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Loans Receivable (Tables)
 3 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Loans Receivable
The following table is a summary of loans receivable by loan portfolio segment and class.
 December 31, 2022September 30, 2022
(In thousands)(In thousands)
Commercial loans
Multi-family$2,713,331 13.4 %$2,645,801 13.7 %
Commercial real estate3,237,073 16.0 3,133,660 16.2 
Commercial & industrial2,628,131 13.0 2,350,984 12.1 
Construction4,055,474 20.0 3,784,388 19.5 
Land - acquisition & development253,682 1.2 291,301 1.5 
Total commercial loans12,887,691 63.6 12,206,134 63.0 
Consumer loans
Single-family residential6,013,410 29.7 5,771,862 29.8 
Construction - custom926,126 4.6 974,652 5.0 
   Land - consumer lot loans148,246 0.7 153,240 0.8 
   HELOC212,123 1.0 203,528 1.0 
   Consumer73,115 0.4 75,543 0.4 
Total consumer loans7,373,020 36.4 7,178,825 37.0 
Total gross loans20,260,711 100 %19,384,959 100 %
   Less:
      Allowance for credit losses on loans176,797 172,808 
      Loans in process2,997,839 3,006,023 
      Net deferred fees, costs and discounts92,487 92,564 
Total loan contra accounts3,267,123 3,271,395 
Net loans$16,993,588 $16,113,564 
Non-accrual Loans and Loans 90 Days or More Past Due and Accruing
The following table sets forth the amortized cost basis of non-accrual loans and loans 90 days or more past due and accruing.
 
 December 31, 2022September 30, 2022
 (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$5,879 $— $— $5,912 $— $— 
Commercial real estate4,635 — — 4,691 — — 
Commercial & industrial906 906 — 5,693 1,308 — 
Construction— — — — — — 
Land - acquisition & development— — — — — — 
   Total commercial loans11,420 906 — 16,296 1,308 — 
Consumer loans
Single-family residential17,084 — — 17,450 — — 
Construction - custom435 — — 435 — — 
Land - consumer lot loans71 — — 84 — — 
HELOC134 — — 233 — — 
Consumer36 — — 36 — — 
   Total consumer loans17,760 — — 18,238 — — 
Total non-accrual loans$29,180 $906 $— $34,534 $1,308 $— 
% of total loans0.17 %0.21 %
Loan Delinquencies by Loan Portfolio and Class
The following tables provide details regarding loan delinquencies by loan portfolio and class.
 
December 31, 2022Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$2,695,759 $2,695,759 $— $— $— $— — %
Commercial real estate3,213,308 3,212,259 533 452 64 1,049 0.03 
Commercial & industrial2,621,266 2,620,020 261 81 904 1,246 0.05 
Construction1,637,499 1,636,565 934 — 934 0.06 
Land - acquisition & development191,162 191,162 — — — — — 
   Total commercial loans10,358,994 10,355,765 1,728 533 968 3,229 0.03 
Consumer Loans
Single-family residential5,967,678 5,946,382 5,661 2,038 13,597 21,296 0.36 
Construction - custom408,563 408,128 — — 435 435 0.11 
Land - consumer lot loans147,078 146,969 49 — 60 109 0.07 
HELOC214,904 212,655 2,121 — 128 2,249 1.05 
Consumer73,168 72,777 54 174 163 391 0.53 
   Total consumer loans6,811,391 6,786,911 7,885 2,212 14,383 24,480 0.36 
Total Loans$17,170,385 $17,142,676 $9,613 $2,745 $15,351 $27,709 0.16 %
Delinquency %99.84%0.06%0.01%0.09%0.16%



September 30, 2022Days Delinquent Based on $ Amount of Loans% based
on $
Type of LoanLoans Receivable (Amortized Cost)Current306090Total Delinquent
(In thousands, except ratio data)
Commercial Loans
Multi-family$2,626,479 $2,626,479 $— $— $— $— — %
Commercial real estate3,111,112 3,110,056 538 450 68 1,056 0.03 
Commercial & industrial2,343,403 2,336,791 — 919 5,693 6,612 0.28 
Construction1,423,891 1,423,891 — — — — 
Land - acquisition & development223,616 223,616 — — — — — 
  Total commercial loans9,728,501 9,720,833 538 1,369 5,761 7,668 0.08 
Consumer Loans
Single-family residential5,726,979 5,708,996 2,796 1,316 13,871 17,983 0.31 
Construction - custom397,343 396,908 — — 435 435 0.11 
Land - consumer lot loans151,945 151,746 — 139 60 199 0.13 
HELOC206,033 205,605 155 46 227 428 0.21 
Consumer75,571 75,357 162 17 35 214 0.28 
  Total consumer loans6,557,871 6,538,612 3,113 1,518 14,628 19,259 0.29 
Total Loans$16,286,372 $16,259,445 $3,651 $2,887 $20,389 $26,927 0.17 %
Delinquency %99.83%0.02%0.02%0.13%0.17%
Summary of Loans Based on Credit Quality Indicators
The following tables present by primary credit quality indicator, loan class, and year of origination, the amortized cost basis of loans receivable as of December 31, 2022 and September 30, 2022.
