10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-34654

WASHINGTON FEDERAL, INC.

(Exact name of registrant as specified in its charter)

Washington	91-1661606
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
425 Pike Street Seattle, Washington 98101
(Address of principal executive offices and zip code)
(206) 624-7930
(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files)    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title of class:	at August 6, 2015
Common stock, $1.00 par value	93,982,148

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I
Item 1.	Financial Statements (Unaudited)
	The Consolidated Financial Statements of Washington Federal, Inc. and Subsidiaries filed as a part of the report are as follows:
	Consolidated Statements of Financial Condition as of June 30, 2015 and September 30, 2014	3
	Consolidated Statements of Operations for the quarter and nine months ended June 30, 2015 and June 30, 2014	4
	Consolidated Statements of Comprehensive Income for the quarter and nine months ended June 30, 2015 and June 30, 2014	5
	Consolidated Statements of Stockholders' Equity for the nine months ended June 30, 2015 and June 30, 2014	6
	Consolidated Statements of Cash Flows for the nine months ended June 30, 2015 and June 30, 2014	7
	Notes to Consolidated Financial Statements	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	42
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	53
Item 4.	Controls and Procedures	53
PART II
Item 1.	Legal Proceedings	54
Item 1A.	Risk Factors	54
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	54
Item 3.	Defaults Upon Senior Securities	54
Item 4.	Mine Safety Disclosures	54
Item 5.	Other Information	54
Item 6.	Exhibits	54
	Signatures	56

2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

	June 30, 2015			September 30, 2014
	(In thousands, except share data)
ASSETS
Cash and cash equivalents	$	349,550		$	781,843
Available-for-sale securities, at fair value	2,624,374			3,049,442
Held-to-maturity securities, at amortized cost	1,586,514			1,548,265
Loans receivable, net	8,645,609			8,148,322
Covered loans, net	77,311			176,476
Interest receivable	39,550			52,037
Premises and equipment, net	267,835			257,543
Real estate held for sale	55,491			55,072
Real estate held for investment	4,336			4,808
Covered real estate held for sale	4,434			24,082
FDIC indemnification asset	18,783			36,860
FHLB and FRB stock	103,189			158,839
Bank owned life insurance	101,720			—
Intangible assets, net	300,109			302,909
Federal and state income tax assets, net	11,286			16,515
Other assets	180,405			143,028
	$	14,370,496		$	14,756,041
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Customer accounts
Transaction deposit accounts	$	5,696,536		$	5,490,687
Time deposit accounts	4,881,849			5,226,241
	10,578,385			10,716,928
FHLB advances	1,730,000			1,930,000
Advance payments by borrowers for taxes and insurance	30,656			29,004
Accrued expenses and other liabilities	72,334			106,826
	12,411,375			12,782,758
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,688,179 and 133,322,909 shares issued; 93,982,148 and 98,404,705 shares outstanding	133,688			133,323
Paid-in capital	1,643,243			1,638,211
Accumulated other comprehensive income, net of taxes	10,977			20,708
Treasury stock, at cost; 39,706,031 and 34,918,204 shares	(628,157		)	(525,108		)
Retained earnings	799,370			706,149
	1,959,121			1,973,283
	$	14,370,496		$	14,756,041

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Quarter Ended June 30,						Nine Months Ended June 30,
	2015			2014			2015			2014
	(In thousands, except per share data)
INTEREST INCOME
Loans and covered assets	$	107,250		$	108,089		$	324,817		$	321,650
Mortgage-backed securities	16,995			20,507			54,313			60,947
Investment securities and cash equivalents	5,055			6,415			16,084			16,023
	129,300			135,011			395,214			398,620
INTEREST EXPENSE
Customer accounts	12,485			14,238			38,504			44,517
FHLB advances and other borrowings	16,250			17,494			50,082			51,877
	28,735			31,732			88,586			96,394
Net interest income	100,565			103,279			306,628			302,226
Reversal of provision for loan losses	(1,932		)	(3,000		)	(11,381		)	(11,936		)
Net interest income after reversal of provision for loan losses	102,497			106,279			318,009			314,162
OTHER INCOME
Gain on sale of investments	9,639			—			9,639			—
Prepayment penalty on long-term debt	(7,941		)	—			(10,554		)	—
Loan fee income	1,915			2,297			6,028			5,668
Deposit fee income	5,156			4,036			16,538			9,120
Other income	3,042			1,739			6,380			5,774
	11,811			8,072			28,031			20,562
OTHER EXPENSE
Compensation and benefits	29,824			28,946			89,453			81,908
Occupancy	8,492			7,468			24,866			21,864
FDIC insurance premiums	2,377			2,978			5,431			8,679
Information technology	3,783			3,505			11,695			10,365
Product delivery	6,175			4,577			17,222			9,961
Other expense	6,068			5,819			18,975			16,694
	56,719			53,293			167,642			149,471
Gain (loss) on real estate acquired through foreclosure, net	3,188			(2,056		)	4,976			(3,454		)
Income before income taxes	60,777			59,002			183,374			181,799
Income tax provision	21,727			21,092			65,556			64,996
NET INCOME	$	39,050		$	37,910		$	117,818		$	116,803
PER SHARE DATA
Basic earnings	$	0.41		$	0.38		$	1.22		$	1.15
Diluted earnings	0.41			0.37			1.22			1.14
Dividends paid on common stock per share	0.13			0.10			0.41			0.30
Basic weighted average number of shares outstanding	94,466,524			100,979,219			96,335,777			101,777,112
Diluted weighted average number of shares outstanding, including dilutive stock options	94,904,262			101,393,936			96,726,085			102,234,350

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

4

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

	Quarter Ended June 30,						Nine Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Net income	$	39,050		$	37,910		$	117,818		$	116,803
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sale securities	(35,001		)	22,026			(21,378		)	28,527
Reclassification adjustment of net gain (loss) from sale
of available-for-sale securities included in net income	9,639			—			9,639			—
Related tax benefit (expense)	9,320			(8,095		)	4,314			—
	(16,042		)	13,931			(7,425		)	28,527
Net unrealized gain (loss) on long-term borrowing hedge	5,587			—			(3,646		)	—
Related tax benefit (expense)	(2,053		)	—			1,340			(10,484		)
	3,534			—			(2,306		)	(10,484		)
Other comprehensive income (loss) net of tax	(12,508		)	13,931			(9,731		)	18,043
Comprehensive income	$	26,542		$	51,841		$	108,087		$	134,846

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

5

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(UNAUDITED)

	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
					(In thousands)
Balance at October 1, 2014	$	133,323	$	1,638,211	$	706,149		$	20,708		$	(525,108	)	$	1,973,283
Net income					117,818									117,818
Other comprehensive income (loss)								(9,731		)				(9,731		)
Dividends on common stock					(24,597		)							(24,597		)
Compensation expense related to common stock options			900											900
Proceeds from exercise of common stock options	106		1,570											1,676
Restricted stock expense	259		2,562											2,821
Treasury stock acquired											(103,049		)	(103,049		)
Balance at June 30, 2015	$	133,688	$	1,643,243	$	799,370		$	10,977		$	(628,157	)	$	1,959,121
	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
					(In thousands)
Balance at October 1, 2013	$	132,573	$	1,625,051	$	594,450		$	6,378		$	(420,817	)	$	1,937,635
Net income					116,803									116,803
Other comprehensive income (loss)								18,043						18,043
Dividends on common stock					(31,393		)							(31,393		)
Compensation expense related to common stock options			900											900
Proceeds from exercise of common stock options	759		9,599											10,358
Restricted stock expense	—		2,520											2,520
Treasury stock acquired											(64,231		)	(64,231		)
Balance at June 30, 2014	$	133,332	$	1,638,070	$	679,860		$	24,421		$	(485,048	)	$	1,990,635

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended June 30,
	2015			2014
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	117,818		$	116,803
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,075			8,467
Cash received from (paid to) FDIC under loss share	(714		)	949
Stock option compensation expense	900			900
Reversal of provision for loan losses	(11,381		)	(11,936		)
(Gain) loss on investment securities and real estate held for sale	(25,817		)	598
Prepayment penalty from repayment of borrowings	10,554			—
Decrease (increase) in accrued interest receivable	12,487			(2,174		)
Decrease (increase) in FDIC loss share receivable	1,795			(2,029		)
Decrease in federal and state income tax	10,883			8,258
Increase in cash surrender value in bank owned life insurance	(1,720		)	—
Increase in other assets	(37,376		)	(14,514		)
Decrease in accrued expenses and other liabilities	(23,738		)	(10,487		)
Net cash provided by operating activities	72,766			94,835
CASH FLOWS FROM INVESTING ACTIVITIES
Net loan originations	(204,527		)	(329,076		)
Loans purchased	(183,406		)	—
FHLB & FRB stock redemption	55,649			9,952
Available-for-sale securities purchased	(329,490		)	(1,080,476		)
Principal payments and maturities of available-for-sale securities	502,561			363,103
Proceeds on available-for-sale securities sold	244,749			—
Held-to-maturity securities purchased	(249,382		)	—
Principal payments and maturities of held-to-maturity securities	207,954			68,981
Net cash received from acquisitions	—			1,776,660
Proceeds from sales of real estate owned and held for investment	45,603			49,550
Proceeds from sales of covered REO	17,474			17,216
Purchase of bank owned life insurance	(100,000		)	—
Premises and equipment purchased and REO improvements	(24,582		)	(35,647		)
Net cash provided by (used in) investing activities	(17,397		)	840,263
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(138,390		)	(178,161		)
Repayments of borrowings	(210,554		)	—
Proceeds from exercise of common stock options and related tax benefit	1,676			10,358
Dividends paid on common stock	(38,997		)	(31,393		)
Treasury stock purchased	(103,049		)	(64,231		)
Increase (decrease) in advance payments by borrowers for taxes and insurance	1,652			(13,930		)
Net cash used in financing activities	(487,662		)	(277,357		)
Increase (decrease) in cash and cash equivalents	(432,293		)	657,741
Cash and cash equivalents at beginning of period	781,843			203,563
Cash and cash equivalents at end of period	$	349,550		$	861,304

(CONTINUED)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

7

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)

(UNAUDITED)

	Nine Months Ended June 30,
	2015		2014
	(In thousands)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash investing activities
Non-covered real estate acquired through foreclosure	$	23,940	$	32,818
Covered real estate acquired through foreclosure	1,892		6,163
Cash paid during the period for
Interest	88,511		97,485
Income taxes	48,096		54,072
The following summarizes the non-cash activities related to acquisitions
Fair value of assets and intangibles acquired, including goodwill	$	—	$	80,384
Fair value of liabilities assumed	—		(1,857,044		)
Net fair value of assets (liabilities)	$	—	$	(1,776,660	)

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

8

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED JUNE 30, 2015 AND 2014

(UNAUDITED)

NOTE A – Summary of Significant Accounting Policies

Nature of Operations - Washington Federal, Inc. is a Washington corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through a federally-insured national bank subsidiary. The Bank is principally engaged in the business of attracting deposits from the general public and investing these funds, together with borrowings and other funds, in one-to-four family residential real estate loans, multi-family real estate loans and commercial loans. As used throughout this document, the terms "Washington Federal" or the "Company" refer to Washington Federal, Inc. and its consolidated subsidiaries and the term "Bank" refers to the operating subsidiary Washington Federal, National Association.

Basis of Presentation - The consolidated unaudited interim financial statements included in this report have been prepared by Washington Federal. All intercompany transactions and accounts have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation are reflected in the interim financial statements. The September 30, 2014 Consolidated Statement of Financial Condition was derived from audited financial statements.

The information included in this Form 10-Q should be read in conjunction with the financial statements and related notes in the Company's 2014 Annual Report on Form 10-K (“2014 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

Summary of Significant Accounting Policies - The significant accounting policies used in preparation of the Company's consolidated financial statements are disclosed in its 2014 Form10-K. Other than the reclassifications discussed below, there have not been any material changes in our significant accounting policies compared to those contained in our 2014 Form 10-K disclosure for the year ended September 30, 2014.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at June 30, 2015 and September 30, 2014, of $686,134,000 and $583,838,000, respectively. The Company estimates losses on off-balance-sheet credit exposures by allocating a loss percentage derived from historical loss factors for each asset class.

Reclassifications - Reclassification of Other Expenses into Product Delivery and Information Technology line items have been made to the financial statements for the quarters prior to September 30, 2014 to conform to current year classifications.

NOTE B - Acquisitions

There were no acquisitions completed during the nine months endedJune 30, 2015. During the 2014 fiscal year, the Bank acquired seventy-four branches from Bank of America, National Association. Effective as of the close of business on October 31, 2013, the Bank completed the acquisition of eleven branches that are located in New Mexico. Effective as of the close of business on December 6, 2013, the Bank completed the acquisition of another forty branches that are located in Washington, Oregon, and Idaho. Effective as of the close of business on May 2, 2014, the Bank completed the acquisition of another twenty-three branches that are located in Arizona and Nevada. Management believes that these transactions represent a significant enhancement of our branch network. These transactions have brought new customers to the Bank and improved the deposit mix and reduced overall funding costs.

The combined acquisitions provided $1,853,798,000 in deposit accounts, $12,881,000 in loans, and $25,097,000 in branch properties. The Bank paid a 1.99% premium on the total deposits and received $1,776,660,000 in cash from the transactions. The acquisition method of accounting was used to account for the acquisitions. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values. The Bank recorded $11,040,000 in core deposit intangible and $31,225,000 in goodwill related to these transactions.

The operating results include the operating results produced by the first eleven branches for the period from November 1, 2013 to June 30, 2015, for the additional forty branches from December 7, 2013 to June 30, 2015, and for the most recent twenty-three branches from May 3, 2014 to June 30, 2015.

9

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed during fiscal year 2014:

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash	$	1,776,660
Loans receivable, net	12,881
Property and equipment, net	25,097
Core deposit intangible	11,040
Goodwill	31,225
Other assets	70
Total Assets	1,856,973
Liabilities:
Customer accounts	1,853,798
Other liabilities	3,175
Total Liabilities	1,856,973
Net assets acquired	$	—

NOTE C – Dividends

On May 29, 2015, the Company paid its 129th consecutive quarterly cash dividend on common stock. Dividends per share were $.13 and $.10 for the quarters ended June 30, 2015 and 2014, respectively. The Company also announced the authorization of an additional 5 million shares that may be repurchased under Washington Federal's share repurchase program in May 2015.

On July 27, 2015, the Company announced its 130th consecutive quarterly cash dividend on common stock of $0.13 per share. The current dividend will be paid on August 21, 2015, to common shareholders of record on August 7, 2015. For the nine months endedJune 30, 2015, the Company has repurchased 4.8 million shares or 4.9 percent of the shares that were outstanding at the beginning of the year at an average price of $21.52.

10

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

NOTE D – Loans Receivable (excluding Covered Loans)

	June 30, 2015				September 30, 2014
	(In thousands)
Non-acquired loans
Single-family residential	$	5,549,746	60.1	%	$	5,560,203	64.1	%
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	87,382		0.9		77,832		0.9
Land - consumer lot loans	102,495		1.1		108,623		1.3
Multi-family	1,089,682		11.8		917,286		10.6
Commercial real estate	808,539		8.7		591,336		6.9
Commercial & industrial	451,478		4.9		379,226		4.4
HELOC	122,870		1.3		116,042		1.4
Consumer	205,932		2.2		132,590		1.5
Total non-acquired loans	8,975,217		97.1		8,409,022		97.2
Non-impaired acquired loans
Single-family residential	12,895		0.1		11,716		0.1
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,028		—		905		—
Land - consumer lot loans	2,472		—		2,507		—
Multi-family	3,692		—		2,999		—
Commercial real estate	102,089		1.1		97,898		1.1
Commercial & industrial	57,614		0.6		51,386		0.6
HELOC	6,414		0.1		8,274		0.1
Consumer	2,916		—		5,670		0.1
Total non-impaired acquired loans	189,120		1.9		181,355		2.0
Credit-impaired acquired loans
Single-family residential	6,288		0.1		325		—
Construction - speculative	—		—		—		—
Land - acquisition & development	1,842		—		1,622		—
Land - consumer lot loans	496		—		—		—
Multi-family	—		—		—		—
Commercial real estate	71,196		0.8		63,723		0.7
Commercial & industrial	3,881		—		3,476		—
HELOC	8,553		0.1		10,139		0.1
Consumer	108		—		55		—
Total credit-impaired acquired loans	92,364		1.0		79,340		0.8
Total loans
Single-family residential	5,568,929		60.3		5,572,244		64.2
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	90,252		0.9		80,359		0.9
Land - consumer lot loans	105,463		1.1		111,130		1.3
Multi-family	1,093,374		11.8		920,285		10.6
Commercial real estate	981,824		10.6		752,957		8.7

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WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

Commercial & industrial	512,973		5.5		434,088		5.0
HELOC	137,837		1.5		134,455		1.6
Consumer	208,956		2.2		138,315		1.6
Total Loans	9,256,701		100	%	8,669,717		100	%
Less:
Allowance for probable losses	105,611				112,347
Loans in process	438,941				346,172
Discount on acquired loans	28,399				25,391
Deferred net origination fees	38,141				37,485
	611,092				521,395
	$	8,645,609			$	8,148,322

Changes in the carrying amount and accretable yield for acquired non-impaired and credit-impaired loans (excluding covered loans) for the nine months ended June 30, 2015 and June 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	32,591		$	57,771		$	4,254		$	177,440
Transfer from covered loans (2)	23,167			15,866			1,482			33,649
Additions	—			—			346			—
Accretion	(11,501		)	11,501			(2,427		)	2,427
Transfers to REO	—			(458		)	—			—
Payments received, net	—			(18,140		)	—			(27,556		)
Balance as of end of period	$	44,257		$	66,540		$	3,655		$	185,960
(1) reclassification due to improvements in expected cash flows of the underlying loans
(2) reclassification from covered to non-covered due to expiration of loss share agreement

June 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Reclassification from nonaccretable balance, net (1)	7,300			—			—			—
Accretion	(8,884		)	8,884			(606		)	606
Transfers to REO	—			(1,188		)	—			(4,710		)
Payments received, net	—			(17,616		)	—			(48,988		)
Balance as of end of period	$	35,652		$	59,798		$	4,371		$	192,281
(1) reclassification due to improvements in expected cash flows of the underlying loans.

12

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

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

	June 30, 2015				September 30, 2014
	(In thousands)
Non-accrual loans:
Single-family residential	$	56,638	86.7	%	$	74,067	84.8	%
Construction - speculative	762		1.2		1,477		1.7
Construction - custom	355		0.5		—		—
Land - acquisition & development	—		—		811		0.9
Land - consumer lot loans	1,308		2.0		2,637		3.0
Multi-family	786		1.2		1,742		2.0
Commercial real estate	2,852		4.4		5,106		5.8
Commercial & industrial	1,205		1.8		7		—
HELOC	889		1.4		795		0.9
Consumer	513		0.8		789		0.9
Total non-accrual loans	$	65,308	100	%	$	87,431	100	%

The Company recognized interest income on nonaccrual loans of approximately $5,272,000 in the nine months endedJune 30, 2015. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $2,421,000 for the nine months endedJune 30, 2015. The recognized interest income may include more than nine months of interest for some of the loans that were brought current.

In addition to the nonaccrual loans reflected in the above table, the Company had $94,346,000 of loans that were less than 90 days delinquent at June 30, 2015 but which it had classified as substandard for one or more reasons.

The following tables provide an analysis of the age of loans (net of LIP and excluding covered loans) in past due status as of June 30, 2015 and September 30, 2014, respectively.

13

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

June 30, 2015	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,546,941	$	5,473,728	$	14,525	$	8,585	$	50,103	$	73,213	1.32	%
Construction - speculative	117,711		117,711		—		—		—		—		—
Construction - custom	204,914		204,140		310		109		355		774		0.38
Land - acquisition & development	72,856		72,429		427		—		—		427		0.59
Land - consumer lot loans	102,436		99,717		595		85		2,039		2,719		2.65
Multi-family	1,013,745		1,012,704		—		421		620		1,041		0.10
Commercial real estate	697,960		696,678		421		57		804		1,282		0.18
Commercial & industrial	451,473		451,404		69		—		—		69		0.02
HELOC	122,874		121,836		401		62		575		1,038		0.84
Consumer	205,950		205,259		519		172		—		691		0.34
Total non-acquired loans	8,536,860		8,455,606		17,267		9,491		54,496		81,254		0.95
Non-impaired acquired loans
Single-family residential	12,895		12,872		—		—		23		23		0.18
Land - acquisition & development	1,028		1,028		—		—		—		—		—
Land - consumer lot loans	2,472		2,339		—		16		117		133		5.38
Multi-family	3,692		3,692		—		—		—		—		—
Commercial real estate	101,542		101,369		—		—		173		173		0.17
Commercial & industrial	57,612		57,574		—		—		38		38		0.07
HELOC	6,414		5,973		224		217		—		441		6.88
Consumer	2,897		2,491		48		—		358		406		14.01
Total non-impaired acquired loans	188,552		187,338		272		233		709		1,214		0.64
Credit-impaired acquired loans
Single-family residential	6,284		6,284		—		—		—		—		—
Land - acquisition & development	1,842		771		203		—		868		1,071		58.14
Land - consumer lot loans	495		495		—		—		—		—		NM
Commercial real estate	71,189		69,448		608		—		1,133		1,741		2.45
Commercial & industrial	3,881		3,058		—		—		823		823		21.21
HELOC	8,549		8,236		—		—		313		313		3.66
Consumer	108		108		—		—		—		—		—
Total credit-impaired acquired loans	92,348		88,400		811		—		3,137		3,948		4.28
Total Loans	$	8,817,760	$	8,731,344	$	18,350	$	9,724	$	58,342	$	86,416	0.98	%

14

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

September 30, 2014	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,557,753	$	5,467,239	$	15,926	$	9,139	$	65,449	$	90,514	1.63	%
Construction - speculative	87,035		87,035		—		—		—		—		—
Construction - custom	192,098		191,262		836		—		—		836		0.44
Land - acquisition & development	68,066		67,911		155		—		—		155		0.23
Land - consumer lot loans	108,589		104,571		1,246		304		2,468		4,018		3.70
Multi-family	892,196		891,372		205		16		603		824		0.09
Commercial real estate	529,453		513,409		67		15,118		859		16,044		3.03
Commercial & industrial	379,226		377,848		53		1,318		7		1,378		0.36
HELOC	116,262		115,262		335		292		373		1,000		0.86
Consumer	132,686		131,642		654		262		128		1,044		0.79
Total non-acquired loans	8,063,364		7,947,551		19,477		26,449		69,887		115,813		1.44
Non-impaired acquired loans
Single-family residential	11,716		11,693		—		—		23		23		0.20
Land - acquisition & development	905		905		—		—		—		—		—
Land - consumer lot loans	2,502		2,132		—		370		—		370		14.79
Multi-family	2,999		2,999		—		—		—		—		—
Commercial real estate	97,715		96,948		104		—		663		767		0.78
Commercial & industrial	51,329		51,229		—		100		—		100		0.19
HELOC	8,056		8,056		—		—		—		—		—
Consumer	5,670		4,983		22		4		661		687		12.12
Total non-impaired acquired loans	180,892		178,945		126		474		1,347		1,947		1.08
Credit-impaired acquired loans
Single-family residential	325		325		—		—		—		—		—
Land - acquisition & development	1,581		1,581		—		—		—		—		—
Commercial real estate	63,713		61,713		152		909		939		2,000		3.14
Commercial & industrial	3,477		3,470		7		—		—		7		0.20
HELOC	10,138		9,641		—		75		422		497		4.90
Consumer	54		54		—		—		—		—		—
Total credit-impaired acquired loans	79,288		76,784		159		984		1,361		2,504		3.16
Total Loans	$	8,323,544	$	8,203,280	$	19,762	$	27,907	$	72,595	$	120,264	1.44	%

15

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. As of June 30, 2015, 95.9% of the Bank's $321,481,000 in TDRs were classified as performing. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of June 30, 2015, single-family residential loans comprised 85.7% of TDRs.

The Company reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area.

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

	Quarter Ended June 30,
	2015					2014
		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	8	$	1,611	$	1,611	48	$	10,693	$	10,693
Land - acquisition & development	—	—		—		3	756		756
Land - consumer lot loans	2	203		203		5	573		573
Commercial real estate	—	—		—		2	1,398		1,398
	10	$	1,814	$	1,814	58	$	13,420	$	13,420
	Nine Months Ended June 30,
	2015					2014
		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	57	13,875		13,875		199	45,132		45,132
Construction - speculative	2	718		718		—	—		—
Construction - custom	2	532		532		—	—		—
Land - consumer lot loans	6	923		923		10	1,746		1,746
Multi-family	—	—		—		2	1,201		1,201
Commercial real estate	3	3,175		3,175		3	2,197		2,197
HELOC	—	—		—		1	261		261
Consumer	1	85		85		3	207		207
	71	$	19,308	$	19,308	221	$	51,500	$	51,500

16

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

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

	Quarter Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	9	$	1,594	17	$	3,088
Land - consumer lot loans	2	301		1	69
Consumer	—	—		1	170
	11	$	1,895	19	$	3,327
	Nine Months Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	19	$	3,329	42	$	9,206
Land - consumer lot loans	7	991		4	445
Consumer	—	—		1	170
	26	$	4,320	47	$	9,821

17

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

NOTE E – Allowance for Losses on Loans

The following table summarizes the activity in the allowance for loan losses (excluding certain acquired and covered loans) for the three and nine months endedJune 30, 2015 and 2014:

Three Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	54,762	$	(1,698	)	$	3,878	$	(4,938	)	$	52,004
Construction - speculative	5,445		—			—		488			5,933
Construction - custom	968		—			—		17			985
Land - acquisition & development	7,405		—			1		(1,634		)	5,772
Land - consumer lot loans	3,035		(276		)	187		53			2,999
Multi-family	4,673		—			—		362			5,035
Commercial real estate	6,734		(1,592		)	230		1,896			7,268
Commercial & industrial	21,146		(2,106		)	896		1,726			21,662
HELOC	850		(26		)	1		39			864
Consumer	3,305		(853		)	1,045		(408		)	3,089
	$	108,323	$	(6,551	)	$	6,238	$	(2,399	)	$	105,611

Three Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	63,348	$	(2,530	)	$	4,717	$	(3,175	)	$	62,360
Construction - speculative	6,773		—			$	2	(388		)	6,387
Construction - custom	1,599		—			—		79			1,678
Land - acquisition & development	6,027		—			85		843			6,955
Land - consumer lot loans	2,974		(86		)	—		(26		)	2,862
Multi-family	4,187		—			—		(46		)	4,141
Commercial real estate	5,924		(32		)	24		773			6,689
Commercial & industrial	20,403		(38		)	4		(1,673		)	18,696
HELOC	975		(18		)	—		58			1,015
Consumer	2,721		(696		)	787		555			3,367
	$	114,931	$	(3,400	)	$	5,619	$	(3,000	)	$	114,150

18

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

Nine Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	62,763	$	(4,801	)	$	10,553	$	(16,511	)	$	52,004
Construction - speculative	6,742		(388		)	$	75	(496		)	5,933
Construction - custom	1,695		—			—		(710		)	985
Land - acquisition & development	5,592		(38		)	206		12			5,772
Land - consumer lot loans	3,077		(363		)	221		64			2,999
Multi-family	4,248		—			220		567			5,035
Commercial real estate	7,548		(1,619		)	711		628			7,268
Commercial & industrial	16,527		(2,461		)	948		6,648			21,662
HELOC	928		(26		)	1		(39		)	864
Consumer	3,227		(1,981		)	2,394		(551		)	3,089
	$	112,347	$	(11,677	)	$	15,329	$	(10,388	)	$	105,611

Nine Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(7,307	)	$	15,631	$	(10,148	)	$	62,360
Construction - speculative	8,407		(938		)	$	97	(1,179		)	6,387
Construction - custom	882		—			—		796			1,678
Land - acquisition & development	9,165		(541		)	823		(2,492		)	6,955
Land - consumer lot loans	3,552		(559		)	22		(153		)	2,862
Multi-family	3,816		—			—		325			4,141
Commercial real estate	5,595		(105		)	24		1,175			6,689
Commercial & industrial	16,614		(730		)	3,277		(465		)	18,696
HELOC	1,002		(18		)	—		31			1,015
Consumer	3,524		(2,788		)	2,871		(240		)	3,367
	$	116,741	$	(12,986	)	$	22,745	$	(12,350	)	$	114,150

The Company recorded a $1,932,000 reversal of the provision for loan losses during the quarter ended June 30, 2015, while a reversal of $3,000,000 was recorded for the same quarter one year ago. While the credit quality of the portfolio has been improving significantly and economic conditions are more favorable, the Company experienced two isolated charge-offs in the quarter ended June 30, 2015 that explain some of this reduction. The change in the current period was comprised of a reversal of $2,399,000 in allowance for loan losses and an increase in the reserve for unfunded commitments of $467,000. During the fiscal year ended September 30, 2014, there was a transfer of $2,910,000 from the general allowance to establish a reserve for unfunded commitments. Unfunded commitments are likely to be higher going forward as commercial loans are becoming a greater portion of balances. This reserve was $2,366,000 as of June 30, 2015.

Non-performing assets (“NPAs”) amounted to $128,883,000, or 0.90% of total assets at June 30, 2015, compared to $147,311,000, or 1.00%, of total assets as of September 30, 2014. Non-accrual loans decreased from $87,431,000 at September 30, 2014, to $65,308,000 at June 30, 2015.

Acquired loans, including covered loans, are not usually classified as non-performing because at acquisition, the carrying value of these loans is adjusted to reflect fair value. As of June 30, 2015, $33,573,000 in acquired loans were subject to the general allowance as the discount related to these balances was no longer sufficient to absorb potential losses.

19

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations. The Company had net charge-offs of $313,000 for the quarter ended June 30, 2015 compared with $2,219,000 of net recoveries for the same quarter one year prior.

As of June 30, 2015, $105,611,000 of the allowance was calculated under the formulas contained in our general allowance methodology. As of September 30, 2014, $112,287,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $60,000 was made up of specific reserves on loans which were deemed to be impaired.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of June 30, 2015 and September 30, 2014:

June 30, 2015	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	52,004	$	5,497,635	1.0	%	$	—	$	49,305	—	%
Construction - speculative	5,933		110,727		5.4		—		6,983		—
Construction - custom	985		204,914		0.5		—		—		—
Land - acquisition & development	5,772		68,234		8.5		—		3,237		—
Land - consumer lot loans	2,999		91,392		3.3		—		11,044		—
Multi-family	5,035		1,008,452		0.5		—		4,584		—
Commercial real estate	7,268		685,198		1.1		—		11,133		—
Commercial & industrial	21,662		484,902		4.5		—		—		—
HELOC	864		121,241		0.7		—		1,633		—
Consumer	3,089		205,862		1.5		—		89		—
	$	105,611	$	8,478,557	1.3	%	$	—	$	88,008	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

September 30, 2014	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	62,067	$	5,487,331	1.1	%	$	—	$	72,869	—	%
Construction - speculative	6,682		130,901		5.5		60		9,159		0.7
Construction - custom	1,695		385,464		0.5		—		360		—
Land - acquisition & development	5,592		73,999		7.6		—		3,833		—
Land - consumer lot loans	3,077		95,684		3.2		—		12,939		—
Multi-family	4,248		911,162		0.5		—		6,124		—
Commercial real estate	7,548		563,534		1.4		—		27,802		—
Commercial & industrial	17,223		421,816		4.6		—		—		—
HELOC	928		114,393		0.9		—		1,650		—
Consumer	3,227		132,590		2.4		—		—		—
	$	112,287	$	8,316,874	1.4	%	$	60	$	134,736	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

20

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

The Company has an asset quality review function that analyzes its loan portfolios and reports the results of the review to the Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as follows:

• Pass – the credit does not meet one of the definitions below.

• Special mention – A special mention credit is considered to be currently protected from loss but is potentially weak. No loss of principal or interest is foreseen; however, proper supervision and Management attention is required to deter further deterioration in the credit. Assets in this category constitute some undue and unwarranted credit risk but not to the point of justifying a risk rating of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset.

• Substandard – A substandard credit is an unacceptable credit. Additionally, repayment in the normal course is in jeopardy due to the existence of one or more well defined weaknesses. In these situations, loss of principal is likely if the weakness is not corrected. A substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified will have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets risk rated substandard.

• Doubtful – A credit classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The probability of loss is high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans.

• Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection.

The following tables provide information on loans (net of LIP and excluding covered loans) based on credit quality indicators as defined above as of June 30, 2015 and September 30, 2014.

