XML 47 R28.htm IDEA: XBRL DOCUMENT

Loans Receivable And Allowance For Credit Losses (Tables)

12 Months Ended

Sep. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]



	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

Recorded Investment in Loans, Past Due



	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

Recorded Investment in Loans, Nonaccrual



	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

Recorded Investment in Classified Loans



	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

Weighted Average Loan-to-Value and Credit Score Information



	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

Troubled Debt Restructurings on Financing Receivables



	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



	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 by Class



	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



	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



	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

Summary of Loan Portfolio Segment Disaggregated by the Company's Impairment Method



	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