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Loans Receivable (Tables)
 12 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of loans receivable
The following table is a summary of loans receivable by loan portfolio segment and class.

 September 30, 2020September 30, 2019
 ($ in thousands)($ in thousands)
Gross loans by category
Commercial loans
   Multi-family$1,538,762 10.6 %$1,422,674 10.7 %
   Commercial real estate1,895,086 13.1 1,631,170 12.3 
   Commercial & industrial (1)2,132,160 14.7 1,268,695 9.5 
   Construction2,403,276 16.6 2,038,052 15.3 
   Land - acquisition & development193,745 1.3 204,107 1.5 
 Total commercial loans8,163,029 56.3 6,564,698 49.3 
Consumer loans
 Single-family residential5,304,689 36.7 5,835,194 43.8 
 Construction - custom674,879 4.7 540,741 4.1 
 Land - consumer lot loans102,263 0.7 99,694 0.7 
   HELOC139,703 1.0 142,178 1.1 
   Consumer83,159 0.6 129,883 1.0 
 Total consumer loans6,304,693 43.7 6,747,690 50.7 
Total gross loans14,467,722 100 %13,312,388 100 %
   Less:
      Allowance for loan losses166,955 131,534 
      Loans in process1,456,072 1,201,341 
      Net deferred fees, costs and discounts52,378 48,938 
Total loan contra accounts1,675,405 1,381,813 
Net loans$12,792,317 $11,930,575 
(1) Includes $762,004,000 of SBA Payroll Protection Program loans as of September 30, 2020.
Schedule of fixed and adjustable rate loans
The following summary breaks down the Company's fixed rate and adjustable rate loans by time to maturity or to rate adjustment.
September 30, 2020
Fixed-RateAdjustable-Rate
Term To MaturityLoans% of LoansTerm To Rate AdjustmentLoans% of Loans
 (In thousands) (In thousands)
Within 1 year$128,254 1.0 %Less than 1 year$3,592,689 27.7 %
1 to 3 years1,179,316 9.1 1 to 3 years440,980 3.4 
3 to 5 years398,019 3.1 3 to 5 years588,366 4.5 
5 to 10 years1,044,581 8.1 5 to 10 years46,473 0.4 
10 to 20 years983,856 7.6 10 to 20 years25,190 0.2 
Over 20 years4,517,836 34.9 Over 20 years13,712 0.1 
$8,251,862 63.8 %$4,707,410 36.3 %
Non accrual loans held by the company
The following table sets forth the amortized cost basis of loans receivable for specific disclosures required by ASC 326.

 September 30, 2020September 30, 2019
 (In thousands, except ratio data)
Non-accrualNon-accrual with no ACL90 days or more past due and accruingNon-accrualNon-accrual with no ACL90 days or more past due and accruing
Commercial loans
Multi-family$— $— $— $— $— $— 
Commercial real estate3,771 — — 5,835 — — 
Commercial & industrial329 — — 1,292 — — 
Construction1,669 — — — — — 
Land - acquisition & development— — — 169 — — 
   Total commercial loans5,769 — — 7,296 — — 
Consumer loans
Single-family residential22,431 — 933 25,271 — 1,671 
Construction - custom— — — — — — 
Land - consumer lot loans243 — — 246 — 620 
HELOC553 — — 907 — — 
Consumer60 — 17 11 — 19 
   Total consumer loans23,287 — 950 26,435 — 2,310 
Total loans$29,056 $— $950 $33,731 $— $2,310 
% of total loans0.22 %0.28 %
Analysis of age of loans in past due status
The following tables break down loan delinquencies by loan portfolio segment and class.
