2018 Q1 Form 10-Q Financial Statement
#000093652818000041 Filed on May 02, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $149.1M | $136.2M |
YoY Change | 9.46% | 0.84% |
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $11.50M | $6.700M |
YoY Change | 71.64% | -18.29% |
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | ||
YoY Change | ||
Interest Expense | $31.78M | $28.47M |
YoY Change | 11.62% | -0.93% |
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $64.77M | $62.79M |
YoY Change | 3.16% | -0.68% |
Income Tax | $15.50M | $20.72M |
% Of Pretax Income | 23.93% | 33.0% |
Net Earnings | $49.27M | $42.07M |
YoY Change | 17.12% | 0.83% |
Net Earnings / Revenue | 33.05% | 30.89% |
Basic Earnings Per Share | $0.58 | $0.47 |
Diluted Earnings Per Share | $0.57 | $0.47 |
COMMON SHARES | ||
Basic Shares Outstanding | 85.65M shares | 89.38M shares |
Diluted Shares Outstanding | 85.75M shares | 89.74M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $256.8M | $266.4M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $265.4M | $271.7M |
YoY Change | -2.33% | -9.16% |
Goodwill | $301.4M | $291.5M |
YoY Change | 3.38% | 0.0% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $15.63B | $14.96B |
YoY Change | 4.49% | 1.98% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $139.0M | $123.0M |
YoY Change | 13.01% | -23.6% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $139.0M | $123.0M |
YoY Change | 13.01% | -23.6% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $41.00M | $42.00M |
YoY Change | -2.38% | 75.0% |
Total Long-Term Liabilities | $41.00M | $42.00M |
YoY Change | -2.38% | 75.0% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $139.0M | $123.0M |
Total Long-Term Liabilities | $41.00M | $42.00M |
Total Liabilities | $13.64B | $12.95B |
YoY Change | 5.4% | 1.87% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.115B | $979.2M |
YoY Change | 13.89% | 11.04% |
Common Stock | $1.800B | $1.793B |
YoY Change | 0.35% | 0.44% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $935.0M | $760.1M |
YoY Change | 23.02% | 9.16% |
Treasury Stock Shares | 50.58M shares | 45.39M shares |
Shareholders Equity | $1.989B | $2.015B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.63B | $14.96B |
YoY Change | 4.49% | 1.98% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $49.27M | $42.07M |
YoY Change | 17.12% | 0.83% |
Depreciation, Depletion And Amortization | $11.50M | $6.700M |
YoY Change | 71.64% | -18.29% |
Cash From Operating Activities | $62.10M | $42.10M |
YoY Change | 47.51% | -37.54% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$6.300M | -$2.700M |
YoY Change | 133.33% | -84.12% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$102.5M | -$210.4M |
YoY Change | -51.28% | -1141.58% |
Cash From Investing Activities | -$108.8M | -$213.1M |
YoY Change | -48.94% | -6974.19% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -6.100M | 38.40M |
YoY Change | -115.89% | -138.21% |
NET CHANGE | ||
Cash From Operating Activities | 62.10M | 42.10M |
Cash From Investing Activities | -108.8M | -213.1M |
Cash From Financing Activities | -6.100M | 38.40M |
Net Change In Cash | -52.80M | -132.6M |
YoY Change | -60.18% | 342.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $62.10M | $42.10M |
Capital Expenditures | -$6.300M | -$2.700M |
Free Cash Flow | $68.40M | $44.80M |
YoY Change | 52.68% | -46.92% |
Facts In Submission
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---|---|---|---|---|
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|
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Current Fiscal Year End Date
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--09-30 | ||
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Document Fiscal Period Focus
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Q2 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | ||
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Document Type
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10-Q | ||
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Noninterest Income Other Operating Income
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Accrued Investment Income Receivable
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Accrued Investment Income Receivable
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Assets
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Assets
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15633130000 | USD |
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0.93 | ||
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Fees And Commissions Mortgage Banking
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Financing Receivable Allowance For Credit Losses
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Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
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Financing Receivable Allowance For Credit Losses Recovery
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Financing Receivable Allowance For Credit Losses Recovery
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1810000 | USD |
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Financing Receivable Allowance For Credit Losses Recovery
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Financing Receivable Allowance For Credit Losses Write Offs
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1497000 | USD | |
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Financing Receivable Allowance For Credit Losses Write Offs
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439000 | USD |
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Financing Receivable Allowance For Credit Losses Write Offs
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1191000 | USD | |
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22 | contract | |
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Financing Receivable Modifications Number Of Contracts2
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12 | contract |
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Financing Receivable Modifications Number Of Contracts2
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23 | contract | |
CY2017Q1 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
1712000 | USD |
us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
4278000 | USD | |
