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PARENT COMPANY FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition |
Condensed Statements of Financial Condition |  |  |
(Dollars in Thousands) | September 30, 2021 |  | September 30, 2020
ASSETS |  |  |
Cash and cash equivalents | $ | 3,296 |  |  | $ | 4,783 |
Investment securities held to maturity, at cost | 4,623 |  |  | 1,208 |
Investment in subsidiaries | 956,584 |  |  | 933,431 |
Other assets | 278 |  |  | 3,308 |
Total assets | $ | 964,781 |  |  | $ | 942,730 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
LIABILITIES |  |  |
Subordinated debentures | $ | 87,641 |  |  | $ | 87,468 |
Other liabilities | 5,256 |  |  | 7,954 |
Total liabilities | 92,897 |  |  | 95,422 |
STOCKHOLDERS' EQUITY |  |  |
Common stock | 317 |  |  | 344 |
Additional paid-in capital | 604,484 |  |  | 594,569 |
Retained earnings | 259,189 |  |  | 234,927 |
Accumulated other comprehensive income (loss) | 7,599 |  |  | 17,542 |
Treasury stock, at cost | (860) |  |  | (3,677) |
Total equity attributable to parent | 870,729 |  |  | 843,705 |
Non-controlling interest | 1,155 |  |  | 3,603 |
Total stockholders' equity | 871,884 |  |  | 847,308 |
Total liabilities and stockholders' equity | $ | 964,781 |  |  | $ | 942,730 |
Condensed Statements of Operations |
Condensed Statements of Operations |  |  |  |  |
| Fiscal Years Ended September 30,
(Dollars in Thousands) | 2021 |  | 2020 |  | 2019
Interest expense | $ | 4,915 |  |  | $ | 5,168 |  |  | $ | 5,296 |
Other expense | 1,287 |  |  | 1,256 |  |  | 1,044 |
Total expense | 6,202 |  |  | 6,424 |  |  | 6,340 |
Loss before income taxes and equity in undistributed net income of subsidiaries | (6,202) |  |  | (6,424) |  |  | (6,340) |
Income tax benefit | 395 |  |  | (3,638) |  |  | (1,374) |
Loss before equity in undistributed net income of subsidiaries | (6,597) |  |  | (2,786) |  |  | (4,966) |
Equity in undistributed net income of subsidiaries | 147,895 |  |  | 107,476 |  |  | 101,970 |
Other Income | 410 |  |  | 30 |  |  | — |
Total Income | 148,305 |  |  | 107,506 |  |  | 101,970 |
Net income attributable to parent | $ | 141,708 |  |  | $ | 104,720 |  |  | $ | 97,004 |
Condensed Statements of Cash Flows |
Condensed Statements of Cash Flows |  |  |  |  |
| Fiscal Year Ended September 30,
(Dollars in Thousands) | 2021 |  | 2020 |  | 2019
Cash flows from operating activities: |  |  |  |  |
Net income attributable to parent | $ | 141,708 |  |  | $ | 104,720 |  |  | $ | 97,004 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Depreciation, amortization and accretion, net | 173 |  |  | 163 |  |  | 153 |
Equity in undistributed net income of subsidiaries | (147,895) |  |  | (107,476) |  |  | (101,970) |
Stock compensation | 6,852 |  |  | 10,221 |  |  | 12,942 |
Net change: |  |  |  |  |
Other assets | 3,030 |  |  | (3,149) |  |  | (35) |
Accrued expenses and other liabilities | (2,698) |  |  | (2,660) |  |  | (6,468) |
Cash dividend received | 104,000 |  |  | 118,000 |  |  | 33,980 |
Net cash provided by operating activities | 105,170 |  |  | 119,819 |  |  | 35,606 |
Cash flows from investing activities: |  |  |  |  |
Alternative investments | (3,415) |  |  | (797) |  |  | — |
Net cash (used in) investing activities | (3,415) |  |  | (797) |  |  | — |
Cash flows from financing activities: |  |  |  |  |
Cash dividends paid | (6,400) |  |  | (7,100) |  |  | (7,760) |
Payments: |  |  |  |  |
Purchase of shares by ESOP | 3,036 |  |  | 3,220 |  |  | 2,011 |
Proceeds from: |  |  |  |  |
Exercise of stock options and issuance of common stock | — |  |  | 266 |  |  | 44 |
Issuance of restricted stock | — |  |  | 2 |  |  | 3 |
Net increase in investment in subsidiaries | — |  |  | — |  |  | (90) |
Shares repurchased for tax withholding on stock compensation | (99,878) |  |  | (118,738) |  |  | (49,912) |
Net cash (used in) financing activities | (103,242) |  |  | (122,350) |  |  | (55,704) |
Net change in cash and cash equivalents | (1,487) |  |  | (3,328) |  |  | (20,098) |
Cash and cash equivalents at beginning of fiscal year | 4,783 |  |  | 8,111 |  |  | 28,209 |
Cash and cash equivalents at end of fiscal year | $ | 3,296 |  |  | $ | 4,783 |  |  | $ | 8,111 |

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