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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  
Loans268,584  
Premises, furniture and equipment4,945  
Other assets1,250  
Total assets$277,283  
Deposits$290,493  
Borrowings—  
Other liabilities1,720  
Total liabilities$292,213  
Net assets$(14,930) 
Purchase price4,345  
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 expense39  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 income19,694  (3,473) 16,221  
Noninterest expense4,955  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.