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(UNAUDITED)

June 30, 2015	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,456,628		$	—		$	90,313		$	—		$	—		$	5,546,941
Construction - speculative	114,706			—			3,005			—			—			117,711
Construction - custom	204,914			—			—			—			—			204,914
Land - acquisition & development	67,726			—			5,130			—			—			72,856
Land - consumer lot loans	102,007			—			429			—			—			102,436
Multi-family	1,009,785			—			3,960			—			—			1,013,745
Commercial real estate	682,908			5,068			9,984			—			—			697,960
Commercial & industrial	411,925			965			38,583			—			—			451,473
HELOC	122,626			—			248			—			—			122,874
Consumer	205,950			—			—			—			—			205,950
	8,379,175			6,033			151,652			—			—			8,536,860
Non-impaired acquired loans
Single-family residential	12,872			—			23			—			—			12,895
Land - acquisition & development	651			—			377			—			—			1,028
Land - consumer lot loans	2,355			—			117			—			—			2,472
Multi-family	3,692			—			—			—			—			3,692
Commercial real estate	86,529			511			14,502			—			—			101,542
Commercial & industrial	54,243			1,228			2,141			—			—			57,612
HELOC	6,414			—			—			—			—			6,414
Consumer	2,484			—			413			—			—			2,897
	169,240			1,739			17,573			—			—			188,552
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	6,655			—			2,305			—			—			8,960
Pool 2 - Single-family residential	320			—			—			—			—			320
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	8,598			—			638			—			—			9,236
Pool 5 - Commercial real estate	47,715			—			22,811			—			—			70,526
Pool 6 - Commercial & industrial	2,931			—			375			—			—			3,306
Total credit impaired acquired loans	66,219			—			26,129			—			—			92,348
Total gross loans	$	8,614,634		$	7,772		$	195,354		$	—		$	—		$	8,817,760
Total grade as a % of total gross loans	97.7		%	0.1		%	2.2		%	—		%	—		%

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(UNAUDITED)

September 30, 2014	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,424,624		$	2,793		$	130,339		$	—		$	—		$	5,557,756
Construction - speculative	81,931			—			5,104			—			—			87,035
Construction - custom	192,098			—			—			—			—			192,098
Land - acquisition & development	61,949			—			6,117			—			—			68,066
Land - consumer lot loans	107,979			—			610			—			—			108,589
Multi-family	887,639			—			4,556			—			—			892,195
Commercial real estate	495,892			1,971			31,441			—			—			529,304
Commercial & industrial	359,168			14,740			5,265			—			—			379,173
HELOC	115,794			—			248			—			—			116,042
Consumer	132,444			—			241			—			—			132,685
	7,859,518			19,504			183,921			—			—			8,062,943
Non-impaired acquired loans
Single-family residential	11,716			—			—			—			—			11,716
Land - acquisition & development	503			—			402			—			—			905
Land - consumer lot loans	2,502			—			—			—			—			2,502
Multi-family	2,999			—			—			—			—			2,999
Commercial real estate	88,940			2,571			6,353			—			—			97,864
Commercial & industrial	36,309			13,642			1,375			58			—			51,384
HELOC	8,274			—			—			—			—			8,274
Consumer	5,670			—			—			—			—			5,670
	156,913			16,213			8,130			58			—			181,314
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,251			—			330			—			—			1,581
Pool 2 - Single-family residential	325			—			—			—			—			325
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,194			—			—			—			—			10,194
Pool 5 - Commercial real estate	48,867			2,143			12,702			—			—			63,712
Pool 6 - Commercial & industrial	643			—			2,833			—			—			3,476
Total credit impaired acquired loans	61,280			2,143			15,865			—			—			79,288
Total gross loans	$	8,077,711		$	37,860		$	207,916		$	58		$	—		$	8,323,545
Total grade as a % of total gross loans	97.2		%	0.4		%	2.4		%	—		%	—		%

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(UNAUDITED)

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

June 30, 2015	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,490,303	99.0	%	$	56,638	1.0	%
Construction - speculative	116,949		99.4		762		0.6
Construction - custom	204,559		99.8		355		0.2
Land - acquisition & development	71,471		100.0		—		—
Land - consumer lot loans	101,128		98.4		1,308		1.6
Multi-family	1,012,250		99.8		786		0.2
Commercial real estate	693,479		99.7		2,852		0.3
Commercial & industrial	450,124		99.8		1,205		0.2
HELOC	121,985		99.3		889		0.7
Consumer	205,437		99.8		513		0.2
	$	8,467,685	99.2	%	$	65,308	0.8	%

September 30, 2014	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,486,136	98.7	%	$	74,067	1.3	%
Construction - speculative	138,583		98.9		1,477		1.1
Construction - custom	385,824		100.0		—		—
Land - acquisition & development	77,021		99.0		811		1.0
Land - consumer lot loans	105,986		97.6		2,637		2.4
Multi-family	915,544		99.8		1,742		0.2
Commercial real estate	586,230		99.1		5,106		0.9
Commercial & industrial	379,219		100.0		7		—
HELOC	115,247		99.3		795		0.7
Consumer	131,801		99.4		789		0.6
	$	8,321,591	99.0	%	$	87,431	1.0	%

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

The following table provides information on impaired loan balances and the related allowances by loan types as of June 30, 2015 and September 30, 2014:

June 30, 2015	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	21,524	$	24,151	$	—		$	20,724
Construction - speculative	613		808		—			615
Construction - custom	355		355		—			178
Land - acquisition & development	680		1,223		—			683
Land - consumer lot loans	1,101		1,187		—			969
Multi-family	1,531		1,531		—			1,138
Commercial real estate	10,416		14,797		—			9,795
Commercial & industrial	4,340		18,276		—			5,664
HELOC	1,008		1,819		—			905
Consumer	414		627		—			414
	41,982		64,774		—			41,085
With an allowance recorded:
Single-family residential	275,179		279,043		8,057			275,889
Construction - speculative	6,371		7,161		—			6,389
Construction - custom	—		—		—			—
Land - acquisition & development	3,536		4,476		—			3,571
Land - consumer lot loans	11,540		11,805		—			11,627
Multi-family	3,843		3,843		—			3,853
Commercial real estate	19,251		21,206		—			19,962
Commercial & industrial	—		—		—			—
HELOC	1,394		1,394		—			1,394
Consumer	120		291		—			121
	321,234		329,219		8,057		(1)	322,806
Total:
Single-family residential	296,703		303,194		8,057			296,613
Construction - speculative	6,984		7,969		—			7,004
Construction - custom	355		355		—			178
Land - acquisition & development	4,216		5,699		—			4,254
Land - consumer lot loans	12,641		12,992		—			12,596
Multi-family	5,374		5,374		—			4,991
Commercial real estate	29,667		36,003		—			29,757
Commercial & industrial	4,340		18,276		—			5,664
HELOC	2,402		3,213		—			2,299
Consumer	534		918		—			535
	$	363,216	$	393,993	$	8,057	(1)	$	363,891

(1)Included in the general reserves.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

September 30, 2014	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	24,044	$	26,628	$	—		$	16,843
Construction - speculative	1,603		2,173		—			1,804
Land - acquisition & development	837		2,325		—			1,038
Land - consumer lot loans	974		1,072		—			713
Multi-family	1,111		1,111		—			327
Commercial real estate	13,234		20,085		—			11,720
Commercial & industrial	3,195		17,166		—			3,900
HELOC	1,019		1,730		—			612
Consumer	663		833		—			517
	46,680		73,123		—			37,474
With an allowance recorded:
Single-family residential	322,320		327,869		10,527			316,348
Construction - speculative	7,556		7,986		60			7,532
Land - acquisition & development	4,696		5,636		—			4,114
Land - consumer lot loans	13,002		13,385		—			12,858
Multi-family	5,243		5,463		—			4,957
Commercial real estate	34,159		35,028		—			18,572
HELOC	1,486		1,486		—			1,204
Consumer	43		214		—			79
	388,505		397,067		10,587		(1)	365,664
Total:
Single-family residential	346,364		354,497		10,527			333,191
Construction - speculative	9,159		10,159		60			9,336
Land - acquisition & development	5,533		7,961		—			5,152
Land - consumer lot loans	13,976		14,457		—			13,571
Multi-family	6,354		6,574		—			5,284
Commercial real estate	47,393		55,113		—			30,292
Commercial & industrial	3,195		17,166		—			3,900
HELOC	2,505		3,216		—			1,816
Consumer	706		1,047		—			596
	$	435,185	$	470,190	$	10,587	(1)	$	403,138

(1) Includes $60,000 of specific reserves and $10,527,000 included in the general reserves.

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(UNAUDITED)

NOTE F – New Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03,

Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. These amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. These amendments are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. ASU 2015-02 may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings. The Company does not expect this guidance to have a material impact on its consolidated financial statements.

In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. Under this new accounting guidance, repurchase-to-maturity transactions will be accounted for as secured borrowings rather than sales of an asset, and transfers of financial assets with contemporaneous repurchase financings will no longer be evaluated to determine whether they should be accounted for on a combined basis as forward contracts. The new guidance also prescribes additional disclosures particularly on the nature of collateral pledged in repurchase financings accounted for as secured borrowings. The amendments in this update were effective for the first interim or annual period beginning after December 31, 2014, with the exception of the collateral disclosures which will be effective for interim periods beginning after March 15, 2015. This guidance did not have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance does not apply to financial instruments. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017 and interim reporting periods within annual reporting periods beginning after December 15, 2017. The Company does not expect the new guidance to have a material impact on its consolidated financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The new guidance clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. ASU 2014-04 is effective for annual and interim reporting periods within those annual periods, beginning after December 15, 2014. Adoption of the new guidance is not expected to have a significant impact on the Company's consolidated financial statements.

NOTE G – Fair Value Measurements

U.S. GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active exchange markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

We have established and documented the Company's process for determining the fair values of the Company's assets and liabilities, where applicable. Fair value is based on quoted market prices, when available, for identical or similar assets or liabilities. In the absence of quoted market prices, fair value is determined using valuation models or third-party appraisals. The following is a description of the valuation methodologies used to measure and report the fair value of financial assets and liabilities on a recurring or nonrecurring basis:

Measured on a Recurring Basis

Securities

Securities available for sale are recorded at fair value on a recurring basis. Most securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method. Securities that are traded on active exchanges are considered a Level 1 input method.

Bank owned life insurance is recorded at the fair values of insurance policies owned based on the insurance contracts' cash surrender values. These are considered a Level 2 input method.

The bank offers interest rate swaps to its variable rate borrowers who want to manage their interest rate risk. At the same time, the bank enters into the opposite trade with a counter party to offset its interest rate risk. The bank has also entered into long term borrowing hedges through forward starting interest rate swaps. The fair value of these interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique. These are considered a Level 2 input method.

The following tables present the balance of assets measured at fair value on a recurring basis at June 30, 2015 and September 30, 2014:

	Fair Value at June 30, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	102,447	$	—	$	—	$	102,447
Obligations of U.S. government	—		529,472		—		529,472
Obligations of states and political subdivisions	—		27,275		—		27,275
Corporate debt securities	—		528,716		—		528,716
Agency pass-through certificates	—		1,328,852		—		1,328,852
Other Commercial MBS	—		107,612		—		107,612
Total available-for-sale securities	102,447		2,521,927		—		2,624,374
Bank owned life insurance	—		101,720		—		101,720
Interest rate contracts	—		5,429		—		5,429
Total financial assets	$	102,447	$	2,629,076	$	—	$	2,731,523
Financial Liabilities
Interest rate contracts	—		5,429		—		5,429
Long term borrowing hedge	—		3,914		—		3,914
Total financial liabilities	$	—	$	9,343	$	—	$	9,343

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended June 30, 2015.

28

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

	Fair Value at September 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	101,387	$	—	$	—	$	101,387
Obligations of U.S. government	—		731,943		—		731,943
Obligations of states and political subdivisions	—		23,681		—		23,681
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		509,007		—		509,007
Mortgage-backed securities
Agency pass-through certificates	—		1,584,508		—		1,584,508
Other Commercial MBS	—		98,916		—		98,916
Total available-for-sale securities	101,387		2,948,055		—		3,049,442
Interest rate contracts	—		2,879		—		2,879
Total financial assets	$	101,387	$	2,950,934	$	—	$	3,052,321
Financial Liabilities
Interest rate contracts	—		2,879		—		2,879
Long term borrowing hedge	—		268		—		268
Total financial liabilities	$	—	$	3,147	$	—	$	3,147

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the fiscal year ended September 30, 2014.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

Real estate held for sale consists principally of properties acquired through foreclosure. From time to time, and on a nonrecurring basis, fair value adjustments are recorded to reflect increases or decreases of principal balances based on the current appraisal or estimated value of the collateral, but only up to the fair value of the real estate owned as of the initial transfer date less selling costs.

When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at June 30, 2015 included loans for which a specific reserve allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as covered REO and real estate held for sale for which fair value of the properties was less than the cost basis.

The following tables present the aggregated balance of assets that were measured at estimated fair value on a nonrecurring basis at June 30, 2015 and June 30, 2014, and the total losses (gains) resulting from those fair value adjustments for the quarters and nine months ended June 30, 2015 and June 30, 2014. These estimated fair values are shown gross of estimated selling costs.

	Nine Months Ended June 30, 2015								Quarter Ended June 30, 2015			Nine Months Ended June 30, 2015
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	6,735	$	6,735	$	3,621		$	4,201
Covered REO (2)	—		—		1,950		1,950		(20		)	168
Real estate held for sale (2)	—		—		71,831		71,831		2,386			(8,571		)
Balance at end of period	$	—	$	—	$	80,516	$	80,516	$	5,987		$	(4,202	)

(1) The losses represent remeasurements of collateral-dependent loans.

(2) The (gains) losses represent net valuation adjustments on real estate held for sale.

	Nine Months Ended June 30, 2014								Quarter Ended June 30, 2014			Nine Months Ended June 30, 2014
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	10,156	$	10,156	$	(775	)	$	(1,311	)
Covered REO (2)	—		—		8,935		8,935		374			503
Real estate held for sale (2)	—		—		43,082		43,082		10,400			16,782
Balance at end of period	$	—	$	—	$	62,173	$	62,173	$	9,999		$	15,974

(1) The gains represents remeasurements of collateral-dependent loans.

(2) The losses represent aggregate net writedowns and charge-offs on real estate held for sale.

Impaired loans - The Company adjusts the carrying amount of impaired loans when there is evidence of probable loss and the expected fair value of the loan is less than its contractual amount. The amount of the impairment may be determined based on the estimated present value of future cash flows or the fair value of the underlying collateral. Impaired loans with a specific reserve allowance based on cash flow analysis or the value of the underlying collateral are classified as Level 3 assets.

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for probable loan & lease losses process.

30

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

Applicable loans that were included in the previous quarter's review are reevaluated and if their values are materially different from the prior quarter evaluation, the underlying information (loan balance and collateral value) are compared. Material differences are evaluated for reasonableness and discussions are held between the relationship manager and their division manager to understand the difference and determine if any adjustment is necessary.

The inputs are developed and substantiated on a quarterly basis, based on current borrower developments, market conditions and collateral values. The following methods are used to value impaired loans:

• The fair value of the collateral, which may take the form of real estate or personal property, is based on internal estimates, field observations, assessments provided by third-party appraisers and other valuation models. The Company performs or reaffirms valuations of collateral-dependent impaired loans at least annually. Adjustments are made if management believes that more recent information is available and relevant with respect to the fair value of the collateral.

• The present value of the expected future cash flows of the collateral is used for measurement of non collateral-dependent loans to test for impairment. The Company calculates the amount and timing of the future cash flows, the effective interest rate to be used to discount the cash flows and the basis for determination of the cash flows, including consideration of current economic and environmental factors, as well as other information relating to current or previous conditions.

Real estate held for sale ("REO") - When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include appraisals or third-party price options, which is used to establish the fair value of the underlying collateral. The determined fair value, less selling costs, becomes the carrying value of the REO asset.

The fair value of REO assets is re-evaluated quarterly and the REO asset is adjusted to reflect the fair value as necessary. After foreclosure, the valuations are updated periodically and current market conditions may require the assets to be written down further or up to the cost basis established on the date of transfer. The carrying balance of REO assets are also written down or up once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement, where the accepted price is lower than the cost established on the transfer date.

Fair Values of Financial Instruments

U. S. GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the statement of financial condition, for which it is practicable to estimate those values. Certain financial instruments and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value estimates presented do not reflect the underlying fair value of the Company. Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

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WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

		June 30, 2015				September 30, 2014
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	349,550	$	349,550	$	781,843	$	781,843
Available-for-sale securities
Equity securities	1	102,447		102,447		101,387		101,387
Obligations of U.S. government	2	529,472		529,472		731,943		731,943
Obligations of states and political subdivisions	2	27,275		27,275		23,681		23,681
Corporate debt securities	2	528,716		528,716		509,007		509,007
Mortgage-backed securities
Agency pass-through certificates	2	1,328,852		1,328,852		1,584,508		1,584,508
Other Commercial MBS	2	107,612		107,612		98,916		98,916
Total available-for-sale securities		2,624,374		2,624,374		3,049,442		3,049,442
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	2	1,586,514		1,553,716		1,548,265		1,499,218
Total held-to-maturity securities		1,586,514		1,553,716		1,548,265		1,499,218
Loans receivable	3	8,645,609		9,175,928		8,148,322		8,667,771
Covered loans	3	77,311		81,737		176,476		176,761
FDIC indemnification asset	3	18,783		18,263		36,860		35,976
FHLB and FRB stock	2	103,189		103,189		158,839		158,839
Bank owned life insurance	2	101,720		101,720		—		—
Other assets - interest rate contracts	2	—		5,429		—		2,879
Financial liabilities
Customer accounts	2	10,578,385		9,830,817		10,716,928		9,946,586
FHLB advances	2	1,730,000		1,833,413		1,930,000		2,054,437
Other liabilities - interest rate contracts	2	—		5,429		—		2,879
Other liabilities - long term borrowing hedge	2	—		3,914		—		268

The following methods and assumptions were used to estimate the fair value of financial instruments:

Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value.

Available-for-sale securities and held-to-maturity securities – Securities at fair value are primarily priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method. Equity securities which are exchange traded are considered a Level 1 input method.

Loans receivable and covered loans – For certain homogeneous categories of loans, such as fixed- and variable-rate residential mortgages, fair value is estimated for securities backed by similar loans, adjusted for differences in loan characteristics, using the same methodology described above for AFS and HTM securities. The fair value of other loan types is estimated by discounting the future cash flows and estimated prepayments using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. Some loan types were valued at carrying value because of their floating rate or expected maturity characteristics. Net deferred loan fees are not included in the fair value calculation but are included in the carrying amount.

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WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

FDIC indemnification asset – The fair value of the indemnification asset is estimated by discounting the expected future cash flows using the current rates.

FHLB and FRB stock – The fair value is based upon the par value of the stock which equates to its carrying value.

Bank owned life insurance – Fair values of insurance policies owned are based on the insurance contracts' cash surrender values.

Customer accounts – The fair value of demand deposits, savings accounts, and money market accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the estimated future cash flows using the rates currently offered for deposits with similar remaining maturities.

FHLB advances – The fair value of FHLB advances and other borrowings is estimated by discounting the estimated future cash flows using rates currently available to the Company for debt with similar remaining maturities.

Interest Rate Contracts – The bank offers interest rate swaps to its variable rate borrowers who want to manage their interest rate risk. At the same time, the bank enters into the opposite trade with a counterparty to offset its interest rate risk. The fair value of these interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique.

Long Term Borrowing Hedges – The fair value of the forward starting interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique.

33

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of June 30, 2015, and September 30, 2014:

	June 30, 2015
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	135,967	$	2,078	$	(460	)	$	137,585	1.43	%
5 to 10 years	75,441		149		(7		)	75,583		1.20
Over 10 years	316,929		435		(1,060		)	316,304		1.31
Equity Securities
Within 1 year	500		18		—			518		1.80
1 to 5 years	100,000		1,929		—			101,929		1.90
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	39,702		283		—			39,985		0.68
1 to 5 years	303,094		1,414		—			304,508		0.81
5 to 10 years	133,306		1,814		(1,647		)	133,473		1.54
Over 10 years	50,000		750		—			50,750		3.00
Municipal bonds due
1 to 5 years	2,278		—		(1		)	2,277		1.23
5 to 10 years	1,295		—		(14		)	1,281		2.05
Over 10 years	20,387		3,330		—			23,717		6.45
Mortgage-backed securities
Agency pass-through certificates	1,316,686		14,988		(2,822		)	1,328,852		2.58
Other Commercial MBS	107,512		151		(51		)	107,612		1.48
	2,603,097		27,339		(6,062		)	2,624,374		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,586,514		6,193		(38,991		)	1,553,716		3.16
	$	4,189,611	$	33,532	$	(45,053	)	$	4,178,090	2.43	%

34

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

	September 30, 2014
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	171,154	$	2,585		$	(748	)	$	172,991	1.26	%
5 to 10 years	203,317		300			(102		)	203,515		1.45
Over 10 years	354,828		1,028			(419		)	355,437		1.25
Equity Securities
1 to 5 years	100,500		887			—			101,387		1.90
Corporate bonds due
Within 1 year	15,000		75			—			15,075		1.00
1 to 5 years	302,540		2,372			—			304,912		0.71
5 to 10 years	138,201		1,789			(970		)	139,020		1.43
Over 10 years	50,000		—			—			50,000		3.00
Municipal bonds due
Over 10 years	20,402		3,279			—			23,681		6.45
Mortgage-backed securities
Agency pass-through certificates	1,561,639		24,893			(2,024		)	1,584,508		2.57
Other Commercial MBS	98,851		65			—			98,916		1.49
	3,016,432		37,273			(4,263		)	3,049,442		1.99
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,548,265		4,855			(53,902		)	1,499,218		3.13
	$	4,564,697	$	42,128		$	(58,165	)	$	4,548,660	2.38	%

During the quarter ended June 30, 2015, there were $238,000,000 of available-for-sale securities sold for a gain of $9,639,000. There were no available-for-sale securities sold during the quarter ended June 30, 2014. Substantially all of the agency mortgage-backed securities have contractual due dates that exceed 10 years.

The following tables show the unrealized gross losses and fair value of securities as of June 30, 2015 and September 30, 2014, by length of time that individual securities in each category have been in a continuous loss position. The decline in fair value is attributable to changes in interest rates. Because the Company does not intend to sell these securities and does not consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other than temporarily impaired.

June 30, 2015	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(1,022	)	$	23,978	$	(625	)	$	34,375	$	(1,647	)	$	58,353
Municipal bonds due	(15		)	3,558		—			—		(15		)	3,558
U.S. government and agency securities due	(558		)	140,285		(969		)	142,318		(1,527		)	282,603
Agency pass-through certificates	(1,919		)	454,980		(39,945		)	1,360,218		(41,864		)	1,815,198
	$	(3,514	)	$	622,801	$	(41,539	)	$	1,536,911	$	(45,053	)	$	2,159,712

35

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

September 30, 2014	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(125	)	$	24,875	$	(845	)	$	24,155	$	(970	)	$	49,030
U.S. government and agency securities due	(472		)	316,578		(797		)	109,354		(1,269		)	425,932
Agency pass-through certificates	(215		)	19,212		(55,711		)	1,509,209		(55,926		)	1,528,421
	$	(812	)	$	360,665	$	(57,353	)	$	1,642,718	$	(58,165	)	$	2,003,383

36

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

NOTE H – Covered Assets

Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements and these net balances were $81,745,000 as of June 30, 2015 compared to $200,558,000 as of September 30, 2014. The FDIC loss share coverage for the acquired commercial loans from the former Horizon Bank of $47,774,000 expired as of March 31, 2015 with final reporting as of April 30, 2015 and these loans were transferred to non-covered loans receivable. Recoveries to the extent that claims were made will continue to be shared through March 31, 2018. As of June 30, 2015, there were $38,712,000 of commercial loans from the former Home Valley Bank which are scheduled to have their loss share expire on September 30, 2015. The FDIC loss share coverage for single family residential loans will continue for another five years.

Changes in the net carrying amount and accretable yield for acquired impaired and non-impaired covered loans for the year to date period ended June 30, 2015 and the fiscal year ended September 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Net Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	64,534		$	78,055		$	10,259		$	98,422
Transfer to non-covered	(23,167		)	(15,866		)	(1,482		)	(33,649		)
Reclassification from nonaccretable balance, net	6,307			—			—			—
Accretion	(11,577		)	11,577			(4,358		)	4,358
Transfers to REO	—			(1,893		)	—			—
Payments received, net	—			(19,845		)	—			(43,848		)
Balance at end of period	$	36,097		$	52,028		$	4,419		$	25,283

September 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	78,277		$	138,091		$	17,263		$	157,856
Reclassification from nonaccretable balance, net	10,186			(2,069		)	—			—
Accretion	(23,929		)	23,929			(7,004		)	7,004
Transfers to REO	—			(8,943		)	—			—
Payments received, net	—			(72,953		)	—			(66,438		)
Balance at end of period	$	64,534		$	78,055		$	10,259		$	98,422

At June 30, 2015, none of the acquired impaired or non-impaired covered loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired covered loans was $81,164,000 and $213,203,000 as of June 30, 2015 and September 30, 2014, respectively. The discount balance related to the acquired covered loans was $3,853,000 and $34,483,000 as of June 30, 2015 and September 30, 2014, respectively.

There is no allowance for covered loans as of June 30, 2015. There was an allowance of $2,244,000 as of September 30, 2014.

The allowance for credit losses related to the acquired loans as of September 30, 2014 results from decreased expectations of future cash flows due to increased credit losses for certain acquired loan pools. The allowance allocation was reversed during the quarter ended December 31, 2014 due to improvements in the expected future cash flows of certain acquired loan pools.

37

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

The following table shows the year to date activity for the FDIC indemnification asset:

	June 30, 2015			September 30, 2014
	(In thousands)
Balance at beginning of fiscal year 2015 and 2014	$	36,860		$	64,615
Additions and deletions (1)	(1,795		)	1,795
Payments made (received)	714			(2,502		)
Amortization	(17,418		)	(27,850		)
Accretion	422			802
Balance at end of period	$	18,783		$	36,860
(1) reclassification of ALLL allowance due to changes in cash flows

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of June 30, 2015 and September 30, 2014:

June 30, 2015	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	15,300		$	—		$	593		$	—		$	—		$	15,893
Commercial & industrial	—			—			28			—			—			28
HELOC	9,214			—			—			—			—			9,214
	$	24,514		$	—		$	621		$	—		$	—		$	25,135
Total grade as a % of total net loans	97.5		%	—		%	2.5		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	151		$	—		$	1,613		$	—		$	—		$	1,764
Pool 2 - Single-family residential	14,375			—			331			—			—			14,706
Pool 3 - Multi-family	48			—			377			—			—			425
Pool 4 - HELOC & other consumer	2,611			—			—			—			—			2,611
Pool 5 - Commercial real estate	23,805			—			11,048			—			—			34,853
Pool 6 - Commercial & industrial	394			—			1,276			—			—			1,670
	$	41,384		$	—		$	14,645		$	—		$	—		56,029
										Total covered loans						81,164
													Discount			(3,853		)
													Allowance			—
													Covered loans, net			$	77,311

38

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

September 30, 2014	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	21,311		$	—		$	1,756		$	—		$	—		$	23,067
Land - acquisition & development	972			—			392			—			—			1,364
Land - consumer lot loans	73			—			—			—			—			73
Multi-family	6,598			—			—			—			—			6,598
Commercial real estate	26,940			115			24,281			—			—			51,336
Commercial & industrial	2,801			—			2,691			—			—			5,492
HELOC	11,777			—			—			—			—			11,777
Consumer	454			—			—			—			—			454
	$	70,926		$	115		$	29,120		$	—		$	—		$	100,161
Total grade as a % of total net loans	70.8		%	0.1		%	29.1		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	8,349		$	—		$	11,912		$	—		$	—		$	20,261
Pool 2 - Single-family residential	15,585			—			379			—			—			15,964
Pool 3 - Multi-family	52			—			471			—			—			523
Pool 4 - HELOC & other consumer	2,804			—			1,173			—			—			3,977
Pool 5 - Commercial real estate	33,909			700			29,782			—			—			64,391
Pool 6 - Commercial & industrial	3,509			—			3,892			525			—			7,926
	$	64,208		$	700		$	47,609		$	525		$	—		113,042
										Total covered loans						213,203
													Discount			(34,483		)
													Allowance			(2,244		)
													Covered loans, net			$	176,476

The following tables provide an analysis of the age of acquired non credit-impaired covered loans in past due status as of June 30, 2015 and September 30, 2014:

June 30, 2015	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	15,893	$	15,300	$	—	$	214	$	379	$	593	3.73	%
Commercial & industrial	28		28		—		—		—		—		—
HELOC	9,214		9,204		10		—		—		10		0.11
	$	25,135	$	24,532	$	10	$	214	$	379	$	603	2.40	%

39

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

September 30, 2014	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	23,067	$	22,391	$	230	$	40	$	406	$	676	2.93	%
Land - acquisition & development	1,364		1,328		—		—		36		36		2.64
Land - consumer lot loans	73		73		—		—		—		—		—
Multi-family	6,598		5,502		—		—		1,096		1,096		16.61
Commercial real estate	51,336		51,336		—		—		—		—		—
Commercial & industrial	5,492		5,492		—		—		—		—		—
HELOC	11,777		11,777		—		—		—		—		—
Consumer	454		443		11		—		—		11		2.42
	$	100,161	$	98,342	$	241	$	40	$	1,538	$	1,819	1.82	%

40

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - QUARTER ENDED JUNE 30, 2015 and 2014

(UNAUDITED)

NOTE I – Derivatives and Hedging Activities

The Bank periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rate payments, while the Bank retains a variable rate loan. Under these agreements, the Bank enters into a variable rate loan agreement and a swap agreement with the client. The swap agreement effectively converts the client’s variable rate loan into a fixed rate. The Bank enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the client's swap agreement. The interest rate swap agreements with the clients and third parties are not designated as hedges under ASC 815, the Derivatives and Hedging topic; the instruments are marked to market in earnings.

The notional amount of open interest rate swap agreements at June 30, 2015 was $736,232,000 compared to $264,169,000 as of September 30, 2014. There was no impact to the statement of operations for the nine months ended June 30, 2015 as the asset and liability side of the swaps offset each other. The fee income related to swaps was $936,673 for the nine months ended June 30, 2015.

Additionally, the Bank had $400,000,000 in forward starting interest rate swaps to hedge future borrowing rates as of June 30, 2015. Their impact on accumulated other comprehensive income as of June 30, 2015 was an after-tax loss of $2,476,000. These derivatives are designated as cash flow hedging instruments in accordance with ASC 815.

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2015 and September 30, 2014:

Asset Derivatives

Liability Derivatives

June 30, 2015

September 30, 2014

June 30, 2015

September 30, 2014

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

5,429

Other assets

$

2,879

Other liabilities

$

5,429

Other liabilities

$

2,879

Long term borrowing hedge

Other assets

—

Other assets

—

Other liabilities

3,914

Other liabilities

268

41

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

In addition to historical information, this Quarterly Report on Form 10-Q includes certain “forward-looking statements,” as defined in the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended (the "Exchange Act"), based on current management expectations. Actual results could differ materially from those management expectations. Such forward-looking statements include statements regarding the Company’s intentions, beliefs or current expectations as well as the assumptions on which such statements are based. Stockholders and potential stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause future results to vary from current management expectations include, but are not limited to: general economic conditions; legislative and regulatory changes, including without limitation the potential effect of the Dodd-Frank Wall Street Reform and Consumer Protection Act and regulations being promulgated thereunder; monetary fiscal policies of the federal government; changes in tax policies; rates and regulations of federal, state and local tax authorities; changes in interest rates; deposit flows; cost of funds; demand for loan products; demand for financial services; competition; changes in the quality or composition of the Company’s loan and investment portfolios; changes in accounting principles; policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and fees. The Company undertakes no obligation to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

GENERAL

Washington Federal, Inc. is a Washington corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through the Bank, a federally-insured national bank subsidiary, Washington Federal, National Association. The Bank converted from a federal savings association to a national bank charter with the Office of the Comptroller of the Currency on July 17, 2013. At the same time, the Company which had previously been a savings and loan holding company, became a bank holding company under the Bank Holding Company Act.

The Company's fiscal year end is September 30th. All references to 2014 represent balances as of September 30, 2014 or activity for the fiscal year then ended.

The results discussed below were impacted by the acquisition on close of business October 31, 2013 of eleven branches from Bank of America, National Association ("BOA"); these branches are located in New Mexico. Effective as of the close of business on December 6, 2013, the Bank completed the acquisition of another forty branches from BOA; these branches are located in Washington, Oregon, and Idaho. Effective as of the close of business on May 2, 2014, the Bank completed the acquisition of an additional twenty-three branches from BOA; these branches are located in Arizona and Nevada. The combined acquisitions provided $1,853,798,000 in deposit accounts, $12,881,000 of loans, and $25,097,000 in branch properties. Washington Federal paid a 1.99% premium on the total deposits and received $1,776,660,000 in cash from the transactions.

The operating results of the Company include the operating results produced by the first eleven branches for the period from November 1, 2013 to June 30, 2015, the additional forty branches from December 7, 2013 to June 30, 2015 and the twenty-three branches from May 3, 2014 to June 30, 2015.

INTEREST RATE RISK

Based on Management's assessment of the current interest rate environment, the Bank has taken steps to reduce its interest rate risk profile compared to its historical norms, including growing shorter-term business loans, transaction deposit accounts and extending the maturity on borrowings. The recent branch acquisitions have accelerated these efforts. The mix of transaction accounts is now approximately 54% of total deposits. The Bank has also been purchasing more variable rate investments. The composition of the investment portfolio is 43% variable and 57% fixed rate. In addition, $1,586,514,000 of its purchased 30-year fixed rate mortgage-backed securities have been designated as held-to-maturity. With rising interest rates, these securities may be subject to unrealized losses. As of June 30, 2015, the net unrealized loss on these securities was $32,798,000. The net unrealized gain on the net balance of $2,603,097,000 of available-for-sale securities was $21,277,000 as of June 30, 2015. The Bank has executed $400,000,000 in forward starting interest rate swaps to hedge future borrowing rates as of June 30, 2015. The net unrealized loss on the interest rate swaps as of June 30, 2015 was $3,914,000. All of the above are pre-tax net unrealized gains/(losses).

42

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

The Company relies on various measures of interest rate risk, including an asset/liability maturity gap analysis, modeling of changes in forecasted net interest income under various rate change scenarios, and the impact of interest rate changes on the net portfolio value (“NPV”) of the Company.

Repricing Gap Analysis. At June 30, 2015, the Company had approximately $1,901,989,000 more in liabilities subject to maturity or repricing in the next year than assets, which resulted in a negative one-year maturity gap of 13.2% of total assets. This was an increase from the 11.3% negative gap as of September 30, 2014. A negative maturity gap implies that funding costs will change more rapidly than interest income on earning assets with movements in interest rates. A negative maturity gap typically results in lower margins when interest rates rise and higher margins when interest rates decline. Gap analysis provides management with a high-level indication of interest rate risk, but it is considered less reliable than more detailed modeling.

Net Interest Income Sensitivity. The potential impact of rising interest rates on net interest income in the future under various rate change scenarios is estimated using a model that is based on account level detail for loans and deposits. In the event of an immediate and parallel increase of 200 basis points in both short and long-term interest rates, the model estimates that net interest income will decrease by 2.20% in the next year. This compares to an estimated decrease of 1.50% as of the September 30, 2014 analysis. This analysis assumes zero balance sheet growth and a constant percentage composition of assets and liabilities for consistency. It also assumes that loan and deposit prices respond in full to the increase in market rates. Actual results will differ from the assumptions used in this model, as Management monitors and adjusts loan and deposit pricing and the size and composition of the balance sheet to respond to changing interest rates. It is noted that a flattening yield curve due to a greater increase in short term rates as compared to long term rates would likely result in a more significant decrease in net interest income. Management estimates that a gradual increase of 300 basis points in short term rates and 100 basis points in long term rates over two years would result in a net interest income decrease of 3.25% in the first year and 6.50% in the second year assuming a constant balance sheet and no changes in management actions.

NPV Sensitivity. The NPV is an estimate of the market value of shareholder's equity. It is derived by calculating the difference between the present value of expected cash flows from interest-earning assets and the present value of expected cash flows from interest-paying liabilities and off-balance-sheet contracts. The sensitivity of the NPV to changes in interest rates provides a longer term view of interest rate risk as it incorporates all future expected cash flows. In the event of an immediate and parallel increase of 200 basis points in interest rates, the NPV is estimated to decline by $572,000,000 or 20.4% and the NPV to total assets ratio to decline to 16.50% from a base of 19.23%. As of September 30, 2014, the NPV in the event of a 200 basis point increase in rates was estimated to decline by $598,000,000 or 21.7% and the NPV to total assets ratio to decline to 15.68% from a base of 18.53%. The decreased NPV sensitivity and higher base NPV ratio is due to lower interest rates and higher prices as of June 30, 2015.

Interest Rate Spread. The interest rate spread is measured as the difference between the rate on total loans and investments and the rate on costing liabilities at the end of each period. The interest rate spread increased to 2.71% at June 30, 2015 from 2.66% at September 30, 2014. The spread increased primarily due to lower rates on deposits and borrowings. As of June 30, 2015, the weighted average rate on customer deposit accounts and borrowings decreased by 3 basis points compared to September 30, 2014, while the weighted average rate on earning assets declined by 2 basis points to 3.61%.

Net Interest Margin. The net interest margin is measured using the interest income and expense over the average assets and liabilities for the period. The net interest margin decreased to 3.02% for the quarter ended June 30, 2015 from 3.05% for the quarter ended June 30, 2014. The yield on earning assets decreased 15 basis points to 3.89% and the cost of interest bearing liabilities declined 12 basis points to 0.93%. The lower yield on earning assets is the result of lower rates on loans and investments due to the continued low interest rate environment. The decrease in interest costs was a combination of continued downward repricing of time deposits and the prepayment of a $100,000,000 FHLB advance in the quarter ended December 31, 2014. Management prepaid an additional $100,000,000 FHLB advance in the quarter ended June 30, 2015.

The following table sets forth the information explaining the changes in the net interest margin for the periods indicated compared to the same periods one year ago.

