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LOANS AND LEASES, NET
 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Loans and Leases Receivable Disclosure [Abstract]    
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in Thousands)March 31, 2020September 30, 2019
National Lending
Term lending(1)
$725,581  $641,742  
Asset based lending(1)
250,211  250,465  
Factoring285,495  296,507  
Lease financing(1)
238,788  177,915  
Insurance premium finance332,800  361,105  
SBA/USDA92,000  88,831  
Other commercial finance101,472  99,665  
Commercial finance2,026,347  1,916,230  
Consumer credit products113,544  106,794  
Other consumer finance144,895  161,404  
Consumer finance258,439  268,198  
Tax services95,936  2,240  
Warehouse finance333,829  262,924  
Total National Lending2,714,551  2,449,592  
Community Banking
Commercial real estate and operating654,429  883,932  
Consumer one-to-four family real estate and other205,046  259,425  
Agricultural real estate and operating36,759  58,464  
Total Community Banking896,234  1,201,821  
Total loans and leases3,610,785  3,651,413  
Net deferred loan origination fees (costs)8,139  7,434  
Total gross loans and leases3,618,924  3,658,847  
Allowance for loan and lease losses(65,355) (29,149) 
Total loans and leases, net(2)
$3,553,569  $3,629,698  
(1) The Company has updated the presentation of its loan and lease table beginning in the fiscal 2020 first quarter. The new presentation includes a new category called term lending. Certain balances previously included in the asset based lending and lease financing categories have been reclassified into the new term lending category during the fiscal 2020 first quarter. Prior period balances have been conformed to the new presentation.
(2) As of March 31, 2020, the remaining balance of acquired loans and leases from the acquisition of Crestmark Bancorp, Inc. ("Crestmark") and its bank subsidiary, Crestmark Bank (the "Crestmark Acquisition") was $236.6 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases held for investment were $4.3 million and $2.7 million, respectively, while the remaining balance of the interest rate mark premium related to the acquired loans held for sale was $0.4 million. On August 1, 2018, the Company acquired loans and leases from the Crestmark Acquisition totaling $1.06 billion and recorded related credit and interest rate mark discounts of $12.3 million and $6.0 million, respectively.
During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2019, the Company transferred $39.5 million of consumer credit product loans to held for sale.

During the six months ended March 31, 2020 and 2019, the Company originated $32.2 million and $43.0 million, respectively, of SBA/USDA and consumer credit product loans as held for sale.

The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020. The Company sold held for sale loans resulting in proceeds of $36.5 million and gains on sale of $1.7 million during the six months ended March 31, 2019 .

Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2020201920202019
Loans Purchased
Loans held for sale:
Total National Lending$—  $5,940  $—  $5,940  
Loans held for investment:
Total National Lending89,424  10,621  103,888  125,591  
Total Community Banking9,440  7,432  13,789  18,513  
Total purchases$98,864  $23,933  $117,677  $150,044  
Loans Sold
Loans held for sale:
Total National Lending$17,255  $28,051  $160,290  $34,904  
Total Community Banking271,681  —  271,681  —  
Loans held for investment:
Total Community Banking—  10,479  3,099  10,857  
Total sales$288,936  $38,530  $435,070  $45,761  

Leasing Portfolio
Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) and related ASUs on a modified retrospective basis, electing the practical expedients and optional transition method. As such, the following leasing disclosures include information at, or for the three and six months ended, March 31, 2020.
The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands)March 31, 2020September 30, 2019
Carrying Amount$255,005  $191,733  
Unguaranteed residual assets16,490  13,353  
Unamortized initial direct costs1,769  1,790  
Unearned income(32,707) (27,171) 
Total net investment in direct financing and sales-type leases$240,557  $179,705  

The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $9.2 million at March 31, 2020.
The components of total lease income were as follows:
March 31, 2020
(Dollars in Thousands)Three Months EndedSix Months Ended
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$4,375  $8,462  
Leasing and equipment finance noninterest income
Lease income from operating lease payments11,263  22,466  
Profit (loss) recorded on commencement date on sales-type leases16  487  
Other(1)
1,831  2,581  
Total leasing and equipment finance noninterest income13,110  25,534  
Total lease income$17,485  $33,996  
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:
(Dollars in Thousands)
Remaining in 2020$46,751  
202181,458  
202261,177  
202337,755  
202420,933  
Thereafter6,931  
Equipment under leases not yet commenced—  
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases255,005  
Third-party residual value guarantees—  
Total carrying amount of direct financing and sales-type leases$255,005  

The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2020.

