Loans Receivable (Tables)

9 Months Ended

Jun. 30, 2018

The following table is a summary of loans receivable.



	June 30, 2018				September 30, 2017
	(In thousands)				(In thousands)
Gross loans by category
Single-family residential	$	5,745,598	45.1	%	$	5,711,004	46.8	%
Construction	1,885,034		14.8		1,597,996		13.1
Construction - custom	612,688		4.8		602,631		4.9
Land - acquisition & development	150,936		1.2		124,308		1.0
Land - consumer lot loans	103,118		0.8		104,405		0.9
Multi-family	1,346,534		10.6		1,303,148		10.7
Commercial real estate	1,435,418		11.3		1,434,610		11.8
Commercial & industrial	1,133,075		8.9		1,093,360		9.0
HELOC	136,766		1.1		144,850		1.2
Consumer	188,125		1.5		85,075		0.7
Total gross loans	12,737,292		100	%	12,201,387		100	%
Less:
Allowance for loan losses	128,666				123,073
Loans in process	1,230,132				1,149,934
Net deferred fees, costs and discounts	52,523				45,758
Total loan contra accounts	1,411,321				1,318,765
Net loans	$	11,325,971			$	10,882,622

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans.



	June 30, 2018					September 30, 2017
	(In thousands, except ratio data)
Non-accrual loans:
Single-family residential	$	26,119		43.1	%	$	27,930		56.3	%
Construction	1,841			3.0		—			—
Construction - custom	—			—		91			0.2
Land - acquisition & development	1,757			2.9		296			0.6
Land - consumer lot loans	642			1.1		605			1.2
Multi-family	—			—		139			0.3
Commercial real estate	9,684			16.0		11,815			23.8
Commercial & industrial	19,876			32.8		8,082			16.3
HELOC	637			1.1		531			1.1
Consumer	28			—		91			0.2
Total non-accrual loans	$	60,584		100	%	$	49,580		100	%
% of total net loans	0.53		%			0.46		%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.



June 30, 2018	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total Delinquent		% based on $
	(In thousands, except ratio data)
Single-family residential	$	5,744,620	$	5,714,962	$	7,201	$	4,521	$	17,936	$	29,658	0.52	%
Construction	1,012,239		1,009,782		—		616		1,841		2,457		0.24
Construction - custom	285,858		285,687		171		—		—		171		0.06
Land - acquisition & development	121,508		119,593		—		270		1,645		1,915		1.58
Land - consumer lot loans	103,040		102,303		128		301		308		737		0.72
Multi-family	1,346,512		1,346,512		—		—		—		—		—
Commercial real estate	1,435,417		1,433,030		684		—		1,703		2,387		0.17
Commercial & industrial	1,133,075		1,126,480		—		—		6,595		6,595		0.58
HELOC	136,766		135,406		863		146		351		1,360		0.99
Consumer	188,125		187,773		125		127		100		352		0.19
Total Loans	$	11,507,160	$	11,461,528	$	9,172	$	5,981	$	30,479	$	45,632	0.40	%
Delinquency %			99.60%		0.08%		0.05%		0.26%		0.40%



September 30, 2017	Loans Receivable		Days Delinquent Based on $ Amount of Loans										% based on $
Type of Loan	Net of Loans In Process		Current		30		60		90		Total Delinquent		% based on $
	(In thousands, except ratio data)
Single-family residential	$	5,709,690	$	5,671,933	$	10,925	$	4,810	$	22,022	$	37,757	0.66	%
Construction	793,959		793,959		—		—		—		—		—
Construction - custom	277,599		277,508		—		—		91		91		0.03
Land - acquisition & development	104,856		104,526		—		—		330		330		0.31
Land - consumer lot loans	104,335		103,389		112		680		154		946		0.91
Multi-family	1,303,119		1,302,720		5		255		139		399		0.03
Commercial real estate	1,434,610		1,432,052		507		—		2,051		2,558		0.18
Commercial & industrial	1,093,360		1,092,735		—		51		574		625		0.06
HELOC	144,850		143,974		221		342		313		876		0.60
Consumer	85,075		84,644		245		107		79		431		0.51
Total Loans	$	11,051,453	$	11,007,440	$	12,015	$	6,245	$	25,753	$	44,013	0.40	%
Delinquency %			99.60%		0.11%		0.06%		0.23%		0.40%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following table provides information related to loans restructured in a troubled debt restructuring ("TDR") during the periods presented:



	Three Months Ended June 30,
	2018					2017
		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	5	$	714	$	714	11	$	1,836	$	1,836
HELOC	1	75		75		—	—		—
	6	$	789	$	789	11	$	1,836	$	1,836



	Nine Months Ended June 30,
	2018					2017
		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	25	$	4,909	$	4,909	31	$	5,682	$	5,682
Land - consumer lot loans	—	—		—		1	204		204
Commercial & Industrial	3	7,256		7,256		—	—		—
HELOC	1	75		75		1	228		228
	29	$	12,240	$	12,240	33	$	6,114	$	6,114

Schedule of Loan Modifications

The following table provides information on payment defaults occurring during the periods presented where the loan had been modified in a TDR within 12 months of the payment default.



	Three Months Ended June 30,
	2018			2017
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	($ in thousands)			($ in thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
Single-family residential	—	$	—	3	$	401
	—	$	—	3	$	401



	Nine Months Ended June 30,
	2018			2017
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	($ in thousands)			($ in thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	2	$	206	16	$	3,586
Commercial real estate	—	—		2	267
	2	$	206	18	$	3,853