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INCOME TAXES (Tables)

6 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The table below compares the income tax expense components for the periods presented.

			Six Months Ended March 31,
(Dollars in thousands)			2024						2023
Provision at statutory rate			$	23,917					$	20,657
Tax-exempt income			(341)						(398)
State income taxes			4,550						4,285
Interim period effective rate adjustment			4,581						(483)
Tax credit investments, net - federal			(11,363)						(7,916)
Research tax credit			—						(805)
IRC 162(m) nondeductible compensation			340						576
Other, net			(719)						(163)
Income tax expense			$	20,965					$	15,753
Effective tax rate			18.33		%				15.83		%

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- References

No definition available.

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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