CY2018Q1 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
2183000 | USD |
us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
11451000 | USD | |
CY2017Q1 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
1712000 | USD |
us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
4278000 | USD | |
CY2018Q1 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
2183000 | USD |
us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
11451000 | USD | |
CY2017Q3 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
11007440000 | USD |
CY2018Q1 | us-gaap |
Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
|
11353747000 | USD |
CY2017Q3 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
44013000 | USD |
CY2018Q1 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
45489000 | USD |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | USD | |
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
0 | USD | |
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
968000 | USD | |
us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
0 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
2587000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1022000 | USD | |
CY2017Q1 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD |
us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
968000 | USD | |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD |
us-gaap |
Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
|
0 | USD | |
CY2017Q1 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
795000 | USD |
us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
1193000 | USD | |
CY2018Q1 | us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-278000 | USD |
us-gaap |
Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
|
-232000 | USD | |
CY2017Q3 | us-gaap |
Goodwill
Goodwill
|
293153000 | USD |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
301368000 | USD |
CY2017Q3 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
1646856000 | USD |
CY2018Q1 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
1716566000 | USD |
CY2017Q3 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
|
7143000 | USD |
CY2018Q1 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
|
1112000 | USD |
CY2017Q3 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
|
18086000 | USD |
CY2018Q1 | us-gaap |
Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
|
49891000 | USD |
CY2017Q3 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
1635913000 | USD |
CY2018Q1 | us-gaap |
Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
|
1667787000 | USD |
CY2017 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
274530000 | USD |
us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
261419000 | USD | |
CY2017Q3 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
251274000 | USD |
CY2018Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
289006000 | USD |
CY2017Q3 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
4156000 | USD |
CY2018Q1 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
3596000 | USD |
CY2017Q3 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
289340000 | USD |
CY2018Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
301003000 | USD |
CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
62791000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
123896000 | USD | |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
64773000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
125408000 | USD | |
CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20721000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
40580000 | USD | |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15502000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24467000 | USD | |
CY2017Q3 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
0 | USD |
CY2018Q1 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
1414000 | USD |
CY2017Q4 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-3743000 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
16903000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
25265000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
2904000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
2288000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-41839000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
8277000 | USD | |
us-gaap |
Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
-672000 | USD | |
us-gaap |
Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
|
-15346000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
30107000 | USD | |
us-gaap |
Increase Decrease In Deposits
IncreaseDecreaseInDeposits
|
304001000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
16047000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
-1414000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-15275000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
8797000 | USD | |
CY2017Q1 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
6686000 | USD |
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
13137000 | USD | |
CY2018Q1 | us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
8781000 | USD |
us-gaap |
Information Technology And Data Processing
InformationTechnologyAndDataProcessing
|
16710000 | USD | |
CY2017Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
116034000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
230869000 | USD | |
CY2018Q1 | us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
126529000 | USD |
us-gaap |
Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
|
251040000 | USD | |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
28471000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
58083000 | USD | |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
31778000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
61823000 | USD | |
CY2017Q1 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
16079000 | USD |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
32674000 | USD | |
CY2018Q1 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
15364000 | USD |
us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
30771000 | USD | |
CY2017Q1 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
12392000 | USD |
us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
25409000 | USD | |
CY2018Q1 | us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
16414000 | USD |
us-gaap |
