PATHWARD FINANCIAL, INC., 10-Q filed on 8/9/2022
Quarterly Report
v3.22.2
Cover Page - shares
 9 Months Ended
Jun. 30, 2022
Aug. 02, 2022
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2022  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name PATHWARD FINANCIAL, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 42-1406262  
Entity Address, Address Line One 5501 South Broadband Lane  
Entity Address, City or Town Sioux Falls  
Entity Address, State or Province SD  
Entity Address, Postal Zip Code 57108  
City Area Code 877  
Local Phone Number 497-7497  
Title of 12(b) Security Common Stock, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   29,053,520
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.22.2
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
ASSETS    
Cash and cash equivalents $ 157,260 $ 314,019
Securities available for sale, at fair value 1,956,523 1,864,899
Securities held to maturity, at amortized cost (fair value $41,963 and $56,391, respectively) 43,877 56,669
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 28,812 28,400
Loans held for sale 67,571 56,194
Loans and leases 3,688,566 3,609,563
Allowance for credit losses (75,206) (68,281)
Accrued interest receivable 16,818 16,254
Premises, furniture, and equipment, net 42,076 44,888
Rental equipment, net 222,023 213,116
Foreclosed real estate and repossessed assets, net 13 2,077
Goodwill and intangible assets 336,593 342,653
Prepaid assets 11,408 10,513
Other assets 231,844 199,686
Total assets 6,728,178 6,690,650
LIABILITIES    
Deposits 5,710,799 5,514,971
Long-term borrowings 16,616 92,834
Accrued expenses and other liabilities 275,989 210,961
Total liabilities 6,003,404 5,818,766
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued and no shares outstanding at June 30, 2022 and September 30, 2021, respectively 0 0
Additional paid-in capital 615,159 604,484
Retained earnings 244,686 259,189
Accumulated other comprehensive income (loss) (131,407) 7,599
Treasury stock, at cost, 83,689 and 16,531 common shares at June 30, 2022 and September 30, 2021, respectively (4,623) (860)
Total equity attributable to parent 724,109 870,729
Noncontrolling interest 665 1,155
Total stockholders’ equity 724,774 871,884
Total liabilities and stockholders’ equity 6,728,178 6,690,650
Common stock, $0.01 par value; 90,000,000 shares authorized, 29,440,396 and 31,686,483 shares issued, 29,356,707 and 31,669,952 shares outstanding at June 30, 2022 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 294 317
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at June 30, 2022 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.22.2
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 41,963 $ 56,391
Preferred stock, shares authorized (in shares) 3,000,000 3,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Treasury stock (in shares) 83,689 16,531
Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 29,440,396 31,686,483
Common stock, shares outstanding (in shares) 29,356,707 31,669,952
Common Stock, Nonvoting    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 3,000,000 3,000,000
Common stock, shares issued (in shares) 0 0
Common stock, shares outstanding (in shares) 0 0
v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans and leases, including fees $ 62,541 $ 62,287 $ 203,115 $ 192,415
Mortgage-backed securities 7,381 3,446 16,690 8,176
Other investments 3,984 4,250 12,169 13,207
Total interest and dividend income 73,906 69,983 231,974 213,798
Interest expense:        
Deposits 94 188 400 1,429
FHLB advances and other borrowings 1,661 1,320 4,010 4,045
Total interest expense 1,755 1,508 4,410 5,474
Net interest income 72,151 68,475 227,564 208,324
Provision for credit losses (1,302) 4,612 31,186 40,991
Net interest income after provision for credit losses 73,453 63,863 196,378 167,333
Noninterest income:        
Gain on sale of securities 198 0 595 6
Gain on sale of trademarks 0 0 50,000 0
Gain (loss) on sale of other 1,239 5,955 (1,601) 10,935
Other income 5,271 4,017 10,811 15,550
Total noninterest income 53,994 62,453 250,351 221,361
Noninterest expense:        
Compensation and benefits 45,091 38,604 128,364 114,867
Refund transfer product expense 2,457 2,435 8,855 8,642
Tax advance product expense (29) (25) 2,156 2,534
Card processing 8,438 6,809 23,067 20,138
Occupancy and equipment expense 8,996 7,381 25,845 21,017
Operating lease equipment depreciation 9,145 8,122 26,331 23,122
Legal and consulting 11,724 5,680 27,279 16,972
Intangible amortization 1,532 2,013 5,188 6,784
Impairment expense 670 505 670 2,217
Other expense 8,626 9,999 34,491 33,775
Total noninterest expense 96,650 81,523 282,246 250,068
Income before income tax expense 30,797 44,793 164,483 138,626
Income tax expense 6,958 4,934 29,236 9,600
Net income before noncontrolling interest 23,839 39,859 135,247 129,026
Net income attributable to noncontrolling interest 1,448 1,158 2,281 3,221
Net income attributable to parent $ 22,391 $ 38,701 $ 132,966 $ 125,805
Earnings per common share:        
Basic (in dollars per share) $ 0.76 $ 1.21 $ 4.44 $ 3.87
Diluted (in dollars per share) $ 0.76 $ 1.21 $ 4.44 $ 3.87
Refund transfer product fees        
Noninterest income:        
Noninterest income $ 10,289 $ 12,073 $ 38,674 $ 35,400
Tax advance product fees        
Noninterest income:        
Noninterest income (20) 891 40,513 47,413
Payments card and deposit fees        
Noninterest income:        
Noninterest income 24,673 29,203 76,075 81,641
Other bank and deposit fees        
Noninterest income:        
Noninterest income 262 338 750 709
Rental income        
Noninterest income:        
Noninterest income $ 12,082 $ 9,976 $ 34,534 $ 29,707
v3.22.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 23,839 $ 39,859 $ 135,247 $ 129,026
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on debt securities (81,841) 3,081 (184,614) (3,996)
Net (gain) realized on investment securities (198) 0 (595) (6)
Total (82,039) 3,081 (185,209) (4,002)
Unrealized gain on currency translation (520) 121 (311) 692
Deferred income tax effect (20,526) 789 (46,514) (990)
Total other comprehensive (loss) (62,033) 2,413 (139,006) (2,320)
Total comprehensive income (loss) (38,194) 42,272 (3,759) 126,706
Total comprehensive income attributable to noncontrolling interest 1,448 1,158 2,281 3,221
Comprehensive income (loss) attributable to parent $ (39,642) $ 41,114 $ (6,040) $ 123,485
v3.22.2
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Adjustment
Total Pathward Stockholders’ Equity
Total Pathward Stockholders’ Equity
Adjustment
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Adjustment
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling interest
Noncontrolling interest
Adjustment
Beginning Balance at Sep. 30, 2020 $ 847,308 $ (10,803) $ 843,705 $ (8,351) $ 344 $ 594,569 $ 234,927 $ (8,351) $ 17,542 $ (3,677) $ 3,603 $ (2,452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (4,804)   (4,804)       (4,804)          
Issuance of common stock due to ESOP 3,036   3,036   2 3,034            
Repurchases of common stock (87,018)   (87,018)   (27) 27 (84,999)     (2,019)    
Stock compensation 5,090   5,090     5,090            
Total other comprehensive (loss) (2,320)   (2,320)           (2,320)      
Net income 129,026   125,805       125,805       3,221  
Net investment by (distribution to) noncontrolling interests (2,882)                   (2,882)  
Ending Balance at Jun. 30, 2021 876,633   875,143   319 602,720 262,578   15,222 (5,696) 1,490  
Beginning Balance at Mar. 31, 2021 835,258   834,166   319 601,222 225,471   12,809 (5,655) 1,092  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,594)   (1,594)       (1,594)          
Repurchases of common stock (41)   (41)             (41)    
Stock compensation 1,498   1,498     1,498            
Total other comprehensive (loss) 2,413   2,413           2,413      
Net income 39,859   38,701       38,701       1,158  
Net investment by (distribution to) noncontrolling interests (760)                   (760)  
Ending Balance at Jun. 30, 2021 876,633   875,143   319 602,720 262,578   15,222 (5,696) 1,490  
Beginning Balance at Sep. 30, 2021 871,884   870,729   317 604,484 259,189   7,599 (860) 1,155  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (4,469)   (4,469)       (4,469)          
Issuance of common stock due to restricted stock 1   1   1              
Issuance of common stock due to ESOP 2,886   2,886   1 2,885            
Repurchases of common stock (146,763)   (146,763)   (25) 25 (143,000)     (3,763)    
Stock compensation 7,765   7,765     7,765            
Total other comprehensive (loss) (139,006)   (139,006)           (139,006)      
Net income 135,247   132,966       132,966       2,281  
Net investment by (distribution to) noncontrolling interests (2,771)                   (2,771)  
Ending Balance at Jun. 30, 2022 724,774   724,109   294 615,159 244,686   (131,407) (4,623) 665  
Beginning Balance at Mar. 31, 2022 763,406   763,084   294 612,917 223,760   (69,374) (4,513) 322  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,465)   (1,465)       (1,465)          
Repurchases of common stock (110)   (110)             (110)    
Stock compensation 2,242   2,242     2,242            
Total other comprehensive (loss) (62,033)   (62,033)           (62,033)      
Net income 23,839   22,391       22,391       1,448  
Net investment by (distribution to) noncontrolling interests (1,105)                   (1,105)  
Ending Balance at Jun. 30, 2022 $ 724,774   $ 724,109   $ 294 $ 615,159 $ 244,686   $ (131,407) $ (4,623) $ 665  
v3.22.2
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]          
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15  
Accounting Standards Update [Extensible List]         Accounting Standards Update 2016-13 [Member]
v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income before noncontrolling interest $ 135,247 $ 129,026
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 47,193 43,561
Provision for credit losses 31,186 40,991
Provision (reversal of) for deferred taxes 18,517 (1,360)
Originations of loans held for sale (769,672) (472,935)
Proceeds from sales of loans held for sale 898,442 694,063
Net change in loans held for sale 12,568 2,495
Fair value adjustment of foreclosed real estate 250 481
Net realized (gain) on securities available for sale, net (161) (6)
Net realized (gain) loss on loans held for sale 3,933 (9,804)
Net realized loss on premise, furniture, and equipment 45 0
Net realized (gain) on lease receivables and equipment (2,180) (1,076)
Net realized (gain) on foreclosed real estate and repossessed assets 0 (4)
Net realized (gain) on trademarks (50,000) 0
Net realized (gain) loss on other assets (434) 28
Change in bank-owned life insurance value (1,818) (1,827)
Impairment of intangibles 670 0
Net change in accrued interest receivable (564) 398
Net change in other assets (7,391) (3,742)
Net change in accrued expenses and other liabilities (36,577) 25,332
Stock compensation 7,765 5,090
Net cash provided by operating activities 287,019 450,711
Cash flows from investing activities:    
Purchases of securities available for sale (689,515) (976,502)
Proceeds from sales of securities available for sale 244,305 50,468
Proceeds from maturities of and principal collected on securities available for sale 264,808 266,673
Proceeds from maturities of and principal collected on securities held to maturity 12,189 27,041
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (134,293) (1,295)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 133,880 0
Purchases of loans and leases (108,570) (145,639)
Proceeds from sales of loans and leases 45,784 13,822
Net change in loans and leases 35,462 (177,944)
Purchases of premises, furniture, and equipment (5,860) (9,448)
Proceeds from sales of premises, furniture, and equipment 35 86
Purchases of rental equipment (270,262) (36,800)
Proceeds from sales of rental equipment 8,236 11,744
Net change in rental equipment (1,879) (2,303)
Proceeds from sales of foreclosed real estate and repossessed assets 1,814 8,285
Proceeds from sale of trademarks 50,000 0
Proceeds from sale of other assets 2,925 0
Net cash (used in) investing activities (410,941) (971,812)
Cash flows from financing activities:    
Net change in deposits 195,828 909,672
Redemption of long-term borrowings (75,000) 0
Principal payments on capital lease obligations (75) (24)
Principal payments on other liabilities (2,163) (4,775)
Proceeds from other liabilities 0 80
Dividends paid on common stock (4,469) (4,804)
Issuance of common stock due to restricted stock 1 0
Issuance of common stock due to ESOP 2,886 3,036
Repurchases of common stock (146,763) (87,018)
Distributions to noncontrolling interest (2,771) (2,882)
Net cash (used in) financing activities (32,526) 813,285
Effect of exchange rate changes on cash (311) 692
Net change in cash and cash equivalents (156,759) 292,876
Cash and cash equivalents at beginning of fiscal year 314,019 427,367
Cash and cash equivalents at end of fiscal period 157,260 720,243
Supplemental disclosure of cash flow information:    
Interest 4,779 5,544
Income taxes 10,898 4,147
Franchise taxes 200 200
Other taxes 516 671
Supplemental schedule of non-cash investing activities:    
Trade Date Purchases - AFS 101,993 0
Held for sale to loans and leases 14,731 0
Loans and leases to held for sale 169,045 118,037
Loans and leases to rental equipment 3,393 14,844
Loans and leases to foreclosed real estate and repossessed assets 0 9
Rental equipment to loan and leases 233,634 14,014
Recognition of operating lease ROU assets, net of measurements $ 389 $ 12,954
v3.22.2
BASIS OF PRESENTATION
 9 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended September 30, 2021 included in Pathward Financial, Inc.’s (“Pathward” or the “Company”) Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on November 23, 2021. Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three and nine months ended June 30, 2022 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2022.
Certain prior year amounts have been reclassified to conform to the current year financial statement presentation. These changes and reclassifications did not impact previously reported net income or comprehensive income.
v3.22.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 9 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES (ASU) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2021 remain substantially unchanged. The following ASUs became effective for the Company on October 1, 2021, none of which had a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.
–ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs.
–ASU 2020-10, Codification Improvements.
v3.22.2
SIGNIFICANT EVENTS
 9 Months Ended
Jun. 30, 2022
Unusual or Infrequent Items, or Both [Abstract]  
SIGNIFICANT EVENTS SIGNIFICANT EVENTS
Rebranding

On December 7, 2021, the Company executed a Purchase Agreement (the “Agreement”) with Beige Key, LLC (the “Assignee”) for the sale of all of the Company’s worldwide right, title and interest in and to company names and tradenames including Meta and other "Meta" formative names including MetaBank and Meta Financial Group, and the domain names, social media accounts and goodwill associated with the foregoing (collectively, the “Meta” tradenames) in exchange for $60.0 million in cash. Subject to the terms and conditions set forth in the Agreement, the Company has one year from the Agreement execution date to phase out and cease all use of the Meta tradenames. From the date of the Agreement until the date such phase out is completed (the “Phase Out Period”), Assignee has granted the Company a non-exclusive royalty free license in the United States and Canada to use the Meta tradenames in the manner in which they were used by the Company prior to the Agreement.

The Company received $50.0 million upon execution and delivery of the Agreement, at which time the Meta tradenames were assigned to the Assignee. The Company has recognized the $50.0 million as noninterest income during the period ended December 31, 2021. The remaining $10.0 million was paid by the Assignee and is being held in an escrow account by a third-party agent until the agreed upon activities within the Phase Out Period have been completed, at which time the funds will be released to the Company. The Company’s receipt of the $10.0 million payment is contingent upon phase out activities that have not yet been completed and has not been recognized in the Company’s consolidated financial statements for the fiscal quarter ended June 30, 2022.
On July 13, 2022, the Company announced it changed its name to Pathward Financial, Inc.™, and its bank subsidiary MetaBank®, N.A. changed to Pathward™, N.A. ("Pathward"). Certain changes will be made immediately, with a full transition to Pathward expected by the end of this calendar year, including the launch of a new brand identity and website.

The Company recognized $3.4 million and $6.2 million of noninterest expense related to rebranding efforts during the three and nine months ended June 30, 2022, respectively.
v3.22.2
SECURITIES
 9 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
Debt Securities AFS
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At June 30, 2022
Corporate securities$25,000 $— $(1,562)$23,438 
SBA securities84,506 247 (3,404)81,349 
Obligations of states and political subdivisions2,726 — (85)2,641 
Non-bank qualified obligations of states and political subdivisions260,069 29 (15,137)244,961 
Asset-backed securities171,623 — (12,291)159,332 
Mortgage-backed securities1,587,992 655 (143,845)1,444,802 
Total debt securities AFS$2,131,916 $931 $(176,324)$1,956,523 
At September 30, 2021
Corporate securities$25,000 $— $— $25,000 
SBA securities151,958 5,251 — 157,209 
Obligations of states and political subdivisions2,497 10 — 2,507 
Non-bank qualified obligations of states and political subdivisions266,048 3,347 (1,100)268,295 
Asset-backed securities393,103 3,003 (1,247)394,859 
Mortgage-backed securities1,016,478 9,728 (9,177)1,017,029 
Total debt securities AFS$1,855,084 $21,339 $(11,524)$1,864,899 

Debt Securities HTM
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At June 30, 2022
Non-bank qualified obligations of states and political subdivisions$41,122 $— $(1,765)$39,357 
Mortgage-backed securities2,755 — (149)2,606 
Total debt securities HTM$43,877 $— $(1,914)$41,963 
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$52,944 $103 $(471)$52,576 
Mortgage-backed securities3,725 90 — 3,815 
Total debt securities HTM$56,669 $193 $(471)$56,391 
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 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At June 30, 2022
Corporate securities$23,438 $(1,562)$— $— $23,438 $(1,562)
SBA securities73,758 (3,404)— — 73,758 (3,404)
Obligations of state and political subdivisions2,401 (85)— — 2,401 (85)
Non-bank qualified obligations of states and political subdivisions237,769 (14,823)3,414 (314)241,183 (15,137)
Asset-backed securities96,852 (6,435)62,481 (5,856)159,333 (12,291)
Mortgage-backed securities1,033,772 (111,839)227,715 (32,006)1,261,487 (143,845)
Total debt securities AFS$1,467,990 $(138,148)$293,610 $(38,176)$1,761,600 $(176,324)
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$101,046 $(1,100)$— $— $101,046 $(1,100)
Asset-backed securities127,110 (283)91,553 (964)218,663 (1,247)
Mortgage-backed securities759,035 (7,418)60,792 (1,759)819,827 (9,177)
Total debt securities AFS$987,191 $(8,801)$152,345 $(2,723)$1,139,536 $(11,524)
Debt Securities HTM
At June 30, 2022
Non-bank qualified obligations of states and political subdivisions$35,121 $(1,530)$4,236 $(235)$39,357 $(1,765)
Mortgage-backed securities2,607 (149)— — 2,607 (149)
Total debt securities HTM$37,728 $(1,679)$4,236 $(235)$41,964 $(1,914)
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$26,096 $(471)$— $— $26,096 $(471)
Total debt securities HTM$26,096 $(471)$— $— $26,096 $(471)

At June 30, 2022, there were 166 securities AFS in an unrealized loss position. Management assessed each investment security with unrealized losses for credit loss and determined substantially all unrealized losses on these securities were due to credit spreads and interest rates versus credit loss. As part of that assessment, management evaluated and concluded that it is more-likely-than-not that the Company will not be required and does not intend to sell any of the securities prior to recovery of the amortized cost. At June 30, 2022, there was no ACL for debt securities AFS.

