Loans Receivable And Allowance For Credit Losses (Tables)

6 Months Ended

Mar. 31, 2025

Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss [Abstract]

Loans receivable, net at the dates presented is summarized as follows:


	March 31, 2025		September 30, 2024
	(Dollars in thousands)
One- to four-family:
Originated	$	3,863,882	$	3,941,952
Correspondent purchased	2,117,232		2,212,587
Bulk purchased	119,914		127,161
Construction	16,782		22,970
Total	6,117,810		6,304,670
Commercial:
Commercial real estate	1,340,539		1,191,624
Commercial and industrial	135,884		129,678
Construction	191,904		187,676
Total	1,668,327		1,508,978
Consumer:
Home equity	99,049		99,988
Other	9,434		9,615
Total	108,483		109,603

Total loans receivable	7,894,620		7,923,251

Less:
ACL	23,970		23,035
Deferred loan fees/discounts	30,276		30,336
Premiums/deferred costs	(35,531)		(37,458)
	$	7,875,905	$	7,907,338

Credit Quality Indicators

The following tables set forth, as of the dates indicated, the amortized cost of loans by class of financing receivable, year of origination or most recent credit decision, and loan classification. Amortized cost is the amount of unpaid principal, net of undisbursed loan funds, unamortized premiums and discounts, and deferred fees and costs. All revolving lines of credit and revolving lines of credit converted to term loans are presented separately, regardless of origination year. Loans classified as doubtful or loss are individually evaluated for loss. At March 31, 2025 and September 30, 2024, there were no loans classified as doubtful, and all loans classified as loss were fully charged-off.


	March 31, 2025
															Revolving
															Line of
	Current		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		Credit
	Fiscal		Year		Year		Year		Year		Prior		Line of		Converted
	Year		2024		2023		2022		2021		Years		Credit		to Term		Total
	(Dollars in thousands)
One- to four-family:
Originated
Pass	$	108,626	$	238,584	$	311,276	$	556,375	$	777,713	$	1,852,621	$	—	$	—	$	3,845,195
Special Mention	—		—		1,161		1,005		843		5,966		—		—		8,975
Substandard	—		—		482		84		214		11,393		—		—		12,173
Correspondent purchased
Pass	—		786		313,915		465,188		551,402		802,496		—		—		2,133,787
Special Mention	—		—		986		513		371		948		—		—		2,818
Substandard	—		—		275		404		538		4,398		—		—		5,615
Bulk purchased
Pass	—		—		—		—		—		117,765		—		—		117,765
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		2,552		—		—		2,552
	108,626		239,370		628,095		1,023,569		1,331,081		2,798,139		—		—		6,128,880
Commercial:
Commercial real estate
Pass	250,522		312,139		404,683		227,779		120,081		149,210		7,591		—		1,472,005
Special Mention	8,270		—		—		—		—		82		—		—		8,352
Substandard	—		142		42,008		—		111		3,650		50		—		45,961
Commercial and industrial
Pass	13,600		38,513		28,892		15,581		6,590		2,371		28,390		—		133,937
Special Mention	95		190		30		58		—		—		526		—		899
Substandard	—		227		—		107		—		82		638		—		1,054
	272,487		351,211		475,613		243,525		126,782		155,395		37,195		—		1,662,208
Consumer:
Home equity
Pass	2,988		6,107		4,047		4,143		1,337		2,483		69,870		7,760		98,735
Special Mention	—		35		20		—		—		—		—		107		162
Substandard	—		—		—		—		—		9		340		107		456
Other
Pass	2,732		2,809		1,859		1,175		267		84		398		—		9,324
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		50		14		43		—		2		1		—		110
	5,720		9,001		5,940		5,361		1,604		2,578		70,609		7,974		108,787

Total	$	386,833	$	599,582	$	1,109,648	$	1,272,455	$	1,459,467	$	2,956,112	$	107,804	$	7,974	$	7,899,875