During the Company's fiscal 2020 second quarter, the COVID-19 pandemic began impacting global and US markets and macroeconomic conditions. Although the effect of the pandemic on the Company's loan and lease portfolio is difficult to predict at this time, management performed an evaluation of the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses. The framework for the analysis was based on the Company's current allowance for loan and lease losses ("ALLL") methodology with additional considerations. From this impact assessment, additional reserve levels were estimated by increasing historical loss rate expectations and qualitative factors. Borrowers within certain industries were considered higher risk for credit loss (e.g. transportation, hospitality, travel, entertainment and retail).

Based on the Company's assessment of the COVID-19 pandemic, the Company recognized an additional provision for loan and lease losses of $15.8 million. The Company will continue to assess the impact to their customers and businesses as a result of COVID-19 and refine their estimate as more information becomes available.
Activity in the allowance for loan and lease losses and balances of loans and leases by portfolio segment for each of the three and six months ended was as follows:
Three Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $6,750  $5,679  $(877) $95  $11,647  
Asset based lending1,995  803  —  28  2,826  
Factoring3,548  1,231  (345) 10  4,444  
Lease financing1,695  1,043  (152) 97  2,683  
Insurance premium finance970  1,935  (789) 26  2,142  
SBA/USDA765  910  (117) —  1,558  
Other commercial finance160  392  —  —  552  
Commercial finance15,883  11,993  (2,280) 256  25,852  
Consumer credit products1,107  (25) —  —  1,082  
Other consumer finance4,889  (1,308) (907) 740  3,414  
Consumer finance5,996  (1,333) (907) 740  4,496  
Tax services1,650  19,596  —  74  21,320  
Warehouse finance269  65  —  —  334  
Total National Lending23,798  30,321  (3,187) 1,070  52,002  
Community Banking
Commercial real estate and operating4,665  5,404  —  —  10,069  
Consumer one-to-four family real estate and other1,031  1,319  —  —  2,350  
Agricultural real estate and operating682  252  —  —  934  
Total Community Banking6,378  6,975  —  —  13,353  
Total$30,176  $37,296  $(3,187) $1,070  $65,355  

Six Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending$5,533  $9,081  $(3,172) $205  $11,647  
Asset based lending2,437  342  —  47  2,826  
Factoring3,261  1,489  (735) 429  4,444  
Lease financing1,275  1,546  (367) 229  2,683  
Insurance premium finance1,024  2,076  (1,074) 116  2,142  
SBA/USDA383  1,292  (117) —  1,558  
Other commercial finance683  (131) —  —  552  
Commercial finance14,596  15,695  (5,465) 1,026  25,852  
Consumer credit products1,044  38  —  —  1,082  
Other consumer finance5,118  (833) (1,640) 769  3,414  
Consumer finance6,162  (795) (1,640) 769  4,496  
Tax services—  20,507  —  813  21,320  
Warehouse finance263  71  —  —  334  
Total National Lending21,021  35,478  (7,105) 2,608  52,002  
Community Banking
Commercial real estate and operating6,208  3,861  —  —  10,069  
Consumer one-to-four family real estate and other1,053  1,297  —  —  2,350  
Agricultural real estate and operating867  67  —  —  934  
Total Community Banking8,128  5,225  —  —  13,353  
Total$29,149  $40,703  $(7,105) $2,608  $65,355  
Three Months Ended March 31, 2019
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending$1,835  $1,654  $(453) $85  $3,121  
Asset based lending775  634  —  1  1,410  
Factoring1,062  1,799  (1,125) 25  1,761  
Lease financing539  748  (591) 237  933  
Insurance premium finance972  1,797  (1,877) 27  919  
SBA/USDA253  221  —  —  474  
Other commercial finance291  234  —  —  525  
Commercial finance5,727  7,087  (4,046) 375  9,143  
Consumer credit products1,151  163  —  —  1,314  
Other consumer finance4,222  3,336  (2,456) 28  5,130  
Consumer finance5,373  3,499  (2,456) 28  6,444  
Tax services1,546  22,473  (1) 84  24,102  
Warehouse finance176  9  —  —  185  
Total National Lending12,822  33,068  (6,503) 487  39,874  
Community Banking
Commercial real estate and operating6,570  103  —  —  6,673  
Consumer one-to-four family real estate and other719  259  (20) —  958  
Agricultural real estate and operating1,179  (112) —  100  1,167  
Total Community Banking8,468  250  (20) 100  8,798  
Total$21,290  $33,318  $(6,523) $587  $48,672  