The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("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)At June 30, 2022At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$950 $955 $810 $822 
Due after one year through five years10,797 10,489 13,026 13,378 
Due after five years through ten years68,339 63,705 50,785 52,357 
Due after ten years463,838 436,572 773,985 781,313 
543,924 511,721 838,606 847,870 
Mortgage-backed securities1,587,992 1,444,802 1,016,478 1,017,029 
Total securities AFS, at fair value$2,131,916 $1,956,523 $1,855,084 $1,864,899 

At June 30, 2022At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$41,122 $39,357 $52,944 $52,576 
41,122 39,357 52,944 52,576 
Mortgage-backed securities2,755 2,606 3,725 3,815 
Total securities HTM, at cost$43,877 $41,963 $56,669 $56,391 

Equity Securities
The Company held $3.1 million at June 30, 2022 and $12.7 million at September 30, 2021 in marketable equity securities. The Company recognized $3.8 million and none in unrealized loss on marketable equity securities during the nine months ended June 30, 2022 and 2021, respectively, which is attributable to an investee becoming publicly traded during fiscal year 2021. All other marketable equity securities and related activity were insignificant for the nine months ended June 30, 2022 and 2021. There was one marketable security sold during the nine months ended June 30, 2022 for a $0.3 million gain.

Non-marketable equity securities with a readily determinable fair value totaled $6.5 million at June 30, 2022 and $4.6 million at September 30, 2021. The Company recognized $0.6 million in unrealized gains and $0.4 million in unrealized gains during the nine months ended June 30, 2022 and 2021, respectively. No such securities were sold during the nine months ended June 30, 2022.

Non-marketable equity securities without readily determinable fair value totaled $20.7 million at June 30, 2022 and $16.0 million at September 30, 2021. There were three securities sold during the nine months ended June 30, 2022 for a $0.2 million gain.

FRB Stock
The Bank is required by federal law to subscribe to capital stock (divided into shares of $100 each) as a member of the FRB of Minneapolis with an amount equal to six per centum of the paid-up capital stock and surplus. One-half of the subscription is paid at time of application, and one-half is subject to call of the Board of Governors of the Federal Reserve System. FRB of Minneapolis stock held by the Bank totaled $19.7 million at June 30, 2022 and September 30, 2021. These equity securities are 'restricted' in that they can only be owned by member banks.

FHLB Stock
The Company's borrowings from the FHLB are secured by specific investment securities. Such advances can be made pursuant to several different credit programs, each of which has its own interest rate and range of maturities.

The investments in the FHLB stock are required investments related to the Company's membership in and current borrowings from the FHLB of Des Moines. The investments in the FHLB of Des Moines could be adversely impacted by the financial operations of the FHLB and actions of their regulator, the Federal Housing Finance Agency.

The FHLB stock is carried at cost since it is generally redeemable at par value. The carrying value of the stock held at the FHLB was $9.1 million at June 30, 2022 and $8.7 million at September 30, 2021.
These equity securities are ‘restricted’ in that they can only be sold back to the respective institution from which they were acquired or another member institution at par. Therefore, FRB and FHLB stocks are less liquid than other marketable equity securities, and the fair value approximates cost.

Equity Security Impairment
The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value. All other equity investments, including those under the equity method, are reviewed for other-than-temporary impairment on at least a quarterly basis. The Company recognized no impairment for such investments for the nine months ended June 30, 2022.
v3.22.2
LOANS AND LEASES, NET
 9 Months Ended
Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Term lending$1,047,764 $961,019 
Asset based lending402,506 300,225 
Factoring408,777 363,670 
Lease financing218,789 266,050 
Insurance premium finance481,219 428,867 
SBA/USDA215,510 247,756 
Other commercial finance173,338 157,908 
Commercial finance2,947,903 2,725,495 
Consumer credit products152,106 129,251 
Other consumer finance107,135 123,606 
Consumer finance259,241 252,857 
Tax services41,627 10,405 
Warehouse finance434,748 419,926 
Community banking— 199,132 
Total loans and leases3,683,519 3,607,815 
Net deferred loan origination costs5,047 1,748 
Total gross loans and leases3,688,566 3,609,563 
Allowance for credit losses(75,206)(68,281)
Total loans and leases, net$3,613,360 $3,541,282 

During the nine months ended June 30, 2022, the Company transferred $169.0 million of Community Banking loans to held for sale. During the nine months ended June 30, 2021, the Company transferred $118.0 million of Community Banking loans to held for sale.

During the nine months ended June 30, 2022 and 2021, the Company originated $769.7 million and $472.9 million of consumer finance and SBA/USDA as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $898.4 million and loss on sale of $3.9 million during the nine months ended June 30, 2022. The Company sold held for sale loans resulting in proceeds of $694.1 million and gains on sale of $9.8 million during the nine months ended June 30, 2021.

In connection with the Company's sale of the Bank's Community Bank division to Central Bank, the Company entered into a servicing agreement with Central Bank for the retained Community Bank loan portfolio that became effective on February 29, 2020 (the "Closing Date"). The Company recognized $0.2 million and $2.2 million in servicing fee expense during the nine months ended June 30, 2022 and 2021, respectively, and $3.3 million for the fiscal year ended September 30, 2021.
Since the Closing Date, the Company has entered into subsequent loan portfolio sale agreements with Central Bank and other third parties. The Company sold additional loans from the retained Community Bank portfolio in the amount of $192.5 million and $233.0 million in the nine months ended June 30, 2022 and 2021, respectively, and $308.1 million for the fiscal year ended September 30, 2021. All loans from the retained Community Bank portfolio have been sold as of December 31, 2021.

Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Loans Purchased
Loans held for investment:
Commercial finance$— $— $3,098 $— 
Warehouse finance19,657 46,153 105,472 142,389 
Community banking— 403 — 3,250 
Total purchases$19,657 $46,556 $108,570 $145,639 
Loans Sold
Loans held for sale:
Commercial finance$1,216 $45,695 $48,329 $81,996 
Consumer finance173,284 72,437 696,891 382,382 
Community banking— — 153,222 232,979 
Loans held for investment:
Commercial finance— — 15,549 — 
Community banking— 1,816 30,235 13,822 
Total sales$174,500 $119,948 $944,226 $711,179 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Carrying amount$226,347 $278,341 
Unguaranteed residual assets11,862 14,393 
Unamortized initial direct costs348 490 
Unearned income(19,420)(26,684)
Total net investment in direct financing and sales-type leases$219,137 $266,540 

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$24,394 
202393,511 
202462,678 
202530,942 
202610,471 
Thereafter4,351 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases226,347 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$226,347 

The Company did not record any contingent rental income from direct financing and sales-type leases in the nine months ended June 30, 2022.
The COVID-19 pandemic began impacting the U.S. and global economies in the first calendar quarter of 2020, with significant deterioration of macroeconomic conditions and markets into 2021. Although macroeconomic conditions and markets have improved since the beginning of 2021, other factors have been affecting the economic environment in 2022 including geopolitical conflict, supply chain disruptions, inflation, and rising interest rates. While the ultimate impact of the pandemic and these other factors on the Company's loan and lease portfolio remains difficult to predict, management continues to evaluate the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses and the impact to our customers and businesses as a result of COVID-19 and other factors impacting the economy and will refine its estimate as developments occur and more information becomes available.

Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended June 30, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$27,568 $9 $(3,086)$1,316 $25,807 
Asset based lending2,583 (1,553)— 295 1,325 
Factoring6,526 533 (194)268 7,133 
Lease financing6,471 (429)— 107 6,149 
Insurance premium finance1,057 583 (230)41 1,451 
SBA/USDA2,943 338 (408)25 2,898 
Other commercial finance1,197 (79)— — 1,118 
Commercial finance48,345 (598)(3,918)2,052 45,881 
Consumer credit products1,621 (170)— — 1,451 
Other consumer finance7,388 (205)(2,428)88 4,843 
Consumer finance9,009 (375)(2,428)88 6,294 
Tax services30,757 (166)(7,998)6 22,599 
Warehouse finance441 (9)— — 432 
Total loans and leases88,552 (1,148)(14,344)2,146 75,206 
Unfunded commitments(1)
551 (154)— — 397 
Total $89,103 $(1,302)$(14,344)$2,146 $75,603 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended June 30, 2021
(Dollars in thousands)Beginning Balance
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$27,315 $1,199 $(1,998)$515 $27,031 
Asset based lending1,749 21 — 212 1,982 
Factoring3,210 33 1 17 3,261 
Lease financing6,863 842 (916)130 6,919 
Insurance premium finance1,326 (1,200)(120)1,583 1,589 
SBA/USDA3,300 (171)— — 3,129 
Other commercial finance541 183 — — 724 
Commercial finance44,304 907 (3,033)2,457 44,635 
Consumer credit products990 21 — — 1,011 
Other consumer finance10,093 (180)(2,327)57 7,643 
Consumer finance11,083 (159)(2,327)57 8,654 
Tax services29,146 4,685 (9,505)17 24,343 
Warehouse finance332 — — — 332 
Community banking14,027 (783)— — 13,244 
Total loans and leases98,892 4,650 (14,865)2,531 91,208 
Unfunded commitments(1)
779 (38)— — 741 
Total $99,671 $4,612 $(14,865)$2,531 $91,949 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.

Nine Months Ended June 30, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $1,104 $(6,993)$2,345 $25,807 
Asset based lending1,726 (817)(16)432 1,325 
Factoring3,997 13,857 (11,057)336 7,133 
Lease financing7,629 (1,647)(112)279 6,149 
Insurance premium finance1,394 374 (514)197 1,451 
SBA/USDA2,978 517 (624)27 2,898 
Other commercial finance1,168 (50)— — 1,118 
Commercial finance48,243 13,338 (19,316)3,616 45,881 
Consumer credit products1,242 209 — — 1,451 
Other consumer finance6,112 2,513 (4,049)267 4,843 
Consumer finance7,354 2,722 (4,049)267 6,294 
Tax services2 28,093 (8,253)2,757 22,599 
Warehouse finance420 12 — — 432 
Community banking12,262 (12,686)— 424 — 
Total loans and leases68,281 31,479 (31,618)7,064 75,206 
Unfunded commitments(1)
690 (293)— — 397 
Total $68,971 $31,186 $(31,618)$7,064 $75,603 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2021
(Dollars in thousands)Beginning BalanceImpact of CECL Adoption
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $8,621 $(7,787)$987 $27,031 
Asset based lending1,406 164 1,399 (1,199)212 1,982 
Factoring3,027 987 (1,928)— 1,175 3,261 
Lease financing7,023 (556)2,375 (2,264)341 6,919 
Insurance premium finance2,129 (965)(609)(925)1,959 1,589 
SBA/USDA940 2,720 (532)— 1 3,129 
Other commercial finance182 364 178 — — 724 
Commercial finance29,918 12,713 9,504 (12,175)4,675 44,635 
Consumer credit products845 — 166 — — 1,011 
Other consumer finance2,821 5,998 1,568 (2,964)220 7,643 
Consumer finance3,666 5,998 1,734 (2,964)220 8,654 
Tax services2 — 32,819 (9,505)1,027 24,343 
Warehouse finance294 (1)39 — — 332 
Community banking22,308 (5,937)(2,983)(144)— 13,244 
Total loans and leases56,188 12,773 41,113 (24,788)5,922 91,208 
Unfunded commitments(1)
32 831 (122)— — 741 
Total $56,220 $13,604 $40,991 $(24,788)$5,922 $91,949 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.

Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At June 30, 2022At September 30, 2021
Term lending$65,998 $20,965 
Asset based lending5,992 — 
Factoring27,333 1,268 
Lease financing11,684 3,882 
SBA/USDA1,249 — 
Commercial finance(1)
112,256 26,115 
Community banking— 14,915 
Total$112,256 $41,030 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.

In response to the ongoing COVID-19 pandemic, the Company allowed modifications, such as payment deferrals and temporary forbearances, to credit-worthy borrowers who are experiencing temporary hardship due to the effects of COVID-19. Up to January 1, 2022, when this relief ended, if all payments were less than 30 days past due prior to the onset of the pandemic effects, the loan or lease will not be reported as past due during the deferral or forbearance period. As of June 30, 2022, $0.1 million of loan and lease balances that were granted deferral payments by the Company were still in their deferment period. These modifications consisted solely of payment deferrals ranging from 30 days to six months. These modifications are in line with applicable regulatory guidelines and, therefore, they are not reported as troubled debt restructurings. Other than the loan modifications that are on nonaccrual status, the Company is accruing and recognizing interest income on these modifications during the payment deferral period.

Federal regulations provide for the classification of loans and other assets such as debt and equity securities considered by the Bank's primary regulator, the Office of the Comptroller of the Currency (the “OCC”), to be of lesser quality as “substandard,” “doubtful” or “loss.” The loan classification and risk rating definitions are as follows:
 
Pass - A pass asset is of sufficient quality in terms of repayment, collateral and management to preclude a special mention or an adverse rating.

Watch - A watch asset is generally a credit performing well under current terms and conditions but with identifiable weakness meriting additional scrutiny and corrective measures. Watch is not a regulatory classification but can be used to designate assets that are exhibiting one or more weaknesses that deserve management’s attention. These assets are of better quality than special mention assets.

Special Mention - A special mention asset is a credit with potential weaknesses deserving management’s close attention and, if left uncorrected, may result in deterioration of the repayment prospects for the asset. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Special mention is a temporary status with aggressive credit management required to garner adequate progress and move to watch or higher.
 
The adverse classifications are as follows:
 
Substandard - A substandard asset is inadequately protected by the net worth and/or repayment ability or by a weak collateral position. Assets so classified will have well-defined weaknesses creating a distinct possibility the Bank will sustain some loss if the weaknesses are not corrected. Loss potential does not have to exist for an asset to be classified as substandard.

Doubtful - A doubtful asset has weaknesses similar to those classified substandard, with the degree of weakness causing the likely loss of some principal in any reasonable collection effort. Due to pending factors, the asset’s classification as loss is not yet appropriate.

Loss - A loss asset is considered uncollectible and of such little value that the asset’s continuance on the Bank’s balance sheet is no longer warranted. This classification does not necessarily mean an asset has no recovery or salvage value, leaving room for future collection efforts.

Loans and leases, or portions thereof, are generally charged off when collection of principal becomes doubtful. Typically, this is associated with a delay or shortfall in payments of 210 days or more for commercial insurance premium finance, 180 days or more for the purchased student loan portfolios, 120 days or more for consumer credit products and leases, and 90 days or more for community banking loans and commercial finance loans. Action is taken to charge off electronic return originator ("ERO") loans if such loans have not been collected by the end of June and taxpayer advance loans if such loans have not been collected by the end of the calendar year. Nonaccrual loans and troubled debt restructurings are generally individually evaluated for expected credit losses.

The Company recognizes that concentrations of credit may naturally occur and may take the form of a large volume of related loans and leases to an individual, a specific industry, or a geographic location. Credit concentration is a direct, indirect, or contingent obligation that has a common bond where the aggregate exposure equals or exceeds a certain percentage of the Company’s Tier 1 Capital plus the allowable Allowance for Credit Losses.

The Company has various portfolios of consumer finance and tax services loans that present unique risks that are statistically managed. Due to the unique risks associated with these portfolios, the Company monitors other credit quality indicators in their evaluation of the appropriateness of the allowance for credit losses on these portfolios, and as such, these loans are not included in the asset classification table below. The outstanding balances of consumer finance loans and tax services loans were $259.2 million and $41.6 million at June 30, 2022, respectively, and $252.9 million and $10.4 million at September 30, 2021, respectively. The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At June 30, 202220222021202020192018Prior
Term lending
Pass$315,012 $233,436 $130,225 $39,691 $28,753 $6,710 $— $753,827 
Watch27,886 92,431 27,741 6,965 2,302 3,968 — 161,293 
Special Mention4,244 14,978 23,514 4,281 1,154 2,972 — 51,143 
Substandard18,744 19,436 25,688 13,185 2,565 97 — 79,715 
Doubtful346 404 465 538 33 — — 1,786 
Total366,232 360,685 207,633 64,660 34,807 13,747 — 1,047,764 
Asset based lending
Pass— — — — — — 223,126 223,126 
Watch— — — — — — 136,315 136,315 
Special Mention— — — — — — 36,909 36,909 
Substandard— — — — — — 6,156 6,156 
Total— — — — — — 402,506 402,506 
Factoring
Pass— — — — — — 287,281 287,281 
Watch— — — — — — 76,517 76,517 
Special Mention— — — — — — 13,858 13,858 
Substandard— — — — — — 31,101 31,101 
Doubtful— — — — — — 20 20 
Total— — — — — — 408,777 408,777 
Lease financing
Pass30,491 50,142 53,187 8,696 5,702 29 — 148,247 
Watch308 7,534 10,514 6,113 645 17 — 25,131 
Special Mention708 13,303 4,775 1,917 236 21 — 20,960 
Substandard— 5,948 11,126 4,409 320 11 — 21,814 
Doubtful— 165 1,207 1,147 118 — — 2,637 
Total31,507 77,092 80,809 22,282 7,021 78 — 218,789 
Insurance premium finance
Pass473,925 6,683 23 2 — — — 480,633 
Watch64 71 — — — — — 135 
Special Mention138 192 — — — — — 330 
Substandard19 28 — — — — — 47 
Doubtful43 31 — — — — — 74 
Total474,189 7,005 23 2 — — — 481,219 
SBA/USDA
Pass65,066 47,690 15,532 10,724 13,748 7,807 — 160,567 
Watch3,077 — 19,513 3,154 1,092 2,883 — 29,719 
Special Mention— — 1,551 212 — 286 — 2,049 
Substandard— — 2,705 8,520 9,695 1,918 — 22,838 
Doubtful— 23 314 — — — — 337 
Total68,143 47,713 39,615 22,610 24,535 12,894 — 215,510 
Other commercial finance
Pass20,261 29,369 865 8,914 2,374 67,248 — 129,031 
Watch— 20,000 13,282 — — — — 33,282 
Substandard164 9,789 — — 265 807 — 11,025 
Total20,425 59,158 14,147 8,914 2,639 68,055 — 173,338 
Warehouse finance
Pass— — — — — — 434,748 434,748 
Total— — — — — — 434,748 434,748 
Total loans and leases
Pass904,755 367,320 199,832 68,027 50,577 81,794 945,155 2,617,460 
Watch31,335 120,036 71,050 16,232 4,039 6,868 212,832 462,392 
Special Mention5,090 28,473 29,840 6,410 1,390 3,279 50,767 125,249 
Substandard18,927 35,201 39,519 26,114 12,845 2,833 37,257 172,696 
Doubtful389 623 1,986 1,685 151 — 20 4,854 
Total$960,496 $551,653 $342,227 $118,468 $69,002 $94,774 $1,246,031 $3,382,651 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202120212020201920182017Prior
Term lending
Pass$362,443 $192,305 $63,708 $34,381 $3,195 $1,236 $— $657,268 
Watch63,046 71,701 32,941 21,419 76 3,628 — 192,811 
Special Mention6,422 26,673 4,821 932 70 633 — 39,551 
Substandard18,569 16,810 26,920 3,529 928 641 — 67,397 
Doubtful252 1,673 1,756 311 — — — 3,992 
Total450,732 309,162 130,146 60,572 4,269 6,138 — 961,019 
Asset based lending
Pass— — — — — — 185,432 185,432 
Watch— — — — — — 52,072 52,072 
Special Mention— — — — — — 43,135 43,135 
Substandard— — — — — — 19,586 19,586 
Total— — — — — — 300,225 300,225 
Factoring
Pass— — — — — — 294,124 294,124 
Watch— — — — — — 17,984 17,984 
Special Mention— — — — — — 33,035 33,035 
Substandard— — — — — — 18,527 18,527 
Total— — — — — — 363,670 363,670 
Lease financing
Pass54,434 73,629 17,153 7,511 1,857 203 — 154,787 
Watch22,061 20,455 9,274 2,739 1,454 — — 55,983 
Special Mention15,402 20,595 4,148 1,546 61 — — 41,752 
Substandard479 4,765 4,981 831 25 — — 11,081 
Doubtful— 6 2,402 38 1 — — 2,447 
Total92,376 119,450 37,958 12,665 3,398 203 — 266,050 
Insurance premium finance
Pass428,131 144 9 — — — — 428,284 
Watch262 5 — — — — — 267 
Special Mention58 5 — — — — — 63 
Substandard68 107 — — — — — 175 
Doubtful58 20 — — — — — 78 
Total428,577 281 9 — — — — 428,867 
SBA/USDA
Pass110,122 37,006 14,461 12,760 6,525 3,779 — 184,653 
Watch— 20,431 1,996 1,670 1,394 298 — 25,789 
Special Mention— 8,333 214 3,348 177 919 — 12,991 
Substandard— 3,812 9,550 8,079 2,169 713 — 24,323 
Total110,122 69,582 26,221 25,857 10,265 5,709 — 247,756 
Other commercial finance
Pass56,957 642 5,786 6,075 3,345 60,965 — 133,770 
Watch— 17,404 3,409 451 — — — 21,264 
Substandard466 — — 273 837 1,299 — 2,875 
Total57,423 18,046 9,195 6,799 4,182 62,264 — 157,909 
Warehouse finance
Pass— — — — — — 419,926 419,926 
Total— — — — — — 419,926 419,926 
Community banking
Pass— — 4,159 — 5,683 472 — 10,314 
Watch— 10,134 — 10,854 6,133 — — 27,121 
Special Mention— — 35,916 — — — — 35,916 
Substandard— 119 49,449 50,626 13,933 6,110 — 120,237 
Doubtful— 122 — 5,422 — — — 5,544 
Total— 10,375 89,524 66,902 25,749 6,582 — 199,132 
Total loans and leases
Pass1,012,088 303,727 105,274 60,727 20,605 66,655 899,481 2,468,557 
Watch85,369 140,131 47,620 37,132 9,057 3,926 70,056 393,291 
Special Mention21,882 55,606 45,099 5,826 307 1,552 76,171 206,443 
Substandard19,584 25,613 90,900 63,338 17,891 8,762 38,113 264,201 
Doubtful310 1,822 4,158 5,770 1 — — 12,061 
Total$1,139,233 $526,899 $293,051 $172,793 $47,861 $80,895 $1,083,821 $3,344,553 

