v3.22.4
Loans And Allowance For Credit Losses (Tables)
 3 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans held for investment consist of the following:
December 31,
2022		September 30,
2022
Real estate loans:
Residential Core$11,687,740 $11,539,859 
Residential Home Today51,404 53,255 
Home equity loans and lines of credit2,699,513 2,633,878 
Construction113,815 121,759 
Real estate loans14,552,472 14,348,751 
Other loans3,481 3,263 
Add (deduct):
Deferred loan expenses, net51,768 50,221 
Loans in process(59,749)(72,273)
Allowance for credit losses on loans(74,477)(72,895)
Loans held for investment, net$14,473,495 $14,257,067 
Schedule Of Recorded Investment Of Loan Receivables That Are Past Due
An aging analysis of the amortized cost in loan receivables that are past due at December 31, 2022 and September 30, 2022 is summarized in the following tables. When a loan is more than one month past due on its scheduled payments, the loan is considered 30 days or more past due, regardless of the number of days in each month. Balances are adjusted for deferred loan fees and expenses and any applicable loans-in-process.
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due		CurrentTotal
December 31, 2022
Real estate loans:
Residential Core$6,856 $1,744 $7,525 $16,125 $11,691,893 $11,708,018 
Residential Home Today1,253 537 1,179 2,969 47,980 50,949 
Home equity loans and lines of credit3,021 754 2,951 6,726 2,725,715 2,732,441 
Construction— — — — 53,083 53,083 
Total real estate loans11,130 3,035 11,655 25,820 14,518,671 14,544,491 
Other loans— — — — 3,481 3,481 
Total$11,130 $3,035 $11,655 $25,820 $14,522,152 $14,547,972 
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due		CurrentTotal
September 30, 2022
Real estate loans:
Residential Core$2,725 $1,491 $9,281 $13,497 $11,545,784 $11,559,281 
Residential Home Today1,341 770 861 2,972 49,836 52,808 
Home equity loans and lines of credit1,599 796 2,321 4,716 2,661,416 2,666,132 
Construction— — — — 48,478 48,478 
Total real estate loans5,665 3,057 12,463 21,185 14,305,514 14,326,699 
Other loans— — — — 3,263 3,263 
Total$5,665 $3,057 $12,463 $21,185 $14,308,777 $14,329,962 
Schedule Of Recorded Investment Of Loan Receivables In Non-Accrual Status
The amortized cost of loan receivables in non-accrual status is summarized in the following table. Non-accrual with no ACL describes non-accrual loans which have no quantitative or individual valuation allowance, primarily because they have already been collaterally reviewed and any required charge-offs have been taken, but may be included in consideration of qualitative allowance factors. Balances are adjusted for deferred loan fees and expenses. There are no loans 90 or more days past due and still accruing at December 31, 2022 or September 30, 2022.
December 31, 2022September 30, 2022
Non-accrual with No ACLTotal
Non-accrual		Non-accrual with No ACLTotal
Non-accrual
Real estate loans:
Residential Core$19,587 $21,058 $20,995 $22,644 
Residential Home Today5,345 5,783 5,753 6,037 
Home equity loans and lines of credit6,912 7,289 6,668 6,925 
Total non-accrual loans$31,844 $34,130 $33,416 $35,606 
Schedule Of The Allowance For Loan Losses
Activity in the allowance for credit losses by portfolio segment is summarized as follows. See Note 11. LOAN COMMITMENTS AND CONTINGENT LIABILITIES for further details on the allowance for unfunded commitments.

 For the Three Months Ended December 31, 2022
 Beginning
Balance		Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$53,506 $792 $(114)$314 $54,498 
Residential Home Today(997)(506)(173)691 (985)
Home equity loans and lines of credit20,032 (402)(127)1,080 20,583 
Construction354 27 — — 381 
Total real estate loans$72,895 $(89)$(414)$2,085 $74,477 
Total Unfunded Loan Commitments (1)
$27,021 $(911)$— $— $26,110 
Total Allowance for Credit Losses$99,916 $(1,000)$(414)$2,085 $100,587 
(1) Total allowance for unfunded loan commitments is recorded in other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit.