Six Months Ended March 31, 2019
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $89  $2,364  $(781) $1,449  $3,121  
Asset based lending47  1,358  —  5  1,410  
Factoring64  3,022  (1,375) 50  1,761  
Lease financing30  1,348  (943) 498  933  
Insurance premium finance1,031  1,890  (2,085) 83  919  
SBA/USDA13  461  —  —  474  
Other commercial finance28  497  —  —  525  
Commercial finance1,302  10,940  (5,184) 2,085  9,143  
Consumer credit products785  529  —  —  1,314  
Other consumer finance2,820  6,359  (4,079) 30  5,130  
Consumer finance3,605  6,888  (4,079) 30  6,444  
Tax services—  23,969  (43) 176  24,102  
Warehouse finance65  461,000  —  —  185  
Total National Lending4,972  41,917  (9,306) 2,291  39,874  
Community Banking
Commercial real estate and operating6,220  453  —  —  6,673  
Consumer one-to-four family real estate and other632  346  (20) —  958  
Agricultural real estate and operating1,216  (299) —  250  1,167  
Total Community Banking8,068  500  (20) 250  8,798  
Total$13,040  $42,417  $(9,326) $2,541  $48,672  
The following tables provide details regarding the allowance for loan and lease losses and balance by type of allowance:

AllowanceLoans and Leases
Recorded InvestmentEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotalEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotal
As of March 31, 2020(Dollars in Thousands)
National Lending
Term lending$1,883  $9,764  $11,647  $27,538  $698,043  $725,581  
Asset based lending—  2,826  2,826  —  250,211  250,211  
Factoring561  3,883  4,444  5,989  279,506  285,495  
Lease financing395  2,288  2,683  2,072  236,716  238,788  
Insurance premium finance—  2,142  2,142  —  332,800  332,800  
SBA/USDA1,164  394  1,558  3,553  88,447  92,000  
Other commercial finance—  552  552  —  101,472  101,472  
Commercial finance4,003  21,849  25,852  39,152  1,987,195  2,026,347  
Consumer credit products—  1,082  1,082  —  113,544  113,544  
Other consumer finance—  3,414  3,414  1,910  142,985  144,895  
Consumer finance—  4,496  4,496  1,910  256,529  258,439  
Tax services—  21,320  21,320  —  95,936  95,936  
Warehouse finance—  334  334  —  333,829  333,829  
Total National Lending4,003  47,999  52,002  41,062  2,673,489  2,714,551  
Community Banking
Commercial real estate and operating55  10,014  10,069  399  654,030  654,429  
Consumer one-to-four family real estate and other—  2,350  2,350  108  204,938  205,046  
Agricultural real estate and operating—  934  934  2,437  34,322  36,759  
Total Community Banking55  13,298  13,353  2,944  893,290  896,234  
Total$4,058  $61,297  $65,355  $44,006  $3,566,779  $3,610,785  
AllowanceLoans and Leases
Recorded InvestmentEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotalEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotal
As of September 30, 2019(Dollars in Thousands)
National Lending
Term lending$450  $5,083  $5,533  $19,568  $622,174  $641,742  
Asset based lending—  2,437  2,437  378  250,087  250,465  
Factoring1,262  1,999  3,261  3,824  292,683  296,507  
Lease financing112  1,163  1,275  1,213  176,702  177,915  
Insurance premium finance—  1,024  1,024  —  361,105  361,105  
SBA/USDA51  332  383  3,841  84,990  88,831  
Other commercial finance—  683  683  —  99,665  99,665  
Commercial finance1,875  12,721  14,596  28,824  1,887,406  1,916,230  
Consumer credit products—  1,044  1,044  —  106,794  106,794  
Other consumer finance—  5,118  5,118  1,472  159,932  161,404  
Consumer finance—  6,162  6,162  1,472  266,726  268,198  
Tax services—  —  —  —  2,240  2,240  
Warehouse finance—  263  263  —  262,924  262,924  
Total National Lending1,875  19,146  21,021  30,296  2,419,296  2,449,592  
Community Banking
Commercial real estate and operating—  6,208  6,208  258  883,674  883,932  
Consumer one-to-four family real estate and other—  1,053  1,053  100  259,325  259,425  
Agricultural real estate and operating—  867  867  2,985  55,479  58,464  
Total Community Banking—  8,128  8,128  3,343  1,198,478  1,201,821  
Total$1,875  $27,274  $29,149  $33,639  $3,617,774  $3,651,413  
 LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in Thousands)March 31, 2020September 30, 2019
National Lending
Term lending(1)
$725,581  $641,742  
Asset based lending(1)
250,211  250,465  
Factoring285,495  296,507  
Lease financing(1)
238,788  177,915  
Insurance premium finance332,800  361,105  
SBA/USDA92,000  88,831  
Other commercial finance101,472  99,665  
Commercial finance2,026,347  1,916,230  
Consumer credit products113,544  106,794  
Other consumer finance144,895  161,404  
Consumer finance258,439  268,198  
Tax services95,936  2,240  
Warehouse finance333,829  262,924  
Total National Lending2,714,551  2,449,592  
Community Banking
Commercial real estate and operating654,429  883,932  
Consumer one-to-four family real estate and other205,046  259,425  
Agricultural real estate and operating36,759  58,464  
Total Community Banking896,234  1,201,821  
Total loans and leases3,610,785  3,651,413  
Net deferred loan origination fees (costs)8,139  7,434  
Total gross loans and leases3,618,924  3,658,847  
Allowance for loan and lease losses(65,355) (29,149) 
Total loans and leases, net(2)
$3,553,569  $3,629,698  
(1) The Company has updated the presentation of its loan and lease table beginning in the fiscal 2020 first quarter. The new presentation includes a new category called term lending. Certain balances previously included in the asset based lending and lease financing categories have been reclassified into the new term lending category during the fiscal 2020 first quarter. Prior period balances have been conformed to the new presentation.
(2) As of March 31, 2020, the remaining balance of acquired loans and leases from the acquisition of Crestmark Bancorp, Inc. ("Crestmark") and its bank subsidiary, Crestmark Bank (the "Crestmark Acquisition") was $236.6 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases held for investment were $4.3 million and $2.7 million, respectively, while the remaining balance of the interest rate mark premium related to the acquired loans held for sale was $0.4 million. On August 1, 2018, the Company acquired loans and leases from the Crestmark Acquisition totaling $1.06 billion and recorded related credit and interest rate mark discounts of $12.3 million and $6.0 million, respectively.
During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2019, the Company transferred $39.5 million of consumer credit product loans to held for sale.

