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SECURITIES (Tables)
 12 Months Ended
Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of AFS and HTM debt securities at September 30, 2019 and September 30, 2018 are presented below. 
At September 30, 2019
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
(Dollars in Thousands)
 
 
 
 
 
 
 
Debt securities AFS
 
 
 
 
 
 
 
SBA securities
$
182,327

 
$
3,655

 
$
—

 
$
185,982

Obligation of states and political subdivisions
858

 
16

 
—

 
874

Non-bank qualified obligations of states and political subdivisions
396,430

 
5,030

 
(903
)
 
400,557

Asset-backed securities
305,603

 
262

 
(3,331
)
 
302,534

Mortgage-backed securities
378,670

 
5,731

 
(1,855
)
 
382,546

Total debt securities AFS
$
1,263,888

 
$
14,694

 
$
(6,089
)
 
$
1,272,493

Common equities and mutual funds(1)(2)
$
2,435

 
$
171

 
$
—

 
$
2,606

(1) Equity securities at fair value are included within other assets on the consolidated statement of financial condition at September 30, 2019 and September 30, 2018.
(2) ASU 2016-01 adopted on October 1, 2018, on a prospective basis, removed equity securities from AFS category at September 30, 2019.

At September 30, 2018
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
(Dollars in Thousands)
 
 
 
 
 
 
 
Debt securities AFS
 
 
 
 
 
 
 
SBA securities
$
45,591

 
$
1

 
$
(1,255
)
 
$
44,337

Obligation of states and political subdivisions
17,154

 
49

 
(293
)
 
16,910

Non-bank qualified obligations of states and political subdivisions
1,140,884

 
826

 
(31,825
)
 
1,109,885

Asset-backed securities
310,700

 
2,585

 
(257
)
 
313,028

Mortgage-backed securities
378,301

 
—

 
(14,236
)
 
364,065

Total debt securities AFS
1,892,630

 
3,461

 
(47,866
)
 
1,848,225

Common equities and mutual funds(1)
3,172

 
635

 
(7
)
 
3,800

Total AFS securities(1)
$
1,895,802

 
$
4,096

 
$
(47,873
)
 
$
1,852,025


(1) Equity securities at fair value are included within other assets on the consolidated statement of financial condition at September 30, 2019 and September 30, 2018.
Securities Held to Maturity

At September 30, 2019
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
(Dollars in Thousands)
 
 
 
 
 
 
 
Debt securities HTM
 
 
 
 
 
 
 
Non-bank qualified obligations of states and political subdivisions
$
127,582

 
$
108

 
$
(1,403
)
 
$
126,287

Mortgage-backed securities
7,182

 
14

 
(13
)
 
7,183

Total HTM securities
$
134,764

 
$
122

 
$
(1,416
)
 
$
133,470


At September 30, 2018
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized (Losses)
 
Fair Value
(Dollars in Thousands)
 
 
 
 
 
 
 
Debt securities HTM
 
 
 
 
 
 
 
Non-bank qualified obligations of states and political subdivisions
$
163,893

 
$
—

 
$
(10,758
)
 
$
153,135

Mortgage-backed securities
7,850

 
—

 
(422
)
 
7,428

Total HTM securities
$
171,743

 
$
—

 
$
(11,180
)
 
$
160,563
Gross Unrealized Losses and Fair Value of Securities Available for Sale in Continuous Unrealized Loss Position
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position at September 30, 2019, and 2018, were as follows: 
At September 30, 2019
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
(Dollars in Thousands)
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
Debt securities AFS
 
 
 
 
 
 
 
 
 
 
 
SBA securities
$
10,262

 
$
—

 
$
—

 
$
—

 
$
10,262

 
$
—

Obligations of states and political subdivisions
—

 
—

 
—

 
—

 
—

 
—

Non-bank qualified obligations of states and political subdivisions
66,326

 
(177
)
 
55,428

 
(726
)
 
121,754

 
(903
)
Asset-backed securities
158,176

 
(1,823
)
 
93,259

 
(1,508
)
 
251,435

 
(3,331
)
Mortgage-backed securities
1,713

 
(1
)
 
89,634

 
(1,854
)
 
91,347

 
(1,855
)
Total debt securities AFS
$
236,477

 
$
(2,001
)
 
$
238,321

 
$
(4,088
)
 
$
474,798

 
$
(6,089
)
Common equities and mutual funds(1)(2)
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

(1) Equity securities at fair value are included within other assets on the consolidated statement of financial condition at September 30, 2019 and September 30, 2018.
(2) ASU 2016-01 adopted on October 1, 2018, on a prospective basis, removed equity securities from AFS category at September 30, 2019.

