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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income:        
Loans receivable, including fees $ 12,773 $ 8,548 $ 23,451 $ 16,867
Mortgage-backed securities 4,481 4,768 7,801 8,481
Other investments 10,464 7,313 19,041 13,556
Total interest and dividend income 27,718 20,629 50,293 38,904
Interest expense:        
Deposits 2,184 135 3,122 298
FHLB advances and other borrowings 1,568 556 3,372 1,113
Total interest expense 3,752 691 6,494 1,411
Net interest income 23,966 19,938 43,799 37,493
Provision for loan losses 8,649 1,173 9,492 1,959
Net interest income after provision for loan losses 15,317 18,765 34,307 35,534
Non-interest income:        
Tax product fees 63,606 21,071 64,231 21,206
Card fees 26,547 18,579 44,961 33,835
Loan fees 1,182 674 2,052 1,467
Bank-owned life insurance 444 380 892 754
Deposit fees 168 151 318 313
Gain (loss) on sale of securities available for sale, net (includes ($144) and $29 reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended March 31, 2017 and 2016, respectively and ($1,378) and $50 for the six months ended March 31, 2017 and 2016, respectively) (144) 29 (1,378) 50
Gain on foreclosed real estate 7 0 7 0
Other income 360 17 436 110
Total non-interest income 92,170 40,901 111,519 57,735
Non-interest expense:        
Compensation and benefits 26,766 17,110 44,616 31,765
Tax product 13,318 8,238 13,396 8,256
Card processing 7,043 6,017 12,622 11,251
Occupancy and equipment 4,191 3,659 8,168 7,038
Legal and consulting 1,505 859 4,228 1,990
Marketing 610 539 1,080 1,041
Data processing 392 357 755 698
Amortization expense 7,082 1,215 8,607 2,428
Other expense 6,039 3,796 10,227 7,331
Total non-interest expense 66,946 41,790 103,699 71,798
Income before income tax expense 40,541 17,876 42,127 21,471
Income tax expense (includes ($54) and $11 income tax expense (benefit) reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2017 and 2016, respectively and ($517) and $18 for the six months ended March 31, 2017 and 2016, respectively) 8,399 3,593 8,741 3,130
Net income $ 32,142 $ 14,283 $ 33,386 $ 18,341
Earnings per common share        
Basic (in dollars per share) $ 3.44 $ 1.68 $ 3.65 $ 2.19
Diluted (in dollars per share) $ 3.42 $ 1.67 $ 3.63 $ 2.17