43

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

	Quarter Ended June 30, 2015						Quarter Ended June 30, 2014
	Average Balance		Interest		Average Rate		Average Balance		Interest		Average Rate
	(In thousands)						(In thousands)
Assets
Loans and covered loans	$	8,628,345	$	107,250	4.99	%	$	8,040,819	$	108,089	5.39	%
Mortgaged-backed securities	3,024,821		16,995		2.25		3,341,969		20,507		2.46
Cash & Investments	1,543,556		4,625		1.20		2,011,154		6,003		1.20
FHLB & FRB stock	134,692		430		1.28		166,522		412		0.99
Total interest-earning assets	13,331,414		129,300		3.89	%	13,560,464		135,011		3.99	%
Other assets	1,124,750						988,917
Total assets	$	14,456,164					$	14,549,381
Liabilities and Equity
Customer accounts	$	10,635,364	$	12,485	0.47	%	$	10,608,318	$	14,239	0.54	%
FHLB advances	1,820,110		16,250		3.58		1,930,000		17,493		3.64
Other borrowings	—		—		—		—		—		—
Total interest-bearing liabilities	12,455,474		28,735		0.93	%	12,538,318		31,732		1.02	%
Other liabilities	46,980						26,278
Total liabilities	12,502,454						12,564,596
Stockholder's equity	1,953,710						1,984,785
Total liabilities and equity	$	14,456,164					$	14,549,381
Net interest income			$	100,565					$	103,279
Net interest margin					3.02	%					3.05	%

As of June 30, 2015, total assets had declined by $385,545,000 to $14,370,496,000 from $14,756,041,000 at September 30, 2014. For the quarter ended June 30, 2015, compared to the quarter ended September 30, 2014, loans (including covered loans) increased $398,122,000 or 4.78%. Investment securities decreased $386,819,000 or 8.41%.

Cash and cash equivalents of $349,550,000 and stockholders’ equity of $1,959,121,000 as of June 30, 2015 provides management with flexibility in managing interest rate risk going forward.

LIQUIDITY AND CAPITAL RESOURCES

The principal sources of funds for the Company's activities are loan repayments (including prepayments), net deposit inflows, repayments and sales of investments and borrowings and retained earnings, if applicable. The Company's principal sources of revenue are interest on loans and interest and dividends on investments.

44

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

The Bank has a credit line with the Federal Home Loan Bank of Des Moines ("FHLB") equal to 49.0% of total assets, providing a substantial source of additional liquidity if needed. On June 1, 2015, the FHLB of Seattle merged into the FHLB of Des Moines to create a larger, financially stronger, member-owned cooperative. The resulting institution is headquartered in Des Moines with a smaller presence maintained in Seattle for members of the former FHLB of Seattle. This merger will benefit the Bank due to the return of excess FHLB stock and projected improvements in the cash dividends on the remaining activity based stock that will be required.

The Bank has entered into borrowing agreements with the FHLB to borrow funds under a short-term floating rate cash management advance program and fixed-rate term loan agreements. All borrowings are secured by stock of the FHLB, deposits with the FHLB, and a blanket pledge of qualifying loans receivable as provided in the agreements with the FHLB. The total collateral value on loans receivable as of June 30, 2015 was $4,748,000,000 and the remaining FHLB borrowing capacity was $3,013,000,000. The Bank is also eligible to borrow under the Federal Reserve Bank's primary credit program.

The Company's cash and cash equivalents amounted to $349,550,000 at June 30, 2015, a decrease from $781,843,000 at September 30, 2014. These amounts include the Bank's operating cash.

The Company’s net worth at June 30, 2015 was $1,959,121,000, or 13.63% of total assets. This was a decrease of $14,162,000 from September 30, 2014 when net worth was $1,973,283,000 which was 13.37% of total assets. The Company’s net worth was impacted in the nine months ended June 30, 2015 by net income of $117,818,000, the payment of $38,997,000 in cash dividends, treasury stock purchases of $103,049,000, as well as a decrease in other comprehensive income of $9,731,000. The ratio of tangible capital to tangible assets at June 30, 2015 was 11.79%. The Company has paid out 33.1% of its 2015 earnings year-to-date in cash dividends to common shareholders, compared with 26.7% for fiscal year 2014. For the nine months ended June 30, 2015, $142,046,000 or 121% of net income was returned to shareholders in the form of cash dividends or share repurchases. Management believes this strong net worth position will help the Company manage its interest rate risk and provide the capital support needed for controlled growth in a regulated environment.

The Company (on a consolidated basis) and its banking subsidiary are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company and the Bank's financial statements.

In July 2013, federal banking agencies released new regulatory capital rules which became effective on January 1, 2015. These new rules raise the minimum capital ratios and establish new criteria for regulatory capital. Minimum capital ratios for four measures are established for capital adequacy purposes. These new standards are indicated in the table below. The common equity tier 1 capital ratio is new; it recognizes common equity as the highest form of capital. The denominator for all except the leverage ratio is risk weighted assets. The new rules also set forth a “capital conservation buffer” of up to 2.5%. In the event that a bank’s capital levels fall below the minimum ratios plus these buffers, restrictions can be placed on the bank by its regulators. These restrictions include reducing dividend payments, share-backs, and staff bonus payments. The purpose of these buffers is to require banks to build up capital outside of periods of stress that can be drawn down during periods of stress. As a result, even during periods where losses are incurred, the minimum capital ratios can still be met. The new capital rules detail a phase-in period for the new minimum ratios and the capital buffers, before the full minimum ratios take effect in 2019. The Company has calculated its capital ratios using the new rules as of March 31, 2015 and June 30, 2015. This did not have a material impact on its consolidated financial statements.

There are also new standards for Adequate and Well Capitalized criteria that are used for “Prompt Corrective Action” purposes. To remain categorized as well capitalized, the Bank and Holding Company must maintain minimum common equity risk-based, tier 1 risk-based, total risk-based and tier 1 leverage ratios as set forth in the following table.

45

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

	Actual				Minimum Capital Adequacy Guidelines				Minimum Well-Capitalized Guidelines
	Capital		Ratio		Capital		Ratio		Capital		Ratio
	(In thousands)
June 30, 2015
Common Equity Tier I risk-based capital ratio:
The Company	$	1,651,546	19.60	%	$	638,737	4.50	%	$	922,620	6.50	%
The Bank	1,630,586		19.35	%	638,683		4.50	%	922,542		6.50	%
Tier I risk-based capital ratio:
The Company	1,651,546		19.60	%	505,489		6.00	%	673,985		8.00	%
The Bank	1,630,586		19.35	%	505,547		6.00	%	674,063		8.00	%
Total risk-based capital ratio:
The Company	1,757,778		20.86	%	673,985		8.00	%	842,482		10.00	%
The Bank	1,736,830		20.61	%	674,063		8.00	%	842,579		10.00	%
Tier 1 Leverage ratio:
The Company	1,651,546		11.64	%	567,766		4.00	%	709708		5.00	%
The Bank	1,630,586		11.49	%	567,718		4.00	%	709,648		5.00	%
September 30, 2014
Tier I risk-based capital ratio:
The Company	1,648,199		22.71	%	290,335		4.00	%	NA		NA
The Bank	1,658,704		22.85	%	290,386		4.00	%	435,579		6.00	%
Total risk-based capital ratio:
The Company	1,739,658		23.97	%	580,671		8.00	%	NA		NA
The Bank	1,750,179		24.11	%	580,772		8.00	%	725,965		10.00	%
Tier 1 Leverage ratio:
The Company	1,648,199		11.39	%	578,804		4.00	%	NA		N/A
The Bank	1,658,704		11.46	%	578,816		4.00	%	723,520		5.00	%

CHANGES IN FINANCIAL CONDITION

Available-for-sale and held-to-maturity securities: Available-for-sale securities decreased $425,068,000, or 13.9%, during the nine months ended June 30, 2015, due to sales and prepayments, calls and maturities which were partially offset by the purchase of $329,490,000 of available-for-sale securities. There were $235,109,000 of available-for-sale securities sold during the nine months ended June 30, 2015 at a gain of $9,639,000. During the same period, there were $249,382,000 million in held-to-maturity securities purchased. There were no held to maturity securities sold. As of June 30, 2015, the Company had net unrealized gains on available-for-sale securities and long term borrowing hedges of $10,977,000, net of tax, which were recorded as part of other comprehensive income. This includes a net unrealized gain (net of tax) of $13,453,000 on available for sale securities and a net unrealized loss (net of tax) of $2,476,000 on long term borrowing hedges.

Loans receivable: During the nine months ended June 30, 2015, the balance of net loans receivable increased to $8,645,609,000 compared to $8,148,322,000 at September 30, 2014. This increase includes net loan activity (originations less principal payments and maturities) for non-covered loans of $267,222,000, loan purchases of $183,406,000, and transfers from covered loans of $49,515,000. During the nine month period, $23,940,000 of non-covered loans were transferred to REO.

46

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Covered loans: As of June 30, 2015, FDIC covered loans decreased 56.2%, or $99,165,000 to $77,311,000, compared to September 30, 2014. There was a reduction of $49,515,000 due to the expiration of the FDIC loss share coverage for the acquired commercial loans from the former Horizon Bank that expired after March 31, 2015. The FDIC loss share coverage for single family residential loans will continue for another five years. There were also $65,585,000 of net principal payments, maturities and transfers to REO which were partially offset by $15,935,000 in accretable yield.

There are $38,712,000 of covered assets from the former Home Valley Bank as of June 30, 2015 that will lose their FDIC loss share coverage as of September 30, 2015. If all FDIC loss share coverage had expired as of June 30, 2015, the NPA ratio would increase from 0.90% to 1.04% and the delinquency rate would rise from 0.98% to 1.05%.

The following table shows the loan portfolio by category for the last three quarters.

Loan Portfolio by Category *	June 30, 2015				March 31, 2015				December 31, 2014
Non-Acquired loans	(In thousands)
Single-family residential	$	5,549,746	60.1	%	$	5,535,104	61.4	%	$	5,608,208	63.9	%
Construction - speculative	181,668		2.0		163,657		1.8		152,450		1.7
Construction - custom	375,425		4.1		370,693		4.1		377,561		4.3
Land - acquisition & development	87,382		0.9		105,058		1.2		84,000		1.0
Land - consumer lot loans	102,495		1.1		102,082		1.2		104,492		1.2
Multi-family	1,089,682		11.8		1,010,003		11.2		977,752		11.2
Commercial real estate	808,539		8.7		741,137		8.2		597,436		6.8
Commercial & industrial	451,478		4.9		408,358		4.6		391,327		4.5
HELOC	122,870		1.3		120,901		1.3		118,047		1.3
Consumer	205,932		2.2		218,680		2.5		126,929		1.4
Total non-acquired loans	8,975,217		97.1		8,775,673		97.5		8,538,202		97.3
Non-impaired acquired loans
Single-family residential	12,895		0.1		10,977		0.1		11,163		0.1
Land - acquisition & development	1,028		—		728		—		872		—
Land - consumer lot loans	2,472		—		2,476		—		2,496		—
Multi-family	3,692		—		2,912		—		2,954		—
Commercial real estate	102,089		1.1		87,313		1.0		92,133		1.0
Commercial & industrial	57,614		0.6		55,659		0.6		58,836		0.7
HELOC	6,414		0.1		6,700		0.1		7,749		0.1
Consumer	2,916		—		2,794		—		4,369		—
Total non-impaired acquired loans	189,120		1.9		169,559		1.8		180,572		1.9
Credit-impaired acquired loans
Single-family residential	6,288		0.1		322		—		323		—
Land - acquisition & development	1,842		—		1,395		—		1,533		—
Land - consumer lot loans	496		—		—		—		—		—
Commercial real estate	71,196		0.8		56,727		0.6		60,287		0.7
Commercial & industrial	3,881		—		2,190		—		3,255		—
HELOC	8,553		0.1		8,838		0.1		9,202		0.1
Consumer	108		—		51		—		54		—
Total credit-impaired acquired loans	92,364		1.0		69,523		0.7		74,654		0.8
Total Loans
Single-family residential	5,568,929		60.3		5,546,403		61.5		5,619,694		64.0
Construction - speculative	181,668		2.0		163,657		1.8		152,450		1.7

47

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Construction - custom	375,425		4.1		370,693		4.1		377,561		4.3
Land - acquisition & development	90,252		0.9		107,181		1.2		86,405		1.0
Land - consumer lot loans	105,463		1.1		104,558		1.2		106,988		1.2
Multi-family	1,093,374		11.8		1,012,915		11.2		980,706		11.2
Commercial real estate	981,824		10.6		885,177		9.8		749,856		8.5
Commercial & industrial	512,973		5.5		466,207		5.2		453,418		5.2
HELOC	137,837		1.5		136,439		1.5		134,998		1.5
Consumer	208,956		2.2		221,525		2.5		131,352		1.4
Total Loans	9,256,701		100	%	9,014,755		100	%	8,793,428		100	%
Less:
Allowance for probable losses	105,611				108,323				108,700
Loans in process	438,941				426,836				370,655
Discount on acquired loans	28,399				20,845				22,535
Deferred net origination fees	38,141				37,763				37,621
	611,092				593,767				539,511
	$	8,645,609			$	8,420,988			$	8,253,917

 ____________________

* Excludes covered loans

Non-performing assets (excludes discounted acquired assets): NPAs decreased during the quarter ended June 30, 2015 to $128,883,000 from $147,311,000 at September 30, 2014, a 12.5% decrease. The decrease is due to improving credit conditions and credit quality. Non-performing assets as a percentage of total assets was 0.90% at June 30, 2015 compared to 1.00% at September 30, 2014. This level of NPAs is improved from the 0.96% average in the Company's 29+ year history as a public company.

48

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following table sets forth information regarding restructured and non-accrual loans and REO held by the Company at the dates indicated.

	June 30, 2015					September 30, 2014
	(In thousands)
Restructured loans:
Single-family residential	$	275,428		85.7	%	$	323,732		86.3	%
Construction - speculative	6,370			2.0		7,360			2.0
Land - acquisition & development	3,536			1.1		4,737			1.3
Land - consumer lot loans	11,539			3.6		13,002			3.5
Multi - family	3,843			1.2		5,243			1.4
Commercial real estate	19,251			6.0		19,140			5.1
HELOC	1,394			0.4		1,486			0.4
Consumer	120			—		43			—
Total restructured loans (1)	$	321,481		100	%	$	374,743		100	%
Non-accrual loans:
Single-family residential	$	56,638		86.7	%	$	74,067		84.8	%
Construction - speculative	762			1.2		1,477			1.7
Construction - custom	355			0.5		—			—
Land - consumer lot loans	1,308			2.0		2,637			3.0
Multi-family	786			1.2		1,742			2.0
Commercial real estate	2,852			4.4		5,106			5.8
Commercial & industrial	1,205			1.8		7			—
HELOC	889			1.4		795			0.9
Consumer	513			0.8		789			0.9
Total non-accrual loans (2)	65,308			100	%	87,431			100	%
Total REO (3)	59,239					55,072
Total REHI (3)	4,336					4,808
Total non-performing assets	$	128,883				$	147,311
Total non-performing assets and performing restructured loans as a percentage of total assets	3.04		%			3.37		%
(1)    Restructured loans were as follows:
Performing	$	308,355		95.9	%	$	350,653		93.6	%
Non-performing (included in non-accrual loans above)	13,126			4.1		24,090			6.4
	$	321,481		100	%	$	374,743		100	%

(2) The Company recognized interest income on cash payments received from the borrower on nonaccrual loans of approximately $5,272,000 in the nine months endedJune 30, 2015. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $2,421,000 for the nine months endedJune 30, 2015. The recognized interest income may include more than nine months of interest for some of the loans that were brought current. In addition to the nonaccrual loans reflected in the above table, the Company had $94,346,000 of loans that were less than 90 days delinquent at June 30, 2015 but which it had classified as substandard for one or more reasons. If these loans were deemed non-performing, the Company’s ratio of total NPAs and performing restructured loans as a percent of total assets would have increased to 3.04% at June 30, 2015.

49

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

(3) Total REO and REHI includes real estate held for sale acquired in settlement of loans or acquired from purchased institutions in settlement of loans. Includes net exposure to covered REO of $3,748,000.

Restructured single-family residential loans are reserved for under the Company’s general reserve methodology. If any individual loan is significant in balance, the Company may establish a specific reserve as warranted.

Most restructured loans are accruing and performing loans where the borrower has proactively approached the Bank about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. Single-family residential loans comprised 85.7% of restructured loans as of June 30, 2015. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period.

For commercial loans, six consecutive payments on newly restructured loan terms are required prior to returning the loan to accrual status. In some instances after the required six consecutive payments are made, a management assessment will conclude that collection of the entire principal balance is still in doubt. In those instances, the loan will remain on non-accrual. Homogeneous loans may or may not be on accrual status at the time of restructuring, but all are placed on accrual status upon the restructuring of the loan. Homogeneous loans are restructured only if the borrower can demonstrate the ability to meet the restructured payment terms; otherwise, collection is pursued and the loan remains on non-accrual status until liquidated. If the homogeneous restructured loan does not perform it will be placed in non-accrual status when it is 90 days delinquent.

A loan that defaults and is subsequently modified would impact the Company’s delinquency trend, which is part of the qualitative risk factors component of the general reserve calculation. Any modified loan that re-defaults and is charged-off would impact the historical loss factors component of the Company's general reserve calculation.

Allocation of the allowance for loan losses: The following table shows the allocation of the Company’s allowance for loan losses at the dates indicated.

	June 30, 2015						September 30, 2014
	Amount		Loans to Total Loans (1)		Coverage Ratio (2)		Amount		Loans to Total Loans (1)		Coverage Ratio (2)
	(In thousands)						(In thousands)
Single-family residential	$	52,004	64.8	%	0.9	%	$	62,763	65.6	%	1.1	%
Construction - speculative	5,933		1.4		5.0		6,742		1.7		5.2
Construction - custom	985		2.4		0.5		1,695		4.6		0.5
Land - acquisition & development	5,772		0.8		8.1		5,592		0.9		7.2
Land - consumer lot loans	2,999		1.2		2.9		3,077		1.3		2.8
Multi-family	5,035		11.8		0.5		4,248		10.9		0.5
Commercial real estate	7,268		8.1		1.0		7,548		7.0		1.3
Commercial & industrial	21,662		5.7		4.5		16,527		5.0		4.6
HELOC	864		1.4		0.7		928		1.4		0.9
Consumer	3,089		2.4		1.5		3,227		1.6		2.4
	$	105,611	100	%			$	112,347	100	%

(1) Represents the total amount of the loan category as a % of total gross loans, excluding non-acquired and non-covered loans outstanding not subject to the allowance for loan loss.

(2) Represents the allocated allowance of the loan category as a % of total gross loans, excluding non-acquired and non-covered loans outstanding not subject to the allowance for loan loss, for the same loan category.

Real Estate Held for Sale: Real estate held for sale increased during the nine months endedJune 30, 2015 by $419,000 to $55,491,000. The increase is attributable to upward net market value adjustments from prior period corrections and the addition of previously covered loans from the commercial portion of the former Horizon Bank portfolio which were partially offset by sales of existing REO properties during the quarter.

50

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Interest Receivable: Interest receivable decreased by $12,487,000 as compared to September 30, 2014, largely as a result of the correction for the over-accrual of interest income of $8,872,000 that was made in a prior quarter that had accumulated since fiscal 2011 and was detected during this fiscal year. Management believes this error and its correction had no material impact to any prior reporting period. The remaining difference is primarily due to lower yields on earning assets.

Bank Owned Life Insurance: The Company purchased $100,000,000 in bank-owned life insurance, with a expected 2015 pre-tax equivalent yield of 5.14%, in the quarter ended December 31, 2014 to assist in funding the growth of employee benefit costs.

Customer accounts: Customer accounts decreased $138,543,000, or 1.3%, to $10,578,385,000 at June 30, 2015 compared with $10,716,928,000 at September 30, 2014.

The following table shows the composition of the Bank’s customer accounts by deposit type as of the dates shown:

	June 30, 2015						September 30, 2014
	Deposit Account Balance		As a % of Total Deposits		Wtd. Avg. Rate		Deposit Account Balance		As a % of Total Deposits		Wtd. Avg. Rate
	(In thousands)						(In thousands)
Non-interest checking	$	933,645	8.8	%	—	%	$	883,601	8.2	%	—	%
Interest checking	1,556,136		14.7		0.06	%	1,447,569		13.5		0.09	%
Savings (passbook/stmt)	671,426		6.4		0.10	%	622,546		5.8		0.10	%
Money Market	2,535,329		24.0		0.14	%	2,536,971		23.7		0.18	%
CD’s	4,881,849		46.1		0.93	%	5,226,241		48.8		0.92	%
Total	$	10,578,385	100	%	0.48	%	$	10,716,928	100	%	0.51	%

FHLB advances and other borrowings: Total borrowings were $1,730,000,000 as of June 30, 2015 which is lower than the balance as of September 30, 2014 by $200,000,000. In December 2014, there was a prepayment of a FHLB advance of $100,000,000 with a maturity date in September 2015, resulting in a prepayment penalty of $2,613,000. In June 2015, there was a prepayment of a FHLB advance of $100,000,000 with a maturity date in September 2017, resulting in a prepayment penalty of $7,941,000.

RESULTS OF OPERATIONS

Net Income: The quarter ended June 30, 2015 produced net income of $39,050,000 compared to $37,910,000 for the same quarter one year ago. For the nine months endedJune 30, 2015, net income totaled $117,818,000 compared to $116,803,000 for the same period one year ago. Net income for the quarter and nine months endedJune 30, 2015 benefited from higher net interest income and overall lower credit costs, which included the reversal of loan loss provision and net gains rather than losses on real estate acquired through foreclosure for the nine month period. Some of this benefit was offset by higher other expenses during these periods. Please see the discussion below about these changes.

Net Interest Income: For the quarter ended June 30, 2015, net interest income was $2,714,000 lower than in the same quarter of the prior year. Average earning assets were $229,050,000 lower due to repayments of cash and investments that were not completely offset by loan growth. In addition, the yield on interest earning assets declined by 10 basis points and the cost of funds only declined by 9 basis points. The net interest margin decreased to 3.02% from 3.05% in quarter ended June 30, 2014.

Net interest income was $4,402,000 higher for the nine months ended June 30, 2015 as compared to the nine months ended June 30, 2014 as average earnings assets were higher by $302,440,000 and the cost of funds declined as the Company shifted from certificates of deposit to transaction accounts.

The following table sets forth certain information explaining changes in interest income and interest expense for the periods indicated compared to the same periods one year ago. For each category of interest-earning asset and interest-bearing liability, information is provided on changes attributable to (1) changes in volume (changes in volume multiplied by old rate) and (2) changes in rate (changes in rate multiplied by old volume). The change in interest income and interest expense attributable to changes in both volume and rate has been allocated proportionately to the change due to volume and the change due to rate.

51

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Rate / Volume Analysis:

	Comparison of Quarters Ended 6/30/15 and 6/30/14									Comparison of Nine Months Ended 6/30/15 and 6/30/14
	Volume			Rate			Total			Volume			Rate			Total
	(In thousands)									(In thousands)
Interest income:
Loans and covered loans	$	7,510		$	(8,349	)	$	(839	)	$	21,831		$	(18,664	)	$	3,167
Mortgaged-backed securities	(1,848		)	(1,664		)	(3,512		)	(3,041		)	(3,593		)	(6,634		)
Investments (1)	(1,463		)	103			(1,360		)	(195		)	256			61
All interest-earning assets	4,199			(9,910		)	(5,711		)	18,595			(22,001		)	(3,406		)
Interest expense:
Customer accounts	38			(1,791		)	(1,753		)	2,226			(8,239		)	(6,013		)
FHLB advances and other borrowings	(960		)	(284		)	(1,244		)	(2,452		)	657			(1,795		)
All interest-bearing liabilities	(922		)	(2,075		)	(2,997		)	(226		)	(7,582		)	(7,808		)
Change in net interest income	$	5,121		$	(7,835	)	$	(2,714	)	$	18,821		$	(14,419	)	$	4,402

___________________ 

(1) Includes interest on cash equivalents and dividends on FHLB & FRB stock

Provision (Reversal) for Loan Losses: The provision for loan losses amounted to a reversal of provision of $1,932,000 and $11,381,000 for the quarter and nine months endedJune 30, 2015, respectively, as compared to a reversal of provision of $3,000,000 and $11,936,000 for the quarter and nine months endedJune 30, 2014, respectively. The reversals of provision for loan losses are the result of the continued improvement of the Company's loan portfolio. The related improvement in the allowance for loan losses is in response to three primary factors: first, the amount of NPAs improved year-over-year; second, non-accrual loans as a percentage of net loans decreased from 1.30% at June 30, 2014, to 0.76% at June 30, 2015; and third, the percentage of loans 30 days or more delinquent decreased from 1.57% at June 30, 2014, to 0.98% at June 30, 2015.

The Company had net charge-offs of $313,000 for the quarter ended June 30, 2015, compared with $2,219,000 of net recoveries for the same quarter one year ago. Non-performing assets amounted to $128,883,000, or 0.90%, of total assets at June 30, 2015, compared to $162,357,000, or 1.10% of total assets at June 30, 2014. Non-accrual loans decreased from $94,226,000 at June 30, 2014, to $65,308,000 at June 30, 2015, a 30.7% decrease.

Management believes the allowance for loan losses plus the reserve for unfunded commitments, totaling $107,977,000, or 1.17% of gross loans, is sufficient to absorb estimated losses inherent in the portfolio. See Note E for further discussion and analysis of the allowance for loan losses for the quarter ended June 30, 2015.

Other Income: For the quarter and nine months ended June 30, 2015, total other income was $11,811,000 and $28,031,000 as compared to $8,072,000 and $20,562,000 for the quarter and nine months ended June 30, 2014 . Deposit fee income was $5,156,000 and $16,538,000 for the quarter and nine months ended June 30, 2015 compared to $4,036,000 and $9,120,000 for the quarter and nine months ended June 30, 2014. The increase was primarily due to the increase in branches and customers obtained through acquisitions during fiscal 2014. Loan fee income of $1,915,000 and $6,028,000 for the quarter and nine months ended June 30, 2015 was also higher than the same quarter and nine months of the prior year.

The remaining other income was $3,042,000 in the current quarter compared to $1,739,000 in the same quarter of the prior year. During the quarter, there was a $9,639,000 gain on the sale of $235,109,000 in available for sale securities. This was partially offset by a prepayment charge of $7,941,000 due to the payoff of a $100,000,000 Federal Home Loan Bank advance that was accruing interest at 4.49% and was scheduled to expire in September 2017. For the nine months ended June 30, 2015, other income was $6,380,000 compared to $5,774,000 in the same period of the prior year.

52

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART I – Financial Information

Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

Other Expense: The quarter ended June 30, 2015 produced total other expense of $56,719,000 compared to $53,293,000 for the same quarter one year ago, a 6.4% increase. This increase was driven primarily by an increase in employees as well as occupancy, product delivery and marketing expenses related to the branch acquisitions during the 2014 fiscal year.

Total other expense for the quarters ended June 30, 2015 and 2014 equaled 1.57% and 1.47%, respectively, of average assets. The number of staff, including part-time employees on a full-time equivalent basis, was 1,839 and 1,948 at June 30, 2015 and 2014, respectively. Higher staff and occupancy expense were both due to an increase in the number of branches from 231 as of June 30, 2014 to 246 as of June 30, 2015.

Gain (Loss) on Real Estate Acquired Through Foreclosure: Gains (losses) recognized on real estate acquired through foreclosure was a net gain of $3,188,000 and $4,976,000 for the quarter and nine months endedJune 30, 2015, respectively, as compared to a net loss of $2,056,000 and $3,454,000 for the quarter and nine month periods one year ago, respectively. The table below indicates some of the activity in the gain (loss) on real estate acquired through foreclosure in the periods indicated above.

	Quarter Ended June 30,						Nine Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)						(In thousands)
Net Gain on Sale	$	2,970		$	2,466		$	8,446		$	7,161
REO Net Writedowns	(57		)	(2,953		)	(1,489		)	(6,069		)
REO Operating Expenses	275			(1,569		)	(1,982		)	(4,546		)
Gain (loss) on real estate acquired through foreclosure, net	$	3,188		$	(2,056	)	$	4,975		$	(3,454	)

Taxes: Income taxes increased to $21,727,000 for the quarter ended June 30, 2015, as compared to $21,092,000 for the same period one year ago. Income taxes for the nine months endedJune 30, 2015 were $65,556,000 which was similar to the nine months endedJune 30, 2014 as income before taxes was similar. The effective tax rate for both the quarters and nine months endedJune 30, 2015 and June 30, 2014 was 35.75%. The Company expects a lower effective tax rate going forward due to the effects of the addition of Bank owned life insurance and increased investment in low income housing tax credit partnerships.

Item 3.        Quantitative and Qualitative Disclosures About Market Risk

Management believes that there have been no material changes in the Company’s quantitative and qualitative information about market risk since September 30, 2014. For a complete discussion of the Company’s quantitative and qualitative market risk, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s 2014 Form 10-K.

Item 4.        Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures. The Company maintains a set of disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act that are designed to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to the Company's management, including the Company’s President and Chief Executive Officer along with the Company’s Senior Vice President and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Management has evaluated, with the participation of the Company’s President and Chief Executive Officer along with the Company’s Senior Vice President and Chief Financial Officer, the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this quarterly report (the "Evaluation Date"). Based on the evaluation, the Company’s President and Chief Executive Officer along with the Company’s Senior Vice President and Chief Financial Officer have concluded that, as of the Evaluation Date, the Company's disclosure controls and procedures are effective.

(b) Changes in Internal Control over Financial Reporting. During the period to which this report relates, there have not been any changes in the Company's internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or that are reasonably likely to materially affect, such controls.

53

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

PART II – Other Information

Item 1. Legal Proceedings

From time to time the Company and its subsidiaries are engaged in legal proceedings in the ordinary course of business, none of which are considered to have a material impact on the Company’s financial position or results of operations.

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed under "Part I--Item 1A--Risk Factors" in the 2014 Form 10-K for the year ended September 30, 2014. These factors could materially and adversely affect the Company's business, financial condition, liquidity, results of operations and capital position, and could cause its actual results to differ materially from our historical results or the results contemplated by the forward-looking statements contained in this report.

Item 2.        Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information with respect to purchases made by or on behalf of the Company of the Company’s common stock during the three months ended June 30, 2015.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of  Publicly Announced Plan (1)	Maximum Number of Shares That May Yet Be Purchased Under the Plan at the End of the Period
April 1, 2015 to April 30, 2015	278,327	$	22.08	278,327	6,147,942
May 1, 2015 to May 31, 2015	787,647	21.87		787,647	5,360,295
June 1, 2015 to June 30, 2015	105,688	22.00		105,688	5,254,607
Total	1,171,662	$	21.93	1,171,662	5,254,607

 ___________________

(1) The Company's only stock repurchase program was publicly announced by its Board of Directors on February 3, 1995 and has no expiration date. Under this ongoing program, a total of 46,956,264 shares have been authorized for repurchase. This includes the authorization of an additional 5 million shares that may be repurchased under Washington Federal's share repurchase program that was announced in May 2015.

Item 3.        Defaults Upon Senior Securities

Not applicable

Item 4.        Mine Safety Disclosures

Not applicable

Item 5.        Other Information

Not applicable

Item 6.        Exhibits

54

(a)	Exhibits
	31.1	Section 302 Certification by the Chief Executive Officer
	31.2	Section 302 Certification by the Chief Financial Officer
	32	Section 906 Certification by the Chief Executive Officer and the Chief Financial Officer
	101	Financial Statements from the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2015 formatted in XBRL

55

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

SIGNATURES

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

August 7, 2015	/S/    ROY M. WHITEHEAD
	ROY M. WHITEHEAD Chairman, President and Chief Executive Officer
August 7, 2015	/S/    DIANE L. KELLEHER
	DIANE L. KELLEHER Senior Vice President and Chief Financial Officer

56

EX-31.1

Exhibit 31.1

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Roy M. Whitehead, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Washington Federal, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 7, 2015	/s/ Roy M. Whitehead
		ROY M. WHITEHEAD Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

I, Diane L. Kelleher, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Washington Federal, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this quarterly report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 7, 2015	/s/ Diane L. Kelleher
		DIANE L. KELLEHER
		Senior Vice President and Chief Financial Officer

EX-32

Exhibit 32

WASHINGTON FEDERAL, INC. AND SUBSIDIARIES

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Washington Federal, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the undersigned's best knowledge and belief:

(a) the Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(b) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 7, 2015

Washington Federal, Inc.

