XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME    
Loans receivable $ 245,792,000 $ 203,946,000
Mortgage-backed securities 11,266,000 10,613,000
Investment securities and cash equivalents 29,788,000 18,860,000
Total income 286,846,000 233,419,000
INTEREST EXPENSE    
Customer accounts 96,671,000 31,646,000
Borrowings 37,938,000 18,974,000
Total interest expense 134,609,000 50,620,000
Net interest income 152,237,000 182,799,000
Provision for credit losses 0 2,500,000
Net interest income after provision (release) 152,237,000 180,299,000
OTHER INCOME    
Gain (loss) on sale of investment securities 81,000 0
Gain (loss) on termination of hedging derivatives 109,000 0
Loan fee income 844,000 1,502,000
Deposit fee income $ 6,802,000 $ 6,353,000
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member]
Other income $ 6,331,000 $ 6,169,000
Total other income 14,167,000 14,024,000
OTHER EXPENSE    
Compensation and benefits 49,841,000 49,070,000
Occupancy 9,371,000 10,102,000
FDIC insurance premiums 6,570,000 3,675,000
Product delivery 6,009,000 4,621,000
Information technology 12,866,000 12,329,000
Other expense 11,883,000 12,481,000
Total other expense 96,540,000 92,278,000
Gain (loss) on real estate owned, net 1,826,000 (112,000)
Income before income taxes 71,690,000 101,933,000
Income tax expense 13,237,000 22,424,000
Net income 58,453,000 79,509,000
Dividends on preferred stock 3,656,000 3,656,000
Net income available to common shareholders $ 54,797,000 $ 75,853,000
PER SHARE DATA    
Basic earnings per common share (in dollars per share) $ 0.85 $ 1.16
Diluted earnings per common share (in dollars per share) 0.85 1.16
Dividends paid on common stock (in dollars per share) $ 0.25 $ 0.24
Basic weighted average number of shares outstanding (in shares) 64,297,499 65,341,974
Diluted weighted average number of shares outstanding (in shares) 64,312,110 65,430,690