	September 30, 2024
															Revolving
															Line of
	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		Credit
	Year		Year		Year		Year		Year		Prior		Line of		Converted
	2024		2023		2022		2021		2020		Years		Credit		to Term		Total
	(Dollars in thousands)
One- to four-family:
Originated
Pass	$	241,765	$	325,492	$	578,275	$	809,643	$	521,647	$	1,447,237	$	—	$	—	$	3,924,059
Special Mention	—		295		1,229		1,982		772		9,565		—		—		13,843
Substandard	—		658		49		468		1,398		9,571		—		—		12,144
Correspondent purchased
Pass	798		325,384		482,103		570,970		225,650		623,496		—		—		2,228,401
Special Mention	—		993		659		658		398		977		—		—		3,685
Substandard	—		—		1,662		265		—		5,130		—		—		7,057
Bulk purchased
Pass	—		—		—		—		—		124,076		—		—		124,076
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		3,514		—		—		3,514
	242,563		652,822		1,063,977		1,383,986		749,865		2,223,566		—		—		6,316,779
Commercial:
Commercial real estate
Pass	326,158		400,649		284,493		135,935		74,174		110,309		23,865		—		1,355,583
Special Mention	12,440		2,543		—		—		92		1,094		—		—		16,169
Substandard	142		827		—		—		647		636		50		—		2,302
Commercial and industrial
Pass	46,335		32,112		18,131		8,075		1,350		2,051		20,876		—		128,930
Special Mention	401		—		—		—		—		—		12		—		413
Substandard	227		—		—		—		—		82		26		—		335
	385,703		436,131		302,624		144,010		76,263		114,172		44,829		—		1,503,732
Consumer:
Home equity
Pass	7,331		4,377		4,575		1,437		814		2,127		73,020		5,895		99,576
Special Mention	—		—		—		—		—		—		45		281		326
Substandard	—		20		—		—		—		24		120		181		345
Other
Pass	4,112		2,737		1,697		385		101		95		346		—		9,473
Special Mention	—		—		—		—		—		—		—		—		—
Substandard	80		14		44		—		4		—		—		—		142
	11,523		7,148		6,316		1,822		919		2,246		73,531		6,357		109,862

Total	$	639,789	$	1,096,101	$	1,372,917	$	1,529,818	$	827,047	$	2,339,984	$	118,360	$	6,357	$	7,930,373

Delinquency Status - The following tables set forth, as of the dates indicated, the amortized cost of current loans, loans 30 to 89 days delinquent, and loans 90 or more days delinquent or in foreclosure ("90+/FC"), by class of financing receivable and year of origination or most recent credit decision as of the dates indicated. All revolving lines of credit and revolving lines of credit converted to term loans are presented separately, regardless of origination year.


	March 31, 2025
															Revolving
															Line of
	Current		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		Credit
	Fiscal		Year		Year		Year		Year		Prior		Line of		Converted
	Year		2024		2023		2022		2021		Years		Credit		to Term		Total
	(Dollars in thousands)
One- to four-family:
Originated
Current	$	108,626	$	238,270	$	312,625	$	556,427	$	777,828	$	1,861,709	$	—	$	—	$	3,855,485
30-89	—		314		294		953		418		6,073		—		—		8,052
90+/FC	—		—		—		84		524		2,198		—		—		2,806
Correspondent purchased
Current	—		786		314,901		465,701		551,531		804,342		—		—		2,137,261
30-89	—		—		—		241		515		2,209		—		—		2,965
90+/FC	—		—		275		163		265		1,291		—		—		1,994
Bulk purchased
Current	—		—		—		—		—		119,513		—		—		119,513
30-89	—		—		—		—		—		181		—		—		181
90+/FC	—		—		—		—		—		623		—		—		623
	108,626		239,370		628,095		1,023,569		1,331,081		2,798,139		—		—		6,128,880
Commercial:
Commercial real estate
Current	258,792		312,139		446,201		227,779		120,081		147,948		7,591		—		1,520,531
30-89	—		—		—		—		—		2,471		—		—		2,471
90+/FC	—		142		490		—		111		2,523		50		—		3,316
Commercial and industrial
Current	13,695		38,704		28,922		15,746		6,590		2,371		29,137		—		135,165
30-89	—		—		—		—		—		—		348		—		348
90+/FC	—		226		—		—		—		82		69		—		377
	272,487		351,211		475,613		243,525		126,782		155,395		37,195		—		1,662,208
Consumer:
Home equity
Current	2,988		6,142		4,052		4,129		1,337		2,336		69,745		7,862		98,591
30-89	—		—		15		14		—		153		155		24		361
90+/FC	—		—		—		—		—		3		310		88		401
Other
Current	2,721		2,801		1,858		1,210		209		84		397		—		9,280
30-89	11		8		1		1		58		—		2		—		81
90+/FC	—		50		14		7		—		2		—		—		73
	5,720		9,001		5,940		5,361		1,604		2,578		70,609		7,974		108,787