(Company)

/s/ Roy M. Whitehead

ROY M. WHITEHEAD

Chairman, President and Chief Executive Officer

/s/ Diane L. Kelleher

DIANE L. KELLEHER

Senior Vice President and Chief Financial Officer

XML

Allowance for Losses on Loans - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 9,256,701	$ 8,669,717
Nonaccrual loans by portfolio segment	65,308	87,431
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 8,467,685	$ 8,321,591
Total grade as a % of total net loans	99.20%	99.00%
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 128,883	$ 147,311
Total grade as a % of total net loans	0.90%	1.00%
Nonaccrual loans by portfolio segment	$ 65,308	$ 87,431
Grade as a percentage of total gross loans	0.80%	1.00%
Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 5,568,929	$ 5,572,244
Nonaccrual loans by portfolio segment	56,638	74,067
Single-Family Residential [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 5,490,303	$ 5,486,136
Total grade as a % of total net loans	99.00%	98.70%
Single-Family Residential [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 56,638	$ 74,067
Grade as a percentage of total gross loans	1.00%	1.30%
Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 181,668	$ 140,060
Nonaccrual loans by portfolio segment	762	1,477
Construction - Speculative [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 116,949	$ 138,583
Total grade as a % of total net loans	99.40%	98.90%
Construction - Speculative [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 762	$ 1,477
Grade as a percentage of total gross loans	0.60%	1.10%
Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 375,425	$ 385,824
Nonaccrual loans by portfolio segment	355	0
Construction - Custom [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 204,559	$ 385,824
Total grade as a % of total net loans	99.80%	100.00%
Construction - Custom [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 355	$ 0
Grade as a percentage of total gross loans	0.20%	0.00%
Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 90,252	$ 80,359
Nonaccrual loans by portfolio segment	0	811
Land - Acquisition & Development [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 71,471	$ 77,021
Total grade as a % of total net loans	100.00%	99.00%
Land - Acquisition & Development [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 0	$ 811
Grade as a percentage of total gross loans	0.00%	1.00%
Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 105,463	$ 111,130
Nonaccrual loans by portfolio segment	1,308	2,637
Land - Consumer Lot Loans [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 101,128	$ 105,986
Total grade as a % of total net loans	98.40%	97.60%
Land - Consumer Lot Loans [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 1,308	$ 2,637
Grade as a percentage of total gross loans	1.60%	2.40%
Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 1,093,374	$ 920,285
Nonaccrual loans by portfolio segment	786	1,742
Multi-Family [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 1,012,250	$ 915,544
Total grade as a % of total net loans	99.80%	99.80%
Multi-Family [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 786	$ 1,742
Grade as a percentage of total gross loans	0.20%	0.20%
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 981,824	$ 752,957
Nonaccrual loans by portfolio segment	2,852	5,106
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 693,479	$ 586,230
Total grade as a % of total net loans	99.70%	99.10%
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 2,852	$ 5,106
Grade as a percentage of total gross loans	0.30%	0.90%
Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 512,973	$ 434,088
Nonaccrual loans by portfolio segment	1,205	7
Commercial & Industrial [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 450,124	$ 379,219
Total grade as a % of total net loans	99.80%	100.00%
Commercial & Industrial [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 1,205	$ 7
Grade as a percentage of total gross loans	0.20%	0.00%
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 137,837	$ 134,455
Nonaccrual loans by portfolio segment	889	795
HELOC [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 121,985	$ 115,247
Total grade as a % of total net loans	99.30%	99.30%
HELOC [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 889	$ 795
Grade as a percentage of total gross loans	0.70%	0.70%
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 208,956	$ 138,315
Nonaccrual loans by portfolio segment	513	789
Consumer [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 205,437	$ 131,801
Total grade as a % of total net loans	99.80%	99.40%
Consumer [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual loans by portfolio segment	$ 513	$ 789
Grade as a percentage of total gross loans	0.20%	0.60%

XML

Covered Assets - FDIC Indemnification Asset (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
FDIC Indemnification Asset Movement Analysis [Roll Forward]
Balance at beginning of period	$ 36,860	$ 64,615
Additions and deletions	(1,795)	1,795
Payments made (received)	714	(2,502)
Amortization	(17,418)	(27,850)
Accretion	422	802
Balance at end of period	$ 18,783	$ 36,860

XML

Loans Receivable (excluding Covered Loans) - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015 USD ($) contract	Jun. 30, 2014 USD ($) contract	Jun. 30, 2015 USD ($) contract	Jun. 30, 2014 USD ($) contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	10	58	71	221
Pre-modification outstanding recorded investment	$ 1,814	$ 13,420	$ 19,308	$ 51,500
Post-modification outstanding recorded investment	$ 1,814	$ 13,420	$ 19,308	$ 51,500
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	8	48	57	199
Pre-modification outstanding recorded investment	$ 1,611	$ 10,693	$ 13,875	$ 45,132
Post-modification outstanding recorded investment	$ 1,611	$ 10,693	$ 13,875	$ 45,132
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract			2	0
Pre-modification outstanding recorded investment			$ 718	$ 0
Post-modification outstanding recorded investment			$ 718	$ 0
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract			2	0
Pre-modification outstanding recorded investment			$ 532	$ 0
Post-modification outstanding recorded investment			$ 532	$ 0
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	0	3
Pre-modification outstanding recorded investment	$ 0	$ 756
Post-modification outstanding recorded investment	$ 0	$ 756
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	2	5	6	10
Pre-modification outstanding recorded investment	$ 203	$ 573	$ 923	$ 1,746
Post-modification outstanding recorded investment	$ 203	$ 573	$ 923	$ 1,746
Multi-Family Housing Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract			0	2
Pre-modification outstanding recorded investment			$ 0	$ 1,201
Post-modification outstanding recorded investment			$ 0	$ 1,201
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	0	2	3	3
Pre-modification outstanding recorded investment	$ 0	$ 1,398	$ 3,175	$ 2,197
Post-modification outstanding recorded investment	$ 0	$ 1,398	$ 3,175	$ 2,197
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract			0	1
Pre-modification outstanding recorded investment			$ 0	$ 261
Post-modification outstanding recorded investment			$ 0	$ 261
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract			1	3
Pre-modification outstanding recorded investment			$ 85	$ 207
Post-modification outstanding recorded investment			$ 85	$ 207

XML

Acquisitions - Narrative (Details) - Bank of America, National Association [Member] $ in Thousands	Sep. 30, 2014 USD ($) branch	May. 02, 2014 branch	Dec. 06, 2013 branch	Oct. 31, 2013 branch
Business Acquisition [Line Items]
Number of branches acquired (in branches) | branch	74
Customer accounts	$ 1,853,798
Loans receivable, net	12,881
Property and equipment, net	$ 25,097
Premium on deposits	1.99%
Cash	$ 1,776,660
Core deposit intangible	11,040
Goodwill	$ 31,225
New Mexico [Member]
Business Acquisition [Line Items]
Number of branches acquired (in branches) | branch				11
Washington, Oregon, and Idaho [Member]
Business Acquisition [Line Items]
Number of branches acquired (in branches) | branch			40
Arizona and Nevada [Member]
Business Acquisition [Line Items]
Number of branches acquired (in branches) | branch		23

XML

Covered Assets - Aging Analysis of Non-Credit Impaired Loans (Details) - Acquired Non Impaired Assets [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans	$ 25,135	$ 100,161
Covered loans, current	24,532	98,342
Covered loans, 30 days	10	241
Covered loans, 60 days	214	40
Covered assets, 90 days	379	1,538
Total Past Due	$ 603	$ 1,819
% based on $	2.40%	1.82%
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans	$ 15,893	$ 23,067
Covered loans, current	15,300	22,391
Covered loans, 30 days	0	230
Covered loans, 60 days	214	40
Covered assets, 90 days	379	406
Total Past Due	$ 593	$ 676
% based on $	3.73%	2.93%
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans		$ 1,364
Covered loans, current		1,328
Covered loans, 30 days		0
Covered loans, 60 days		0
Covered assets, 90 days		36
Total Past Due		$ 36
% based on $		2.64%
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans		$ 73
Covered loans, current		73
Covered loans, 30 days		0
Covered loans, 60 days		0
Covered assets, 90 days		0
Total Past Due		$ 0
% based on $		0.00%
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans		$ 6,598
Covered loans, current		5,502
Covered loans, 30 days		0
Covered loans, 60 days		0
Covered assets, 90 days		1,096
Total Past Due		$ 1,096
% based on $		16.61%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans		$ 51,336
Covered loans, current		51,336
Covered loans, 30 days		0
Covered loans, 60 days		0
Covered assets, 90 days		0
Total Past Due		$ 0
% based on $		0.00%
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans	$ 28	$ 5,492
Covered loans, current	28	5,492
Covered loans, 30 days	0	0
Covered loans, 60 days	0	0
Covered assets, 90 days	0	0
Total Past Due	$ 0	$ 0
% based on $	0.00%	0.00%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans	$ 9,214	$ 11,777
Covered loans, current	9,204	11,777
Covered loans, 30 days	10	0
Covered loans, 60 days	0	0
Covered assets, 90 days	0	0
Total Past Due	$ 10	$ 0
% based on $	0.11%	0.00%
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered loans		$ 454
Covered loans, current		443
Covered loans, 30 days		11
Covered loans, 60 days		0
Covered assets, 90 days		0
Total Past Due		$ 11
% based on $		2.42%

XML

Fair Value Measurements - Fair Value by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	$ 2,624,374	$ 3,049,442
Held-to-maturity securities	1,553,716	1,499,218
FHLB and FRB stock	103,189	158,839
Bank owned life insurance	101,720	0
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	2,624,374	3,049,442
Held-to-maturity securities	1,586,514	1,548,265
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	349,550	781,843
Bank owned life insurance	101,720	0
Other assets - interest rate contracts	5,429	2,879
Level 1 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	349,550	781,843
Bank owned life insurance	101,720	0
Other assets - interest rate contracts	0	0
Level 1 [Member] | Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	102,447	101,387
Level 1 [Member] | Equity Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	102,447	101,387
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and FRB stock	103,189	158,839
Customer accounts	9,830,817	9,946,586
FHLB advances	1,833,413	2,054,437
Other liabilities - interest rate contracts	5,429	2,879
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	3,914	268
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
FHLB and FRB stock	103,189	158,839
Customer accounts	10,578,385	10,716,928
FHLB advances	1,730,000	1,930,000
Other liabilities - interest rate contracts	0	0
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	0	0
Level 2 [Member] | Agency Pass-through Certificates [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	1,553,716	1,499,218
Level 2 [Member] | Agency Pass-through Certificates [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity securities	1,586,514	1,548,265
Level 2 [Member] | US Treasury and Government [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	529,472	731,943
Level 2 [Member] | US Treasury and Government [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	529,472	731,943
Level 2 [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	27,275	23,681
Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	27,275	23,681
Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	528,716	509,007
Level 2 [Member] | Corporate Debt Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	528,716	509,007
Level 2 [Member] | Agency Pass-through Certificates [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	1,328,852	1,584,508
Level 2 [Member] | Agency Pass-through Certificates [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	1,328,852	1,584,508
Level 2 [Member] | Other Commercial Mortgage-Backed Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	107,612	98,916
Level 2 [Member] | Other Commercial Mortgage-Backed Securities [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available-for-sale securities	107,612	98,916
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	9,175,928	8,667,771
Covered loans	81,737	176,761
FDIC indemnification asset	18,263	35,976
Level 3 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable	8,645,609	8,148,322
Covered loans	77,311	176,476
FDIC indemnification asset	$ 18,783	$ 36,860

XML

Allowance for Losses on Loans - Loans Evaluated for Impairment (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 105,611	$ 108,323	$ 112,347	$ 114,150	$ 114,931	$ 116,741
Loans receivable, gross	9,256,701		8,669,717
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	52,004	54,762	62,763	62,360	63,348	64,184
Loans receivable, gross	5,568,929		5,572,244
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	5,933	5,445	6,742	6,387	6,773	8,407
Loans receivable, gross	181,668		140,060
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	985	968	1,695	1,678	1,599	882
Loans receivable, gross	375,425		385,824
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	5,772	7,405	5,592	6,955	6,027	9,165
Loans receivable, gross	90,252		80,359
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	2,999	3,035	3,077	2,862	2,974	3,552
Loans receivable, gross	105,463		111,130
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	5,035	4,673	4,248	4,141	4,187	3,816
Loans receivable, gross	1,093,374		920,285
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	7,268	6,734	7,548	6,689	5,924	5,595
Loans receivable, gross	981,824		752,957
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	21,662	21,146	16,527	18,696	20,403	16,614
Loans receivable, gross	512,973		434,088
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	864	850	928	1,015	975	1,002
Loans receivable, gross	137,837		134,455
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	3,089	$ 3,305	3,227	$ 3,367	$ 2,721	$ 3,524
Loans receivable, gross	208,956		138,315
Loans Collectively Evaluated for Impairment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	105,611		112,287
Loans receivable, gross	$ 8,478,557		$ 8,316,874
Ratio	1.30%		1.40%
Loans Collectively Evaluated for Impairment [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 52,004		$ 62,067
Loans receivable, gross	$ 5,497,635		$ 5,487,331
Ratio	1.00%		1.10%
Loans Collectively Evaluated for Impairment [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 5,933		$ 6,682
Loans receivable, gross	$ 110,727		$ 130,901
Ratio	5.40%		5.50%
Loans Collectively Evaluated for Impairment [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 985		$ 1,695
Loans receivable, gross	$ 204,914		$ 385,464
Ratio	0.50%		0.50%
Loans Collectively Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 5,772		$ 5,592
Loans receivable, gross	$ 68,234		$ 73,999
Ratio	8.50%		7.60%
Loans Collectively Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 2,999		$ 3,077
Loans receivable, gross	$ 91,392		$ 95,684
Ratio	3.30%		3.20%
Loans Collectively Evaluated for Impairment [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 5,035		$ 4,248
Loans receivable, gross	$ 1,008,452		$ 911,162
Ratio	0.50%		0.50%
Loans Collectively Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 7,268		$ 7,548
Loans receivable, gross	$ 685,198		$ 563,534
Ratio	1.10%		1.40%
Loans Collectively Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 21,662		$ 17,223
Loans receivable, gross	$ 484,902		$ 421,816
Ratio	4.50%		4.60%
Loans Collectively Evaluated for Impairment [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 864		$ 928
Loans receivable, gross	$ 121,241		$ 114,393
Ratio	0.70%		0.90%
Loans Collectively Evaluated for Impairment [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 3,089		$ 3,227
Loans receivable, gross	$ 205,862		$ 132,590
Ratio	1.50%		2.40%
Loans Individually Evaluated for Impairment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 60
Loans receivable, gross	$ 88,008		$ 134,736
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 49,305		$ 72,869
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 60
Loans receivable, gross	$ 6,983		$ 9,159
Ratio	0.00%		0.70%
Loans Individually Evaluated for Impairment [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 0		$ 360
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 3,237		$ 3,833
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 11,044		$ 12,939
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 4,584		$ 6,124
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 11,133		$ 27,802
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 0		$ 0
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 1,633		$ 1,650
Ratio	0.00%		0.00%
Loans Individually Evaluated for Impairment [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for probable losses	$ 0		$ 0
Loans receivable, gross	$ 89		$ 0
Ratio	0.00%		0.00%

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Covered Assets - Acquired Impaired and Non-impaired Covered Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretion, carrying amount of loans	$ 422	$ 802
Acquired Impaired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, accretable yield	64,534	78,277
Balance at beginning of period, carrying amount of loans	78,055	138,091
Transferred to non-covered, accretable yield	(23,167)
Transferred to non-covered, carrying amount	(15,866)
Reclassification from nonaccretable balance, net, accretable yield	6,307	10,186
Reclassification from nonaccretable balance, net, Carrying Amount of Loans	0	2,069
Accretion, accretable yield	(11,577)	(23,929)
Accretion, carrying amount of loans	11,577	23,929
Transfers to REO, accretable yield	0	0
Transfers to REO, carrying amount of loans	(1,893)	(8,943)
Payments received, net, accretable yield	0	0
Payments received, net, carrying amount of loans	(19,845)	(72,953)
Balance at end of period, accretable yield	36,097	64,534
Balance at end of period, carrying amount of loans	52,028	78,055
Acquired Non Impaired Assets [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, accretable yield	10,259	17,263
Balance at beginning of period, carrying amount of loans	98,422	157,856
Transferred to non-covered, accretable yield	(1,482)
Transferred to non-covered, carrying amount	(33,649)
Reclassification from nonaccretable balance, net, accretable yield	0	0
Reclassification from nonaccretable balance, net, Carrying Amount of Loans	0	0
Accretion, accretable yield	(4,358)	(7,004)
Accretion, carrying amount of loans	4,358	7,004
Transfers to REO, accretable yield	0	0
Transfers to REO, carrying amount of loans	0	0
Payments received, net, accretable yield	0	0
Payments received, net, carrying amount of loans	(43,848)	(66,438)
Balance at end of period, accretable yield	4,419	10,259
Balance at end of period, carrying amount of loans	$ 25,283	$ 98,422

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Acquisitions

9 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Acquisitions

Acquisitions

There were no acquisitions completed during the nine months endedJune 30, 2015. During the 2014 fiscal year, the Bank acquired seventy-four branches from Bank of America, National Association. Effective as of the close of business on October 31, 2013, the Bank completed the acquisition of eleven branches that are located in New Mexico. Effective as of the close of business on December 6, 2013, the Bank completed the acquisition of another forty branches that are located in Washington, Oregon, and Idaho. Effective as of the close of business on May 2, 2014, the Bank completed the acquisition of another twenty-three branches that are located in Arizona and Nevada. Management believes that these transactions represent a significant enhancement of our branch network. These transactions have brought new customers to the Bank and improved the deposit mix and reduced overall funding costs.

The combined acquisitions provided $1,853,798,000 in deposit accounts, $12,881,000 in loans, and $25,097,000 in branch properties. The Bank paid a 1.99% premium on the total deposits and received $1,776,660,000 in cash from the transactions. The acquisition method of accounting was used to account for the acquisitions. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values. The Bank recorded $11,040,000 in core deposit intangible and $31,225,000 in goodwill related to these transactions.

The operating results include the operating results produced by the first eleven branches for the period from November 1, 2013 to June 30, 2015, for the additional forty branches from December 7, 2013 to June 30, 2015, and for the most recent twenty-three branches from May 3, 2014 to June 30, 2015.

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed during fiscal year 2014:

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash	$	1,776,660
Loans receivable, net	12,881
Property and equipment, net	25,097
Core deposit intangible	11,040
Goodwill	31,225
Other assets	70
Total Assets	1,856,973
Liabilities:
Customer accounts	1,853,798
Other liabilities	3,175
Total Liabilities	1,856,973
Net assets acquired	$	—

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Fair Value Measurements - Investments by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Amortized Cost, Available-for-sale securities
Amortized Cost	$ 2,603,097	$ 3,016,432
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains	27,339	37,273
Gross unrealized loss	(6,062)	(4,263)
Fair Value, Available-for-sale securities
Available-for-sale securities, at fair value	$ 2,624,374	$ 3,049,442
Yield, Available-for-sale securities
Yield	2.00%	1.99%
Yield, Held-to-maturity securities
Investments	$ 4,189,611	$ 4,564,697
Gross unrealized gains on investments	33,532	42,128
Gross unrealized losses on investments	(45,053)	(58,165)
Total financial assets	$ 4,178,090	$ 4,548,660
Yield on investments	2.43%	2.38%
US Treasury and Government [Member]
Amortized Cost, Available-for-sale securities
1 to 5 years	$ 135,967	$ 171,154
5 to 10 years	75,441	203,317
Over 10 years	316,929	354,828
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, 1 to 5 years	2,078	2,585
Gross unrealized gains, 5 to 10 years	149	300
Gross unrealized gains, Over 10 years	435	1,028
Gross unrealized losses, 1 to 5 years	(460)	(748)
Gross unrealized losses, 5 to 10 years	(7)	(102)
Gross unrealized losses, Over 10 years	(1,060)	(419)
Fair Value, Available-for-sale securities
1 to 5 years	137,585	172,991
5 to 10 years	75,583	203,515
Over 10 years	$ 316,304	$ 355,437
Yield, Available-for-sale securities
1 to 5 years	1.43%	1.26%
5 to 10 years	1.20%	1.45%
Over 10 years	1.31%	1.25%
Equity Securities [Member]
Amortized Cost, Available-for-sale securities
Within 1 year	$ 500
1 to 5 years	100,000	$ 100,500
5 to 10 years	0
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Within 1 year	18
Gross unrealized gains, 1 to 5 years	1,929	887
Gross unrealized gains, 5 to 10 years	0
Gross unrealized losses, Within 1 year	0
Gross unrealized losses, 1 to 5 years	0	0
Gross unrealized losses, 5 to 10 years	0
Fair Value, Available-for-sale securities
Within 1 year	518
1 to 5 years	101,929	$ 101,387
5 to 10 years	$ 0
Yield, Available-for-sale securities
Within 1 year	1.80%
1 to 5 years	1.90%	1.90%
5 to 10 years	0.00%
Corporate Debt Securities [Member]
Amortized Cost, Available-for-sale securities
Within 1 year	$ 39,702	$ 15,000
1 to 5 years	303,094	302,540
5 to 10 years	133,306	138,201
Over 10 years	50,000	50,000
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Within 1 year	283	75
Gross unrealized gains, 1 to 5 years	1,414	2,372
Gross unrealized gains, 5 to 10 years	1,814	1,789
Gross unrealized gains, Over 10 years	750	0
Gross unrealized losses, Within 1 year	0	0
Gross unrealized losses, 1 to 5 years	0	0
Gross unrealized losses, 5 to 10 years	(1,647)	(970)
Gross unrealized losses, Over 10 years	0	0
Fair Value, Available-for-sale securities
Within 1 year	39,985	15,075
1 to 5 years	304,508	304,912
5 to 10 years	133,473	139,020
Over 10 years	$ 50,750	$ 50,000
Yield, Available-for-sale securities
Within 1 year	0.68%	1.00%
1 to 5 years	0.81%	0.71%
5 to 10 years	1.54%	1.43%
Over 10 years	3.00%	3.00%
Municipal Bonds [Member]
Amortized Cost, Available-for-sale securities
1 to 5 years	$ 2,278
5 to 10 years	1,295
Over 10 years	20,387	$ 20,402
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, 1 to 5 years	0
Gross unrealized gains, 5 to 10 years	0
Gross unrealized gains, Over 10 years	3,330	3,279
Gross unrealized losses, 1 to 5 years	(1)
Gross unrealized losses, 5 to 10 years	(14)
Gross unrealized losses, Over 10 years	0	0
Fair Value, Available-for-sale securities
1 to 5 years	2,277
5 to 10 years	1,281
Over 10 years	$ 23,717	$ 23,681
Yield, Available-for-sale securities
1 to 5 years	1.23%
5 to 10 years	2.05%
Over 10 years	6.45%	6.45%
Agency Pass-through Certificates [Member]
Amortized Cost, Available-for-sale securities
Without single maturity date	$ 1,316,686	$ 1,561,639
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Without single maturity date	14,988	24,893
Gross unrealized losses, Without single maturity date	(2,822)	(2,024)
Fair Value, Available-for-sale securities
Without single maturity date	$ 1,328,852	$ 1,584,508
Yield, Available-for-sale securities
Without single maturity date	2.58%	2.57%
Amortized Cost, Held-to-maturity securities
Without single maturity date	$ 1,586,514	$ 1,548,265
Gross Unrealized Gains / Losses, Held-to-maturity securities
Gross unrealized gains, Without single maturity date	6,193	4,855
Gross unrealized losses, Without single maturity date	(38,991)	(53,902)
Fair Value, Held-to-maturity securities
Without single maturity date	$ 1,553,716	$ 1,499,218
Yield, Held-to-maturity securities
Without a single maturity date	3.16%	3.13%
Commercial Mortgage Backed Securities [Member]
Amortized Cost, Available-for-sale securities
Without single maturity date	$ 107,512	$ 98,851
Gross Unrealized Gains / Losses, Available-for-sale securities
Gross unrealized gains, Without single maturity date	151	65
Gross unrealized losses, Without single maturity date	(51)	0
Fair Value, Available-for-sale securities
Without single maturity date	$ 107,612	$ 98,916
Yield, Available-for-sale securities
Without single maturity date	1.48%	1.49%

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Loans Receivable (excluding Covered Loans) - Schedule of Changes in the Accretable Yield for Acquired Loans (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Accretion, carrying amount of loans	$ 422		$ 802
Credit Impaired Acquired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, accretable yield	32,591	$ 37,236	37,236
Balance at beginning of period, carrying amount of loans	57,771	69,718	69,718
Reclassification from nonaccretable balance, net, accretable yield		(7,300)
Reclassification from nonaccretable balance, net, carrying value of loans		0
Transfer from covered loans, accretable yield	23,167
Transfer from covered loans, carrying amount of loans	15,866
Additions, accretable yield	0
Additions, carrying amount of loans	0
Accretion, accretable yield	(11,501)	(8,884)
Accretion, carrying amount of loans	11,501	8,884
Transfers to REO, accretable yield	0	0
Transfers to REO, carrying amount of loans	(458)	(1,188)
Payments received, net, accretable yield	0	0
Payments received, net, carrying amount of loans	(18,140)	(17,616)
Balance at end of period, accretable yield	44,257	35,652	32,591
Balance at end of period, carrying amount of loans	66,540	59,798	57,771
Acquired Non-Impaired Loans [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Balance at beginning of period, accretable yield	4,254	4,977	4,977
Balance at beginning of period, carrying amount of loans	177,440	245,373	245,373
Reclassification from nonaccretable balance, net, accretable yield		0
Reclassification from nonaccretable balance, net, carrying value of loans		0
Transfer from covered loans, accretable yield	1,482
Transfer from covered loans, carrying amount of loans	33,649
Additions, accretable yield	346
Additions, carrying amount of loans	0
Accretion, accretable yield	(2,427)	(606)
Accretion, carrying amount of loans	2,427	606
Transfers to REO, accretable yield	0	0
Transfers to REO, carrying amount of loans	0	(4,710)
Payments received, net, accretable yield	0	0
Payments received, net, carrying amount of loans	(27,556)	(48,988)
Balance at end of period, accretable yield	3,655	4,371	4,254
Balance at end of period, carrying amount of loans	$ 185,960	$ 192,281	$ 177,440

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Loans Receivable (excluding Covered Loans) - Schedule of Accounts, Notes, Loans, and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 9,256,701		$ 8,669,717
Ratio of type of loan to total loans receivable	100.00%		100.00%
Allowance for probable losses	$ 105,611	$ 108,323	$ 112,347	$ 114,150	$ 114,931	$ 116,741
Loans in process	438,941		346,172
Discount on acquired loans	28,399		25,391
Deferred net origination fees	38,141		37,485
Charges against loans receivable	611,092		521,395
Loans receivable, net	8,645,609		8,148,322
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 5,568,929		$ 5,572,244
Ratio of type of loan to total loans receivable	60.30%		64.20%
Allowance for probable losses	$ 52,004	54,762	$ 62,763	62,360	63,348	64,184
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 181,668		$ 140,060
Ratio of type of loan to total loans receivable	2.00%		1.60%
Allowance for probable losses	$ 5,933	5,445	$ 6,742	6,387	6,773	8,407
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 375,425		$ 385,824
Ratio of type of loan to total loans receivable	4.10%		4.50%
Allowance for probable losses	$ 985	968	$ 1,695	1,678	1,599	882
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 90,252		$ 80,359
Ratio of type of loan to total loans receivable	0.90%		0.90%
Allowance for probable losses	$ 5,772	7,405	$ 5,592	6,955	6,027	9,165
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 105,463		$ 111,130
Ratio of type of loan to total loans receivable	1.10%		1.30%
Allowance for probable losses	$ 2,999	3,035	$ 3,077	2,862	2,974	3,552
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 1,093,374		$ 920,285
Ratio of type of loan to total loans receivable	11.80%		10.60%
Allowance for probable losses	$ 5,035	4,673	$ 4,248	4,141	4,187	3,816
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 981,824		$ 752,957
Ratio of type of loan to total loans receivable	10.60%		8.70%
Allowance for probable losses	$ 7,268	6,734	$ 7,548	6,689	5,924	5,595
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 512,973		$ 434,088
Ratio of type of loan to total loans receivable	5.50%		5.00%
Allowance for probable losses	$ 21,662	21,146	$ 16,527	18,696	20,403	16,614
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 137,837		$ 134,455
Ratio of type of loan to total loans receivable	1.50%		1.60%
Allowance for probable losses	$ 864	850	$ 928	1,015	975	1,002
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 208,956		$ 138,315
Ratio of type of loan to total loans receivable	2.20%		1.60%
Allowance for probable losses	$ 3,089	$ 3,305	$ 3,227	$ 3,367	$ 2,721	$ 3,524
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 8,975,217		$ 8,409,022
Ratio of type of loan to total loans receivable	97.10%		97.20%
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 5,549,746		$ 5,560,203
Ratio of type of loan to total loans receivable	60.10%		64.10%
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 181,668		$ 140,060
Ratio of type of loan to total loans receivable	2.00%		1.60%
Non-Acquired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 375,425		$ 385,824
Ratio of type of loan to total loans receivable	4.10%		4.50%
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 87,382		$ 77,832
Ratio of type of loan to total loans receivable	0.90%		0.90%
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 102,495		$ 108,623
Ratio of type of loan to total loans receivable	1.10%		1.30%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 1,089,682		$ 917,286
Ratio of type of loan to total loans receivable	11.80%		10.60%
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 808,539		$ 591,336
Ratio of type of loan to total loans receivable	8.70%		6.90%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 451,478		$ 379,226
Ratio of type of loan to total loans receivable	4.90%		4.40%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 122,870		$ 116,042
Ratio of type of loan to total loans receivable	1.30%		1.40%
Non-Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 205,932		$ 132,590
Ratio of type of loan to total loans receivable	2.20%		1.50%
Acquired Non-Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 189,120		$ 181,355
Ratio of type of loan to total loans receivable	1.90%		2.00%
Acquired Non-Impaired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 12,895		$ 11,716
Ratio of type of loan to total loans receivable	0.10%		0.10%
Acquired Non-Impaired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 0		$ 0
Ratio of type of loan to total loans receivable	0.00%		0.00%
Acquired Non-Impaired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 0		$ 0
Ratio of type of loan to total loans receivable	0.00%		0.00%
Acquired Non-Impaired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 1,028		$ 905
Ratio of type of loan to total loans receivable	0.00%		0.00%
Acquired Non-Impaired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 2,472		$ 2,507
Ratio of type of loan to total loans receivable	0.00%		0.00%
Acquired Non-Impaired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 3,692		$ 2,999
Ratio of type of loan to total loans receivable	0.00%		0.00%
Acquired Non-Impaired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 102,089		$ 97,898
Ratio of type of loan to total loans receivable	1.10%		1.10%
Acquired Non-Impaired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 57,614		$ 51,386
Ratio of type of loan to total loans receivable	0.60%		0.60%
Acquired Non-Impaired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 6,414		$ 8,274
Ratio of type of loan to total loans receivable	0.10%		0.10%
Acquired Non-Impaired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 2,916		$ 5,670
Ratio of type of loan to total loans receivable	0.00%		0.10%
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 92,364		$ 79,340
Ratio of type of loan to total loans receivable	1.00%		0.80%
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 6,288		$ 325
Ratio of type of loan to total loans receivable	0.10%		0.00%
Credit Impaired Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 0		$ 0
Ratio of type of loan to total loans receivable	0.00%		0.00%
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 1,842		$ 1,622
Ratio of type of loan to total loans receivable	0.00%		0.00%
Credit Impaired Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 496		$ 0
Ratio of type of loan to total loans receivable	0.00%		0.00%
Credit Impaired Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 0		$ 0
Ratio of type of loan to total loans receivable	0.00%		0.00%
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 71,196		$ 63,723
Ratio of type of loan to total loans receivable	0.80%		0.70%
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 3,881		$ 3,476
Ratio of type of loan to total loans receivable	0.00%		0.00%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 8,553		$ 10,139
Ratio of type of loan to total loans receivable	0.10%		0.10%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 108		$ 55
Ratio of type of loan to total loans receivable	0.00%		0.00%

XML

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value Disclosures [Abstract]
Proceeds on available-for-sale securities sold	$ 238,000,000	$ 0	$ 244,749,000	$ 0
Gain (loss) on available-for-sale securities sold	$ 9,639,000
Term of contractual due dates of substantially all mortgage-backed securities			10 years

XML

Loans Receivable (excluding Covered Loans) - Loans on Non-accrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 65,308	$ 87,431
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	100.00%	100.00%
Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 56,638	$ 74,067
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	86.70%	84.80%
Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 762	$ 1,477
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	1.20%	1.70%
Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 355	$ 0
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.50%	0.00%
Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 0	$ 811
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.00%	0.90%
Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 1,308	$ 2,637
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	2.00%	3.00%
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 786	$ 1,742
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	1.20%	2.00%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 2,852	$ 5,106
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	4.40%	5.80%
Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 1,205	$ 7
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	1.80%	0.00%
HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 889	$ 795
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	1.40%	0.90%
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual of interest	$ 513	$ 789
Ratio of nonaccrual loan by portfolio segment to total loans on nonaccrual status	0.80%	0.90%

XML

Loans Receivable (excluding Covered Loans) - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans by portfolio segment	$ 5,272
Impaired, interest lost on nonaccrual loans	2,421
Recorded investment, less than 90 days past due, classified as substandard	$ 8,731,344	$ 8,203,280
Basis point reduction, minimum	100.00%
Basis point reduction, maximum	200.00%
Percentage of restructured loans	85.70%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term for payment and rate reduction	6 months
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term for payment and rate reduction	12 months
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment, less than 90 days past due, classified as substandard	$ 94,346

XML

Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Nature of Operations - Washington Federal, Inc. is a Washington corporation headquartered in Seattle, Washington. The Company is a bank holding company that conducts its operations through a federally-insured national bank subsidiary. The Bank is principally engaged in the business of attracting deposits from the general public and investing these funds, together with borrowings and other funds, in one-to-four family residential real estate loans, multi-family real estate loans and commercial loans. As used throughout this document, the terms "Washington Federal" or the "Company" refer to Washington Federal, Inc. and its consolidated subsidiaries and the term "Bank" refers to the operating subsidiary Washington Federal, National Association.

Basis of Presentation - The consolidated unaudited interim financial statements included in this report have been prepared by Washington Federal. All intercompany transactions and accounts have been eliminated in consolidation. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect amounts reported in the financial statements. Actual results could differ from these estimates. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation are reflected in the interim financial statements. The September 30, 2014 Consolidated Statement of Financial Condition was derived from audited financial statements.

The information included in this Form 10-Q should be read in conjunction with the financial statements and related notes in the Company's 2014 Annual Report on Form 10-K (“2014 Form 10-K”) as filed with the SEC. Interim results are not necessarily indicative of results for a full year.

Summary of Significant Accounting Policies - The significant accounting policies used in preparation of the Company's consolidated financial statements are disclosed in its 2014 Form10-K. Other than the reclassifications discussed below, there have not been any material changes in our significant accounting policies compared to those contained in our 2014 Form 10-K disclosure for the year ended September 30, 2014.

Off-Balance-Sheet Credit Exposures – The only material off-balance-sheet credit exposures are loans in process and unused lines of credit, which had a combined balance at June 30, 2015 and September 30, 2014, of $686,134,000 and $583,838,000, respectively. The Company estimates losses on off-balance-sheet credit exposures by allocating a loss percentage derived from historical loss factors for each asset class.

Reclassifications - Reclassification of Other Expenses into Product Delivery and Information Technology line items have been made to the financial statements for the quarters prior to September 30, 2014 to conform to current year classifications.