During the six months ended March 31, 2020 and 2019, the Company originated $32.2 million and $43.0 million, respectively, of SBA/USDA and consumer credit product loans as held for sale.

The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020. The Company sold held for sale loans resulting in proceeds of $36.5 million and gains on sale of $1.7 million during the six months ended March 31, 2019 .

Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2020201920202019
Loans Purchased
Loans held for sale:
Total National Lending$—  $5,940  $—  $5,940  
Loans held for investment:
Total National Lending89,424  10,621  103,888  125,591  
Total Community Banking9,440  7,432  13,789  18,513  
Total purchases$98,864  $23,933  $117,677  $150,044  
Loans Sold
Loans held for sale:
Total National Lending$17,255  $28,051  $160,290  $34,904  
Total Community Banking271,681  —  271,681  —  
Loans held for investment:
Total Community Banking—  10,479  3,099  10,857  
Total sales$288,936  $38,530  $435,070  $45,761  

Leasing Portfolio
Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) and related ASUs on a modified retrospective basis, electing the practical expedients and optional transition method. As such, the following leasing disclosures include information at, or for the three and six months ended, March 31, 2020.
The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands)March 31, 2020September 30, 2019
Carrying Amount$255,005  $191,733  
Unguaranteed residual assets16,490  13,353  
Unamortized initial direct costs1,769  1,790  
Unearned income(32,707) (27,171) 
Total net investment in direct financing and sales-type leases$240,557  $179,705  

The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $9.2 million at March 31, 2020.
The components of total lease income were as follows:
March 31, 2020
(Dollars in Thousands)Three Months EndedSix Months Ended
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$4,375  $8,462  
Leasing and equipment finance noninterest income
Lease income from operating lease payments11,263  22,466  
Profit (loss) recorded on commencement date on sales-type leases16  487  
Other(1)
1,831  2,581  
Total leasing and equipment finance noninterest income13,110  25,534  
Total lease income$17,485  $33,996  
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:
(Dollars in Thousands)
Remaining in 2020$46,751  
202181,458  
202261,177  
202337,755  
202420,933  
Thereafter6,931  
Equipment under leases not yet commenced—  
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases255,005  
Third-party residual value guarantees—  
Total carrying amount of direct financing and sales-type leases$255,005  

The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2020.