Total	$	386,833	$	599,582	$	1,109,648	$	1,272,455	$	1,459,467	$	2,956,112	$	107,804	$	7,974	$	7,899,875


	September 30, 2024
															Revolving
															Line of
	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		Credit
	Year		Year		Year		Year		Year		Prior		Line of		Converted
	2024		2023		2022		2021		2020		Years		Credit		to Term		Total
	(Dollars in thousands)
One- to four-family:
Originated
Current	$	241,765	$	326,211	$	578,430	$	811,455	$	521,550	$	1,459,500	$	—	$	—	$	3,938,911
30-89	—		64		1,074		638		1,666		5,422		—		—		8,864
90+/FC	—		170		49		—		601		1,451		—		—		2,271
Correspondent purchased
Current	798		326,377		482,598		571,182		226,048		624,961		—		—		2,231,964
30-89	—		—		164		446		—		2,479		—		—		3,089
90+/FC	—		—		1,662		265		—		2,163		—		—		4,090
Bulk purchased
Current	—		—		—		—		—		125,982		—		—		125,982
30-89	—		—		—		—		—		69		—		—		69
90+/FC	—		—		—		—		—		1,539		—		—		1,539
	242,563		652,822		1,063,977		1,383,986		749,865		2,223,566		—		—		6,316,779
Commercial:
Commercial real estate
Current	338,511		403,193		284,493		135,932		74,266		110,448		23,055		—		1,369,898
30-89	229		807		—		3		—		1,094		860		—		2,993
90+/FC	—		19		—		—		647		497		—		—		1,163
Commercial and industrial
Current	46,736		32,112		17,990		8,052		1,350		2,051		20,914		—		129,205
30-89	227		—		141		23		—		—		—		—		391
90+/FC	—		—		—		—		—		82		—		—		82
	385,703		436,131		302,624		144,010		76,263		114,172		44,829		—		1,503,732
Consumer:
Home equity
Current	7,331		4,378		4,540		1,437		814		2,133		72,721		6,084		99,438
30-89	—		—		35		—		—		—		349		87		471
90+/FC	—		19		—		—		—		18		115		186		338
Other
Current	4,109		2,728		1,641		327		101		95		344		—		9,345
30-89	3		9		100		58		—		—		2		—		172
90+/FC	80		14		—		—		4		—		—		—		98
	11,523		7,148		6,316		1,822		919		2,246		73,531		6,357		109,862

Total	$	639,789	$	1,096,101	$	1,372,917	$	1,529,818	$	827,047	$	2,339,984	$	118,360	$	6,357	$	7,930,373

Gross Charge-Offs - The following tables present gross charge-offs, for the periods indicated, by class of financing receivable for the year of origination or most recent credit decision.


