XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.20.2

DIVESTITURES (Tables) | 9 Months Ended
--- | ---
Jun. 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 |
Borrowings | — |
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 and nine months ended June 30, 2020 below.
(Dollars in Thousands) | Community Bank Sold(1) |  | Community Bank Retained(2) |  | Total Community Bank
Three Months Ended June 30, 2020 |  |  |  |  |
Net interest income | $ | — |  |  | $ | 7,955 |  |  | $ | 7,955 |
(Reversal) Provision for loan and lease losses | (491) |  |  | 7,547 |  |  | 7,056 |
Noninterest income | — |  |  | 11 |  |  | 11 |
Noninterest expense | 39 |  |  | 1,562 |  |  | 1,601 |
Net income (loss) before income tax expense | $ | 452 |  |  | $ | (1,143) |  |  | $ | (691) |
Nine Months Ended June 30, 2020 |  |  |  |  |
Net interest income | $ | 2,512 |  |  | $ | 25,348 |  |  | $ | 27,860 |
(Reversal) Provision for loan and lease losses | (2,241) |  |  | 14,521 |  |  | 12,280 |
Noninterest income | 19,694 |  |  | (3,473) |  |  | 16,221 |
Noninterest expense | 4,955 |  |  | 5,113 |  |  | 10,068 |
Net income (loss) before income tax expense | $ | 19,492 |  |  | $ | 2,241 |  |  | $ | 21,733 |
(1) Reflects the activity of the assets and liabilities included in the disposal of the Community Bank division through June 30, 2020. (2) Reflects the activity of the retained Community Bank loan portfolio as of June 30, 2020.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration