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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:        
Loans receivable, including fees $ 17,844 $ 12,773 $ 34,287 $ 23,451
Mortgage-backed securities 4,047 4,481 7,805 7,801
Other investments 11,480 10,464 22,136 19,041
Total interest and dividend income 33,371 27,718 64,228 50,293
Interest expense:        
Deposits 2,957 2,184 4,842 3,122
FHLB advances and other borrowings 3,009 1,568 5,785 3,372
Total interest expense 5,966 3,752 10,627 6,494
Net interest income 27,405 23,966 53,601 43,799
Provision for loan losses 18,343 8,649 19,411 9,492 [1]
Net interest income after provision for loan losses 9,062 15,317 34,190 34,307
Non-interest income:        
Refund transfer product fees 33,803 32,487 33,995 32,663
Tax advance product fees 33,838 31,119 35,785 31,568
Card fees 26,856 26,547 52,103 44,961
Loan fees 1,042 1,182 2,334 2,052
Bank-owned life insurance 650 444 1,319 892
Deposit fees 982 168 1,830 318
Loss on sale of securities available-for-sale, net (Includes ($166) and ($144) reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended March 31, 2018 and 2017, respectively and ($1,176) and ($1,378) for the six months ended March 31, 2018 and 2017, respectively) (166) (144) (1,176) (1,378) [1]
Gain (loss) on foreclosed real estate 0 7 (19) 7 [1]
Other income 414 360 516 436
Total non-interest income 97,419 92,170 126,687 111,519
Non-interest expense:        
Compensation and benefits 32,172 26,766 54,512 44,616
Refund transfer product expense 9,871 10,178 9,972 9,969
Tax advance product expense 1,474 3,140 1,754 3,427
Card processing 7,190 7,043 13,730 12,622
Occupancy and equipment 4,477 4,191 9,367 8,168
Legal and consulting 3,239 1,505 5,655 4,228
Marketing 668 610 1,221 1,080
Data processing 243 392 657 755
Intangible amortization expense 2,731 7,082 4,412 8,607
Other expense 6,432 6,039 11,259 10,227
Total non-interest expense 68,497 66,946 112,539 103,699
Income before income tax expense 37,984 40,541 48,338 42,127
Income tax expense (Includes ($46) and ($54) reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2018 and 2017, respectively and ($329) and ($517) for the six months ended March 31, 2018 and 2017, respectively) 6,548 8,399 12,232 8,741
Net income $ 31,436 $ 32,142 $ 36,106 $ 33,386 [1]
Earnings per common share        
Basic (in dollars per share) $ 3.25 $ 3.44 $ 3.73 $ 3.65
Diluted (in dollars per share) $ 3.23 $ 3.42 $ 3.72 $ 3.63
[1] See Note 1. Basis of Presentation for further discussion on the current presentation.