Loans Receivable And Allowance For Credit Losses

3 Months Ended

Dec. 31, 2021

Loans and Leases Receivable Disclosure [Abstract]

Loans Receivable And Allowance For Credit Losses

LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

Loans receivable, net at the dates presented is summarized as follows:

	December 31, 2021		September 30, 2021
	(Dollars in thousands)
One- to four-family:
Originated	$	3,941,568	$	3,956,064
Correspondent purchased	1,991,944		2,003,477
Bulk purchased	165,339		173,662
Construction	47,508		39,142
Total	6,146,359		6,172,345
Commercial:
Commercial real estate	687,518		676,908
Commercial and industrial	76,254		66,497
Construction	105,702		85,963
Total	869,474		829,368
Consumer:
Home equity	84,400		86,274
Other	7,825		8,086
Total	92,225		94,360
Total loans receivable	7,108,058		7,096,073
Less:
ACL	17,535		19,823
Discounts/unearned loan fees	29,363		29,556
Premiums/deferred costs	(34,445)		(34,448)
	$	7,095,605	$	7,081,142

Lending Practices and Underwriting Standards - Originating and purchasing one- to four-family loans is the Bank's primary lending business. The Bank also originates consumer loans primarily secured by one- to four-family residential properties and originates and participates in commercial loans. The Bank has a loan concentration in one- to four-family loans and a geographic concentration of these loans 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. Generally, loans are underwritten according to the "ability to repay" and "qualified mortgage" standards, as issued by the Consumer Financial Protection Bureau ("CFPB"). 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.

The underwriting standards for loans purchased from correspondent lenders are generally similar to the Bank's internal underwriting standards. The underwriting of loans purchased from correspondent lenders on a loan-by-loan basis is performed by the Bank's underwriters.

The Bank also originates owner-occupied construction-to-permanent loans secured by one- to four-family residential real estate. Construction draw requests and the supporting documentation are reviewed and approved by designated personnel. 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.

Commercial loans - The Bank's commercial real estate and commercial construction loans are originated by the Bank or are in participation with a lead bank. When underwriting a commercial real estate or commercial construction loan, several factors are considered, such as the income producing potential of the property, cash equity provided by the borrower, the financial strength of the borrower, managerial expertise of the borrower or tenant, feasibility studies, lending experience with the borrower and the marketability of the property. For commercial real estate and commercial construction participation loans, the Bank performs the same underwriting procedures as if the loan was being originated by the Bank. At the time of origination, loan-to-value ("LTV")

ratios on commercial real estate loans generally do not exceed 85% of the appraised value of the property securing the loans and the minimum debt service coverage ratio is generally 1.15. For commercial construction loans, LTV ratios generally do not exceed 80% of the projected appraised value of the property securing the loans and the minimum debt service coverage ratio is generally 1.15, but it applies to the projected cash flows, and the borrower must have successful experience with the construction and operation of properties similar to the subject property. Appraisals on properties securing these loans are performed by independent state certified fee appraisers.

The Bank's commercial and industrial loans are generally made in the Bank's market areas and are underwritten on the basis of the borrower's ability to service the debt from income. With the exception of Paycheck Protection Program ("PPP") loans, which are unsecured but are generally guaranteed by the U.S. Small Business Administration, working capital loans are primarily collateralized by short-term assets whereas term loans are primarily collateralized by long-term assets. In general, commercial and industrial loans involve more credit risk than commercial real estate loans due to the type of collateral securing these loans. As a result of these additional complexities, variables and risks, these loans require more thorough underwriting and servicing than other types of loans.

Consumer loans - The Bank offers a variety of secured consumer loans, including home equity loans and lines of credit, home improvement loans, vehicle loans, and loans secured by deposits. The Bank also originates a very limited amount of unsecured consumer loans. 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; (2) consumer; and (3) commercial. These segments are further divided into classes for purposes of providing disaggregated credit quality information about the loan portfolio. The classes are: one- to four-family - originated, one- to four-family - correspondent purchased, one- to four-family - bulk purchased, consumer - home equity, consumer - other, commercial - commercial real estate, and commercial - commercial and industrial. One- to four-family construction loans are included in the originated class and commercial construction loans are included in the commercial real estate class. As part of the on-going monitoring of the credit quality of the Company's loan portfolio, management tracks certain credit quality indicators including trends related to loan classification and delinquency status.