Past due loans and leases were as follows:
At June 30, 2022
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $67,571 $67,571 $— $— $— 
Term lending4,882 1,960 3,483 10,325 1,037,439 1,047,764 613 8,965 9,578 
Asset based lending— — — — 402,506 402,506 — 4,508 4,508 
Factoring— — — — 408,777 408,777 — 743 743 
Lease financing8,708 1,584 3,345 13,637 205,152 218,789 1,788 3,844 5,632 
Insurance premium finance1,565 611 803 2,979 478,240 481,219 803 — 803 
SBA/USDA271 — 1,564 1,835 213,675 215,510 315 1,543 1,858 
Other commercial finance— — — — 173,338 173,338 — — — 
Commercial finance15,426 4,155 9,195 28,776 2,919,127 2,947,903 3,519 19,603 23,122 
Consumer credit products3,298 3,039 2,886 9,223 142,883 152,106 2,886 — 2,886 
Other consumer finance510 437 615 1,562 105,573 107,135 615 — 615 
Consumer finance3,808 3,476 3,501 10,785 248,456 259,241 3,501 — 3,501 
Tax services— 41,627 — 41,627 — 41,627 — — — 
Warehouse finance— — — — 434,748 434,748 — — — 
Total loans and leases held for investment19,234 49,258 12,696 81,188 3,602,331 3,683,519 7,020 19,603 26,623 
Total loans and leases$19,234 $49,258 $12,696 $81,188 $3,669,902 $3,751,090 $7,020 $19,603 $26,623 
At September 30, 2021
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $56,194 $56,194 $— $— $— 
Term lending11,879 2,703 5,452 20,034 940,985 961,019 2,558 14,904 17,462 
Asset based lending— — — — 300,225 300,225 — — — 
Factoring— — — — 363,670 363,670 — 1,268 1,268 
Lease financing4,909 3,336 8,401 16,646 249,404 266,050 8,345 3,158 11,503 
Insurance premium finance1,415 375 599 2,389 426,478 428,867 599 — 599 
SBA/USDA66 974 987 2,027 245,729 247,756 987 — 987 
Other commercial finance— — — — 157,908 157,908 — — — 
Commercial finance18,269 7,388 15,439 41,096 2,684,399 2,725,495 12,489 19,330 31,819 
Consumer credit products713 527 511 1,751 127,500 129,251 511 — 511 
Other consumer finance963 285 725 1,973 121,633 123,606 725 — 725 
Consumer finance1,676 812 1,236 3,724 249,133 252,857 1,236 — 1,236 
Tax services— — 7,962 7,962 2,443 10,405 7,962 — 7,962 
Warehouse finance— — — — 419,926 419,926 — — — 
Community banking— — — — 199,132 199,132 — 14,915 14,915 
Total loans and leases held for investment19,945 8,200 24,637 52,782 3,555,033 3,607,815 21,687 34,245 55,932 
Total loans and leases$19,945 $8,200 $24,637 $52,782 $3,611,227 $3,664,009 $21,687 $34,245 $55,932 

Nonaccrual loans and leases by year of origination at June 30, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
(Dollars in thousands)20222021202020192018Prior
Term lending$540 $937 $1,291 $5,800 $300 $97 $— $8,965 $2,922 
Asset based lending— — — — — — 4,508 4,508 4,508 
Factoring— — — — — — 743 743 743 
Lease financing— — 1,286 2,083 464 11 — 3,844 — 
SBA/USDA— 23 1,249 — — 271 — 1,543 — 
Commercial finance540 960 3,826 7,883 764 379 5,251 19,603 8,173 
Total nonaccrual loans and leases$540 $960 $3,826 $7,883 $764 $379 $5,251 $19,603 $8,173 
Loans and leases that are 90 days or more delinquent and accruing by year of origination at June 30, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
(Dollars in thousands)20222021202020192018Prior
Term lending$285 $203 $85 $1 $— $39 $— $613 
Lease financing601 573 282 128 204 — — 1,788 
Insurance premium finance407 391 5 — — — — 803 
SBA/USDA— — 315 — — — — 315 
Commercial finance1,293 1,167 687 129 204 39 — 3,519 
Consumer credit products258 2,504 63 57 4 — — 2,886 
Other consumer finance— 83 — — — 532 — 615 
Consumer finance258 2,587 63 57 4 532 — 3,501 
Total 90 days or more delinquent and accruing$1,551 $3,754 $750 $186 $208 $571 $— $7,020 

Certain loans and leases 90 days or more past due as to interest or principal continue to accrue because they are (1) well-secured and in the process of collection or (2) consumer loans exempt under regulatory rules from being classified as nonaccrual until later delinquency, usually 120 days past due.

When analysis of borrower or lessee operating results and financial condition indicates that underlying cash flows of the borrower’s business are not adequate to meet its debt service requirements, the loan or lease is evaluated for impairment. Often, this is associated with a delay or shortfall in scheduled payments, as described above.

The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Term lending$11,114 $14,964 $11,908 $14,190 
Asset based lending3,500 127 4,502 591 
Factoring1,903 33 7,980 337 
Lease financing3,529 2,435 3,194 2,994 
SBA/USDA1,776 600 1,152 600 
Commercial finance21,822 18,159 28,736 18,712 
Community banking— 19,801 — 16,144 
Total loans and leases$21,822 $37,960 $28,736 $34,856 

The recognized interest income on the Company's nonaccrual loans and leases for the three and nine months ended June 30, 2022 and 2021 was not significant.

The Company’s troubled debt restructurings ("TDRs") typically involve forgiving a portion of interest or principal on existing loans, making loans at a rate materially less than current market rates, or extending the term of the loan. There were $0.2 million of commercial finance loans and $0.5 million of consumer finance loans that were modified in a TDR during the three months ended June 30, 2022, all of which were modified to extend the term of the loan. There were $3.7 million of commercial finance loans and $0.1 million of consumer finance loans that were modified in a TDR during the three months ended June 30, 2021, all of which were modified to extend the term of the loan, and no community banking loans.

During the nine months ended June 30, 2022, there were $10.4 million of commercial finance loans and $0.7 million of consumer finance loans that were modified in a TDR, all of which were modified to extend the term of the loan. There were $5.9 million of commercial finance loans and $0.2 million of consumer finance loans that were modified in a TDR during the nine months ended June 30, 2021 and no community banking loans.
During the nine months ended June 30, 2022, the Company had $1.4 million of commercial finance loans and $0.3 million of consumer finance loans that were modified in a TDR within the previous 12 months and for which there was a payment default. During the nine months ended June 30, 2021, the Company had $0.4 million of commercial finance loans and $0.1 million of consumer finance loans, and no community banking loans that were modified in a TDR within the previous 12 months and for which there was a payment default. TDR net charge-offs and the impact of TDRs on the Company's allowance for credit losses were insignificant during the nine months ended June 30, 2022 and June 30, 2021.
v3.22.2
EARNINGS PER COMMON SHARE ("EPS")
 9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")
The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the treasury stock method or the two-class method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect of the Company’s stock options, performance share units, and nonvested restricted stock, where applicable. Diluted EPS under the two-class method also considers the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.

A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$22,391 $38,701 $132,966 $125,805 
Dividends and undistributed earnings allocated to participating securities(377)(729)(2,166)(2,411)
Basic net earnings available to common stockholders22,014 37,972 130,800 123,394 
Undistributed earnings allocated to nonvested restricted stockholders352 699 2,093 2,318 
Reallocation of undistributed earnings to nonvested restricted stockholders(352)(699)(2,092)(2,316)
Diluted net earnings available to common stockholders$22,014 $37,972 $130,801 $123,396 
Total weighted-average basic common shares outstanding28,868,136 31,320,893 29,444,979 31,880,653 
Effect of dilutive securities(1)
Performance share units— 18,054 9,607 19,944 
Total effect of dilutive securities— 18,054 9,607 19,944 
Total weighted-average diluted common shares outstanding28,868,136 31,338,947 29,454,586 31,900,597 
Net earnings per common share:
Basic earnings per common share$0.76 $1.21 $4.44 $3.87 
Diluted earnings per common share(2)
$0.76 $1.21 $4.44 $3.87 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended June 30, 2022 and 2021, respectively, were 493,800 and 601,693 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2022 and 2021, respectively, were 487,538 and 622,954 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.2
RENTAL EQUIPMENT, NET
 9 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Computers and IT networking equipment$21,512 $17,683 
Motor vehicles and other98,684 87,396 
Office furniture and equipment57,228 48,828 
Solar panels and equipment129,479 125,457 
Total306,903 279,364 
Accumulated depreciation(86,266)(67,825)
Unamortized initial direct costs1,386 1,577 
Net book value$222,023 $213,116 
Undiscounted future minimum lease payments expected to be received for operating leases at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$9,524 
202336,218 
202428,143 
202520,536 
202612,132 
Thereafter15,684 
Total undiscounted future minimum lease payments receivable for operating leases$122,237 
v3.22.2
GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETSThe Company held a total of $309.5 million of goodwill at June 30, 2022. The recorded goodwill is a result of multiple business combinations that have been consummated since fiscal year 2015, with the most recent pursuant to the Crestmark Acquisition that closed on August 1, 2018. Goodwill is assessed for impairment at least annually or more often if conditions indicate a possible impairment. The assessment is done at a reporting unit level, which is one level below the operating segments. See Note 14. Segment Reporting for additional information on the Company's segment reporting. There have been no changes to the carrying amount of goodwill during the nine months ended June 30, 2022.
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Intangible Assets
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(871)(40)(3,884)(393)(5,188)
Write-offs during the period— — (670)(203)(873)
At June 30, 2022$8,952 $— $13,314 $4,822 $27,088 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(5,672)(2,481)(57,856)(4,900)(70,909)
Accumulated impairment— — (10,918)(218)(11,136)
At June 30, 2022$8,952 $— $13,314 $4,822 $27,088 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 14 14 
Amortization during the period(816)(286)(5,202)(480)(6,784)
Write-offs during the period— — — (24)(24)
At June 30, 2021$10,085 $136 $19,131 $5,546 $34,898 
Gross carrying amount$14,624 $2,481 $82,088 $10,131 $109,324 
Accumulated amortization(4,539)(2,345)(52,709)(4,367)(63,960)
Accumulated impairment— — (10,248)(218)(10,466)
At June 30, 2021$10,085 $136 $19,131 $5,546 $34,898 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.

The estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining three months of fiscal 2022 and subsequent fiscal years was as follows:
(Dollars in thousands)
Remaining in 2022$1,397 
20234,938 
20244,124 
20253,562 
20263,216 
Thereafter9,851 
Total anticipated intangible amortization$27,088 

The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. There were no impairments to intangible assets during the nine months ended June 30, 2022 and 2021. Intangible expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.22.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 9 Months Ended
Jun. 30, 2022
Leases [Abstract]  
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
Operating lease ROU assets, included in other assets, were $31.0 million and $35.4 million at June 30, 2022 and 2021, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $32.9 million and $37.6 million at June 30, 2022 and 2021, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$1,102 
20233,946 
20243,913 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 37,606 
Discount(4,750)
Total operating lease liabilities$32,856 

The weighted-average discount rate and remaining lease term for operating leases at June 30, 2022 were as follows:
Weighted-average discount rate2.34 %
Weighted-average remaining lease term (years)10.57

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Lease expense$1,119 $1,191 $3,375 $3,136 
Short-term and variable lease cost58 35 133 167 
ROU asset impairment670 — 670 224 
Sublease income(375)(126)(906)(411)
Total lease cost for operating leases$1,472 $1,100 $3,272 $3,116 
v3.22.2
STOCKHOLDERS' EQUITY
 9 Months Ended
Jun. 30, 2022
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock
The Company's Board of Directors authorized the November 20, 2019 share repurchase program to repurchase up to 7,500,000 shares of the Company's outstanding common stock. All remaining shares available for repurchase under this program were repurchased during the fiscal 2022 first quarter. This authorization is effective from November 21, 2019 through December 31, 2022. On September 7, 2021, the Company's Board of Directors announced a new share repurchase program to repurchase up to an additional 6,000,000 shares of the Company's outstanding common stock. This authorization is effective from September 3, 2021 through September 30, 2024. During the nine months ended June 30, 2022, and 2021, the Company repurchased 2,447,699 and 2,599,458 shares, respectively, as part of the share repurchase programs.
Under the repurchase programs, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of June 30, 2022, 4,868,177 shares of common stock remained available for repurchase.
For the nine months ended June 30, 2022, and 2021, the Company also repurchased 67,158 and 84,950 shares, or $3.8 million and $2.0 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.
v3.22.2
STOCK COMPENSATION
 9 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
The Company maintains the Meta Financial Group, Inc. 2002 Omnibus Incentive Plan, as amended and restated (the "2002 Omnibus Incentive Plan"), which, among other things, provides for the awarding of stock options, nonvested (restricted) shares, and performance share units ("PSUs") to certain officers and directors of the Company. Awards are granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

Compensation expense for share-based awards is recorded over the vesting period at the fair value of the award at the time of the grant. The exercise price of options or fair value of nonvested (restricted) shares and performance share units granted under the Company’s 2002 Omnibus Incentive Plan is equal to the fair market value of the underlying stock at the grant date, adjusted for dividends where applicable. The Company has elected, with the adoption of ASU 2016-09, to record forfeitures as they occur.

The following tables show the activity of nonvested (restricted) shares and PSUs granted, vested, or forfeited under the 2002 Omnibus Incentive Plan for the nine months ended June 30, 2022. There were no options granted, exercised, or forfeited under this plan during the nine months ended June 30, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2021
547,063 $30.22 
Granted166,389 57.14 
Vested(208,156)34.68 
Forfeited or expired(19,762)42.98 
Nonvested shares outstanding, June 30, 2022
485,534 $37.02 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,984 $34.03 
Granted(1)
35,705 57.20 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, June 30, 2022
96,689 $42.59 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.

At June 30, 2022, stock-based compensation expense not yet recognized in income totaled $8.4 million, which is expected to be recognized over a weighted average remaining period of 1.51 years.
v3.22.2
INCOME TAXES
 9 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company recorded an income tax expense of $29.2 million for the nine months ended June 30, 2022, resulting in an effective tax rate of 17.77%, compared to an income tax expense of $9.6 million, or an effective tax rate of 6.92%, for the nine months ended June 30, 2021. The Company’s effective tax rate was lower than the U.S. statutory rate of 21% primarily because of the anticipated effect of investment tax credits during fiscal year 2022. The Company’s effective tax rate in the future will depend in part on actual investment tax credits earned as part of its financing of solar energy projects.
The table below compares the income tax expense components for the periods presented.
Nine Months Ended June 30,
(Dollars in thousands)20222021
Provision at statutory rate$34,063 $28,435 
Tax-exempt income(541)(674)
State income taxes6,728 6,120 
Interim period effective rate adjustment(2,849)(5,181)
Tax credit investments, net - federal(6,994)(18,854)
Research tax credit(355)(323)
IRC 162(m) nondeductible compensation801 677 
Other, net(1,617)(600)
Income tax expense$29,236 $9,600 
Effective tax rate17.77 %6.92 %
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
 9 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERSTopic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended June 30,20222021202220212022202120222021
Net interest income(1)
$23,213 $23,132 $46,802 $44,850 $2,136 $493 $72,151 $68,475 
Noninterest income:
Refund transfer product fees10,289 12,073 — — — — 10,289 12,073 
Tax advance product fees(1)
(20)891 — — — — (20)891 
Payment card and deposit fees24,673 29,203 — — — — 24,673 29,203 
Other bank and deposit fees— — 252 334 10 4 262 338 
Rental income(1)
— 6 11,890 9,970 192 — 12,082 9,976 
Net gain realized on investment securities(1)
— — — — 198 — 198 — 
Gain (loss) on sale of other(1)
— — 1,239 5,982 — (27)1,239 5,955 
Other income(1)
1,284 1,056 2,479 1,702 1,508 1,259 5,271 4,017 
Total noninterest income36,226 43,229 15,860 17,988 1,908 1,236 53,994 62,453 
Revenue$59,439 $66,361 $62,662 $62,838 $4,044 $1,729 $126,145 $130,928 
Nine Months Ended June 30,
Net interest income(1)
$79,323 $70,205 $136,923 $129,461 $11,318 $8,658 $227,564 $208,324 
Noninterest income:
Refund transfer product fees38,674 35,400 — — — — 38,674 35,400 
Tax advance product fees(1)
40,513 47,413 — — — — 40,513 47,413 
Payment card and deposit fees76,075 81,641 — — — — 76,075 81,641 
Other bank and deposit fees— — 728 694 22 15 750 709 
Rental income(1)
— 16 34,192 29,691 342 — 34,534 29,707 
Net gain realized on investment securities(1)
— — — — 595 6 595 6 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 7,331 10,198 (8,932)737 (1,601)10,935 
Other income(1)
3,434 2,135 8,103 6,511 (726)6,904 10,811 15,550 
Total noninterest income158,696 166,605 50,354 47,094 41,301 7,662 250,351 221,361 
Revenue$238,019 $236,810 $187,277 $176,555 $52,619 $16,320 $477,915 $429,685 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.

