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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:        
Loans and leases, including fees $ 73,670 $ 17,844 $ 134,168 $ 34,287
Mortgage-backed securities 2,861 4,047 5,559 7,805
Other investments 11,763 11,480 23,543 22,136
Total interest and dividend income 88,294 33,371 163,270 64,228
Interest expense:        
Deposits 14,740 2,957 25,336 4,842
FHLB advances and other borrowings 2,204 3,009 6,312 5,785
Total interest expense 16,944 5,966 31,648 10,627
Net interest income 71,350 27,405 131,622 53,601
Provision for loan and lease losses 33,318 18,343 42,417 19,411
Net interest income after provision for loan and lease losses 38,032 9,062 89,205 34,190
Noninterest income:        
Bank-owned life insurance 631 650 1,273 1,319
Gain (loss) on sale of securities available-for-sale, net (Includes $231 and ($166) reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended March 31, 2019 and 2018, respectively and $209 and ($1,176) for the six months ended March 31, 2019 and 2018, respectively) 231 (166) 209 (1,176)
Gain on sale of loans and leases 1,085 0 1,951 0
Loss on foreclosed real estate (200) 0 (185) (19)
Other income 2,679 414 3,556 516
Total noninterest income 105,025 97,419 142,776 126,687
Noninterest expense:        
Compensation and benefits 49,164 32,172 82,174 54,512
Refund transfer product expense 7,181 9,871 7,191 9,972
Tax advance product expense 2,225 1,474 2,677 1,754
Card processing 6,971 7,190 14,056 13,730
Occupancy and equipment 7,212 4,477 13,670 9,367
Operating lease equipment depreciation 4,485 0 12,251 0
Legal and consulting 4,308 3,239 8,277 5,655
Marketing 585 668 1,124 1,221
Data processing 321 243 758 657
Intangible amortization 5,596 2,731 9,978 4,412
Impairment expense 9,660 0 9,660 0
Other expense 12,546 6,432 22,733 11,259
Total noninterest expense 110,254 68,497 184,549 112,539
Income before income tax expense 32,803 37,984 47,432 48,338
Income tax (benefit) expense (Includes $58 and ($46) reclassified from accumulated other comprehensive loss for the three months ended March 31, 2019 and 2018, respectively and $52 and ($329) for the six months ended March 31, 2019 and 2018, respectively) (395) 6,548 (2,086) 12,232
Net income before noncontrolling interest 33,198 31,436 49,518 36,106
Net income attributable to noncontrolling interest 1,078 0 2,000 0
Net income attributable to parent $ 32,120 $ 31,436 $ 47,518 $ 36,106
Earnings per common share        
Basic (in dollars per share) [1] $ 0.81 $ 1.08 $ 1.21 $ 1.24
Diluted (in dollars per share) [1] $ 0.81 $ 1.08 $ 1.20 $ 1.24
Refund transfer product fees        
Noninterest income:        
Revenue from contract with customer $ 31,601 $ 33,803 $ 31,862 $ 33,995
Tax advance product fees        
Noninterest income:        
Revenue from contract with customer 33,038 33,838 34,723 35,785
Card fees        
Noninterest income:        
Revenue from contract with customer 23,052 26,856 42,403 52,103
Rental income        
Noninterest income:        
Revenue from contract with customer 9,890 0 20,780 0
Total noninterest income 9,890 0 20,780 0
Loan and lease fees        
Noninterest income:        
Revenue from contract with customer 925 1,042 2,173 2,334
Deposit fees        
Noninterest income:        
Revenue from contract with customer $ 2,093 $ 982 $ 4,031 $ 1,830
[1] All share and per share data has been adjusted to reflect the 3-for-1 forward stock split effected by the Company on October 4, 2018.