CAPITAL REQUIREMENTS AND RESTRICTIONS ON RETAINED EARNINGS (Tables)

12 Months Ended

Sep. 30, 2023

CAPITAL REQUIREMENTS AND RESTRICTIONS ON RETAINED EARNINGS [Abstract]

Bank's Actual and Required Capital Amount and Ratios

The tables below include certain non-GAAP financial measures that are used by investors, analysts and bank regulatory agencies to assess the capital position of financial services companies. Management reviews these measures along with other measures of capital as part of its financial analyses and has included this non-GAAP financial information, and the corresponding reconciliation to total equity.


	Company		Bank		Minimum to be Adequately Capitalized Under Prompt Corrective Action Provisions		Minimum to be Well Capitalized Under Prompt Corrective Action Provisions
At September 30, 2023
Tier 1 leverage capital ratio	8.11	%	8.32	%	4.00	%	5.00	%
Common equity Tier 1 capital ratio	11.25		11.81		4.50		6.50
Tier 1 capital ratio	11.50		11.81		6.00		8.00
Total capital ratio	12.84		12.76		8.00		10.00

At September 30, 2022
Tier 1 leverage capital ratio	8.10	%	8.19	%	4.00	%	5.00	%
Common equity Tier 1 capital ratio	12.07		12.55		4.50		6.50
Tier 1 capital ratio	12.39		12.55		6.00		8.00
Total capital ratio	13.88		13.57		8.00		10.00

Reconciliation of Required Capital Amount and Ratios

The following table provides a reconciliation of the amounts included in the table above for the Company.


(Dollars in thousands)	Standardized Approach(1) September 30, 2023
Total stockholders' equity	$	650,625
Adjustments:
LESS: Goodwill, net of associated deferred tax liabilities	297,679
LESS: Certain other intangible assets	21,228
LESS: Net deferred tax assets from operating loss and tax credit carry-forwards	19,679
LESS: Net unrealized (losses) on available for sale securities	(254,294)
LESS: Noncontrolling interest	(1,005)
ADD: Adoption of Accounting Standards Update 2016-13	2,017
Common Equity Tier 1(1)	569,355
Long-term borrowings and other instruments qualifying as Tier 1	13,661
Tier 1 minority interest not included in common equity Tier 1 capital	(826)
Total Tier 1 capital	582,190
Allowance for credit losses	47,960
Subordinated debentures, net of issuance costs	19,591
Total capital	$	649,741
(1) Capital ratios were determined using the Basel III capital rules that became effective on January 1, 2015. Basel III revised the definition of capital, increased minimum capital ratios, and introduced a minimum common equity tier 1 capital ratio.

Reconciliation of Tangible Common Equity

The following table provides a reconciliation of tangible common equity and tangible common equity excluding AOCI, each of which is used in calculating tangible book value data, to total stockholders' equity. Each of tangible common equity and tangible common equity excluding AOCI is a non-GAAP financial measure that is commonly used within the banking industry.


(Dollars in thousands)	At September 30, 2023
Total stockholders' equity	$	650,625
LESS: Goodwill	309,505
LESS: Intangible assets	20,720
Tangible common equity	320,400
LESS: AOCI	(255,443)
Tangible common equity excluding AOCI	$	575,843