December 31, 2022Term Loans Amortized Cost Basis by Origination Year
YTD 20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Commercial loans
Multi-family
Pass$94,649 $666,795 $763,102 $486,468 $167,495 $464,692 $36,361 $— $2,679,562 
Substandard— 3,931 — 4,180 — 8,086 — — 16,197 
Total$94,649 $670,726 $763,102 $490,648 $167,495 $472,778 $36,361 $— $2,695,759 
Commercial real estate
Pass$130,440 $806,478 $722,298 $467,416 $296,176 $705,610 $1,375 $— $3,129,793 
Special Mention— — — — 1,382 — — — 1,382 
Substandard— 5,562 1,584 26,609 30,517 15,291 2,570 — 82,133 
Total$130,440 $812,040 $723,882 $494,025 $328,075 $720,901 $3,945 $— $3,213,308 
Commercial & industrial
Pass$124,523 $272,160 $345,166 $134,933 $34,585 $211,323 $1,350,779 $1,911 $2,475,380 
Special Mention— — 2,601 — — — 2,850 — 5,451 
Substandard— 7,961 12,829 5,292 4,671 25,427 84,255 — 140,435 
Total$124,523 $280,121 $360,596 $140,225 $39,256 $236,750 $1,437,884 $1,911 $2,621,266 
Construction
Pass$17,955 $651,808 $694,514 $155,086 $33,585 $375 $75,930 $— $1,629,253 
Substandard— 5,987 2,259 — — — — — 8,246 
Total$17,955 $657,795 $696,773 $155,086 $33,585 $375 $75,930 $— $1,637,499 
Land - acquisition & development
Pass$4,682 $88,588 $48,857 $17,530 $2,981 $25,932 $2,592 $— $191,162 
Total$4,682 $88,588 $48,857 $17,530 $2,981 $25,932 $2,592 $— $191,162 
Total commercial loans
Pass$372,249 $2,485,829 $2,573,937 $1,261,433 $534,822 $1,407,932 $1,467,037 $1,911 $10,105,150 
Special Mention— — 2,601 — 1,382 — 2,850 — 6,833 
Substandard— 23,441 16,672 36,081 35,188 48,804 86,825 — 247,011 
Total$372,249 $2,509,270 $2,593,210 $1,297,514 $571,392 $1,456,736 $1,556,712 $1,911 $10,358,994 
December 31, 2022Term Loans Amortized Cost Basis by Origination Year
YTD 20232022202120202019Prior to 2019Revolving LoansRevolving to Term LoansTotal Loans
Consumer loans
Single-family residential
Current$219,679 $1,148,027 $1,717,690 $768,368 $313,719 $1,778,899 $— $— $5,946,382 
30 days past due— — 1,637 — 63 3,961 — — 5,661 
60 days past due— — — — — 2,038 — — 2,038 
90+ days past due— — — — 1,084 12,513 — — 13,597 
Total$219,679 $1,148,027 $1,719,327 $768,368 $314,866 $1,797,411 $— $— $5,967,678 
Construction - custom
Current$— $320,079 $82,349 $4,864 $358 $478 $— $— $408,128 
90+ days past due— — 435 — — — — — 435 
Total$— $320,079 $82,784 $4,864 $358 $478 $— $— $408,563 
Land - consumer lot loans
Current$4,355 $50,736 $55,658 $15,336 $5,189 $15,695 $— $— $146,969 
30 days past due— — — — — 49 — — 49 
90+ days past due— — — — — 60 — — 60 
Total$4,355 $50,736 $55,658 $15,336 $5,189 $15,804 $— $— $147,078 
HELOC
Current$— $— $— $— $— $4,846 $207,284 $525 $212,655 
30 days past due— — — — — 260 1,861 — 2,121 
90+ days past due— — — — — — 128 — 128 
Total$— $— $— $— $— $5,106 $209,273 $525 $214,904 
Consumer
Current$108 $2,145 $9,986 $8,023 $203 $28,303 $24,009 $— $72,777 
30 days past due— — — — — 37 17 — 54 
60 days past due— — — — 1 173 — — 174 
90+ days past due— 2 — — 32 129 — — 163 
Total$108 $2,147 $9,986 $8,023 $236 $28,642 $24,026 $— $73,168 
Total consumer loans
Current$224,142 $1,520,987 $1,865,683 $796,591 $319,469 $1,828,221 $231,293 $525 $6,786,911 
30 days past due— — 1,637 — 63 4,307 1,878 — 7,885 
60 days past due— — — — 1 2,211 — — 2,212 
90+ days past due— 2 435 — 1,116 12,702 128 — 14,383 
Total$224,142 $1,520,989 $1,867,755 $796,591 $320,649 $1,847,441 $233,299 $525 $6,811,391 
The following tables provide the amortized cost of loans receivable based on risk rating categories as previously defined.