At September 30, 2018
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
(Dollars in Thousands)
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
Debt securities AFS
 
 
 
 
 
 
 
 
 
 
 
SBA securities
$
43,097

 
$
(1,255
)
 
$
—

 
$
—

 
$
43,097

 
$
(1,255
)
Obligations of state and political subdivisions
11,036

 
(279
)
 
881

 
(14
)
 
11,917

 
(293
)
Non-bank qualified obligations of states and political subdivisions
626,693

 
(13,539
)
 
358,095

 
(18,286
)
 
984,788

 
(31,825
)
Asset-backed securities
146,638

 
(257
)
 
—

 
—

 
146,638

 
(257
)
Mortgage-backed securities
121,217

 
(3,292
)
 
242,849

 
(10,944
)
 
364,066

 
(14,236
)
Total debt securities AFS
948,681

 
(18,622
)
 
601,825

 
(29,244
)
 
1,550,506

 
(47,866
)
Common equities and mutual funds(1)
1,818

 
(7
)
 
—

 
—

 
1,818

 
(7
)
Total debt AFS securities(1)
$
950,499

 
$
(18,629
)
 
$
601,825

 
$
(29,244
)
 
$
1,552,324

 
$
(47,873
)

(1) Equity securities at fair value are included within other assets on the consolidated statement of financial condition at September 30, 2019 and September 30, 2018.
Gross Unrealized Losses and Fair Value of Securities Held to Maturity in Continuous Unrealized Loss Position
At September 30, 2019
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
(Dollars in Thousands)
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
Debt securities HTM
 
 
 
 
 
 
 
 
 
 
 
Non-bank qualified obligations of states and political subdivisions
$
5,967

 
$
(6
)
 
$
109,368

 
$
(1,397
)
 
$
115,335

 
$
(1,403
)
Mortgage-backed securities
1,471

 
—

 
1,803

 
(13
)
 
3,274

 
(13
)
Total HTM securities
$
7,438

 
$
(6
)
 
$
111,171

 
$
(1,410
)
 
$
118,609

 
$
(1,416
)

At September 30, 2018
LESS THAN 12 MONTHS
 
OVER 12 MONTHS
 
TOTAL
(Dollars in Thousands)
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
 
Fair
Value
 
Unrealized
(Losses)
Debt securities HTM
 
 
 
 
 
 
 
 
 
 
 
Non-bank qualified obligations of states and political subdivisions
$
5,767

 
$
(287
)
 
$
147,368

 
$
(10,471
)
 
$
153,135

 
$
(10,758
)
Mortgage-backed securities
—

 
—

 
7,428

 
(422
)
 
7,428

 
(422
)
Total HTM securities
$
5,767

 
$
(287
)
 
$
154,796

 
$
(10,893
)
 
$
160,563

 
$
(11,180
)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity are shown below.  Certain securities have call features which allow the issuer to call the security prior to maturity.  Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.  Therefore, MBS are not included in the maturity categories in the following maturity summary.  The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.
AFS Securities at Fair Value
 
 
 
At September 30, 2019
Amortized Cost
 
Fair Value
(Dollars in Thousands)
 
 
 
Due in one year or less
$
—

 
$
—

Due after one year through five years
16,749

 
17,143

Due after five years through ten years
50,263

 
51,840

Due after ten years
818,206

 
820,964

 
885,218

 
889,947

Mortgage-backed securities
378,670

 
382,546

Total securities at fair value
$
1,263,888

 
$
1,272,493

At September 30, 2018
Amortized Cost
 
Fair Value
(Dollars in Thousands)
 
 
 
Due in one year or less
$
2,532

 
$
2,529

Due after one year through five years
41,415

 
41,504

Due after five years through ten years
352,099

 
350,143

Due after ten years
1,118,283

 
1,089,984

 
1,514,329

 
1,484,160

Mortgage-backed securities
378,301

 
364,065

Common equities and mutual funds(1)
3,172

 
3,800

Total securities at fair value
$
1,895,802

 
$
1,852,025

(1) Equity securities at fair value are included within other assets on the consolidated statement of financial condition at September 30, 2019 and September 30, 2018

HTM Securities at Fair Value
 
 
 
At September 30, 2019
Amortized Cost
 
Fair Value
(Dollars in Thousands)
 
 
 
Due after ten years
$
127,582

 
$
126,287

 
127,582

 
126,287

Mortgage-backed securities
7,182

 
7,183

Total HTM securities at cost
$
134,764

 
$
133,470

At September 30, 2018
Amortized Cost
 
Fair Value
(Dollars in Thousands)
 
 
 
Due after ten years
$
163,893

 
$
153,135

 
163,893

 
153,135

Mortgage-backed securities
7,850

 
7,428

Total HTM securities at cost
$
171,743

 
$
160,563
Summary of Activities Related to Sale of Securities Available for Sale
Activities related to the sale of securities are summarized below. 
Fiscal Year ended
2019
 
2018
 
2017
(Dollars in Thousands)
 
 
 
 
 
Available For Sale
 
 
 
 
 
   Proceeds from sales
$
755,616

 
$
596,758

 
$
457,306

   Gross gains on sales
6,006

 
2,551

 
4,091

   Gross losses on sales
5,277

 
10,728

 
4,628

 Net gain (loss) on available for sale securities
$
729

 
$
(8,177
)
 
$
(537
)
 
 
 
 
 
 
Held To Maturity
 
 
 
 
 
   Net carrying amount of securities sold
$
—

 
$
—

 
$
5,826

   Gross realized gain on sales
—

 
—

 
92

   Gross realized losses on sales
—

 
—

 
48

Net gain on held to maturity securities
$
—

 
$
—

 
$
44