Loan Classification - 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 nonaccrual 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, as of the dates indicated, the amortized cost of loans by class of financing receivable, year of origination or most recent credit decision, and loan classification. All revolving lines of credit are presented separately, regardless of origination year. Loans classified as doubtful or loss are individually evaluated for loss. At December 31, 2021 and September 30, 2021, there were no loans classified as doubtful, and all loans classified as loss were fully charged-off.

	December 31, 2021
	Current		Fiscal		Fiscal		Fiscal		Fiscal				Revolving
	Fiscal		Year		Year		Year		Year		Prior		Line of
	Year		2021		2020		2019		2018		Years		Credit		Total
	(Dollars in thousands)
One- to four-family:
Originated
Pass	$	153,605	$	953,530	$	679,862	$	309,547	$	238,567	$	1,616,383	$	—	$	3,951,494
Special Mention	—		280		441		489		674		7,502		—		9,386
Substandard	—		—		965		862		151		10,421		—		12,399
Correspondent purchased
Pass	64,897		682,510		309,379		81,155		125,506		743,060		—		2,006,507
Special Mention	—		—		—		353		517		2,706		—		3,576
Substandard	—		—		—		169		—		4,917		—		5,086
Bulk purchased
Pass	—		—		—		—		—		161,842		—		161,842
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		4,154		—		4,154
	218,502		1,636,320		990,647		392,575		365,415		2,550,985		—		6,154,444
Commercial:
Commercial real estate
Pass	38,103		276,050		149,120		94,674		58,672		117,858		6,057		740,534
Special Mention	—		47,093		—		—		—		—		—		47,093
Substandard	—		944		594		225		662		32		—		2,457
Commercial and industrial
Pass	18,238		27,849		9,012		6,422		1,683		1,499		10,651		75,354
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		86		38		786		910
	56,341		351,936		158,726		101,321		61,103		119,427		17,494		866,348
Consumer:
Home equity
Pass	347		3,143		1,857		1,241		1,287		2,561		73,106		83,542
Special Mention	—		—		—		56		—		—		265		321
Substandard	—		—		59		—		—		85		521		665
Other
Pass	820		2,964		1,374		895		854		521		381		7,809
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		7		1		3		—		11
	1,167		6,107		3,290		2,199		2,142		3,170		74,273		92,348
Total	$	276,010	$	1,994,363	$	1,152,663	$	496,095	$	428,660	$	2,673,582	$	91,767	$	7,113,140

	September 30, 2021
	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal				Revolving
	Year		Year		Year		Year		Year		Prior		Line of
	2021		2020		2019		2018		2017		Years		Credit		Total
	(Dollars in thousands)
One- to four-family:
Originated
Pass	$	958,080	$	705,561	$	326,156	$	250,846	$	281,104	$	1,434,455	$	—	$	3,956,202
Special Mention	402		443		501		678		237		7,805		—		10,066
Substandard	—		966		867		51		192		11,192		—		13,268
Correspondent purchased
Pass	630,977		334,042		88,057		136,572		162,938		664,530		—		2,017,116
Special Mention	760		—		356		—		—		3,160		—		4,276
Substandard	—		—		169		504		—		4,527		—		5,200
Bulk purchased
Pass	—		—		—		—		—		169,519		—		169,519
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		4,848		—		4,848
	1,590,219		1,041,012		416,106		388,651		444,471		2,300,036		—		6,180,495
Commercial:
Commercial real estate
Pass	272,329		149,244		94,972		61,214		38,962		35,591		5,231		657,543
Special Mention	50,352		—		—		—		—		49,369		—		99,721
Substandard	810		627		225		669		—		34		—		2,365
Commercial and industrial
Pass	32,651		10,168		6,988		2,213		1,155		595		11,709		65,479
Special Mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		86		48		—		765		899
	356,142		160,039		102,185		64,182		40,165		85,589		17,705		826,007
Consumer:
Home equity
Pass	3,295		2,218		1,428		1,563		536		2,473		74,036		85,549
Special Mention	—		—		37		12		—		—		82		131
Substandard	—		60		—		—		—		9		636		705
Other
Pass	3,491		1,631		1,086		944		465		105		339		8,061
Special Mention	—		—		4		—		—		—		—		4
Substandard	—		3		6		1		3		—		—		13
	6,786		3,912		2,561		2,520		1,004		2,587		75,093		94,463
Total	$	1,953,147	$	1,204,963	$	520,852	$	455,353	$	485,640	$	2,388,212	$	92,798	$	7,100,965

Delinquency Status - The following tables set forth, as of the dates indicated, the amortized cost of current loans, loans 30 to 89 days delinquent, and loans 90 or more days delinquent or in foreclosure ("90+/FC"), by class of financing receivable and year of origination or most recent credit decision as of the dates indicated. All revolving lines of credit are presented separately, regardless of origination year.