December 31, 2022Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$2,679,562 $— $16,197 $— $— $2,695,759 
  Commercial real estate3,129,793 1,382 82,133 — — 3,213,308 
  Commercial & industrial2,475,380 5,451 140,435 — — 2,621,266 
  Construction1,629,253 — 8,246 — — 1,637,499 
  Land - acquisition & development191,162 — — — — 191,162 
    Total commercial loans10,105,150 6,833 247,011 — — 10,358,994 
Consumer loans
  Single-family residential5,947,295 — 20,383 — — 5,967,678 
  Construction - custom408,127 — 436 — — 408,563 
  Land - consumer lot loans147,007 — 71 — — 147,078 
  HELOC214,771 — 133 — — 214,904 
  Consumer73,161 — 7 — — 73,168 
    Total consumer loans6,790,361 — 21,030 — — 6,811,391 
Total$16,895,511 $6,833 $268,041 $— $— $17,170,385 
Total grade as a % of total loans98.40 %0.04 %1.56 %— %— %
September 30, 2022Internally Assigned Grade
 PassSpecial mentionSubstandardDoubtfulLossTotal Gross Loans
 (In thousands, except ratio data)
Loan type
Commercial loans
  Multi-family$2,612,669 $— $13,810 $— $— $2,626,479 
  Commercial real estate3,054,241 1,594 55,277 — — 3,111,112 
  Commercial & industrial2,196,767 31,656 114,980 — — 2,343,403 
  Construction1,421,634 — 2,257 — — 1,423,891 
  Land - acquisition & development223,616 — — — — 223,616 
    Total commercial loans9,508,927 33,250 186,324 — — 9,728,501 
Consumer loans
  Single-family residential5,706,199 — 20,780 — — 5,726,979 
  Construction - custom396,908 — 435 — — 397,343 
  Land - consumer lot loans151,723 — 222 — — 151,945 
  HELOC205,800 — 233 — — 206,033 
  Consumer75,570 — 1 — — 75,571 
    Total consumer loans6,536,200 — 21,671 — — 6,557,871 
Total loans$16,045,127 $33,250 $207,995 $— $— $16,286,372 
Total grade as a % of total gross loans98.52 %0.20 %1.28 %— %— %
The following tables provide information on amortized cost of loans receivable based on borrower payment activity.

December 31, 2022Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$2,689,880 99.8 %$5,879 0.2 %
   Commercial real estate3,208,673 99.9 4,635 0.1 
   Commercial & industrial2,620,360 100.0 906 — 
   Construction1,637,499 100.0 — 0.0 
   Land - acquisition & development191,162 100.0 — — 
      Total commercial loans10,347,574 99.9 11,420 0.1 
Consumer loans
   Single-family residential5,950,594 99.7 17,084 0.3 
   Construction - custom408,128 99.9 435 0.1 
   Land - consumer lot loans147,007 100.0 71 0.0 
   HELOC214,770 99.9 134 0.1 
   Consumer73,132 100.0 36 0.0 
      Total consumer loans6,793,631 99.7 17,760 0.3 
Total loans$17,141,205 99.8 %$29,180 0.2 %
September 30, 2022Performing LoansNon-Performing Loans
 Amount% of Total
Loans		Amount% of Total
Loans
 (In thousands, except ratio data)
Commercial loans
   Multi-family$2,620,567 99.8 %$5,912 0.2 %
   Commercial real estate3,106,421 99.8 4,691 0.2 
   Commercial & industrial2,337,710 99.8 5,693 0.2 
   Construction1,423,891 100.0 — — 
   Land - acquisition & development223,616 100.0 — — 
      Total commercial loans9,712,205 99.8 16,296 0.2 
Consumer loans
   Single-family residential5,709,529 99.7 17,450 0.3 
   Construction - custom396,908 99.9 435 0.1 
   Land - consumer lot loans151,861 99.9 84 0.1 
   HELOC205,800 99.9 233 0.1 
   Consumer75,535 100.0 36 0.0 
      Total consumer loans6,539,633 99.7 18,238 0.4 
Total loans$16,251,838 99.8 %$34,534 0.2 %