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SECURITIES (Tables)
9 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale and held to maturity securities at June 30, 2016 and September 30, 2015 are presented below.

Available For Sale
 
 
GROSS

 
GROSS

 
 
At June 30, 2016
AMORTIZED
COST

 
UNREALIZED
GAINS

 
UNREALIZED
(LOSSES)

 
FAIR
VALUE

 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
Trust preferred securities
$
14,934

 
$

 
$
(2,746
)
 
$
12,188

Small business administration securities
81,786

 
2,318

 

 
84,104

Non-bank qualified obligations of states and political subdivisions
663,861

 
36,314

 
(135
)
 
700,040

Asset-backed securities
66,955

 
70

 
(1,002
)
 
66,023

Mortgage-backed securities
576,436

 
3,573

 
(679
)
 
579,330

Total debt securities
1,403,972

 
42,275

 
(4,562
)
 
1,441,685

Common equities and mutual funds
761

 
356

 
(4
)
 
1,113

Total available for sale securities
$
1,404,733

 
$
42,631

 
$
(4,566
)
 
$
1,442,798


At September 30, 2015
AMORTIZED
COST

 
GROSS
UNREALIZED
GAINS

 
GROSS
UNREALIZED
(LOSSES)

 
FAIR
VALUE

 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
Trust preferred and corporate securities
$
16,199

 
$
8

 
$
(2,263
)
 
$
13,944

Small business administration securities
54,493

 
1,563

 

 
56,056

Non-bank qualified obligations of states and political subdivisions
603,165

 
7,240

 
(1,815
)
 
608,590

Mortgage-backed securities
580,165

 
1,283

 
(4,865
)
 
576,583

Total debt securities
1,254,022

 
10,094

 
(8,943
)
 
1,255,173

Common equities and mutual funds
639

 
283

 
(8
)
 
914

Total available for sale securities
$
1,254,661

 
$
10,377

 
$
(8,951
)
 
$
1,256,087

Securities Held to Maturity

Held to Maturity
 
 
GROSS

 
GROSS

 
 
At June 30, 2016
AMORTIZED
COST

 
UNREALIZED
GAINS

 
UNREALIZED
(LOSSES)

 
FAIR
VALUE

 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
20,644

 
$
434

 
$
(22
)
 
$
21,056

Non-bank qualified obligations of states and political subdivisions
444,807

 
12,529

 

 
457,336

Mortgage-backed securities
139,138

 
620

 

 
139,758

Total held to maturity securities
$
604,589

 
$
13,583

 
$
(22
)
 
$
618,150

At September 30, 2015
AMORTIZED
COST

 
GROSS
UNREALIZED
GAINS

 
GROSS
UNREALIZED
(LOSSES)

 
FAIR
VALUE

 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
19,540

 
$
60

 
$
(187
)
 
$
19,413

Non-bank qualified obligations of states and political subdivisions
259,627

 
2,122

 
(419
)
 
261,330

Mortgage-backed securities
66,577

 

 
(473
)
 
66,104

Total held to maturity securities
$
345,744

 
$
2,182

 
$
(1,079
)
 
$
346,847

Trust Preferred Securities Included in Securities Available for Sale
Included in securities available for sale are trust preferred securities as follows:

At June 30, 2016
 
 
 
 
 
 
 
 
     
Issuer(1)
Amortized Cost
 
Fair Value
 
Unrealized
Gain (Loss)
 
S&P
Credit Rating
 
Moody's
Credit Rating
 
(Dollars in Thousands)
 
 
 
  
Key Corp. Capital I
$
4,987

 
$
4,011

 
$
(976
)
 
BB+
 
Baa2
Huntington Capital Trust II SE
4,980

 
3,834

 
(1,146
)
 
BB
 
Baa2
PNC Capital Trust
4,967

 
4,343

 
(624
)
 
BBB-
 
Baa1
Total
$
14,934

 
$
12,188

 
$
(2,746
)
 
 
 
  
 
 

(1)
Trust preferred securities are single-issuance.  There are no known deferrals, defaults or excess subordination.
At September 30, 2015
 
 
 
 
 
 
 
 
     
Issuer(1)
Amortized Cost
 
Fair Value
 
Unrealized
Gain (Loss)
 
S&P
Credit Rating
 
Moody's
Credit Rating
 
(Dollars in Thousands)
 
 
 
  
Key Corp. Capital I
$
4,986

 
$
4,189

 
$
(797
)
 
BB+
 
Baa2
Huntington Capital Trust II SE
4,979

 
4,076

 
(903
)
 
BB
 
Baa2
PNC Capital Trust
4,965

 
4,402

 
(563
)
 
BBB-
 
Baa1
Total
$
14,930

 
$
12,667

 
$
(2,263
)
 
 
 
  

 

(1)
Trust preferred securities are single-issuance.  There are no known deferrals, defaults or excess subordination
Gross Unrealized Losses and Fair Value of Securities Available for Sale in Continuous Unrealized Loss Position
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2016 and September 30, 2015, are as follows:

Available For Sale
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
At June 30, 2016
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
 
