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PARENT COMPANY FINANCIAL STATEMENTS | 12 Months Ended
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Sep. 30, 2015
PARENT COMPANY FINANCIAL STATEMENTS [Abstract] |
PARENT COMPANY FINANCIAL STATEMENTS | NOTE 19. PARENT COMPANY FINANCIAL STATEMENTS Presented below are condensed financial statements for the parent company, Meta Financial. CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30, |  | 2015 |  |  | 2014 |
|  | (Dollars in Thousands) |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 14,280 |  |  | $ | 9,439 |
Investment in subsidiaries |  |  | 267,623 |  |  |  | 175,568 |
Other assets |  |  | 408 |  |  |  | 393 |
Total assets |  | $ | 282,311 |  |  | $ | 185,400 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 10,310 |  |  | $ | 10,310 |
Other liabilities |  |  | 666 |  |  |  | 288 |
Total liabilities |  | $ | 10,976 |  |  | $ | 10,598 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Common stock |  | $ | 82 |  |  | $ | 62 |
Additional paid-in capital |  |  | 170,749 |  |  |  | 95,079 |
Retained earnings |  |  | 98,359 |  |  |  | 83,797 |
Accumulated other comprehensive income (loss) |  |  | 2,455 |  |  |  | (3,409 | )
Treasury stock, at cost |  |  | (310 | ) |  |  | (727 | )
Total stockholders' equity |  | $ | 271,335 |  |  | $ | 174,802 |
Total liabilities and stockholders' equity |  | $ | 282,311 |  |  | $ | 185,400 |
CONDENSED STATEMENTS OF OPERATIONS
Years ended September 30, |  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (Dollars in Thousands) |
Total other income |  | $ | - |  |  | $ | - |  |  | $ | - |
Interest expense |  |  | 418 |  |  |  | 348 |  |  |  | 469 |
Other expense |  |  | 269 |  |  |  | 770 |  |  |  | 941 |
Total expense |  |  | 687 |  |  |  | 1,118 |  |  |  | 1,410 |
Gain (loss) before income taxes and equity in undistributed net income of subsidiaries |  |  | (687 | ) |  |  | (1,118 | ) |  |  | (1,410 | )
Income tax benefit |  |  | (324 | ) |  |  | (422 | ) |  |  | (509 | )
Gain (loss) before equity in undistributed net income of subsidiaries |  |  | (363 | ) |  |  | (696 | ) |  |  | (901 | )
Equity in undistributed net income of subsidiaries |  |  | 18,418 |  |  |  | 16,409 |  |  |  | 14,319 |
Net income |  | $ | 18,055 |  |  | $ | 15,713 |  |  | $ | 13,418 |
CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended September 30, |  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (Dollars in Thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income |  | $ | 18,055 |  |  | $ | 15,713 |  |  | $ | 13,418 |
Adjustments to reconcile net income to net cash provided by (used in) operating activites |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, amortization and accretion, net |  |  | - |  |  |  | (310 | ) |  |  | - |
Equity in undistributed net income of subsidiaries |  |  | (18,418 | ) |  |  | (16,409 | ) |  |  | (14,319 | )
Change in other assets |  |  | (15 | ) |  |  | 246 |  |  |  | 54 |
Change in other liabilities |  |  | 378 |  |  |  | (332 | ) |  |  | (339 | )
Net cash provided by (used in) operating activities |  |  | (0 | ) |  |  | (1,092 | ) |  |  | (1,186 | )
CASH FLOWS FROM INVESTING ACTIVITES |  |  |  |  |  |  |  |  |  |  |  |
Capital contributions to subsidiaries |  |  | (67,600 | ) |  |  | - |  |  |  | (6,000 | )
Net cash provided by (used in) investing activites |  |  | (67,600 | ) |  |  | - |  |  |  | (6,000 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  |  | (3,493 | ) |  |  | (3,184 | ) |  |  | (2,926 | )
Stock compensation |  |  | 253 |  |  |  | 4 |  |  |  | 165 |
Proceeds from issuance of common stock |  |  | 75,471 |  |  |  | (51 | ) |  |  | 12,718 |
Proceeds from exercise of stock options |  |  | 210 |  |  |  | 2,376 |  |  |  | 2,548 |
Other, net |  |  | - |  |  |  | - |  |  |  | (38 | )
Net cash provided by (used in) financing activities |  |  | 72,441 |  |  |  | (855 | ) |  |  | 12,467 |
Net change in cash and cash equivalents |  | $ | 4,841 |  |  | $ | (1,947 | ) |  | $ | 5,281 |
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  | $ | 9,439 |  |  | $ | 11,386 |  |  | $ | 6,105 |
End of year |  | $ | 14,280 |  |  | $ | 9,439 |  |  | $ | 11,386 |
The extent to which the Company may pay cash dividends to stockholders will depend on the cash currently available at the Company, as well as the ability of the Bank to pay dividends to the Company. For further discussion, see Note 15 herein.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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