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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income:        
Loans and leases, including fees $ 69,732 $ 19,056 $ 203,900 $ 53,344
Mortgage-backed securities 3,063 3,950 8,622 11,755
Other investments 8,837 11,098 32,380 33,234
Total interest and dividend income 81,632 34,104 244,902 98,333
Interest expense:        
Deposits 10,395 2,264 35,731 7,106
FHLB advances and other borrowings 4,269 3,429 10,581 9,215
Total interest expense 14,664 5,693 46,312 16,321
Net interest income 66,968 28,411 198,590 82,012
Provision for loan and lease losses 9,112 5,315 51,529 24,726
Net interest income after provision for loan and lease losses 57,856 23,096 147,061 57,286
Noninterest income:        
Bank-owned life insurance 628 633 1,901 1,952
Gain (loss) on sale of securities available-for-sale, net (Includes $440 and ($22) reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended June 30, 2019 and 2018, respectively and $649 and ($1,198) for the nine months ended June 30, 2019 and 2018, respectively) 440 (22) 649 (1,198)
Gain on sale of loans and leases 1,913 0 3,865 0
Loss on foreclosed real estate 0 0 (185) (19)
Other income 1,808 250 5,363 766
Total noninterest income 43,790 33,225 186,565 159,912
Noninterest expense:        
Compensation and benefits 35,176 24,439 117,350 78,951
Refund transfer product expense 287 1,694 7,478 11,665
Tax advance product expense 425 (19) 3,101 1,736
Card processing 4,613 7,068 18,670 20,798
Occupancy and equipment 7,136 4,720 20,806 14,087
Operating lease equipment depreciation 6,029 0 18,280 0
Legal and consulting 4,065 2,781 12,341 8,436
Marketing 368 416 1,493 1,637
Data processing 260 301 1,018 958
Intangible amortization 4,374 1,664 14,352 6,077
Impairment expense 0 0 9,660 0
Other expense 9,735 5,988 32,467 17,247
Total noninterest expense 72,468 49,053 257,016 161,592
Income before income tax expense 29,178 7,268 76,610 55,606
Income tax (benefit) expense (Includes $110 and ($6) reclassified from accumulated other comprehensive loss for the three months ended June 30, 2019 and 2018, respectively and $162 and ($335) for the nine months ended June 30, 2019 and 2018, respectively) (1,158) 476 (3,244) 12,708
Net income before noncontrolling interest 30,336 6,792 79,854 42,898
Net income attributable to noncontrolling interest 1,045 0 3,045 0
Net income attributable to parent $ 29,291 $ 6,792 $ 76,809 $ 42,898
Earnings per common share        
Basic (in dollars per share) [1] $ 0.75 $ 0.23 $ 1.96 $ 1.48
Diluted (in dollars per share) [1] $ 0.75 $ 0.23 $ 1.95 $ 1.47
Refund transfer product fees        
Noninterest income:        
Revenue from contract with customer $ 6,697 $ 7,358 $ 38,559 $ 41,353
Tax advance product fees        
Noninterest income:        
Revenue from contract with customer 34 (46) 34,757 35,739
Card fees        
Noninterest income:        
Revenue from contract with customer 19,537 22,807 61,939 74,910
Rental income        
Noninterest income:        
Revenue from contract with customer 9,386 0 30,167 0
Total noninterest income 9,386 0 30,167 0
Loan and lease fees        
Noninterest income:        
Revenue from contract with customer 1,012 1,111 3,185 3,445
Deposit fees        
Noninterest income:        
Revenue from contract with customer $ 2,335 $ 1,134 $ 6,365 $ 2,964
[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.