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ACQUISITION (Tables)

3 Months Ended

Dec. 31, 2014

ACQUISITION [Abstract]

Approximate Fair Value of Assets Acquired and Liabilities Assumed

The following table represents the approximate fair value of assets acquired and liabilities assumed of AFS/IBEX on the consolidated balance sheet as of December 2, 2014:

		As of December 2, 2014
		(Dollars in Thousands)
Fair value of consideration paid
Cash		$	99,255
Total consideration paid			99,255
Fair value of assets acquired
Cash and cash equivalents			6,947
Loans receivable, net			74,120
Prepaid assets			156
Furniture and equipment, net			449
Intangible assets			8,213
Other assets			6
Total assets			89,891
Fair value of liabilities assumed
Accrued expenses and other liabilities			2,214
Total liabilities assumed			2,214
Fair value of net assets acquired			87,677
Goodwill resulting from acquisition		$	11,578

Premium Finance Activity Resulting from AFS/IBEX Transaction

The Company’s consolidated statement of operations for the three-months ended December 31, 2014 includes the following Premium Finance activity resulting from the AFS/IBEX transaction for the period from December 2, 2014 through December 31, 2014:

		(Dollars in Thousands)
Revenue		$	770
Net Income			83

X

- Definition

Tabular disclosure of results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

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