v3.25.2
Loans And Allowance For Credit Losses (Tables)
 9 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans held for investment consist of the following:
June 30,
2025		September 30,
2024
Real estate loans:
Residential Core$10,969,930 $11,385,142 
Residential Home Today37,474 40,936 
Home equity lines of credit (1)
3,881,132 3,323,381 
Home equity loans (1)
695,004 561,926 
Construction14,506 21,701 
Real estate loans15,598,046 15,333,086 
Other loans7,745 5,705 
Add (deduct):
Deferred loan expenses, net69,517 64,956 
Loans in process(6,771)(11,686)
Allowance for credit losses on loans(72,540)(70,002)
Loans held for investment, net$15,595,997 $15,322,059 
(1) At and for the nine months ended June 30, 2025, balances of and activity related to home equity lines of credit and home equity loans are reported as separate line items. Prior periods have been reclassified to conform to the current presentation.
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 June 30, 2025 and September 30, 2024, 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.
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due		CurrentTotal
June 30, 2025
Real estate loans:
Residential Core$6,334 $2,801 $9,900 $19,035 $10,977,395 $10,996,430 
Residential Home Today893 336 667 1,896 35,113 37,009 
Home equity lines of credit
5,592 1,189 4,657 11,438 3,907,593 3,919,031 
Home equity loans
1,286 37 576 1,899 698,772 700,671 
Construction— — — — 7,651 7,651 
Total real estate loans14,105 4,363 15,800 34,268 15,626,524 15,660,792 
Other loans— — — — 7,745 7,745 
Total$14,105 $4,363 $15,800 $34,268 $15,634,269 $15,668,537 
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due		CurrentTotal
September 30, 2024
Real estate loans:
Residential Core$7,554 $4,024 $8,881 $20,459 $11,388,395 $11,408,854 
Residential Home Today814 307 693 1,814 38,657 40,471 
Home equity lines of credit
3,556 1,014 4,078 8,648 3,351,495 3,360,143 
Home equity loans
578 107 282 967 565,906 566,873 
Construction— — — — 10,015 10,015 
Total real estate loans12,502 5,452 13,934 31,888 15,354,468 15,386,356 
Other loans— — — — 5,705 5,705 
Total$12,502 $5,452 $13,934 $31,888 $15,360,173 $15,392,061 
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 allowance, primarily because they have already been subject to collateral review and any required charge-offs have been taken, but may be included in consideration of qualitative allowance factors. There are no loans 90 or more days past due and still accruing at June 30, 2025 or September 30, 2024.
June 30, 2025September 30, 2024
Non-accrual with No ACL
Total
Non-accrual
Non-accrual with No ACL
Total
Non-accrual
Real estate loans:
Residential Core$18,637 $22,552 $18,937 $21,058 
Residential Home Today3,042 3,139 3,506 3,672 
Home equity lines of credit
9,121 10,426 7,610 8,361 
Home equity loans
1,137 1,137 460 519 
Total non-accrual loans$31,937 $37,254 $30,513 $33,610 
Schedule Of The Allowance For Loan Losses
 For the Three Months Ended June 30, 2025
 Beginning
Balance		Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$40,665 $119 $— $195 $40,979 
Residential Home Today(2,440)(1,045)(7)570 (2,922)
Home equity lines of credit19,462 1,150 (213)389 20,788 
Home equity loans12,832 823 — 11 13,666 
Construction27 2 — — 29 
Total real estate loans$70,546 $1,049 $(220)$1,165 $72,540 
Total Unfunded Loan Commitments (1)
$29,380 $451 $— $— $29,831 
Total Allowance for Credit Losses$99,926 $1,500 $(220)$1,165 $102,371 
(1) For all periods presented, the total allowance for unfunded loan commitments is recognized in accrued expenses and other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit.
 For the Three Months Ended June 30, 2024
 Beginning
Balance		Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$47,714 $(2,924)$(29)$453 $45,214 
Residential Home Today(2,624)(1,076)(73)669 (3,104)
Home equity lines of credit14,376 764 (143)453 15,450 
Home equity loans8,622 1,281 (18)34 9,919 
Construction81 (51)— 20 50 
Total real estate loans$68,169 $(2,006)$(263)$1,629 $67,529 
Total Unfunded Loan Commitments (1)
$26,657 $1,506 $— $— $28,163 
Total Allowance for Credit Losses$94,826 $(500)$(263)$1,629 $95,692 
(1) For all periods presented, the total allowance for unfunded loan commitments is recognized in accrued expenses and other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit.
