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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

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+ 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

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-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

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