	For the Six Months Ended March 31, 2025
															Revolving
															Lines
	Current		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		of Credit
	Fiscal		Year		Year		Year		Year		Prior		Lines of		Converted to
	Year		2024		2023		2022		2021		Years		Credit		Term		Total
	(Dollars in thousands)
One- to four-family:
Originated	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Correspondent purchased	—		—		—		—		—		—		—		—		—
Bulk purchased	—		—		—		—		—		113		—		—		113
	—		—		—		—		—		113		—		—		113

Commercial:
Commercial real estate	—		—		—		—		—		—		—		—		—
Commercial and industrial	—		—		—		—		—		—		—		—		—
	—		—		—		—		—		—		—		—		—

Consumer:
Home equity	8		12		—		—		—		—		—		—		20
Other	—		1		4		—		—		—		2		—		7
	8		13		4		—		—		—		2		—		27

Total	$	8	$	13	$	4	$	—	$	—	$	113	$	2	$	—	$	140


	For the Six Months Ended March 31, 2024
															Revolving
															Lines
	Fiscal		Fiscal		Fiscal		Fiscal		Fiscal				Revolving		of Credit
	Year		Year		Year		Year		Year		Prior		Lines of		Converted to
	2024		2023		2022		2021		2020		Years		Credit		Term		Total
	(Dollars in thousands)
One- to four-family:
Originated	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Correspondent purchased	—		—		—		—		—		—		—		—		—
Bulk purchased	—		—		—		—		—		—		—		—		—
	—		—		—		—		—		—		—		—		—

Commercial:
Commercial real estate	—		—		—		—		—		10		—		—		10
Commercial and industrial	—		—		—		—		—		—		—		—		—
	—		—		—		—		—		10		—		—		10

Consumer:
Home equity	2		1		—		—		—		—		—		—		3
Other	—		8		—		—		—		4		—		—		12
	2		9		—		—		—		4		—		—		15

Total	$	2	$	9	$	—	$	—	$	—	$	14	$	—	$	—	$	25

Delinquent Loans

The following tables present the amortized cost, at the dates indicated, by class, of loans 30 to 89 days delinquent, loans 90 or more days delinquent or in foreclosure, total delinquent loans, current loans, and total loans. At March 31, 2025 and September 30, 2024, all loans 90 or more days delinquent were on nonaccrual status.


	March 31, 2025
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Amortized
	Delinquent		in Foreclosure		Loans		Loans		Cost
	(Dollars in thousands)
One- to four-family:
Originated	$	8,052	$	2,806	$	10,858	$	3,855,485	$	3,866,343
Correspondent purchased	2,965		1,994		4,959		2,137,261		2,142,220
Bulk purchased	181		623		804		119,513		120,317
Commercial:
Commercial real estate	2,471		3,316		5,787		1,520,531		1,526,318
Commercial and industrial	348		377		725		135,165		135,890
Consumer:
Home equity	361		401		762		98,591		99,353
Other	81		73		154		9,280		9,434
	$	14,459	$	9,590	$	24,049	$	7,875,826	$	7,899,875


	September 30, 2024
			90 or More Days		Total				Total
	30 to 89 Days		Delinquent or		Delinquent		Current		Amortized
	Delinquent		in Foreclosure		Loans		Loans		Cost
	(Dollars in thousands)
One- to four-family:
Originated	$	8,864	$	2,271	$	11,135	$	3,938,911	$	3,950,046
Correspondent purchased	3,089		4,090		7,179		2,231,964		2,239,143
Bulk purchased	69		1,539		1,608		125,982		127,590
Commercial:
Commercial real estate	2,993		1,163		4,156		1,369,898		1,374,054
Commercial and industrial	391		82		473		129,205		129,678
Consumer:
Home equity	471		338		809		99,438		100,247
Other	172		98		270		9,345		9,615
	$	16,049	$	9,581	$	25,630	$	7,904,743	$	7,930,373

Nonaccrual Loans

The following table presents the amortized cost at March 31, 2025 and September 30, 2024, by class, of loans classified as nonaccrual. Nonaccrual loans with no ACL were individually evaluated for loss and any losses have been charged off.


