XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.20.4

SECURITIES (Tables) | 3 Months Ended
--- | ---
Dec. 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 December 31, 2020 |  |  |  |  |  |  |
Debt securities AFS |  |  |  |  |  |  |
SBA securities | $ | 156,929 |  |  | $ | 5,255 |  |  | $ | (175) |  |  | $ | 162,009 |
Obligations of states and political subdivisions | 2,823 |  |  | 17 |  |  | — |  |  | 2,840 |
Non-bank qualified obligations of states and political subdivisions | 299,830 |  |  | 9,808 |  |  | — |  |  | 309,638 |
Asset-backed securities | 323,589 |  |  | 2,752 |  |  | (3,465) |  |  | 322,876 |
Mortgage-backed securities | 418,390 |  |  | 12,685 |  |  | (314) |  |  | 430,761 |
Total debt securities AFS | $ | 1,201,561 |  |  | $ | 30,517 |  |  | $ | (3,954) |  |  | $ | 1,228,124 |
(Dollars in Thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Fair Value
At September 30, 2020 |  |  |  |  |  |  |
Debt securities AFS |  |  |  |  |  |  |
SBA securities | $ | 159,722 |  |  | $ | 5,391 |  |  | $ | (158) |  |  | $ | 164,955 |
Obligations of states and political subdivisions | 825 |  |  | 16 |  |  | — |  |  | 841 |
Non-bank qualified obligations of states and political subdivisions | 314,819 |  |  | 8,978 |  |  | (23) |  |  | 323,774 |
Asset-backed securities | 329,139 |  |  | 2,015 |  |  | (6,229) |  |  | 324,925 |
Mortgage-backed securities | 439,879 |  |  | 14,567 |  |  | (839) |  |  | 453,607 |
Total debt securities AFS | $ | 1,244,384 |  |  | $ | 30,967 |  |  | $ | (7,249) |  |  | $ | 1,268,102 |
Securities Held to Maturity |
(Dollars in Thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Fair Value
At December 31, 2020 |  |  |  |  |  |  |
Debt securities HTM |  |  |  |  |  |  |
Non-bank qualified obligations of states and political subdivisions | $ | 76,176 |  |  | $ | 1,414 |  |  | $ | — |  |  | $ | 77,590 |
Mortgage-backed securities | 5,152 |  |  | 185 |  |  | — |  |  | 5,337 |
Total debt securities HTM | $ | 81,328 |  |  | $ | 1,599 |  |  | $ | — |  |  | $ | 82,927 |
(Dollars in Thousands) | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized (Losses) |  | Fair Value
At September 30, 2020 |
Debt securities HTM |  |  |  |  |  |  |
Non-bank qualified obligations of states and political subdivisions | $ | 87,183 |  |  | $ | 1,040 |  |  | $ | (29) |  |  | $ | 88,194 |
Mortgage-backed securities | 5,427 |  |  | 124 |  |  | — |  |  | 5,551 |
Total debt securities HTM | $ | 92,610 |  |  | $ | 1,164 |  |  | $ | (29) |  |  | $ | 93,745 |
Schedule of Unrealized Loss on Investments, AFS | Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous 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 December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Debt securities AFS |  |  |  |  |  |  |  |  |  |  |
SBA securities | $ | 40,938 |  |  | $ | (81) |  |  | $ | 18,623 |  |  | $ | (94) |  |  | $ | 59,561 |  |  | $ | (175) |
Asset-backed securities | 60,713 |  |  | (136) |  |  | 200,240 |  |  | (3,329) |  |  | 260,953 |  |  | (3,465) |
Mortgage-backed securities | 62,494 |  |  | (314) |  |  | — |  |  | — |  |  | 62,494 |  |  | (314) |
Total debt securities AFS | $ | 164,145 |  |  | $ | (531) |  |  | $ | 218,863 |  |  | $ | (3,423) |  |  | $ | 383,008 |  |  | $ | (3,954) |
| 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, 2020 |  |  |  |  |  |  |  |  |  |  |
Debt securities AFS |  |  |  |  |  |  |  |  |  |  |
SBA securities | $ | 32,257 |  |  | $ | (102) |  |  | $ | 9,875 |  |  | $ | (56) |  |  | $ | 42,132 |  |  | $ | (158) |
Non-bank qualified obligations of states and political subdivisions | 6,265 |  |  | (6) |  |  | 3,103 |  |  | (17) |  |  | 9,368 |  |  | (23) |
Asset-backed securities | 106,474 |  |  | (1,089) |  |  | 178,686 |  |  | (5,140) |  |  | 285,160 |  |  | (6,229) |
Mortgage-backed securities | 138,338 |  |  | (839) |  |  | — |  |  | — |  |  | 138,338 |  |  | (839) |
Total debt securities AFS | $ | 283,334 |  |  | $ | (2,036) |  |  | $ | 191,664 |  |  | $ | (5,213) |  |  | $ | 474,998 |  |  | $ | (7,249) |
There were no debt securities HTM with a continuous loss position at December 31, 2020.
Schedule of Unrealized Loss on Investments, HTM |
| 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, 2020 |  |  |  |  |  |  |  |  |  |  |
Debt securities HTM |  |  |  |  |  |  |  |  |  |  |
Non-bank qualified obligations of states and political subdivisions | 7,397 |  |  | (9) |  |  | 3,637 |  |  | (20) |  |  | 11,034 |  |  | (29) |
Total debt securities HTM | $ | 7,397 |  |  | $ | (9) |  |  | $ | 3,637 |  |  | $ | (20) |  |  | $ | 11,034 |  |  | $ | (29) |
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 December 31, 2020 |  |  |
Due in one year or less | $ | 720 |  |  | $ | 724 |
Due after one year through five years | 22,799 |  |  | 23,707 |
Due after five years through ten years | 32,099 |  |  | 33,738 |
Due after ten years | 727,553 |  |  | 739,194 |
| 783,171 |  |  | 797,363 |
Mortgage-backed securities | 418,390 |  |  | 430,761 |
Total securities AFS, at fair value | $ | 1,201,561 |  |  | $ | 1,228,124 |
(Dollars in Thousands) | Amortized Cost |  | Fair Value
At September 30, 2020 |  |  |
Due in one year or less | $ | 1,385 |  |  | $ | 1,398 |
Due after one year through five years | 20,805 |  |  | 21,769 |
Due after five years through ten years | 32,441 |  |  | 34,025 |
Due after ten years | 749,874 |  |  | 757,303 |
| 804,505 |  |  | 814,495 |
Mortgage-backed securities | 439,879 |  |  | 453,607 |
Total securities AFS, at fair value | $ | 1,244,384 |  |  | $ | 1,268,102 |
Securities HTM at Fair Value | Amortized Cost |  | Fair Value
(Dollars in Thousands)
At December 31, 2020 |  |  |
Due after ten years | $ | 76,176 |  |  | $ | 77,590 |
| 76,176 |  |  | 77,590 |
Mortgage-backed securities | 5,152 |  |  | 5,337 |
Total securities HTM, at cost | $ | 81,328 |  |  | $ | 82,927 |
(Dollars in Thousands) | Amortized Cost |  | Fair Value
At September 30, 2020 |  |  |
Due after ten years | $ | 87,183 |  |  | $ | 88,194 |
| 87,183 |  |  | 88,194 |
Mortgage-backed securities | 5,427 |  |  | 5,551 |
Total securities HTM, at cost | $ | 92,610 |  |  | $ | 93,745 |

X
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269825-111563 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121645371&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=121645371&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