XML

Loans Receivable (excluding Covered Loans) - Loans Receivable, Analysis of Age of Loans in Past Due Status (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 8,817,760	$ 8,323,544
Current	8,731,344	8,203,280
Past due	$ 86,416	$ 120,264
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.98%	1.44%
Financing Receivables, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 18,350	$ 19,762
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	9,724	27,907
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	58,342	72,595
Non-Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	8,536,860	8,063,364
Current	8,455,606	7,947,551
Past due	$ 81,254	$ 115,813
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.95%	1.44%
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 5,546,941	$ 5,557,753
Current	5,473,728	5,467,239
Past due	$ 73,213	$ 90,514
Ratio of past due loans to total loans, net of charge-offs and LIPs	1.32%	1.63%
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 117,711	$ 87,035
Current	117,711	87,035
Past due	$ 0	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Non-Acquired Loans [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 204,914	$ 192,098
Current	204,140	191,262
Past due	$ 774	$ 836
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.38%	0.44%
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 72,856	$ 68,066
Current	72,429	67,911
Past due	$ 427	$ 155
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.59%	0.23%
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 102,436	$ 108,589
Current	99,717	104,571
Past due	$ 2,719	$ 4,018
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.65%	3.70%
Non-Acquired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 1,013,745	$ 892,196
Current	1,012,704	891,372
Past due	$ 1,041	$ 824
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.10%	0.09%
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 697,960	$ 529,453
Current	696,678	513,409
Past due	$ 1,282	$ 16,044
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.18%	3.03%
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 451,473	$ 379,226
Current	451,404	377,848
Past due	$ 69	$ 1,378
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.02%	0.36%
Non-Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 122,874	$ 116,262
Current	121,836	115,262
Past due	$ 1,038	$ 1,000
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.84%	0.86%
Non-Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 205,950	$ 132,686
Current	205,259	131,642
Past due	$ 691	$ 1,044
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.34%	0.79%
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 17,267	$ 19,477
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	14,525	15,926
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	310	836
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	427	155
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	595	1,246
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	205
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	421	67
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	69	53
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	401	335
Non-Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	519	654
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	9,491	26,449
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	8,585	9,139
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	109	0
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	85	304
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	421	16
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	57	15,118
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	1,318
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	62	292
Non-Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	172	262
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	54,496	69,887
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	50,103	65,449
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction - Speculative [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction - Custom [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	355	0
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	2,039	2,468
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	620	603
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	804	859
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	7
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	575	373
Non-Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	128
Acquired Non-Impaired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	188,552	180,892
Current	187,338	178,945
Past due	$ 1,214	$ 1,947
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.64%	1.08%
Acquired Non-Impaired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 12,895	$ 11,716
Current	12,872	11,693
Past due	$ 23	$ 23
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.18%	0.20%
Acquired Non-Impaired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 1,028	$ 905
Current	1,028	905
Past due	$ 0	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Acquired Non-Impaired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 2,472	$ 2,502
Current	2,339	2,132
Past due	$ 133	$ 370
Ratio of past due loans to total loans, net of charge-offs and LIPs	5.38%	14.79%
Acquired Non-Impaired Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 3,692	$ 2,999
Current	3,692	2,999
Past due	$ 0	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Acquired Non-Impaired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 101,542	$ 97,715
Current	101,369	96,948
Past due	$ 173	$ 767
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.17%	0.78%
Acquired Non-Impaired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 57,612	$ 51,329
Current	57,574	51,229
Past due	$ 38	$ 100
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.07%	0.19%
Acquired Non-Impaired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 6,414	$ 8,056
Current	5,973	8,056
Past due	$ 441	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	6.88%	0.00%
Acquired Non-Impaired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 2,897	$ 5,670
Current	2,491	4,983
Past due	$ 406	$ 687
Ratio of past due loans to total loans, net of charge-offs and LIPs	14.01%	12.12%
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 272	$ 126
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	104
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	224	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	48	22
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	233	474
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	16	370
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	100
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	217	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	4
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	709	1,347
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	23	23
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	117	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	173	663
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	38	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Acquired Non-Impaired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	358	661
Credit Impaired Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	92,348	79,288
Current	88,400	76,784
Past due	$ 3,948	$ 2,504
Ratio of past due loans to total loans, net of charge-offs and LIPs	4.28%	3.16%
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 6,284	$ 325
Current	6,284	325
Past due	$ 0	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 1,842	$ 1,581
Current	771	1,581
Past due	$ 1,071	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	58.14%	0.00%
Credit Impaired Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 495
Current	495
Past due	0
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	71,189	$ 63,713
Current	69,448	61,713
Past due	$ 1,741	$ 2,000
Ratio of past due loans to total loans, net of charge-offs and LIPs	2.45%	3.14%
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 3,881	$ 3,477
Current	3,058	3,470
Past due	$ 823	$ 7
Ratio of past due loans to total loans, net of charge-offs and LIPs	21.21%	0.20%
Credit Impaired Acquired Loans [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 8,549	$ 10,138
Current	8,236	9,641
Past due	$ 313	$ 497
Ratio of past due loans to total loans, net of charge-offs and LIPs	3.66%	4.90%
Credit Impaired Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loans, net of charge-offs and LIP	$ 108	$ 54
Current	108	54
Past due	$ 0	$ 0
Ratio of past due loans to total loans, net of charge-offs and LIPs	0.00%	0.00%
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 811	$ 159
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	203	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	608	152
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	7
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	984
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	909
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	75
Credit Impaired Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	3,137	1,361
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Single-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Acquisition & Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	868	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Land - Consumer Lot Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	1,133	939
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial & Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	823	0
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	313	422
Credit Impaired Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due	$ 0	$ 0

XML

Allowance for Losses on Loans - Impaired Loans Based on Loan Types (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 363,216	$ 435,185
Unpaid Principal Balance	393,993	470,190
Related Allowance	8,057	10,587
Average Recorded Investment	363,891	403,138
Amount of related allowance included in specific reserves		60
Amount of related allowance included in general reserves		10,527
Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	41,982	46,680
Unpaid Principal Balance	64,774	73,123
Related Allowance	0	0
Average Recorded Investment	41,085	37,474
Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	321,234	388,505
Unpaid Principal Balance	329,219	397,067
Related Allowance	8,057	10,587
Average Recorded Investment	322,806	365,664
Single-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	296,703	346,364
Unpaid Principal Balance	303,194	354,497
Related Allowance	8,057	10,527
Average Recorded Investment	296,613	333,191
Single-Family Residential [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	21,524	24,044
Unpaid Principal Balance	24,151	26,628
Related Allowance	0	0
Average Recorded Investment	20,724	16,843
Single-Family Residential [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	275,179	322,320
Unpaid Principal Balance	279,043	327,869
Related Allowance	8,057	10,527
Average Recorded Investment	275,889	316,348
Construction - Speculative [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	6,984	9,159
Unpaid Principal Balance	7,969	10,159
Related Allowance	0	60
Average Recorded Investment	7,004	9,336
Construction - Speculative [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	613	1,603
Unpaid Principal Balance	808	2,173
Related Allowance	0	0
Average Recorded Investment	615	1,804
Construction - Speculative [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	6,371	7,556
Unpaid Principal Balance	7,161	7,986
Related Allowance	0	60
Average Recorded Investment	6,389	7,532
Construction - Custom [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	355
Unpaid Principal Balance	355
Related Allowance	0
Average Recorded Investment	178
Construction - Custom [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	355
Unpaid Principal Balance	355
Related Allowance	0
Average Recorded Investment	178
Construction - Custom [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
Land - Acquisition & Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,216	5,533
Unpaid Principal Balance	5,699	7,961
Related Allowance	0	0
Average Recorded Investment	4,254	5,152
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	680	837
Unpaid Principal Balance	1,223	2,325
Related Allowance	0	0
Average Recorded Investment	683	1,038
Land - Acquisition & Development [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,536	4,696
Unpaid Principal Balance	4,476	5,636
Related Allowance	0	0
Average Recorded Investment	3,571	4,114
Land - Consumer Lot Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	12,641	13,976
Unpaid Principal Balance	12,992	14,457
Related Allowance	0	0
Average Recorded Investment	12,596	13,571
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,101	974
Unpaid Principal Balance	1,187	1,072
Related Allowance	0	0
Average Recorded Investment	969	713
Land - Consumer Lot Loans [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	11,540	13,002
Unpaid Principal Balance	11,805	13,385
Related Allowance	0	0
Average Recorded Investment	11,627	12,858
Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,374	6,354
Unpaid Principal Balance	5,374	6,574
Related Allowance	0	0
Average Recorded Investment	4,991	5,284
Multi-Family [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,531	1,111
Unpaid Principal Balance	1,531	1,111
Related Allowance	0	0
Average Recorded Investment	1,138	327
Multi-Family [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,843	5,243
Unpaid Principal Balance	3,843	5,463
Related Allowance	0	0
Average Recorded Investment	3,853	4,957
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	29,667	47,393
Unpaid Principal Balance	36,003	55,113
Related Allowance	0	0
Average Recorded Investment	29,757	30,292
Commercial Real Estate [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	10,416	13,234
Unpaid Principal Balance	14,797	20,085
Related Allowance	0	0
Average Recorded Investment	9,795	11,720
Commercial Real Estate [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	19,251	34,159
Unpaid Principal Balance	21,206	35,028
Related Allowance	0	0
Average Recorded Investment	19,962	18,572
Commercial & Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,340	3,195
Unpaid Principal Balance	18,276	17,166
Related Allowance	0	0
Average Recorded Investment	5,664	3,900
Commercial & Industrial [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,340	3,195
Unpaid Principal Balance	18,276	17,166
Related Allowance	0	0
Average Recorded Investment	5,664	3,900
Commercial & Industrial [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0
Unpaid Principal Balance	0
Related Allowance	0
Average Recorded Investment	0
HELOC [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,402	2,505
Unpaid Principal Balance	3,213	3,216
Related Allowance	0	0
Average Recorded Investment	2,299	1,816
HELOC [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,008	1,019
Unpaid Principal Balance	1,819	1,730
Related Allowance	0	0
Average Recorded Investment	905	612
HELOC [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,394	1,486
Unpaid Principal Balance	1,394	1,486
Related Allowance	0	0
Average Recorded Investment	1,394	1,204
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	534	706
Unpaid Principal Balance	918	1,047
Related Allowance	0	0
Average Recorded Investment	535	596
Consumer [Member] | Financing Receivable, Impairment, No Related Allowance [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	414	663
Unpaid Principal Balance	627	833
Related Allowance	0	0
Average Recorded Investment	414	517
Consumer [Member] | Financing Receivable, Impairment, Allowance Recorded [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	120	43
Unpaid Principal Balance	291	214
Related Allowance	0	0
Average Recorded Investment	$ 121	$ 79

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
ASSETS
Cash and cash equivalents	$ 349,550	$ 781,843
Available-for-sale securities, at fair value	2,624,374	3,049,442
Held-to-maturity securities, at amortized cost	1,586,514	1,548,265
Loans receivable, net	8,645,609	8,148,322
Covered loans, net	77,311	176,476
Interest receivable	39,550	52,037
Premises and equipment, net	267,835	257,543
Real estate held for sale	55,491	55,072
Real estate held for investment	4,336	4,808
Covered real estate held for sale	4,434	24,082
FDIC indemnification asset	18,783	36,860
FHLB and FRB stock	103,189	158,839
Bank owned life insurance	101,720	0
Intangible assets, net	300,109	302,909
Federal and state income tax assets, net	11,286	16,515
Other assets	180,405	143,028
Assets	14,370,496	14,756,041
Customer accounts
Transaction deposit accounts	5,696,536	5,490,687
Time deposit accounts	4,881,849	5,226,241
Customer accounts	10,578,385	10,716,928
FHLB advances	1,730,000	1,930,000
Advance payments by borrowers for taxes and insurance	30,656	29,004
Accrued expenses and other liabilities	72,334	106,826
Liabilities	12,411,375	12,782,758
Stockholders’ equity
Common stock, $1.00 par value, 300,000,000 shares authorized; 133,688,179 and 133,322,909 shares issued; 93,982,148 and 98,404,705 shares outstanding	133,688	133,323
Paid-in capital	1,643,243	1,638,211
Accumulated other comprehensive income, net of taxes	10,977	20,708
Treasury stock, at cost; 39,706,031 and 34,918,204 shares	(628,157)	(525,108)
Retained earnings	799,370	706,149
Stockholders' Equity Attributable to Parent	1,959,121	1,973,283
Liabilities and Equity	$ 14,370,496	$ 14,756,041

XML

Fair Value Measurements - Securities in Unrealized Loss Positions (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, less than 12 months, aggregate losses	$ (3,514)	$ (812)
Unrealized loss position, less than 12 months, fair value	622,801	360,665
Unrealized loss position, 12 months or longer, aggregate losses	(41,539)	(57,353)
Unrealized loss position, 12 months or longer, fair value	1,536,911	1,642,718
Unrealized loss position, aggregate losses	(45,053)	(58,165)
Unrealized loss position, fair value	2,159,712	2,003,383
Corporate Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, less than 12 months, aggregate losses	(1,022)	(125)
Unrealized loss position, less than 12 months, fair value	23,978	24,875
Unrealized loss position, 12 months or longer, aggregate losses	(625)	(845)
Unrealized loss position, 12 months or longer, fair value	34,375	24,155
Unrealized loss position, aggregate losses	(1,647)	(970)
Unrealized loss position, fair value	58,353	49,030
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, less than 12 months, aggregate losses	(15)
Unrealized loss position, less than 12 months, fair value	3,558
Unrealized loss position, 12 months or longer, aggregate losses	0
Unrealized loss position, 12 months or longer, fair value	0
Unrealized loss position, aggregate losses	(15)
Unrealized loss position, fair value	3,558
US Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, less than 12 months, aggregate losses	(558)	(472)
Unrealized loss position, less than 12 months, fair value	140,285	316,578
Unrealized loss position, 12 months or longer, aggregate losses	(969)	(797)
Unrealized loss position, 12 months or longer, fair value	142,318	109,354
Unrealized loss position, aggregate losses	(1,527)	(1,269)
Unrealized loss position, fair value	282,603	425,932
Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Unrealized loss position, less than 12 months, aggregate losses	(1,919)	(215)
Unrealized loss position, less than 12 months, fair value	454,980	19,212
Unrealized loss position, 12 months or longer, aggregate losses	(39,945)	(55,711)
Unrealized loss position, 12 months or longer, fair value	1,360,218	1,509,209
Unrealized loss position, aggregate losses	(41,864)	(55,926)
Unrealized loss position, fair value	$ 1,815,198	$ 1,528,421

XML

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock
Balance, beginning of period at Sep. 30, 2013	$ 1,937,635	$ 132,573	$ 1,625,051	$ 594,450	$ 6,378	$ (420,817)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	116,803			116,803
Other comprehensive income (loss)	18,043				18,043
Dividends on common stock	(31,393)			(31,393)
Compensation expense related to common stock options	900		900
Proceeds from exercise of common stock options	10,358	759	9,599
Restricted stock expense	2,520	0	2,520
Treasury stock acquired	(64,231)					(64,231)
Balance, end of period at Jun. 30, 2014	1,990,635	133,332	1,638,070	679,860	24,421	(485,048)
Balance, beginning of period at Sep. 30, 2014	1,973,283	133,323	1,638,211	706,149	20,708	(525,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	117,818			117,818
Other comprehensive income (loss)	(9,731)				(9,731)
Dividends on common stock	(24,597)			(24,597)
Compensation expense related to common stock options	900		900
Proceeds from exercise of common stock options	1,676	106	1,570
Restricted stock expense	2,821	259	2,562
Treasury stock acquired	(103,049)					(103,049)
Balance, end of period at Jun. 30, 2015	$ 1,959,121	$ 133,688	$ 1,643,243	$ 799,370	$ 10,977	$ (628,157)

XML

Allowance for Losses on Loans - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	$ 108,323	$ 114,931	$ 112,347	$ 116,741
FinancingReceivableAllowanceForCreditLossesWriteOffs	6,551	3,400	11,677	12,986
Recoveries	6,238	5,619	15,329	22,745
Provision & Transfers	(2,399)	(3,000)	(10,388)	(12,350)
Ending Allowance	105,611	114,150	105,611	114,150
Single-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	54,762	63,348	62,763	64,184
FinancingReceivableAllowanceForCreditLossesWriteOffs	1,698	2,530	4,801	7,307
Recoveries	3,878	4,717	10,553	15,631
Provision & Transfers	(4,938)	(3,175)	(16,511)	(10,148)
Ending Allowance	52,004	62,360	52,004	62,360
Construction - Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	5,445	6,773	6,742	8,407
FinancingReceivableAllowanceForCreditLossesWriteOffs	0	0	388	938
Recoveries	0	2	75	97
Provision & Transfers	488	(388)	(496)	(1,179)
Ending Allowance	5,933	6,387	5,933	6,387
Construction - Custom [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	968	1,599	1,695	882
FinancingReceivableAllowanceForCreditLossesWriteOffs	0	0	0	0
Recoveries	0	0	0	0
Provision & Transfers	17	79	(710)	796
Ending Allowance	985	1,678	985	1,678
Land - Acquisition & Development [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	7,405	6,027	5,592	9,165
FinancingReceivableAllowanceForCreditLossesWriteOffs	0	0	38	541
Recoveries	1	85	206	823
Provision & Transfers	(1,634)	843	12	(2,492)
Ending Allowance	5,772	6,955	5,772	6,955
Land - Consumer Lot Loans [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,035	2,974	3,077	3,552
FinancingReceivableAllowanceForCreditLossesWriteOffs	276	86	363	559
Recoveries	187	0	221	22
Provision & Transfers	53	(26)	64	(153)
Ending Allowance	2,999	2,862	2,999	2,862
Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	4,673	4,187	4,248	3,816
FinancingReceivableAllowanceForCreditLossesWriteOffs	0	0	0	0
Recoveries	0	0	220	0
Provision & Transfers	362	(46)	567	325
Ending Allowance	5,035	4,141	5,035	4,141
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	6,734	5,924	7,548	5,595
FinancingReceivableAllowanceForCreditLossesWriteOffs	1,592	32	1,619	105
Recoveries	230	24	711	24
Provision & Transfers	1,896	773	628	1,175
Ending Allowance	7,268	6,689	7,268	6,689
Commercial & Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	21,146	20,403	16,527	16,614
FinancingReceivableAllowanceForCreditLossesWriteOffs	2,106	38	2,461	730
Recoveries	896	4	948	3,277
Provision & Transfers	1,726	(1,673)	6,648	(465)
Ending Allowance	21,662	18,696	21,662	18,696
HELOC [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	850	975	928	1,002
FinancingReceivableAllowanceForCreditLossesWriteOffs	26	18	26	18
Recoveries	1	0	1	0
Provision & Transfers	39	58	(39)	31
Ending Allowance	864	1,015	864	1,015
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Allowance	3,305	2,721	3,227	3,524
FinancingReceivableAllowanceForCreditLossesWriteOffs	853	696	1,981	2,788
Recoveries	1,045	787	2,394	2,871
Provision & Transfers	(408)	555	(551)	(240)
Ending Allowance	$ 3,089	$ 3,367	$ 3,089	$ 3,367

XML

Covered Assets (Tables)

9 Months Ended

Jun. 30, 2015

Covered Assets [Abstract]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

Changes in the net carrying amount and accretable yield for acquired impaired and non-impaired covered loans for the year to date period ended June 30, 2015 and the fiscal year ended September 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Net Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	64,534		$	78,055		$	10,259		$	98,422
Transfer to non-covered	(23,167		)	(15,866		)	(1,482		)	(33,649		)
Reclassification from nonaccretable balance, net	6,307			—			—			—
Accretion	(11,577		)	11,577			(4,358		)	4,358
Transfers to REO	—			(1,893		)	—			—
Payments received, net	—			(19,845		)	—			(43,848		)
Balance at end of period	$	36,097		$	52,028		$	4,419		$	25,283

September 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	78,277		$	138,091		$	17,263		$	157,856
Reclassification from nonaccretable balance, net	10,186			(2,069		)	—			—
Accretion	(23,929		)	23,929			(7,004		)	7,004
Transfers to REO	—			(8,943		)	—			—
Payments received, net	—			(72,953		)	—			(66,438		)
Balance at end of period	$	64,534		$	78,055		$	10,259		$	98,422

Schedule of Activity for FDIC Indemnification Asset

The following table shows the year to date activity for the FDIC indemnification asset:

	June 30, 2015			September 30, 2014
	(In thousands)
Balance at beginning of fiscal year 2015 and 2014	$	36,860		$	64,615
Additions and deletions (1)	(1,795		)	1,795
Payments made (received)	714			(2,502		)
Amortization	(17,418		)	(27,850		)
Accretion	422			802
Balance at end of period	$	18,783		$	36,860
(1) reclassification of ALLL allowance due to changes in cash flows

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans (net of LIP and excluding covered loans) based on credit quality indicators as defined above as of June 30, 2015 and September 30, 2014.

June 30, 2015	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,456,628		$	—		$	90,313		$	—		$	—		$	5,546,941
Construction - speculative	114,706			—			3,005			—			—			117,711
Construction - custom	204,914			—			—			—			—			204,914
Land - acquisition & development	67,726			—			5,130			—			—			72,856
Land - consumer lot loans	102,007			—			429			—			—			102,436
Multi-family	1,009,785			—			3,960			—			—			1,013,745
Commercial real estate	682,908			5,068			9,984			—			—			697,960
Commercial & industrial	411,925			965			38,583			—			—			451,473
HELOC	122,626			—			248			—			—			122,874
Consumer	205,950			—			—			—			—			205,950
	8,379,175			6,033			151,652			—			—			8,536,860
Non-impaired acquired loans
Single-family residential	12,872			—			23			—			—			12,895
Land - acquisition & development	651			—			377			—			—			1,028
Land - consumer lot loans	2,355			—			117			—			—			2,472
Multi-family	3,692			—			—			—			—			3,692
Commercial real estate	86,529			511			14,502			—			—			101,542
Commercial & industrial	54,243			1,228			2,141			—			—			57,612
HELOC	6,414			—			—			—			—			6,414
Consumer	2,484			—			413			—			—			2,897
	169,240			1,739			17,573			—			—			188,552
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	6,655			—			2,305			—			—			8,960
Pool 2 - Single-family residential	320			—			—			—			—			320
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	8,598			—			638			—			—			9,236
Pool 5 - Commercial real estate	47,715			—			22,811			—			—			70,526
Pool 6 - Commercial & industrial	2,931			—			375			—			—			3,306
Total credit impaired acquired loans	66,219			—			26,129			—			—			92,348
Total gross loans	$	8,614,634		$	7,772		$	195,354		$	—		$	—		$	8,817,760
Total grade as a % of total gross loans	97.7		%	0.1		%	2.2		%	—		%	—		%

September 30, 2014	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,424,624		$	2,793		$	130,339		$	—		$	—		$	5,557,756
Construction - speculative	81,931			—			5,104			—			—			87,035
Construction - custom	192,098			—			—			—			—			192,098
Land - acquisition & development	61,949			—			6,117			—			—			68,066
Land - consumer lot loans	107,979			—			610			—			—			108,589
Multi-family	887,639			—			4,556			—			—			892,195
Commercial real estate	495,892			1,971			31,441			—			—			529,304
Commercial & industrial	359,168			14,740			5,265			—			—			379,173
HELOC	115,794			—			248			—			—			116,042
Consumer	132,444			—			241			—			—			132,685
	7,859,518			19,504			183,921			—			—			8,062,943
Non-impaired acquired loans
Single-family residential	11,716			—			—			—			—			11,716
Land - acquisition & development	503			—			402			—			—			905
Land - consumer lot loans	2,502			—			—			—			—			2,502
Multi-family	2,999			—			—			—			—			2,999
Commercial real estate	88,940			2,571			6,353			—			—			97,864
Commercial & industrial	36,309			13,642			1,375			58			—			51,384
HELOC	8,274			—			—			—			—			8,274
Consumer	5,670			—			—			—			—			5,670
	156,913			16,213			8,130			58			—			181,314
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,251			—			330			—			—			1,581
Pool 2 - Single-family residential	325			—			—			—			—			325
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,194			—			—			—			—			10,194
Pool 5 - Commercial real estate	48,867			2,143			12,702			—			—			63,712
Pool 6 - Commercial & industrial	643			—			2,833			—			—			3,476
Total credit impaired acquired loans	61,280			2,143			15,865			—			—			79,288
Total gross loans	$	8,077,711		$	37,860		$	207,916		$	58		$	—		$	8,323,545
Total grade as a % of total gross loans	97.2		%	0.4		%	2.4		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

June 30, 2015	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,490,303	99.0	%	$	56,638	1.0	%
Construction - speculative	116,949		99.4		762		0.6
Construction - custom	204,559		99.8		355		0.2
Land - acquisition & development	71,471		100.0		—		—
Land - consumer lot loans	101,128		98.4		1,308		1.6
Multi-family	1,012,250		99.8		786		0.2
Commercial real estate	693,479		99.7		2,852		0.3
Commercial & industrial	450,124		99.8		1,205		0.2
HELOC	121,985		99.3		889		0.7
Consumer	205,437		99.8		513		0.2
	$	8,467,685	99.2	%	$	65,308	0.8	%

September 30, 2014	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,486,136	98.7	%	$	74,067	1.3	%
Construction - speculative	138,583		98.9		1,477		1.1
Construction - custom	385,824		100.0		—		—
Land - acquisition & development	77,021		99.0		811		1.0
Land - consumer lot loans	105,986		97.6		2,637		2.4
Multi-family	915,544		99.8		1,742		0.2
Commercial real estate	586,230		99.1		5,106		0.9
Commercial & industrial	379,219		100.0		7		—
HELOC	115,247		99.3		795		0.7
Consumer	131,801		99.4		789		0.6
	$	8,321,591	99.0	%	$	87,431	1.0	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of June 30, 2015 and September 30, 2014:

June 30, 2015	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	15,300		$	—		$	593		$	—		$	—		$	15,893
Commercial & industrial	—			—			28			—			—			28
HELOC	9,214			—			—			—			—			9,214
	$	24,514		$	—		$	621		$	—		$	—		$	25,135
Total grade as a % of total net loans	97.5		%	—		%	2.5		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	151		$	—		$	1,613		$	—		$	—		$	1,764
Pool 2 - Single-family residential	14,375			—			331			—			—			14,706
Pool 3 - Multi-family	48			—			377			—			—			425
Pool 4 - HELOC & other consumer	2,611			—			—			—			—			2,611
Pool 5 - Commercial real estate	23,805			—			11,048			—			—			34,853
Pool 6 - Commercial & industrial	394			—			1,276			—			—			1,670
	$	41,384		$	—		$	14,645		$	—		$	—		56,029
										Total covered loans						81,164
													Discount			(3,853		)
													Allowance			—
													Covered loans, net			$	77,311

September 30, 2014	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	21,311		$	—		$	1,756		$	—		$	—		$	23,067
Land - acquisition & development	972			—			392			—			—			1,364
Land - consumer lot loans	73			—			—			—			—			73
Multi-family	6,598			—			—			—			—			6,598
Commercial real estate	26,940			115			24,281			—			—			51,336
Commercial & industrial	2,801			—			2,691			—			—			5,492
HELOC	11,777			—			—			—			—			11,777
Consumer	454			—			—			—			—			454
	$	70,926		$	115		$	29,120		$	—		$	—		$	100,161
Total grade as a % of total net loans	70.8		%	0.1		%	29.1		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	8,349		$	—		$	11,912		$	—		$	—		$	20,261
Pool 2 - Single-family residential	15,585			—			379			—			—			15,964
Pool 3 - Multi-family	52			—			471			—			—			523
Pool 4 - HELOC & other consumer	2,804			—			1,173			—			—			3,977
Pool 5 - Commercial real estate	33,909			700			29,782			—			—			64,391
Pool 6 - Commercial & industrial	3,509			—			3,892			525			—			7,926
	$	64,208		$	700		$	47,609		$	525		$	—		113,042
										Total covered loans						213,203
													Discount			(34,483		)
													Allowance			(2,244		)
													Covered loans, net			$	176,476

Analysis of Age of Purchased Non-Credit Impaired Loans In Past Due Status

The following tables provide an analysis of the age of acquired non credit-impaired covered loans in past due status as of June 30, 2015 and September 30, 2014:

June 30, 2015	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	15,893	$	15,300	$	—	$	214	$	379	$	593	3.73	%
Commercial & industrial	28		28		—		—		—		—		—
HELOC	9,214		9,204		10		—		—		10		0.11
	$	25,135	$	24,532	$	10	$	214	$	379	$	603	2.40	%

September 30, 2014	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	23,067	$	22,391	$	230	$	40	$	406	$	676	2.93	%
Land - acquisition & development	1,364		1,328		—		—		36		36		2.64
Land - consumer lot loans	73		73		—		—		—		—		—
Multi-family	6,598		5,502		—		—		1,096		1,096		16.61
Commercial real estate	51,336		51,336		—		—		—		—		—
Commercial & industrial	5,492		5,492		—		—		—		—		—
HELOC	11,777		11,777		—		—		—		—		—
Consumer	454		443		11		—		—		11		2.42
	$	100,161	$	98,342	$	241	$	40	$	1,538	$	1,819	1.82	%

XML

Allowance for Losses on Loans - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($) charge-off	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Sep. 30, 2014 USD ($)	Mar. 31, 2015 USD ($)	Mar. 31, 2014 USD ($)	Sep. 30, 2013 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for (reversal of) loan losses	$ (1,932,000)	$ (3,000,000)	$ (11,381,000)	$ (11,936,000)
Number of charge-offs experienced | charge-off		2
Reversal in allowance				2,399,000
Adjustments, net					$ 2,910,000
Allowance	2,366,000		2,366,000
Loans receivable, gross	9,256,701,000		9,256,701,000		8,669,717,000
Nonaccrual of interest	65,308,000		65,308,000		87,431,000
Acquired loans subject to general allowance	33,573,000		33,573,000
Charge-offs, net of (recoveries)	313,000	$ (2,219,000)
Allowance for probable losses	105,611,000	$ 114,150,000	105,611,000	114,150,000	112,347,000	$ 108,323,000	$ 114,931,000	$ 116,741,000
Unfunded Loan Commitment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for (reversal of) loan losses				$ 467,000
Loans Collectively Evaluated for Impairment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	8,478,557,000		8,478,557,000		8,316,874,000
Allowance for probable losses	105,611,000		105,611,000		112,287,000
Loans Individually Evaluated for Impairment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	88,008,000		88,008,000		134,736,000
Allowance for probable losses	0		0		60,000
Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 128,883,000		$ 128,883,000		$ 147,311,000
Total grade as a % of total net loans	0.90%		0.90%		1.00%
Nonaccrual of interest	$ 65,308,000		$ 65,308,000		$ 87,431,000

XML

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process	$ 438,941	$ 346,172
Loans and Leases Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in process	$ 686,134	$ 583,838

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 117,818,000	$ 116,803,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,075,000	8,467,000
Cash received from (paid to) FDIC under loss share	(714,000)	949,000
Stock option compensation expense	900,000	900,000
Reversal of provision for loan losses	(11,381,000)	(11,936,000)
(Gain) loss on investment securities and real estate held for sale	(25,817,000)	598,000
Prepayment penalty from repayment of borrowings	10,554,000	0
Decrease (increase) in accrued interest receivable	12,487,000	(2,174,000)
Decrease (increase) in FDIC loss share receivable	1,795,000	(2,029,000)
Decrease in federal and state income tax	10,883,000	8,258,000
Increase in cash surrender value in bank owned life insurance	(1,720,000)	0
Increase in other assets	(37,376,000)	(14,514,000)
Decrease in accrued expenses and other liabilities	(23,738,000)	(10,487,000)
Net cash provided by operating activities	72,766,000	94,835,000
CASH FLOWS FROM INVESTING ACTIVITIES
Net loan originations	(204,527,000)	(329,076,000)
Loans purchased	(183,406,000)	0
FHLB & FRB stock redemption	55,649,000	9,952,000
Available-for-sale securities purchased	(329,490,000)	(1,080,476,000)
Principal payments and maturities of available-for-sale securities	502,561,000	363,103,000
Proceeds on available-for-sale securities sold	244,749,000	0
Held-to-maturity securities purchased	(249,382,000)	0
Principal payments and maturities of held-to-maturity securities	207,954,000	68,981,000
Net cash received from acquisitions	0	1,776,660,000
Proceeds from sales of real estate owned and held for investment	45,603,000	49,550,000
Proceeds from sales of covered REO	17,474,000	17,216,000
Purchase of bank owned life insurance	(100,000,000)	0
Premises and equipment purchased and REO improvements	(24,582,000)	(35,647,000)
Net cash provided by (used in) investing activities	(17,397,000)	840,263,000
CASH FLOWS FROM FINANCING ACTIVITIES
Net decrease in customer accounts	(138,390,000)	(178,161,000)
Repayments of borrowings	(210,554,000)	0
Proceeds from exercise of common stock options and related tax benefit	1,676,000	10,358,000
Dividends paid on common stock	(38,997,000)	(31,393,000)
Treasury stock purchased	(103,049,000)	(64,231,000)
Increase (decrease) in advance payments by borrowers for taxes and insurance	1,652,000	(13,930,000)
Net cash used in financing activities	(487,662,000)	(277,357,000)
Increase (decrease) in cash and cash equivalents	(432,293,000)	657,741,000
Cash and cash equivalents at beginning of period	781,843,000	203,563,000
Cash and cash equivalents at end of period	349,550,000	861,304,000
Non-cash investing activities
Non-covered real estate acquired through foreclosure	23,940,000	32,818,000
Covered real estate acquired through foreclosure	1,892,000	6,163,000
Cash paid during the period for
Interest	88,511,000	97,485,000
Income taxes	48,096,000	54,072,000
The following summarizes the non-cash activities related to acquisitions
Fair value of assets and intangibles acquired, including goodwill	0	80,384,000
Fair value of liabilities assumed	0	(1,857,044,000)
Net fair value of assets (liabilities)	$ 0	$ (1,776,660,000)

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Parentheticals) - $ / shares	Jun. 30, 2015	Sep. 30, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	133,688,179	133,322,909
Common stock, shares outstanding (in shares)	93,982,148	98,404,705
Treasury stock, shares (in shares)	39,706,031	34,918,204

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Off-Balance-Sheet Credit Exposures

The Company estimates losses on off-balance-sheet credit exposures by allocating a loss percentage derived from historical loss factors for each asset class.

New Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03,

Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. These amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. These amendments are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. ASU 2015-02 may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings. The Company does not expect this guidance to have a material impact on its consolidated financial statements.

In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. Under this new accounting guidance, repurchase-to-maturity transactions will be accounted for as secured borrowings rather than sales of an asset, and transfers of financial assets with contemporaneous repurchase financings will no longer be evaluated to determine whether they should be accounted for on a combined basis as forward contracts. The new guidance also prescribes additional disclosures particularly on the nature of collateral pledged in repurchase financings accounted for as secured borrowings. The amendments in this update were effective for the first interim or annual period beginning after December 31, 2014, with the exception of the collateral disclosures which will be effective for interim periods beginning after March 15, 2015. This guidance did not have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance does not apply to financial instruments. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017 and interim reporting periods within annual reporting periods beginning after December 15, 2017. The Company does not expect the new guidance to have a material impact on its consolidated financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The new guidance clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. ASU 2014-04 is effective for annual and interim reporting periods within those annual periods, beginning after December 15, 2014. Adoption of the new guidance is not expected to have a significant impact on the Company's consolidated financial statements.

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Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Aug. 06, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	WASHINGTON FEDERAL INC
Entity Central Index Key	0000936528
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		93,982,148

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Acquisitions (Tables)

9 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Schedule of Net Liabilities Acquired

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed during fiscal year 2014:

	Adjusted Fair Value Recorded by
	Washington Federal
	(In thousands)
Assets:
Cash	$	1,776,660
Loans receivable, net	12,881
Property and equipment, net	25,097
Core deposit intangible	11,040
Goodwill	31,225
Other assets	70
Total Assets	1,856,973
Liabilities:
Customer accounts	1,853,798
Other liabilities	3,175
Total Liabilities	1,856,973
Net assets acquired	$	—

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
INTEREST INCOME
Loans and covered assets	$ 107,250	$ 108,089	$ 324,817	$ 321,650
Mortgage-backed securities	16,995	20,507	54,313	60,947
Investment securities and cash equivalents	5,055	6,415	16,084	16,023
Interest Income	129,300	135,011	395,214	398,620
INTEREST EXPENSE
Customer accounts	12,485	14,238	38,504	44,517
FHLB advances and other borrowings	16,250	17,494	50,082	51,877
Interest Expense	28,735	31,732	88,586	96,394
Net interest income	100,565	103,279	306,628	302,226
Reversal of provision for loan losses	(1,932)	(3,000)	(11,381)	(11,936)
Net interest income after reversal of provision for loan losses	102,497	106,279	318,009	314,162
OTHER INCOME
Gain on sale of investments	9,639	0	9,639	0
Prepayment penalty on long-term debt	(7,941)	0	(10,554)	0
Loan fee income	1,915	2,297	6,028	5,668
Deposit fee income	5,156	4,036	16,538	9,120
Other income	3,042	1,739	6,380	5,774
OTHER INCOME	11,811	8,072	28,031	20,562
OTHER EXPENSE
Compensation and benefits	29,824	28,946	89,453	81,908
Occupancy	8,492	7,468	24,866	21,864
FDIC insurance premiums	2,377	2,978	5,431	8,679
Information technology	3,783	3,505	11,695	10,365
Product delivery	6,175	4,577	17,222	9,961
Other expense	6,068	5,819	18,975	16,694
Noninterest Expense	56,719	53,293	167,642	149,471
Gain (loss) on real estate acquired through foreclosure, net	3,188	(2,056)	4,976	(3,454)
Income before income taxes	60,777	59,002	183,374	181,799
Income tax provision	21,727	21,092	65,556	64,996
NET INCOME	$ 39,050	$ 37,910	$ 117,818	$ 116,803
PER SHARE DATA
Basic earnings (in dollars per share)	$ 0.41	$ 0.38	$ 1.22	$ 1.15
Diluted earnings (in dollars per share)	0.41	0.37	1.22	1.14
Dividends paid on common stock (in dollars per share)	$ 0.13	$ 0.1	$ 0.41	$ 0.30
Basic weighted average number of shares outstanding (in shares)	94,466,524	100,979,219	96,335,777	101,777,112
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares)	94,904,262	101,393,936	96,726,085	102,234,350

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Allowance for Losses on Loans

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Allowance for Losses on Loans

Allowance for Losses on Loans

The following table summarizes the activity in the allowance for loan losses (excluding certain acquired and covered loans) for the three and nine months endedJune 30, 2015 and 2014:

Three Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	54,762	$	(1,698	)	$	3,878	$	(4,938	)	$	52,004
Construction - speculative	5,445		—			—		488			5,933
Construction - custom	968		—			—		17			985
Land - acquisition & development	7,405		—			1		(1,634		)	5,772
Land - consumer lot loans	3,035		(276		)	187		53			2,999
Multi-family	4,673		—			—		362			5,035
Commercial real estate	6,734		(1,592		)	230		1,896			7,268
Commercial & industrial	21,146		(2,106		)	896		1,726			21,662
HELOC	850		(26		)	1		39			864
Consumer	3,305		(853		)	1,045		(408		)	3,089
	$	108,323	$	(6,551	)	$	6,238	$	(2,399	)	$	105,611

Three Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	63,348	$	(2,530	)	$	4,717	$	(3,175	)	$	62,360
Construction - speculative	6,773		—			$	2	(388		)	6,387
Construction - custom	1,599		—			—		79			1,678
Land - acquisition & development	6,027		—			85		843			6,955
Land - consumer lot loans	2,974		(86		)	—		(26		)	2,862
Multi-family	4,187		—			—		(46		)	4,141
Commercial real estate	5,924		(32		)	24		773			6,689
Commercial & industrial	20,403		(38		)	4		(1,673		)	18,696
HELOC	975		(18		)	—		58			1,015
Consumer	2,721		(696		)	787		555			3,367
	$	114,931	$	(3,400	)	$	5,619	$	(3,000	)	$	114,150

Nine Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	62,763	$	(4,801	)	$	10,553	$	(16,511	)	$	52,004
Construction - speculative	6,742		(388		)	$	75	(496		)	5,933
Construction - custom	1,695		—			—		(710		)	985
Land - acquisition & development	5,592		(38		)	206		12			5,772
Land - consumer lot loans	3,077		(363		)	221		64			2,999
Multi-family	4,248		—			220		567			5,035
Commercial real estate	7,548		(1,619		)	711		628			7,268
Commercial & industrial	16,527		(2,461		)	948		6,648			21,662
HELOC	928		(26		)	1		(39		)	864
Consumer	3,227		(1,981		)	2,394		(551		)	3,089
	$	112,347	$	(11,677	)	$	15,329	$	(10,388	)	$	105,611

Nine Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(7,307	)	$	15,631	$	(10,148	)	$	62,360
Construction - speculative	8,407		(938		)	$	97	(1,179		)	6,387
Construction - custom	882		—			—		796			1,678
Land - acquisition & development	9,165		(541		)	823		(2,492		)	6,955
Land - consumer lot loans	3,552		(559		)	22		(153		)	2,862
Multi-family	3,816		—			—		325			4,141
Commercial real estate	5,595		(105		)	24		1,175			6,689
Commercial & industrial	16,614		(730		)	3,277		(465		)	18,696
HELOC	1,002		(18		)	—		31			1,015
Consumer	3,524		(2,788		)	2,871		(240		)	3,367
	$	116,741	$	(12,986	)	$	22,745	$	(12,350	)	$	114,150

The Company recorded a $1,932,000 reversal of the provision for loan losses during the quarter ended June 30, 2015, while a reversal of $3,000,000 was recorded for the same quarter one year ago. While the credit quality of the portfolio has been improving significantly and economic conditions are more favorable, the Company experienced two isolated charge-offs in the quarter ended June 30, 2015 that explain some of this reduction. The change in the current period was comprised of a reversal of $2,399,000 in allowance for loan losses and an increase in the reserve for unfunded commitments of $467,000. During the fiscal year ended September 30, 2014, there was a transfer of $2,910,000 from the general allowance to establish a reserve for unfunded commitments. Unfunded commitments are likely to be higher going forward as commercial loans are becoming a greater portion of balances. This reserve was $2,366,000 as of June 30, 2015.

