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PARENT COMPANY FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition | CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30, | 2018 |  | 2017
| (Dollars in Thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 28,209 |  |  | $ | 14,569 |
Investment securities held to maturity | 411 |  |  | 310 |
Investment in subsidiaries | 823,215 |  |  | 521,021 |
Other assets | 124 |  |  | 96 |
Total assets | $ | 851,959 |  |  | $ | 535,996 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
LIABILITIES |  |  |  |  |
Long term debt | $ | 87,152 |  |  | $ | 83,657 |
Other liabilities | 17,081 |  |  | 17,843 |
Total liabilities | $ | 104,233 |  |  | $ | 101,500 |
STOCKHOLDERS' EQUITY |  |  |  |  |
Common stock | $ | 393 |  |  | $ | 288 |
Additional paid-in capital | 565,811 |  |  | 258,144 |
Retained earnings | 213,048 |  |  | 167,164 |
Accumulated other comprehensive income (loss) | (33,111 | ) |  | 9,166 |
Treasury stock, at cost | (1,989 | ) |  | (266 | )
Total equity attributable to parent | 744,152 |  |  | 434,496 |
Non-controlling interest | 3,574 |  |  | — |
Total stockholders' equity | 747,726 |  |  | 434,496 |
Total liabilities and stockholders' equity | $ | 851,959 |  |  | $ | 535,996 |
Condensed Statements of Operations | CONDENSED STATEMENTS OF OPERATIONS
Years Ended September 30, | 2018 |  | 2017 |  | 2016
| (Dollars in Thousands)
Interest expense | $ | 5,061 |  |  | $ | 4,959 |  |  | $ | 1,022 |
Other expense | 663 |  |  | 440 |  |  | 382 |
Total expense | 5,724 |  |  | 5,399 |  |  | 1,404 |
Loss before income taxes and equity in undistributed net income of subsidiaries | (5,724 | ) |  | (5,399 | ) |  | (1,404 | )
Income tax (benefit) | (1,504 | ) |  | (1,935 | ) |  | (519 | )
Loss before equity in undistributed net income of subsidiaries | (4,220 | ) |  | (3,464 | ) |  | (885 | )
Equity in undistributed net income of subsidiaries | 55,840 |  |  | 48,381 |  |  | 34,105 |
Net income attributable to parent | $ | 51,620 |  |  | $ | 44,917 |  |  | $ | 33,220 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended September 30, | 2018 |  | 2017 |  | 2016
| (Dollars in Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net Income attributable to parent | $ | 51,620 |  |  | $ | 44,917 |  |  | $ | 33,220 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Depreciation, amortization and accretion, net | 143 |  |  | 136 |  |  | (22 | )
Equity in undistributed net income of subsidiaries | (55,840 | ) |  | (48,381 | ) |  | (34,105 | )
Stock compensation | 11,123 |  |  | 10,393 |  |  | 426 |
Other assets | 232 |  |  | 7 |  |  | (5 | )
Accrued expenses and other liabilities | (860 | ) |  | 16,636 |  |  | 541 |
Cash dividend received | 45,315 |  |  | — |  |  | — |
Net cash provided by operating activities | 51,733 |  |  | 23,708 |  |  | 55 |
CASH FLOWS FROM INVESTING ACTIVITES |  |  |  |  |
Held to Maturity: |  |  |  |  |
Proceeds from maturities and principal repayments | 8 |  |  | — |  |  | — |
Capital contributions to subsidiaries | (20,322 | ) |  | (82,820 | ) |  | (81,000 | )
Net cash (used in) investing activities | (20,314 | ) |  | (82,820 | ) |  | (81,000 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Cash dividends paid | (5,736 | ) |  | (4,839 | ) |  | (4,389 | )
Payment: |  |  |  |  |
Short term debt | (11,642 | ) |  | — |  |  | — |
Long term debt | (258 | ) |  | — |  |  | 75,000 |
Debt issuance costs | — |  |  | — |  |  | (1,767 | )
Purchase of shares by ESOP | 1,606 |  |  | 1,174 |  |  | — |
Proceeds/(payment): |  |  |  |  |
Contingent consideration - equity | — |  |  | 24,142 |  |  | — |
Exercise of stock options & issuance of common stock | 148 |  |  | 650 |  |  | 13,537 |
Issuance of restricted stock | 4 |  |  | 12 |  |  | — |
Issuance of commons shares due to acquisitions | 295,767 |  |  | 37,296 |  |  | — |
Cash acquired due to acquisitions | 697 |  |  | — |  |  | — |
Net increase in investment in subsidiaries | (295,767 | ) |  | — |  |  | — |
Shares repurchased for tax withholdings on stock compensation | (2,598 | ) |  | (470 | ) |  | — |
Net cash provided by (used in) financing activities | (17,779 | ) |  | 57,965 |  |  | 82,381 |
Net change in cash and cash equivalents | $ | 13,640 |  |  | $ | (1,147 | ) |  | $ | 1,436 |
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |
Beginning of year | 14,569 |  |  | 15,716 |  |  | 14,280 |
End of year | $ | 28,209 |  |  | $ | 14,569 |  |  | $ | 15,716 |

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