 For the Nine Months Ended June 30, 2025
 Beginning
Balance		Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$44,402 $(4,251)$(18)$846 $40,979 
Residential Home Today(2,672)(1,664)(15)1,429 (2,922)
Home equity lines of credit
16,590 3,395 (767)1,570 20,788 
Home equity loans
11,642 2,011 (17)30 13,666 
Construction40 (11)— — 29 
Total real estate loans$70,002 $(520)$(817)$3,875 $72,540 
Total Unfunded Loan Commitments (1)
$27,811 $2,020 $— $— $29,831 
Total Allowance for Credit Losses$97,813 $1,500 $(817)$3,875 $102,371 
(1) For all periods presented, the total allowance for unfunded loan commitments is recognized in accrued expenses and other liabilities on the CONSOLIDATED STATEMENTS OF CONDITION and primarily relates to undrawn home equity lines of credit.
 For the Nine Months Ended June 30, 2024
 Beginning
Balance
Adoption of ASU 2022-022
Provisions (Releases)Charge-offsRecoveriesEnding
Balance
Real estate loans:
Residential Core$55,375 $(5,896)$(5,076)$(216)$1,027 $45,214 
Residential Home Today(1,236)(1,896)(1,517)(103)1,648 (3,104)
Home equity lines of credit
16,086 (2,468)613 (661)1,880 15,450 
Home equity loans
6,961 (2)2,931 (34)63 9,919 
Construction129 — (99)— 20 50 
Total real estate loans$77,315 $(10,262)$(3,148)$(1,014)$4,638 $67,529 
Total Unfunded Loan Commitments (1)
$27,515 $— $648 $— $— $28,163 
Total Allowance for Credit Losses$104,830 $(10,262)$(2,500)$(1,014)$4,638 $95,692 
(1) For all periods presented, the total allowance for unfunded loan commitments is recognized in accrued expenses and 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 the amortized cost and 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. 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 tables. No Home Today loans are classified Special Mention and all construction loans are classified Pass for both periods presented.
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term
By fiscal year of origination
20252024202320222021PriorTotal
June 30, 2025
Real estate loans:
Residential Core
Pass$590,622 $480,437 $1,408,531 $2,730,062 $1,682,782 $4,074,281 $— $— $10,966,715 
Special Mention— — — — — 723 — — 723 
Substandard— 165 1,660 3,803 2,620 20,744 — — 28,992 
Total Residential Core590,622 480,602 1,410,191 2,733,865 1,685,402 4,095,748 — — 10,996,430 
Residential Home Today (1)
Pass— — — — — 33,275 — — 33,275 
Substandard— — — — — 3,734 — — 3,734 
Total Residential Home Today— — — — — 37,009 — — 37,009 
Home equity lines of credit
Pass— — — — — — 3,845,469 52,958 3,898,427 
Special Mention— — — — — — 5,953 269 6,222 
Substandard— — — — — — 8,935 5,447 14,382 
Total Home equity lines of credit
— — — — — — 3,860,357 58,674 3,919,031 
Home equity loans
Pass
232,113 251,980 135,506 47,559 14,847 15,604 — — 697,609 
Special Mention
309 837 231 21 — 16 — — 1,414 
Substandard
— 142 1,008 209 110 179 — — 1,648 
Total Home equity loans
232,422 252,959 136,745 47,789 14,957 15,799 — — 700,671 
Total Construction4,673 2,978 — — — — — — 7,651 
Total real estate loans
Pass827,408 735,395 1,544,037 2,777,621 1,697,629 4,123,160 3,845,469 52,958 15,603,677 
Special Mention309 837 231 21 — 739 5,953 269 8,359 
Substandard— 307 2,668 4,012 2,730 24,657 8,935 5,447 48,756 
Total real estate loans$827,717 $736,539 $1,546,936 $2,781,654 $1,700,359 $4,148,556 $3,860,357 $58,674 $15,660,792 
(1) No new originations of Home Today loans since fiscal year 2016.