	March 31, 2025				September 30, 2024
	Nonaccrual Loans		Nonaccrual Loans with No ACL		Nonaccrual Loans		Nonaccrual Loans with No ACL
	(Dollars in thousands)
One- to four-family:
Originated	$	2,806	$	982	$	2,271	$	764
Correspondent purchased	1,994		507		4,090		182
Bulk purchased	623		172		1,539		812
Commercial:
Commercial real estate	4,443		3,849		1,495		901
Commercial and industrial	521		521		335		335
Consumer:
Home equity	401		14		338		—
Other	73		14		98		16
	$	10,861	$	6,059	$	10,166	$	3,010

Modifications on Financing Receivables

Loan Modifications - The following tables present the amortized cost basis of loans, as of the dates indicated, that were both experiencing financial difficulties and modified during the periods noted, by class of financing receivable and by type of modification. Also presented in the tables is the percentage of the amortized cost basis of loans, at the dates indicated, that were modified to borrowers experiencing financial difficulties as compared to the amortized cost basis of each class of financing receivable during the periods noted. During the three and six months ended March 31, 2025 and 2024, there were no charge-offs related to loans modified during those periods. The Company has not committed to lend additional amounts to borrowers included in these tables.


	For the Three Months Ended March 31, 2025


					Term
					Extension				Total
					and				Class of
	Payment		Term		Payment				Financing
	Delay		Extension		Delay		Total		Receivable
	(Dollars in thousands)
One- to four-family:
Originated	$	236	$	1,344	$	651	$	2,231	0.06	%
Correspondent purchased	—		513		187		700		0.03
Bulk purchased	—		—		—		—		—
	236		1,857		838		2,931		0.05
Commercial:
Commercial real estate	8,189		—		—		8,189		0.54
Commercial and industrial	—		838		—		838		0.62
	8,189		838		—		9,027		0.54
Consumer loans:
Home equity	—		35		—		35		0.03
Other	—		—		—		—		—
	—		35		—		35		0.03

Total	$	8,425	$	2,730	$	838	$	11,993	0.15


	For the Six Months Ended March 31, 2025


					Term
					Extension				Total
					and				Class of
	Payment		Term		Payment				Financing
	Delay		Extension		Delay		Total		Receivable
	(Dollars in thousands)
One- to four-family:
Originated	$	353	$	2,255	$	816	$	3,424	0.09	%
Correspondent purchased	—		513		187		700		0.03
Bulk purchased	—		—		—		—		—
	353		2,768		1,003		4,124		0.07
Commercial:
Commercial real estate	8,189		—		—		8,189		0.54
Commercial and industrial	—		838		—		838		0.62
	8,189		838		—		9,027		0.54
Consumer loans:
Home equity	20		34		—		54		0.05
Other	—		—		—		—		—
	20		34		—		54		0.05

Total	$	8,562	$	3,640	$	1,003	$	13,205	0.17


	For the Three Months Ended March 31, 2024				For the Six Months Ended March 31, 2024


	Term					Term
	Extension		Total			Extension		Total
	and		Class of			and		Class of
	Payment		Financing			Payment		Financing
	Delay		Receivable			Delay		Receivable
	(Dollars in thousands)
One- to four-family:
Originated	$	3,429	0.09	%		$	7,385	0.19	%
Correspondent purchased	845		0.04			1,744		0.07
Bulk purchased	—		—			—		—
	4,275		0.07			9,129		0.14
Commercial:
Commercial real estate	238		0.02			238		0.02
Commercial and industrial	455		0.41			455		0.41
	693		0.05			693		0.05
Consumer loans:
Home equity	—		—			—		—
Other	—		—			—		—
	—		—			—		—

Total	$	4,968	0.06			$	9,822	0.12

Financial effect of loan modifications - The tables below present the financial effect of loan modifications during the three and six months ended March 31, 2025 and 2024, including the weighted average payment delay and weighted average term extension.

