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SEGMENT REPORTING | 6 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met. The Company reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The Meta Payment Systems and Tax Services divisions, as well as the Consumer Credit Products and ClearBalance business lines, are reported in the Consumer segment. The Crestmark and AFS divisions are reported in the Commercial segment. The Community Bank division, Warehouse Finance, and Student Loan lending portfolio are included in the Corporate Services/Other segment. The Corporate Services/Other segment also includes certain shared services as well as treasury related functions such as the investment portfolio, wholesale deposits and borrowings. The Company does not report indirect general and administrative expenses in the Consumer and Commercial segments. Beginning October 1, 2020, Warehouse Finance, formerly reported in the Consumer segment, is now included in the Corporate Services/Other segment. Prior periods have been reclassified to conform to the current presentation. The Company adopted ASU 2018-02 as of October 1, 2020. The amendments in this ASU allow for a reclassification from AOCI to Retained Earnings for stranded tax effects from the Tax Cuts and Jobs Act of 2017 ("TCJA"). For the Company, these amendments are limited to any unrealized gains and losses held in Other Comprehensive Income for debt securities AFS held at the time of the TCJA enactment. The Company determined there were no stranded tax effects from the TCJA enactment and has not made any reclassification from AOCI to Retained Earnings upon adoption of this ASU. The following tables present segment data for the Company:
| Three Months Ended March 31, 2021
(Dollars in Thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Net interest income | $ | 25,085 |  |  | $ | 42,404 |  |  | $ | 6,361 |  |  | $ | 73,850 |
Provision for credit losses | 28,020 |  |  | 2,203 |  |  | 67 |  |  | 30,290 |
Noninterest income | 98,041 |  |  | 13,940 |  |  | 1,472 |  |  | 113,453 |
Noninterest expense | 30,189 |  |  | 27,829 |  |  | 37,953 |  |  | 95,971 |
Income (loss) before income tax expense | 64,917 |  |  | 26,312 |  |  | (30,187) |  |  | 61,042 |
Total assets | 531,305 |  |  | 3,030,088 |  |  | 6,228,730 |  |  | 9,790,123 |
Total goodwill | 87,145 |  |  | 222,360 |  |  | — |  |  | 309,505 |
Total deposits | 8,447,910 |  |  | 12,177 |  |  | 182,326 |  |  | 8,642,413 |
| Three Months Ended March 31, 2020
(Dollars in Thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Net interest income | $ | 16,162 |  |  | $ | 37,026 |  |  | $ | 14,549 |  |  | $ | 67,737 |
Provision for loan and lease losses | 19,570 |  |  | 11,994 |  |  | 5,732 |  |  | 37,296 |
Noninterest income | 83,208 |  |  | 15,523 |  |  | 21,782 |  |  | 120,513 |
Noninterest expense | 30,450 |  |  | 27,361 |  |  | 33,918 |  |  | 91,729 |
Income (loss) before income tax expense | 49,350 |  |  | 13,194 |  |  | (3,319) |  |  | 59,225 |
Total assets | 387,871 |  |  | 2,529,665 |  |  | 2,926,329 |  |  | 5,843,865 |
Total goodwill | 87,145 |  |  | 222,360 |  |  | — |  |  | 309,505 |
Total deposits | 3,078,481 |  |  | 9,214 |  |  | 874,709 |  |  | 3,962,404 |
| Six Months Ended March 31, 2021
(Dollars in Thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Net interest income | $ | 47,432 |  |  | $ | 84,252 |  |  | $ | 8,165 |  |  | $ | 139,849 |
Provision for credit losses | 30,386 |  |  | 8,670 |  |  | (2,677) |  |  | 36,379 |
Noninterest income | 123,376 |  |  | 29,106 |  |  | 6,426 |  |  | 158,908 |
Noninterest expense | 48,351 |  |  | 54,997 |  |  | 65,198 |  |  | 168,546 |
Income (loss) before income tax expense | 92,071 |  |  | 49,691 |  |  | (47,930) |  |  | 93,832 |
Total assets | 531,305 |  |  | 3,030,088 |  |  | 6,228,730 |  |  | 9,790,123 |
Total goodwill | 87,145 |  |  | 222,360 |  |  | — |  |  | 309,505 |
Total deposits | 8,447,910 |  |  | 12,177 |  |  | 182,326 |  |  | 8,642,413 |
| Six Months Ended March 31, 2020
(Dollars in Thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Net interest income | $ | 32,719 |  |  | $ | 76,762 |  |  | $ | 22,907 |  |  | $ | 132,388 |
Provision for loan and lease losses | 20,544 |  |  | 15,695 |  |  | 4,464 |  |  | 40,703 |
Noninterest income | 107,972 |  |  | 30,502 |  |  | 19,521 |  |  | 157,995 |
Noninterest expense | 47,190 |  |  | 54,086 |  |  | 66,250 |  |  | 167,526 |
Income (loss) before income tax expense | 72,957 |  |  | 37,483 |  |  | (28,286) |  |  | 82,154 |
Total assets | 387,871 |  |  | 2,529,665 |  |  | 2,926,329 |  |  | 5,843,865 |
Total goodwill | 87,145 |  |  | 222,360 |  |  | — |  |  | 309,505 |
Total deposits | 3,078,481 |  |  | 9,214 |  |  | 874,709 |  |  | 3,962,404 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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