Revolving Loans Amortized Cost BasisRevolving Loans Converted To Term
By fiscal year of origination
20242023202220212020PriorTotal
September 30, 2024
Real estate loans:
Residential Core
Pass$573,935 $1,500,928 $2,934,968 $1,841,516 $1,205,702 $3,323,146 $— $— $11,380,195 
Special Mention— — — 1,050 — 795 — — 1,845 
Substandard178 1,629 2,416 1,157 1,814 19,620 — — 26,814 
Total Residential Core574,113 1,502,557 2,937,384 1,843,723 1,207,516 3,343,561 — — 11,408,854 
Residential Home Today (1)
Pass— — — — — 36,116 — — 36,116 
Substandard— — — — — 4,355 — — 4,355 
Total Residential Home Today— — — — — 40,471 — — 40,471 
Home equity lines of credit
Pass— — — — — — 3,290,851 54,190 3,345,041 
Special Mention— — — — — — 3,735 607 4,342 
Substandard— — — — — — 5,880 4,880 10,760 
Total Home equity lines of credit
— — — — — — 3,300,466 59,677 3,360,143 
Home equity loans
Pass
305,870 163,969 57,254 18,461 5,147 14,621 — — 565,322 
Special Mention
111 613 101 — — 51 — — 876 
Substandard
— 196 151 141 43 144 — — 675 
Total Home equity loans
305,981 164,778 57,506 18,602 5,190 14,816 — — 566,873 
Total Construction7,932 2,083 — — — — — — 10,015 
Total real estate loans
Pass887,737 1,666,980 2,992,222 1,859,977 1,210,849 3,373,883 3,290,851 54,190 15,336,689 
Special Mention111 613 101 1,050 — 846 3,735 607 7,063 
Substandard178 1,825 2,567 1,298 1,857 24,119 5,880 4,880 42,604 
Total real estate loans$888,026 $1,669,418 $2,994,890 $1,862,325 $1,212,706 $3,398,848 $3,300,466 $59,677 $15,386,356 
(1) No new originations of Home Today loans since fiscal year 2016.
The following table presents gross charge-offs of residential loan receivables recorded during the fiscal year-to-date periods presented. There were no gross charge-offs in the construction loan portfolios for the periods presented.
For the Nine Months Ended June 30, 2025
By fiscal year of origination
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term
20252024202320222021
Prior
Total
Real estate loans:
Residential Core$— $— $— $— $— $18 $— $— $18 
Residential Home Today— — — — — 15 — — 15 
Home equity lines of credit— — — — — — 393 374 767 
Home equity loans— — — — 17 — — — 17 
Total real estate loans$— $— $— $— $17 $33 $393 $374 $817 
For the Nine Months Ended June 30, 2024
By fiscal year of origination
Revolving Loans Amortized Cost BasisRevolving Loans Converted to Term
20242023202220212020
Prior
Total
Real estate loans:
Residential Core$11 $— $10 $— $— $195 $— $— $216 
Residential Home Today— — — — — 103 — — 103 
Home equity lines of credit— — — — — — 369 292 661 
Home equity loans— — 16 18 — — — — 34 
Total real estate loans$11 $— $26 $18 $— $298 $369 $292 $1,014 
Schedule Of Modified Loans
The following tables present the amortized cost of modifications by type executed during the periods presented for borrowers experiencing financial difficulty. For the three and nine months ended June 30, 2025 and June 30, 2024, there were no modifications made on construction loans.
For the Three Months Ended June 30, 2025
Interest Rate Reduction
Term Extension
Significant Payment Delay
Combination-Rate Reduction & Term Extension
Other
Total
% of Total Class
Residential Core$— $427 $658 $78 $— $1,163 0.01 %
Residential Home Today— — 90 156 — 246 0.66 
Home equity lines of credit
— — 106 295 — 401 0.01 
Home equity loans
— — 70 — — 70 0.01 
Total$— $427 $924 $529 $— $1,880 0.01 %
For the Three Months Ended June 30, 2024
Interest Rate Reduction
Term Extension
Significant Payment Delay
Combination-Rate Reduction & Term Extension
Other
Total
% of Total Class
Residential Core$— $182 $590 $16 $— $788 0.01 %
Residential Home Today— 56 69 37 — 162 0.39 
Home equity lines of credit
— — 471 98 — 569 0.02 
Home equity loans
— — — — — — — 
Total$— $238 $1,130 $151 $— $1,519 0.01 %
For the Nine Months Ended June 30, 2025
Interest Rate Reduction
Term Extension
Significant Payment Delay
Combination-Rate Reduction & Term Extension
Other
Total
% of Total Class
Residential Core$— $997 $1,662 $650 $333 $3,642 0.03 %
Residential Home Today— 25 352 157 3 537 1.45 
Home equity lines of credit
— 46 297 467 — 810 0.02 
Home equity loans
— — 70 — — 70 0.01 
Total$— $1,068 $2,381 $1,274 $336 $5,059 0.03 %
For the Nine Months Ended June 30, 2024
Interest Rate Reduction
Term Extension
Significant Payment Delay
Combination-Rate Reduction & Term Extension
Other
Total
% of Total Class
Residential Core$— $529 $2,704 $843 $475 $4,551 0.04 %
Residential Home Today— 104 221 225 — 550 1.31 
Home equity lines of credit
— — 940 234 25 1,199 0.04 
Home equity loans
— — 45 — — 45 0.01 
Total$— $633 $3,910 $1,302 $500 $6,345 0.04 %
The following tables present the financial effects of the loan modifications presented above based on the type of modification.