For the Three Months Ended March 31, 2025

For the Six Months Ended March 31, 2025

Payment

Term

Payment

Term

Delay

Extension

Delay

Extension

One- to four-family:

Originated

8 months

20 months

8 months

18 months

Correspondent purchased

9 months

34 months

9 months

34 months

Commercial:

Commercial real estate

9 months

N/A

9 months

N/A

Commercial and industrial

N/A

3 months

N/A

3 months

Consumer:

Consumer home equity

N/A

14 months

7 months

14 months

For the Three Months Ended March 31, 2024

For the Six Months Ended March 31, 2024

Payment

Term

Payment

Term

Delay

Extension

Delay

Extension

One- to four-family:

Originated

4 months

39 months

4 months

31 months

Correspondent purchased

5 months

20 months

4 months

17 months

Commercial:

Commercial real estate

26 months

Commercial and industrial

6 months

Modifications, Past Due

Performance of loan modifications - The Company closely monitors the performance of loans modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of such loans, based on amortized cost, by class of financing receivable as of March 31, 2025, on loans modified during the previous 12-months for borrowers experiencing financial difficulty that were delinquent as of March 31, 2025, or as of March 31, 2024 on loans modified on or after October 1, 2023 (the day the Company adopted ASU 2022-02) through March 31, 2024 for borrowers experiencing financial difficulty, that were delinquent as of March 31, 2024. All other loans modified during the periods noted were current as of March 31, 2025 and March 31, 2024.


	As of March 31, 2025						As of March 31, 2024
	30 to 89 Days Delinquent		90 or More Days Delinquent or in Foreclosure		Total Delinquent Loans		30 to 89 Days Delinquent		90 or More Days Delinquent or in Foreclosure		Total Delinquent Loans
	(Dollars in thousands)
One- to four-family:
Originated	$	567	$	428	$	995	$	653	$	76	$	729
Correspondent purchased	—		—		—		—		—		—
Bulk purchased	—		—		—		—		—		—
Commercial:
Commercial real estate	—		—		—		—		—		—
Commercial and industrial	—		—		—		—		—		—
Consumer loans:
Home equity	—		88		88		—		—		—
Other	—		—		—		—		—		—
	$	567	$	516	$	1,083	$	653	$	76	$	729

Modifications, Subsequent Default

The following tables present the amortized cost basis of loans that had a payment default during the three and six months ended March 31, 2025 and were modified to borrowers experiencing financial difficulty in the 12-months prior to the default date, or loans that had a payment default during the three and six months ended March 31, 2024 and were modified to borrowers experiencing financial difficulty on or after October 1, 2023 (the day the Company adopted ASU 2022-02) prior to the default date, by class of financing receivable and by type of modification. The Company considers "default" to mean 90 days or more past due under the modified terms.


	For the Three Months Ended March 31, 2025								For the Six Months Ended March 31, 2025


					Term									Term
					Extension									Extension
					and									and
	Payment		Term		Payment					Payment		Term		Payment
	Delay		Extension		Delay		Total			Delay		Extension		Delay		Total
	(Dollars in thousands)
One- to four-family:
Originated	$	84	$	193	$	151	$	428		$	84	$	193	$	151	$	428
Correspondent purchased	—		—		187		187			—		—		428		428
Bulk purchased	—		—		—		—			—		—		—		—
Commercial:
Commercial real estate	—		—		192		192			—		—		192		192
Commercial and industrial	—		—		227		227			—		—		227		227
Consumer loans:
Home equity	88		—		—		88			88		—		—		88
Other	—		—		—		—			—		—		—		—
	$	172	$	193	$	757	$	1,122		$	172	$	193	$	998	$	1,363


	For the Three Months Ended March 31, 2024		For the Six Months Ended March 31, 2024


	Term			Term
	Extension			Extension
	and			and
	Payment			Payment
	Delay			Delay
	(Dollars in thousands)
One- to four-family:
Originated	$	93		$	93
Correspondent purchased	—			—
Bulk purchased	—			—
Commercial:
Commercial real estate	—			—
Commercial and industrial	—			—
Consumer loans:
Home equity	—			—
Other	—			—
	$	93		$	93

Allowance for Credit Losses

The following tables summarizes ACL activity, by loan portfolio segment, for the periods presented.


