XML 19 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of goodwill and intangible assets
The table below provides detail regarding the Company's intangible assets.
 
Goodwill
 
Core Deposit and Other Intangibles
 
Total
 
(In thousands)
Balance at September 30, 2017
$
293,153

 
$
5,529

 
$
298,682

Additions (1)
8,215

 
6,595

 
14,810

Amortization (2)

 
(2,206
)
 
(2,206
)
Balance at September 30, 2018
301,368

 
9,918

 
311,286

Additions

 

 

Amortization

 
(2,039
)
 
(2,039
)
Balance at September 30, 2019
$
301,368

 
$
7,879

 
$
309,247


(1) During 2018, an immaterial correction was recorded related to acquisitions of insurance agency businesses in prior years. The balance sheet classification correction resulted in an increase in goodwill of $7,135,000 and finite-lived intangible assets of $5,106,000 and a corresponding decrease in other assets of $12,241,000.
(2) During 2018, an immaterial correction of $1,500,000 was recorded to amortization expense for intangible assets stemming from acquisitions of insurance agency businesses in prior years.
Schedule of future amortization expense
The table below presents the estimated future amortization expense of core deposit and other intangibles for the next five years.
Fiscal Year
 
Expense
 
 
(In thousands)
2020
 
$
1,984

2021
 
1,140

2022
 
804

2023
 
775

2024
 
755