Interest Expense Deposits
InterestExpenseDeposits
|
31052000 | USD | |
CY2017Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
109327000 | USD |
us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
212479000 | USD | |
CY2018Q1 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
118251000 | USD |
us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
233986000 | USD | |
CY2017Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
107727000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
210879000 | USD | |
CY2018Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
117301000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
233036000 | USD | |
CY2017Q1 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
16226000 | USD |
us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
29015000 | USD | |
CY2018Q1 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
17667000 | USD |
us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
34566000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
55599000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
60870000 | USD | |
CY2017Q1 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
136198000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
268962000 | USD | |
CY2018Q1 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
149079000 | USD |
us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
294859000 | USD | |
CY2017Q3 | us-gaap |
Investments
Investments
|
2903443000 | USD |
CY2018Q1 | us-gaap |
Investments
Investments
|
2989646000 | USD |
CY2017Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2902122000 | USD |
CY2018Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2937058000 | USD |
CY2017Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
28833000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
55827000 | USD | |
CY2018Q1 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
31625000 | USD |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
61244000 | USD | |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
13247892000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
13644457000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15253580000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15633130000 | USD |
CY2017Q3 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
12201387000 | USD |
CY2018Q1 | us-gaap |
Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
|
12540254000 | USD |
us-gaap |
Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
|
1073000 | USD | |
CY2017Q3 | us-gaap |
Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
|
1149934000 | USD |
CY2018Q1 | us-gaap |
Loans And Leases Receivable Loans In Process
LoansAndLeasesReceivableLoansInProcess
|
1141018000 | USD |
CY2017Q3 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
10882622000 | USD |
CY2018Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
11224088000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
37544000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
266053000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-305479000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-442519000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
83964000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
120204000 | USD | |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
42070000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
83316000 | USD | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
49271000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
100941000 | USD | |
CY2017Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
57467000 | USD |
us-gaap |
Noninterest Expense
NoninterestExpense
|
111808000 | USD | |
CY2018Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
65787000 | USD |
us-gaap |
Noninterest Expense
NoninterestExpense
|
127728000 | USD | |
CY2017Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
10136000 | USD |
us-gaap |
Noninterest Income
NoninterestIncome
|
22032000 | USD | |
CY2018Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
12587000 | USD |
us-gaap |
Noninterest Income
NoninterestIncome
|
19382000 | USD | |
CY2017Q1 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
4145000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
3596000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-6594000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-7786000 | USD |
us-gaap |
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
-9028000 | USD | |
CY2018Q1 | us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
5404000 | USD |
us-gaap |
Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
|
13028000 | USD | |
CY2017Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
9091000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
17541000 | USD | |
CY2018Q1 | us-gaap |
Occupancy Net
OccupancyNet
|
9013000 | USD |
us-gaap |
Occupancy Net
OccupancyNet
|
17684000 | USD | |
CY2017Q3 | us-gaap |
Other Assets
OtherAssets
|
185826000 | USD |
CY2018Q1 | us-gaap |
Other Assets
OtherAssets
|
187193000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
1515000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
20029000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
8681000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
12912000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
880000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
11637000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
1651000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
4110000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
5111000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
13435000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
895000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2112000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
-968000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
0 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
-2089000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
3832000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
3681000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
4403000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
2395000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
31666000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
10332000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
