Loans receivable, net at September 30, 2014 and 2013 is summarized as follows:



	2014			2013
	(Dollars in thousands)
Real estate loans:
One- to four-family	$	5,972,031		$	5,743,047
Multi-family and commercial	75,677			50,358
Construction	106,790			77,743
Total real estate loans	6,154,498			5,871,148

Consumer loans:
Home equity	130,484			135,028
Other	4,537			5,623
Total consumer loans	135,021			140,651

Total loans receivable	6,289,519			6,011,799

Less:
Undisbursed loan funds	52,001			42,807
ACL	9,227			8,822
Discounts/unearned loan fees	23,687			23,057
Premiums/deferred costs	(28,566		)	(21,755		)
	$	6,233,170		$	5,958,868

As of September 30, 2014 and 2013, the Bank serviced loans for others aggregating approximately $195.0 million and $237.7 million, respectively. Such loans are not included in the accompanying consolidated balance sheets. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and foreclosure processing. Loan servicing income includes servicing fees withheld from investors and certain charges collected from borrowers, such as late payment fees. The Bank held borrowers' escrow balances on loans serviced for others of $3.4 million and $4.1 million as of September 30, 2014 and 2013, respectively.

Lending Practices and Underwriting Standards - Originating and purchasing one- to four-family loans is the Bank's primary lending business, resulting in a loan concentration in residential first mortgage loans. The Bank purchases one- to four-family loans, on a loan-by-loan basis, from a select group of correspondent lenders, and also originates consumer loans, commercial and multi-family real estate loans, and construction loans secured by residential, multi-family or commercial real estate. As a result of our one- to four-family lending activities, the Bank has a concentration of loans secured by real property located in Kansas and Missouri.

One- to four-family loans - Full documentation to support an applicant's credit and income, and sufficient funds to cover all applicable fees and reserves at closing, are required on all loans. Loans are underwritten according to the "ability to repay" and "qualified mortgage" standards, as issued by the Consumer Financial Protection Bureau, with total debt-to-income ratios not exceeding 43% of a borrower's verified income. Properties securing one- to four-family loans are appraised by either staff appraisers or fee appraisers, both of which are independent of the loan origination function and approved by our Board of Directors.

The underwriting standards for loans purchased from correspondent and nationwide lenders are generally similar to the Bank's internal underwriting standards. The underwriting of correspondent loans is performed by the Bank's underwriters. For the tables within this Note, correspondent purchased loans are included with originated loans, and bulk purchased loans are reported as purchased loans.

The Bank also originates construction-to-permanent loans secured by one- to four-family residential real estate. Construction loans are obtained by homeowners who will occupy the property when construction is complete. Construction loans to builders for speculative purposes are not permitted. All construction loans are manually underwritten using the Bank's internal underwriting standards. Construction draw requests and the supporting documentation are reviewed and approved by management. The Bank also performs regular documented inspections of the construction project to ensure the funds are being used for the intended purpose and the project is being completed according to the plans and specifications provided.

Multi-family and commercial loans - The Bank's multi-family, commercial real estate, and related construction loans are originated by the Bank or are in participation with a lead bank. These loans are granted based on the income producing potential of the property and the financial strength of the borrower and/or guarantor. At the time of origination, LTV ratios on multi-family, commercial real estate, and related construction loans cannot exceed 80% of the appraised value of the property securing the loans. The net operating income, which is the income derived from the operation of the property less all operating expenses, must be in excess of the required payments related to the outstanding debt at the time of origination. The Bank generally requires personal guarantees from the borrowers covering a portion of the debt in addition to the security property as collateral for these loans. Appraisals on properties securing these loans are performed by independent state certified fee appraisers.

Consumer loans - The Bank offers a variety of secured consumer loans, including home equity loans and lines of credit, home improvement loans, auto loans, and loans secured by savings deposits. The Bank also originates a very limited amount of unsecured loans. The Bank does not originate any consumer loans on an indirect basis, such as contracts purchased from retailers of goods or services which have extended credit to their customers. The majority of the consumer loan portfolio is comprised of home equity lines of credit for which the Bank also has the first mortgage or the home equity line of credit is in the first lien position.

The underwriting standards for consumer loans include a determination of an applicant's payment history on other debts and an assessment of an applicant's ability to meet existing obligations and payments on the proposed loan. Although creditworthiness of an applicant is a primary consideration, the underwriting process also includes a comparison of the value of the security in relation to the proposed loan amount.

Credit Quality Indicators - Based on the Bank's lending emphasis and underwriting standards, management has segmented the loan portfolio into three segments: (1) one- to four-family loans; (2) consumer loans; and (3) multi-family and commercial loans. The one- to four-family and consumer segments are further segmented into classes for purposes of providing disaggregated information about the credit quality of the loan portfolio. The classes are: one- to four-family loans - originated, one- to four-family loans - purchased, consumer loans - home equity, and consumer loans - other.

