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DIVESTITURES (Tables) | 12 Months Ended
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Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The Company has summarized the results of the transaction below.
(Dollars in Thousands) | Fair Value at February 29, 2020
Cash and cash equivalents | $ | 2,504 |
Loans | 268,584 |
Premises, furniture and equipment | 4,945 |
Other assets | 1,250 |
Total assets | $ | 277,283 |
Deposits | $ | 290,493 |
Other liabilities | 1,720 |
Total liabilities | $ | 292,213 |
Net assets | $ | (14,930) |
Purchase price | 4,345 |
Gain on sale | $ | 19,275 |
The Company has summarized the Community Bank division results for the three months and fiscal year ended September 30, 2020 below.
(Dollars in Thousands) | Community Bank Sold(1) |  | Community Bank Retained(2) |  | Total Community Bank
Three Months Ended September 30, 2020 |  |  |  |  |
Net interest income | $ | — |  |  | $ | 9,045 |  |  | $ | 9,045 |
(Reversal) Provision for loan and lease losses | (2,470) |  |  | 4,370 |  |  | 1,900 |
Noninterest income | — |  |  | 5 |  |  | 5 |
Noninterest expense | 327 |  |  | 2,646 |  |  | 2,973 |
Net income (loss) before income tax expense | $ | 2,143 |  |  | $ | 2,034 |  |  | $ | 4,177 |
Fiscal Year Ended September 30, 2020 |  |  |  |  |
Net interest income | $ | 2,512 |  |  | $ | 34,393 |  |  | $ | 36,905 |
(Reversal) Provision for loan and lease losses | (4,711) |  |  | 18,891 |  |  | 14,180 |
Noninterest income | 19,694 |  |  | (3,468) |  |  | 16,226 |
Noninterest expense | 5,282 |  |  | 7,759 |  |  | 13,041 |
Net income (loss) before income tax expense | $ | 21,635 |  |  | $ | 4,275 |  |  | $ | 25,910 |
(1) Reflects the activity of the assets and liabilities included in the disposal of the Community Bank division through September 30, 2020. (2) Reflects the activity of the retained Community Bank loan portfolio as of September 30, 2020.

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