Following is a discussion of key revenues within the scope of Topic 606. The Company provides services to customers that have related performance obligations that must be completed to recognize revenue. Revenues are generally recognized immediately upon the completion of the service or over time as services are performed. Any services performed over time generally require that the Company renders services each period; therefore, the Company measures progress in completing these services based upon the passage of time. Revenue from contracts with customers did not generate significant contract assets and liabilities.

Refund Transfer Product Fees. Refund transfer fees are specific to the tax products offered by Refund Advantage and EPS. These fees are for products, services such as payment processing, and product referral commissions. Software partner fees paid and/or incurred are recorded on a net basis. The Company’s obligation for product fees and commissions is satisfied at the time of the product delivery and obligation for payment processing is satisfied at the time of processing. The transaction price for such activity is based upon stand-alone fees within the terms and conditions. At June 30, 2022 and September 30, 2021, there were no receivables related to refund transfer fees, which reflect earned revenue with unconditional rights to payment for product fee income. All refund transfer fees are recorded within the Consumer reporting segment.
Card Fees. Card fees relate to Banking-as-a-Service. These fees are for products and services such as card activation, product support, processing, and servicing. The Company earns these fees based upon the underlying terms and conditions with each cardholder over the contract term. Agreements with the Company’s cardholders are considered daily service contracts as they are not fixed in duration. The Company’s obligation for card activation and product support fees is satisfied at the time of product delivery, while the obligation for processing and servicing is satisfied over the course of each month. The transaction price for such activity is based upon the stand-alone fees within the terms and conditions of the cardholder agreements. Card fee revenue also includes income from sponsorships, associations and networks, and interchange income. Sponsorship income relates to fees charged to the Company’s ATM sponsorship partners, where the obligation is satisfied over the course of each month. Association and network income reflect incentives, performance bonuses and rebates with MasterCard and Visa. The obligation for such income is satisfied at the time when certain thresholds of transaction volume have been met. Interchange income is generated by cardholder activity, and therefore the Company’s obligations are satisfied as activity occurs. The transaction price for such activity is based on underlying rates and activity thresholds within the terms and conditions of the applicable agreements. Card fee revenue also includes breakage revenue. Breakage represents the estimated amount that will not be redeemed by the holder of unregistered, unused prepaid cards for goods or services. Breakage revenue is recognized ratably over the expected customer usage period and is an estimate based on cardholder behavior and breakage rates. Breakage is also impacted by escheatment laws. Card fees are recorded within both the Consumer and Commercial reporting segments, the substantial majority of which is derived from the Company's payments divisions and reported in payments card and deposit fees. Card fees not related to the Company's payments divisions are reported within other bank and deposit fees.

Bank and Deposit Fees. Fees are earned on depository accounts for consumer and commercial customers and include fees for account services, overdraft services, and event-driven services (i.e. returned checks, ATM surcharge, card replacement, and wire transfers). The Company’s obligation for event-driven services is satisfied at the time of the event when the service is delivered, while its obligation for account services is satisfied over the course of each month. The Company’s obligation for overdraft services is satisfied at the time of overdraft. The transaction price for such activity is based upon stand-alone fees within the terms and conditions of the deposit agreements. Bank and deposit fees are recorded within both the Consumer and Commercial reporting segments, the majority of which are derived from the Company's payments divisions.

Principal vs Agent. The Consumer reporting segment includes principal/agent relationships. Within this segment, Pathward Payments division relationships are recorded on a gross basis within the Condensed Consolidated Statements of Operations, as Pathward is the principal in the contract, with the exception of association/network contracts and partner/processor contracts for prepaid cards, which are recorded on a net basis within the Condensed Consolidated Statements of Operations as Pathward is the agent in these contracts. Also within this segment, Tax Service relationships are recorded on a gross basis within the Condensed Consolidated Statements of Operations, as Pathward is the principal in the contract, with the exception of contracts with software providers and merchants, which are recorded on a net basis within the Condensed Consolidated Statements of Operations as Pathward is the agent in these contracts.
v3.22.2
SEGMENT REPORTING
 9 Months Ended
Jun. 30, 2022
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 Payments and Tax Services divisions, as well as the Consumer Credit Products business line, are reported in the Consumer segment. The commercial finance, insurance premium finance and ClearBalance divisions are reported in the Commercial segment. The Community Bank division and Student Loan lending portfolio are included in the Corporate Services/Other segment. The Corporate Services/Other segment also includes certain shared services as well as treasury related functions such as the investment portfolio, warehouse finance, wholesale deposits and borrowings. The Company does not report indirect general and administrative expenses in the Consumer and Commercial segments.
The following tables present segment data for the Company:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended June 30,20222021202220212022202120222021
Net interest income$23,213 $23,132 $46,802 $44,850 $2,136 $493 $72,151 $68,475 
Provision for credit losses(279)4,507 (752)870 (271)(765)(1,302)4,612 
Noninterest income36,226 43,229 15,860 17,988 1,908 1,236 53,994 62,453 
Noninterest expense23,960 20,561 31,336 28,605 41,354 32,358 96,650 81,523 
Income (loss) before income tax expense35,758 41,294 32,078 33,363 (37,039)(29,864)30,797 44,793 
Total assets373,019 319,911 3,457,004 3,104,083 2,898,155 3,627,818 6,728,178 7,051,812 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,573,768 5,713,309 11,177 10,829 125,854 164,733 5,710,799 5,888,871 
Nine Months Ended June 30,
Net interest income$79,323 $70,205 $136,923 $129,461 $11,318 $8,658 $227,564 $208,324 
Provision (reversal of) for credit losses30,667 34,893 13,045 9,540 (12,526)(3,442)31,186 40,991 
Noninterest income158,696 166,605 50,354 47,094 41,301 7,662 250,351 221,361 
Noninterest expense73,509 68,906 95,845 83,606 112,892 97,555 282,246 250,068 
Income (loss) before income tax expense133,843 133,010 78,387 83,409 (47,747)(77,793)164,483 138,626 
Total assets373,019 319,911 3,457,004 3,104,083 2,898,155 3,627,818 6,728,178 7,051,812 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,573,768 5,713,309 11,177 10,829 125,854 164,733 5,710,799 5,888,871 
v3.22.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 9 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
ASC 820, Fair Value Measurements defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system and requires disclosures about fair value measurement. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts.

The fair value hierarchy is as follows:

Level 1 Inputs - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access at measurement date.

Level 2 Inputs - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which significant assumptions are observable in the market.

Level 3 Inputs - Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability.

Debt Securities Available for Sale and Held to Maturity. Debt securities available for sale are recorded at fair value on a recurring basis and debt securities held to maturity are carried at amortized cost.
 
The fair value of debt securities available for sale, categorized primarily as Level 2, is recorded using prices obtained from independent asset pricing services that are based on observable transactions, but not quoted markets. Management reviews the prices obtained from independent asset pricing services for unusual fluctuations and compares to current market trading activity.
Equity Securities. Marketable equity securities and certain non-marketable equity securities are recorded at fair value on a recurring basis. The fair values of marketable equity securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs).

The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At June 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$23,438 $— $23,438 $— 
SBA securities81,349 — 81,349 — 
Obligations of states and political subdivisions2,641 — 2,641 — 
Non-bank qualified obligations of states and political subdivisions244,961 — 244,961 — 
Asset-backed securities159,332 — 159,332 — 
Mortgage-backed securities1,444,802 — 1,444,802 — 
Total debt securities AFS$1,956,523 $— $1,956,523 $— 
Common equities and mutual funds(1)
$3,065 $3,065 $— $— 
Non-marketable equity securities(2)
$6,494 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022 and September 30, 2021.
(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.

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities157,209 — 157,209 — 
Obligations of states and political subdivisions2,507 — 2,507 — 
Non-bank qualified obligations of states and political subdivisions268,295 — 268,295 — 
Asset-backed securities394,859 — 394,859 — 
Mortgage-backed securities1,017,029 — 1,017,029 — 
Total debt securities AFS$1,864,899 $— $1,864,899 $— 
Common equities and mutual funds(1)
$12,668 $12,668 $— $— 
Non-marketable equity securities(2)
$4,560 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022 and September 30, 2021.
(2) Consists of 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.

Foreclosed Real Estate and Repossessed Assets. Real estate properties and repossessed assets are initially recorded at the fair value less selling costs at the date of foreclosure, establishing a new cost basis. The carrying amount represents the lower of the new cost basis or the fair value less selling costs of foreclosed assets that were measured at fair value subsequent to their initial classification as foreclosed assets.

Loans and Leases. The Company does not record loans and leases at fair value on a recurring basis. However, if a loan or lease is individually evaluated for risk of credit loss and repayment is expected to be solely provided by the values of the underlying collateral, the Company measures fair value on a nonrecurring basis. Fair value is determined by the fair value of the underlying collateral less estimated costs to sell. The fair value of the collateral is determined based on internal estimates and/or assessments provided by third-party appraisers and the valuation relies on discount rates ranging from 4% to 42%.
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 non-recurring basis:
 Fair Value At June 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$2,172 $— $— $2,172 
    Total loans and leases, net individually evaluated
    for credit loss		2,172 — — 2,172 
Foreclosed assets, net13 — — 13 
Total$2,185 $— $— $2,185 

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$3,404 $— $— $3,404 
Community banking9,371 — — 9,371 
    Total loans and leases, net individually evaluated
    for credit loss		12,775 — — 12,775 
Foreclosed assets, net2,077 — — 2,077 
Total$14,852 $— $— $14,852 

 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2022
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$2,172 12,775 Market approach
Appraised values(1)
4% - 42%
Foreclosed assets, net$13 2,077 Market approach
Appraised values(1)
9% - 20%
(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 4% to 42%.

Management discloses the estimated fair value of financial instruments, including assets and liabilities on and off the Condensed Consolidated Statements of Financial Condition, for which it is practicable to estimate fair value. These fair value estimates were made at June 30, 2022 and September 30, 2021 based on relevant market information and information about financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or a liability could be settled. However, since there is no active market for certain financial instruments of the Company, the estimates of fair value are subjective in nature, involve uncertainties, and include matters of significant judgment. Changes in assumptions as well as tax considerations could significantly affect the estimated values. Accordingly, the aggregate fair value estimates are not intended to represent the underlying value of the Company, on either a going concern or a liquidation basis.
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
 At June 30, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$157,260 $157,260 $157,260 $— $— 
Debt securities available for sale1,956,523 1,956,523 — 1,956,523 — 
Debt securities held to maturity43,877 41,963 — 41,963 — 
Common equities and mutual funds(1)
3,065 3,065 3,065 — — 
Non-marketable equity securities(1)(2)
24,308 24,308 — 17,814 — 
Loans held for sale67,571 67,571 — 67,571 — 
Loans and leases3,683,519 3,614,486 — — 3,614,486 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable16,818 16,818 16,818 — — 
Financial liabilities
Deposits5,710,799 5,710,626 5,701,329 9,297 — 
Other short- and long-term borrowings16,616 16,420 — 16,420 — 
Accrued interest payable210 210 210 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022.
(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.
 At September 30, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$314,019 $314,019 $314,019 $— $— 
Debt securities available for sale1,864,899 1,864,899 — 1,864,899 — 
Debt securities held to maturity56,669 56,391 — 56,391 — 
Common equities and mutual funds(1)
12,668 12,668 12,668 — — 
Non-marketable equity securities(1)(2)
17,509 17,509 — 12,949 — 
Loans held for sale56,194 56,194 — 56,194 — 
Loans and leases3,607,815 3,616,646 — — 3,616,646 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable16,254 16,254 16,254 — — 
Financial liabilities
Deposits5,514,971 5,515,035 5,482,471 32,564 — 
Other short- and long-term borrowings92,834 93,938 — 93,938 — 
Accrued interest payable579 579 579 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at September 30, 2021.
(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.
v3.22.2
SUBSEQUENT EVENTS
 9 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Management has evaluated subsequent events that occurred after June 30, 2022. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management identified the following subsequent event:

•A majority of the Company's student loan portfolio is considered to be held for sale after becoming subject to a sale agreement that is expected to close in August. The Company's student loan portfolio was $83.3 million at June 30, 2022 and is included in the Other Consumer Finance loan category within Note 5. Loans and Leases, Net. The transaction is not expected to result in a material impact to net income.
v3.22.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 9 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Adopted ASUs
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2021 remain substantially unchanged. The following ASUs became effective for the Company on October 1, 2021, none of which had a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.
–ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs.
–ASU 2020-10, Codification Improvements.
v3.22.2
SECURITIES (Tables)
 9 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
Debt Securities AFS
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At June 30, 2022
Corporate securities$25,000 $— $(1,562)$23,438 
SBA securities84,506 247 (3,404)81,349 
Obligations of states and political subdivisions2,726 — (85)2,641 
Non-bank qualified obligations of states and political subdivisions260,069 29 (15,137)244,961 
Asset-backed securities171,623 — (12,291)159,332 
Mortgage-backed securities1,587,992 655 (143,845)1,444,802 
Total debt securities AFS$2,131,916 $931 $(176,324)$1,956,523 
At September 30, 2021
Corporate securities$25,000 $— $— $25,000 
SBA securities151,958 5,251 — 157,209 
Obligations of states and political subdivisions2,497 10 — 2,507 
Non-bank qualified obligations of states and political subdivisions266,048 3,347 (1,100)268,295 
Asset-backed securities393,103 3,003 (1,247)394,859 
Mortgage-backed securities1,016,478 9,728 (9,177)1,017,029 
Total debt securities AFS$1,855,084 $21,339 $(11,524)$1,864,899 
Securities Held to Maturity
Debt Securities HTM
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At June 30, 2022
Non-bank qualified obligations of states and political subdivisions$41,122 $— $(1,765)$39,357 
Mortgage-backed securities2,755 — (149)2,606 
Total debt securities HTM$43,877 $— $(1,914)$41,963 
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$52,944 $103 $(471)$52,576 
Mortgage-backed securities3,725 90 — 3,815 
Total debt securities HTM$56,669 $193 $(471)$56,391 
Schedule of Unrealized Loss on Investments, AFS
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 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At June 30, 2022
Corporate securities$23,438 $(1,562)$— $— $23,438 $(1,562)
SBA securities73,758 (3,404)— — 73,758 (3,404)
Obligations of state and political subdivisions2,401 (85)— — 2,401 (85)
Non-bank qualified obligations of states and political subdivisions237,769 (14,823)3,414 (314)241,183 (15,137)
Asset-backed securities96,852 (6,435)62,481 (5,856)159,333 (12,291)
Mortgage-backed securities1,033,772 (111,839)227,715 (32,006)1,261,487 (143,845)
Total debt securities AFS$1,467,990 $(138,148)$293,610 $(38,176)$1,761,600 $(176,324)
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$101,046 $(1,100)$— $— $101,046 $(1,100)
Asset-backed securities127,110 (283)91,553 (964)218,663 (1,247)
Mortgage-backed securities759,035 (7,418)60,792 (1,759)819,827 (9,177)
Total debt securities AFS$987,191 $(8,801)$152,345 $(2,723)$1,139,536 $(11,524)
Debt Securities HTM
At June 30, 2022
Non-bank qualified obligations of states and political subdivisions$35,121 $(1,530)$4,236 $(235)$39,357 $(1,765)
Mortgage-backed securities2,607 (149)— — 2,607 (149)
Total debt securities HTM$37,728 $(1,679)$4,236 $(235)$41,964 $(1,914)
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$26,096 $(471)$— $— $26,096 $(471)
Total debt securities HTM$26,096 $(471)$— $— $26,096 $(471)
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 that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("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)At June 30, 2022At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$950 $955 $810 $822 
Due after one year through five years10,797 10,489 13,026 13,378 
Due after five years through ten years68,339 63,705 50,785 52,357 
Due after ten years463,838 436,572 773,985 781,313 
543,924 511,721 838,606 847,870 
Mortgage-backed securities1,587,992 1,444,802 1,016,478 1,017,029 
Total securities AFS, at fair value$2,131,916 $1,956,523 $1,855,084 $1,864,899 

At June 30, 2022At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$41,122 $39,357 $52,944 $52,576 
41,122 39,357 52,944 52,576 
Mortgage-backed securities2,755 2,606 3,725 3,815 
Total securities HTM, at cost$43,877 $41,963 $56,669 $56,391 
v3.22.2
LOANS AND LEASES, NET (Tables)
 9 Months Ended
Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Term lending$1,047,764 $961,019 
Asset based lending402,506 300,225 
Factoring408,777 363,670 
Lease financing218,789 266,050 
Insurance premium finance481,219 428,867 
SBA/USDA215,510 247,756 
Other commercial finance173,338 157,908 
Commercial finance2,947,903 2,725,495 
Consumer credit products152,106 129,251 
Other consumer finance107,135 123,606 
Consumer finance259,241 252,857 
Tax services41,627 10,405 
Warehouse finance434,748 419,926 
Community banking— 199,132 
Total loans and leases3,683,519 3,607,815 
Net deferred loan origination costs5,047 1,748 
Total gross loans and leases3,688,566 3,609,563 
Allowance for credit losses(75,206)(68,281)
Total loans and leases, net$3,613,360 $3,541,282 
Schedule of Loans Purchased and Sold by Portfolio Segment
Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Loans Purchased
Loans held for investment:
Commercial finance$— $— $3,098 $— 
Warehouse finance19,657 46,153 105,472 142,389 
Community banking— 403 — 3,250 
Total purchases$19,657 $46,556 $108,570 $145,639 
Loans Sold
Loans held for sale:
Commercial finance$1,216 $45,695 $48,329 $81,996 
Consumer finance173,284 72,437 696,891 382,382 
Community banking— — 153,222 232,979 
Loans held for investment:
Commercial finance— — 15,549 — 
Community banking— 1,816 30,235 13,822 
Total sales$174,500 $119,948 $944,226 $711,179 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Carrying amount$226,347 $278,341 
Unguaranteed residual assets11,862 14,393 
Unamortized initial direct costs348 490 
Unearned income(19,420)(26,684)
Total net investment in direct financing and sales-type leases$219,137 $266,540 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$24,394 
202393,511 
202462,678 
202530,942 
202610,471 
Thereafter4,351 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases226,347 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$226,347 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended June 30, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$27,568 $9 $(3,086)$1,316 $25,807 
Asset based lending2,583 (1,553)— 295 1,325 
Factoring6,526 533 (194)268 7,133 
Lease financing6,471 (429)— 107 6,149 
Insurance premium finance1,057 583 (230)41 1,451 
SBA/USDA2,943 338 (408)25 2,898 
Other commercial finance1,197 (79)— — 1,118 
Commercial finance48,345 (598)(3,918)2,052 45,881 
Consumer credit products1,621 (170)— — 1,451 
Other consumer finance7,388 (205)(2,428)88 4,843 
Consumer finance9,009 (375)(2,428)88 6,294 
Tax services30,757 (166)(7,998)6 22,599 
Warehouse finance441 (9)— — 432 
Total loans and leases88,552 (1,148)(14,344)2,146 75,206 
Unfunded commitments(1)
551 (154)— — 397 
Total $89,103 $(1,302)$(14,344)$2,146 $75,603 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended June 30, 2021
(Dollars in thousands)Beginning Balance
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$27,315 $1,199 $(1,998)$515 $27,031 
Asset based lending1,749 21 — 212 1,982 
Factoring3,210 33 1 17 3,261 
Lease financing6,863 842 (916)130 6,919 
Insurance premium finance1,326 (1,200)(120)1,583 1,589 
SBA/USDA3,300 (171)— — 3,129 
Other commercial finance541 183 — — 724 
Commercial finance44,304 907 (3,033)2,457 44,635 
Consumer credit products990 21 — — 1,011 
Other consumer finance10,093 (180)(2,327)57 7,643 
Consumer finance11,083 (159)(2,327)57 8,654 
Tax services29,146 4,685 (9,505)17 24,343 
Warehouse finance332 — — — 332 
Community banking14,027 (783)— — 13,244 
Total loans and leases98,892 4,650 (14,865)2,531 91,208 
Unfunded commitments(1)
779 (38)— — 741 
Total $99,671 $4,612 $(14,865)$2,531 $91,949 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.

