Fair Value Of Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2021

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 December 31, 2021 or September 30, 2021.


	December 31, 2021
			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	$	1,376,239	$	—	$	1,376,239	$	—
GSE debentures	511,064		—		511,064		—
Municipal bonds	3,350		—		3,350		—

	$	1,890,653	$	—	$	1,890,653	$	—



Liabilities:
Interest rate swaps	$	22,481	$	—	$	22,481	$	—


	September 30, 2021
			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	$	1,493,993	$	—	$	1,493,993	$	—
GSE debentures	516,326		—		516,326		—
Municipal bonds	4,289		—		4,289		—

	$	2,014,608	$	—	$	2,014,608	$	—



Liabilities:
Interest rate swaps	$	27,719	$	—	$	27,719	$	—

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:


	December 31, 2021
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	135,475	$	135,475	$	135,475	$	—	$	—
AFS securities	1,890,653		1,890,653		—		1,890,653		—

Loans receivable	7,095,605		7,492,182		—		—		7,492,182

FHLB stock	75,261		75,261		75,261		—		—


Liabilities:
Deposits	6,648,004		6,662,597		4,044,775		2,617,822		—
Borrowings	1,583,303		1,597,020		—		1,597,020		—

Interest rate swaps	22,481		22,481		—		22,481		—

	September 30, 2021
	Carrying		Estimated Fair Value
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	42,262	$	42,262	$	42,262	$	—	$	—
AFS securities	2,014,608		2,014,608		—		2,014,608		—

Loans receivable	7,081,142		7,534,278		—		—		7,534,278

FHLB stock	73,421		73,421		73,421		—		—


Liabilities:
Deposits	6,597,396		6,649,954		3,838,656		2,811,298		—
Borrowings	1,582,850		1,611,414		—		1,611,414		—
Interest rate swaps	27,719		27,719		—		27,719		—