For the Three Months Ended June 30, 2025For the Three Months Ended June 30, 2024
Interest Rate Reduction
Term Extension
Interest Rate Reduction
Term Extension
Weighted-Average Contractual
 Interest Rate
Weighted-Average Years Added to Life
Weighted-Average Contractual
 Interest Rate
Weighted-Average Years Added to Life
From
To
From
To
Residential Core5.49%3.50%6.83.39%2.00%1.6
Residential Home Today4.90%3.89%3.45.63%2.00%10.4
Home equity lines of credit
6.57%3.84%24.27.99%3.50%7.3
Home equity loans
—%—%0.0—%—%0.0
For the Nine Months Ended June 30, 2025For the Nine Months Ended June 30, 2024
Interest Rate Reduction
Term Extension
Interest Rate ReductionTerm Extension
Weighted-Average Contractual
 Interest Rate
Weighted-Average Years Added to Life
Weighted-Average Contractual
 Interest Rate		Weighted-Average Years Added to Life
From
To
FromTo
Residential Core5.52%3.50%10.63.97%2.07%10.2
Residential Home Today4.90%3.89%2.53.91%2.00%14.9
Home equity lines of credit
6.74%3.71%22.26.46%3.18%10.6
Home equity loans
—%—%0.0—%—%0.0
The following tables present performance by loan type as of June 30, 2025 and June 30, 2024, on loans modified during the previous 12 months for borrowers experiencing financial difficulty. The loans in delinquency status primarily consisted of loans with significant payment delays prior to modification, which continue to be reported delinquent based on their original contractual terms.
June 30, 202530-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due
Current
Total
Residential Core$66 $327 $1,288 $1,681 $3,152 $4,833 
Residential Home Today41 2 380 423 185 608 
Home equity lines of credit
129 — 136 265 645 910 
Home equity loans
— — 70 70 86 156 
Total$236 $329 $1,874 $2,439 $4,068 $6,507 

June 30, 202430-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More Past
Due		Total Past
Due
Current
Total
Residential Core$76 $745 $944 $1,765 $2,786 $4,551 
Residential Home Today57 10 210 277 273 550 
Home equity lines of credit
282 — 803 1,085 114 1,199 
Home equity loans
— — 45 45 — 45 
Total1
$415 $755 $2,002 $3,172 $3,173 $6,345 
Financing Receivable, Modified, Subsequent Default
The performance of loans modified for borrowers experiencing financial difficulty is closely monitored by the Company to evaluate the effectiveness of modification efforts. Modifications made to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms are considered subsequently defaulted. The following table provides information, by type of modification, about loans that were modified within the last 12 months and subsequently defaulted during the three and nine months ended June 30, 2025 and June 30, 2024. There were no home equity loans that subsequently defaulted for the three and nine months ended June 30, 2025 and June 30, 2024.
For the Three Months Ended June 30, 2025
Interest Rate ReductionTerm ExtensionSignificant Payment DelayCombination-Rate Reduction & Term ExtensionOtherTotal
Residential Core$— $— $297 $— $333 $630 
Residential Home Today— — 43 — 3 46 
Home equity lines of credit— — 31 — — 31 
Total$— $— $371 $— $336 $707 
For the Three Months Ended June 30, 2024
Interest Rate ReductionTerm ExtensionSignificant Payment DelayCombination-Rate Reduction & Term ExtensionOtherTotal
Residential Core$— $— $22 $14 $— $36 
Residential Home Today— — 16 — — 16 
Home equity lines of credit— — 101 — — 101 
Total1
$— $— $139 $14 $— $153 
(1) The Company adopted ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures effective October 1, 2023, therefore, the June 30, 2024 presentation only includes loans modified since adoption.
For the Nine Months Ended June 30, 2025
Interest Rate ReductionTerm ExtensionSignificant Payment DelayCombination-Rate Reduction & Term ExtensionOtherTotal
Residential Core$— $— $297 $— $333 $630 
Residential Home Today— — 43 — 3 46 
Home equity lines of credit— — 31 — — 31 
Total$— $— $371 $— $336 $707 
For the Nine Months Ended June 30, 2024
Interest Rate ReductionTerm ExtensionSignificant Payment DelayCombination-Rate Reduction & Term ExtensionOtherTotal
Residential Core$— $— $22 $14 $— $36 
Residential Home Today— — 16 — — 16 
Home equity lines of credit— — 195 — — 195 
Total1
$— $— $233 $14 $— $247 
(1) The Company adopted ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures effective October 1, 2023, therefore, the June 30, 2024 presentation only includes loans modified since adoption.