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Derivatives and Hedging Activities (Tables)
9 Months Ended
Jun. 30, 2017
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, 2017
 
September 30, 2016
 
 
Level in Fair Value Hierarchy
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
 
 
 
 
(In thousands)
Financial assets
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
1
 
$
359,252

 
$
359,252

 
$
450,368

 
$
450,368

Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
Equity securities
 
1
 
522

 
522

 
101,824

 
101,824

U.S. government and agency securities
 
2
 
222,245

 
222,245

 
259,351

 
259,351

Municipal bonds
 
2
 
26,736

 
26,736

 
27,670

 
27,670

Corporate debt securities
 
2
 
211,209

 
211,209

 
461,138

 
461,138

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
801,393

 
801,393

 
993,041

 
993,041

Commercial MBS
 
2
 
8,309

 
8,309

 
79,870

 
79,870

Total available-for-sale securities
 
 
 
1,270,414

 
1,270,414

 
1,922,894

 
1,922,894

Held-to-maturity securities
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
1,651,528

 
1,630,745

 
1,417,599

 
1,441,556

Total held-to-maturity securities
 
 
 
1,651,528

 
1,630,745

 
1,417,599

 
1,441,556

 
 
 
 
 
 
 
 
 
 
 
Loans receivable
 
3
 
10,654,425

 
11,046,152

 
9,910,920

 
10,414,794

FDIC indemnification asset
 
3
 
8,745

 
9,160

 
12,769

 
12,095

FHLB and FRB stock
 
2
 
124,990

 
124,990

 
117,205

 
117,205

        Other assets - interest rate contracts
 
2
 
1,342

 
1,342

 
20,895

 
20,895

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
Customer accounts
 
2
 
10,634,278

 
10,208,813

 
10,600,852

 
10,184,321

FHLB advances
 
2
 
2,275,000

 
2,319,974

 
2,080,000

 
2,184,671

        Other liabilities - interest rate contracts
 
2
 
1,342

 
1,342

 
20,895

 
20,895

Other liabilities - commercial loan hedges
 
2
 
154

 
154

 
3,312

 
3,312

        Other liabilities - borrowings hedges
 
2
 
2,536

 
2,536

 
31,347

 
31,347

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2017 and September 30, 2016:
 
 
Asset Derivatives
 
Liability Derivatives
 
 
June 30, 2017
 
September 30, 2016
 
June 30, 2017
 
September 30, 2016
 
 
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
 
$
1,342

 
Other assets
 
$
20,895

 
Other liabilities
 
$
1,342

 
Other liabilities
 
$
20,895

Commercial loan hedges
 
Other assets
 

 
Other assets
 

 
Other liabilities
 
154

 
Other liabilities
 
3,312

Borrowings hedges
 
Other assets
 

 
Other assets
 

 
Other liabilities
 
2,536

 
Other liabilities
 
31,347

 
 
 
 
$
1,342

 
 
 
$
20,895

 
 
 
$
4,032

 
 
 
$
55,554