The Bank's primary credit quality indicators for the one- to four-family loan and consumer - home equity loan portfolios are delinquency status, asset classifications, LTV ratios, and borrower credit scores. The Bank's primary credit quality indicators for the multi-family and commercial loan and consumer - other loan portfolios are delinquency status and asset classifications.

The following tables present the recorded investment, by class, in loans 30 to 89 days delinquent, loans 90 or more days delinquent or in foreclosure, total delinquent loans, total current loans, and total recorded investment at the dates presented. The recorded investment in loans is defined as the unpaid principal balance of a loan (net of unadvanced funds related to loans in process), less charge-offs and inclusive of unearned loan fees and deferred costs. At September 30, 2014 and September 30, 2013, all loans 90 or more days delinquent were on nonaccrual status.



	September 30, 2014
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Recorded
	Delinquent		in Foreclosure		Loans		Loans		Investment
	(Dollars in thousands)
One- to four-family loans - originated	$	15,396	$	8,566	$	23,962	$	5,421,112	$	5,445,074
One- to four-family loans - purchased	7,937		7,190		15,127		550,229		565,356
Multi-family and commercial loans	—		—		—		96,946		96,946
Consumer - home equity	770		397		1,167		129,317		130,484
Consumer - other	69		13		82		4,455		4,537
	$	24,172	$	16,166	$	40,338	$	6,202,059	$	6,242,397



	September 30, 2013
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Recorded
	Delinquent		in Foreclosure		Loans		Loans		Investment
	(Dollars in thousands)
One- to four-family loans - originated	$	18,889	$	9,379	$	28,268	$	5,092,581	$	5,120,849
One- to four-family loans - purchased	7,842		9,695		17,537		631,050		648,587
Multi-family and commercial loans	—		—		—		57,603		57,603
Consumer - home equity	848		485		1,333		133,695		135,028
Consumer - other	35		5		40		5,583		5,623
	$	27,614	$	19,564	$	47,178	$	5,920,512	$	5,967,690

The following table presents the recorded investment, by class, in loans classified as nonaccrual at the dates presented.



	September 30,
	2014		2013
	(Dollars in thousands)
One- to four-family loans - originated	$	16,546	$	15,939
One- to four-family loans - purchased	7,940		9,985
Multi-family and commercial loans	—		—
Consumer - home equity	442		586
Consumer - other	13		5
	$	24,941	$	26,515

In accordance with the Bank's asset classification policy, management regularly reviews the problem loans in the Bank's portfolio to determine whether any loans require classification. Loan classifications are defined as follows:


•	Special mention - These loans are performing loans on which known information about the collateral pledged or the possible credit problems of the borrower(s) have caused management to have doubts as to the ability of the borrower(s) to comply with present loan repayment terms and which may result in the future inclusion of such loans in the non-performing loan categories.


•	Substandard - A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those characterized by the distinct possibility the Bank will sustain some loss if the deficiencies are not corrected.


•	Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses present make collection or liquidation in full on the basis of currently existing facts and conditions and values highly questionable and improbable.


•	Loss - Loans classified as loss are considered uncollectible and of such little value that their continuance as assets on the books is not warranted.

The following table sets forth the recorded investment in loans classified as special mention or substandard, by class, at the dates presented. Special mention and substandard loans are included in the formula analysis model if the loan is not individually evaluated for loss. Loans classified as doubtful or loss are individually evaluated for loss. At the dates presented, there were no loans classified as doubtful, and all loans classified as loss were fully charged-off.



	September 30,
	2014				2013
	Special Mention		Substandard		Special Mention		Substandard
	(Dollars in thousands)
One- to four-family - originated	$	20,068	$	29,151	$	29,359	$	27,761
One- to four-family - purchased	2,738		11,470		1,871		14,195
Multi-family and commercial	—		—		1,976		—
Consumer - home equity	146		887		87		819
Consumer - other	5		13		—		13
	$	22,957	$	41,521	$	33,293	$	42,788

The following table shows the weighted average credit score and weighted average LTV for originated and purchased one- to four-family loans and originated consumer home equity loans at the dates presented. Borrower credit scores are intended to provide an indication as to the likelihood that a borrower will repay their debts. Credit scores are updated at least semiannually, with the last update in September 2014, from a nationally recognized consumer rating agency. The LTV ratios provide an estimate of the extent to which the Bank may incur a loss on any given loan that may go into foreclosure. The LTV ratios were based on the current loan balance and either the lesser of the purchase price or original appraisal, or the most recent Bank appraisal, if available. In most cases, the most recent appraisal was obtained at the time of origination.