17022000 | USD | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
5685000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-11394000 | USD | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-11467000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-13431000 | USD | |
CY2017Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
6458000 | USD |
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
12704000 | USD | |
CY2018Q1 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
9851000 | USD |
us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
18797000 | USD | |
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
-14424000 | USD | |
us-gaap |
Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
|
-255400000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
20401000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
96979000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
47995000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
26855000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
123324000 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
0 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
2211000 | USD | |
us-gaap |
Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
|
17209000 | USD | |
us-gaap |
Payments To Acquire Federal Reserve Stock
PaymentsToAcquireFederalReserveStock
|
259400000 | USD | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
415729000 | USD | |
us-gaap |
Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
|
170836000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
72856000 | USD | |
us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
143605000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
430000000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
6485000000 | USD | |
us-gaap |
Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
|
1231000 | USD | |
us-gaap |
Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
|
3484000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
169937000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
104733000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
131556000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
98781000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
350890000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
10222000 | USD | |
us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
6803000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3956000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
6505000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1232000 | USD | |
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
263694000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
265388000 | USD |
CY2017Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-1600000 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-1600000 | USD | |
CY2018Q1 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-950000 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
-950000 | USD | |
CY2017Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
20658000 | USD |
CY2018Q1 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
15904000 | USD |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
360000000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
6385000000 | USD | |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1042890000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1115204000 | USD |
us-gaap |
Stock Issued1
StockIssued1
|
4036000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
6505000 | USD | |
CY2018Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
50584955 | shares |
us-gaap |
Stock Issued1
StockIssued1
|
3761000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
4171000 | USD | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
2534000 | USD | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1232000 | USD | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
4171000 | USD | |
us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
2534000 | USD | |
CY2018Q1 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
4080149 | shares |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1673436 | shares |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1975731000 | USD |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2014762000 | USD |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2005688000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1988673000 | USD |
CY2017Q3 | us-gaap |
Time Deposits
TimeDeposits
|
4473850000 | USD |
CY2018Q1 | us-gaap |
Time Deposits
TimeDeposits
|
4675555000 | USD |
CY2018Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
34.66 | |
CY2017Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
47764149 | shares |
CY2017Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
838060000 | USD |
CY2018Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
935039000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
20401000 | USD | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
96979000 | USD | |
CY2017Q3 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
-45758000 | USD |
CY2018Q1 | us-gaap |
Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
|
-47572000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89736320 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89732042 | shares | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85747167 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86422077 | shares | |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89382416 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89346294 | shares | |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85647494 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86299885 | shares | |
wfsl |
Adjustmentsto Additional Paidin Capital Warrants Exercised
AdjustmentstoAdditionalPaidinCapitalWarrantsExercised
|
0 | USD | |
wfsl |
Adjustmentsto Additional Paidin Capital Warrants Exercised
AdjustmentstoAdditionalPaidinCapitalWarrantsExercised
|
0 | USD | |
CY2017Q3 | wfsl |
Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
|
0.0286 | |
CY2018Q1 | wfsl |
Available For Sale Securities Yield
AvailableForSaleSecuritiesYield
|
0.0318 | |
CY2017Q3 | wfsl |
Covered Assets
CoveredAssets
|
67914000 | USD |
CY2018Q1 | wfsl |
Covered Assets
CoveredAssets
|
54626000 | USD |
CY2017Q3 | wfsl |
Fdic Clawback Liability
FDICClawbackLiability
|
37143000 | USD |
CY2018Q1 | wfsl |
