Loans Receivable (excluding Covered Loans) (Tables)

3 Months Ended

Dec. 31, 2012

Schedule of Loans Receivable (excluding Covered Loans)



	December 31, 2012				September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,573,590	69.4	%	$	5,778,922	73.5	%
Construction - speculative	123,871		1.5		129,637		1.6
Construction - custom	228,140		2.9		211,690		2.7
Land - acquisition & development	109,458		1.4		124,677		1.6
Land - consumer lot loans	137,106		1.7		141,844		1.8
Multi-family	721,802		9.0		710,140		9.0
Commercial real estate	347,564		4.3		319,210		4.1
Commercial & industrial	171,644		2.1		162,823		2.1
HELOC	111,986		1.4		112,902		1.4
Consumer	59,131		0.7		63,374		0.8
Total non-acquired loans	7,584,292		94.4		7,755,219		98.6
Acquired loans
Single-family residential	15,495		0.2		—		—
Construction - speculative	90		—		—		—
Construction - custom	994		—		—		—
Land - acquisition & development	3,520		—		—		—
Land - consumer lot loans	3,891		0.1		—		—
Multi-family	9,333		0.2		—		—
Commercial real estate	178,727		2.2		—		—
Commercial & industrial	106,931		1.3		—		—
HELOC	13,810		0.2		—		—
Consumer	10,759		0.1		—		—
Total credit-impaired acquired loans	343,550		4.3		—		—
Credit-impaired acquired loans
Single-family residential	340		—		342		—
Construction - speculative	1,755		—		1,889		—
Land - acquisition & development	2,677		—		3,702		0.1
Multi-family	—		—		601		—
Commercial real estate	83,657		1.1		87,154		1.1
Commercial & industrial	1,883		—		3,292		—
HELOC	12,849		0.2		14,040		0.2
Consumer	90		—		97		—
Total credit-impaired acquired loans	103,251		1.3		111,117		1.4
Total loans
Single-family residential	5,589,425		69.6		5,779,264		73.5
Construction - speculative	125,716		1.5		131,526		1.6
Construction - custom	229,134		2.9		211,690		2.7
Land - acquisition & development	115,655		1.4		128,379		1.7
Land - consumer lot loans	140,997		1.8		141,844		1.8
Multi-family	731,135		9.2		710,741		9
Commercial real estate	609,948		7.6		406,364		5.2
Commercial & industrial	280,458		3.4		166,115		2.1



HELOC	138,645		1.8		126,942		1.6
Consumer	69,980		0.8		63,471		0.8
Total loans	8,031,093		100	%	7,866,336		100	%
Less:
Allowance for probable losses	126,827				133,147
Loans in process	204,566				213,286
Discount on acquired loans	50,817				33,484
Deferred net origination fees	33,973				34,421
	416,183				414,338
	$	7,614,910			$	7,451,998

Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans

The following table presents the changes in the accretable yield for credit impaired acquired loans as of December 31, 2012:



	Credit impaired acquired loans
	Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of October 1, 2012	$	16,928		$	77,613
Additions	—			—
Accretion	(1,360		)	1,360
Transfers to REO	—			(957		)
Payments received, net	—			(8,677		)
Balance as of December 31, 2012	$	15,568		$	69,339

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:



	December 31, 2012				September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	108,570	66.6	%	$	131,193	75.7	%
Construction - speculative	9,471		5.8		10,634		6.1
Construction - custom	39		—		539		0.3
Land - acquisition & development	14,318		8.8		13,477		7.8
Land - consumer lot loans	4,024		2.5		5,149		3.0
Multi-family	7,907		4.8		4,185		2.4
Commercial real estate	16,958		10.4		7,653		4.4
Commercial & industrial	987		0.6		16		—
HELOC	489		0.3		198		0.1
Consumer	353		0.2		383		0.2
Total non-accrual loans	$	163,116	100	%	$	173,427	100	%

Analysis of Age of Loans in Past Due Status

The following tables provide an analysis of the age of loans in past due status as of December 31, 2012 and September 30, 2012, respectively.



December 31, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total		% based on $
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,570,390	$	5,414,979	$	36,484	$	25,122	$	93,805	$	155,411	2.79	%
Construction - Speculative	86,902		78,536		1,373		1,911		5,082		8,366		9.63
Construction - Custom	120,382		120,164		32		147		39		218		0.18
Land - Acquisition & Development	106,679		94,278		557		231		11,613		12,401		11.62
Land - Consumer Lot Loans	136,928		132,135		776		45		3,972		4,793		3.50
Multi-Family	689,164		681,849		3,102		130		4,083		7,315		1.06
Commercial Real Estate	326,551		311,428		7,471		767		6,885		15,123		4.63
Commercial & Industrial	171,634		170,760		223		636		15		874		0.51
HELOC	111,986		111,473		112		—		401		513		0.46
Consumer	59,131		57,104		1,282		393		352		2,027		3.43
Total non-acquired loans	7,379,747		7,172,706		51,412		29,382		126,247		207,041		2.81