 For the Three Months Ended December 31, 2021
 Beginning
Balance		Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$44,523 $(506) $(26) $481  $44,472 
Residential Home Today15 (685) (12) 588  (94)
Home equity loans and lines of credit19,454 (1,529) (237) 1,164  18,852 
Construction297 49  —  —  346 
Total real estate loans$64,289 $(2,671) $(275) $2,233  $63,576 
Total Unfunded Loan Commitments (1)
$24,970 $671 $— $— $25,641 
Total Allowance for Credit Losses$89,259 $(2,000)$(275)$2,233 $89,217 
(1) Total allowance for unfunded loan commitments is recorded in other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit
Schedule Of Credit Quality Of Residential Loan Receivables By An Internally Assigned Grade
The following tables provide information about the credit quality of residential loan receivables by an internally assigned grade as of the dates presented. Revolving loans reported at amortized cost include home equity lines of credit currently in their draw period. Revolving loans converted to term are home equity lines of credit that are in repayment. Home equity loans and bridge loans are segregated by origination year. Loans, or the portions of loans, classified as loss are fully charged-off in the period in which they are determined to be uncollectible; therefore they are not included in the following table. No Home Today loans are classified Special Mention and no construction loans are classified Substandard for either period presented. No construction loans are classified Special Mention at December 31, 2022. Balances are adjusted for deferred loan fees and expenses and any applicable loans-in-process.
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term
By fiscal year of origination
20232022202120202019PriorTotal
December 31, 2022
Real estate loans:
Residential Core
Pass$463,396 $3,274,958 $2,204,396 $1,451,445 $610,582 $3,670,822 $— $— $11,675,599 
Special Mention— — 260 — 108 1,273 — — 1,641 
Substandard— 156 563 2,856 1,269 25,934 — — 30,778 
Total Residential Core463,396 3,275,114 2,205,219 1,454,301 611,959 3,698,029 — — 11,708,018 
Residential Home Today (1)
Pass— — — — — 43,574 — — 43,574 
Substandard— — — — — 7,375 — — 7,375 
Total Residential Home Today— — — — — 50,949 — — 50,949 
Home equity loans and lines of credit
Pass41,476 85,098 28,770 8,704 7,395 17,181 2,448,906 82,118 2,719,648 
Special Mention— 253 117 47 — 53 2,294 321 3,085 
Substandard— — 73 53 19 142 2,971 6,450 9,708 
Total Home equity loans and lines of credit41,476 85,351 28,960 8,804 7,414 17,376 2,454,171 88,889 2,732,441 
Construction
Pass4,608 44,451 4,024 — — — — — 53,083 
Total Construction4,608 44,451 4,024 — — — — — 53,083 
Total real estate loans
Pass509,480 3,404,507 2,237,190 1,460,149 617,977 3,731,577 2,448,906 82,118 14,491,904 
Special Mention— 253 377 47 108 1,326 2,294 321 4,726 
Substandard— 156 636 2,909 1,288 33,451 2,971 6,450 47,861 
Total real estate loans$509,480 $3,404,916 $2,238,203 $1,463,105 $619,373 $3,766,354 $2,454,171 $88,889 $14,544,491 
(1) No new originations of Home Today loans since fiscal 2016.
Revolving Loans Amortized Cost BasisRevolving Loans Converted To Term
By fiscal year of origination
20222021202020192018PriorTotal
September 30, 2022
Real estate loans:
Residential Core
Pass$3,349,200 $2,251,075 $1,488,763 $629,090 $665,116 $3,141,907 $— $— $11,525,151 
Special Mention— 292 — 108 464 816 — — 1,680 
Substandard— 1,195 3,188 1,142 1,883 25,042 — — 32,450 
Total Residential Core3,349,200 2,252,562 1,491,951 630,340 667,463 3,167,765 — — 11,559,281 
Residential Home Today (1)
Pass— — — — — 45,408 — — 45,408 
Substandard— — — — — 7,400 — — 7,400 
Total Residential Home Today— — — — — 52,808 — — 52,808 
Home equity loans and lines of credit
Pass98,904 30,614 9,204 8,036 6,965 11,247 2,400,095 89,448 2,654,513 
Special Mention— 191 — — — — 898 640 1,729 
Substandard— — 54 20 19 127 2,996 6,674 9,890 
Total Home equity loans and lines of credit98,904 30,805 9,258 8,056 6,984 11,374 2,403,989 96,762 2,666,132 
Construction
Pass37,810 10,668 — — — — — — 48,478 
Total Construction37,810 10,668 — — — — — — 48,478 
Total real estate loans
Pass3,485,914 2,292,357 1,497,967 637,126 672,081 3,198,562 2,400,095 89,448 14,273,550 
Special Mention— 483 — 108 464 816 898 640 3,409 
Substandard— 1,195 3,242 1,162 1,902 32,569 2,996 6,674 49,740 
Total real estate loans$3,485,914 $2,294,035 $1,501,209 $638,396 $674,447 $3,231,947 $2,403,989 $96,762 $14,326,699 
(1) No new originations of Home Today loans since fiscal 2016.
Schedule Of Troubled Debt Restructured Loans The amortized cost in TDRs by category as of December 31, 2022 and September 30, 2022 is shown in the tables below.
December 31, 2022Initial RestructuringMultiple
Restructurings		BankruptcyTotal
Residential Core$30,157 $17,385 $10,873 $58,415 
Residential Home Today10,060 11,177 1,884 23,121 
Home equity loans and lines of credit22,490 2,676 1,162 26,328 
Total$62,707 $31,238 $13,919 $107,864 
September 30, 2022Initial RestructuringMultiple
Restructurings		BankruptcyTotal
Residential Core$30,071 $17,583 $10,896 $58,550 
Residential Home Today10,359 11,485 1,995 23,839 
Home equity loans and lines of credit22,636 2,743 1,268 26,647 
Total$63,066 $31,811 $14,159 $109,036 
    
The following tables set forth the amortized cost in TDRs restructured during the periods presented.
For the Three Months Ended December 31, 2022
 Initial RestructuringMultiple
Restructurings		BankruptcyTotal
Residential Core$1,447 $498 $364 $2,309 
Residential Home Today— 197 — 197 
Home equity loans and lines of credit335 — — 335 
Total$1,782 $695 $364 $2,841 
For the Three Months Ended December 31, 2021
 Initial RestructuringMultiple
Restructurings		BankruptcyTotal
Residential Core$904 $181 $394 $1,479 
Residential Home Today133 219 11 363 
Home equity loans and lines of credit22 32 45 99 
Total$1,059 $432 $450 $1,941 
The tables below summarize information about TDRs restructured within 12 months of the period presented for which there was a subsequent payment default, at least 30 days past due on one scheduled payment, during the periods presented.
 For the Three Months Ended December 31,
20222021
TDRs That Subsequently DefaultedNumber of
Contracts		Amortized CostNumber of
Contracts		Amortized Cost
Residential Core5 $676 5 $810 
Residential Home Today3 74 10 310 
Home equity loans and lines of credit— — 1 149 
Total8 $750 16 $1,269