September 30, 2020Days Delinquent Based on $ Amount of Loans% based
on $
Loan typeLoans Receivable (Amortized Cost)Current306090Total
($ in thousands)
Commercial loans
   Multi-Family$1,538,240 $1,538,240 $— $— $— $— — %
   Commercial Real Estate1,884,688 1,884,210 — 195 283 478 0.03 
   Commercial & Industrial2,115,513 2,114,650 — 583 280 863 0.04 
   Construction - Speculative1,352,414 1,350,752 — — 1,662 1,662 0.12 
   Land - Acquisition & Development153,571 153,571 — — — — — 
Total commercial loans7,044,426 7,041,423 — 778 2,225 3,003 0.04 
Consumer loans
   Single-Family Residential5,293,962 5,267,608 3,922 3,108 19,324 26,354 0.50 
   Construction - Custom295,953 295,953 — — — — — 
   Land - Consumer Lot Loans101,394 101,029 152 — 213 365 0.36 
   HELOC140,222 139,491 275 76 380 731 0.52 
   Consumer83,315 82,959 121 11 224 356 0.43 
Total consumer loans5,914,846 5,887,040 4,470 3,195 20,141 27,806 0.47 
Total Loans$12,959,272 $12,928,463 $4,470 $3,973 $22,366 $30,809 0.24 %
Delinquency %99.76%0.03%0.03%0.17%0.24%
September 30, 2019Days Delinquent Based on $ Amount of Loans% based
on $
Loan typeLoans Receivable (Net of Loans in Process)Current306090Total
($ in thousands)
Commercial loans
   Multi-Family$1,422,652 $1,422,652 $— $— $— $— — %
   Commercial Real Estate1,631,171 1,625,509 1,614 285 3,763 5,662 0.35 
   Commercial & Industrial1,268,695 1,267,828 — — 867 867 0.07 
   Construction - Speculative1,164,889 1,164,889 — — — — — 
   Land - Acquisition & Development161,194 161,194 — — — — — 
Total commercial loans5,648,601 5,642,072 1,614 285 4,630 6,529 0.12 
Consumer loans
   Single-Family Residential5,835,186 5,809,239 3,672 3,211 19,064 25,947 0.44 
   Construction - Custom255,505 255,505 — — — — — 
   Land - Consumer Lot Loans99,694 98,916 112 619 47 778 0.78 
   HELOC142,178 140,718 580 183 697 1,460 1.03 
   Consumer129,883 129,227 295 117 244 656 0.51 
Total consumer loans6,462,446 6,433,605 4,659 4,130 20,052 28,841 0.45 
Total Loans$12,111,047 $12,075,677 $6,273 $4,415 $24,682 $35,370 0.29 %
Delinquency %99.71%0.05%0.04%0.20%0.29%
Summary of loans based on credit quality indicators The following tables present by credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of September 30, 2020.
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016Prior to 2016Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$397,008 $151,175 $267,832 $243,349 $177,888 $255,177 $14,263 $— $1,506,692 
Special Mention649 2,815 907 4,515 2,654 2,181 — — 13,721 
Substandard— 7,543 3,974 3,791 2,298 221 — — 17,827 
Total$397,657 $161,533 $272,713 $251,655 $182,840 $257,579 $14,263 $— $1,538,240 
Commercial real estate
Pass$425,246 $243,780 $259,958 $265,841 $182,584 $301,156 $2,558 $107 $1,681,230 
Special Mention5,096 13,694 3,987 14,910 303 54,194 — — 92,184 
Substandard4,196 25,607 2,718 38,289 10,041 30,423 — — 111,274 
Total$434,538 $283,081 $266,663 $319,040 $192,928 $385,773 $2,558 $107 $1,884,688 
Commercial & industrial
Pass$908,408 $64,015 $90,796 $79,421 $99,426 $75,672 $580,123 $848 $1,898,709 
Special Mention25,612 7,107 1,167 4,330 24,204 — 2,275 — 64,695 
Substandard30,894 9,696 10,780 901 23,907 4,561 71,223 147 152,109 
Total$964,914 $80,818 $102,743 $84,652 $147,537 $80,233 $653,621 $995 $2,115,513 
Construction
Pass$344,346 $405,030 $239,125 $132,034 $290 $— $66,961 $— $1,187,786 
Special Mention2,275 — 43,486 15,417 — — — — 61,178 
Substandard7 33,457 5,847 21,915 42,224 — — — 103,450 
Total$346,628 $438,487 $288,458 $169,366 $42,514 $— $66,961 $— $1,352,414 
Land - acquisition & development
Pass$47,223 $43,297 $18,139 $18,338 $3,774 $1,911 $5,316 $— $137,998 
Special Mention— — — — — 15,573 — — 15,573 
Total$47,223 $43,297 $18,139 $18,338 $3,774 $17,484 $5,316 $— $153,571 
Total commercial loans
Pass$2,122,231 $907,297 $875,850 $738,983 $463,962 $633,916 $669,221 $955 $6,412,415 
Special Mention33,632 23,616 49,547 39,172 27,161 71,948 2,275 — 247,351 