Nine Months Ended June 30, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $1,104 $(6,993)$2,345 $25,807 
Asset based lending1,726 (817)(16)432 1,325 
Factoring3,997 13,857 (11,057)336 7,133 
Lease financing7,629 (1,647)(112)279 6,149 
Insurance premium finance1,394 374 (514)197 1,451 
SBA/USDA2,978 517 (624)27 2,898 
Other commercial finance1,168 (50)— — 1,118 
Commercial finance48,243 13,338 (19,316)3,616 45,881 
Consumer credit products1,242 209 — — 1,451 
Other consumer finance6,112 2,513 (4,049)267 4,843 
Consumer finance7,354 2,722 (4,049)267 6,294 
Tax services2 28,093 (8,253)2,757 22,599 
Warehouse finance420 12 — — 432 
Community banking12,262 (12,686)— 424 — 
Total loans and leases68,281 31,479 (31,618)7,064 75,206 
Unfunded commitments(1)
690 (293)— — 397 
Total $68,971 $31,186 $(31,618)$7,064 $75,603 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
Nine Months Ended June 30, 2021
(Dollars in thousands)Beginning BalanceImpact of CECL Adoption
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $8,621 $(7,787)$987 $27,031 
Asset based lending1,406 164 1,399 (1,199)212 1,982 
Factoring3,027 987 (1,928)— 1,175 3,261 
Lease financing7,023 (556)2,375 (2,264)341 6,919 
Insurance premium finance2,129 (965)(609)(925)1,959 1,589 
SBA/USDA940 2,720 (532)— 1 3,129 
Other commercial finance182 364 178 — — 724 
Commercial finance29,918 12,713 9,504 (12,175)4,675 44,635 
Consumer credit products845 — 166 — — 1,011 
Other consumer finance2,821 5,998 1,568 (2,964)220 7,643 
Consumer finance3,666 5,998 1,734 (2,964)220 8,654 
Tax services2 — 32,819 (9,505)1,027 24,343 
Warehouse finance294 (1)39 — — 332 
Community banking22,308 (5,937)(2,983)(144)— 13,244 
Total loans and leases56,188 12,773 41,113 (24,788)5,922 91,208 
Unfunded commitments(1)
32 831 (122)— — 741 
Total $56,220 $13,604 $40,991 $(24,788)$5,922 $91,949 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Impaired Loans and Leases
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At June 30, 2022At September 30, 2021
Term lending$65,998 $20,965 
Asset based lending5,992 — 
Factoring27,333 1,268 
Lease financing11,684 3,882 
SBA/USDA1,249 — 
Commercial finance(1)
112,256 26,115 
Community banking— 14,915 
Total$112,256 $41,030 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.
The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Term lending$11,114 $14,964 $11,908 $14,190 
Asset based lending3,500 127 4,502 591 
Factoring1,903 33 7,980 337 
Lease financing3,529 2,435 3,194 2,994 
SBA/USDA1,776 600 1,152 600 
Commercial finance21,822 18,159 28,736 18,712 
Community banking— 19,801 — 16,144 
Total loans and leases$21,822 $37,960 $28,736 $34,856 
Asset Classification by Credit Quality Indicators of Loans and Leases The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At June 30, 202220222021202020192018Prior
Term lending
Pass$315,012 $233,436 $130,225 $39,691 $28,753 $6,710 $— $753,827 
Watch27,886 92,431 27,741 6,965 2,302 3,968 — 161,293 
Special Mention4,244 14,978 23,514 4,281 1,154 2,972 — 51,143 
Substandard18,744 19,436 25,688 13,185 2,565 97 — 79,715 
Doubtful346 404 465 538 33 — — 1,786 
Total366,232 360,685 207,633 64,660 34,807 13,747 — 1,047,764 
Asset based lending
Pass— — — — — — 223,126 223,126 
Watch— — — — — — 136,315 136,315 
Special Mention— — — — — — 36,909 36,909 
Substandard— — — — — — 6,156 6,156 
Total— — — — — — 402,506 402,506 
Factoring
Pass— — — — — — 287,281 287,281 
Watch— — — — — — 76,517 76,517 
Special Mention— — — — — — 13,858 13,858 
Substandard— — — — — — 31,101 31,101 
Doubtful— — — — — — 20 20 
Total— — — — — — 408,777 408,777 
Lease financing
Pass30,491 50,142 53,187 8,696 5,702 29 — 148,247 
Watch308 7,534 10,514 6,113 645 17 — 25,131 
Special Mention708 13,303 4,775 1,917 236 21 — 20,960 
Substandard— 5,948 11,126 4,409 320 11 — 21,814 
Doubtful— 165 1,207 1,147 118 — — 2,637 
Total31,507 77,092 80,809 22,282 7,021 78 — 218,789 
Insurance premium finance
Pass473,925 6,683 23 2 — — — 480,633 
Watch64 71 — — — — — 135 
Special Mention138 192 — — — — — 330 
Substandard19 28 — — — — — 47 
Doubtful43 31 — — — — — 74 
Total474,189 7,005 23 2 — — — 481,219 
SBA/USDA
Pass65,066 47,690 15,532 10,724 13,748 7,807 — 160,567 
Watch3,077 — 19,513 3,154 1,092 2,883 — 29,719 
Special Mention— — 1,551 212 — 286 — 2,049 
Substandard— — 2,705 8,520 9,695 1,918 — 22,838 
Doubtful— 23 314 — — — — 337 
Total68,143 47,713 39,615 22,610 24,535 12,894 — 215,510 
Other commercial finance
Pass20,261 29,369 865 8,914 2,374 67,248 — 129,031 
Watch— 20,000 13,282 — — — — 33,282 
Substandard164 9,789 — — 265 807 — 11,025 
Total20,425 59,158 14,147 8,914 2,639 68,055 — 173,338 
Warehouse finance
Pass— — — — — — 434,748 434,748 
Total— — — — — — 434,748 434,748 
Total loans and leases
Pass904,755 367,320 199,832 68,027 50,577 81,794 945,155 2,617,460 
Watch31,335 120,036 71,050 16,232 4,039 6,868 212,832 462,392 
Special Mention5,090 28,473 29,840 6,410 1,390 3,279 50,767 125,249 
Substandard18,927 35,201 39,519 26,114 12,845 2,833 37,257 172,696 
Doubtful389 623 1,986 1,685 151 — 20 4,854 
Total$960,496 $551,653 $342,227 $118,468 $69,002 $94,774 $1,246,031 $3,382,651 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202120212020201920182017Prior
Term lending
Pass$362,443 $192,305 $63,708 $34,381 $3,195 $1,236 $— $657,268 
Watch63,046 71,701 32,941 21,419 76 3,628 — 192,811 
Special Mention6,422 26,673 4,821 932 70 633 — 39,551 
Substandard18,569 16,810 26,920 3,529 928 641 — 67,397 
Doubtful252 1,673 1,756 311 — — — 3,992 
Total450,732 309,162 130,146 60,572 4,269 6,138 — 961,019 
Asset based lending
Pass— — — — — — 185,432 185,432 
Watch— — — — — — 52,072 52,072 
Special Mention— — — — — — 43,135 43,135 
Substandard— — — — — — 19,586 19,586 
Total— — — — — — 300,225 300,225 
Factoring
Pass— — — — — — 294,124 294,124 
Watch— — — — — — 17,984 17,984 
Special Mention— — — — — — 33,035 33,035 
Substandard— — — — — — 18,527 18,527 
Total— — — — — — 363,670 363,670 
Lease financing
Pass54,434 73,629 17,153 7,511 1,857 203 — 154,787 
Watch22,061 20,455 9,274 2,739 1,454 — — 55,983 
Special Mention15,402 20,595 4,148 1,546 61 — — 41,752 
Substandard479 4,765 4,981 831 25 — — 11,081 
Doubtful— 6 2,402 38 1 — — 2,447 
Total92,376 119,450 37,958 12,665 3,398 203 — 266,050 
Insurance premium finance
Pass428,131 144 9 — — — — 428,284 
Watch262 5 — — — — — 267 
Special Mention58 5 — — — — — 63 
Substandard68 107 — — — — — 175 
Doubtful58 20 — — — — — 78 
Total428,577 281 9 — — — — 428,867 
SBA/USDA
Pass110,122 37,006 14,461 12,760 6,525 3,779 — 184,653 
Watch— 20,431 1,996 1,670 1,394 298 — 25,789 
Special Mention— 8,333 214 3,348 177 919 — 12,991 
Substandard— 3,812 9,550 8,079 2,169 713 — 24,323 
Total110,122 69,582 26,221 25,857 10,265 5,709 — 247,756 
Other commercial finance
Pass56,957 642 5,786 6,075 3,345 60,965 — 133,770 
Watch— 17,404 3,409 451 — — — 21,264 
Substandard466 — — 273 837 1,299 — 2,875 
Total57,423 18,046 9,195 6,799 4,182 62,264 — 157,909 
Warehouse finance
Pass— — — — — — 419,926 419,926 
Total— — — — — — 419,926 419,926 
Community banking
Pass— — 4,159 — 5,683 472 — 10,314 
Watch— 10,134 — 10,854 6,133 — — 27,121 
Special Mention— — 35,916 — — — — 35,916 
Substandard— 119 49,449 50,626 13,933 6,110 — 120,237 
Doubtful— 122 — 5,422 — — — 5,544 
Total— 10,375 89,524 66,902 25,749 6,582 — 199,132 
Total loans and leases
Pass1,012,088 303,727 105,274 60,727 20,605 66,655 899,481 2,468,557 
Watch85,369 140,131 47,620 37,132 9,057 3,926 70,056 393,291 
Special Mention21,882 55,606 45,099 5,826 307 1,552 76,171 206,443 
Substandard19,584 25,613 90,900 63,338 17,891 8,762 38,113 264,201 
Doubtful310 1,822 4,158 5,770 1 — — 12,061 
Total$1,139,233 $526,899 $293,051 $172,793 $47,861 $80,895 $1,083,821 $3,344,553 
Past Due Loans and Leases
Past due loans and leases were as follows:
At June 30, 2022
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $67,571 $67,571 $— $— $— 
Term lending4,882 1,960 3,483 10,325 1,037,439 1,047,764 613 8,965 9,578 
Asset based lending— — — — 402,506 402,506 — 4,508 4,508 
Factoring— — — — 408,777 408,777 — 743 743 
Lease financing8,708 1,584 3,345 13,637 205,152 218,789 1,788 3,844 5,632 
Insurance premium finance1,565 611 803 2,979 478,240 481,219 803 — 803 
SBA/USDA271 — 1,564 1,835 213,675 215,510 315 1,543 1,858 
Other commercial finance— — — — 173,338 173,338 — — — 
Commercial finance15,426 4,155 9,195 28,776 2,919,127 2,947,903 3,519 19,603 23,122 
Consumer credit products3,298 3,039 2,886 9,223 142,883 152,106 2,886 — 2,886 
Other consumer finance510 437 615 1,562 105,573 107,135 615 — 615 
Consumer finance3,808 3,476 3,501 10,785 248,456 259,241 3,501 — 3,501 
Tax services— 41,627 — 41,627 — 41,627 — — — 
Warehouse finance— — — — 434,748 434,748 — — — 
Total loans and leases held for investment19,234 49,258 12,696 81,188 3,602,331 3,683,519 7,020 19,603 26,623 
Total loans and leases$19,234 $49,258 $12,696 $81,188 $3,669,902 $3,751,090 $7,020 $19,603 $26,623 
At September 30, 2021
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $56,194 $56,194 $— $— $— 
Term lending11,879 2,703 5,452 20,034 940,985 961,019 2,558 14,904 17,462 
Asset based lending— — — — 300,225 300,225 — — — 
Factoring— — — — 363,670 363,670 — 1,268 1,268 
Lease financing4,909 3,336 8,401 16,646 249,404 266,050 8,345 3,158 11,503 
Insurance premium finance1,415 375 599 2,389 426,478 428,867 599 — 599 
SBA/USDA66 974 987 2,027 245,729 247,756 987 — 987 
Other commercial finance— — — — 157,908 157,908 — — — 
Commercial finance18,269 7,388 15,439 41,096 2,684,399 2,725,495 12,489 19,330 31,819 
Consumer credit products713 527 511 1,751 127,500 129,251 511 — 511 
Other consumer finance963 285 725 1,973 121,633 123,606 725 — 725 
Consumer finance1,676 812 1,236 3,724 249,133 252,857 1,236 — 1,236 
Tax services— — 7,962 7,962 2,443 10,405 7,962 — 7,962 
Warehouse finance— — — — 419,926 419,926 — — — 
Community banking— — — — 199,132 199,132 — 14,915 14,915 
Total loans and leases held for investment19,945 8,200 24,637 52,782 3,555,033 3,607,815 21,687 34,245 55,932 
Total loans and leases$19,945 $8,200 $24,637 $52,782 $3,611,227 $3,664,009 $21,687 $34,245 $55,932 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination at June 30, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
(Dollars in thousands)20222021202020192018Prior
Term lending$540 $937 $1,291 $5,800 $300 $97 $— $8,965 $2,922 
Asset based lending— — — — — — 4,508 4,508 4,508 
Factoring— — — — — — 743 743 743 
Lease financing— — 1,286 2,083 464 11 — 3,844 — 
SBA/USDA— 23 1,249 — — 271 — 1,543 — 
Commercial finance540 960 3,826 7,883 764 379 5,251 19,603 8,173 
Total nonaccrual loans and leases$540 $960 $3,826 $7,883 $764 $379 $5,251 $19,603 $8,173 
Loans and leases that are 90 days or more delinquent and accruing by year of origination at June 30, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
(Dollars in thousands)20222021202020192018Prior
Term lending$285 $203 $85 $1 $— $39 $— $613 
Lease financing601 573 282 128 204 — — 1,788 
Insurance premium finance407 391 5 — — — — 803 
SBA/USDA— — 315 — — — — 315 
Commercial finance1,293 1,167 687 129 204 39 — 3,519 
Consumer credit products258 2,504 63 57 4 — — 2,886 
Other consumer finance— 83 — — — 532 — 615 
Consumer finance258 2,587 63 57 4 532 — 3,501 
Total 90 days or more delinquent and accruing$1,551 $3,754 $750 $186 $208 $571 $— $7,020 
v3.22.2
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$22,391 $38,701 $132,966 $125,805 
Dividends and undistributed earnings allocated to participating securities(377)(729)(2,166)(2,411)
Basic net earnings available to common stockholders22,014 37,972 130,800 123,394 
Undistributed earnings allocated to nonvested restricted stockholders352 699 2,093 2,318 
Reallocation of undistributed earnings to nonvested restricted stockholders(352)(699)(2,092)(2,316)
Diluted net earnings available to common stockholders$22,014 $37,972 $130,801 $123,396 
Total weighted-average basic common shares outstanding28,868,136 31,320,893 29,444,979 31,880,653 
Effect of dilutive securities(1)
Performance share units— 18,054 9,607 19,944 
Total effect of dilutive securities— 18,054 9,607 19,944 
Total weighted-average diluted common shares outstanding28,868,136 31,338,947 29,454,586 31,900,597 
Net earnings per common share:
Basic earnings per common share$0.76 $1.21 $4.44 $3.87 
Diluted earnings per common share(2)
$0.76 $1.21 $4.44 $3.87 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended June 30, 2022 and 2021, respectively, were 493,800 and 601,693 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the nine months ended June 30, 2022 and 2021, respectively, were 487,538 and 622,954 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.2
RENTAL EQUIPMENT, NET (Tables)
 9 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)June 30, 2022September 30, 2021
Computers and IT networking equipment$21,512 $17,683 
Motor vehicles and other98,684 87,396 
Office furniture and equipment57,228 48,828 
Solar panels and equipment129,479 125,457 
Total306,903 279,364 
Accumulated depreciation(86,266)(67,825)
Unamortized initial direct costs1,386 1,577 
Net book value$222,023 $213,116 
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$9,524 
202336,218 
202428,143 
202520,536 
202612,132 
Thereafter15,684 
Total undiscounted future minimum lease payments receivable for operating leases$122,237 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$1,102 
20233,946 
20243,913 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 37,606 
Discount(4,750)
Total operating lease liabilities$32,856 
v3.22.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Intangible Assets
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(871)(40)(3,884)(393)(5,188)
Write-offs during the period— — (670)(203)(873)
At June 30, 2022$8,952 $— $13,314 $4,822 $27,088 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(5,672)(2,481)(57,856)(4,900)(70,909)
Accumulated impairment— — (10,918)(218)(11,136)
At June 30, 2022$8,952 $— $13,314 $4,822 $27,088 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 14 14 
Amortization during the period(816)(286)(5,202)(480)(6,784)
Write-offs during the period— — — (24)(24)
At June 30, 2021$10,085 $136 $19,131 $5,546 $34,898 
Gross carrying amount$14,624 $2,481 $82,088 $10,131 $109,324 
Accumulated amortization(4,539)(2,345)(52,709)(4,367)(63,960)
Accumulated impairment— — (10,248)(218)(10,466)
At June 30, 2021$10,085 $136 $19,131 $5,546 $34,898 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense of intangible assets in the remaining three months of fiscal 2022 and subsequent fiscal years was as follows:
(Dollars in thousands)
Remaining in 2022$1,397 
20234,938 
20244,124 
20253,562 
20263,216 
Thereafter9,851 
Total anticipated intangible amortization$27,088 
v3.22.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$9,524 
202336,218 
202428,143 
202520,536 
202612,132 
Thereafter15,684 
Total undiscounted future minimum lease payments receivable for operating leases$122,237 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at June 30, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$1,102 
20233,946 
20243,913 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 37,606 
Discount(4,750)
Total operating lease liabilities$32,856 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases at June 30, 2022 were as follows:
Weighted-average discount rate2.34 %
Weighted-average remaining lease term (years)10.57

