XML 88 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:        
Loans and leases, including fees $ 70,493 $ 73,670 $ 139,195 $ 134,168
Mortgage-backed securities 2,493 2,861 4,882 5,559
Other investments 6,417 11,763 12,952 23,543
Total interest and dividend income 79,403 88,294 157,029 163,270
Interest expense:        
Deposits 8,242 14,740 17,583 25,336
FHLB advances and other borrowings 3,424 2,204 7,058 6,312
Total interest expense 11,666 16,944 24,641 31,648
Net interest income 67,737 71,350 132,388 131,622
Provision for loan and lease losses 37,296 33,318 40,703 42,417
Net interest income after provision for loan and lease losses 30,441 38,032 91,685 89,205
Noninterest income:        
Gain on sale of securities available for sale, net (includes $0 and $231 reclassified from accumulated other comprehensive income (loss) for net gain (loss) on securities available for sale for the three months ended March 31, 2020 and 2019, respectively and $0 and $209 for the six months ended March 31, 2020 and 2019, respectively) 0 231 0 209
Gain on divestitures 19,275 0 19,275 0
Gain (loss) on sale of other 2,325 2,230 (244) 3,496
Other income 5,801 2,890 9,047 5,272
Total noninterest income 120,513 105,025 157,995 142,776
Noninterest expense:        
Compensation and benefits 34,260 49,164 68,529 82,174
Refund transfer product expense 7,449 7,181 7,621 7,191
Tax advance product expense 1,698 2,225 2,830 2,677
Card processing 6,696 6,971 12,303 14,056
Occupancy and equipment expense 7,013 7,212 13,668 13,670
Legal and consulting 5,909 4,308 10,583 8,277
Intangible amortization 3,402 5,596 6,077 9,978
Impairment expense 507 9,660 750 9,660
Other expense 16,374 13,452 28,464 24,615
Total noninterest expense 91,729 110,254 167,526 184,549
Income before income tax expense 59,225 32,803 82,154 47,432
Income tax expense (benefit) (includes $0 and $58 reclassified from accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and 2019, respectively and $0 and $52 for the six months ended March 31, 2020 and 2019, respectively) 5,617 (395) 6,297 (2,086)
Net income before noncontrolling interest 53,608 33,198 75,857 49,518
Net income attributable to noncontrolling interest 1,304 1,078 2,485 2,000
Net income attributable to parent $ 52,304 $ 32,120 $ 73,372 $ 47,518
Earnings per common share        
Basic (in dollars per share) $ 1.45 $ 0.81 $ 2.00 $ 1.21
Diluted (in dollars per share) $ 1.45 $ 0.81 $ 2.00 $ 1.20
Operating Lease, Equipment, Depreciation Expense $ 8,421 $ 4,485 $ 16,701 $ 12,251
Refund transfer product fees        
Noninterest income:        
Noninterest income: 28,939 31,601 29,131 31,862
Tax advance product fees        
Noninterest income:        
Noninterest income: 29,536 33,038 31,812 34,723
Payment card and deposit fees        
Noninterest income:        
Noninterest income: 23,156 24,671 44,655 45,477
Other bank and deposit fees        
Noninterest income:        
Noninterest income: 381 474 868 957
Rental income        
Noninterest income:        
Noninterest income: 11,100 9,890 23,451 20,780
Total noninterest income $ 381 $ 474 $ 868 $ 957