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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Summary of Fair Values of Securities Available for Sale and Held to Maturity

The following table summarizes the fair values of securities available for sale and held to maturity at June 30, 2016 and September 30, 2015.  Securities available for sale are measured at fair value on a recurring basis, while securities held to maturity are carried at amortized cost in the consolidated statements of financial condition.

	Fair Value At June 30, 2016
	Available For Sale																Held to Maturity
(Dollars in Thousands)	Total				Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3
Debt securities
Trust preferred securities	$	12,188			$	—			$	12,188			$	—			$	—			$	—			$	—			$	—
Small business administration securities	84,104				—				84,104				—				—				—				—				—
Obligations of states and political subdivisions	—				—				—				—				21,056				—				21,056				—
Non-bank qualified obligations of states and political subdivisions	700,040				—				700,040				—				457,336				—				457,336				—
Asset-backed securities	66,023				—				66,023				—				—				—				—				—
Mortgage-backed securities	579,330				—				579,330				—				139,758				—				139,758				—
Total debt securities	1,441,685				—				1,441,685				—				618,150				—				618,150				—
Common equities and mutual funds	1,113				1,113				—				—				—				—				—				—
Total securities	$	1,442,798			$	1,113			$	1,441,685			$	—			$	618,150			$	—			$	618,150			$	—

	Fair Value At September 30, 2015
	Available For Sale																Held to Maturity
(Dollars in Thousands)	Total				Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3
Debt securities
Trust preferred and corporate securities	$	13,944			$	—			$	13,944			$	—			$	—			$	—			$	—			$	—
Small business administration securities	56,056				—				56,056				—				—				—				—				—
Obligations of states and political subdivisions	—				—				—				—				19,413				—				19,413				—
Non-bank qualified obligations of states and political subdivisions	608,590				—				608,590				—				261,330				—				261,330				—
Mortgage-backed securities	576,583				—				576,583				—				66,104				—				66,104				—
Total debt securities	1,255,173				—				1,255,173				—				346,847				—				346,847				—
Common equities and mutual funds	914				914				—				—				—				—				—				—
Total securities	$	1,256,087			$	914			$	1,255,173			$	—			$	346,847			$	—			$	346,847			$	—

Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes the assets of the Company that are measured at fair value in the consolidated statements of financial condition on a non-recurring basis as of June 30, 2016 and September 30, 2015.

	Fair Value At June 30, 2016
(Dollars in Thousands)	Total				Level 1				Level 2				Level 3
Impaired Loans, net
One to four family residential mortgage loans	$	77			$	—			$	—			$	77
Total	$	77			$	—			$	—			$	77

	Fair Value At September 30, 2015
(Dollars in Thousands)	Total				Level 1				Level 2				Level 3
Impaired Loans, net
Commercial and multi-family real estate loans	$	663			$	—			$	—			$	663
Agricultural operating loans	1,880				—				—				1,880
Total	$	2,543			$	—			$	—			$	2,543

Quantitative Information about Level 3 Fair Value Measurements

	Quantitative Information About Level 3 Fair Value Measurements
(Dollars in Thousands)	Fair Value at June 30, 2016				Valuation Technique		Unobservable Input
Impaired Loans, net	$	77			Market approach		Appraised values (1)

⁽¹⁾  The Company generally relies on external appraisers to develop this information.  Management reduced the appraised value by estimated selling costs in a range of 4% to 10%.

	Quantitative Information About Level 3 Fair Value Measurements
(Dollars in Thousands)	Fair Value at September 30, 2015				Valuation Technique		Unobservable Input
Impaired Loans, net	$	2,543			Market approach		Appraised values (1)

⁽¹⁾  The Company generally relies on external appraisers to develop this information.  Management reduced the appraised value by estimated selling costs in a range of 4% to 10%.

Carrying Amount and Estimated Fair Value of Financial Instruments

The following presents the carrying amount and estimated fair value of the financial instruments held by the Company at June 30, 2016 and September 30, 2015.

	June 30, 2016
	Carrying Amount				Estimated Fair Value				Level 1				Level 2				Level 3
	(Dollars in Thousands)
Financial assets
Cash and cash equivalents	$	36,830			$	36,830			$	36,830			$	—			$	—
Securities available for sale	1,442,798				1,442,798				1,113				1,441,685				—
Securities held to maturity	604,589				618,150				—				618,150				—
Total securities	2,047,387				2,060,948				1,113				2,059,835				—
Loans receivable:
One to four family residential mortgage loans	150,461				156,610				—				—				156,610
Commercial and multi-family real estate loans	386,798				386,551				—				—				386,551
Agricultural real estate loans	64,130				64,464				—				—				64,464
Consumer loans	36,986				36,376				—				—				36,376
Commercial operating loans	40,971				41,336				—				—				41,336
Agricultural operating loans	40,435				40,241				—				—				40,241
Premium finance loans	141,342				144,180				—				—				144,180
Total loans receivable	861,123				869,758				—				—				869,758
Federal Home Loan Bank stock	25,311				25,311				—				25,311				—
Accrued interest receivable	17,911				17,911				17,911				—				—
Financial liabilities
Noninterest bearing demand deposits	1,922,802				1,922,802				1,922,802				—				—
Interest bearing demand deposits, savings, and money markets	163,818				163,818				163,818				—				—
Certificates of deposit	100,336				100,066				—				100,066				—
Total deposits	2,186,956				2,186,686				2,086,620				100,066				—
Advances from Federal Home Loan Bank	107,000				108,274				—				108,274				—
Federal funds purchased	437,000				437,000				—				437,000				—
Securities sold under agreements to repurchase	2,234				2,234				—				2,234				—
Subordinated debentures	10,310				10,430				—				10,430				—
Accrued interest payable	337				337				337				—				—

	September 30, 2015
	Carrying Amount				Estimated Fair Value				Level 1				Level 2				Level 3
	(Dollars in Thousands)
Financial assets
Cash and cash equivalents	$	27,658			$	27,658			$	27,658			$	—			$	—
Securities available for sale	1,256,087				1,256,087				914				1,255,173				—
Securities held to maturity	345,744				346,847				—				346,847				—
Total securities	1,601,831				1,602,934				914				1,602,020				—
Loans receivable:
One to four family residential mortgage loans	125,021				121,385				—				—				121,385
Commercial and multi-family real estate loans	310,199				314,372				—				—				314,372
Agricultural real estate loans	64,316				66,682				—				—				66,682
Consumer loans	33,527				33,504				—				—				33,504
Commercial operating loans	29,893				23,245				—				—				23,245
Agricultural operating loans	43,626				40,003				—				—				40,003
Premium finance loans	106,505				108,583				—				—				108,583
Total loans receivable	713,087				707,774				—				—				707,774
Federal Home Loan Bank stock	24,410				24,410				—				24,410				—
Accrued interest receivable	13,352				13,352				13,352				—				—
Financial liabilities
Noninterest bearing demand deposits	1,449,101				1,369,672				1,369,672				—				—
Interest bearing demand deposits, savings, and money markets	117,262				115,204				115,204				—				—
Certificates of deposit	91,171				91,304				—				91,304				—
Total deposits	1,657,534				1,576,180				1,484,876				91,304				—
Advances from Federal Home Loan Bank	7,000				8,630				—				8,630				—
Federal funds purchased	540,000				540,000				—				540,000				—
Securities sold under agreements to repurchase	4,007				4,007				—				4,007				—
Subordinated debentures	10,310				10,416				—				10,416				—
Accrued interest payable	272				272				272				—				—

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

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-Publisher FASB
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Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

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