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SEGMENT REPORTING | 6 Months Ended
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Mar. 31, 2024
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 BaaS business line is reported in the Consumer segment. The Commercial Finance business line is reported in the Commercial segment. The Corporate Services/Other segment includes certain shared services as well as treasury related functions such as the investment portfolio, warehouse finance, wholesale deposits, and borrowings. The following table presents segment data for the Company:
(Dollars in thousands) | Consumer |  | Commercial |  | Corporate Services/Other |  | Total
Three Months Ended March 31, | 2024 | 2023 |  | 2024 | 2023 |  | 2024 | 2023 |  | 2024 | 2023
Net interest income | $ | 56,527 |  | $ | 41,418 |  |  | $ | 44,913 |  | $ | 46,758 |  |  | $ | 16,861 |  | $ | 13,229 |  |  | $ | 118,301 |  | $ | 101,405 |
Provision for credit loss | 25,452 |  | 31,654 |  |  | 555 |  | 5,012 |  |  | 45 |  | 97 |  |  | 26,052 |  | 36,763 |
Noninterest income | 109,687 |  | 111,776 |  |  | 17,749 |  | 14,176 |  |  | 1,509 |  | 1,086 |  |  | 128,945 |  | 127,038 |
Noninterest expense | 59,452 |  | 49,910 |  |  | 38,130 |  | 38,846 |  |  | 42,849 |  | 38,380 |  |  | 140,431 |  | 127,136 |
Income (loss) before income tax expense | 81,310 |  | 71,630 |  |  | 23,977 |  | 17,076 |  |  | (24,524) |  | (24,162) |  |  | 80,763 |  | 64,544 |
Total assets | 493,718 |  | 361,528 |  |  | 4,124,909 |  | 3,581,677 |  |  | 2,818,490 |  | 2,925,051 |  |  | 7,437,117 |  | 6,868,256 |
Total goodwill | 87,145 |  | 87,145 |  |  | 222,360 |  | 222,360 |  |  | — |  | — |  |  | 309,505 |  | 309,505 |
Total deposits | 6,063,339 |  | 5,744,278 |  |  | 7,143 |  | 9,313 |  |  | 297,862 |  | 149,105 |  |  | 6,368,344 |  | 5,902,696 |
Six Months Ended March 31, |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 115,883 |  | $ | 75,690 |  |  | $ | 90,794 |  | $ | 89,082 |  |  | $ | 21,660 |  | $ | 20,690 |  |  | $ | 228,337 |  | $ | 185,462 |
Provision for credit loss | 28,906 |  | 34,894 |  |  | 7,018 |  | 11,595 |  |  | 18 |  | 50 |  |  | 35,942 |  | 46,539 |
Noninterest income | 142,474 |  | 151,315 |  |  | 33,748 |  | 28,538 |  |  | 5,484 |  | 12,962 |  |  | 181,706 |  | 192,815 |
Noninterest expense | 109,465 |  | 84,404 |  |  | 72,986 |  | 71,595 |  |  | 77,254 |  | 76,196 |  |  | 259,705 |  | 232,195 |
Income (loss) before income tax expense | 119,986 |  | 107,707 |  |  | 44,538 |  | 34,430 |  |  | (50,128) |  | (42,594) |  |  | 114,396 |  | 99,543 |
Total assets | 493,718 |  | 361,528 |  |  | 4,124,909 |  | 3,581,677 |  |  | 2,818,490 |  | 2,925,051 |  |  | 7,437,117 |  | 6,868,256 |
Total goodwill | 87,145 |  | 87,145 |  |  | 222,360 |  | 222,360 |  |  | — |  | — |  |  | 309,505 |  | 309,505 |
Total deposits | 6,063,339 |  | 5,744,278 |  |  | 7,143 |  | 9,313 |  |  | 297,862 |  | 149,105 |  |  | 6,368,344 |  | 5,902,696 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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