	September 30,
	2014			2013
	Credit Score	LTV		Credit Score	LTV
One- to four-family - originated	764	65	%	762	65	%
One- to four-family - purchased	749	66		747	67
Consumer - home equity	751	18		746	19
	762	64		760	64

TDRs - The following tables present the recorded investment prior to restructuring and immediately after restructuring in all loans restructured during the periods presented. These tables do not reflect the recorded investment at the end of the periods indicated. Any increase in the recorded investment at the time of the restructuring was generally due to the capitalization of delinquent interest and/or escrow balances.



	For the Year Ended September 30, 2014
	Number	Pre-		Post-
	of	Restructured		Restructured
	Contracts	Outstanding		Outstanding
	(Dollars in thousands)
One- to four-family loans - originated	145	$	17,721	$	17,785
One- to four-family loans - purchased	7	1,054		1,056
Multi-family and commercial loans	—	—		—
Consumer - home equity	6	100		101
Consumer - other	—	—		—
	158	$	18,875	$	18,942



	For the Year Ended September 30, 2013
	Number	Pre-		Post-
	of	Restructured		Restructured
	Contracts	Outstanding		Outstanding
	(Dollars in thousands)
One- to four-family loans - originated	178	$	30,707	$	30,900
One- to four-family loans - purchased	9	2,324		2,366
Multi-family and commercial loans	2	82		79
Consumer - home equity	14	297		305
Consumer - other	—	—		—
	203	$	33,410	$	33,650



	For the Year Ended September 30, 2012
	Number	Pre-		Post-
	of	Restructured		Restructured
	Contracts	Outstanding		Outstanding
	(Dollars in thousands)
One- to four-family loans - originated	232	$	33,683	$	33,815
One- to four-family loans - purchased	14	3,878		3,877
Multi-family and commercial loans	—	—		—
Consumer - home equity	23	466		475
Consumer - other	1	12		12
	270	$	38,039	$	38,179

The following table provides information on TDRs restructured within the last 12 months that became delinquent during the periods presented.



	For the Years Ended
	September 30, 2014			September 30, 2013			September 30, 2012
	Number of	Recorded		Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment		Contracts	Investment
	(Dollars in thousands)
One- to four-family loans - originated	38	$	4,112	38	$	3,341	14	$	2,340
One- to four-family loans - purchased	3	780		6	1,270		—	—
Multi-family and commercial loans	—	—		—	—		—	—
Consumer - home equity	2	56		3	22		—	—
Consumer - other	—	—		1	10		—	—
	43	$	4,948	48	$	4,643	14	$	2,340

Impaired loans - The following information pertains to impaired loans, by class, as of the dates presented. A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the loan agreement.



	September 30, 2014						September 30, 2013
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		ACL		Investment		Balance		ACL
	(Dollars in thousands)
With no related allowance recorded
One- to four-family - originated	$	13,871	$	14,507	$	—	$	12,950	$	13,543	$	—
One- to four-family - purchased	12,405		14,896		—		13,882		16,645		—
Multi-family and commercial	—		—		—		—		—		—
Consumer - home equity	605		892		—		577		980		—
Consumer - other	13		22		—		2		7		—
	26,894		30,317		—		27,411		31,175		—
With an allowance recorded
One- to four-family - originated	23,675		23,767		107		35,520		35,619		209
One- to four-family - purchased	1,820		1,791		56		2,034		2,015		29
Multi-family and commercial	—		—		—		73		74		2
Consumer - home equity	464		464		39		492		492		78
Consumer - other	—		—		—		11		11		1
	25,959		26,022		202		38,130		38,211		319
Total
One- to four-family - originated	37,546		38,274		107		48,470		49,162		209
One- to four-family - purchased	14,225		16,687		56		15,916		18,660		29
Multi-family and commercial	—		—		—		73		74		2
Consumer - home equity	1,069		1,356		39		1,069		1,472		78
Consumer - other	13		22		—		13		18		1
	$	52,853	$	56,339	$	202	$	65,541	$	69,386	$	319

The following information pertains to impaired loans, by class, for the periods presented.