Acquired loans
Single-Family Residential	15,495		15,306		$	108	26		55		189		1.22	%
Construction - Speculative	90		90		—		—		—		—		—	%
Construction - Custom	994		994		—		—		—		—		—	%
Land - Acquisition & Development	3,520		3,520		—		—		—		—		—	%
Land - Consumer Lot Loans	3,891		3,839		—		—		52		52		—	%
Multi-Family	9,333		5,659		—		—		3,674		3,674		—	%
Commercial Real Estate	178,727		175,712		—		1,661		1,354		3,015		1.69	%
Commercial & Industrial	106,931		101,134		5,130		—		667		5,797		5.42	%
HELOC	13,810		13,706		16		—		88		104		0.75	%
Consumer	10,759		10,640		84		35		—		119		1.11	%
Total credit-impaired acquired loans	343,550		330,600		5,338		1,722		5,890		12,950		3.77	%

Credit-impaired acquired loans
Single-Family Residential	340		340		—		—		—		—		—
Construction - Speculative	1,755		1,755		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	2,676		2,612		—		—		64		64		2.39
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	—		—		—		—		—		—		—
Commercial Real Estate	83,637		77,474		—		722		5,441		6,163		7.37
Commercial & Industrial	1,883		1,527		51		—		305		356		18.91



HELOC	12,849		12,849		—		—		—		—		—
Consumer	90		89		—		—		1		1		1.11
Total credit-impaired acquired loans	103,230		96,646		51		722		5,811		6,584		6.38

Total loans	$	7,826,527	$	7,599,952	$	56,801	$	31,826	$	137,948	$	226,575	2.89



September 30, 2012	Amount of Loans		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of LIP & Chg.-Offs		Current		30		60		90		Total		% based on $
	(In thousands)
Single-Family Residential	$	5,776,002	$	5,618,261	$	34,035	$	16,276	$	107,430	$	157,741	2.73	%
Construction - Speculative	88,849		85,785		142		190		2,732		3,064		3.45
Construction - Custom	107,882		107,215		128		—		539		667		0.62
Land - Acquisition & Development	119,192		106,321		853		1,004		11,014		12,871		10.80
Land - Consumer Lot Loans	141,772		134,560		1,688		375		5,149		7,212		5.09
Multi-Family	676,917		672,263		718		67		3,869		4,654		0.69
Commercial Real Estate	292,261		284,427		699		3,153		3,982		7,834		2.68
Commercial & Industrial	162,802		162,778		8		—		16		24		0.01
HELOC	112,902		112,482		158		64		198		420		0.37
Consumer	63,374		61,405		1,155		431		383		1,969		3.11
Total non-acquired loans	$	7,541,953	$	7,345,497	$	39,584	$	21,560	$	135,312	$	196,456	2.60	%

Credit-impaired acquired loans
Single-Family Residential	342		342		—		—		—		—		—	%
Construction - Speculative	1,889		1,889		—		—		—		—		—
Construction - Custom	—		—		—		—		—		—		—
Land - Acquisition & Development	3,702		3,219		365		—		118		483		13.05
Land - Consumer Lot Loans	—		—		—		—		—		—		—
Multi-Family	601		—		601		—		—		601		—
Commercial Real Estate	87,134		78,959		412		2,549		5,214		8,175		9.38
Commercial & Industrial	3,292		3,054		238		—		—		238		7.23
HELOC	14,040		13,950		—		90		—		90		0.64
Consumer	97		95		2		—		—		2		2.06
Total credit-impaired acquired loans	111,097		101,508		1,618		2,639		5,332		9,589		8.63	%

Total loans	$	7,653,050	$	7,447,005	$	41,202	$	24,199	$	140,644	$	206,045	2.69	%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured during the periods indicated:



	Quarter Ended December 31,
	2012					2011
		Pre-Modification		Post-Modification			Pre-Modification		Post-Modification
		Outstanding		Outstanding			Outstanding		Outstanding
	Number of	Recorded		Recorded		Number of	Recorded		Recorded
	Contracts	Investment		Investment		Contracts	Investment		Investment
		(In thousands)					(In thousands)
Troubled Debt Restructurings:
Single-Family Residential	105	$	29,339	$	29,339	700	$	183,492	$	183,492
Construction - Speculative	1	2,503		2,503		24	6,409		6,409
Construction - Custom	—	—		—		1	1,196		1,196
Land - Acquisition & Development	—	—		—		25	8,524		8,524
Land - Consumer Lot Loans	11	1,836		1,836		65	9,017		9,017
Multi-Family	1	68		68		5	3,161		3,161
Commercial Real Estate	—	—		—		1	308		308
Commercial & Industrial	—	—		—		1	5		5
HELOC	—	—		—		3	185		185
Consumer	—	—		—		—	—		—
	118	$	33,746	$	33,746	825	$	212,297	$	212,297

Schedule of Loan Modifications

The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:



	Quarter Ended December 31,
	2012			2011
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
		(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	31	$	7,498	36	$	8,413
Construction - Speculative	5	904		—	—
Construction - Custom	—	—		—	—
Land - Acquisition & Development	—	—		—	—
Land - Consumer Lot Loans	—	—		3	653
Multi-Family	—	—		—	—
Commercial Real Estate	—	—		—	—
Commercial & Industrial	—	—		—	—
HELOC	—	—		—	—
Consumer	—	—		—	—
	36	$	8,402	39	$	9,066