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Fair Value Of Financial Instruments (Tables)
6 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule Of Fair Value Assets Measured On A Recurring Basis
The following tables provide the level of valuation assumption used to determine the carrying value of the Company's financial instruments measured at fair value on a recurring basis at the dates presented. The Company did not have any Level 3 financial instruments measured at fair value on a recurring basis at March 31, 2020 or September 30, 2019.
 
March 31, 2020
 
 
 
Quoted Prices
 
Significant
 
Significant
 
 
 
in Active Markets
 
Other Observable
 
Unobservable
 
Carrying
 
for Identical Assets
 
 Inputs
 
Inputs
 
Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
(Dollars in thousands)
Assets:
 
 
 
 
 
 
 
AFS Securities:
 
 
 
 
 
 
 
MBS
$
973,318

 
$
—

 
$
973,318

 
$
—

GSE debentures
250,779

 
—

 
250,779

 
—

Municipal bonds
11,940

 
—

 
11,940

 
—

 
$
1,236,037

 
$
—

 
$
1,236,037

 
$
—

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
55,555

 
$
—

 
$
55,555

 
$
—


 
September 30, 2019
 
 
 
Quoted Prices
 
Significant
 
Significant
 
 
 
in Active Markets
 
Other Observable
 
Unobservable
 
Carrying
 
for Identical Assets
 
 Inputs
 
Inputs
 
Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
(Dollars in thousands)
Assets:
 
 
 
 
 
 
 
AFS Securities:
 
 
 
 
 
 
 
MBS
$
936,487

 
$
—

 
$
936,487

 
$
—

GSE debentures
249,954

 
—

 
249,954

 
—

Municipal bonds
18,422

 
—

 
18,422

 
—

 
$
1,204,863

 
$
—

 
$
1,204,863

 
$
—

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest rate swaps
$
33,090

 
$
—

 
$
33,090

 
$
—



Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments
The carrying amounts and estimated fair values of the Company's financial instruments by fair value hierarchy, at the dates presented, were as follows:
 
March 31, 2020
 
Carrying
 
Estimated Fair Value
 
Amount
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(Dollars in thousands)
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
118,374

 
$
118,374

 
$
118,374

 
$
—

 
$
—

AFS securities
1,236,037

 
1,236,037

 
—

 
1,236,037

 
—

Loans receivable
7,476,805

 
7,934,879

 
—

 
—

 
7,934,879

FHLB stock
101,575

 
101,575

 
101,575

 
—

 
—

Liabilities:
 
 
 
 
 
 
 
 
 
Deposits
5,774,619

 
5,852,187

 
2,732,263

 
3,119,924

 
—

Borrowings
2,115,869

 
2,165,705

 
30,000

 
2,135,705

 
—

Interest rate swaps
55,555

 
55,555

 
—

 
55,555

 
—

 
 
 
 
 
 
 
 
 
 
 
September 30, 2019
 
Carrying
 
Estimated Fair Value
 
Amount
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(Dollars in thousands)
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
220,370

 
$
220,370

 
$
220,370

 
$
—

 
$
—

AFS securities
1,204,863

 
1,204,863

 
—

 
1,204,863

 
—

Loans receivable
7,416,747

 
7,654,586

 
—

 
—

 
7,654,586

FHLB stock
98,456

 
98,456

 
98,456

 
—

 
—

Liabilities:
 
 
 
 
 
 
 
 
 
Deposits
5,581,867

 
5,614,895

 
2,594,242

 
3,020,653

 
—

Borrowings
2,239,989

 
2,253,353

 
100,001

 
2,153,352

 
—

Interest rate swaps
33,090

 
33,090

 
—

 
33,090

 
—