to a TDR by class

The following table is a summary of impaired loans that were modified due to a TDR by class as for the three and nine months ended June 30, 2012:

	Modifications for the three months ended June 30,  2012
	Number of contracts		Pre-Modification Outstanding Recorded Investments		Post- Modification Outstanding Recorded Investments
Troubled Debt Restructuring		—		—		—
			Recorded Investment
Troubled Debt Restructuring that subsequently defaulted				—

	Modifications for the nine months ended June 30,  2012
	Number of contracts		Pre-Modification Outstanding Recorded Investments		Post-Modification Outstanding Recorded Investments
Troubled Debt Restructuring
One-to four-family owner occupied		1	$	159,295	$	146,827
One-to four-family non-owner occupied		4		825,119		792,587
			Recorded Investment
Troubled Debt Restructuring that subsequently defaulted		—		—