The components of total lease costs for operating leases were as follows:
Three Months Ended June 30,Nine Months Ended June 30,
(Dollars in thousands)2022202120222021
Lease expense$1,119 $1,191 $3,375 $3,136 
Short-term and variable lease cost58 35 133 167 
ROU asset impairment670 — 670 224 
Sublease income(375)(126)(906)(411)
Total lease cost for operating leases$1,472 $1,100 $3,272 $3,116 
v3.22.2
STOCK COMPENSATION (Tables)
 9 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following tables show the activity of nonvested (restricted) shares and PSUs granted, vested, or forfeited under the 2002 Omnibus Incentive Plan for the nine months ended June 30, 2022. There were no options granted, exercised, or forfeited under this plan during the nine months ended June 30, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2021
547,063 $30.22 
Granted166,389 57.14 
Vested(208,156)34.68 
Forfeited or expired(19,762)42.98 
Nonvested shares outstanding, June 30, 2022
485,534 $37.02 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,984 $34.03 
Granted(1)
35,705 57.20 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, June 30, 2022
96,689 $42.59 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
v3.22.2
INCOME TAXES (Tables)
 9 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.
Nine Months Ended June 30,
(Dollars in thousands)20222021
Provision at statutory rate$34,063 $28,435 
Tax-exempt income(541)(674)
State income taxes6,728 6,120 
Interim period effective rate adjustment(2,849)(5,181)
Tax credit investments, net - federal(6,994)(18,854)
Research tax credit(355)(323)
IRC 162(m) nondeductible compensation801 677 
Other, net(1,617)(600)
Income tax expense$29,236 $9,600 
Effective tax rate17.77 %6.92 %
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 9 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended June 30,20222021202220212022202120222021
Net interest income(1)
$23,213 $23,132 $46,802 $44,850 $2,136 $493 $72,151 $68,475 
Noninterest income:
Refund transfer product fees10,289 12,073 — — — — 10,289 12,073 
Tax advance product fees(1)
(20)891 — — — — (20)891 
Payment card and deposit fees24,673 29,203 — — — — 24,673 29,203 
Other bank and deposit fees— — 252 334 10 4 262 338 
Rental income(1)
— 6 11,890 9,970 192 — 12,082 9,976 
Net gain realized on investment securities(1)
— — — — 198 — 198 — 
Gain (loss) on sale of other(1)
— — 1,239 5,982 — (27)1,239 5,955 
Other income(1)
1,284 1,056 2,479 1,702 1,508 1,259 5,271 4,017 
Total noninterest income36,226 43,229 15,860 17,988 1,908 1,236 53,994 62,453 
Revenue$59,439 $66,361 $62,662 $62,838 $4,044 $1,729 $126,145 $130,928 
Nine Months Ended June 30,
Net interest income(1)
$79,323 $70,205 $136,923 $129,461 $11,318 $8,658 $227,564 $208,324 
Noninterest income:
Refund transfer product fees38,674 35,400 — — — — 38,674 35,400 
Tax advance product fees(1)
40,513 47,413 — — — — 40,513 47,413 
Payment card and deposit fees76,075 81,641 — — — — 76,075 81,641 
Other bank and deposit fees— — 728 694 22 15 750 709 
Rental income(1)
— 16 34,192 29,691 342 — 34,534 29,707 
Net gain realized on investment securities(1)
— — — — 595 6 595 6 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 7,331 10,198 (8,932)737 (1,601)10,935 
Other income(1)
3,434 2,135 8,103 6,511 (726)6,904 10,811 15,550 
Total noninterest income158,696 166,605 50,354 47,094 41,301 7,662 250,351 221,361 
Revenue$238,019 $236,810 $187,277 $176,555 $52,619 $16,320 $477,915 $429,685 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.
v3.22.2
SEGMENT REPORTING (Tables)
 9 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information of Entity
The following tables present segment data for the Company:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended June 30,20222021202220212022202120222021
Net interest income$23,213 $23,132 $46,802 $44,850 $2,136 $493 $72,151 $68,475 
Provision for credit losses(279)4,507 (752)870 (271)(765)(1,302)4,612 
Noninterest income36,226 43,229 15,860 17,988 1,908 1,236 53,994 62,453 
Noninterest expense23,960 20,561 31,336 28,605 41,354 32,358 96,650 81,523 
Income (loss) before income tax expense35,758 41,294 32,078 33,363 (37,039)(29,864)30,797 44,793 
Total assets373,019 319,911 3,457,004 3,104,083 2,898,155 3,627,818 6,728,178 7,051,812 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,573,768 5,713,309 11,177 10,829 125,854 164,733 5,710,799 5,888,871 
Nine Months Ended June 30,
Net interest income$79,323 $70,205 $136,923 $129,461 $11,318 $8,658 $227,564 $208,324 
Provision (reversal of) for credit losses30,667 34,893 13,045 9,540 (12,526)(3,442)31,186 40,991 
Noninterest income158,696 166,605 50,354 47,094 41,301 7,662 250,351 221,361 
Noninterest expense73,509 68,906 95,845 83,606 112,892 97,555 282,246 250,068 
Income (loss) before income tax expense133,843 133,010 78,387 83,409 (47,747)(77,793)164,483 138,626 
Total assets373,019 319,911 3,457,004 3,104,083 2,898,155 3,627,818 6,728,178 7,051,812 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,573,768 5,713,309 11,177 10,829 125,854 164,733 5,710,799 5,888,871 
v3.22.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At June 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$23,438 $— $23,438 $— 
SBA securities81,349 — 81,349 — 
Obligations of states and political subdivisions2,641 — 2,641 — 
Non-bank qualified obligations of states and political subdivisions244,961 — 244,961 — 
Asset-backed securities159,332 — 159,332 — 
Mortgage-backed securities1,444,802 — 1,444,802 — 
Total debt securities AFS$1,956,523 $— $1,956,523 $— 
Common equities and mutual funds(1)
$3,065 $3,065 $— $— 
Non-marketable equity securities(2)
$6,494 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022 and September 30, 2021.
(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.

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities157,209 — 157,209 — 
Obligations of states and political subdivisions2,507 — 2,507 — 
Non-bank qualified obligations of states and political subdivisions268,295 — 268,295 — 
Asset-backed securities394,859 — 394,859 — 
Mortgage-backed securities1,017,029 — 1,017,029 — 
Total debt securities AFS$1,864,899 $— $1,864,899 $— 
Common equities and mutual funds(1)
$12,668 $12,668 $— $— 
Non-marketable equity securities(2)
$4,560 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022 and September 30, 2021.
(2) Consists of 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.
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 non-recurring basis:
 Fair Value At June 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$2,172 $— $— $2,172 
    Total loans and leases, net individually evaluated
    for credit loss		2,172 — — 2,172 
Foreclosed assets, net13 — — 13 
Total$2,185 $— $— $2,185 