	December 31, 2021
	Current		Fiscal		Fiscal		Fiscal		Fiscal				Revolving
	Fiscal		Year		Year		Year		Year		Prior		Line of
	Year		2021		2020		2019		2018		Years		Credit		Total
	(Dollars in thousands)
One- to four-family:
Originated
Current	$	153,605	$	953,810	$	680,212	$	309,531	$	238,982	$	1,626,212	$	—	$	3,962,352
30-89	—		—		372		1,251		410		4,960		—		6,993
90+/FC	—		—		684		116		—		3,134		—		3,934
Correspondent purchased
Current	64,897		681,753		309,379		81,508		124,031		745,230		—		2,006,798
30-89	—		757		—		—		1,992		2,464		—		5,213
90+/FC	—		—		—		169		—		2,989		—		3,158
Bulk purchased
Current	—		—		—		—		—		163,873		—		163,873
30-89	—		—		—		—		—		155		—		155
90+/FC	—		—		—		—		—		1,968		—		1,968
	218,502		1,636,320		990,647		392,575		365,415		2,550,985		—		6,154,444
Commercial:
Commercial real estate
Current	38,103		323,897		149,120		94,674		59,102		117,858		6,057		788,811
30-89	—		190		—		—		—		32		—		222
90+/FC	—		—		594		225		232		—		—		1,051
Commercial and industrial
Current	18,238		27,849		9,012		6,422		1,683		1,499		11,437		76,140
30-89	—		—		—		—		—		—		—		—
90+/FC	—		—		—		—		86		38		—		124
	56,341		351,936		158,726		101,321		61,103		119,427		17,494		866,348
Consumer:
Home equity
Current	347		3,143		1,857		1,297		1,287		2,559		73,423		83,913
30-89	—		—		—		—		—		7		142		149
90+/FC	—		—		59		—		—		80		327		466
Other
Current	820		2,961		1,365		895		854		518		381		7,794
30-89	—		3		9		—		—		3		—		15
90+/FC	—		—		—		7		1		3		—		11
	1,167		6,107		3,290		2,199		2,142		3,170		74,273		92,348
Total	$	276,010	$	1,994,363	$	1,152,663	$	496,095	$	428,660	$	2,673,582	$	91,767	$	7,113,140

	September 30, 2021
	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal				Revolving
	Year		Year		Year		Year		Year		Prior		Line of
	2021		2020		2019		2018		2017		Years		Credit		Total
	(Dollars in thousands)
One- to four-family:
Originated
Current	$	958,482	$	706,970	$	327,408	$	251,524	$	281,341	$	1,445,992	$	—	$	3,971,717
30-89	—		—		—		51		—		4,091		—		4,142
90+/FC	—		—		116		—		192		3,369		—		3,677
Correspondent purchased
Current	630,977		334,042		88,413		136,572		162,017		668,685		—		2,020,706
30-89	760		—		—		—		921		948		—		2,629
90+/FC	—		—		169		504		—		2,584		—		3,257
Bulk purchased
Current	—		—		—		—		—		170,809		—		170,809
30-89	—		—		—		—		—		555		—		555
90+/FC	—		—		—		—		—		3,003		—		3,003
	1,590,219		1,041,012		416,106		388,651		444,471		2,300,036		—		6,180,495
Commercial:
Commercial real estate
Current	323,491		149,244		94,972		61,651		38,962		84,957		5,231		758,508
30-89	—		—		—		—		—		37		—		37
90+/FC	—		627		225		232		—		—		—		1,084
Commercial and industrial
Current	32,651		10,168		6,988		2,212		1,155		595		12,474		66,243
30-89	—		—		—		—		—		—		—		—
90+/FC	—		—		—		87		48		—		—		135
	356,142		160,039		102,185		64,182		40,165		85,589		17,705		826,007
Consumer:
Home equity
Current	3,295		2,218		1,465		1,575		536		2,357		73,958		85,404
30-89	—		—		—		—		—		121		375		496
90+/FC	—		60		—		—		—		4		421		485
Other
Current	3,491		1,631		1,088		944		465		105		339		8,063
30-89	—		—		2		—		—		—		—		2
90+/FC	—		3		6		1		3		—		—		13
	6,786		3,912		2,561		2,520		1,004		2,587		75,093		94,463
Total	$	1,953,147	$	1,204,963	$	520,852	$	455,353	$	485,640	$	2,388,212	$	92,798	$	7,100,965

Delinquent and Nonaccrual Loans - The following tables present the amortized cost, at the dates indicated, by class, of loans 30 to 89 days delinquent, loans 90 or more days delinquent or in foreclosure, total delinquent loans, current loans, and total loans. At December 31, 2021 and September 30, 2021, all loans 90 or more days delinquent were on nonaccrual status.