Non-performing assets (“NPAs”) amounted to $128,883,000, or 0.90% of total assets at June 30, 2015, compared to $147,311,000, or 1.00%, of total assets as of September 30, 2014. Non-accrual loans decreased from $87,431,000 at September 30, 2014, to $65,308,000 at June 30, 2015.

Acquired loans, including covered loans, are not usually classified as non-performing because at acquisition, the carrying value of these loans is adjusted to reflect fair value. As of June 30, 2015, $33,573,000 in acquired loans were subject to the general allowance as the discount related to these balances was no longer sufficient to absorb potential losses.

A loan is charged-off when the loss is estimable and it is confirmed that the borrower will not be able to meet its contractual obligations. The Company had net charge-offs of $313,000 for the quarter ended June 30, 2015 compared with $2,219,000 of net recoveries for the same quarter one year prior.

As of June 30, 2015, $105,611,000 of the allowance was calculated under the formulas contained in our general allowance methodology. As of September 30, 2014, $112,287,000 of the allowance was calculated under the formulas contained in our general allowance methodology and the remaining $60,000 was made up of specific reserves on loans which were deemed to be impaired.

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of June 30, 2015 and September 30, 2014:

June 30, 2015	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	52,004	$	5,497,635	1.0	%	$	—	$	49,305	—	%
Construction - speculative	5,933		110,727		5.4		—		6,983		—
Construction - custom	985		204,914		0.5		—		—		—
Land - acquisition & development	5,772		68,234		8.5		—		3,237		—
Land - consumer lot loans	2,999		91,392		3.3		—		11,044		—
Multi-family	5,035		1,008,452		0.5		—		4,584		—
Commercial real estate	7,268		685,198		1.1		—		11,133		—
Commercial & industrial	21,662		484,902		4.5		—		—		—
HELOC	864		121,241		0.7		—		1,633		—
Consumer	3,089		205,862		1.5		—		89		—
	$	105,611	$	8,478,557	1.3	%	$	—	$	88,008	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

September 30, 2014	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	62,067	$	5,487,331	1.1	%	$	—	$	72,869	—	%
Construction - speculative	6,682		130,901		5.5		60		9,159		0.7
Construction - custom	1,695		385,464		0.5		—		360		—
Land - acquisition & development	5,592		73,999		7.6		—		3,833		—
Land - consumer lot loans	3,077		95,684		3.2		—		12,939		—
Multi-family	4,248		911,162		0.5		—		6,124		—
Commercial real estate	7,548		563,534		1.4		—		27,802		—
Commercial & industrial	17,223		421,816		4.6		—		—		—
HELOC	928		114,393		0.9		—		1,650		—
Consumer	3,227		132,590		2.4		—		—		—
	$	112,287	$	8,316,874	1.4	%	$	60	$	134,736	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

The Company has an asset quality review function that analyzes its loan portfolios and reports the results of the review to the Board of Directors on a quarterly basis. The single-family residential, HELOC and consumer portfolios are evaluated based on their performance as a pool of loans, since no single loan is individually significant or judged by its risk rating, size or potential risk of loss. The construction, land, multi-family, commercial real estate and commercial and industrial loans are risk rated on a loan by loan basis to determine the relative risk inherent in specific borrowers or loans. Based on that risk rating, the loans are assigned a grade and classified as follows:

• Pass – the credit does not meet one of the definitions below.

• Special mention – A special mention credit is considered to be currently protected from loss but is potentially weak. No loss of principal or interest is foreseen; however, proper supervision and Management attention is required to deter further deterioration in the credit. Assets in this category constitute some undue and unwarranted credit risk but not to the point of justifying a risk rating of substandard. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific asset.

• Substandard – A substandard credit is an unacceptable credit. Additionally, repayment in the normal course is in jeopardy due to the existence of one or more well defined weaknesses. In these situations, loss of principal is likely if the weakness is not corrected. A substandard asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified will have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets risk rated substandard.

• Doubtful – A credit classified doubtful has all the weaknesses inherent in one classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The probability of loss is high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans.

• Loss – Credits classified loss are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be affected in the future. Losses should be taken in the period in which they are identified as uncollectible. Partial charge-off versus full charge-off may be taken if the collateral offers some identifiable protection.

The following tables provide information on loans (net of LIP and excluding covered loans) based on credit quality indicators as defined above as of June 30, 2015 and September 30, 2014.

June 30, 2015	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,456,628		$	—		$	90,313		$	—		$	—		$	5,546,941
Construction - speculative	114,706			—			3,005			—			—			117,711
Construction - custom	204,914			—			—			—			—			204,914
Land - acquisition & development	67,726			—			5,130			—			—			72,856
Land - consumer lot loans	102,007			—			429			—			—			102,436
Multi-family	1,009,785			—			3,960			—			—			1,013,745
Commercial real estate	682,908			5,068			9,984			—			—			697,960
Commercial & industrial	411,925			965			38,583			—			—			451,473
HELOC	122,626			—			248			—			—			122,874
Consumer	205,950			—			—			—			—			205,950
	8,379,175			6,033			151,652			—			—			8,536,860
Non-impaired acquired loans
Single-family residential	12,872			—			23			—			—			12,895
Land - acquisition & development	651			—			377			—			—			1,028
Land - consumer lot loans	2,355			—			117			—			—			2,472
Multi-family	3,692			—			—			—			—			3,692
Commercial real estate	86,529			511			14,502			—			—			101,542
Commercial & industrial	54,243			1,228			2,141			—			—			57,612
HELOC	6,414			—			—			—			—			6,414
Consumer	2,484			—			413			—			—			2,897
	169,240			1,739			17,573			—			—			188,552
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	6,655			—			2,305			—			—			8,960
Pool 2 - Single-family residential	320			—			—			—			—			320
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	8,598			—			638			—			—			9,236
Pool 5 - Commercial real estate	47,715			—			22,811			—			—			70,526
Pool 6 - Commercial & industrial	2,931			—			375			—			—			3,306
Total credit impaired acquired loans	66,219			—			26,129			—			—			92,348
Total gross loans	$	8,614,634		$	7,772		$	195,354		$	—		$	—		$	8,817,760
Total grade as a % of total gross loans	97.7		%	0.1		%	2.2		%	—		%	—		%

September 30, 2014	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,424,624		$	2,793		$	130,339		$	—		$	—		$	5,557,756
Construction - speculative	81,931			—			5,104			—			—			87,035
Construction - custom	192,098			—			—			—			—			192,098
Land - acquisition & development	61,949			—			6,117			—			—			68,066
Land - consumer lot loans	107,979			—			610			—			—			108,589
Multi-family	887,639			—			4,556			—			—			892,195
Commercial real estate	495,892			1,971			31,441			—			—			529,304
Commercial & industrial	359,168			14,740			5,265			—			—			379,173
HELOC	115,794			—			248			—			—			116,042
Consumer	132,444			—			241			—			—			132,685
	7,859,518			19,504			183,921			—			—			8,062,943
Non-impaired acquired loans
Single-family residential	11,716			—			—			—			—			11,716
Land - acquisition & development	503			—			402			—			—			905
Land - consumer lot loans	2,502			—			—			—			—			2,502
Multi-family	2,999			—			—			—			—			2,999
Commercial real estate	88,940			2,571			6,353			—			—			97,864
Commercial & industrial	36,309			13,642			1,375			58			—			51,384
HELOC	8,274			—			—			—			—			8,274
Consumer	5,670			—			—			—			—			5,670
	156,913			16,213			8,130			58			—			181,314
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,251			—			330			—			—			1,581
Pool 2 - Single-family residential	325			—			—			—			—			325
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,194			—			—			—			—			10,194
Pool 5 - Commercial real estate	48,867			2,143			12,702			—			—			63,712
Pool 6 - Commercial & industrial	643			—			2,833			—			—			3,476
Total credit impaired acquired loans	61,280			2,143			15,865			—			—			79,288
Total gross loans	$	8,077,711		$	37,860		$	207,916		$	58		$	—		$	8,323,545
Total grade as a % of total gross loans	97.2		%	0.4		%	2.4		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

June 30, 2015	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,490,303	99.0	%	$	56,638	1.0	%
Construction - speculative	116,949		99.4		762		0.6
Construction - custom	204,559		99.8		355		0.2
Land - acquisition & development	71,471		100.0		—		—
Land - consumer lot loans	101,128		98.4		1,308		1.6
Multi-family	1,012,250		99.8		786		0.2
Commercial real estate	693,479		99.7		2,852		0.3
Commercial & industrial	450,124		99.8		1,205		0.2
HELOC	121,985		99.3		889		0.7
Consumer	205,437		99.8		513		0.2
	$	8,467,685	99.2	%	$	65,308	0.8	%

September 30, 2014	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,486,136	98.7	%	$	74,067	1.3	%
Construction - speculative	138,583		98.9		1,477		1.1
Construction - custom	385,824		100.0		—		—
Land - acquisition & development	77,021		99.0		811		1.0
Land - consumer lot loans	105,986		97.6		2,637		2.4
Multi-family	915,544		99.8		1,742		0.2
Commercial real estate	586,230		99.1		5,106		0.9
Commercial & industrial	379,219		100.0		7		—
HELOC	115,247		99.3		795		0.7
Consumer	131,801		99.4		789		0.6
	$	8,321,591	99.0	%	$	87,431	1.0	%

The following table provides information on impaired loan balances and the related allowances by loan types as of June 30, 2015 and September 30, 2014:

June 30, 2015	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	21,524	$	24,151	$	—		$	20,724
Construction - speculative	613		808		—			615
Construction - custom	355		355		—			178
Land - acquisition & development	680		1,223		—			683
Land - consumer lot loans	1,101		1,187		—			969
Multi-family	1,531		1,531		—			1,138
Commercial real estate	10,416		14,797		—			9,795
Commercial & industrial	4,340		18,276		—			5,664
HELOC	1,008		1,819		—			905
Consumer	414		627		—			414
	41,982		64,774		—			41,085
With an allowance recorded:
Single-family residential	275,179		279,043		8,057			275,889
Construction - speculative	6,371		7,161		—			6,389
Construction - custom	—		—		—			—
Land - acquisition & development	3,536		4,476		—			3,571
Land - consumer lot loans	11,540		11,805		—			11,627
Multi-family	3,843		3,843		—			3,853
Commercial real estate	19,251		21,206		—			19,962
Commercial & industrial	—		—		—			—
HELOC	1,394		1,394		—			1,394
Consumer	120		291		—			121
	321,234		329,219		8,057		(1)	322,806
Total:
Single-family residential	296,703		303,194		8,057			296,613
Construction - speculative	6,984		7,969		—			7,004
Construction - custom	355		355		—			178
Land - acquisition & development	4,216		5,699		—			4,254
Land - consumer lot loans	12,641		12,992		—			12,596
Multi-family	5,374		5,374		—			4,991
Commercial real estate	29,667		36,003		—			29,757
Commercial & industrial	4,340		18,276		—			5,664
HELOC	2,402		3,213		—			2,299
Consumer	534		918		—			535
	$	363,216	$	393,993	$	8,057	(1)	$	363,891

(1)Included in the general reserves.

September 30, 2014	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	24,044	$	26,628	$	—		$	16,843
Construction - speculative	1,603		2,173		—			1,804
Land - acquisition & development	837		2,325		—			1,038
Land - consumer lot loans	974		1,072		—			713
Multi-family	1,111		1,111		—			327
Commercial real estate	13,234		20,085		—			11,720
Commercial & industrial	3,195		17,166		—			3,900
HELOC	1,019		1,730		—			612
Consumer	663		833		—			517
	46,680		73,123		—			37,474
With an allowance recorded:
Single-family residential	322,320		327,869		10,527			316,348
Construction - speculative	7,556		7,986		60			7,532
Land - acquisition & development	4,696		5,636		—			4,114
Land - consumer lot loans	13,002		13,385		—			12,858
Multi-family	5,243		5,463		—			4,957
Commercial real estate	34,159		35,028		—			18,572
HELOC	1,486		1,486		—			1,204
Consumer	43		214		—			79
	388,505		397,067		10,587		(1)	365,664
Total:
Single-family residential	346,364		354,497		10,527			333,191
Construction - speculative	9,159		10,159		60			9,336
Land - acquisition & development	5,533		7,961		—			5,152
Land - consumer lot loans	13,976		14,457		—			13,571
Multi-family	6,354		6,574		—			5,284
Commercial real estate	47,393		55,113		—			30,292
Commercial & industrial	3,195		17,166		—			3,900
HELOC	2,505		3,216		—			1,816
Consumer	706		1,047		—			596
	$	435,185	$	470,190	$	10,587	(1)	$	403,138

(1) Includes $60,000 of specific reserves and $10,527,000 included in the general reserves.

XML

Loans Receivable (excluding Covered Loans)

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Loans Receivable (excluding Covered Loans)

Loans Receivable (excluding Covered Loans)

	June 30, 2015				September 30, 2014
	(In thousands)
Non-acquired loans
Single-family residential	$	5,549,746	60.1	%	$	5,560,203	64.1	%
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	87,382		0.9		77,832		0.9
Land - consumer lot loans	102,495		1.1		108,623		1.3
Multi-family	1,089,682		11.8		917,286		10.6
Commercial real estate	808,539		8.7		591,336		6.9
Commercial & industrial	451,478		4.9		379,226		4.4
HELOC	122,870		1.3		116,042		1.4
Consumer	205,932		2.2		132,590		1.5
Total non-acquired loans	8,975,217		97.1		8,409,022		97.2
Non-impaired acquired loans
Single-family residential	12,895		0.1		11,716		0.1
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,028		—		905		—
Land - consumer lot loans	2,472		—		2,507		—
Multi-family	3,692		—		2,999		—
Commercial real estate	102,089		1.1		97,898		1.1
Commercial & industrial	57,614		0.6		51,386		0.6
HELOC	6,414		0.1		8,274		0.1
Consumer	2,916		—		5,670		0.1
Total non-impaired acquired loans	189,120		1.9		181,355		2.0
Credit-impaired acquired loans
Single-family residential	6,288		0.1		325		—
Construction - speculative	—		—		—		—
Land - acquisition & development	1,842		—		1,622		—
Land - consumer lot loans	496		—		—		—
Multi-family	—		—		—		—
Commercial real estate	71,196		0.8		63,723		0.7
Commercial & industrial	3,881		—		3,476		—
HELOC	8,553		0.1		10,139		0.1
Consumer	108		—		55		—
Total credit-impaired acquired loans	92,364		1.0		79,340		0.8
Total loans
Single-family residential	5,568,929		60.3		5,572,244		64.2
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	90,252		0.9		80,359		0.9
Land - consumer lot loans	105,463		1.1		111,130		1.3
Multi-family	1,093,374		11.8		920,285		10.6
Commercial real estate	981,824		10.6		752,957		8.7

Commercial & industrial	512,973		5.5		434,088		5.0
HELOC	137,837		1.5		134,455		1.6
Consumer	208,956		2.2		138,315		1.6
Total Loans	9,256,701		100	%	8,669,717		100	%
Less:
Allowance for probable losses	105,611				112,347
Loans in process	438,941				346,172
Discount on acquired loans	28,399				25,391
Deferred net origination fees	38,141				37,485
	611,092				521,395
	$	8,645,609			$	8,148,322

Changes in the carrying amount and accretable yield for acquired non-impaired and credit-impaired loans (excluding covered loans) for the nine months ended June 30, 2015 and June 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	32,591		$	57,771		$	4,254		$	177,440
Transfer from covered loans (2)	23,167			15,866			1,482			33,649
Additions	—			—			346			—
Accretion	(11,501		)	11,501			(2,427		)	2,427
Transfers to REO	—			(458		)	—			—
Payments received, net	—			(18,140		)	—			(27,556		)
Balance as of end of period	$	44,257		$	66,540		$	3,655		$	185,960
(1) reclassification due to improvements in expected cash flows of the underlying loans
(2) reclassification from covered to non-covered due to expiration of loss share agreement

June 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Reclassification from nonaccretable balance, net (1)	7,300			—			—			—
Accretion	(8,884		)	8,884			(606		)	606
Transfers to REO	—			(1,188		)	—			(4,710		)
Payments received, net	—			(17,616		)	—			(48,988		)
Balance as of end of period	$	35,652		$	59,798		$	4,371		$	192,281
(1) reclassification due to improvements in expected cash flows of the underlying loans.

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

	June 30, 2015				September 30, 2014
	(In thousands)
Non-accrual loans:
Single-family residential	$	56,638	86.7	%	$	74,067	84.8	%
Construction - speculative	762		1.2		1,477		1.7
Construction - custom	355		0.5		—		—
Land - acquisition & development	—		—		811		0.9
Land - consumer lot loans	1,308		2.0		2,637		3.0
Multi-family	786		1.2		1,742		2.0
Commercial real estate	2,852		4.4		5,106		5.8
Commercial & industrial	1,205		1.8		7		—
HELOC	889		1.4		795		0.9
Consumer	513		0.8		789		0.9
Total non-accrual loans	$	65,308	100	%	$	87,431	100	%

The Company recognized interest income on nonaccrual loans of approximately $5,272,000 in the nine months endedJune 30, 2015. Had these loans performed according to their original contract terms, the Company would have recognized interest income of approximately $2,421,000 for the nine months endedJune 30, 2015. The recognized interest income may include more than nine months of interest for some of the loans that were brought current.

In addition to the nonaccrual loans reflected in the above table, the Company had $94,346,000 of loans that were less than 90 days delinquent at June 30, 2015 but which it had classified as substandard for one or more reasons.

The following tables provide an analysis of the age of loans (net of LIP and excluding covered loans) in past due status as of June 30, 2015 and September 30, 2014, respectively.

June 30, 2015	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,546,941	$	5,473,728	$	14,525	$	8,585	$	50,103	$	73,213	1.32	%
Construction - speculative	117,711		117,711		—		—		—		—		—
Construction - custom	204,914		204,140		310		109		355		774		0.38
Land - acquisition & development	72,856		72,429		427		—		—		427		0.59
Land - consumer lot loans	102,436		99,717		595		85		2,039		2,719		2.65
Multi-family	1,013,745		1,012,704		—		421		620		1,041		0.10
Commercial real estate	697,960		696,678		421		57		804		1,282		0.18
Commercial & industrial	451,473		451,404		69		—		—		69		0.02
HELOC	122,874		121,836		401		62		575		1,038		0.84
Consumer	205,950		205,259		519		172		—		691		0.34
Total non-acquired loans	8,536,860		8,455,606		17,267		9,491		54,496		81,254		0.95
Non-impaired acquired loans
Single-family residential	12,895		12,872		—		—		23		23		0.18
Land - acquisition & development	1,028		1,028		—		—		—		—		—
Land - consumer lot loans	2,472		2,339		—		16		117		133		5.38
Multi-family	3,692		3,692		—		—		—		—		—
Commercial real estate	101,542		101,369		—		—		173		173		0.17
Commercial & industrial	57,612		57,574		—		—		38		38		0.07
HELOC	6,414		5,973		224		217		—		441		6.88
Consumer	2,897		2,491		48		—		358		406		14.01
Total non-impaired acquired loans	188,552		187,338		272		233		709		1,214		0.64
Credit-impaired acquired loans
Single-family residential	6,284		6,284		—		—		—		—		—
Land - acquisition & development	1,842		771		203		—		868		1,071		58.14
Land - consumer lot loans	495		495		—		—		—		—		NM
Commercial real estate	71,189		69,448		608		—		1,133		1,741		2.45
Commercial & industrial	3,881		3,058		—		—		823		823		21.21
HELOC	8,549		8,236		—		—		313		313		3.66
Consumer	108		108		—		—		—		—		—
Total credit-impaired acquired loans	92,348		88,400		811		—		3,137		3,948		4.28
Total Loans	$	8,817,760	$	8,731,344	$	18,350	$	9,724	$	58,342	$	86,416	0.98	%

September 30, 2014	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,557,753	$	5,467,239	$	15,926	$	9,139	$	65,449	$	90,514	1.63	%
Construction - speculative	87,035		87,035		—		—		—		—		—
Construction - custom	192,098		191,262		836		—		—		836		0.44
Land - acquisition & development	68,066		67,911		155		—		—		155		0.23
Land - consumer lot loans	108,589		104,571		1,246		304		2,468		4,018		3.70
Multi-family	892,196		891,372		205		16		603		824		0.09
Commercial real estate	529,453		513,409		67		15,118		859		16,044		3.03
Commercial & industrial	379,226		377,848		53		1,318		7		1,378		0.36
HELOC	116,262		115,262		335		292		373		1,000		0.86
Consumer	132,686		131,642		654		262		128		1,044		0.79
Total non-acquired loans	8,063,364		7,947,551		19,477		26,449		69,887		115,813		1.44
Non-impaired acquired loans
Single-family residential	11,716		11,693		—		—		23		23		0.20
Land - acquisition & development	905		905		—		—		—		—		—
Land - consumer lot loans	2,502		2,132		—		370		—		370		14.79
Multi-family	2,999		2,999		—		—		—		—		—
Commercial real estate	97,715		96,948		104		—		663		767		0.78
Commercial & industrial	51,329		51,229		—		100		—		100		0.19
HELOC	8,056		8,056		—		—		—		—		—
Consumer	5,670		4,983		22		4		661		687		12.12
Total non-impaired acquired loans	180,892		178,945		126		474		1,347		1,947		1.08
Credit-impaired acquired loans
Single-family residential	325		325		—		—		—		—		—
Land - acquisition & development	1,581		1,581		—		—		—		—		—
Commercial real estate	63,713		61,713		152		909		939		2,000		3.14
Commercial & industrial	3,477		3,470		7		—		—		7		0.20
HELOC	10,138		9,641		—		75		422		497		4.90
Consumer	54		54		—		—		—		—		—
Total credit-impaired acquired loans	79,288		76,784		159		984		1,361		2,504		3.16
Total Loans	$	8,323,544	$	8,203,280	$	19,762	$	27,907	$	72,595	$	120,264	1.44	%

Most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. As of June 30, 2015, 95.9% of the Bank's $321,481,000 in TDRs were classified as performing. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of June 30, 2015, single-family residential loans comprised 85.7% of TDRs.

The Company reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area.

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

	Quarter Ended June 30,
	2015					2014
		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	8	$	1,611	$	1,611	48	$	10,693	$	10,693
Land - acquisition & development	—	—		—		3	756		756
Land - consumer lot loans	2	203		203		5	573		573
Commercial real estate	—	—		—		2	1,398		1,398
	10	$	1,814	$	1,814	58	$	13,420	$	13,420
	Nine Months Ended June 30,
	2015					2014
		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	57	13,875		13,875		199	45,132		45,132
Construction - speculative	2	718		718		—	—		—
Construction - custom	2	532		532		—	—		—
Land - consumer lot loans	6	923		923		10	1,746		1,746
Multi-family	—	—		—		2	1,201		1,201
Commercial real estate	3	3,175		3,175		3	2,197		2,197
HELOC	—	—		—		1	261		261
Consumer	1	85		85		3	207		207
	71	$	19,308	$	19,308	221	$	51,500	$	51,500

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

	Quarter Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	9	$	1,594	17	$	3,088
Land - consumer lot loans	2	301		1	69
Consumer	—	—		1	170
	11	$	1,895	19	$	3,327
	Nine Months Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	19	$	3,329	42	$	9,206
Land - consumer lot loans	7	991		4	445
Consumer	—	—		1	170
	26	$	4,320	47	$	9,821

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Derivatives and Hedging Activities (Tables)

9 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value and Balance Sheet Classification

Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

		June 30, 2015				September 30, 2014
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	349,550	$	349,550	$	781,843	$	781,843
Available-for-sale securities
Equity securities	1	102,447		102,447		101,387		101,387
Obligations of U.S. government	2	529,472		529,472		731,943		731,943
Obligations of states and political subdivisions	2	27,275		27,275		23,681		23,681
Corporate debt securities	2	528,716		528,716		509,007		509,007
Mortgage-backed securities
Agency pass-through certificates	2	1,328,852		1,328,852		1,584,508		1,584,508
Other Commercial MBS	2	107,612		107,612		98,916		98,916
Total available-for-sale securities		2,624,374		2,624,374		3,049,442		3,049,442
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	2	1,586,514		1,553,716		1,548,265		1,499,218
Total held-to-maturity securities		1,586,514		1,553,716		1,548,265		1,499,218
Loans receivable	3	8,645,609		9,175,928		8,148,322		8,667,771
Covered loans	3	77,311		81,737		176,476		176,761
FDIC indemnification asset	3	18,783		18,263		36,860		35,976
FHLB and FRB stock	2	103,189		103,189		158,839		158,839
Bank owned life insurance	2	101,720		101,720		—		—
Other assets - interest rate contracts	2	—		5,429		—		2,879
Financial liabilities
Customer accounts	2	10,578,385		9,830,817		10,716,928		9,946,586
FHLB advances	2	1,730,000		1,833,413		1,930,000		2,054,437
Other liabilities - interest rate contracts	2	—		5,429		—		2,879
Other liabilities - long term borrowing hedge	2	—		3,914		—		268

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2015 and September 30, 2014:

Asset Derivatives

Liability Derivatives

June 30, 2015

September 30, 2014

June 30, 2015

September 30, 2014

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

5,429

Other assets

$

2,879

Other liabilities

$

5,429

Other liabilities

$

2,879

Long term borrowing hedge

Other assets

—

Other assets

—

Other liabilities

3,914

Other liabilities

268

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Loans Receivable (excluding Covered Loans) (Tables)

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	June 30, 2015				September 30, 2014
	(In thousands)
Non-acquired loans
Single-family residential	$	5,549,746	60.1	%	$	5,560,203	64.1	%
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	87,382		0.9		77,832		0.9
Land - consumer lot loans	102,495		1.1		108,623		1.3
Multi-family	1,089,682		11.8		917,286		10.6
Commercial real estate	808,539		8.7		591,336		6.9
Commercial & industrial	451,478		4.9		379,226		4.4
HELOC	122,870		1.3		116,042		1.4
Consumer	205,932		2.2		132,590		1.5
Total non-acquired loans	8,975,217		97.1		8,409,022		97.2
Non-impaired acquired loans
Single-family residential	12,895		0.1		11,716		0.1
Construction - speculative	—		—		—		—
Construction - custom	—		—		—		—
Land - acquisition & development	1,028		—		905		—
Land - consumer lot loans	2,472		—		2,507		—
Multi-family	3,692		—		2,999		—
Commercial real estate	102,089		1.1		97,898		1.1
Commercial & industrial	57,614		0.6		51,386		0.6
HELOC	6,414		0.1		8,274		0.1
Consumer	2,916		—		5,670		0.1
Total non-impaired acquired loans	189,120		1.9		181,355		2.0
Credit-impaired acquired loans
Single-family residential	6,288		0.1		325		—
Construction - speculative	—		—		—		—
Land - acquisition & development	1,842		—		1,622		—
Land - consumer lot loans	496		—		—		—
Multi-family	—		—		—		—
Commercial real estate	71,196		0.8		63,723		0.7
Commercial & industrial	3,881		—		3,476		—
HELOC	8,553		0.1		10,139		0.1
Consumer	108		—		55		—
Total credit-impaired acquired loans	92,364		1.0		79,340		0.8
Total loans
Single-family residential	5,568,929		60.3		5,572,244		64.2
Construction - speculative	181,668		2.0		140,060		1.6
Construction - custom	375,425		4.1		385,824		4.5
Land - acquisition & development	90,252		0.9		80,359		0.9
Land - consumer lot loans	105,463		1.1		111,130		1.3
Multi-family	1,093,374		11.8		920,285		10.6
Commercial real estate	981,824		10.6		752,957		8.7

Commercial & industrial	512,973		5.5		434,088		5.0
HELOC	137,837		1.5		134,455		1.6
Consumer	208,956		2.2		138,315		1.6
Total Loans	9,256,701		100	%	8,669,717		100	%
Less:
Allowance for probable losses	105,611				112,347
Loans in process	438,941				346,172
Discount on acquired loans	28,399				25,391
Deferred net origination fees	38,141				37,485
	611,092				521,395
	$	8,645,609			$	8,148,322

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

Changes in the carrying amount and accretable yield for acquired non-impaired and credit-impaired loans (excluding covered loans) for the nine months ended June 30, 2015 and June 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	32,591		$	57,771		$	4,254		$	177,440
Transfer from covered loans (2)	23,167			15,866			1,482			33,649
Additions	—			—			346			—
Accretion	(11,501		)	11,501			(2,427		)	2,427
Transfers to REO	—			(458		)	—			—
Payments received, net	—			(18,140		)	—			(27,556		)
Balance as of end of period	$	44,257		$	66,540		$	3,655		$	185,960
(1) reclassification due to improvements in expected cash flows of the underlying loans
(2) reclassification from covered to non-covered due to expiration of loss share agreement

June 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236		$	69,718		$	4,977		$	245,373
Reclassification from nonaccretable balance, net (1)	7,300			—			—			—
Accretion	(8,884		)	8,884			(606		)	606
Transfers to REO	—			(1,188		)	—			(4,710		)
Payments received, net	—			(17,616		)	—			(48,988		)
Balance as of end of period	$	35,652		$	59,798		$	4,371		$	192,281
(1) reclassification due to improvements in expected cash flows of the underlying loans.

Summary of Information Regarding Non-Accrual Loans

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

	June 30, 2015				September 30, 2014
	(In thousands)
Non-accrual loans:
Single-family residential	$	56,638	86.7	%	$	74,067	84.8	%
Construction - speculative	762		1.2		1,477		1.7
Construction - custom	355		0.5		—		—
Land - acquisition & development	—		—		811		0.9
Land - consumer lot loans	1,308		2.0		2,637		3.0
Multi-family	786		1.2		1,742		2.0
Commercial real estate	2,852		4.4		5,106		5.8
Commercial & industrial	1,205		1.8		7		—
HELOC	889		1.4		795		0.9
Consumer	513		0.8		789		0.9
Total non-accrual loans	$	65,308	100	%	$	87,431	100	%

Analysis of Age of Loans in Past Due Status

The following tables provide an analysis of the age of loans (net of LIP and excluding covered loans) in past due status as of June 30, 2015 and September 30, 2014, respectively.

