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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Fair Values of Securities Available for Sale and Held to Maturity

The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.

(Dollars in thousands)			Total			Level 1			Level 2			Level 3
June 30, 2025
Debt securities AFS
Corporate securities			$	21,125		$	—		$	21,125		$	—
SBA securities			10,683			—			10,683			—
Obligations of states and political subdivisions			161			—			161			—
Non-bank qualified obligations of states and political subdivisions			189,545			—			189,545			—
Asset-backed securities			140,192			—			140,192			—
Mortgage-backed securities			1,005,634			—			1,005,634			—
Total debt securities AFS			$	1,367,340		$	—		$	1,367,340		$	—
Common equities and mutual funds(1)			$	3,675		$	3,675		$	—		$	—
Non-marketable equity securities(2)			$	12,669		$	—		$	—		$	—
September 30, 2024
Debt securities AFS
Corporate securities			$	19,750		$	—		$	19,750		$	—
SBA securities			81,935			—			81,935			—
Obligations of states and political subdivisions			480			—			480			—
Non-bank qualified obligations of states and political subdivisions			217,990			—			217,990			—
Asset-backed securities			189,698			—			189,698			—
Mortgage-backed securities			1,231,368			—			1,231,368			—
Total debt securities AFS			$	1,741,221		$	—		$	1,741,221		$	—
Common equities and mutual funds(1)			$	3,303		$	3,303		$	—		$	—
Non-marketable equity securities(2)			$	11,828		$	—		$	—		$	—

(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025 and September 30, 2024.

(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:

(Dollars in thousands)			Total			Level 1			Level 2			Level 3
June 30, 2025
Loans and leases, net individually evaluated for credit loss
Commercial finance			$	20,401		$	—		$	—		$	20,401
Total loans and leases, net individually evaluated for credit loss			20,401			—			—			20,401
Total			$	20,401		$	—		$	—		$	20,401
September 30, 2024
Loans and leases, net individually evaluated for credit loss
Commercial finance			$	7,652		$	—		$	—		$	7,652
Total loans and leases, net individually evaluated for credit loss			7,652			—			—			7,652
Total			$	7,652		$	—		$	—		$	7,652

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information About Level 3 Fair Value Measurements

(Dollars in thousands)

Fair Value at June 30, 2025

Fair Value at September 30, 2024

Valuation Technique

Unobservable Input

Range of Inputs

Loans and leases, net individually evaluated for credit loss

$

20,401

$

7,652

Market approach

Appraised values(1)

3% - 35%

(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 3% to 35%.

Carrying Amount and Estimated Fair Value of Financial Instruments

The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:

			June 30, 2025
(Dollars in thousands)			Carrying Amount			Estimated Fair Value			Level 1			Level 2			Level 3
Financial assets
Cash and cash equivalents			$	258,343		$	258,343		$	258,343		$	—		$	—
Debt securities available for sale			1,367,340			1,367,339			—			1,367,339			—
Debt securities held to maturity			30,273			25,771			—			25,771			—
Common equities and mutual funds(1)			3,675			3,675			3,675			—			—
Non-marketable equity securities(1)(2)			22,369			22,369			—			9,699			—
Loans held for sale			49,767			49,767			—			49,767			—
Loans and leases			4,745,921			4,704,600			—			—			4,704,600
Federal Reserve Bank and Federal Home Loan Bank stocks			29,451			29,451			—			29,451			—
Accrued interest receivable			39,996			39,996			39,996			—			—
Financial liabilities
Deposits			6,005,246			6,005,178			6,002,610			2,568			—
Overnight federal funds purchased			115,000			115,000			115,000			—			—
Other short- and long-term borrowings			33,431			33,077			—			33,077			—
Accrued interest payable			742			742			742			—			—

(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2025.

(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

			September 30, 2024
(Dollars in thousands)			Carrying Amount			Estimated Fair Value			Level 1			Level 2			Level 3
Financial assets
Cash and cash equivalents			$	158,337		$	158,337		$	158,337		$	—		$	—
Debt securities available for sale			1,741,221			1,741,221			—			1,741,221			—
Debt securities held to maturity			33,092			30,236			—			30,236			—
Common equities and mutual funds(1)			3,303			3,303			3,303			—			—
Non-marketable equity securities(1)(2)			21,350			21,350			—			9,522			—
Loans held for sale			691,688			691,688			—			691,688			—
Loans and leases			4,071,071			4,036,490			—			—			4,036,490
Federal Reserve Bank and Federal Home Loan Bank stocks			36,014			36,014			—			36,014			—
Accrued interest receivable			31,385			31,385			31,385			—			—
Financial liabilities
Deposits			5,875,085			5,874,994			5,845,879			29,115			—
Overnight federal funds purchased			377,000			377,000			377,000			—			—
Other short- and long-term borrowings			33,354			31,787			—			31,787			—
Accrued interest payable			571			571			571			—			—

(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2024.

(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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-Name Accounting Standards Codification
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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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