During the Company's fiscal 2020 second quarter, the COVID-19 pandemic began impacting global and US markets and macroeconomic conditions. Although the effect of the pandemic on the Company's loan and lease portfolio is difficult to predict at this time, management performed an evaluation of the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses. The framework for the analysis was based on the Company's current allowance for loan and lease losses ("ALLL") methodology with additional considerations. From this impact assessment, additional reserve levels were estimated by increasing historical loss rate expectations and qualitative factors. Borrowers within certain industries were considered higher risk for credit loss (e.g. transportation, hospitality, travel, entertainment and retail).

Based on the Company's assessment of the COVID-19 pandemic, the Company recognized an additional provision for loan and lease losses of $15.8 million. The Company will continue to assess the impact to their customers and businesses as a result of COVID-19 and refine their estimate as more information becomes available.
Activity in the allowance for loan and lease losses and balances of loans and leases by portfolio segment for each of the three and six months ended was as follows:
Three Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $6,750  $5,679  $(877) $95  $11,647  
Asset based lending1,995  803  —  28  2,826  
Factoring3,548  1,231  (345) 10  4,444  
Lease financing1,695  1,043  (152) 97  2,683  
Insurance premium finance970  1,935  (789) 26  2,142  
SBA/USDA765  910  (117) —  1,558  
Other commercial finance160  392  —  —  552  
Commercial finance15,883  11,993  (2,280) 256  25,852  
Consumer credit products1,107  (25) —  —  1,082  
Other consumer finance4,889  (1,308) (907) 740  3,414  
Consumer finance5,996  (1,333) (907) 740  4,496  
Tax services1,650  19,596  —  74  21,320  
Warehouse finance269  65  —  —  334  
Total National Lending23,798  30,321  (3,187) 1,070  52,002  
Community Banking
Commercial real estate and operating4,665  5,404  —  —  10,069  
Consumer one-to-four family real estate and other1,031  1,319  —  —  2,350  
Agricultural real estate and operating682  252  —  —  934  
Total Community Banking6,378  6,975  —  —  13,353  
Total$30,176  $37,296  $(3,187) $1,070  $65,355  

Six Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending$5,533  $9,081  $(3,172) $205  $11,647  
Asset based lending2,437  342  —  47  2,826  
Factoring3,261  1,489  (735) 429  4,444  
Lease financing1,275  1,546  (367) 229  2,683  
Insurance premium finance1,024  2,076  (1,074) 116  2,142  
SBA/USDA383  1,292  (117) —  1,558  
Other commercial finance683  (131) —  —  552  
Commercial finance14,596  15,695  (5,465) 1,026  25,852  
Consumer credit products1,044  38  —  —  1,082  
Other consumer finance5,118  (833) (1,640) 769  3,414  
Consumer finance6,162  (795) (1,640) 769  4,496  
Tax services—  20,507  —  813  21,320  
Warehouse finance263  71  —  —  334  
Total National Lending21,021  35,478  (7,105) 2,608  52,002  
Community Banking
Commercial real estate and operating6,208  3,861  —  —  10,069  
Consumer one-to-four family real estate and other1,053  1,297  —  —  2,350  
Agricultural real estate and operating867  67  —  —  934  
Total Community Banking8,128  5,225  —  —  13,353  
Total$29,149  $40,703  $(7,105) $2,608  $65,355  
Three Months Ended March 31, 2019
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending$1,835  $1,654  $(453) $85  $3,121  
Asset based lending775  634  —  1  1,410  
Factoring1,062  1,799  (1,125) 25  1,761  
Lease financing539  748  (591) 237  933  
Insurance premium finance972  1,797  (1,877) 27  919  
SBA/USDA253  221  —  —  474  
Other commercial finance291  234  —  —  525  
Commercial finance5,727  7,087  (4,046) 375  9,143  
Consumer credit products1,151  163  —  —  1,314  
Other consumer finance4,222  3,336  (2,456) 28  5,130  
Consumer finance5,373  3,499  (2,456) 28  6,444  
Tax services1,546  22,473  (1) 84  24,102  
Warehouse finance176  9  —  —  185  
Total National Lending12,822  33,068  (6,503) 487  39,874  
Community Banking
Commercial real estate and operating6,570  103  —  —  6,673  
Consumer one-to-four family real estate and other719  259  (20) —  958  
Agricultural real estate and operating1,179  (112) —  100  1,167  
Total Community Banking8,468  250  (20) 100  8,798  
Total$21,290  $33,318  $(6,523) $587  $48,672  

