RENTAL EQUIPMENT, NET

12 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

PREMISES, FURNITURE, AND EQUIPMENT, NET

Premises, furniture, and equipment consists of the following:


	At September 30,
(Dollars in thousands)	2023		2022
Land	$	1,354	$	1,354
Buildings	21,331		21,300
Furniture, fixtures, and equipment	62,312		56,631
	84,997		79,285
Less: accumulated depreciation and amortization	(45,837)		(37,575)
Net book value	$	39,160	$	41,710

Depreciation expense of premises, furniture and equipment included in occupancy and equipment expense was approximately $11.1 million, $11.3 million and $9.6 million for the fiscal years ended September 30, 2023, 2022 and 2021, respectively.

RENTAL EQUIPMENT, NET

Rental equipment consists of the following:


	At September 30,
(Dollars in thousands)	2023		2022
Computers and IT networking equipment	$	25,094	$	21,669
Motor vehicles and other	122,845		107,648
Other furniture and equipment	37,637		34,254
Solar panels and equipment	142,355		133,765
Total	327,931		297,336

Accumulated depreciation	(117,418)		(94,355)
Unamortized initial direct costs	1,237		1,390
Net book value	$	211,750	$	204,371

Future minimum lease payments expected to be received for operating leases at September 30, 2023 were as follows:


(Dollars in thousands)
2024	$	45,612
2025	37,424
2026	27,542
2027	19,791
2028	11,495
Thereafter	13,891
Total	$	155,755