June 30, 2015	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,546,941	$	5,473,728	$	14,525	$	8,585	$	50,103	$	73,213	1.32	%
Construction - speculative	117,711		117,711		—		—		—		—		—
Construction - custom	204,914		204,140		310		109		355		774		0.38
Land - acquisition & development	72,856		72,429		427		—		—		427		0.59
Land - consumer lot loans	102,436		99,717		595		85		2,039		2,719		2.65
Multi-family	1,013,745		1,012,704		—		421		620		1,041		0.10
Commercial real estate	697,960		696,678		421		57		804		1,282		0.18
Commercial & industrial	451,473		451,404		69		—		—		69		0.02
HELOC	122,874		121,836		401		62		575		1,038		0.84
Consumer	205,950		205,259		519		172		—		691		0.34
Total non-acquired loans	8,536,860		8,455,606		17,267		9,491		54,496		81,254		0.95
Non-impaired acquired loans
Single-family residential	12,895		12,872		—		—		23		23		0.18
Land - acquisition & development	1,028		1,028		—		—		—		—		—
Land - consumer lot loans	2,472		2,339		—		16		117		133		5.38
Multi-family	3,692		3,692		—		—		—		—		—
Commercial real estate	101,542		101,369		—		—		173		173		0.17
Commercial & industrial	57,612		57,574		—		—		38		38		0.07
HELOC	6,414		5,973		224		217		—		441		6.88
Consumer	2,897		2,491		48		—		358		406		14.01
Total non-impaired acquired loans	188,552		187,338		272		233		709		1,214		0.64
Credit-impaired acquired loans
Single-family residential	6,284		6,284		—		—		—		—		—
Land - acquisition & development	1,842		771		203		—		868		1,071		58.14
Land - consumer lot loans	495		495		—		—		—		—		NM
Commercial real estate	71,189		69,448		608		—		1,133		1,741		2.45
Commercial & industrial	3,881		3,058		—		—		823		823		21.21
HELOC	8,549		8,236		—		—		313		313		3.66
Consumer	108		108		—		—		—		—		—
Total credit-impaired acquired loans	92,348		88,400		811		—		3,137		3,948		4.28
Total Loans	$	8,817,760	$	8,731,344	$	18,350	$	9,724	$	58,342	$	86,416	0.98	%

September 30, 2014	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
	(In thousands)
Non-acquired loans
Single-family residential	$	5,557,753	$	5,467,239	$	15,926	$	9,139	$	65,449	$	90,514	1.63	%
Construction - speculative	87,035		87,035		—		—		—		—		—
Construction - custom	192,098		191,262		836		—		—		836		0.44
Land - acquisition & development	68,066		67,911		155		—		—		155		0.23
Land - consumer lot loans	108,589		104,571		1,246		304		2,468		4,018		3.70
Multi-family	892,196		891,372		205		16		603		824		0.09
Commercial real estate	529,453		513,409		67		15,118		859		16,044		3.03
Commercial & industrial	379,226		377,848		53		1,318		7		1,378		0.36
HELOC	116,262		115,262		335		292		373		1,000		0.86
Consumer	132,686		131,642		654		262		128		1,044		0.79
Total non-acquired loans	8,063,364		7,947,551		19,477		26,449		69,887		115,813		1.44
Non-impaired acquired loans
Single-family residential	11,716		11,693		—		—		23		23		0.20
Land - acquisition & development	905		905		—		—		—		—		—
Land - consumer lot loans	2,502		2,132		—		370		—		370		14.79
Multi-family	2,999		2,999		—		—		—		—		—
Commercial real estate	97,715		96,948		104		—		663		767		0.78
Commercial & industrial	51,329		51,229		—		100		—		100		0.19
HELOC	8,056		8,056		—		—		—		—		—
Consumer	5,670		4,983		22		4		661		687		12.12
Total non-impaired acquired loans	180,892		178,945		126		474		1,347		1,947		1.08
Credit-impaired acquired loans
Single-family residential	325		325		—		—		—		—		—
Land - acquisition & development	1,581		1,581		—		—		—		—		—
Commercial real estate	63,713		61,713		152		909		939		2,000		3.14
Commercial & industrial	3,477		3,470		7		—		—		7		0.20
HELOC	10,138		9,641		—		75		422		497		4.90
Consumer	54		54		—		—		—		—		—
Total credit-impaired acquired loans	79,288		76,784		159		984		1,361		2,504		3.16
Total Loans	$	8,323,544	$	8,203,280	$	19,762	$	27,907	$	72,595	$	120,264	1.44	%

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 June 30,
	2015					2014
		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	8	$	1,611	$	1,611	48	$	10,693	$	10,693
Land - acquisition & development	—	—		—		3	756		756
Land - consumer lot loans	2	203		203		5	573		573
Commercial real estate	—	—		—		2	1,398		1,398
	10	$	1,814	$	1,814	58	$	13,420	$	13,420
	Nine Months Ended June 30,
	2015					2014
		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	57	13,875		13,875		199	45,132		45,132
Construction - speculative	2	718		718		—	—		—
Construction - custom	2	532		532		—	—		—
Land - consumer lot loans	6	923		923		10	1,746		1,746
Multi-family	—	—		—		2	1,201		1,201
Commercial real estate	3	3,175		3,175		3	2,197		2,197
HELOC	—	—		—		1	261		261
Consumer	1	85		85		3	207		207
	71	$	19,308	$	19,308	221	$	51,500	$	51,500

Schedule of Loan Modifications

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

	Quarter Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	9	$	1,594	17	$	3,088
Land - consumer lot loans	2	301		1	69
Consumer	—	—		1	170
	11	$	1,895	19	$	3,327
	Nine Months Ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(In thousands)			(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	19	$	3,329	42	$	9,206
Land - consumer lot loans	7	991		4	445
Consumer	—	—		1	170
	26	$	4,320	47	$	9,821

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Covered Assets

9 Months Ended

Jun. 30, 2015

Covered Assets [Abstract]

Covered Assets

Covered Assets

Covered assets represent loans and real estate held for sale acquired from the FDIC that are subject to loss sharing agreements and these net balances were $81,745,000 as of June 30, 2015 compared to $200,558,000 as of September 30, 2014. The FDIC loss share coverage for the acquired commercial loans from the former Horizon Bank of $47,774,000 expired as of March 31, 2015 with final reporting as of April 30, 2015 and these loans were transferred to non-covered loans receivable. Recoveries to the extent that claims were made will continue to be shared through March 31, 2018. As of June 30, 2015, there were $38,712,000 of commercial loans from the former Home Valley Bank which are scheduled to have their loss share expire on September 30, 2015. The FDIC loss share coverage for single family residential loans will continue for another five years.

Changes in the net carrying amount and accretable yield for acquired impaired and non-impaired covered loans for the year to date period ended June 30, 2015 and the fiscal year ended September 30, 2014 were as follows:

June 30, 2015	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Net Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	64,534		$	78,055		$	10,259		$	98,422
Transfer to non-covered	(23,167		)	(15,866		)	(1,482		)	(33,649		)
Reclassification from nonaccretable balance, net	6,307			—			—			—
Accretion	(11,577		)	11,577			(4,358		)	4,358
Transfers to REO	—			(1,893		)	—			—
Payments received, net	—			(19,845		)	—			(43,848		)
Balance at end of period	$	36,097		$	52,028		$	4,419		$	25,283

September 30, 2014	Acquired Impaired						Acquired Non-impaired
	Accretable Yield			Net Carrying Amount of Loans			Accretable Yield			Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	78,277		$	138,091		$	17,263		$	157,856
Reclassification from nonaccretable balance, net	10,186			(2,069		)	—			—
Accretion	(23,929		)	23,929			(7,004		)	7,004
Transfers to REO	—			(8,943		)	—			—
Payments received, net	—			(72,953		)	—			(66,438		)
Balance at end of period	$	64,534		$	78,055		$	10,259		$	98,422

At June 30, 2015, none of the acquired impaired or non-impaired covered loans were classified as non-performing assets. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

The outstanding principal balance of acquired covered loans was $81,164,000 and $213,203,000 as of June 30, 2015 and September 30, 2014, respectively. The discount balance related to the acquired covered loans was $3,853,000 and $34,483,000 as of June 30, 2015 and September 30, 2014, respectively.

There is no allowance for covered loans as of June 30, 2015. There was an allowance of $2,244,000 as of September 30, 2014.

The allowance for credit losses related to the acquired loans as of September 30, 2014 results from decreased expectations of future cash flows due to increased credit losses for certain acquired loan pools. The allowance allocation was reversed during the quarter ended December 31, 2014 due to improvements in the expected future cash flows of certain acquired loan pools.

The following table shows the year to date activity for the FDIC indemnification asset:

	June 30, 2015			September 30, 2014
	(In thousands)
Balance at beginning of fiscal year 2015 and 2014	$	36,860		$	64,615
Additions and deletions (1)	(1,795		)	1,795
Payments made (received)	714			(2,502		)
Amortization	(17,418		)	(27,850		)
Accretion	422			802
Balance at end of period	$	18,783		$	36,860
(1) reclassification of ALLL allowance due to changes in cash flows

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of June 30, 2015 and September 30, 2014:

June 30, 2015	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	15,300		$	—		$	593		$	—		$	—		$	15,893
Commercial & industrial	—			—			28			—			—			28
HELOC	9,214			—			—			—			—			9,214
	$	24,514		$	—		$	621		$	—		$	—		$	25,135
Total grade as a % of total net loans	97.5		%	—		%	2.5		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	151		$	—		$	1,613		$	—		$	—		$	1,764
Pool 2 - Single-family residential	14,375			—			331			—			—			14,706
Pool 3 - Multi-family	48			—			377			—			—			425
Pool 4 - HELOC & other consumer	2,611			—			—			—			—			2,611
Pool 5 - Commercial real estate	23,805			—			11,048			—			—			34,853
Pool 6 - Commercial & industrial	394			—			1,276			—			—			1,670
	$	41,384		$	—		$	14,645		$	—		$	—		56,029
										Total covered loans						81,164
													Discount			(3,853		)
													Allowance			—
													Covered loans, net			$	77,311

September 30, 2014	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	21,311		$	—		$	1,756		$	—		$	—		$	23,067
Land - acquisition & development	972			—			392			—			—			1,364
Land - consumer lot loans	73			—			—			—			—			73
Multi-family	6,598			—			—			—			—			6,598
Commercial real estate	26,940			115			24,281			—			—			51,336
Commercial & industrial	2,801			—			2,691			—			—			5,492
HELOC	11,777			—			—			—			—			11,777
Consumer	454			—			—			—			—			454
	$	70,926		$	115		$	29,120		$	—		$	—		$	100,161
Total grade as a % of total net loans	70.8		%	0.1		%	29.1		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	8,349		$	—		$	11,912		$	—		$	—		$	20,261
Pool 2 - Single-family residential	15,585			—			379			—			—			15,964
Pool 3 - Multi-family	52			—			471			—			—			523
Pool 4 - HELOC & other consumer	2,804			—			1,173			—			—			3,977
Pool 5 - Commercial real estate	33,909			700			29,782			—			—			64,391
Pool 6 - Commercial & industrial	3,509			—			3,892			525			—			7,926
	$	64,208		$	700		$	47,609		$	525		$	—		113,042
										Total covered loans						213,203
													Discount			(34,483		)
													Allowance			(2,244		)
													Covered loans, net			$	176,476

The following tables provide an analysis of the age of acquired non credit-impaired covered loans in past due status as of June 30, 2015 and September 30, 2014:

June 30, 2015	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	15,893	$	15,300	$	—	$	214	$	379	$	593	3.73	%
Commercial & industrial	28		28		—		—		—		—		—
HELOC	9,214		9,204		10		—		—		10		0.11
	$	25,135	$	24,532	$	10	$	214	$	379	$	603	2.40	%

September 30, 2014	Amount of  Loans Net of LIP & Chg.-Offs		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loans			Current		30		60		90		Total Past Due
Single-family residential	$	23,067	$	22,391	$	230	$	40	$	406	$	676	2.93	%
Land - acquisition & development	1,364		1,328		—		—		36		36		2.64
Land - consumer lot loans	73		73		—		—		—		—		—
Multi-family	6,598		5,502		—		—		1,096		1,096		16.61
Commercial real estate	51,336		51,336		—		—		—		—		—
Commercial & industrial	5,492		5,492		—		—		—		—		—
HELOC	11,777		11,777		—		—		—		—		—
Consumer	454		443		11		—		—		11		2.42
	$	100,161	$	98,342	$	241	$	40	$	1,538	$	1,819	1.82	%

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New Accounting Pronouncements

9 Months Ended

Jun. 30, 2015

New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03,

Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. These amendments require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. These amendments are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. ASU 2015-02 may be applied retrospectively in previously issued financial statements for one or more years with a cumulative-effect adjustment to retained earnings. The Company does not expect this guidance to have a material impact on its consolidated financial statements.

In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase to Maturity Transactions, Repurchase Financings, and Disclosures. Under this new accounting guidance, repurchase-to-maturity transactions will be accounted for as secured borrowings rather than sales of an asset, and transfers of financial assets with contemporaneous repurchase financings will no longer be evaluated to determine whether they should be accounted for on a combined basis as forward contracts. The new guidance also prescribes additional disclosures particularly on the nature of collateral pledged in repurchase financings accounted for as secured borrowings. The amendments in this update were effective for the first interim or annual period beginning after December 31, 2014, with the exception of the collateral disclosures which will be effective for interim periods beginning after March 15, 2015. This guidance did not have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance does not apply to financial instruments. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017 and interim reporting periods within annual reporting periods beginning after December 15, 2017. The Company does not expect the new guidance to have a material impact on its consolidated financial statements.

In January 2014, the FASB issued ASU 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The new guidance clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. ASU 2014-04 is effective for annual and interim reporting periods within those annual periods, beginning after December 15, 2014. Adoption of the new guidance is not expected to have a significant impact on the Company's consolidated financial statements.

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Fair Value Measurements

9 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

U.S. GAAP defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active exchange markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

We have established and documented the Company's process for determining the fair values of the Company's assets and liabilities, where applicable. Fair value is based on quoted market prices, when available, for identical or similar assets or liabilities. In the absence of quoted market prices, fair value is determined using valuation models or third-party appraisals. The following is a description of the valuation methodologies used to measure and report the fair value of financial assets and liabilities on a recurring or nonrecurring basis:

Measured on a Recurring Basis

Securities

Securities available for sale are recorded at fair value on a recurring basis. Most securities at fair value are priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method. Securities that are traded on active exchanges are considered a Level 1 input method.

Bank owned life insurance is recorded at the fair values of insurance policies owned based on the insurance contracts' cash surrender values. These are considered a Level 2 input method.

The bank offers interest rate swaps to its variable rate borrowers who want to manage their interest rate risk. At the same time, the bank enters into the opposite trade with a counter party to offset its interest rate risk. The bank has also entered into long term borrowing hedges through forward starting interest rate swaps. The fair value of these interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique. These are considered a Level 2 input method.

The following tables present the balance of assets measured at fair value on a recurring basis at June 30, 2015 and September 30, 2014:

	Fair Value at June 30, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	102,447	$	—	$	—	$	102,447
Obligations of U.S. government	—		529,472		—		529,472
Obligations of states and political subdivisions	—		27,275		—		27,275
Corporate debt securities	—		528,716		—		528,716
Agency pass-through certificates	—		1,328,852		—		1,328,852
Other Commercial MBS	—		107,612		—		107,612
Total available-for-sale securities	102,447		2,521,927		—		2,624,374
Bank owned life insurance	—		101,720		—		101,720
Interest rate contracts	—		5,429		—		5,429
Total financial assets	$	102,447	$	2,629,076	$	—	$	2,731,523
Financial Liabilities
Interest rate contracts	—		5,429		—		5,429
Long term borrowing hedge	—		3,914		—		3,914
Total financial liabilities	$	—	$	9,343	$	—	$	9,343

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended June 30, 2015.

	Fair Value at September 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	101,387	$	—	$	—	$	101,387
Obligations of U.S. government	—		731,943		—		731,943
Obligations of states and political subdivisions	—		23,681		—		23,681
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		509,007		—		509,007
Mortgage-backed securities
Agency pass-through certificates	—		1,584,508		—		1,584,508
Other Commercial MBS	—		98,916		—		98,916
Total available-for-sale securities	101,387		2,948,055		—		3,049,442
Interest rate contracts	—		2,879		—		2,879
Total financial assets	$	101,387	$	2,950,934	$	—	$	3,052,321
Financial Liabilities
Interest rate contracts	—		2,879		—		2,879
Long term borrowing hedge	—		268		—		268
Total financial liabilities	$	—	$	3,147	$	—	$	3,147

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the fiscal year ended September 30, 2014.

Measured on a Nonrecurring Basis

Impaired Loans & Real Estate Held for Sale

Real estate held for sale consists principally of properties acquired through foreclosure. From time to time, and on a nonrecurring basis, fair value adjustments are recorded to reflect increases or decreases of principal balances based on the current appraisal or estimated value of the collateral, but only up to the fair value of the real estate owned as of the initial transfer date less selling costs.

When management determines that the fair value of the collateral or the real estate held for sale requires additional adjustments, either as a result of a non-current appraisal value or when there is no observable market price, the Company classifies the impaired loan or real estate held for sale as Level 3. Level 3 assets recorded at fair value on a nonrecurring basis at June 30, 2015 included loans for which a specific reserve allowance was established or a partial charge-off was recorded based on the fair value of collateral, as well as covered REO and real estate held for sale for which fair value of the properties was less than the cost basis.

The following tables present the aggregated balance of assets that were measured at estimated fair value on a nonrecurring basis at June 30, 2015 and June 30, 2014, and the total losses (gains) resulting from those fair value adjustments for the quarters and nine months ended June 30, 2015 and June 30, 2014. These estimated fair values are shown gross of estimated selling costs.

	Nine Months Ended June 30, 2015								Quarter Ended June 30, 2015			Nine Months Ended June 30, 2015
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	6,735	$	6,735	$	3,621		$	4,201
Covered REO (2)	—		—		1,950		1,950		(20		)	168
Real estate held for sale (2)	—		—		71,831		71,831		2,386			(8,571		)
Balance at end of period	$	—	$	—	$	80,516	$	80,516	$	5,987		$	(4,202	)

(1) The losses represent remeasurements of collateral-dependent loans.

(2) The (gains) losses represent net valuation adjustments on real estate held for sale.

	Nine Months Ended June 30, 2014								Quarter Ended June 30, 2014			Nine Months Ended June 30, 2014
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	10,156	$	10,156	$	(775	)	$	(1,311	)
Covered REO (2)	—		—		8,935		8,935		374			503
Real estate held for sale (2)	—		—		43,082		43,082		10,400			16,782
Balance at end of period	$	—	$	—	$	62,173	$	62,173	$	9,999		$	15,974

(1) The gains represents remeasurements of collateral-dependent loans.

(2) The losses represent aggregate net writedowns and charge-offs on real estate held for sale.

Impaired loans - The Company adjusts the carrying amount of impaired loans when there is evidence of probable loss and the expected fair value of the loan is less than its contractual amount. The amount of the impairment may be determined based on the estimated present value of future cash flows or the fair value of the underlying collateral. Impaired loans with a specific reserve allowance based on cash flow analysis or the value of the underlying collateral are classified as Level 3 assets.

The evaluations for impairment are prepared by the Problem Loan Review Committee, which is chaired by the Chief Credit Officer and includes the Loan Review manager and Special Credits manager, as well as senior credit officers, division managers and group executives, as applicable. These evaluations are performed in conjunction with the quarterly allowance for probable loan & lease losses process.

Applicable loans that were included in the previous quarter's review are reevaluated and if their values are materially different from the prior quarter evaluation, the underlying information (loan balance and collateral value) are compared. Material differences are evaluated for reasonableness and discussions are held between the relationship manager and their division manager to understand the difference and determine if any adjustment is necessary.

The inputs are developed and substantiated on a quarterly basis, based on current borrower developments, market conditions and collateral values. The following methods are used to value impaired loans:

• The fair value of the collateral, which may take the form of real estate or personal property, is based on internal estimates, field observations, assessments provided by third-party appraisers and other valuation models. The Company performs or reaffirms valuations of collateral-dependent impaired loans at least annually. Adjustments are made if management believes that more recent information is available and relevant with respect to the fair value of the collateral.

• The present value of the expected future cash flows of the collateral is used for measurement of non collateral-dependent loans to test for impairment. The Company calculates the amount and timing of the future cash flows, the effective interest rate to be used to discount the cash flows and the basis for determination of the cash flows, including consideration of current economic and environmental factors, as well as other information relating to current or previous conditions.

Real estate held for sale ("REO") - When a loan is reclassified from loan status to real estate held for sale due to the Company taking possession of the collateral, a Special Credits officer, along with the Special Credits manager, obtains a valuation, which may include appraisals or third-party price options, which is used to establish the fair value of the underlying collateral. The determined fair value, less selling costs, becomes the carrying value of the REO asset.

The fair value of REO assets is re-evaluated quarterly and the REO asset is adjusted to reflect the fair value as necessary. After foreclosure, the valuations are updated periodically and current market conditions may require the assets to be written down further or up to the cost basis established on the date of transfer. The carrying balance of REO assets are also written down or up once a bona fide offer is contractually accepted, through execution of a Purchase and Sale Agreement, where the accepted price is lower than the cost established on the transfer date.

Fair Values of Financial Instruments

U. S. GAAP requires disclosure of fair value information about financial instruments, whether or not recognized on the statement of financial condition, for which it is practicable to estimate those values. Certain financial instruments and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value estimates presented do not reflect the underlying fair value of the Company. Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

		June 30, 2015				September 30, 2014
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	349,550	$	349,550	$	781,843	$	781,843
Available-for-sale securities
Equity securities	1	102,447		102,447		101,387		101,387
Obligations of U.S. government	2	529,472		529,472		731,943		731,943
Obligations of states and political subdivisions	2	27,275		27,275		23,681		23,681
Corporate debt securities	2	528,716		528,716		509,007		509,007
Mortgage-backed securities
Agency pass-through certificates	2	1,328,852		1,328,852		1,584,508		1,584,508
Other Commercial MBS	2	107,612		107,612		98,916		98,916
Total available-for-sale securities		2,624,374		2,624,374		3,049,442		3,049,442
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	2	1,586,514		1,553,716		1,548,265		1,499,218
Total held-to-maturity securities		1,586,514		1,553,716		1,548,265		1,499,218
Loans receivable	3	8,645,609		9,175,928		8,148,322		8,667,771
Covered loans	3	77,311		81,737		176,476		176,761
FDIC indemnification asset	3	18,783		18,263		36,860		35,976
FHLB and FRB stock	2	103,189		103,189		158,839		158,839
Bank owned life insurance	2	101,720		101,720		—		—
Other assets - interest rate contracts	2	—		5,429		—		2,879
Financial liabilities
Customer accounts	2	10,578,385		9,830,817		10,716,928		9,946,586
FHLB advances	2	1,730,000		1,833,413		1,930,000		2,054,437
Other liabilities - interest rate contracts	2	—		5,429		—		2,879
Other liabilities - long term borrowing hedge	2	—		3,914		—		268

The following methods and assumptions were used to estimate the fair value of financial instruments:

Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value.

Available-for-sale securities and held-to-maturity securities – Securities at fair value are primarily priced using model pricing based on the securities' relationship to other benchmark quoted prices as provided by an independent third party, and under the provisions of the Fair Value Measurements and Disclosures topic of the FASB Accounting Standards Codification are considered a Level 2 input method. Equity securities which are exchange traded are considered a Level 1 input method.

Loans receivable and covered loans – For certain homogeneous categories of loans, such as fixed- and variable-rate residential mortgages, fair value is estimated for securities backed by similar loans, adjusted for differences in loan characteristics, using the same methodology described above for AFS and HTM securities. The fair value of other loan types is estimated by discounting the future cash flows and estimated prepayments using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term. Some loan types were valued at carrying value because of their floating rate or expected maturity characteristics. Net deferred loan fees are not included in the fair value calculation but are included in the carrying amount.

FDIC indemnification asset – The fair value of the indemnification asset is estimated by discounting the expected future cash flows using the current rates.

FHLB and FRB stock – The fair value is based upon the par value of the stock which equates to its carrying value.

Bank owned life insurance – Fair values of insurance policies owned are based on the insurance contracts' cash surrender values.

Customer accounts – The fair value of demand deposits, savings accounts, and money market accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the estimated future cash flows using the rates currently offered for deposits with similar remaining maturities.

FHLB advances – The fair value of FHLB advances and other borrowings is estimated by discounting the estimated future cash flows using rates currently available to the Company for debt with similar remaining maturities.

Interest Rate Contracts – The bank offers interest rate swaps to its variable rate borrowers who want to manage their interest rate risk. At the same time, the bank enters into the opposite trade with a counterparty to offset its interest rate risk. The fair value of these interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique.

Long Term Borrowing Hedges – The fair value of the forward starting interest rate swaps are estimated by a third party pricing service using a discounted cash flow technique.

The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of June 30, 2015, and September 30, 2014:

	June 30, 2015
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	135,967	$	2,078	$	(460	)	$	137,585	1.43	%
5 to 10 years	75,441		149		(7		)	75,583		1.20
Over 10 years	316,929		435		(1,060		)	316,304		1.31
Equity Securities
Within 1 year	500		18		—			518		1.80
1 to 5 years	100,000		1,929		—			101,929		1.90
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	39,702		283		—			39,985		0.68
1 to 5 years	303,094		1,414		—			304,508		0.81
5 to 10 years	133,306		1,814		(1,647		)	133,473		1.54
Over 10 years	50,000		750		—			50,750		3.00
Municipal bonds due
1 to 5 years	2,278		—		(1		)	2,277		1.23
5 to 10 years	1,295		—		(14		)	1,281		2.05
Over 10 years	20,387		3,330		—			23,717		6.45
Mortgage-backed securities
Agency pass-through certificates	1,316,686		14,988		(2,822		)	1,328,852		2.58
Other Commercial MBS	107,512		151		(51		)	107,612		1.48
	2,603,097		27,339		(6,062		)	2,624,374		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,586,514		6,193		(38,991		)	1,553,716		3.16
	$	4,189,611	$	33,532	$	(45,053	)	$	4,178,090	2.43	%

	September 30, 2014
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	171,154	$	2,585		$	(748	)	$	172,991	1.26	%
5 to 10 years	203,317		300			(102		)	203,515		1.45
Over 10 years	354,828		1,028			(419		)	355,437		1.25
Equity Securities
1 to 5 years	100,500		887			—			101,387		1.90
Corporate bonds due
Within 1 year	15,000		75			—			15,075		1.00
1 to 5 years	302,540		2,372			—			304,912		0.71
5 to 10 years	138,201		1,789			(970		)	139,020		1.43
Over 10 years	50,000		—			—			50,000		3.00
Municipal bonds due
Over 10 years	20,402		3,279			—			23,681		6.45
Mortgage-backed securities
Agency pass-through certificates	1,561,639		24,893			(2,024		)	1,584,508		2.57
Other Commercial MBS	98,851		65			—			98,916		1.49
	3,016,432		37,273			(4,263		)	3,049,442		1.99
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,548,265		4,855			(53,902		)	1,499,218		3.13
	$	4,564,697	$	42,128		$	(58,165	)	$	4,548,660	2.38	%

During the quarter ended June 30, 2015, there were $238,000,000 of available-for-sale securities sold for a gain of $9,639,000. There were no available-for-sale securities sold during the quarter ended June 30, 2014. Substantially all of the agency mortgage-backed securities have contractual due dates that exceed 10 years.

The following tables show the unrealized gross losses and fair value of securities as of June 30, 2015 and September 30, 2014, by length of time that individual securities in each category have been in a continuous loss position. The decline in fair value is attributable to changes in interest rates. Because the Company does not intend to sell these securities and does not consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other than temporarily impaired.

June 30, 2015	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(1,022	)	$	23,978	$	(625	)	$	34,375	$	(1,647	)	$	58,353
Municipal bonds due	(15		)	3,558		—			—		(15		)	3,558
U.S. government and agency securities due	(558		)	140,285		(969		)	142,318		(1,527		)	282,603
Agency pass-through certificates	(1,919		)	454,980		(39,945		)	1,360,218		(41,864		)	1,815,198
	$	(3,514	)	$	622,801	$	(41,539	)	$	1,536,911	$	(45,053	)	$	2,159,712

September 30, 2014	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(125	)	$	24,875	$	(845	)	$	24,155	$	(970	)	$	49,030
U.S. government and agency securities due	(472		)	316,578		(797		)	109,354		(1,269		)	425,932
Agency pass-through certificates	(215		)	19,212		(55,711		)	1,509,209		(55,926		)	1,528,421
	$	(812	)	$	360,665	$	(57,353	)	$	1,642,718	$	(58,165	)	$	2,003,383

XML

Derivatives and Hedging Activities

9 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging Activities

Derivatives and Hedging Activities

The Bank periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rate payments, while the Bank retains a variable rate loan. Under these agreements, the Bank enters into a variable rate loan agreement and a swap agreement with the client. The swap agreement effectively converts the client’s variable rate loan into a fixed rate. The Bank enters into a corresponding swap agreement with a third party in order to offset its exposure on the variable and fixed components of the client's swap agreement. The interest rate swap agreements with the clients and third parties are not designated as hedges under ASC 815, the Derivatives and Hedging topic; the instruments are marked to market in earnings.

The notional amount of open interest rate swap agreements at June 30, 2015 was $736,232,000 compared to $264,169,000 as of September 30, 2014. There was no impact to the statement of operations for the nine months ended June 30, 2015 as the asset and liability side of the swaps offset each other. The fee income related to swaps was $936,673 for the nine months ended June 30, 2015.

Additionally, the Bank had $400,000,000 in forward starting interest rate swaps to hedge future borrowing rates as of June 30, 2015. Their impact on accumulated other comprehensive income as of June 30, 2015 was an after-tax loss of $2,476,000. These derivatives are designated as cash flow hedging instruments in accordance with ASC 815.

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2015 and September 30, 2014:

Asset Derivatives

Liability Derivatives

June 30, 2015

September 30, 2014

June 30, 2015

September 30, 2014

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

5,429

Other assets

$

2,879

Other liabilities

$

5,429

Other liabilities

$

2,879

Long term borrowing hedge

Other assets

—

Other assets

—

Other liabilities

3,914

Other liabilities

268

XML

Loans Receivable (excluding Covered Loans) - Loan Modifications (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015 USD ($) contract	Jun. 30, 2014 USD ($) contract	Jun. 30, 2015 USD ($) contract	Jun. 30, 2014 USD ($) contract
Financing Receivable, Modifications [Line Items]
Number of contracts (in contracts) | contract	11	19	26	47
Recorded investment	$ 1,895	$ 3,327	$ 4,320	$ 9,821
Single-Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts (in contracts) | contract	9	17	19	42
Recorded investment	$ 1,594	$ 3,088	$ 3,329	$ 9,206
Land - Consumer Lot Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts (in contracts) | contract	2	1	7	4
Recorded investment	$ 301	$ 69	$ 991	$ 445
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts (in contracts) | contract	0	1	0	1
Recorded investment	$ 0	$ 170	$ 0	$ 170

XML

Derivatives and Hedging Activities (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Interest rate swap agreements
Derivative [Line Items]
Notional amount	$ 736,232,000	$ 264,169,000
Gain (loss) on derivative instruments	0
Fee income included in miscellaneous loan fees	937,000
Other assets | Interest rate contracts
Derivative [Line Items]
Asset derivatives, fair value	5,429,000	2,879,000
Other liabilities | Interest rate contracts
Derivative [Line Items]
Liability derivatives, fair value	5,429,000	2,879,000
Forward Contracts | Interest rate swap agreements
Derivative [Line Items]
Notional amount	400,000,000
Gain (loss) recognized in other comprehensive income (loss), effective portion, net	(2,476,000)
Forward Contracts | Other assets | Interest rate contracts
Derivative [Line Items]
Asset derivatives, fair value	0	0
Forward Contracts | Other liabilities | Interest rate contracts
Derivative [Line Items]
Liability derivatives, fair value	$ 3,914,000	$ 268,000

XML

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value of Assets Measured on Recurring Basis

The following tables present the balance of assets measured at fair value on a recurring basis at June 30, 2015 and September 30, 2014:

	Fair Value at June 30, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	102,447	$	—	$	—	$	102,447
Obligations of U.S. government	—		529,472		—		529,472
Obligations of states and political subdivisions	—		27,275		—		27,275
Corporate debt securities	—		528,716		—		528,716
Agency pass-through certificates	—		1,328,852		—		1,328,852
Other Commercial MBS	—		107,612		—		107,612
Total available-for-sale securities	102,447		2,521,927		—		2,624,374
Bank owned life insurance	—		101,720		—		101,720
Interest rate contracts	—		5,429		—		5,429
Total financial assets	$	102,447	$	2,629,076	$	—	$	2,731,523
Financial Liabilities
Interest rate contracts	—		5,429		—		5,429
Long term borrowing hedge	—		3,914		—		3,914
Total financial liabilities	$	—	$	9,343	$	—	$	9,343

There were no transfers between, into and/or out of Levels 1, 2 or 3 during the quarter ended June 30, 2015.

	Fair Value at September 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Financial Assets
Available-for-sale securities:
Equity securities	$	101,387	$	—	$	—	$	101,387
Obligations of U.S. government	—		731,943		—		731,943
Obligations of states and political subdivisions	—		23,681		—		23,681
Obligations of foreign governments	—		—		—		—
Corporate debt securities	—		509,007		—		509,007
Mortgage-backed securities
Agency pass-through certificates	—		1,584,508		—		1,584,508
Other Commercial MBS	—		98,916		—		98,916
Total available-for-sale securities	101,387		2,948,055		—		3,049,442
Interest rate contracts	—		2,879		—		2,879
Total financial assets	$	101,387	$	2,950,934	$	—	$	3,052,321
Financial Liabilities
Interest rate contracts	—		2,879		—		2,879
Long term borrowing hedge	—		268		—		268
Total financial liabilities	$	—	$	3,147	$	—	$	3,147

Aggregated Balance of Assets Measured at Estimated Fair Value on a Nonrecurring Basis and Total Losses Resulting from Those Fair Value Adjustments

The following tables present the aggregated balance of assets that were measured at estimated fair value on a nonrecurring basis at June 30, 2015 and June 30, 2014, and the total losses (gains) resulting from those fair value adjustments for the quarters and nine months ended June 30, 2015 and June 30, 2014. These estimated fair values are shown gross of estimated selling costs.

	Nine Months Ended June 30, 2015								Quarter Ended June 30, 2015			Nine Months Ended June 30, 2015
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	6,735	$	6,735	$	3,621		$	4,201
Covered REO (2)	—		—		1,950		1,950		(20		)	168
Real estate held for sale (2)	—		—		71,831		71,831		2,386			(8,571		)
Balance at end of period	$	—	$	—	$	80,516	$	80,516	$	5,987		$	(4,202	)

(1) The losses represent remeasurements of collateral-dependent loans.

(2) The (gains) losses represent net valuation adjustments on real estate held for sale.

	Nine Months Ended June 30, 2014								Quarter Ended June 30, 2014			Nine Months Ended June 30, 2014
	Level 1		Level  2		Level  3		Total		Total Losses (Gains)
	(In thousands)
Impaired loans (1)	$	—	$	—	$	10,156	$	10,156	$	(775	)	$	(1,311	)
Covered REO (2)	—		—		8,935		8,935		374			503
Real estate held for sale (2)	—		—		43,082		43,082		10,400			16,782
Balance at end of period	$	—	$	—	$	62,173	$	62,173	$	9,999		$	15,974

(1) The gains represents remeasurements of collateral-dependent loans.

(2) The losses represent aggregate net writedowns and charge-offs on real estate held for sale.

Fair Value of Financial Instruments by Balance Sheet Grouping

Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below.

