XML 36 R31.htm IDEA: XBRL DOCUMENT v3.20.1

SECURITIES (Tables)

6 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.

(Dollars in Thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized (Losses)						Fair Value
At March 31, 2020
Debt securities AFS
SBA securities			$	168,697					$	4,569					$	(20)					$	173,246
Obligations of states and political subdivisions			858						14						—						872
Non-bank qualified obligations of states and political subdivisions			341,080						5,587						(497)						346,170
Asset-backed securities			339,135						—						(18,898)						320,237
Mortgage-backed securities			342,735						12,359						—						355,094
Total debt securities AFS			$	1,192,505					$	22,529					$	(19,415)					$	1,195,619

(Dollars in Thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized (Losses)						Fair Value
At September 30, 2019
Debt securities AFS
SBA securities			$	182,327					$	3,655					$	—					$	185,982
Obligations of states and political subdivisions			858						16						—						874
Non-bank qualified obligations of states and political subdivisions			396,430						5,030						(903)						400,557
Asset-backed securities			305,603						262						(3,331)						302,534
Mortgage-backed securities			378,670						5,731						(1,855)						382,546
Total debt securities AFS			$	1,263,888					$	14,694					$	(6,089)					$	1,272,493

Securities Held to Maturity

(Dollars in Thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized (Losses)						Fair Value
At March 31, 2020
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions			$	108,105					$	187					$	(767)					$	107,525
Mortgage-backed securities			6,752						128						—						6,880
Total debt securities HTM			$	114,857					$	315					$	(767)					$	114,405

(Dollars in Thousands)			Amortized Cost						Gross Unrealized Gain						Gross Unrealized (Losses)						Fair Value
At September 30, 2019
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions			$	127,582					$	108					$	(1,403)					$	126,287
Mortgage-backed securities			7,182						14						(13)						7,183
Total debt securities HTM			$	134,764					$	122					$	(1,416)					$	133,470

Debt Securities, Trading, and Equity Securities, FV-NI

Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

			LESS THAN 12 MONTHS																		OVER 12 MONTHS																		TOTAL
(Dollars in Thousands)			Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)
At March 31, 2020
Debt securities AFS
SBA securities			$	19,536					$	(20)					$	—					$	—					$	19,536					$	(20)
Non-bank qualified obligations of states and political subdivisions			27,484						(37)						46,259						(460)						73,743						(497)
Asset-backed securities			196,361						(7,499)						123,876						(11,399)						320,237						(18,898)
Total debt securities AFS			$	243,381					$	(7,556)					$	170,135					$	(11,859)					$	413,516					$	(19,415)

			LESS THAN 12 MONTHS																		OVER 12 MONTHS																		TOTAL
(Dollars in Thousands)			Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)
At September 30, 2019
Debt securities AFS
SBA securities			$	10,262					$	—					$	—					$	—					$	10,262					$	—
Non-bank qualified obligations of states and political subdivisions			66,326						(177)						55,428						(726)						121,754						(903)
Asset-backed securities			158,176						(1,823)						93,259						(1,508)						251,435						(3,331)
Mortgage-backed securities			1,713						(1)						89,634						(1,854)						91,347						(1,855)
Total debt securities AFS			$	236,477					$	(2,001)					$	238,321					$	(4,088)					$	474,798					$	(6,089)

Schedule of Unrealized Loss on Investments

			LESS THAN 12 MONTHS																		OVER 12 MONTHS																		TOTAL
(Dollars in Thousands)			Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)
At March 31, 2020
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions			$	—					$	—					$	92,418					$	(767)					$	92,418					$	(767)
Total debt securities HTM			$	—					$	—					$	92,418					$	(767)					$	92,418					$	(767)

			LESS THAN 12 MONTHS																		OVER 12 MONTHS																		TOTAL
(Dollars in Thousands)			Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)						Fair Value						Unrealized (Losses)
At September 30, 2019
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions			$	5,967					$	(6)					$	109,368					$	(1,397)					$	115,335					$	(1,403)
Mortgage-backed securities			1,471						—						1,803						(13)						3,274						(13)
Total debt securities HTM			$	7,438					$	(6)					$	111,171					$	(1,410)					$	118,609					$	(1,416)

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("MBS") because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

Securities AFS at Fair Value			Amortized Cost						Fair Value
(Dollars in Thousands)
At March 31, 2020
Due in one year or less			$	1,130					$	1,138
Due after one year through five years			12,689						13,067
Due after five years through ten years			45,180						47,086
Due after ten years			790,771						779,234
			849,770						840,525
Mortgage-backed securities			342,735						355,094
Total securities AFS, at fair value			$	1,192,505					$	1,195,619

(Dollars in Thousands)			Amortized Cost						Fair Value
At September 30, 2019
Due in one year or less			$	—					$	—
Due after one year through five years			16,749						17,143
Due after five years through ten years			50,263						51,840
Due after ten years			818,206						820,964
			885,218						889,947
Mortgage-backed securities			378,670						382,546
Total securities AFS, at fair value			$	1,263,888					$	1,272,493

Securities HTM at Fair Value			Amortized Cost						Fair Value
(Dollars in Thousands)
At March 31, 2020
Due after ten years			$	108,105					$	107,525
			108,105						107,525
Mortgage-backed securities			6,752						6,880
Total securities HTM, at cost			$	114,857					$	114,405

(Dollars in Thousands)			Amortized Cost						Fair Value
At September 30, 2019
Due after ten years			$	127,582					$	126,287
			127,582						126,287
Mortgage-backed securities			7,182						7,183
Total securities HTM, at cost			$	134,764					$	133,470

X

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27232-111563

+ Details

Name:	us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

+ References

No definition available.

+ Details

Name:	us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration