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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 100,941,000 $ 83,316,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion expense, net 26,756,000 18,770,000
Cash received from (paid to) FDIC under loss share agreements, net 1,595,000 264,000
Stock based compensation expense 2,534,000 4,171,000
Provision (release) for loan losses (950,000) (1,600,000)
Loss (gain) on sale of investment securities 0 (968,000)
Decrease (increase) in accrued interest receivable (2,288,000) (2,904,000)
Decrease (increase) in federal and state income tax receivable (1,414,000) 16,047,000
Decrease (increase) in cash surrender value of bank owned life insurance (3,012,000) (3,332,000)
Gain on bank owned life insurance (2,416,000) (649,000)
Net realized (gain) loss on sales of premises, equipment, and real estate owned (1,022,000) (2,587,000)
Decrease (increase) in other assets (8,797,000) 15,275,000
Increase (decrease) in accrued expenses and other liabilities 8,277,000 (41,839,000)
Net cash provided by (used in) operating activities 120,204,000 83,964,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Origination of loans and principal repayments, net (199,526,000) (477,029,000)
Loans purchased (143,605,000) (72,856,000)
FHLB & FRB stock purchased (259,400,000) (17,209,000)
FHLB & FRB stock redeemed 255,400,000 14,424,000
Available-for-sale securities purchased (123,324,000) 0
Principal payments and maturities of available-for-sale securities 104,733,000 169,937,000
Proceeds from sales of available-for-sale securities 0 350,890,000
Held-to-maturity securities purchased (170,836,000) (415,729,000)
Principal payments and maturities of held-to-maturity securities 98,781,000 131,556,000
Proceeds from sales of real estate owned 6,803,000 10,222,000
Proceeds from settlement of bank owned life insurance 3,484,000 1,231,000
Cash paid for acquisitions (2,211,000) 0
Proceeds from sales of premises and equipment 1,000 3,956,000
Premises and equipment purchased and REO improvements (12,819,000) (4,872,000)
Net cash provided by (used in) investing activities (442,519,000) (305,479,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in customer accounts 304,001,000 30,107,000
Proceeds from borrowings 6,485,000,000 430,000,000
Repayments of borrowings (6,385,000,000) (360,000,000)
Proceeds from exercise of common stock options and related tax benefit 1,232,000 6,505,000
Dividends paid on common stock (26,855,000) (47,995,000)
Treasury stock purchased (96,979,000) (20,401,000)
Increase (decrease) in borrower advances related to taxes and insurance, net (15,346,000) (672,000)
Net cash provided by (used in) financing activities 266,053,000 37,544,000
Increase (decrease) in cash and cash equivalents (56,262,000) (183,971,000)
Cash and cash equivalents at beginning of period 313,070,000 450,368,000
Cash and cash equivalents at end of period 256,808,000 266,397,000
Non-cash investing activities    
Real estate acquired through foreclosure 1,329,000 2,134,000
Non-cash financing activities    
Stock issued upon exercise of warrants 3,761,000 4,036,000
Cash paid during the period for    
Interest 60,870,000 55,599,000
Income taxes $ 25,265,000 $ 16,903,000