	December 31, 2021
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Amortized
	Delinquent		in Foreclosure		Loans		Loans		Cost
	(Dollars in thousands)
One- to four-family:
Originated	$	6,993	$	3,934	$	10,927	$	3,962,352	$	3,973,279
Correspondent purchased	5,213		3,158		8,371		2,006,798		2,015,169
Bulk purchased	155		1,968		2,123		163,873		165,996
Commercial:
Commercial real estate	222		1,051		1,273		788,811		790,084
Commercial and industrial	—		124		124		76,140		76,264
Consumer:
Home equity	149		466		615		83,913		84,528
Other	15		11		26		7,794		7,820
	$	12,747	$	10,712	$	23,459	$	7,089,681	$	7,113,140

	September 30, 2021
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Amortized
	Delinquent		in Foreclosure		Loans		Loans		Cost
	(Dollars in thousands)
One- to four-family:
Originated	$	4,142	$	3,677	$	7,819	$	3,971,717	$	3,979,536
Correspondent purchased	2,629		3,257		5,886		2,020,706		2,026,592
Bulk purchased	555		3,003		3,558		170,809		174,367
Commercial:
Commercial real estate	37		1,084		1,121		758,508		759,629
Commercial and industrial	—		135		135		66,243		66,378
Consumer:
Home equity	496		485		981		85,404		86,385
Other	2		13		15		8,063		8,078
	$	7,861	$	11,654	$	19,515	$	7,081,450	$	7,100,965

The amortized cost of mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process as of December 31, 2021 and September 30, 2021 was $845 thousand and $799 thousand, respectively, which is included in loans 90 or more days delinquent or in foreclosure in the tables above. The carrying value of residential OREO held as a result of obtaining physical possession upon completion of a foreclosure or through completion of a deed in lieu of foreclosure was $319 thousand at December 31, 2021 and $170 thousand at September 30, 2021.

The following table presents the amortized cost at December 31, 2021 and September 30, 2021, by class, of loans classified as nonaccrual. Additionally, the amortized cost of nonaccrual loans that had no related ACL is presented, all of which were individually evaluated for loss and any identified losses have been charged off.

	December 31, 2021				September 30, 2021
	Nonaccrual Loans		Nonaccrual Loans with No ACL		Nonaccrual Loans		Nonaccrual Loans with No ACL
	(Dollars in thousands)
One- to four-family:
Originated	$	4,385	$	1,835	$	4,965	$	2,237
Correspondent purchased	3,158		307		3,257		307
Bulk purchased	1,968		1,062		3,134		1,564
Commercial:
Commercial real estate	1,108		457		1,496		485
Commercial and industrial	124		124		134		86
Consumer:
Home equity	466		83		494		84
Other	11		—		13		—
	$	11,220	$	3,868	$	13,493	$	4,763

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

	For the Three Months Ended
	December 31, 2021					December 31, 2020
	Number	Pre-		Post-		Number	Pre-		Post-
	of	Restructured		Restructured		of	Restructured		Restructured
	Contracts	Outstanding		Outstanding		Contracts	Outstanding		Outstanding
	(Dollars in thousands)
One- to four-family:
Originated	1	$	24	$	24	4	$	647	$	645
Correspondent purchased	—	—		—		—	—		—
Bulk purchased	—	—		—		—	—		—
Commercial:
Commercial real estate	—	—		—		—	—		—
Commercial and industrial	—	—		—		—	—		—
Consumer:
Home equity	—	—		—		—	—		—
Other	—	—		—		—	—		—
	1	$	24	$	24	4	$	647	$	645

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

	For the Three Months Ended
	December 31, 2021			December 31, 2020
	Number of	Amortized		Number of	Recorded
	Contracts	Cost		Contracts	Investment
	(Dollars in thousands)
One- to four-family:
Originated	1	$	684	—	$	—
Correspondent purchased	—	—		—	—
Bulk purchased	—	—		—	—
Commercial:
Commercial real estate	—	—		—	—
Commercial and industrial	—	—		—	—
Consumer:
Home equity	—	—		—	—
Other	—	—		—	—
	1	$	684	—	$	—

Allowance for Credit Losses - The following is a summary of ACL activity, by loan portfolio segment, for the periods presented.

