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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:        
Loans receivable, including fees $ 8,548 $ 7,637 $ 16,867 $ 14,033
Mortgage-backed securities 4,768 3,919 8,481 7,743
Other investments 7,313 4,203 13,556 8,215
Total interest and dividend income 20,629 15,759 38,904 29,991
Interest expense:        
Deposits 135 172 298 404
FHLB advances and other borrowings 556 301 1,113 730
Total interest expense 691 473 1,411 1,134
Net interest income 19,938 15,286 37,493 28,857
Provision (recovery) for loan losses 1,173 593 1,959 641
Net interest income after provision for loan losses 18,765 14,693 35,534 28,216
Non-interest income:        
Tax product fees 19,638 0 19,638 0
Card fees 18,579 13,663 33,835 26,752
Loan fees 2,216 813 3,035 1,127
Bank-owned life insurance 380 280 754 566
Deposit fees 151 141 313 297
Gain (loss) on sale of securities available for sale, net (Includes $29 and $50 reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three and six months ended March 31, 2016, respectively) 29 17 50 (1,243)
Gain (loss) on foreclosed real estate 0 2 0 28
Other income (loss) (92) 54 110 117
Total non-interest income 40,901 14,970 57,735 27,644
Non-interest expense:        
Compensation and benefits 17,110 11,668 31,765 22,199
Tax product expense 8,256 0 8,256 0
Card processing 6,017 3,810 11,251 8,506
Occupancy and equipment 3,659 2,835 7,038 5,438
Legal and consulting 859 996 1,990 2,217
Marketing 539 341 1,041 645
Data processing 357 331 698 681
Other expense 4,993 3,439 9,759 6,147
Total non-interest expense 41,790 23,420 71,798 45,833
Income before income tax expense 17,876 6,243 21,471 10,027
Income tax expense (Includes $11 and $18 income tax expense reclassified from accumulated other comprehensive income (loss) for the three and six months ended March 31, 2016, respectively) 3,593 1,062 3,130 1,251
Net income $ 14,283 $ 5,181 $ 18,341 $ 8,776
Earnings per common share:        
Basic (in dollars per share) $ 1.69 $ 0.79 $ 2.20 $ 1.38
Diluted (in dollars per share) $ 1.68 $ 0.78 $ 2.18 $ 1.37