		June 30, 2015				September 30, 2014
	Level in Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
		(In thousands)
Financial assets
Cash and cash equivalents	1	$	349,550	$	349,550	$	781,843	$	781,843
Available-for-sale securities
Equity securities	1	102,447		102,447		101,387		101,387
Obligations of U.S. government	2	529,472		529,472		731,943		731,943
Obligations of states and political subdivisions	2	27,275		27,275		23,681		23,681
Corporate debt securities	2	528,716		528,716		509,007		509,007
Mortgage-backed securities
Agency pass-through certificates	2	1,328,852		1,328,852		1,584,508		1,584,508
Other Commercial MBS	2	107,612		107,612		98,916		98,916
Total available-for-sale securities		2,624,374		2,624,374		3,049,442		3,049,442
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	2	1,586,514		1,553,716		1,548,265		1,499,218
Total held-to-maturity securities		1,586,514		1,553,716		1,548,265		1,499,218
Loans receivable	3	8,645,609		9,175,928		8,148,322		8,667,771
Covered loans	3	77,311		81,737		176,476		176,761
FDIC indemnification asset	3	18,783		18,263		36,860		35,976
FHLB and FRB stock	2	103,189		103,189		158,839		158,839
Bank owned life insurance	2	101,720		101,720		—		—
Other assets - interest rate contracts	2	—		5,429		—		2,879
Financial liabilities
Customer accounts	2	10,578,385		9,830,817		10,716,928		9,946,586
FHLB advances	2	1,730,000		1,833,413		1,930,000		2,054,437
Other liabilities - interest rate contracts	2	—		5,429		—		2,879
Other liabilities - long term borrowing hedge	2	—		3,914		—		268

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2015 and September 30, 2014:

Asset Derivatives

Liability Derivatives

June 30, 2015

September 30, 2014

June 30, 2015

September 30, 2014

Balance Sheet

Balance Sheet

Balance Sheet

Balance Sheet

Location

Fair Value

Location

Fair Value

Location

Fair Value

Location

Fair Value

(In thousands)

Interest rate contracts

Other assets

$

5,429

Other assets

$

2,879

Other liabilities

$

5,429

Other liabilities

$

2,879

Long term borrowing hedge

Other assets

—

Other assets

—

Other liabilities

3,914

Other liabilities

268

Reconciliation of Amortized Cost to Fair Value of Available-for-Sale and Held-to-Maturity Securities

The following tables provide a reconciliation of amortized cost to fair value of available-for-sale and held-to-maturity securities as of June 30, 2015, and September 30, 2014:

	June 30, 2015
	Amortized Cost		Gross Unrealized					Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	135,967	$	2,078	$	(460	)	$	137,585	1.43	%
5 to 10 years	75,441		149		(7		)	75,583		1.20
Over 10 years	316,929		435		(1,060		)	316,304		1.31
Equity Securities
Within 1 year	500		18		—			518		1.80
1 to 5 years	100,000		1,929		—			101,929		1.90
5 to 10 years	—		—		—			—		—
Corporate bonds due
Within 1 year	39,702		283		—			39,985		0.68
1 to 5 years	303,094		1,414		—			304,508		0.81
5 to 10 years	133,306		1,814		(1,647		)	133,473		1.54
Over 10 years	50,000		750		—			50,750		3.00
Municipal bonds due
1 to 5 years	2,278		—		(1		)	2,277		1.23
5 to 10 years	1,295		—		(14		)	1,281		2.05
Over 10 years	20,387		3,330		—			23,717		6.45
Mortgage-backed securities
Agency pass-through certificates	1,316,686		14,988		(2,822		)	1,328,852		2.58
Other Commercial MBS	107,512		151		(51		)	107,612		1.48
	2,603,097		27,339		(6,062		)	2,624,374		2.00
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,586,514		6,193		(38,991		)	1,553,716		3.16
	$	4,189,611	$	33,532	$	(45,053	)	$	4,178,090	2.43	%

	September 30, 2014
	Amortized Cost		Gross Unrealized						Fair Value		Yield
			Gains		Losses
	(In thousands)
Available-for-sale securities
U.S. government and agency securities due
1 to 5 years	$	171,154	$	2,585		$	(748	)	$	172,991	1.26	%
5 to 10 years	203,317		300			(102		)	203,515		1.45
Over 10 years	354,828		1,028			(419		)	355,437		1.25
Equity Securities
1 to 5 years	100,500		887			—			101,387		1.90
Corporate bonds due
Within 1 year	15,000		75			—			15,075		1.00
1 to 5 years	302,540		2,372			—			304,912		0.71
5 to 10 years	138,201		1,789			(970		)	139,020		1.43
Over 10 years	50,000		—			—			50,000		3.00
Municipal bonds due
Over 10 years	20,402		3,279			—			23,681		6.45
Mortgage-backed securities
Agency pass-through certificates	1,561,639		24,893			(2,024		)	1,584,508		2.57
Other Commercial MBS	98,851		65			—			98,916		1.49
	3,016,432		37,273			(4,263		)	3,049,442		1.99
Held-to-maturity securities
Mortgage-backed securities
Agency pass-through certificates	1,548,265		4,855			(53,902		)	1,499,218		3.13
	$	4,564,697	$	42,128		$	(58,165	)	$	4,548,660	2.38	%

Schedule of Unrealized Losses and Fair Value of Securities

The following tables show the unrealized gross losses and fair value of securities as of June 30, 2015 and September 30, 2014, by length of time that individual securities in each category have been in a continuous loss position. The decline in fair value is attributable to changes in interest rates. Because the Company does not intend to sell these securities and does not consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other than temporarily impaired.

June 30, 2015	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(1,022	)	$	23,978	$	(625	)	$	34,375	$	(1,647	)	$	58,353
Municipal bonds due	(15		)	3,558		—			—		(15		)	3,558
U.S. government and agency securities due	(558		)	140,285		(969		)	142,318		(1,527		)	282,603
Agency pass-through certificates	(1,919		)	454,980		(39,945		)	1,360,218		(41,864		)	1,815,198
	$	(3,514	)	$	622,801	$	(41,539	)	$	1,536,911	$	(45,053	)	$	2,159,712

September 30, 2014	Less than 12 months					12 months or more					Total
	Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value		Unrealized Gross Losses			Fair Value
	(In thousands)
Corporate bonds due	$	(125	)	$	24,875	$	(845	)	$	24,155	$	(970	)	$	49,030
U.S. government and agency securities due	(472		)	316,578		(797		)	109,354		(1,269		)	425,932
Agency pass-through certificates	(215		)	19,212		(55,711		)	1,509,209		(55,926		)	1,528,421
	$	(812	)	$	360,665	$	(57,353	)	$	1,642,718	$	(58,165	)	$	2,003,383

XML

Acquisitions - Schedule of Net Liabilities Acquired (Details) - Bank of America, National Association [Member] $ in Thousands	Sep. 30, 2014 USD ($)
Assets:
Cash	$ 1,776,660
Loans receivable, net	12,881
Property and equipment, net	25,097
Core deposit intangible	11,040
Goodwill	31,225
Other assets	70
Total Assets	1,856,973
Liabilities:
Customer accounts	1,853,798
Other liabilities	3,175
Total Liabilities	1,856,973
Net assets acquired	$ 0

XML

Covered Assets - Credit Risk Profile by Internally Assigned Grade by Loan Status Designation (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Covered Assets, Loan Status Designation [Line Items]
Total covered loans	$ 81,164	$ 213,203
Discount	(3,853)	(34,483)
Allowance	0	(2,244)
Covered loans, net	77,311	176,476
Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	25,135	100,161
Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	56,029	113,042
Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,893	23,067
Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		1,364
Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		73
Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		6,598
Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		51,336
Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	28	5,492
HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	9,214	11,777
Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		454
Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,764	20,261
Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,706	15,964
Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	425	523
Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,611	3,977
Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	34,853	64,391
Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 1,670	$ 7,926
Pass [Member]
Covered Assets, Loan Status Designation [Line Items]
Total grade as a % of total net loans	97.70%	97.20%
Pass [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 24,514	$ 70,926
Total grade as a % of total net loans	97.50%	70.80%
Pass [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 41,384	$ 64,208
Pass [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	15,300	21,311
Pass [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		972
Pass [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		73
Pass [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		6,598
Pass [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		26,940
Pass [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	2,801
Pass [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	9,214	11,777
Pass [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		454
Pass [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	151	8,349
Pass [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	14,375	15,585
Pass [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	48	52
Pass [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	2,611	2,804
Pass [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	23,805	33,909
Pass [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 394	$ 3,509
Special Mention [Member]
Covered Assets, Loan Status Designation [Line Items]
Total grade as a % of total net loans	0.10%	0.40%
Special Mention [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 115
Total grade as a % of total net loans	0.00%	0.10%
Special Mention [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 700
Special Mention [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Special Mention [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Special Mention [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Special Mention [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		115
Special Mention [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Special Mention [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Special Mention [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	700
Special Mention [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0
Substandard [Member]
Covered Assets, Loan Status Designation [Line Items]
Total grade as a % of total net loans	2.20%	2.40%
Substandard [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 621	$ 29,120
Total grade as a % of total net loans	2.50%	29.10%
Substandard [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 14,645	$ 47,609
Substandard [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	593	1,756
Substandard [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		392
Substandard [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Substandard [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Substandard [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		24,281
Substandard [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	28	2,691
Substandard [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Substandard [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Substandard [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	1,613	11,912
Substandard [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	331	379
Substandard [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	377	471
Substandard [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	1,173
Substandard [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	11,048	29,782
Substandard [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 1,276	$ 3,892
Doubtful [Member]
Covered Assets, Loan Status Designation [Line Items]
Total grade as a % of total net loans	0.00%	0.00%
Doubtful [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0
Total grade as a % of total net loans	0.00%	0.00%
Doubtful [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 525
Doubtful [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Doubtful [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Doubtful [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Doubtful [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Doubtful [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Doubtful [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Doubtful [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 525
Loss [Member]
Covered Assets, Loan Status Designation [Line Items]
Total grade as a % of total net loans	0.00%	0.00%
Loss [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0
Total grade as a % of total net loans	0.00%	0.00%
Loss [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0
Loss [Member] | Single-Family Residential [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Land - Acquisition & Development [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Loss [Member] | Land - Consumer Lot Loans [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Loss [Member] | Multi-Family [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Loss [Member] | Commercial Real Estate [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Loss [Member] | Commercial & Industrial [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | HELOC [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Consumer [Member] | Acquired Non Impaired Assets [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans		0
Loss [Member] | Pool 1 - Construction and Land, Acquisition and Development [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 2 - Single-Family Residential [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 3 - Multi-family [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 4 - Home Equity Line of Credit and Other Consumer Loans [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 5 - Commercial Real Estate [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	0	0
Loss [Member] | Pool 6 - Commercial and Industrial [Member] | Acquired Impaired Loans [Member]
Covered Assets, Loan Status Designation [Line Items]
Outstanding principal balance of acquired loans	$ 0	$ 0

XML

Fair Value Measurements - Recurring and Nonrecurring (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	$ 2,624,374,000		$ 2,624,374,000		$ 3,049,442,000
Bank owned life insurance	101,720,000		101,720,000		0
Total financial assets	4,178,090,000		4,178,090,000		4,548,660,000
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bank owned life insurance	101,720,000		101,720,000		0
Interest rate contracts	5,429,000		5,429,000		2,879,000
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	5,429,000		5,429,000		2,879,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	2,624,374,000		2,624,374,000		3,049,442,000
Bank owned life insurance	101,720,000		101,720,000
Interest rate contracts	5,429,000		5,429,000		2,879,000
Total financial assets	2,731,523,000		2,731,523,000		3,052,321,000
Interest rate contracts	5,429,000		5,429,000		2,879,000
Long term borrowing hedge	3,914,000		3,914,000		268,000
Total financial liabilities	9,343,000		9,343,000		3,147,000
Level 1 to level 2 transfers, amount	0		0		0
Level 2 to level 1 transfers, amount	0		0		0
Level 1 to level 3 transfers, amount	0		0		0
Level 3 to level 1 transfers, amount	0		0		0
Level 2 to level 3 transfers, amount	0		0		0
Level 3 to level 2 transfers, amount	0		0		0
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	102,447,000		102,447,000		101,387,000
Bank owned life insurance	0		0
Interest rate contracts	0		0		0
Total financial assets	102,447,000		102,447,000		101,387,000
Interest rate contracts	0		0		0
Long term borrowing hedge	0		0		0
Total financial liabilities	0		0		0
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	2,521,927,000		2,521,927,000		2,948,055,000
Bank owned life insurance	101,720,000		101,720,000
Interest rate contracts	5,429,000		5,429,000		2,879,000
Total financial assets	2,629,076,000		2,629,076,000		2,950,934,000
Interest rate contracts	5,429,000		5,429,000		2,879,000
Long term borrowing hedge	3,914,000		3,914,000		268,000
Total financial liabilities	9,343,000		9,343,000		3,147,000
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Bank owned life insurance	0		0
Interest rate contracts	0		0		0
Total financial assets	0		0		0
Interest rate contracts	0		0		0
Long term borrowing hedge	0		0		0
Total financial liabilities	0		0		0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	80,516,000	$ 62,173,000	80,516,000	$ 62,173,000
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	6,735,000	10,156,000	6,735,000	10,156,000
Fair Value, Measurements, Nonrecurring [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1,950,000	8,935,000	1,950,000	8,935,000
Fair Value, Measurements, Nonrecurring [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	71,831,000	43,082,000	71,831,000	43,082,000
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	80,516,000	62,173,000	80,516,000	62,173,000
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	6,735,000	10,156,000	6,735,000	10,156,000
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1,950,000	8,935,000	1,950,000	8,935,000
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	71,831,000	43,082,000	71,831,000	43,082,000
Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	102,447,000		102,447,000		101,387,000
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	102,447,000		102,447,000		101,387,000
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	102,447,000		102,447,000		101,387,000
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
US Treasury and Government [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	529,472,000		529,472,000		731,943,000
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	529,472,000		529,472,000		731,943,000
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	529,472,000		529,472,000		731,943,000
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Obligations of States and Political Subdivisions [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	27,275,000		27,275,000		23,681,000
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	27,275,000		27,275,000		23,681,000
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	27,275,000		27,275,000		23,681,000
Obligations of States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					0
Foreign Government Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					0
Corporate Debt Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	528,716,000		528,716,000		509,007,000
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	528,716,000		528,716,000		509,007,000
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	528,716,000		528,716,000		509,007,000
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Agency Pass-through Certificates [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	1,328,852,000		1,328,852,000		1,584,508,000
Agency Pass-through Certificates [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	1,328,852,000		1,328,852,000		1,584,508,000
Agency Pass-through Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Agency Pass-through Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	1,328,852,000		1,328,852,000		1,584,508,000
Agency Pass-through Certificates [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0		0
Other Commercial Mortgage-Backed Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	107,612,000		107,612,000		98,916,000
Other Commercial Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	107,612,000		107,612,000
Other Commercial Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0
Other Commercial Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	107,612,000		107,612,000
Other Commercial Mortgage-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value	0		0
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					98,916,000
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					0
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					98,916,000
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, at fair value					$ 0
Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss related to impaired loans and real estate held for sale, measured on nonrecurring basis	5,987,000	9,999,000	(4,202,000)	15,974,000
Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss related to impaired loans and real estate held for sale, measured on nonrecurring basis	3,621,000	(775,000)	4,201,000	(1,311,000)
Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | Covered Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss related to impaired loans and real estate held for sale, measured on nonrecurring basis	(20,000)	374,000	168,000	503,000
Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | Real Estate Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loss related to impaired loans and real estate held for sale, measured on nonrecurring basis	$ 2,386,000	$ 10,400,000	$ (8,571,000)	$ 16,782,000

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 39,050	$ 37,910	$ 117,818	$ 116,803
Other comprehensive income (loss) net of tax:
Net unrealized gain (loss) on available-for-sale securities	(35,001)	22,026	(21,378)	28,527
Reclassification adjustment of net gain (loss) from sale of available-for-sale securities included in net income	9,639	0	9,639	0
Related tax expense (benefit)	9,320	(8,095)	4,314	0
Other comprehensive income (loss) for available for sale securities, net of tax	(16,042)	13,931	(7,425)	28,527
Net unrealized gain (loss) on long-term borrowing hedge	5,587	0	(3,646)	0
Related tax benefit (expense)	(2,053)	0	1,340	(10,484)
Other comprehensive income (loss) on long term borrowing hedge, net of tax	3,534	0	(2,306)	(10,484)
Other comprehensive income (loss) net of tax	(12,508)	13,931	(9,731)	18,043
Comprehensive income	$ 26,542	$ 51,841	$ 108,087	$ 134,846

XML

Dividends

9 Months Ended

Jun. 30, 2015

Dividends [Abstract]

Dividends

Dividends

On May 29, 2015, the Company paid its 129th consecutive quarterly cash dividend on common stock. Dividends per share were $.13 and $.10 for the quarters ended June 30, 2015 and 2014, respectively. The Company also announced the authorization of an additional 5 million shares that may be repurchased under Washington Federal's share repurchase program in May 2015.

On July 27, 2015, the Company announced its 130th consecutive quarterly cash dividend on common stock of $0.13 per share. The current dividend will be paid on August 21, 2015, to common shareholders of record on August 7, 2015. For the nine months endedJune 30, 2015, the Company has repurchased 4.8 million shares or 4.9 percent of the shares that were outstanding at the beginning of the year at an average price of $21.52.

XML

Dividends (Details) - $ / shares		3 Months Ended		9 Months Ended
	Jul. 27, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May. 31, 2015
Dividends Payable [Line Items]
Cash dividends per share (in dollars per share)		$ 0.13	$ 0.1	$ 0.41	$ 0.30
Number of shares authorized						5,000,000
Shares repurchased				4,800,000
Percent of outstanding shares acquired				4.90%
Average cost per share (in dollars per share)				$ 21.52
Subsequent Event [Member]
Dividends Payable [Line Items]
Dividends declared (in dollars per share)	$ 0.13

XML

Allowance for Losses on Loans - Internally Assigned Grade (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 8,817,760	$ 8,323,545
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 8,614,634	$ 8,077,711
Total grade as a % of total net loans	97.70%	97.20%
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 7,772	$ 37,860
Total grade as a % of total net loans	0.10%	0.40%
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 195,354	$ 207,916
Total grade as a % of total net loans	2.20%	2.40%
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 0	$ 58
Total grade as a % of total net loans	0.00%	0.00%
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 0	$ 0
Total grade as a % of total net loans	0.00%	0.00%
Non-Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 8,536,860	$ 8,062,943
Non-Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	8,379,175	7,859,518
Non-Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	6,033	19,504
Non-Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	151,652	183,921
Non-Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	5,546,941	5,557,756
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	5,456,628	5,424,624
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	2,793
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	90,313	130,339
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Speculative [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	117,711	87,035
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	114,706	81,931
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	3,005	5,104
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Speculative [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Custom [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	204,914	192,098
Non-Acquired Loans [Member] | Construction - Custom [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	204,914	192,098
Non-Acquired Loans [Member] | Construction - Custom [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Custom [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Custom [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Construction - Custom [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	72,856	68,066
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	67,726	61,949
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	5,130	6,117
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	102,436	108,589
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	102,007	107,979
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	429	610
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	1,013,745	892,195
Non-Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	1,009,785	887,639
Non-Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	3,960	4,556
Non-Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	697,960	529,304
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	682,908	495,892
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	5,068	1,971
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	9,984	31,441
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	451,473	379,173
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	411,925	359,168
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	965	14,740
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	38,583	5,265
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	122,874	116,042
Non-Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	122,626	115,794
Non-Acquired Loans [Member] | HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	248	248
Non-Acquired Loans [Member] | HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | HELOC [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	205,950	132,685
Non-Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	205,950	132,444
Non-Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	241
Non-Acquired Loans [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Non-Acquired Loans [Member] | Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	188,552	181,314
Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	169,240	156,913
Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	1,739	16,213
Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	17,573	8,130
Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	58
Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	12,895	11,716
Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	12,872	11,716
Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	23	0
Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	1,028	905
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	651	503
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	377	402
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Acquisition & Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,472	2,502
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,355	2,502
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	117	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Land - Consumer Lot Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	3,692	2,999
Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	3,692	2,999
Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	101,542	97,864
Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	86,529	88,940
Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	511	2,571
Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	14,502	6,353
Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	57,612	51,384
Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	54,243	36,309
Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	1,228	13,642
Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,141	1,375
Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	58
Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	6,414	8,274
Acquired Loans [Member] | HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	6,414	8,274
Acquired Loans [Member] | HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | HELOC [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,897	5,670
Acquired Loans [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,484	5,670
Acquired Loans [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	413	0
Acquired Loans [Member] | Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Acquired Loans [Member] | Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	92,348	79,288
Credit Impaired Acquired Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	66,219	61,280
Credit Impaired Acquired Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	2,143
Credit Impaired Acquired Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	26,129	15,865
Credit Impaired Acquired Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	320	325
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	320	325
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Single-Family Residential [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	8,960	1,581
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	6,655	1,251
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,305	330
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Construction, Speculative and Land, Acquisition and Development [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Multi-Family [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	9,236	10,194
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	8,598	10,194
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	638	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | HELOC & Other Consumer [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	70,526	63,712
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	47,715	48,867
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	2,143
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	22,811	12,702
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial Real Estate [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	3,306	3,476
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	2,931	643
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	375	2,833
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	0	0
Credit Impaired Acquired Loans [Member] | Commercial & Industrial [Member] | Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, net of loans in process, gross	$ 0	$ 0

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Allowance for Losses on Loans (Tables)

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Summary of Activity in Allowance for Loan Losses

The following table summarizes the activity in the allowance for loan losses (excluding certain acquired and covered loans) for the three and nine months endedJune 30, 2015 and 2014:

Three Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	54,762	$	(1,698	)	$	3,878	$	(4,938	)	$	52,004
Construction - speculative	5,445		—			—		488			5,933
Construction - custom	968		—			—		17			985
Land - acquisition & development	7,405		—			1		(1,634		)	5,772
Land - consumer lot loans	3,035		(276		)	187		53			2,999
Multi-family	4,673		—			—		362			5,035
Commercial real estate	6,734		(1,592		)	230		1,896			7,268
Commercial & industrial	21,146		(2,106		)	896		1,726			21,662
HELOC	850		(26		)	1		39			864
Consumer	3,305		(853		)	1,045		(408		)	3,089
	$	108,323	$	(6,551	)	$	6,238	$	(2,399	)	$	105,611

Three Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	63,348	$	(2,530	)	$	4,717	$	(3,175	)	$	62,360
Construction - speculative	6,773		—			$	2	(388		)	6,387
Construction - custom	1,599		—			—		79			1,678
Land - acquisition & development	6,027		—			85		843			6,955
Land - consumer lot loans	2,974		(86		)	—		(26		)	2,862
Multi-family	4,187		—			—		(46		)	4,141
Commercial real estate	5,924		(32		)	24		773			6,689
Commercial & industrial	20,403		(38		)	4		(1,673		)	18,696
HELOC	975		(18		)	—		58			1,015
Consumer	2,721		(696		)	787		555			3,367
	$	114,931	$	(3,400	)	$	5,619	$	(3,000	)	$	114,150

Nine Months Ended June 30, 2015	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	62,763	$	(4,801	)	$	10,553	$	(16,511	)	$	52,004
Construction - speculative	6,742		(388		)	$	75	(496		)	5,933
Construction - custom	1,695		—			—		(710		)	985
Land - acquisition & development	5,592		(38		)	206		12			5,772
Land - consumer lot loans	3,077		(363		)	221		64			2,999
Multi-family	4,248		—			220		567			5,035
Commercial real estate	7,548		(1,619		)	711		628			7,268
Commercial & industrial	16,527		(2,461		)	948		6,648			21,662
HELOC	928		(26		)	1		(39		)	864
Consumer	3,227		(1,981		)	2,394		(551		)	3,089
	$	112,347	$	(11,677	)	$	15,329	$	(10,388	)	$	105,611

Nine Months Ended June 30, 2014	Beginning Allowance		Charge-offs			Recoveries		Provision & Transfers			Ending Allowance
	(In thousands)
Single-family residential	$	64,184	$	(7,307	)	$	15,631	$	(10,148	)	$	62,360
Construction - speculative	8,407		(938		)	$	97	(1,179		)	6,387
Construction - custom	882		—			—		796			1,678
Land - acquisition & development	9,165		(541		)	823		(2,492		)	6,955
Land - consumer lot loans	3,552		(559		)	22		(153		)	2,862
Multi-family	3,816		—			—		325			4,141
Commercial real estate	5,595		(105		)	24		1,175			6,689
Commercial & industrial	16,614		(730		)	3,277		(465		)	18,696
HELOC	1,002		(18		)	—		31			1,015
Consumer	3,524		(2,788		)	2,871		(240		)	3,367
	$	116,741	$	(12,986	)	$	22,745	$	(12,350	)	$	114,150

Summary of Loans Collectively and Individually Evaluated for Impairment and Related Allocation of Reserves

The following tables shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of June 30, 2015 and September 30, 2014:

June 30, 2015	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	52,004	$	5,497,635	1.0	%	$	—	$	49,305	—	%
Construction - speculative	5,933		110,727		5.4		—		6,983		—
Construction - custom	985		204,914		0.5		—		—		—
Land - acquisition & development	5,772		68,234		8.5		—		3,237		—
Land - consumer lot loans	2,999		91,392		3.3		—		11,044		—
Multi-family	5,035		1,008,452		0.5		—		4,584		—
Commercial real estate	7,268		685,198		1.1		—		11,133		—
Commercial & industrial	21,662		484,902		4.5		—		—		—
HELOC	864		121,241		0.7		—		1,633		—
Consumer	3,089		205,862		1.5		—		89		—
	$	105,611	$	8,478,557	1.3	%	$	—	$	88,008	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

September 30, 2014	Loans Collectively Evaluated for Impairment						Loans Individually Evaluated for Impairment
	Allowance Allocation		Recorded Investment of Loans (1)		Ratio		Allowance Allocation		Recorded Investment of Loans (1)		Ratio
	(In thousands)						(In thousands)
Single-family residential	$	62,067	$	5,487,331	1.1	%	$	—	$	72,869	—	%
Construction - speculative	6,682		130,901		5.5		60		9,159		0.7
Construction - custom	1,695		385,464		0.5		—		360		—
Land - acquisition & development	5,592		73,999		7.6		—		3,833		—
Land - consumer lot loans	3,077		95,684		3.2		—		12,939		—
Multi-family	4,248		911,162		0.5		—		6,124		—
Commercial real estate	7,548		563,534		1.4		—		27,802		—
Commercial & industrial	17,223		421,816		4.6		—		—		—
HELOC	928		114,393		0.9		—		1,650		—
Consumer	3,227		132,590		2.4		—		—		—
	$	112,287	$	8,316,874	1.4	%	$	60	$	134,736	—	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans (net of LIP and excluding covered loans) based on credit quality indicators as defined above as of June 30, 2015 and September 30, 2014.

June 30, 2015	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,456,628		$	—		$	90,313		$	—		$	—		$	5,546,941
Construction - speculative	114,706			—			3,005			—			—			117,711
Construction - custom	204,914			—			—			—			—			204,914
Land - acquisition & development	67,726			—			5,130			—			—			72,856
Land - consumer lot loans	102,007			—			429			—			—			102,436
Multi-family	1,009,785			—			3,960			—			—			1,013,745
Commercial real estate	682,908			5,068			9,984			—			—			697,960
Commercial & industrial	411,925			965			38,583			—			—			451,473
HELOC	122,626			—			248			—			—			122,874
Consumer	205,950			—			—			—			—			205,950
	8,379,175			6,033			151,652			—			—			8,536,860
Non-impaired acquired loans
Single-family residential	12,872			—			23			—			—			12,895
Land - acquisition & development	651			—			377			—			—			1,028
Land - consumer lot loans	2,355			—			117			—			—			2,472
Multi-family	3,692			—			—			—			—			3,692
Commercial real estate	86,529			511			14,502			—			—			101,542
Commercial & industrial	54,243			1,228			2,141			—			—			57,612
HELOC	6,414			—			—			—			—			6,414
Consumer	2,484			—			413			—			—			2,897
	169,240			1,739			17,573			—			—			188,552
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	6,655			—			2,305			—			—			8,960
Pool 2 - Single-family residential	320			—			—			—			—			320
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	8,598			—			638			—			—			9,236
Pool 5 - Commercial real estate	47,715			—			22,811			—			—			70,526
Pool 6 - Commercial & industrial	2,931			—			375			—			—			3,306
Total credit impaired acquired loans	66,219			—			26,129			—			—			92,348
Total gross loans	$	8,614,634		$	7,772		$	195,354		$	—		$	—		$	8,817,760
Total grade as a % of total gross loans	97.7		%	0.1		%	2.2		%	—		%	—		%

September 30, 2014	Internally Assigned Grade															Total
	Pass			Special mention			Substandard			Doubtful			Loss			Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,424,624		$	2,793		$	130,339		$	—		$	—		$	5,557,756
Construction - speculative	81,931			—			5,104			—			—			87,035
Construction - custom	192,098			—			—			—			—			192,098
Land - acquisition & development	61,949			—			6,117			—			—			68,066
Land - consumer lot loans	107,979			—			610			—			—			108,589
Multi-family	887,639			—			4,556			—			—			892,195
Commercial real estate	495,892			1,971			31,441			—			—			529,304
Commercial & industrial	359,168			14,740			5,265			—			—			379,173
HELOC	115,794			—			248			—			—			116,042
Consumer	132,444			—			241			—			—			132,685
	7,859,518			19,504			183,921			—			—			8,062,943
Non-impaired acquired loans
Single-family residential	11,716			—			—			—			—			11,716
Land - acquisition & development	503			—			402			—			—			905
Land - consumer lot loans	2,502			—			—			—			—			2,502
Multi-family	2,999			—			—			—			—			2,999
Commercial real estate	88,940			2,571			6,353			—			—			97,864
Commercial & industrial	36,309			13,642			1,375			58			—			51,384
HELOC	8,274			—			—			—			—			8,274
Consumer	5,670			—			—			—			—			5,670
	156,913			16,213			8,130			58			—			181,314
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,251			—			330			—			—			1,581
Pool 2 - Single-family residential	325			—			—			—			—			325
Pool 3 - Multi-family	—			—			—			—			—			—
Pool 4 - HELOC & other consumer	10,194			—			—			—			—			10,194
Pool 5 - Commercial real estate	48,867			2,143			12,702			—			—			63,712
Pool 6 - Commercial & industrial	643			—			2,833			—			—			3,476
Total credit impaired acquired loans	61,280			2,143			15,865			—			—			79,288
Total gross loans	$	8,077,711		$	37,860		$	207,916		$	58		$	—		$	8,323,545
Total grade as a % of total gross loans	97.2		%	0.4		%	2.4		%	—		%	—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

June 30, 2015	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,490,303	99.0	%	$	56,638	1.0	%
Construction - speculative	116,949		99.4		762		0.6
Construction - custom	204,559		99.8		355		0.2
Land - acquisition & development	71,471		100.0		—		—
Land - consumer lot loans	101,128		98.4		1,308		1.6
Multi-family	1,012,250		99.8		786		0.2
Commercial real estate	693,479		99.7		2,852		0.3
Commercial & industrial	450,124		99.8		1,205		0.2
HELOC	121,985		99.3		889		0.7
Consumer	205,437		99.8		513		0.2
	$	8,467,685	99.2	%	$	65,308	0.8	%

September 30, 2014	Performing Loans				Non-Performing Loans
	Amount		% of Total Gross  Loans		Amount		% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,486,136	98.7	%	$	74,067	1.3	%
Construction - speculative	138,583		98.9		1,477		1.1
Construction - custom	385,824		100.0		—		—
Land - acquisition & development	77,021		99.0		811		1.0
Land - consumer lot loans	105,986		97.6		2,637		2.4
Multi-family	915,544		99.8		1,742		0.2
Commercial real estate	586,230		99.1		5,106		0.9
Commercial & industrial	379,219		100.0		7		—
HELOC	115,247		99.3		795		0.7
Consumer	131,801		99.4		789		0.6
	$	8,321,591	99.0	%	$	87,431	1.0	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of June 30, 2015 and September 30, 2014:

June 30, 2015	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	15,300		$	—		$	593		$	—		$	—		$	15,893
Commercial & industrial	—			—			28			—			—			28
HELOC	9,214			—			—			—			—			9,214
	$	24,514		$	—		$	621		$	—		$	—		$	25,135
Total grade as a % of total net loans	97.5		%	—		%	2.5		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	151		$	—		$	1,613		$	—		$	—		$	1,764
Pool 2 - Single-family residential	14,375			—			331			—			—			14,706
Pool 3 - Multi-family	48			—			377			—			—			425
Pool 4 - HELOC & other consumer	2,611			—			—			—			—			2,611
Pool 5 - Commercial real estate	23,805			—			11,048			—			—			34,853
Pool 6 - Commercial & industrial	394			—			1,276			—			—			1,670
	$	41,384		$	—		$	14,645		$	—		$	—		56,029
										Total covered loans						81,164
													Discount			(3,853		)
													Allowance			—
													Covered loans, net			$	77,311

September 30, 2014	Internally Assigned Grade															Total Net  Loans
	Pass			Special mention			Substandard			Doubtful			Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	21,311		$	—		$	1,756		$	—		$	—		$	23,067
Land - acquisition & development	972			—			392			—			—			1,364
Land - consumer lot loans	73			—			—			—			—			73
Multi-family	6,598			—			—			—			—			6,598
Commercial real estate	26,940			115			24,281			—			—			51,336
Commercial & industrial	2,801			—			2,691			—			—			5,492
HELOC	11,777			—			—			—			—			11,777
Consumer	454			—			—			—			—			454
	$	70,926		$	115		$	29,120		$	—		$	—		$	100,161
Total grade as a % of total net loans	70.8		%	0.1		%	29.1		%	—		%	—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	8,349		$	—		$	11,912		$	—		$	—		$	20,261
Pool 2 - Single-family residential	15,585			—			379			—			—			15,964
Pool 3 - Multi-family	52			—			471			—			—			523
Pool 4 - HELOC & other consumer	2,804			—			1,173			—			—			3,977
Pool 5 - Commercial real estate	33,909			700			29,782			—			—			64,391
Pool 6 - Commercial & industrial	3,509			—			3,892			525			—			7,926
	$	64,208		$	700		$	47,609		$	525		$	—		113,042
										Total covered loans						213,203
													Discount			(34,483		)
													Allowance			(2,244		)
													Covered loans, net			$	176,476

Summary of Impaired Loans Based on Type

The following table provides information on impaired loan balances and the related allowances by loan types as of June 30, 2015 and September 30, 2014:

June 30, 2015	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	21,524	$	24,151	$	—		$	20,724
Construction - speculative	613		808		—			615
Construction - custom	355		355		—			178
Land - acquisition & development	680		1,223		—			683
Land - consumer lot loans	1,101		1,187		—			969
Multi-family	1,531		1,531		—			1,138
Commercial real estate	10,416		14,797		—			9,795
Commercial & industrial	4,340		18,276		—			5,664
HELOC	1,008		1,819		—			905
Consumer	414		627		—			414
	41,982		64,774		—			41,085
With an allowance recorded:
Single-family residential	275,179		279,043		8,057			275,889
Construction - speculative	6,371		7,161		—			6,389
Construction - custom	—		—		—			—
Land - acquisition & development	3,536		4,476		—			3,571
Land - consumer lot loans	11,540		11,805		—			11,627
Multi-family	3,843		3,843		—			3,853
Commercial real estate	19,251		21,206		—			19,962
Commercial & industrial	—		—		—			—
HELOC	1,394		1,394		—			1,394
Consumer	120		291		—			121
	321,234		329,219		8,057		(1)	322,806
Total:
Single-family residential	296,703		303,194		8,057			296,613
Construction - speculative	6,984		7,969		—			7,004
Construction - custom	355		355		—			178
Land - acquisition & development	4,216		5,699		—			4,254
Land - consumer lot loans	12,641		12,992		—			12,596
Multi-family	5,374		5,374		—			4,991
Commercial real estate	29,667		36,003		—			29,757
Commercial & industrial	4,340		18,276		—			5,664
HELOC	2,402		3,213		—			2,299
Consumer	534		918		—			535
	$	363,216	$	393,993	$	8,057	(1)	$	363,891

(1)Included in the general reserves.

September 30, 2014	Recorded Investment		Unpaid Principal Balance		Related Allowance			Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	24,044	$	26,628	$	—		$	16,843
Construction - speculative	1,603		2,173		—			1,804
Land - acquisition & development	837		2,325		—			1,038
Land - consumer lot loans	974		1,072		—			713
Multi-family	1,111		1,111		—			327
Commercial real estate	13,234		20,085		—			11,720
Commercial & industrial	3,195		17,166		—			3,900
HELOC	1,019		1,730		—			612
Consumer	663		833		—			517
	46,680		73,123		—			37,474
With an allowance recorded:
Single-family residential	322,320		327,869		10,527			316,348
Construction - speculative	7,556		7,986		60			7,532
Land - acquisition & development	4,696		5,636		—			4,114
Land - consumer lot loans	13,002		13,385		—			12,858
Multi-family	5,243		5,463		—			4,957
Commercial real estate	34,159		35,028		—			18,572
HELOC	1,486		1,486		—			1,204
Consumer	43		214		—			79
	388,505		397,067		10,587		(1)	365,664
Total:
Single-family residential	346,364		354,497		10,527			333,191
Construction - speculative	9,159		10,159		60			9,336
Land - acquisition & development	5,533		7,961		—			5,152
Land - consumer lot loans	13,976		14,457		—			13,571
Multi-family	6,354		6,574		—			5,284
Commercial real estate	47,393		55,113		—			30,292
Commercial & industrial	3,195		17,166		—			3,900
HELOC	2,505		3,216		—			1,816
Consumer	706		1,047		—			596
	$	435,185	$	470,190	$	10,587	(1)	$	403,138

(1) Includes $60,000 of specific reserves and $10,527,000 included in the general reserves.