	For the Three Months Ended December 31, 2021
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	1,612	$	2,062	$	304	$	3,978	$	15,652	$	193	$	19,823
Charge-offs	(4)		—		—		(4)		(10)		(1)		(15)
Recoveries	9		—		—		9		36		1		46
Provision for credit losses	22		20		(36)		6		(2,325)		—		(2,319)
Ending balance	$	1,639	$	2,082	$	268	$	3,989	$	13,353	$	193	$	17,535

	For the Three Months Ended December 31, 2020
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	6,085	$	2,691	$	467	$	9,243	$	21,800	$	484	$	31,527
Adoption of CECL	(4,452)		(367)		436		(4,383)		(193)		(185)		(4,761)
Balance at October 1, 2020	1,633		2,324		903		4,860		21,607		299		26,766
Charge-offs	(14)		—		—		(14)		(515)		(3)		(532)
Recoveries	34		—		—		34		12		22		68
Provision for credit losses	(115)		(566)		(51)		(732)		603		(48)		(177)
Ending balance	$	1,538	$	1,758	$	852	$	4,148	$	21,707	$	270	$	26,125

The key assumptions in the Company's ACL model include the economic forecast, the forecast and reversion to mean time periods, and prepayment and curtailment assumptions. Management also considered certain qualitative factors when evaluating the adequacy of the ACL at December 31, 2021. The key assumptions utilized in estimating the Company's ACL at December 31, 2021 are discussed below.

•Economic Forecast - Management considered several economic forecasts provided by a third party and selected the economic forecast believed to be the most appropriate considering the facts and circumstances at December 31, 2021. The forecasted economic indices applied to the model at December 31, 2021 were the national unemployment rate, changes in commercial real estate price index, changes in home values, and changes in the U.S. gross domestic product. The economic index most impactful to all loan pools within the model at December 31, 2021 was the national unemployment rate. The forecast national unemployment rate in the economic scenario selected by management at December 31, 2021 had the national unemployment rate gradually declining to 3.5% by December 31, 2022 which was the end of our four quarter forecast time period.

•Forecast and reversion to mean time period - The forecasted time period and the reversion to mean time period were each four quarters for all of the economic indices at December 31, 2021.

•Prepayment and curtailment assumptions - The assumptions used at December 31, 2021 were generally based on actual historical prepayment and curtailment speeds for each respective loan pool in the model over the trailing 12 months.

•Qualitative factors - The qualitative factors applied by management at December 31, 2021 included the following:

◦The economic uncertainties related to (1) the job market, the labor force composition, the unemployment rate, and labor participation rate and how the significant federal assistance and other factors may be impacting those measures and (2) the unevenness of the recovery in certain industries in which the Bank has lending relationships;

◦The balance and trending of large-dollar special mention commercial loans; and

◦Coronavirus Disease 2019 ("COVID-19") loan modifications related to commercial real estate loans.

The decrease in ACL during the current quarter was primarily a result of a negative provision for credit losses of $2.3 million. The negative provision for credit losses associated with the ACL was due primarily to a reduction in the large-dollar special mention commercial loan qualitative factor due to two large-dollar special mention commercial loans moving to the pass classification during the current quarter. Additionally, the economic uncertainty qualitative factor for commercial loans also decreased during the current quarter as economic conditions continued to improve for the industries related to this qualitative factor.

Reserve for Off-Balance Sheet Credit Exposures - The following is a summary of the changes in reserve for off-balance sheet credit exposures during the periods indicated. The negative provision for credit losses in the current quarter was due primarily to improvements in economic conditions in certain industries in which the Bank has lending relationships.

For the Three Months Ended			For the Three Months Ended
December 31, 2021			December 31, 2020
(Dollars in thousands)
Beginning balance	$	5,743	Beginning balance	$	—
Provision for credit losses	(1,120)		Adoption of CECL	7,788
Ending balance	$	4,623	Balance at October 1, 2020	7,788
			Provision for credit losses	(1,355)
			Ending balance	$	6,433