	For the Three Months Ended March 31, 2025
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	2,043	$	1,583	$	131	$	3,757	$	20,999	$	241	$	24,997
Charge-offs	—		—		(113)		(113)		—		(10)		(123)
Recoveries	2		—		—		2		2		5		9
Provision for credit losses	(50)		(137)		103		(84)		(825)		(4)		(913)
Ending balance	$	1,995	$	1,446	$	121	$	3,562	$	20,176	$	232	$	23,970


	For the Six Months Ended March 31, 2025
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	1,666	$	1,861	$	146	$	3,673	$	19,154	$	208	$	23,035
Charge-offs	—		—		(113)		(113)		—		(27)		(140)
Recoveries	5		—		—		5		22		6		33
Provision for credit losses	324		(415)		88		(3)		1,000		45		1,042
Ending balance	$	1,995	$	1,446	$	121	$	3,562	$	20,176	$	232	$	23,970


	For the Three Months Ended March 31, 2024
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	2,094	$	2,948	$	206	$	5,248	$	18,678	$	252	$	24,178
Charge-offs	—		—		—		—		(10)		(8)		(18)
Recoveries	3		—		—		3		—		15		18
Provision for credit losses	(25)		(155)		(11)		(191)		662		(15)		456
Ending balance	$	2,072	$	2,793	$	195	$	5,060	$	19,330	$	244	$	24,634


	For the Six Months Ended March 31, 2024
	One- to Four-Family
			Correspondent		Bulk
	Originated		Purchased		Purchased		Total		Commercial		Consumer		Total
	(Dollars in thousands)
Beginning balance	$	2,149	$	2,972	$	207	$	5,328	$	18,180	$	251	$	23,759
Adoption of ASU 2022-02	3		1		14		18		2		—		20
Balance at October 1, 2023	2,152		2,973		221		5,346		18,182		251		23,779
Charge-offs	—		—		—		—		(10)		(15)		(25)
Recoveries	8		—		—		8		1		15		24
Provision for credit losses	(88)		(180)		(26)		(294)		1,157		(7)		856
Ending balance	$	2,072	$	2,793	$	195	$	5,060	$	19,330	$	244	$	24,634

At March 31, 2025 and September 30, 2024, the Bank's off-balance sheet credit exposures totaled $831.9 million and $826.5 million, respectively.

The following table summarizes the change in reserve for off-balance sheet credit exposures during the periods indicated. The provision for the three months ended March 31, 2025 was due primarily to an increase in the balance of commercial off-balance sheet credit exposures, mainly related to commitments that are expected to fund during the June 30, 2025 quarter. The increase in the reserve for off-balance sheet credit exposures was entirely offset by the release of provision for credit losses related to the ACL for loans, resulting in no impact to the provision for credit losses for the quarter ended March 31, 2025. The increase in the reserve for off-balance sheet credit exposures as of March 31, 2025 compared to March 31, 2024 was due primarily to an increase in commercial off-balance sheet credit exposures between periods.


	For the Three Months Ended				For the Six Months Ended
	March 31, 2025		March 31, 2024		March 31, 2025		March 31, 2024
	(Dollars in thousands)
Beginning balance	$	4,725	$	3,834	$	6,003	$	4,095
Adoption of ASU 2022-02	—		—		—		16
Provision for credit losses	913		(155)		(365)		(432)
Ending balance	$	5,638	$	3,679	$	5,638	$	3,679