Fdic Clawback Liability
FDICClawbackLiability
|
39906000 | USD |
CY2017Q1 | wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
-5216000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
-10512000 | USD | |
CY2018Q1 | wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
-1371000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Charge Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossesChargeOffsNetOfRecoveries
|
-4453000 | USD | |
CY2017Q1 | wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-1750000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-2084000 | USD | |
CY2018Q1 | wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
-950000 | USD |
wfsl |
Financing Receivable Allowance For Credit Losses Provision And Transfers
FinancingReceivableAllowanceForCreditLossesProvisionAndTransfers
|
50000 | USD | |
CY2017Q1 | wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
7 | contract |
wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
15 | contract | |
CY2018Q1 | wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
1 | contract |
wfsl |
Financing Receivable Modifications Number Of Contracts That Subsequently Defaulted
FinancingReceivableModificationsNumberOfContractsThatSubsequentlyDefaulted
|
2 | contract | |
CY2017Q1 | wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
1192000 | USD |
wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
3452000 | USD | |
CY2018Q1 | wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
162000 | USD |
wfsl |
Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
|
206000 | USD | |
CY2017Q3 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Current
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessCurrent
|
0.9960 | |
CY2018Q1 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Current
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessCurrent
|
0.9960 | |
CY2017Q3 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Past Due
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessPastDue
|
0.0040 | |
CY2018Q1 | wfsl |
Financing Receivable Ratioof Total Past Due Loansto Total Loans Receivable Netof Charge Offsand Loansin Process Past Due
FinancingReceivableRatioofTotalPastDueLoanstoTotalLoansReceivableNetofChargeOffsandLoansinProcessPastDue
|
0.0040 | |
wfsl |
Financing Receivables Percentof Troubled Debt Restructuring Classifiedas Performing
FinancingReceivablesPercentofTroubledDebtRestructuringClassifiedasPerforming
|
0.977 | ||
wfsl |
Gain Losson Settlementof Bank Owned Life Insurance
GainLossonSettlementofBankOwnedLifeInsurance
|
649000 | USD | |
wfsl |
Gain Losson Settlementof Bank Owned Life Insurance
GainLossonSettlementofBankOwnedLifeInsurance
|
2416000 | USD | |
CY2017Q3 | wfsl |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
298682000 | USD |
CY2018Q1 | wfsl |
Goodwill And Intangible Assets Net
GoodwillAndIntangibleAssetsNet
|
312303000 | USD |
CY2017Q3 | wfsl |
Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
|
20972000 | USD |
CY2018Q1 | wfsl |
Gross Unrealized Gains On Investments
GrossUnrealizedGainsOnInvestments
|
8534000 | USD |
CY2017Q3 | wfsl |
Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
|
22293000 | USD |
CY2018Q1 | wfsl |
Gross Unrealized Losses On Investments
GrossUnrealizedLossesOnInvestments
|
61122000 | USD |
CY2017Q3 | wfsl |
Held To Maturity Securities Yield
HeldToMaturitySecuritiesYield
|
0.0314 | |
CY2018Q1 | wfsl |
Held To Maturity Securities Yield
HeldToMaturitySecuritiesYield
|
0.0316 | |
wfsl |
Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
|
264000 | USD | |
wfsl |
Increase Decrease In Fdic Indemnification Asset
IncreaseDecreaseInFdicIndemnificationAsset
|
1595000 | USD | |
CY2017Q1 | wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
3938000 | USD |
wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
9078000 | USD | |
CY2018Q1 | wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
4883000 | USD |
wfsl |
Investment Income And Other
InvestmentIncomeAndOther
|
9253000 | USD | |
wfsl |
Loan Modification Basis Point Reduction Maximum
LoanModificationBasisPointReductionMaximum
|
0.02 | ||
wfsl |
Loan Modification Basis Point Reduction Minimum
LoanModificationBasisPointReductionMinimum
|
0.01 | ||
CY2017Q3 | wfsl |
Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
|
1318765000 | USD |
CY2018Q1 | wfsl |
Loans And Leases Receivable Charges To Allowance Loans In Process And Deferred Fees
LoansAndLeasesReceivableChargesToAllowanceLoansInProcessAndDeferredFees
|
1316166000 | USD |
CY2017Q3 | wfsl |
Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
|
1 | |
CY2018Q1 | wfsl |
Loans And Leases Receivable Ratio Of Loan Type To All Loans
LoansAndLeasesReceivableRatioOfLoanTypeToAllLoans
|
1 | |
CY2017Q3 | wfsl |
Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
|
0.0040 | |
CY2018Q1 | wfsl |
Loans And Leases Receivable Ratio Of Total Past Due Loans To Total Loans Receivable Net Of Charge Offs And Loans In Process
LoansAndLeasesReceivableRatioOfTotalPastDueLoansToTotalLoansReceivableNetOfChargeOffsAndLoansInProcess
|
0.0040 | |
wfsl |
Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
|
-477029000 | USD | |
wfsl |
Loans Originated Net Of Principal Collections
LoansOriginatedNetOfPrincipalCollections
|
-199526000 | USD | |
CY2017Q3 | wfsl |
Loans Receivable Netof Charge Offsand Loansin Process
LoansReceivableNetofChargeOffsandLoansinProcess
|
11051453000 | USD |
CY2018Q1 | wfsl |
Loans Receivable Netof Charge Offsand Loansin Process
LoansReceivableNetofChargeOffsandLoansinProcess
|
11399236000 | USD |
CY2018Q1 | wfsl |
Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitments
|
134326000 | USD |
CY2018Q1 | wfsl |
Loansand Leases Receivable Allowancefor Credit Lossesand Reservefor Unfunded Commitments Percentof Gross Loans
LoansandLeasesReceivableAllowanceforCreditLossesandReserveforUnfundedCommitmentsPercentofGrossLoans
|
0.0107 | |
wfsl |
Loansand Leases Receivable Impaired Nonperforming Nonaccrual Interest Income Recognized
LoansandLeasesReceivableImpairedNonperformingNonaccrualInterestIncomeRecognized
|
3228000 | USD | |
CY2017Q3 | wfsl |
Loansand Leases Receivable Nonperforming Nonaccrualof Interest Percentof Total Loans
LoansandLeasesReceivableNonperformingNonaccrualofInterestPercentofTotalLoans
|
0.0046 | |
CY2018Q1 | wfsl |
Loansand Leases Receivable Nonperforming Nonaccrualof Interest Percentof Total Loans
