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PARENT COMPANY FINANCIAL STATEMENTS | 12 Months Ended
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Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY FINANCIAL STATEMENTS | PARENT COMPANY FINANCIAL STATEMENTS Presented below are condensed financial statements for the parent company, Meta, at the dates and for the years presented below. 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
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
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 |
The extent to which the Company may pay cash dividends to stockholders will depend on the cash currently available at the Company, as well as the ability of the Bank to pay dividends to the Company. For further discussion, see Note 13 herein.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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