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PARENT COMPANY FINANCIAL STATEMENTS (Tables)
12 Months Ended
Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Financial Condition
CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30,20202019
(Dollars in Thousands)
ASSETS
Cash and cash equivalents$4,783 $8,111 
Investment securities held to maturity, at cost1,208 411 
Investment in subsidiaries933,431 933,196 
Other assets3,308 159 
Total assets$942,730 $941,877 
LIABILITIES AND STOCKHOLDERS' EQUITY  
LIABILITIES  
Long-term borrowings$87,468 $87,305 
Other liabilities7,954 10,614 
Total liabilities$95,422 $97,919 
STOCKHOLDERS' EQUITY  
Common stock$344 $378 
Additional paid-in capital594,569 580,826 
Retained earnings234,927 252,813 
Accumulated other comprehensive income (loss)17,542 6,339 
Treasury stock, at cost(3,677)(445)
Total equity attributable to parent843,705 839,911 
Noncontrolling interest3,603 4,047 
Total stockholders' equity847,308 843,958 
Total liabilities and stockholders' equity$942,730 $941,877 
Condensed Statements of Operations
CONDENSED STATEMENTS OF OPERATIONS
Fiscal Years Ended September 30,202020192018
(Dollars in Thousands)
Interest expense$5,168 $5,296 $5,061 
Other expense1,256 1,044 663 
Total expense6,424 6,340 5,724 
Loss before income taxes and equity in undistributed net income of subsidiaries(6,424)(6,340)(5,724)
Income tax (benefit)(3,638)(1,374)(1,504)
Loss before equity in undistributed net income of subsidiaries(2,786)(4,966)(4,220)
Equity in undistributed net income of subsidiaries107,476 101,970 55,840 
Other income30 — — 
Total Income107,506 101,970 55,840 
Net income attributable to parent$104,720 $97,004 $51,620 
Condensed Statements of Cash Flows
CONDENSED STATEMENTS OF CASH FLOWS
For the Fiscal Years Ended September 30,202020192018
(Dollars in Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income attributable to parent$104,720 $97,004 $51,620 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net163 153 143 
Equity in undistributed net income of subsidiaries(107,476)(101,970)(55,840)
Stock compensation10,221 12,942 11,123 
Net change:
Other assets(3,149)(35)232 
Accrued expenses and other liabilities(2,660)(6,468)(860)
Cash dividend received118,000 33,980 45,315 
Net cash provided by operating activities119,819 35,606 51,733 
CASH FLOWS FROM INVESTING ACTIVITIES
Held to maturity:
Proceeds from maturities and principal repayments— — 
Capital contributions to subsidiaries— — (20,322)
Alternative Investments(797)— — 
Net cash (used in) investing activities(797)— (20,314)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid(7,100)(7,760)(5,736)
Payment:
Short-term borrowings— — (11,642)
Long-term borrowings— — (258)
Purchase of shares by ESOP3,220 2,011 1,606 
Proceeds/(payment):
Exercise of stock options & issuance of common stock266 44 148 
Issuance of restricted stock
Issuance of commons shares due to acquisitions— — 295,767 
Cash acquired due to acquisitions— — 697 
Net increase in investment in subsidiaries— (90)(295,767)
Shares repurchased for tax withholdings on stock compensation(118,738)(49,912)(2,598)
Net cash provided by (used in) financing activities(122,350)(55,704)(17,779)
Net change in cash and cash equivalents$(3,328)$(20,098)$13,640 
CASH AND CASH EQUIVALENTS  
Beginning of fiscal year8,111 28,209 14,569 
End of fiscal year$4,783 $8,111 $28,209