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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME        
Loans receivable $ 132,757 $ 138,549 $ 266,428 $ 280,695
Mortgage-backed securities 6,696 14,341 13,926 29,953
Investment securities and cash equivalents 7,301 6,728 14,222 13,794
Interest income 146,754 159,618 294,576 324,442
INTEREST EXPENSE        
Customer accounts 10,729 28,638 24,839 60,119
FHLB advances 11,991 13,368 25,189 27,026
Interest expense 22,720 42,006 50,028 87,145
Net interest income 124,034 117,612 244,548 237,297
Provision (release) for credit losses 0 8,200 3,000 4,450
Net interest income after provision (release) 124,034 109,412 241,548 232,847
OTHER INCOME        
Gain (loss) on sale of investment securities 0 15,028 0 15,028
Gain (loss) on termination of hedging derivatives 14,110 0 14,110 0
Prepayment penalty on long-term debt (13,788) (13,809) (13,788) (13,809)
Loan fee income $ 872 $ 3,048 $ 3,264 $ 4,852
Revenue, Product and Service [Extensible List] us-gaap:DepositAccountMember us-gaap:DepositAccountMember us-gaap:DepositAccountMember us-gaap:DepositAccountMember
Deposit fee income $ 5,960 $ 6,099 $ 11,986 $ 12,359
Other income 7,323 5,875 12,775 44,187
Other income, total 14,477 16,241 28,347 62,617
OTHER EXPENSE        
Compensation and benefits 43,632 38,617 86,355 75,248
Occupancy 10,473 10,913 20,065 21,048
FDIC insurance premiums 3,755 2,470 7,018 4,940
Product delivery 4,401 3,897 9,338 8,164
Information technology 10,696 11,501 22,527 28,608
Other expense 8,789 12,035 17,853 24,061
Other expense, total 81,746 79,433 163,156 162,069
Gain (loss) on real estate owned, net 34 31 (415) (855)
Income before income taxes 56,799 46,251 106,324 132,540
Income tax expense 11,928 9,874 22,502 28,297
Net income 44,871 36,377 83,822 104,243
Dividends on preferred stock 2,722 0 2,722 0
Net income available to common shareholders $ 42,149 $ 36,377 $ 81,100 $ 104,243
PER SHARE DATA        
Basic earnings per common share (in dollars per share) $ 0.56 $ 0.47 $ 1.07 $ 1.34
Diluted earnings per common share (in dollars per share) 0.56 0.47 1.07 1.34
Dividends paid on common stock per share (in dollars per share) $ 0.23 $ 0.22 $ 0.45 $ 0.43
Basic weighted average number of shares outstanding (in shares) 75,354,765 76,987,532 75,576,288 77,737,977
Diluted weighted average number of shares outstanding (in shares) 75,393,464 77,007,118 75,582,426 77,776,304