Substandard35,097 76,303 23,319 64,896 78,470 35,205 71,223 147 384,660 
Total$2,190,960 $1,007,216 $948,716 $843,051 $569,593 $741,069 $742,719 $1,102 $7,044,426 
Term Loans Amortized Cost Basis by Origination Year
(In thousands)20202019201820172016Prior to 2016Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$828,030 $585,133 $597,198 $714,066 $523,000 $2,020,181 $— $— $5,267,608 
30 days past due— — — 859 135 2,928 — — 3,922 
60 days past due— — — — — 3,108 — — 3,108 
90+ days past due— 680 — 440 640 17,564 — — 19,324 
Total$828,030 $585,813 $597,198 $715,365 $523,775 $2,043,781 $— $— $5,293,962 
Construction - custom
Current$200,853 $91,940 $3,160 $— $— $— $— $— $295,953 
Total$200,853 $91,940 $3,160 $— $— $— $— $— $295,953 
Land - consumer lot loans
Current$44,908 $18,139 $6,971 $7,693 $2,619 $20,699 $— $— $101,029 
30 days past due— — 152 — — — — — 152 
90+ days past due— — — 122 — 91 — — 213 
Total$44,908 $18,139 $7,123 $7,815 $2,619 $20,790 $— $— $101,394 
HELOC
Current$— $— $— $— $— $6,732 $131,353 $1,406 $139,491 
30 days past due— — — — — 44 231 — 275 
60 days past due— — — — — 37 39 — 76 
90+ days past due— — — — — 30 350 — 380 
Total$— $— $— $— $— $6,843 $131,973 $1,406 $140,222 
Consumer
Current$1,334 $1,527 $58,384 $129 $338 $18,523 $2,724 $— $82,959 
30 days past due— — — 62 — 59 — — 121 
60 days past due— — — — — 11 — — 11 
90+ days past due— 54 — 159 — 6 5 — 224 
Total$1,334 $1,581 $58,384 $350 $338 $18,599 $2,729 $— $83,315 
Total consumer loans
Current$1,075,125 $696,739 $665,713 $721,888 $525,957 $2,066,135 $134,077 $1,406 $5,887,040 
30 days past due— — 152 921 135 3,031 231 — 4,470 
60 days past due— — — — — 3,156 39 — 3,195 
90+ days past due— 734 — 721 640 17,691 355 — 20,141 
Total$1,075,125 $697,473 $665,865 $723,530 $526,732 $2,090,013 $134,702 $1,406 $5,914,846 
The following table provides the amortized cost of loans receivable based on risk rating categories (as previously defined).
 
September 30, 2020Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands)
Loan type
Commercial loans
   Multi-family$1,506,692 $13,721 $17,827 $— $— $1,538,240 
   Commercial real estate1,681,230 92,184 111,274 — — 1,884,688 
   Commercial & industrial1,898,709 64,695 152,109 — — 2,115,513 
   Construction - speculative1,187,786 61,178 103,450 — — 1,352,414 
   Land - acquisition & development137,998 15,573 — — — 153,571 
      Total commercial loans6,412,415 247,351 384,660 — — 7,044,426 
Consumer loans
   Single-family residential5,270,666 192 23,104 — — 5,293,962 
   Construction - custom295,953 — — — — 295,953 
   Land - consumer lot loans101,151 — 243 — — 101,394 
   HELOC139,646 — 576 — — 140,222 
   Consumer83,304 — 11 — — 83,315 
      Total consumer loans5,890,720 192 23,934 — — 5,914,846 
Total loans$12,303,135 $247,543 $408,594 $— $— $12,959,272 
Total grade as a % of total loans94.9 %1.9 %3.2 %— %— %

The following table provides the gross loans receivable based on risk rating categories (as previously defined).
September 30, 2019Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands)
Loan type
Commercial loans
   Multi-family$1,418,837 $— $3,837 $— $— $1,422,674 
   Commercial real estate1,602,634 2,754 25,782 — — 1,631,170 
   Commercial & industrial1,229,891 18,125 20,679 — — 1,268,695 
   Construction - speculative2,038,052 — — — — 2,038,052 
   Land - acquisition & development200,283 — 3,824 — — 204,107 
      Total commercial loans6,489,697 20,879 54,122 — — 6,564,698 
Consumer loans
   Single-family residential5,808,444 — 26,750 — — 5,835,194 
   Construction - custom540,741 — — — — 540,741 
   Land - consumer lot loans98,828 — 866 — — 99,694 
   HELOC141,271 — 907 — — 142,178 
   Consumer129,872 — 11 — — 129,883 
      Total consumer loans6,719,156 — 28,534 — — 6,747,690 
Total gross loans$13,208,853 $20,879 $82,656 $— $— $13,312,388 
Total grade as a % of total gross loans99.2 %0.2 %0.6 %— %— %