LoansandLeasesReceivableNonperformingNonaccrualofInterestPercentofTotalLoans
|
0.0048 | |
wfsl |
Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
|
2134000 | USD | |
wfsl |
Non Covered Real Estate Acquired Through Foreclosure
NonCoveredRealEstateAcquiredThroughForeclosure
|
1329000 | USD | |
wfsl |
Other Comprehensive Income Loss Including Cumulative Effect Adjustment Netof Tax
OtherComprehensiveIncomeLossIncludingCumulativeEffectAdjustmentNetofTax
|
3884000 | USD | |
wfsl |
Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
|
4872000 | USD | |
wfsl |
Premises And Equipment Purchased And Reo Improvements
PremisesAndEquipmentPurchasedAndReoImprovements
|
12819000 | USD | |
CY2017Q1 | wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
3489000 | USD |
wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
6850000 | USD | |
CY2018Q1 | wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
3665000 | USD |
wfsl |
Product Delivery Expense
ProductDeliveryExpense
|
7621000 | USD | |
CY2017Q3 | wfsl |
Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
|
10835008000 | USD |
CY2018Q1 | wfsl |
Savings And Demand Accounts And Repurchase Agreements With Customers
SavingsAndDemandAccountsAndRepurchaseAgreementsWithCustomers
|
11138856000 | USD |
CY2018Q1 | wfsl |
Single Family Residential Loans As Percentage Of Restructured Loans
SingleFamilyResidentialLoansAsPercentageOfRestructuredLoans
|
0.855 | |
wfsl |
Term Of Contractual Due Dates Of Substantially All Mortgage Backed Securities
TermOfContractualDueDatesOfSubstantiallyAllMortgageBackedSecurities
|
P10Y | ||
CY2017Q3 | wfsl |
Transaction Deposits
TransactionDeposits
|
6361158000 | USD |
CY2018Q1 | wfsl |
Transaction Deposits
TransactionDeposits
|
6463301000 | USD |
CY2017Q3 | wfsl |
Yield
Yield
|
0.0302 | |
CY2018Q1 | wfsl |
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0.0317 | |
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2018, the </font><font style="font-family:inherit;font-size:10pt;color:#333333;">Financial Accounting Standards Board ("FASB")</font><font style="font-family:inherit;font-size:10pt;"> issued </font><font style="font-family:inherit;font-size:10pt;color:#333333;">Accounting Standards Update ("ASU")</font><font style="font-family:inherit;font-size:10pt;"> 2018-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Statement - Reporting Comprehensive Income (Topic 220):</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</font><font style="font-family:inherit;font-size:10pt;">. The ASU was issued to address certain stranded tax effects in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act of 2017. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods, therein, and early adoption is permitted. During the quarter ended March 31, 2018, the Company adopted the ASU and made a reclassification adjustment of </font><font style="font-family:inherit;font-size:10pt;">$1,772,000</font><font style="font-family:inherit;font-size:10pt;"> to increase accumulated other comprehensive income and decrease retained earnings on the Consolidated Statements of Changes in Stockholders' Equity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the </font><font style="font-family:inherit;font-size:10pt;color:#333333;">FASB </font><font style="font-family:inherit;font-size:10pt;">issued </font><font style="font-family:inherit;font-size:10pt;color:#333333;">ASU </font><font style="font-family:inherit;font-size:10pt;">2017-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.</font><font style="font-family:inherit;font-size:10pt;"> The ASU expands and refines hedge accounting for both financial and non-financial risk components, aligns the recognition and presentation of the effects of hedging instruments and hedge items in the financial statements, and includes certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The effective date of the new standard for public companies is for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition with a cumulative effect adjustment recorded to opening retained earnings as of the initial adoption date. The Company does not anticipate that this guidance will have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#333333;">In March 2017, the FASB issued ASU 2017-08, </font><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities. </font><font style="font-family:inherit;font-size:10pt;color:#333333;">The ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The ASU is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. </font><font style="font-family:inherit;font-size:10pt;">The Company does not anticipate that this guidance will have a material impact on its consolidated financial statements</font><font style="font-family:inherit;font-size:10pt;color:#333333;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#333333;">In February 2017, the FASB issued ASU 2017-05, </font><font style="font-family:inherit;font-size:10pt;color:#333333;font-style:italic;">Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. </font><font style="font-family:inherit;font-size:10pt;color:#333333;">The ASU clarifies that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. The amendments also define the term in substance nonfinancial asset. The amendments clarify that nonfinancial assets within the scope of Subtopic 610-20 may include nonfinancial assets transferred within a legal entity to a counterparty. A contract that includes the transfer of ownership interests in one or more consolidated subsidiaries is within the scope of Subtopic 610-20 if substantially all of the fair value of the assets that are promised to the counterparty in a contract is concentrated in nonfinancial assets. The amendments clarify that an entity should identify each distinct nonfinancial asset or in substance nonfinancial asset promised to a counterparty and derecognize each asset when a counterparty obtains control of it. The ASU is effective for public business entities for annual periods beginning after December 15, 2017, and interim periods therein. Entities may use either a full or modified approach to adopt the ASU. </font><font style="font-family:inherit;font-size:10pt;">The Company does not anticipate that this guidance will have a material impact on its consolidated financial statements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</font><font style="font-family:inherit;font-size:10pt;">, which