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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Loans receivable, including fees $ 19,056 $ 14,089 $ 53,344 $ 37,540
Mortgage-backed securities 3,950 4,544 11,755 12,345
Other investments 11,098 10,228 33,234 29,269
Total interest and dividend income 34,104 28,861 98,333 79,154
Interest expense:        
Deposits 2,264 1,039 7,106 4,161
FHLB advances and other borrowings 3,429 2,879 9,215 6,251
Total interest expense 5,693 3,918 16,321 10,412
Net interest income 28,411 24,943 82,012 68,742
Provision for loan losses 5,315 1,240 24,726 10,732
Net interest income after provision for loan losses 23,096 23,703 57,286 58,010
Non-interest income:        
Bank-owned life insurance 633 656 1,952 1,548
(Loss) gain on sale of securities available-for-sale, net (Includes ($22) and $47 reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended June 30, 2018 and 2017, respectively and ($1,198) and ($1,331) for the nine months ended June 30, 2018 and 2017, respectively) (22) 47 (1,198) (1,331)
Gain (loss) on foreclosed real estate 0 0 (19) 7
Other income 250 216 766 652
Total non-interest income 33,225 30,820 159,912 142,339
Non-interest expense:        
Compensation and benefits 24,439 22,193 78,951 66,809
Refund transfer product expense 1,694 1,623 11,665 11,852
Tax advance product expense (19) 72 1,736 3,239
Card processing 7,068 5,755 20,798 18,377
Occupancy and equipment 4,720 4,034 14,087 12,202
Legal and consulting 2,781 1,375 8,436 5,603
Marketing 416 381 1,637 1,461
Data processing 301 344 958 1,099
Intangible amortization expense 1,664 1,887 6,077 10,494
Other expense 5,988 4,555 17,247 14,782
Total non-interest expense 49,053 42,219 161,592 145,918
Income before income tax expense 7,268 12,304 55,606 54,431
Income tax expense (Includes ($6) and $18 reclassified from accumulated other comprehensive income (loss) for the three months ended June 30, 2018 and 2017, respectively and ($335) and ($499) for the nine months ended June 30, 2018 and 2017, respectively) 476 2,517 12,708 11,258
Net income $ 6,792 $ 9,787 $ 42,898 $ 43,173
Earnings per common share        
Basic (in dollars per share) $ 0.70 $ 1.05 $ 4.43 $ 4.69
Diluted (in dollars per share) $ 0.70 $ 1.04 $ 4.41 $ 4.66
Refund transfer product fees        
Non-interest income:        
Revenue from contract with customer $ 7,358 $ 5,785 $ 41,353 $ 38,448
Tax advance product fees        
Non-interest income:        
Revenue from contract with customer (46) (108) 35,739 31,460
Card fees        
Non-interest income:        
Revenue from contract with customer 22,807 23,052 74,910 68,013
Loan fees        
Non-interest income:        
Revenue from contract with customer 1,111 982 3,445 3,034
Deposit fees        
Non-interest income:        
Revenue from contract with customer $ 1,134 $ 190 $ 2,964 $ 508