Six Months Ended March 31, 2019
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $89  $2,364  $(781) $1,449  $3,121  
Asset based lending47  1,358  —  5  1,410  
Factoring64  3,022  (1,375) 50  1,761  
Lease financing30  1,348  (943) 498  933  
Insurance premium finance1,031  1,890  (2,085) 83  919  
SBA/USDA13  461  —  —  474  
Other commercial finance28  497  —  —  525  
Commercial finance1,302  10,940  (5,184) 2,085  9,143  
Consumer credit products785  529  —  —  1,314  
Other consumer finance2,820  6,359  (4,079) 30  5,130  
Consumer finance3,605  6,888  (4,079) 30  6,444  
Tax services—  23,969  (43) 176  24,102  
Warehouse finance65  461,000  —  —  185  
Total National Lending4,972  41,917  (9,306) 2,291  39,874  
Community Banking
Commercial real estate and operating6,220  453  —  —  6,673  
Consumer one-to-four family real estate and other632  346  (20) —  958  
Agricultural real estate and operating1,216  (299) —  250  1,167  
Total Community Banking8,068  500  (20) 250  8,798  
Total$13,040  $42,417  $(9,326) $2,541  $48,672  
The following tables provide details regarding the allowance for loan and lease losses and balance by type of allowance:

AllowanceLoans and Leases
Recorded InvestmentEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotalEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotal
As of March 31, 2020(Dollars in Thousands)
National Lending
Term lending$1,883  $9,764  $11,647  $27,538  $698,043  $725,581  
Asset based lending—  2,826  2,826  —  250,211  250,211  
Factoring561  3,883  4,444  5,989  279,506  285,495  
Lease financing395  2,288  2,683  2,072  236,716  238,788  
Insurance premium finance—  2,142  2,142  —  332,800  332,800  
SBA/USDA1,164  394  1,558  3,553  88,447  92,000  
Other commercial finance—  552  552  —  101,472  101,472  
Commercial finance4,003  21,849  25,852  39,152  1,987,195  2,026,347  
Consumer credit products—  1,082  1,082  —  113,544  113,544  
Other consumer finance—  3,414  3,414  1,910  142,985  144,895  
Consumer finance—  4,496  4,496  1,910  256,529  258,439  
Tax services—  21,320  21,320  —  95,936  95,936  
Warehouse finance—  334  334  —  333,829  333,829  
Total National Lending4,003  47,999  52,002  41,062  2,673,489  2,714,551  
Community Banking
Commercial real estate and operating55  10,014  10,069  399  654,030  654,429  
Consumer one-to-four family real estate and other—  2,350  2,350  108  204,938  205,046  
Agricultural real estate and operating—  934  934  2,437  34,322  36,759  
Total Community Banking55  13,298  13,353  2,944  893,290  896,234  
Total$4,058  $61,297  $65,355  $44,006  $3,566,779  $3,610,785  
AllowanceLoans and Leases
Recorded InvestmentEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotalEnding balance: individually evaluated for impairmentEnding balance: collectively evaluated for impairmentTotal
As of September 30, 2019(Dollars in Thousands)
National Lending
Term lending$450  $5,083  $5,533  $19,568  $622,174  $641,742  
Asset based lending—  2,437  2,437  378  250,087  250,465  
Factoring1,262  1,999  3,261  3,824  292,683  296,507  
Lease financing112  1,163  1,275  1,213  176,702  177,915  
Insurance premium finance—  1,024  1,024  —  361,105  361,105  
SBA/USDA51  332  383  3,841  84,990  88,831  
Other commercial finance—  683  683  —  99,665  99,665  
Commercial finance1,875  12,721  14,596  28,824  1,887,406  1,916,230  
Consumer credit products—  1,044  1,044  —  106,794  106,794  
Other consumer finance—  5,118  5,118  1,472  159,932  161,404  
Consumer finance—  6,162  6,162  1,472  266,726  268,198  
Tax services—  —  —  —  2,240  2,240  
Warehouse finance—  263  263  —  262,924  262,924  
Total National Lending1,875  19,146  21,021  30,296  2,419,296  2,449,592  
Community Banking
Commercial real estate and operating—  6,208  6,208  258  883,674  883,932  
Consumer one-to-four family real estate and other—  1,053  1,053  100  259,325  259,425  
Agricultural real estate and operating—  867  867  2,985  55,479  58,464  
Total Community Banking—  8,128  8,128  3,343  1,198,478  1,201,821  
Total$1,875  $27,274  $29,149  $33,639  $3,617,774  $3,651,413