 
 
 
Trust preferred securities
$

 
$

 
$
12,188

 
$
(2,746
)
 
$
12,188

 
$
(2,746
)
Non-bank qualified obligations of states and political subdivisions

 

 
12,018

 
(135
)
 
12,018

 
(135
)
Asset-backed securities
49,900

 
(1,002
)
 

 

 
49,900

 
(1,002
)
Mortgage-backed securities

 

 
128,968

 
(679
)
 
128,968

 
(679
)
Total debt securities
49,900

 
(1,002
)
 
153,174

 
(3,560
)
 
203,074

 
(4,562
)
Common equities and mutual funds

 

 
124

 
(4
)
 
124

 
(4
)
Total available for sale securities
$
49,900

 
$
(1,002
)
 
$
153,298

 
$
(3,564
)
 
$
203,198

 
$
(4,566
)

 
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
At September 30, 2015
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
 
 
 
 
Trust preferred and corporate securities
$

 
$

 
$
12,667

 
$
(2,263
)
 
$
12,667

 
$
(2,263
)
Non-bank qualified obligations of states and political subdivisions
97,006

 
(860
)
 
42,583

 
(955
)
 
139,589

 
(1,815
)
Mortgage-backed securities
448,988

 
(4,301
)
 
48,079

 
(564
)
 
497,067

 
(4,865
)
Total debt securities
545,994

 
(5,161
)
 
103,329

 
(3,782
)
 
649,323

 
(8,943
)
Common equities and mutual funds

 

 
121

 
(8
)
 
121

 
(8
)
Total available for sale securities
$
545,994

 
$
(5,161
)
 
$
103,450

 
$
(3,790
)
 
$
649,444

 
$
(8,951
)
Gross Unrealized Losses and Fair Value of Securities Held to Maturity in Continuous Unrealized Loss Position

Held To Maturity
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
At June 30, 2016
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$

 
$

 
$
2,266

 
$
(22
)
 
$
2,266

 
$
(22
)
Total held to maturity securities
$

 
$

 
$
2,266

 
$
(22
)
 
$
2,266

 
$
(22
)
 
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
At September 30, 2015
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair Value
 
Unrealized
(Losses)
 
(Dollars in Thousands)
Debt securities
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
5,528

 
$
(34
)
 
$
7,964

 
$
(153
)
 
$
13,492

 
$
(187
)
Non-bank qualified obligations of states and political subdivisions
78,663

 
(365
)
 
4,136

 
(54
)
 
82,799

 
(419
)
Mortgage-backed securities
5,509

 
(43
)
 
60,595

 
(430
)
 
66,104

 
(473
)
Total held to maturity securities
$
89,700

 
$
(442
)
 
$
72,695

 
$
(637
)
 
$
162,395

 
$
(1,079
)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity are shown below.  Certain securities have call features which allow the issuer to call the security prior to maturity.  Expected maturities may differ from contractual maturities in mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.  Therefore, mortgage-backed securities are not included in the maturity categories in the following maturity summary.  The expected maturities of certain Small Business Administration and certain asset-backed securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

Available For Sale
AMORTIZED
COST

 
FAIR
VALUE

 
At June 30, 2016
(Dollars in Thousands)
 
 
 
 
Due in one year or less
$

 
$

Due after one year through five years
13,606

 
14,077

Due after five years through ten years
400,021

 
421,303

Due after ten years
413,909

 
426,975

 
827,536

 
862,355

Mortgage-backed securities
576,436

 
579,330

Common equities and mutual funds
761

 
1,113

Total available for sale securities
$
1,404,733

 
$
1,442,798

 
AMORTIZED
COST

 
FAIR
VALUE

At September 30, 2015
(Dollars in Thousands)
 
 
 
 
Due in one year or less
$

 
$

Due after one year through five years
1,174

 
1,207

Due after five years through ten years
370,087

 
376,394

Due after ten years
302,596

 
300,989

 
673,857

 
678,590

Mortgage-backed securities
580,165

 
576,583

Common equities and mutual funds
639

 
914

Total available for sale securities
$
1,254,661

 
$
1,256,087


Held To Maturity
AMORTIZED
COST

 
FAIR
VALUE

 
At June 30, 2016
(Dollars in Thousands)
 
 
 
 
Due in one year or less
$
231

 
$
231

Due after one year through five years
11,586

 
11,810

Due after five years through ten years
147,795

 
153,986

Due after ten years
305,839

 
312,365

 
465,451

 
478,392

Mortgage-backed securities
139,138

 
139,758

Total held to maturity securities
$
604,589

 
$
618,150


 
AMORTIZED
COST

 
FAIR
VALUE

At September 30, 2015
(Dollars in Thousands)
Due in one year or less
$
95

 
$
96

Due after one year through five years
8,411

 
8,430

Due after five years through ten years
140,145

 
140,505

Due after ten years
130,516

 
131,712

 
279,167

 
280,743

Mortgage-backed securities
66,577

 
66,104

Total held to maturity securities
$
345,744

 
$
346,847