	For the Years Ended
	September 30, 2014				September 30, 2013				September 30, 2012
	Average		Interest		Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
With no related allowance recorded
One- to four-family - originated	$	13,455	$	416	$	9,763	$	321	$	41,396	$	176
One- to four-family - purchased	13,305		212		14,730		186		12,296		126
Multi-family and commercial	—		—		—		—		223		—
Consumer - home equity	567		33		567		39		543		6
Consumer - other	6		—		19		—		11		—
	27,333		661		25,079		546		54,469		308
With an allowance recorded
One- to four-family - originated	28,171		1,117		40,590		1,651		10,886		1,330
One- to four-family - purchased	2,334		53		2,052		74		6,138		51
Multi-family and commercial	17		1		58		3		—		—
Consumer - home equity	558		22		534		23		226		4
Consumer - other	12		—		23		1		6		—
	31,092		1,193		43,257		1,752		17,256		1,385
Total
One- to four-family - originated	41,626		1,533		50,353		1,972		52,282		1,506
One- to four-family - purchased	15,639		265		16,782		260		18,434		177
Multi-family and commercial	17		1		58		3		223		—
Consumer - home equity	1,125		55		1,101		62		769		10
Consumer - other	18		—		42		1		17		—
	$	58,425	$	1,854	$	68,336	$	2,298	$	71,725	$	1,693

Allowance for Credit Losses - The following is a summary of ACL activity, by segment, for the periods presented, and the ending balance of ACL based on the Company's impairment methodology. Of the $1.2 million of net charge-offs during the year ended September 30, 2013, $381 thousand was due to loans that were primarily discharged in a prior fiscal year under Chapter 7 bankruptcy that had to be, pursuant to regulatory reporting requirements, evaluated for collateral value loss, even if they were current. In January 2012, management implemented a new loan charge-off policy in accordance with regulatory reporting requirements, which resulted in $3.5 million of specific valuation allowances being charged-off during fiscal year 2012.



	For the Year Ended September 30, 2014
	One- to Four-			One- to Four-			One- to Four-			Multi-family
	Family -			Family -			Family -			and
	Originated			Purchased			Total			Commercial		Consumer			Total
	(Dollars in thousands)
Beginning balance	$	5,771		$	2,486		$	8,257		$	185	$	380		$	8,822
Charge-offs	(380		)	(653		)	(1,033		)	—		(109		)	(1,142		)
Recoveries	1			64			65			—		73			138
Provision for credit losses	871			426			1,297			215		(103		)	1,409
Ending balance	$	6,263		$	2,323		$	8,586		$	400	$	241		$	9,227



	For the Year Ended September 30, 2013
	One- to Four-			One- to Four-			One- to Four-			Multi-family
	Family -			Family -			Family -			and
	Originated			Purchased			Total			Commercial			Consumer			Total
	(Dollars in thousands)
Beginning balance	$	6,074		$	4,453		$	10,527		$	219		$	354		$	11,100
Charge-offs	(637		)	(761		)	(1,398		)	—			(259		)	(1,657		)
Recoveries	14			398			412			—			34			446
Provision for credit losses	320			(1,604		)	(1,284		)	(34		)	251			(1,067		)
Ending balance	$	5,771		$	2,486		$	8,257		$	185		$	380		$	8,822



	For the Year Ended September 30, 2012
	One- to Four-			One- to Four-			One- to Four-			Multi-family
	Family -			Family -			Family -			and
	Originated			Purchased			Total			Commercial			Consumer			Total
	(Dollars in thousands)
Beginning balance	$	4,915		$	9,901		$	14,816		$	254		$	395		$	15,465
Charge-offs	(892		)	(5,186		)	(6,078		)	—			(357		)	(6,435		)
Recoveries	16			8			24			—			6			30
Provision for credit losses	2,035			(270		)	1,765			(35		)	310			2,040
Ending balance	$	6,074		$	4,453		$	10,527		$	219		$	354		$	11,100

The following is a summary of the loan portfolio and related ACL balances, at the dates presented, by loan portfolio segment disaggregated by the Company's impairment method. There was no ACL for loans individually evaluated for impairment at either date as all potential losses were charged-off.



	September 30, 2014
	One- to Four-		One- to Four-		One- to Four-		Multi-family
	Family -		Family -		Family -		and
	Originated		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Recorded investment in loans
collectively evaluated for impairment	$	5,431,203	$	552,951	$	5,984,154	$	96,946	$	134,403	$	6,215,503

Recorded investment in loans
individually evaluated for impairment	13,871		12,405		26,276		—		618		26,894
	$	5,445,074	$	565,356	$	6,010,430	$	96,946	$	135,021	$	6,242,397

ACL for loans collectively
evaluated for impairment	$	6,263	$	2,323	$	8,586	$	400	$	241	$	9,227



	September 30, 2013
	One- to Four-		One- to Four-		One- to Four-		Multi-family
	Family -		Family -		Family -		and
	Originated		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Recorded investment in loans
collectively evaluated for impairment	$	5,107,899	$	634,705	$	5,742,604	$	57,603	$	140,072	$	5,940,279

Recorded investment in loans
individually evaluated for impairment	12,950		13,882		26,832		—		579		27,411
	$	5,120,849	$	648,587	$	5,769,436	$	57,603	$	140,651	$	5,967,690

ACL for loans collectively
evaluated for impairment	$	5,771	$	2,486	$	8,257	$	185	$	380	$	8,822