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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:      
Net income $ 101,316 $ 52,293 $ 44,917
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 55,149 37,722 45,048
Stock compensation 12,942 11,123 10,393
Provision (recovery):      
Loan and lease losses 55,650 29,432 10,589
Deferred taxes (14,301) 6,530 (6,286)
Loans held for sale:      
Originations (171,260) (1,691) (685,934)
Purchases (15,443) 0 0
Proceeds from sales 125,357 17,621 685,934
Net change 31,819 952 0
Fair value adjustment of foreclosed real estate 139 29 18
Net realized (gain) loss:      
Other assets (89) 127 406
Foreclosed real estate or other assets 278 19 6
Available for sale securities, net (729) 8,177 537
Held to maturity securities, net 0 0 (44)
Loans held for sale (5,089) (181) 0
Lease receivables and equipment (2,930) (526) 0
Net change:      
Other assets (5,427) 2,633 (23,408)
Accrued interest payable 1,620 1,933 1,405
Accrued expenses and other liabilities 16,623 (28,610) 30,806
Accrued interest receivable 1,616 2,745 (2,181)
Impairment on rental equipment 6,194 0 0
Change in bank-owned life insurance value (2,534) (2,591) (2,216)
Impairment of intangibles 111 18 10,248
Excess contingent consideration paid 0 0 (248)
Net cash provided by operating activities 191,012 137,755 119,990
Available for Sale securities:      
Purchases (299,269) (626,575) (848,613)
Proceeds from sales 755,616 596,758 457,306
Proceeds from maturities and principal repayments 164,044 162,118 126,420
Held to Maturity:      
Purchases 0 0 (932)
Proceeds from sales 0 0 5,870
Proceeds from maturities and principal repayments 35,025 40,525 45,615
Bank Owned Life Insurance:      
Purchases 0 0 (25,000)
Loans and leases:      
Purchases (262,622) (165,670) (141,403)
Proceeds from sales 13,838 22,611 4,720
Net change (591,785) (493,381) (274,840)
Proceeds from sales of foreclosed real estate or other assets 1,905 244 200
Federal Home Loan Bank stock:      
Purchases (878,316) (961,124) (715,891)
Redemption 870,800 998,880 702,280
Rental Equipment:      
Purchases (144,432) (1,848) 0
Proceeds from sales 8,301 2,362 0
Net change 1,567 (15,000) 0
Premises and equipment:      
Purchases (13,971) (8,542) (6,798)
Proceeds from sales 101 0 58
Cash paid for acquisitions 0 (6) (29,425)
Cash received upon acquisitions 0 58,858 0
Net cash used in investing activities (339,198) (389,790) (700,433)
Cash flows from financing activities:      
Checking, savings, and money market deposits 48,897 7 319,524
Time deposits (167,044) (143,096) (2,355)
Wholesale deposits 26,014 229,982 476,173
FHLB and other borrowings 275,000 (415,000) 308,000
Federal funds 55,000 (565,000) (5,000)
Securities sold under agreements to repurchase 325 1,222 (565)
Short-term borrowings 0 (11,642) 0
Net investment by (distribution to) noncontrolling interests (3,839) (266) 0
Proceeds from other liabilities 7,916 0 0
Principal payments: Other liabilities (11,691) (4,888) 0
Principal payments: Capital lease obligations (88) (62) (80)
Cash dividends paid (7,760) (5,736) (4,839)
Purchase of shares by ESOP 2,011 1,606 1,174
Issuance of restricted stock 3 4 12
Proceeds from exercise of stock options & issuance of common stock 44 148 650
Shares repurchased (49,912) (2,598) (470)
Contingent consideration - cash paid 0 0 (17,253)
Redemption of long-term borrowings 0 (258) 0
Payment of debt extinguishment costs 0 0 (772)
Net cash provided by (used in) financing activities 174,876 (915,577) 1,074,199
Effect of exchange rate changes on cash (122) 3 0
Net change in cash and cash equivalents 26,568 (1,167,609) 493,756
Cash and cash equivalents at beginning of fiscal year 99,977 1,267,586 773,830
Cash and cash equivalents at end of fiscal year 126,545 99,977 1,267,586
Supplemental disclosure of cash flow information      
Interest 59,902 33,499 16,278
Income taxes (2,821) 8,946 20,058
Franchise taxes 223 160 187
Other taxes 557 206 290
Transfers      
Loans and leases to foreclosed real estate or other assets 0 30,451 440
Loans and leases to rental equipment 0 9 0
Rental equipment to loans and leases 210 993 0
Loans and leases to held for sale 99,992 15,068 0
Contingent consideration - equity 0 0 24,142
Stock issued for acquisitions 0 295,767 37,296
Purchase/Sales of investment securities accrued, not settled Available for sale purchases 0 1,430 0
Securities transferred from held to maturity to available for sale 0 346,771 0
Transfer of Short and Long Term Debt From Other Liabilities $ 20,026 $ 0 $ 0