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$3,404 $— $— $3,404 
Community banking9,371 — — 9,371 
    Total loans and leases, net individually evaluated
    for credit loss		12,775 — — 12,775 
Foreclosed assets, net2,077 — — 2,077 
Total$14,852 $— $— $14,852 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
June 30, 2022
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$2,172 12,775 Market approach
Appraised values(1)
4% - 42%
Foreclosed assets, net$13 2,077 Market approach
Appraised values(1)
9% - 20%
(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 4% to 42%.
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:
 At June 30, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$157,260 $157,260 $157,260 $— $— 
Debt securities available for sale1,956,523 1,956,523 — 1,956,523 — 
Debt securities held to maturity43,877 41,963 — 41,963 — 
Common equities and mutual funds(1)
3,065 3,065 3,065 — — 
Non-marketable equity securities(1)(2)
24,308 24,308 — 17,814 — 
Loans held for sale67,571 67,571 — 67,571 — 
Loans and leases3,683,519 3,614,486 — — 3,614,486 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable16,818 16,818 16,818 — — 
Financial liabilities
Deposits5,710,799 5,710,626 5,701,329 9,297 — 
Other short- and long-term borrowings16,616 16,420 — 16,420 — 
Accrued interest payable210 210 210 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2022.
(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.
 At September 30, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$314,019 $314,019 $314,019 $— $— 
Debt securities available for sale1,864,899 1,864,899 — 1,864,899 — 
Debt securities held to maturity56,669 56,391 — 56,391 — 
Common equities and mutual funds(1)
12,668 12,668 12,668 — — 
Non-marketable equity securities(1)(2)
17,509 17,509 — 12,949 — 
Loans held for sale56,194 56,194 — 56,194 — 
Loans and leases3,607,815 3,616,646 — — 3,616,646 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable16,254 16,254 16,254 — — 
Financial liabilities
Deposits5,514,971 5,515,035 5,482,471 32,564 — 
Other short- and long-term borrowings92,834 93,938 — 93,938 — 
Accrued interest payable579 579 579 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at September 30, 2021.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.2
SIGNIFICANT EVENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Dec. 07, 2021
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unusual or Infrequent Item, or Both [Line Items]            
Proceeds from sale of trademarks         $ 50,000 $ 0
Noninterest income   $ 53,994   $ 62,453 250,351 $ 221,361
Purchase agreement receivable $ 10,000          
Noninterest rebranding expense   $ 3,400     $ 6,200  
Rebranding            
Unusual or Infrequent Item, or Both [Line Items]            
Cash received in purchase agreement 60,000          
Proceeds from sale of trademarks 50,000          
Noninterest income     $ 50,000      
Remaining consideration to be paid $ 10,000          
v3.22.2
SECURITIES - Narrative (Details)
 9 Months Ended
Jun. 30, 2022
USD ($)
security
Jun. 30, 2021
USD ($)
Sep. 30, 2021
USD ($)
Debt Securities, Available-for-sale [Line Items]      
AFS number of securities in an unrealized loss position (in securities) | security 166    
Federal reserve bank stock $ 19,700,000   $ 19,700,000
Federal home loan bank stock 9,100,000   8,700,000
Impairment recognized 0    
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,100,000   12,700,000
Unrealized losses on equity securities 3,800,000 $ 0  
Gain on security sold 300,000    
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 6,500,000   4,600,000
Gain on security sold 200,000    
Unrealized gains on equity securities 600,000 $ 400,000  
Equity securities without readily determinable fair value, amount $ 20,700,000   $ 16,000,000
v3.22.2
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 2,131,916 $ 1,855,084
Fair Value 1,956,523 1,864,899
Amortized Cost    
Due in one year or less 950 810
Due after one year through five years 10,797 13,026
Due after five years through ten years 68,339 50,785
Due after ten years 463,838 773,985
Total 543,924 838,606
Mortgage-backed securities 1,587,992 1,016,478
Fair Value    
Due in one year or less 955 822
Due after one year through five years 10,489 13,378
Due after five years through ten years 63,705 52,357
Due after ten years 436,572 781,313
Total 511,721 847,870
Mortgage-backed securities 1,444,802 1,017,029
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (1,562) 0
Fair Value 23,438 25,000
LESS THAN 12 MONTHS, Fair Value 23,438  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,562)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 23,438  
TOTAL, Gross Unrealized (Losses) (1,562)  
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 84,506 151,958
Gross Unrealized Gains 247 5,251
Gross Unrealized (Losses) (3,404) 0
Fair Value 81,349 157,209
LESS THAN 12 MONTHS, Fair Value 73,758  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (3,404)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 73,758  
TOTAL, Gross Unrealized (Losses) (3,404)  
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,726 2,497
Gross Unrealized Gains 0 10
Gross Unrealized (Losses) (85) 0
Fair Value 2,641 2,507
LESS THAN 12 MONTHS, Fair Value 2,401  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (85)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 2,401  
TOTAL, Gross Unrealized (Losses) (85)  
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 260,069 266,048
Gross Unrealized Gains 29 3,347
Gross Unrealized (Losses) (15,137) (1,100)
Fair Value 244,961 268,295
LESS THAN 12 MONTHS, Fair Value 237,769 101,046
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (14,823) (1,100)
OVER 12 MONTHS, Fair Value 3,414 0
OVER 12 MONTHS, Gross Unrealized (Losses) (314) 0
TOTAL, Fair Value 241,183 101,046
TOTAL, Gross Unrealized (Losses) (15,137) (1,100)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 171,623 393,103
Gross Unrealized Gains 0 3,003
Gross Unrealized (Losses) (12,291) (1,247)
Fair Value 159,332 394,859
LESS THAN 12 MONTHS, Fair Value 96,852 127,110
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (6,435) (283)
OVER 12 MONTHS, Fair Value 62,481 91,553
OVER 12 MONTHS, Gross Unrealized (Losses) (5,856) (964)
TOTAL, Fair Value 159,333 218,663
TOTAL, Gross Unrealized (Losses) (12,291) (1,247)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,587,992 1,016,478
Gross Unrealized Gains 655 9,728
Gross Unrealized (Losses) (143,845) (9,177)
Fair Value 1,444,802 1,017,029
LESS THAN 12 MONTHS, Fair Value 1,033,772 759,035
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (111,839) (7,418)
OVER 12 MONTHS, Fair Value 227,715 60,792
OVER 12 MONTHS, Gross Unrealized (Losses) (32,006) (1,759)
TOTAL, Fair Value 1,261,487 819,827
TOTAL, Gross Unrealized (Losses) (143,845) (9,177)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,131,916 1,855,084
Gross Unrealized Gains 931 21,339
Gross Unrealized (Losses) (176,324) (11,524)
Fair Value 1,956,523 1,864,899
LESS THAN 12 MONTHS, Fair Value 1,467,990 987,191
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (138,148) (8,801)
OVER 12 MONTHS, Fair Value 293,610 152,345
OVER 12 MONTHS, Gross Unrealized (Losses) (38,176) (2,723)
TOTAL, Fair Value 1,761,600 1,139,536
TOTAL, Gross Unrealized (Losses) $ (176,324) $ (11,524)
v3.22.2
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 43,877 $ 56,669
Gross Unrealized Gains 0 193
Gross Unrealized (Losses) (1,914) (471)
Fair Value 41,963 56,391
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 37,728 26,096
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,679) (471)
OVER 12 MONTHS, Fair Value 4,236 0
OVER 12 MONTHS, Gross Unrealized (Losses) (235) 0
TOTAL, Fair Value 41,964 26,096
TOTAL, Gross Unrealized (Losses) (1,914) (471)
Amortized Cost    
Due after ten years 41,122 52,944
Total 41,122 52,944
Mortgage-backed securities 2,755 3,725
Fair Value    
Due after ten years 39,357 52,576
Total 39,357 52,576
Mortgage-backed securities 2,606 3,815
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 41,122 52,944
Gross Unrealized Gains 0 103
Gross Unrealized (Losses) (1,765) (471)
Fair Value 39,357 52,576
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 35,121 26,096
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,530) (471)
OVER 12 MONTHS, Fair Value 4,236 0
OVER 12 MONTHS, Gross Unrealized (Losses) (235) 0
TOTAL, Fair Value 39,357 26,096
TOTAL, Gross Unrealized (Losses) (1,765) (471)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 2,755 3,725
Gross Unrealized Gains 0 90
Gross Unrealized (Losses) (149) 0
Fair Value 2,606 $ 3,815
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 2,607  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (149)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 2,607  
TOTAL, Gross Unrealized (Losses) $ (149)  
v3.22.2
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 3,683,519   $ 3,607,815      
Net deferred loan origination costs 5,047   1,748      
Total gross loans and leases 3,688,566   3,609,563      
Allowance for credit losses (75,206)   (68,281)      
Total loans and leases, net 3,613,360   3,541,282      
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 1,047,764   961,019      
Allowance for credit losses (25,807) $ (27,568) (29,351) $ (27,031) $ (27,315) $ (15,211)
National Lending | Asset based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 402,506   300,225      
Allowance for credit losses (1,325) (2,583) (1,726) (1,982) (1,749) (1,406)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 408,777   363,670      
Allowance for credit losses (7,133) (6,526) (3,997) (3,261) (3,210) (3,027)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 218,789   266,050      
Allowance for credit losses (6,149) (6,471) (7,629) (6,919) (6,863) (7,023)
National Lending | Insurance premium finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 481,219   428,867      
Allowance for credit losses (1,451) (1,057) (1,394) (1,589) (1,326) (2,129)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 215,510   247,756      
Allowance for credit losses (2,898) (2,943) (2,978) (3,129) (3,300) (940)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 173,338   157,908      
Allowance for credit losses (1,118) (1,197) (1,168) (724) (541) (182)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 2,947,903   2,725,495      
Allowance for credit losses (45,881) (48,345) (48,243) (44,635) (44,304) (29,918)
National Lending | Consumer credit products            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 152,106   129,251      
Allowance for credit losses (1,451) (1,621) (1,242) (1,011) (990) (845)
National Lending | Other consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 107,135   123,606      
Allowance for credit losses (4,843) (7,388) (6,112) (7,643) (10,093) (2,821)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 259,241   252,857      
Allowance for credit losses (6,294) (9,009) (7,354) (8,654) (11,083) (3,666)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 41,627   10,405      
Allowance for credit losses (22,599) (30,757) (2) (24,343) (29,146) (2)
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 434,748   419,926      
Allowance for credit losses (432) $ (441) (420) (332) (332) $ (294)
Community Banking            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 0   $ 199,132      
Allowance for credit losses       $ (13,244) $ (14,027)  
v3.22.2
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases to held for sale $ 169,045 $ 118,037  
Originated loans held for sale 769,672 472,935  
Proceeds from sale of loans held-for-sale 898,400 694,100  
Gain (loss) on sale of loans and leases (3,900) 9,800  
Loans and leases 3,688,566   $ 3,609,563
Community Bank      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Servicing fee expense 200 2,200 3,300
Additional loans sold $ 192,500 233,000 308,100
COVID-19 Pandemic      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Trial modifications, threshold of past due days prior to onset of pandemic effects 30 days    
Loans and leases still in deferment period $ 100    
Consumer finance portfolio segment      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 259,200   252,900
Tax services loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 41,600   $ 10,400
National Lending | Consumer Finance and SBA/USDA Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale $ 769,700 $ 472,900  
Minimum | COVID-19 Pandemic      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Trial modifications, payment deferral period 30 days    
Maximum | COVID-19 Pandemic      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Trial modifications, payment deferral period 6 months    
v3.22.2
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment $ 19,657 $ 46,556 $ 108,570 $ 145,639
Loans Sold, Loans held for sale     898,442 694,063
Loans Sold, Total sales 174,500 119,948 944,226 711,179
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 0 0 3,098 0
Loans Sold, Loans held for sale 1,216 45,695 48,329 81,996
Loans Sold, Loans held for investment 0 0 15,549 0
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 19,657 46,153 105,472 142,389
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Sold, Loans held for sale 173,284 72,437 696,891 382,382
Community Banking        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 0 403 0 3,250
Loans Sold, Loans held for sale 0 0 153,222 232,979
Loans Sold, Loans held for investment $ 0 $ 1,816 $ 30,235 $ 13,822
v3.22.2
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Net Investment in Lease [Abstract]    
Carrying amount $ 226,347 $ 278,341
Unguaranteed residual assets 11,862 14,393
Unamortized initial direct costs 348 490
Unearned income (19,420) (26,684)
Total net investment in direct financing and sales-type leases 219,137 $ 266,540
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]    
Remaining in 2022 24,394  
2023 93,511  
2024 62,678  
2025 30,942  
2026 10,471  
Thereafter 4,351  
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 226,347  
Third-party residual value guarantees 0  
Total carrying amount of direct financing and sales-type leases $ 226,347  
v3.22.2
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Allowance for Credit Losses [Roll Forward]        
Beginning Balance     $ 68,281  
Provision (Reversal) $ (1,302) $ 4,612 31,186 $ 40,991
Ending Balance 75,206   75,206  
Total Committed Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 88,552 98,892 68,281 56,188
Provision (Reversal) (1,148) 4,650 31,479 41,113
Charge-offs (14,344) (14,865) (31,618) (24,788)
Recoveries 2,146 2,531 7,064 5,922
Ending Balance 75,206 91,208 75,206 91,208
Total Committed Loans | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       12,773
Unfunded commitments        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 551 779 690 32
Provision (Reversal) (154) (38) (293) (122)
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 397 741 397 741
Unfunded commitments | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       831
Total Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 89,103 99,671 68,971 56,220
Provision (Reversal) (1,302) 4,612 31,186 40,991
Charge-offs (14,344) (14,865) (31,618) (24,788)
Recoveries 2,146 2,531 7,064 5,922
Ending Balance 75,603 91,949 75,603 91,949
Total Loans | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       13,604
National Lending | Term lending        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 27,568 27,315 29,351 15,211
Provision (Reversal) 9 1,199 1,104 8,621
Charge-offs (3,086) (1,998) (6,993) (7,787)
Recoveries 1,316 515 2,345 987
Ending Balance 25,807 27,031 25,807 27,031
National Lending | Term lending | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       9,999
National Lending | Asset based lending        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 2,583 1,749 1,726 1,406
Provision (Reversal) (1,553) 21 (817) 1,399
Charge-offs 0 0 (16) (1,199)
Recoveries 295 212 432 212
Ending Balance 1,325 1,982 1,325 1,982
National Lending | Asset based lending | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       164
National Lending | Factoring        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 6,526 3,210 3,997 3,027
Provision (Reversal) 533 33 13,857 (1,928)
Charge-offs (194) 1 (11,057) 0
Recoveries 268 17 336 1,175
Ending Balance 7,133 3,261 7,133 3,261
National Lending | Factoring | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       987
National Lending | Lease financing        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 6,471 6,863 7,629 7,023
Provision (Reversal) (429) 842 (1,647) 2,375
Charge-offs 0 (916) (112) (2,264)
Recoveries 107 130 279 341
Ending Balance 6,149 6,919 6,149 6,919
National Lending | Lease financing | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       (556)
National Lending | Insurance premium finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,057 1,326 1,394 2,129
Provision (Reversal) 583 (1,200) 374 (609)
Charge-offs (230) (120) (514) (925)
Recoveries 41 1,583 197 1,959
Ending Balance 1,451 1,589 1,451 1,589
National Lending | Insurance premium finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       (965)
National Lending | SBA/USDA        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 2,943 3,300 2,978 940
Provision (Reversal) 338 (171) 517 (532)
Charge-offs (408) 0 (624) 0
Recoveries 25 0 27 1
Ending Balance 2,898 3,129 2,898 3,129
National Lending | SBA/USDA | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       2,720
National Lending | Other commercial finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,197 541 1,168 182
Provision (Reversal) (79) 183 (50) 178
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 1,118 724 1,118 724
National Lending | Other commercial finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       364
National Lending | Commercial finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 48,345 44,304 48,243 29,918
Provision (Reversal) (598) 907 13,338 9,504
Charge-offs (3,918) (3,033) (19,316) (12,175)
Recoveries 2,052 2,457 3,616 4,675
Ending Balance 45,881 44,635 45,881 44,635
National Lending | Commercial finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       12,713
National Lending | Consumer credit products        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 1,621 990 1,242 845
Provision (Reversal) (170) 21 209 166
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 1,451 1,011 1,451 1,011
National Lending | Consumer credit products | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       0
National Lending | Other consumer finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 7,388 10,093 6,112 2,821
Provision (Reversal) (205) (180) 2,513 1,568
Charge-offs (2,428) (2,327) (4,049) (2,964)
Recoveries 88 57 267 220
Ending Balance 4,843 7,643 4,843 7,643
National Lending | Other consumer finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       5,998
National Lending | Consumer finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 9,009 11,083 7,354 3,666
Provision (Reversal) (375) (159) 2,722 1,734
Charge-offs (2,428) (2,327) (4,049) (2,964)
Recoveries 88 57 267 220
Ending Balance 6,294 8,654 6,294 8,654
National Lending | Consumer finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       5,998
National Lending | Tax services        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 30,757 29,146 2 2
Provision (Reversal) (166) 4,685 28,093 32,819
Charge-offs (7,998) (9,505) (8,253) (9,505)
Recoveries 6 17 2,757 1,027
Ending Balance 22,599 24,343 22,599 24,343
National Lending | Tax services | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       0
National Lending | Warehouse finance        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 441 332 420 294
Provision (Reversal) (9) 0 12 39
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 432 332 432 332
National Lending | Warehouse finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       (1)
Community Banking        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance   14,027    
Provision (Reversal)   (783)    
Charge-offs   0    
Recoveries   0    
Ending Balance   13,244   13,244
Community banking        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance     12,262 22,308
Provision (Reversal)     (12,686) (2,983)
Charge-offs     0 (144)
Recoveries     424 0
Ending Balance $ 0 $ 13,244 $ 0 13,244
Community banking | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       $ (5,937)
v3.22.2
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance $ 112,256 $ 41,030 $ 112,256 $ 41,030
Average recorded investment 21,822 37,960 28,736 34,856
National Lending | Term lending        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 65,998 20,965 65,998 20,965
Average recorded investment 11,114 14,964 11,908 14,190
National Lending | Asset based lending        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 5,992 0 5,992 0
Average recorded investment 3,500 127 4,502 591
National Lending | Factoring        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 27,333 1,268 27,333 1,268
Average recorded investment 1,903 33 7,980 337
National Lending | Lease financing        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 11,684 3,882 11,684 3,882
Average recorded investment 3,529 2,435 3,194 2,994
National Lending | SBA/USDA        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 1,249 0 1,249 0
Average recorded investment 1,776 600 1,152 600
National Lending | Commercial finance        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 112,256 26,115 112,256 26,115
Average recorded investment 21,822 18,159 28,736 18,712
Community Banking        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 0 14,915 0 14,915
Average recorded investment $ 0 $ 19,801 $ 0 $ 16,144
v3.22.2
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases $ 3,688,566 $ 3,609,563
Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 904,755 1,012,088
2021 367,320 303,727
2020 199,832 105,274
2019 68,027 60,727
2018 50,577 20,605
Prior 81,794 66,655
Revolving Loans and Leases 945,155 899,481
Total gross loans and leases 2,617,460 2,468,557
Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 31,335 85,369
2021 120,036 140,131
2020 71,050 47,620
2019 16,232 37,132
2018 4,039 9,057
Prior 6,868 3,926
Revolving Loans and Leases 212,832 70,056
Total gross loans and leases 462,392 393,291
Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 5,090 21,882
2021 28,473 55,606
2020 29,840 45,099
2019 6,410 5,826
2018 1,390 307
Prior 3,279 1,552
Revolving Loans and Leases 50,767 76,171
Total gross loans and leases 125,249 206,443
Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 18,927 19,584
2021 35,201 25,613
2020 39,519 90,900
2019 26,114 63,338
2018 12,845 17,891
Prior 2,833 8,762
Revolving Loans and Leases 37,257 38,113
Total gross loans and leases 172,696 264,201
Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 389 310
2021 623 1,822
2020 1,986 4,158
2019 1,685 5,770
2018 151 1
Prior 0 0
Revolving Loans and Leases 20 0
Total gross loans and leases 4,854 12,061
Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 960,496 1,139,233
2021 551,653 526,899
2020 342,227 293,051
2019 118,468 172,793
2018 69,002 47,861
Prior 94,774 80,895
Revolving Loans and Leases 1,246,031 1,083,821
Total gross loans and leases 3,382,651 3,344,553
National Lending | Term lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 315,012 362,443
2021 233,436 192,305
2020 130,225 63,708
2019 39,691 34,381
2018 28,753 3,195
Prior 6,710 1,236
Revolving Loans and Leases 0 0
Total gross loans and leases 753,827 657,268
National Lending | Term lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 27,886 63,046
2021 92,431 71,701
2020 27,741 32,941
2019 6,965 21,419
2018 2,302 76
Prior 3,968 3,628
Revolving Loans and Leases 0 0
Total gross loans and leases 161,293 192,811
National Lending | Term lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 4,244 6,422
2021 14,978 26,673
2020 23,514 4,821
2019 4,281 932
2018 1,154 70
Prior 2,972 633
Revolving Loans and Leases 0 0
Total gross loans and leases 51,143 39,551
National Lending | Term lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 18,744 18,569
2021 19,436 16,810
2020 25,688 26,920
2019 13,185 3,529
2018 2,565 928
Prior 97 641
Revolving Loans and Leases 0 0
Total gross loans and leases 79,715 67,397
National Lending | Term lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 346 252
2021 404 1,673
2020 465 1,756
2019 538 311
2018 33 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 1,786 3,992
National Lending | Term lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 366,232 450,732
2021 360,685 309,162
2020 207,633 130,146
2019 64,660 60,572
2018 34,807 4,269
Prior 13,747 6,138
Revolving Loans and Leases 0 0
Total gross loans and leases 1,047,764 961,019
National Lending | Asset based lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 223,126 185,432
Total gross loans and leases 223,126 185,432
National Lending | Asset based lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 136,315 52,072
Total gross loans and leases 136,315 52,072
National Lending | Asset based lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 36,909 43,135
Total gross loans and leases 36,909 43,135
National Lending | Asset based lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 6,156 19,586
Total gross loans and leases 6,156 19,586
National Lending | Asset based lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 402,506 300,225
Total gross loans and leases 402,506 300,225
National Lending | Factoring | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 287,281 294,124
Total gross loans and leases 287,281 294,124
National Lending | Factoring | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 76,517 17,984
Total gross loans and leases 76,517 17,984
National Lending | Factoring | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 13,858 33,035
Total gross loans and leases 13,858 33,035
National Lending | Factoring | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 31,101 18,527
Total gross loans and leases 31,101 18,527
National Lending | Factoring | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0  
2021 0  
2020 0  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 20  
Total gross loans and leases 20  
National Lending | Factoring | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 408,777 363,670
Total gross loans and leases 408,777 363,670
National Lending | Lease financing | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 30,491 54,434
2021 50,142 73,629
2020 53,187 17,153
2019 8,696 7,511
2018 5,702 1,857
Prior 29 203
Revolving Loans and Leases 0 0
Total gross loans and leases 148,247 154,787
National Lending | Lease financing | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 308 22,061
2021 7,534 20,455
2020 10,514 9,274
2019 6,113 2,739
2018 645 1,454
Prior 17 0
Revolving Loans and Leases 0 0
Total gross loans and leases 25,131 55,983
National Lending | Lease financing | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 708 15,402
2021 13,303 20,595
2020 4,775 4,148
2019 1,917 1,546
2018 236 61
Prior 21 0
Revolving Loans and Leases 0 0
Total gross loans and leases 20,960 41,752
National Lending | Lease financing | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 479
2021 5,948 4,765
2020 11,126 4,981
2019 4,409 831
2018 320 25
Prior 11 0
Revolving Loans and Leases 0 0
Total gross loans and leases 21,814 11,081
National Lending | Lease financing | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 165 6
2020 1,207 2,402
2019 1,147 38
2018 118 1
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 2,637 2,447
National Lending | Lease financing | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 31,507 92,376
2021 77,092 119,450
2020 80,809 37,958
2019 22,282 12,665
2018 7,021 3,398
Prior 78 203
Revolving Loans and Leases 0 0
Total gross loans and leases 218,789 266,050
National Lending | Insurance premium finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 473,925 428,131
2021 6,683 144
2020 23 9
2019 2 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 480,633 428,284
National Lending | Insurance premium finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 64 262
2021 71 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 135 267
National Lending | Insurance premium finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 138 58
2021 192 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 330 63
National Lending | Insurance premium finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 19 68
2021 28 107
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 47 175
National Lending | Insurance premium finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 43 58
2021 31 20
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 74 78
National Lending | Insurance premium finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 474,189 428,577
2021 7,005 281
2020 23 9
2019 2 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 481,219 428,867
National Lending | SBA/USDA | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 65,066 110,122
2021 47,690 37,006
2020 15,532 14,461
2019 10,724 12,760
2018 13,748 6,525
Prior 7,807 3,779
Revolving Loans and Leases 0 0
Total gross loans and leases 160,567 184,653
National Lending | SBA/USDA | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 3,077 0
2021 0 20,431
2020 19,513 1,996
2019 3,154 1,670
2018 1,092 1,394
Prior 2,883 298
Revolving Loans and Leases 0 0
Total gross loans and leases 29,719 25,789
National Lending | SBA/USDA | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 8,333
2020 1,551 214
2019 212 3,348
2018 0 177
Prior 286 919
Revolving Loans and Leases 0 0
Total gross loans and leases 2,049 12,991
National Lending | SBA/USDA | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 3,812
2020 2,705 9,550
2019 8,520 8,079
2018 9,695 2,169
Prior 1,918 713
Revolving Loans and Leases 0 0
Total gross loans and leases 22,838 24,323
National Lending | SBA/USDA | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0  
2021 23  
2020 314  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 337  
National Lending | SBA/USDA | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 68,143 110,122
2021 47,713 69,582
2020 39,615 26,221
2019 22,610 25,857
2018 24,535 10,265
Prior 12,894 5,709
Revolving Loans and Leases 0 0
Total gross loans and leases 215,510 247,756
National Lending | Other commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,261 56,957
2021 29,369 642
2020 865 5,786
2019 8,914 6,075
2018 2,374 3,345
Prior 67,248 60,965
Revolving Loans and Leases 0 0
Total gross loans and leases 129,031 133,770
National Lending | Other commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 20,000 17,404
2020 13,282 3,409
2019 0 451
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 33,282 21,264
National Lending | Other commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 164 466
2021 9,789 0
2020 0 0
2019 0 273
2018 265 837
Prior 807 1,299
Revolving Loans and Leases 0 0
Total gross loans and leases 11,025 2,875
National Lending | Other commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,425 57,423
2021 59,158 18,046
2020 14,147 9,195
2019 8,914 6,799
2018 2,639 4,182
Prior 68,055 62,264
Revolving Loans and Leases 0 0
Total gross loans and leases 173,338 157,909
National Lending | Warehouse finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 434,748 419,926
Total gross loans and leases 434,748 419,926
National Lending | Warehouse finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 0
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 434,748 419,926
Total gross loans and leases $ 434,748 419,926
Community Banking | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   0
2020   4,159
2019   0
2018   5,683
Prior   472
Revolving Loans and Leases   0
Total gross loans and leases   10,314
Community Banking | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   10,134
2020   0
2019   10,854
2018   6,133
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   27,121
Community Banking | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   0
