XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income before noncontrolling interest $ 27,914 $ 28,422
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,689 14,566
Provision for credit loss 9,890 9,776
Provision for deferred taxes 1,162 2,255
Originations of loans held for sale (631,905) (398,798)
Proceeds from sales of loans held for sale 626,336 402,870
Net change in loans held for sale 13,829 (84)
Net realized (gain) on trademarks 0 (10,000)
Net realized (gain) on other (2,840) (502)
Impairment on rental equipment 0 24
Net change in accrued interest receivable (3,798) (2,191)
Net change in other assets (14,344) 16,986
Net change in accrued expenses and other liabilities (19,723) (24,222)
Stock compensation 1,234 3,271
Net cash provided by operating activities 22,444 42,373
Cash flows from investing activities:    
Proceeds from maturities of and principal collected on securities available for sale 41,936 49,069
Proceeds from maturities of and principal collected on securities held to maturity 1,093 1,058
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (91,130) (57,760)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 95,647 57,760
Purchases of loans and leases (89,390) (67,649)
Net change in loans and leases 98,895 217,812
Purchases of premises, furniture, and equipment (1,885) (1,989)
Purchases of rental equipment (106,160) (164,245)
Proceeds from sales of rental equipment 3,373 1,495
Net change in rental equipment (79) (109)
Proceeds from sales of foreclosed real estate and repossessed assets 0 1
Proceeds from sale of trademarks 0 10,000
Proceeds from sale of other assets 4,077 0
Net cash (used in) provided by investing activities (43,623) 45,443
Cash flows from financing activities:    
Net change in deposits 346,873 (76,905)
Net change in short-term borrowings (13,000) 0
Principal payments on other liabilities (284) (573)
Payment of debt issuance costs 0 (504)
Dividends paid on common stock (1,299) (1,402)
Issuance of common stock due to restricted stock 1 1
Repurchases of common stock (15,918) (26,932)
Distributions to noncontrolling interest 238 (757)
Net cash provided by (used in) financing activities 316,611 (107,072)
Effect of exchange rate changes on cash 618 387
Net change in cash and cash equivalents 296,050 (18,869)
Cash and cash equivalents at beginning of fiscal year 375,580 388,038
Cash and cash equivalents at end of fiscal period 671,630 369,169
Supplemental disclosure of cash flow information:    
Interest 4,168 478
Income taxes 641 492
Franchise and other taxes 66 66
Supplemental schedule of non-cash investing activities:    
Loans and leases to rental equipment 1,430 1,405
Rental equipment to loan and leases 76,941 128,145
Recognition of operating lease ROU assets, net of measurements 654 0
Joint venture membership interest divestiture $ 523 $ 0