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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME        
Loans receivable $ 116,034 $ 113,211 $ 230,869 $ 226,074
Mortgage-backed securities 16,226 16,846 29,015 33,833
Investment securities and cash equivalents 3,938 5,006 9,078 10,280
Interest Income 136,198 135,063 268,962 270,187
INTEREST EXPENSE        
Customer accounts 12,392 13,071 25,409 25,788
FHLB advances 16,079 15,667 32,674 31,205
Interest Expense 28,471 28,738 58,083 56,993
Net interest income 107,727 106,325 210,879 213,194
Provision (release) for loan losses (1,600) (1,500) (1,600) (1,500)
Net interest income after provision (release) for loan losses 109,327 107,825 212,479 214,694
OTHER INCOME        
Gain on sale of investment securities 0 0 968 0
Loan fee income 1,087 1,166 2,421 2,683
Deposit fee income 4,904 5,350 10,089 11,267
Other income 4,145 4,213 8,554 7,414
Other income, total 10,136 10,729 22,032 21,364
OTHER EXPENSE        
Compensation and benefits 28,833 29,184 55,827 58,883
Occupancy 9,091 8,969 17,541 17,561
FDIC insurance premiums 2,910 2,785 5,749 5,374
Product delivery 3,489 4,294 6,850 9,817
Information technology 6,686 7,453 13,137 16,163
Other expense 6,458 6,541 12,704 15,937
Other expense, total 57,467 59,226 111,808 123,735
Gain on real estate owned, net 795 3,894 1,193 5,314
Income before income taxes 62,791 63,222 123,896 117,637
Income tax expense 20,721 21,499 40,580 40,816
NET INCOME $ 42,070 $ 41,723 $ 83,316 $ 76,821
PER SHARE DATA        
Basic earnings (in dollars per share) $ 0.47 $ 0.45 $ 0.93 $ 0.83
Diluted earnings (in dollars per share) 0.47 0.45 0.93 0.83
Dividends paid on common stock (in dollars per share) $ 0.40 $ 0.14 $ 0.54 $ 0.27
Basic weighted average number of shares outstanding (in shares) 89,382,416 91,777,771 89,346,294 92,385,367
Diluted weighted average number of shares outstanding, including dilutive stock options (in shares) 89,736,320 92,147,998 89,732,042 92,860,052