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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income:        
Loans receivable, including fees $ 14,089 $ 9,280 $ 37,540 $ 26,147
Mortgage-backed securities 4,544 3,777 12,345 12,258
Other investments 10,228 7,706 29,269 21,262
Total interest and dividend income 28,861 20,763 79,154 59,667
Interest expense:        
Deposits 1,039 136 4,161 434
FHLB advances and other borrowings 2,879 708 6,251 1,821
Total interest expense 3,918 844 10,412 2,255
Net interest income 24,943 19,919 68,742 57,412
Provision for loan losses 1,240 2,098 10,732 4,057 [1]
Net interest income after provision for loan losses 23,703 17,821 58,010 53,355
Non-interest income:        
Refund transfer product fees 5,785 3,424 38,448 23,062
Tax advance product fees (108) 7 31,460 1,575
Card fees 23,052 18,779 68,013 52,614
Loan fees 982 1,084 3,034 2,551
Bank-owned life insurance 656 454 1,548 1,208
Deposit fees 190 144 508 457
Gain (loss) on sale of securities available for sale, net (includes $47 and ($102) reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended June 30, 2017 and 2016, respectively and ($1,331) and ($52) for the nine months ended June 30, 2017 and 2016, respectively) 47 (102) (1,331) (52) [1]
Gain on foreclosed real estate 0 0 7 0 [1]
Other income 216 17 652 127
Total non-interest income 30,820 23,807 142,339 81,542
Non-interest expense:        
Compensation and benefits 22,193 15,375 66,809 47,140
Refund transfer product expense 1,623 359 11,852 8,615
Tax advance product expense 72 0 3,239 0
Card processing 5,755 5,607 18,377 16,858
Occupancy and equipment 4,034 3,413 12,202 10,451
Legal and consulting 1,375 1,221 5,603 3,211
Marketing 381 490 1,461 1,531
Data processing 344 324 1,099 1,022
Amortization expense 1,887 1,216 10,494 3,644
Other expense 4,555 3,622 14,782 10,953
Total non-interest expense 42,219 31,627 145,918 103,425
Income before income tax expense 12,304 10,001 54,431 31,472
Income tax expense (includes $18 and ($37) income tax expense (benefit) reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2017 and 2016, respectively and ($499) and ($19) for the nine months ended June 30, 2017 and 2016, respectively) 2,517 1,128 11,258 4,258
Net income $ 9,787 $ 8,873 $ 43,173 $ 27,214 [1]
Earnings per common share        
Basic (in dollars per share) $ 1.05 $ 1.04 $ 4.69 $ 3.23
Diluted (in dollars per share) $ 1.04 $ 1.04 $ 4.66 $ 3.21
[1] See Note 1. Basis of Presentation for further discussion on the current presentation.