eliminates Step 2 from the goodwill impairment test. The ASU also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The ASU is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, with early adoption being permitted for annual or interim goodwill impairment tests performed on testing dates after January 1, 2017. During the quarter ended March 31, 2018, the Company adopted the ASU and there was no impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations Clarifying the Definition of a Business (Topic 805)</font><font style="font-family:inherit;font-size:10pt;">, for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted for transactions that occurred before the issuance date or effective date of the standard if the transactions were not reported in financial statements that have been issued or made available for issuance. The ASU must be applied prospectively and upon adoption the standard will impact how we assess acquisitions (or disposals) of assets or businesses. During the quarter ended March 31, 2018, the Company adopted the ASU and there was no impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued ASU 2016-18, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Statement of Cash Flows (Topic 230): Restricted Cash: a Consensus of the FASB Emerging Issues Task Force</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires a company’s cash flow statement to explain the changes during a reporting period of the totals for cash, cash equivalents, restricted cash, and restricted cash equivalents. Additionally, amounts for restricted cash and restricted cash equivalents are to be included with cash and cash equivalents if the cash flow statement includes a reconciliation of the total cash balances for a reporting period. This ASU is effective for public business entities for annual periods, including interim periods within those annual periods, beginning after December 15, 2017, with early application permitted. The Company does not anticipate that this guidance will have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payments.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in this ASU address eight specific cash flow issues with the objective of reducing diversity in practice. The specific issues identified include: debt prepayments or extinguishment costs; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. This ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period; however, early adoption is permitted. The Company is currently evaluating the guidance to determine its adoption method and does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments - Credit Losses</font><font style="font-family:inherit;font-size:10pt;">. The amendments in this ASU were issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments that are not accounted for at fair value through net income, including loans held for investment, held-to-maturity debt securities, trade and other receivables, net investments in leases and other commitments to extend credit held by a reporting entity at each reporting date. The amendments require that financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The ASU eliminates the current framework of recognizing probable incurred losses and instead requires an entity to use its current estimate of all expected credit losses over the contractual life. The measurement of expected credit losses is based upon historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, an allowance for expected credit losses is recorded as an adjustment to the cost basis of the asset. Subsequent changes in estimated cash flows would be recorded as an adjustment to the allowance and through the statement of income.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security's cost basis. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amendments in this ASU are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For most debt securities, the transition approach requires a cumulative-effect adjustment to the statement of financial position as of the beginning of the first reporting period the guidance is effective. For other-than-temporarily impaired debt securities and PCD assets, the guidance will be applied prospectively. While the Company is currently in the process of evaluating the impact of the amended guidance on its consolidated financial statements, it currently expects the ALLL to increase upon adoption given that the allowance will be required to cover the full remaining expected life of the portfolio upon adoption, rather than the incurred loss model under current U.S. GAAP. The extent of this increase is still being evaluated and will depend on economic conditions and the composition of the Company’s loan and lease portfolio at the time of adoption. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. The amendments require lessees to recognize a lease liability, which is a lessee's obligation to make lease payments arising from a lease, and a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. The guidance also simplifies the accounting for sale and leaseback transactions. The amendments are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently in the process of accumulating the lease data necessary to apply the amended guidance. The Company is continuing to evaluate the impact of the amended guidance on its consolidated financial statements, but the effects of recognizing most operating leases is not expected to be material. The Company expects to recognize right-of-use assets and lease liabilities for substantially all of its operating lease commitments based on the present value of unpaid lease payments as of the date of adoption. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">, to require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this ASU also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:inherit;font-size:10pt;">. The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, this update was to be effective for interim and annual periods beginning after December 15, 2016. However, in August 2015, the FASB issued ASU 2015-14, which delayed the effective date of ASU 2014-09 by one year and permits companies to voluntarily adopt the new standard as of the original effective date. The Company does not expect this guidance to have a material impact on its consolidated financial statements.</font></div></div> |