2020   35,916
2019   0
2018   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   35,916
Community Banking | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   119
2020   49,449
2019   50,626
2018   13,933
Prior   6,110
Revolving Loans and Leases   0
Total gross loans and leases   120,237
Community Banking | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   122
2020   0
2019   5,422
2018   0
Prior   0
Revolving Loans and Leases   0
Total gross loans and leases   5,544
Community Banking | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022   0
2021   10,375
2020   89,524
2019   66,902
2018   25,749
Prior   6,582
Revolving Loans and Leases   0
Total gross loans and leases   $ 199,132
v3.22.2
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 3,688,566 $ 3,609,563
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,751,090 3,664,009
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,683,519 3,607,815
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 67,571 56,194
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,047,764 961,019
Accruing and Nonaccruing Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 402,506 300,225
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 408,777 363,670
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 218,789 266,050
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 481,219 428,867
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 215,510 247,756
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 173,338 157,908
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,947,903 2,725,495
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 152,106 129,251
Accruing and Nonaccruing Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 107,135 123,606
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 259,241 252,857
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 41,627 10,405
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 434,748 419,926
Accruing and Nonaccruing Loans and Leases | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   199,132
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 19,234 19,945
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 19,234 19,945
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,882 11,879
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,708 4,909
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,565 1,415
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 271 66
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 15,426 18,269
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,298 713
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 510 963
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,808 1,676
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 49,258 8,200
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 49,258 8,200
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,960 2,703
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,584 3,336
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 611 375
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 974
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,155 7,388
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,039 527
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 437 285
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,476 812
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 41,627 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 12,696 24,637
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 12,696 24,637
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,483 5,452
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,345 8,401
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 803 599
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,564 987
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,195 15,439
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,886 511
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 615 725
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,501 1,236
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 7,962
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   0
Accruing and Nonaccruing Loans and Leases | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 81,188 52,782
Accruing and Nonaccruing Loans and Leases | Total Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 81,188 52,782
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 10,325 20,034
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 13,637 16,646
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,979 2,389
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,835 2,027
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 28,776 41,096
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,223 1,751
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,562 1,973
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 10,785 3,724
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 41,627 7,962
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   0
Accruing and Nonaccruing Loans and Leases | Current    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,669,902 3,611,227
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,602,331 3,555,033
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 67,571 56,194
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,037,439 940,985
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 402,506 300,225
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 408,777 363,670
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 205,152 249,404
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 478,240 426,478
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 213,675 245,729
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 173,338 157,908
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,919,127 2,684,399
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 142,883 127,500
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 105,573 121,633
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 248,456 249,133
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 2,443
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 434,748 419,926
Accruing and Nonaccruing Loans and Leases | Current | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   199,132
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 26,623 55,932
Nonaccrual Balance 19,603 34,245
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 26,623 55,932
Nonaccrual Balance 19,603 34,245
Nonperforming Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,578 17,462
Nonaccrual Balance 8,965 14,904
Nonperforming Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,508 0
Nonaccrual Balance 4,508 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 743 1,268
Nonaccrual Balance 743 1,268
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,632 11,503
Nonaccrual Balance 3,844 3,158
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 803 599
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,858 987
Nonaccrual Balance 1,543 0
Nonperforming Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,122 31,819
Nonaccrual Balance 19,603 19,330
Nonperforming Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,886 511
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 615 725
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,501 1,236
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 7,962
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   14,915
Nonaccrual Balance   14,915
Nonperforming Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,020 21,687
Nonperforming Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,020 21,687
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 613 2,558
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,788 8,345
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 803 599
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 315 987
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,519 12,489
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,886 511
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 615 725
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,501 1,236
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 7,962
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 0 0
Nonperforming Loans and Leases | > 89 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases   $ 0
v3.22.2
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Financing Receivable, Nonaccrual [Line Items]    
Loans and leases $ 3,688,566 $ 3,609,563
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2022 540  
2021 960  
2020 3,826  
2019 7,883  
2018 764  
Prior 379  
Revolving Loans and Leases 5,251  
Loans and leases 19,603  
Nonaccrual with No ACL 8,173  
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 540  
2021 937  
2020 1,291  
2019 5,800  
2018 300  
Prior 97  
Revolving Loans and Leases 0  
Loans and leases 8,965  
Nonaccrual with No ACL 2,922  
Nonaccrual Loans | National Lending | Asset based lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 0  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 4,508  
Loans and leases 4,508  
Nonaccrual with No ACL 4,508  
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 0  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 743  
Loans and leases 743  
Nonaccrual with No ACL 743  
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 1,286  
2019 2,083  
2018 464  
Prior 11  
Revolving Loans and Leases 0  
Loans and leases 3,844  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 23  
2020 1,249  
2019 0  
2018 0  
Prior 271  
Revolving Loans and Leases 0  
Loans and leases 1,543  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 540  
2021 960  
2020 3,826  
2019 7,883  
2018 764  
Prior 379  
Revolving Loans and Leases 5,251  
Loans and leases 19,603  
Nonaccrual with No ACL 8,173  
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2022 1,551  
2021 3,754  
2020 750  
2019 186  
2018 208  
Prior 571  
Revolving Loans and Leases 0  
Loans and leases 7,020  
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 285  
2021 203  
2020 85  
2019 1  
2018 0  
Prior 39  
Revolving Loans and Leases 0  
Loans and leases 613  
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 601  
2021 573  
2020 282  
2019 128  
2018 204  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 1,788  
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 407  
2021 391  
2020 5  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 803  
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 315  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 315  
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 1,293  
2021 1,167  
2020 687  
2019 129  
2018 204  
Prior 39  
Revolving Loans and Leases 0  
Loans and leases 3,519  
90 or More Days Delinquent and Accruing | National Lending | Consumer credit products    
Financing Receivable, Nonaccrual [Line Items]    
2022 258  
2021 2,504  
2020 63  
2019 57  
2018 4  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 2,886  
90 or More Days Delinquent and Accruing | National Lending | Other consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 83  
2020 0  
2019 0  
2018 0  
Prior 532  
Revolving Loans and Leases 0  
Loans and leases 615  
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 258  
2021 2,587  
2020 63  
2019 57  
2018 4  
Prior 532  
Revolving Loans and Leases 0  
Loans and leases $ 3,501  
v3.22.2
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - USD ($)
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
National Lending | Commercial finance        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 200,000 $ 3,700,000 $ 10,400,000 $ 5,900,000
TDRs subsequent default, recorded investment     1,400,000 400,000
National Lending | Consumer finance        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 500,000 100,000 700,000 200,000
TDRs subsequent default, recorded investment     $ 300,000 100,000
Community Banking        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment   $ 0   0
TDRs subsequent default, recorded investment       $ 0
v3.22.2
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Basic income per common share:        
Net income attributable to Pathward Financial, Inc. $ 22,391 $ 38,701 $ 132,966 $ 125,805
Dividends and undistributed earnings allocated to participating securities (377) (729) (2,166) (2,411)
Basic net earnings available to common stockholders 22,014 37,972 130,800 123,394
Undistributed earnings allocated to nonvested restricted stockholders 352 699 2,093 2,318
Reallocation of undistributed earnings to nonvested restricted stockholders (352) (699) (2,092) (2,316)
Diluted net earnings available to common stockholders $ 22,014 $ 37,972 $ 130,801 $ 123,396
Total weighted average common shares outstanding (in shares) 28,868,136 31,320,893 29,444,979 31,880,653
Effect of dilutive securities        
Total effect of dilutive securities (in shares) 0 18,054 9,607 19,944
Weighted average dilutive common shares outstanding (in shares) 28,868,136 31,338,947 29,454,586 31,900,597
Net earnings per common share:        
Basic income per common share (in dollars per share) $ 0.76 $ 1.21 $ 4.44 $ 3.87
Diluted income per common share (in dollars per share) $ 0.76 $ 1.21 $ 4.44 $ 3.87
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 493,800 601,693 487,538 622,954
Performance share units        
Effect of dilutive securities        
Outstanding options - based upon the two-class method (in shares) 0 18,054 9,607 19,944
v3.22.2
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Property, Plant and Equipment [Line Items]    
Total $ 306,903 $ 279,364
Accumulated depreciation (86,266) (67,825)
Unamortized initial direct costs 1,386 1,577
Net book value 222,023 213,116
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 21,512 17,683
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 98,684 87,396
Office furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 57,228 48,828
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 129,479 $ 125,457
v3.22.2
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Jun. 30, 2022
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2022 $ 9,524
2023 36,218
2024 28,143
2025 20,536
2026 12,132
Thereafter 15,684
Total undiscounted future minimum lease payments receivable for operating leases $ 122,237
v3.22.2
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]    
Total goodwill $ 309,505,000 $ 309,505,000
Goodwill, accumulated impairment 0  
Asset impairment charges $ 0 $ 0
v3.22.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 33,148 $ 41,692
Acquisitions during the period 1 14
Amortization during the period (5,188) (6,784)
Write-offs during the period (873) (24)
Ending Balance 27,088 34,898
Gross carrying amount 109,133 109,324
Accumulated amortization (70,909) (63,960)
Accumulated impairment (11,136) (10,466)
Total anticipated intangible amortization 27,088 34,898
Trademarks    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 9,823 10,901
Acquisitions during the period 0 0
Amortization during the period (871) (816)
Write-offs during the period 0 0
Ending Balance 8,952 10,085
Gross carrying amount 14,624 14,624
Accumulated amortization (5,672) (4,539)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 8,952 10,085
Trademarks | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 5 years  
Trademarks | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 15 years  
Noncompete    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 40 422
Acquisitions during the period 0 0
Amortization during the period (40) (286)
Write-offs during the period 0 0
Ending Balance 0 136
Gross carrying amount 2,481 2,481
Accumulated amortization (2,481) (2,345)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 0 136
Noncompete | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 3 years  
Noncompete | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 5 years  
Customer Relationships    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 17,868 24,333
Acquisitions during the period 0 0
Amortization during the period (3,884) (5,202)
Write-offs during the period (670) 0
Ending Balance 13,314 19,131
Gross carrying amount 82,088 82,088
Accumulated amortization (57,856) (52,709)
Accumulated impairment (10,918) (10,248)
Total anticipated intangible amortization $ 13,314 19,131
Customer Relationships | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 10 years  
Customer Relationships | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 30 years  
Other Intangible Assets    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 5,417 6,036
Acquisitions during the period 1 14
Amortization during the period (393) (480)
Write-offs during the period (203) (24)
Ending Balance 4,822 5,546
Gross carrying amount 9,940 10,131
Accumulated amortization (4,900) (4,367)
Accumulated impairment (218) (218)
Total anticipated intangible amortization $ 4,822 $ 5,546
Other Intangible Assets | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 3 years  
Other Intangible Assets | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 20 years  
v3.22.2
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2022 $ 1,397      
2023 4,938      
2024 4,124      
2025 3,562      
2026 3,216      
Thereafter 9,851      
Total anticipated intangible amortization $ 27,088 $ 33,148 $ 34,898 $ 41,692
v3.22.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Leases [Abstract]    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease, right-of-use asset $ 31,000 $ 35,400
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 32,856 $ 37,600
v3.22.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Leases [Abstract]    
Remaining in 2022 $ 1,102  
2023 3,946  
2024 3,913  
2025 3,718  
2026 3,195  
Thereafter 21,732  
Total undiscounted future minimum lease payments 37,606  
Discount (4,750)  
Total operating lease liabilities $ 32,856 $ 37,600
v3.22.2
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Leases [Abstract]        
Weighted-average discount rate 2.34%   2.34%  
Weighted-average remaining lease term (years) 10 years 6 months 25 days   10 years 6 months 25 days  
Lease expense $ 1,119 $ 1,191 $ 3,375 $ 3,136
Short-term and variable lease cost 58 35 133 167
ROU asset impairment 670 0 670 224
Sublease income (375) (126) (906) (411)
Total lease cost for operating leases $ 1,472 $ 1,100 $ 3,272 $ 3,116
v3.22.2
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Sep. 07, 2021
Nov. 20, 2019
Equity, Class of Treasury Stock [Line Items]        
Stock repurchased during the period (in shares) 67,158 84,950    
Stock repurchased during the period, value $ 3.8 $ 2.0    
Common Stock        
Equity, Class of Treasury Stock [Line Items]        
Shares authorized to be repurchased (in shares)     6,000,000 7,500,000
Stock repurchased under repurchase program (in shares) 2,447,699 2,599,458    
Remaining number of shares authorized to be repurchased (in shares) 4,868,177      
v3.22.2
STOCK COMPENSATION (Details)
$ / shares in Units, $ in Millions
 9 Months Ended
Jun. 30, 2022
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options exercisable (in shares) 0
Weighted Average Fair Value at Grant  
Stock based compensation expense not yet recognized in income | $ $ 8.4
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 6 months 3 days
Restricted Shares  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 547,063
Granted (in shares) 166,389
Vested (in shares) (208,156)
Forfeited or expired (in shares) (19,762)
Nonvested shares outstanding, end of period (in shares) 485,534
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 30.22
Granted (in dollars per share) | $ / shares 57.14
Vested (in dollars per share) | $ / shares 34.68
Forfeited or expired (in dollars per share) | $ / shares 42.98
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 37.02
Performance share units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 60,984
Granted (in shares) 35,705
Vested (in shares) 0
Forfeited or expired (in shares) 0
Nonvested shares outstanding, end of period (in shares) 96,689
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 34.03
Granted (in dollars per share) | $ / shares 57.20
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 42.59
v3.22.2
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Tax Disclosure [Abstract]        
Income tax expense $ 6,958 $ 4,934 $ 29,236 $ 9,600
Effective tax rate     17.77% 6.92%
v3.22.2
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 34,063 $ 28,435
Tax-exempt income     (541) (674)
State income taxes     6,728 6,120
Interim period effective rate adjustment     (2,849) (5,181)
Tax credit investments, net - federal     (6,994) (18,854)
Research tax credit     (355) (323)
IRC 162(m) nondeductible compensation     801 677
Other, net     (1,617) (600)
Income tax expense $ 6,958 $ 4,934 $ 29,236 $ 9,600
Effective tax rate     17.77% 6.92%
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Disaggregation of Revenue [Line Items]        
Net interest income $ 72,151 $ 68,475 $ 227,564 $ 208,324
Net realized (gain) on securities available for sale, net 198 0 595 6
Gain on sale of trademarks 0 0 50,000 0
Gain (loss) on sale of other 1,239 5,955 (1,601) 10,935
Other income 5,271 4,017 10,811 15,550
Noninterest income 53,994 62,453 250,351 221,361
Revenue 126,145 130,928 477,915 429,685
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 10,289 12,073 38,674 35,400
Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income (20) 891 40,513 47,413
Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 24,673 29,203 76,075 81,641
Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 262 338 750 709
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 12,082 9,976 34,534 29,707
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 23,213 23,132 79,323 70,205
Net realized (gain) on securities available for sale, net 0 0 0 0
Gain on sale of trademarks     0 0
Gain (loss) on sale of other 0 0 0 0
Other income 1,284 1,056 3,434 2,135
Noninterest income 36,226 43,229 158,696 166,605
Revenue 59,439 66,361 238,019 236,810
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 10,289 12,073 38,674 35,400
Consumer | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income (20) 891 40,513 47,413
Consumer | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 24,673 29,203 76,075 81,641
Consumer | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 6 0 16
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 46,802 44,850 136,923 129,461
Net realized (gain) on securities available for sale, net 0 0 0 0
Gain on sale of trademarks     0 0
Gain (loss) on sale of other 1,239 5,982 7,331 10,198
Other income 2,479 1,702 8,103 6,511
Noninterest income 15,860 17,988 50,354 47,094
Revenue 62,662 62,838 187,277 176,555
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 252 334 728 694
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 11,890 9,970 34,192 29,691
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 2,136 493 11,318 8,658
Net realized (gain) on securities available for sale, net 198 0 595 6
Gain on sale of trademarks     50,000 0
Gain (loss) on sale of other 0 (27) (8,932) 737
Other income 1,508 1,259 (726) 6,904
Noninterest income 1,908 1,236 41,301 7,662
Revenue 4,044 1,729 52,619 16,320
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 10 4 22 15
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 192 $ 0 $ 342 $ 0
v3.22.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($)
Jun. 30, 2022
Sep. 30, 2021
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Accounts receivable, before allowance for credit loss, current $ 0 $ 0
v3.22.2
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
segment
Jun. 30, 2021
USD ($)
Sep. 30, 2021
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     3    
Segment data [Abstract]          
Net interest income $ 72,151 $ 68,475 $ 227,564 $ 208,324  
Provision (Reversal) (1,302) 4,612 31,186 40,991  
Noninterest income 53,994 62,453 250,351 221,361  
Noninterest expense 96,650 81,523 282,246 250,068  
Income before income tax expense 30,797 44,793 164,483 138,626  
Total assets 6,728,178 7,051,812 6,728,178 7,051,812 $ 6,690,650
Total goodwill 309,505 309,505 309,505 309,505  
Total deposits 5,710,799 5,888,871 5,710,799 5,888,871  
Consumer          
Segment data [Abstract]          
Net interest income 23,213 23,132 79,323 70,205  
Provision (Reversal) (279) 4,507 30,667 34,893  
Noninterest income 36,226 43,229 158,696 166,605  
Noninterest expense 23,960 20,561 73,509 68,906  
Income before income tax expense 35,758 41,294 133,843 133,010  
Total assets 373,019 319,911 373,019 319,911  
Total goodwill 87,145 87,145 87,145 87,145  
Total deposits 5,573,768 5,713,309 5,573,768 5,713,309  
Commercial          
Segment data [Abstract]          
Net interest income 46,802 44,850 136,923 129,461  
Provision (Reversal) (752) 870 13,045 9,540  
Noninterest income 15,860 17,988 50,354 47,094  
Noninterest expense 31,336 28,605 95,845 83,606  
Income before income tax expense 32,078 33,363 78,387 83,409  
Total assets 3,457,004 3,104,083 3,457,004 3,104,083  
Total goodwill 222,360 222,360 222,360 222,360  
Total deposits 11,177 10,829 11,177 10,829  
Corporate Services/Other          
Segment data [Abstract]          
Net interest income 2,136 493 11,318 8,658  
Provision (Reversal) (271) (765) (12,526) (3,442)  
Noninterest income 1,908 1,236 41,301 7,662  
Noninterest expense 41,354 32,358 112,892 97,555  
Income before income tax expense (37,039) (29,864) (47,747) (77,793)  
Total assets 2,898,155 3,627,818 2,898,155 3,627,818  
Total goodwill 0 0 0 0  
Total deposits $ 125,854 $ 164,733 $ 125,854 $ 164,733  
v3.22.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,065 12,668
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,956,523 1,864,899
Common equities and mutual funds 0 0
Level 3    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Recurring    
Available-for-sale debt securities [Abstract]    
Corporate securities 23,438 25,000
SBA securities 81,349 157,209
Obligations of states and political subdivisions 2,641 2,507
Non-bank qualified obligations of states and political subdivisions 244,961 268,295
Asset-backed securities 159,332 394,859
Mortgage-backed securities 1,444,802 1,017,029
Total debt securities AFS 1,956,523 1,864,899
Common equities and mutual funds 3,065 12,668
Non-marketable equity securities 6,494 4,560
Recurring | Level 1    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 3,065 12,668
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 23,438 25,000
SBA securities 81,349 157,209
Obligations of states and political subdivisions 2,641 2,507
Non-bank qualified obligations of states and political subdivisions 244,961 268,295
Asset-backed securities 159,332 394,859
Mortgage-backed securities 1,444,802 1,017,029
Total debt securities AFS 1,956,523 1,864,899
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Recurring | Level 3    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities $ 0 $ 0
v3.22.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details)
$ in Thousands
 9 Months Ended
Jun. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net $ 13 $ 2,077
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 4.00%  
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 42.00%  
Valuation, Market Approach | Minimum | Discount Rate    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Measurement input 0.04  
Valuation, Market Approach | Maximum | Discount Rate    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Measurement input 0.42  
Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 0 0
Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 3,614,486 3,616,646
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 2,172 12,775
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 4.00%  
Total loans and leases, net individually evaluated for credit loss | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 42.00%  
Foreclosed assets, net | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 13 2,077
Foreclosed assets, net | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 9.00%  
Foreclosed assets, net | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 20.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 2,185 14,852
Nonrecurring | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 2,185 14,852
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 2,172 3,404
Nonrecurring | Commercial finance | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial finance | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 2,172 3,404
Nonrecurring | Community banking    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value   9,371
Nonrecurring | Community banking | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value   0
Nonrecurring | Community banking | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value   0
Nonrecurring | Community banking | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value   9,371
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 2,172 12,775
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total loans and leases, net individually evaluated for credit loss | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 2,172 12,775
Nonrecurring | Foreclosed assets, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 13 2,077
Nonrecurring | Foreclosed assets, net | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 0 0
Nonrecurring | Foreclosed assets, net | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 0 0
Nonrecurring | Foreclosed assets, net | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net $ 13 $ 2,077
v3.22.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Financial assets    
Fair Value $ 41,963 $ 56,391
Level 1    
Financial assets    
Cash and cash equivalents 157,260 314,019
Debt securities available for sale 0 0
Fair Value 0 0
Common equities and mutual funds 3,065 12,668
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 16,818 16,254
Financial liabilities    
Deposits 5,701,329 5,482,471
Other short- and long-term borrowings 0 0
Accrued interest payable 210 579
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,956,523 1,864,899
Fair Value 41,963 56,391
Common equities and mutual funds 0 0
Non-marketable equity securities 17,814 12,949
Loans held for sale 67,571 56,194
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 0 0
Financial liabilities    
Deposits 9,297 32,564
Other short- and long-term borrowings 16,420 93,938
Accrued interest payable 0 0
Level 3    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 0 0
Fair Value 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 3,614,486 3,616,646
Federal Reserve Bank and Federal Home Loan Bank stocks 0 0
Accrued interest receivable 0 0
Financial liabilities    
Deposits 0 0
Other short- and long-term borrowings 0 0
Accrued interest payable 0 0
Carrying Amount    
Financial assets    
Cash and cash equivalents 157,260 314,019
Debt securities available for sale 1,956,523 1,864,899
Fair Value 43,877 56,669
Common equities and mutual funds 3,065 12,668
Non-marketable equity securities 24,308 17,509
Loans held for sale 67,571 56,194
Loans and leases 3,683,519 3,607,815
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 16,818 16,254
Financial liabilities    
Deposits 5,710,799 5,514,971
Other short- and long-term borrowings 16,616 92,834
Accrued interest payable 210 579
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 157,260 314,019
Debt securities available for sale 1,956,523 1,864,899
Fair Value 41,963 56,391
Common equities and mutual funds 3,065 12,668
Non-marketable equity securities 24,308 17,509
Loans held for sale 67,571 56,194
Loans and leases 3,614,486 3,616,646
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 16,818 16,254
Financial liabilities    
Deposits 5,710,626 5,515,035
Other short- and long-term borrowings 16,420 93,938
Accrued interest payable $ 210 $ 579
v3.22.2
SUBSEQUENT EVENTS (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Subsequent Event [Line Items]    
Loans $ 3,613,360 $ 3,541,282
Other Consumer Finance, Student Loan Portfolio | National Lending    
Subsequent Event [Line Items]    
Loans $ 83,300