XML 55 R37.htm IDEA: XBRL DOCUMENT v3.25.3

SECURITIES (Tables)

12 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

The amortized cost, gross unrealized gains and losses and estimated fair values of debt securities AFS and HTM are presented below.

(Dollars in thousands)			Amortized Cost			Gross Unrealized Gains			Gross Unrealized (Losses)			Fair Value
Debt Securities AFS
September 30, 2025
Corporate securities			$	25,000		$	—		$	(3,750)		$	21,250
SBA securities			11,791			—			(1,022)			10,769
Obligations of states and political subdivisions			162			—			—			162
Non-bank qualified obligations of states and political subdivisions			213,072			25			(26,057)			187,040
Asset-backed securities			138,698			21			(2,347)			136,372
Mortgage-backed securities			1,129,406			57			(157,213)			972,250
Total debt securities AFS			$	1,518,129		$	103		$	(190,389)		$	1,327,843
September 30, 2024
Corporate securities			$	25,000		$	—		$	(5,250)		$	19,750
SBA securities			86,036			—			(4,101)			81,935
Obligations of states and political subdivisions			501			—			(21)			480
Non-bank qualified obligations of states and political subdivisions			246,233			44			(28,287)			217,990
Asset-backed securities			192,979			337			(3,618)			189,698
Mortgage-backed securities			1,393,549			84			(162,265)			1,231,368
Total debt securities AFS			$	1,944,298		$	465		$	(203,542)		$	1,741,221
Debt Securities HTM
September 30, 2025
Non-bank qualified obligations of states and political subdivisions			$	27,373		$	—		$	(3,430)		$	23,943
Mortgage-backed securities			1,935			—			(225)			1,710
Total debt securities HTM			$	29,308		$	—		$	(3,655)		$	25,653
September 30, 2024
Non-bank qualified obligations of states and political subdivisions			$	31,060		$	—		$	(2,668)		$	28,392
Mortgage-backed securities			2,032			—			(188)			1,844
Total debt securities HTM			$	33,092		$	—		$	(2,856)		$	30,236

Gross Unrealized Losses and Fair Value of Securities Available for Sale in Continuous Unrealized Loss Position

Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:

			LESS THAN 12 MONTHS									OVER 12 MONTHS									TOTAL
(Dollars in thousands)			Fair Value			Gross Unrealized (Losses)						Fair Value			Gross Unrealized (Losses)						Fair Value			Gross Unrealized (Losses)
Debt Securities AFS
September 30, 2025
Corporate securities			$	—		$	—					$	21,250		$	(3,750)					$	21,250		$	(3,750)
SBA securities			—			—						10,769			(1,022)						10,769			(1,022)
Non-bank qualified obligations of states and political subdivisions			—			—						185,089			(26,057)						185,089			(26,057)
Asset-backed securities			64,995			(556)						66,263			(1,791)						131,258			(2,347)
Mortgage-backed securities			1,102			(2)						965,549			(157,211)						966,651			(157,213)
Total debt securities AFS			$	66,097		$	(558)					$	1,248,920		$	(189,831)					$	1,315,017		$	(190,389)
September 30, 2024
Corporate securities			$	—		$	—					$	19,750		$	(5,250)					$	19,750		$	(5,250)
SBA securities			—			—						81,935			(4,101)						81,935			(4,101)
Obligations of state and political subdivisions			—			—						280			(21)						280			(21)
Non-bank qualified obligations of states and political subdivisions			—			—						215,956			(28,287)						215,956			(28,287)
Asset-backed securities			52,101			(176)						88,576			(3,442)						140,677			(3,618)
Mortgage-backed securities			2,377			(15)						1,215,781			(162,250)						1,218,158			(162,265)
Total debt securities AFS			$	54,478		$	(191)					$	1,622,278		$	(203,351)					$	1,676,756		$	(203,542)
Debt Securities HTM
September 30, 2025
Non-bank qualified obligations of states and political subdivisions			$	—		$	—					$	23,943		$	(3,430)					$	23,943		$	(3,430)
Mortgage-backed securities			—			—						1,710			(225)						1,710			(225)
Total debt securities HTM			$	—		$	—					$	25,653		$	(3,655)					$	25,653		$	(3,655)
September 30, 2024
Non-bank qualified obligations of states and political subdivisions			$	—		$	—					$	28,392		$	(2,668)					$	28,392		$	(2,668)
Mortgage-backed securities			—			—						1,844			(188)						1,844			(188)
Total debt securities HTM			$	—		$	—					$	30,236		$	(2,856)					$	30,236		$	(2,856)

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features which allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in MBS because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

(Dollars in thousands)			September 30, 2025									September 30, 2024
Debt Securities AFS			Amortized Cost			Fair Value						Amortized Cost			Fair Value
Due in one year or less			$	755		$	760					$	1,826		$	1,796
Due after one year through five years			1,332			1,352						14,772			14,211
Due after five years through ten years			27,688			23,947						70,894			63,636
Due after ten years			358,948			329,534						463,257			430,210
			388,723			355,593						550,749			509,853
Mortgage-backed securities			1,129,406			972,250						1,393,549			1,231,368
Total debt securities AFS			$	1,518,129		$	1,327,843					$	1,944,298		$	1,741,221
Debt Securities HTM
Due after ten years			$	27,373		$	23,943					$	31,060		$	28,392
			27,373			23,943						31,060			28,392
Mortgage-backed securities			1,935			1,710						2,032			1,844
Total debt securities HTM			$	29,308		$	25,653					$	33,092		$	30,236

Summary of Activities Related to Sale of Securities Available for Sale

Activity related to the sale of securities is summarized below.

			Fiscal Year Ended September 30,
(Dollars in thousands)			2025						2024						2023
Securities AFS
Proceeds from sales			$	239,322					$	—					$	—
Gross gains on sales			—						—						—
Gross losses on sales			25,084						—						—
Net loss on securities AFS			$	(25,084)					$	—					$	—

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration