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PARENT COMPANY FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition | CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30, | 2019 |  | 2018
(Dollars in Thousands) |  |  |
ASSETS |  |  |
Cash and cash equivalents | $ | 8,111 |  |  | $ | 28,209 |
Investment securities held to maturity, at cost | 411 |  |  | 411 |
Investment in subsidiaries | 933,196 |  |  | 823,215 |
Other assets | 159 |  |  | 124 |
Total assets | $ | 941,877 |  |  | $ | 851,959 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
LIABILITIES |  |  |  |  |
Long-term borrowings | $ | 87,305 |  |  | $ | 87,152 |
Other liabilities | 10,614 |  |  | 17,081 |
Total liabilities | $ | 97,919 |  |  | $ | 104,233 |
STOCKHOLDERS' EQUITY |  |  |  |  |
Common stock | $ | 378 |  |  | $ | 393 |
Additional paid-in capital | 580,826 |  |  | 565,811 |
Retained earnings | 252,813 |  |  | 213,048 |
Accumulated other comprehensive income (loss) | 6,339 |  |  | (33,111 | )
Treasury stock, at cost | (445 | ) |  | (1,989 | )
Total equity attributable to parent | 839,911 |  |  | 744,152 |
Noncontrolling interest | 4,047 |  |  | 3,574 |
Total stockholders' equity | 843,958 |  |  | 747,726 |
Total liabilities and stockholders' equity | $ | 941,877 |  |  | $ | 851,959 |
Condensed Statements of Operations | CONDENSED STATEMENTS OF OPERATIONS
Fiscal Years Ended September 30, | 2019 |  | 2018 |  | 2017
(Dollars in Thousands) |  |  |  |  |
Interest expense | $ | 5,296 |  |  | $ | 5,061 |  |  | $ | 4,959 |
Other expense | 1,044 |  |  | 663 |  |  | 440 |
Total expense | 6,340 |  |  | 5,724 |  |  | 5,399 |
Loss before income taxes and equity in undistributed net income of subsidiaries | (6,340 | ) |  | (5,724 | ) |  | (5,399 | )
Income tax (benefit) | (1,374 | ) |  | (1,504 | ) |  | (1,935 | )
Loss before equity in undistributed net income of subsidiaries | (4,966 | ) |  | (4,220 | ) |  | (3,464 | )
Equity in undistributed net income of subsidiaries | 101,970 |  |  | 55,840 |  |  | 48,381 |
Net income attributable to parent | $ | 97,004 |  |  | $ | 51,620 |  |  | $ | 44,917 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
For the Fiscal Years Ended September 30, | 2019 |  | 2018 |  | 2017
(Dollars in Thousands) |  |  |  |  |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |
Net income attributable to parent | $ | 97,004 |  |  | $ | 51,620 |  |  | $ | 44,917 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Depreciation, amortization and accretion, net | 153 |  |  | 143 |  |  | 136 |
Equity in undistributed net income of subsidiaries | (101,970 | ) |  | (55,840 | ) |  | (48,381 | )
Stock compensation | 12,942 |  |  | 11,123 |  |  | 10,393 |
Other assets | (35 | ) |  | 232 |  |  | 7 |
Accrued expenses and other liabilities | (6,468 | ) |  | (860 | ) |  | 16,636 |
Cash dividend received | 33,980 |  |  | 45,315 |  |  | — |
Net cash provided by operating activities | 35,606 |  |  | 51,733 |  |  | 23,708 |
CASH FLOWS FROM INVESTING ACTIVITES |  |  |  |  |
Held to maturity: |  |  |  |  |
Proceeds from maturities and principal repayments | — |  |  | 8 |  |  | — |
Capital contributions to subsidiaries | — |  |  | (20,322 | ) |  | (82,820 | )
Net cash (used in) investing activities | — |  |  | (20,314 | ) |  | (82,820 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |
Cash dividends paid | (7,760 | ) |  | (5,736 | ) |  | (4,839 | )
Payment: |  |  |  |  |
Short-term borrowings | — |  |  | (11,642 | ) |  | — |
Long-term borrowings | — |  |  | (258 | ) |  | — |
Purchase of shares by ESOP | 2,011 |  |  | 1,606 |  |  | 1,174 |
Proceeds/(payment): |  |  |  |  |
Contingent consideration - equity | — |  |  | — |  |  | 24,142 |
Exercise of stock options & issuance of common stock | 44 |  |  | 148 |  |  | 650 |
Issuance of restricted stock | 3 |  |  | 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 | (90 | ) |  | (295,767 | ) |  | — |
Shares repurchased for tax withholdings on stock compensation | (49,912 | ) |  | (2,598 | ) |  | (470 | )
Net cash provided by (used in) financing activities | (55,704 | ) |  | (17,779 | ) |  | 57,965 |
Net change in cash and cash equivalents | $ | (20,098 | ) |  | $ | 13,640 |  |  | $ | (1,147 | )
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |
Beginning of fiscal year | 28,209 |  |  | 14,569 |  |  | 15,716 |
End of fiscal year | $ | 8,111 |  |  | $ | 28,209 |  |  | $ | 14,569 |

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