META FINANCIAL GROUP INC, 10-Q filed on 2/8/2022
Quarterly Report
v3.22.0.1
Cover Page - shares
 3 Months Ended
Dec. 31, 2021
Feb. 03, 2022
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2021  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name META FINANCIAL GROUP 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, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   29,849,903
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.22.0.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
ASSETS    
Cash and cash equivalents $ 1,230,100 $ 314,019
Securities available for sale, at fair value 1,782,739 1,864,899
Securities held to maturity, at amortized cost (fair value $50,364 and $56,391, respectively) 50,994 56,669
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 28,400 28,400
Loans held for sale 36,182 56,194
Loans and leases 3,684,261 3,609,563
Allowance for credit losses (67,623) (68,281)
Accrued interest receivable 17,240 16,254
Premises, furniture, and equipment, net 44,130 44,888
Rental equipment, net 234,693 213,116
Foreclosed real estate and repossessed assets, net 298 2,077
Goodwill and intangible assets 341,166 342,653
Prepaid assets 17,007 10,513
Other assets 210,071 199,686
Total assets 7,609,658 6,690,650
LIABILITIES    
Deposits 6,525,569 5,514,971
Long-term borrowings 92,274 92,834
Accrued expenses and other liabilities 165,658 210,961
Total liabilities 6,783,501 5,818,766
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued and no shares outstanding at December 31, 2021 and September 30, 2021, respectively 0 0
Additional paid-in capital 610,816 604,484
Retained earnings 217,992 259,189
Accumulated other comprehensive income 724 7,599
Treasury stock, at cost, 77,703 and 16,531 common shares at December 31, 2021 and September 30, 2021, respectively (4,318) (860)
Total equity attributable to parent 825,515 870,729
Noncontrolling interest 642 1,155
Total stockholders’ equity 826,157 871,884
Total liabilities and stockholders’ equity 7,609,658 6,690,650
Common stock, $0.01 par value; 90,000,000 shares authorized, 30,158,420 and 31,686,483 shares issued, 30,080,717 and 31,669,952 shares outstanding at December 31, 2021 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 301 317
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2021 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.22.0.1
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 50,364 $ 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) 77,703 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) 30,158,420 31,686,483
Common stock, shares outstanding (in shares) 30,080,717 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
v3.22.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans and leases, including fees $ 65,035 $ 61,655
Mortgage-backed securities 3,864 2,123
Other investments 3,992 4,368
Total interest and dividend income 72,891 68,146
Interest expense:    
Deposits 141 797
FHLB advances and other borrowings 1,137 1,350
Total interest expense 1,278 2,147
Net interest income 71,613 65,999
Provision for credit losses 186 6,089
Net interest income after provision for credit losses 71,427 59,910
Noninterest income:    
Net realized (gain) on securities available for sale, net 137 0
Gain on sale of trademarks 50,000 0
(Loss) gain on sale of other (3,465) 2,847
Other income 1,661 7,315
Total noninterest income 86,591 45,455
Non-interest expense:    
Compensation and benefits 38,225 32,331
Refund transfer product expense 138 61
Tax advance product expense 183 370
Card processing 7,172 6,117
Occupancy and equipment expense 8,349 6,888
Operating lease equipment depreciation 8,449 7,581
Legal and consulting 6,208 5,247
Intangible amortization 1,488 2,013
Impairment expense 0 1,159
Other expense 12,224 10,808
Total noninterest expense 82,436 72,575
Income before income tax expense 75,582 32,790
Income tax expense 14,276 3,533
Net income before noncontrolling interest 61,306 29,257
Net income (loss) attributable to noncontrolling interest (18) 1,220
Net income attributable to parent $ 61,324 $ 28,037
Earnings per common share:    
Basic (in dollars per share) $ 2.00 $ 0.84
Diluted (in dollars per share) $ 2.00 $ 0.84
Refund transfer product fees    
Noninterest income:    
Noninterest income $ 579 $ 647
Tax advance product fees    
Noninterest income:    
Noninterest income 1,233 1,960
Payments card and deposit fees    
Noninterest income:    
Noninterest income 25,132 22,564
Other bank and deposit fees    
Noninterest income:    
Noninterest income 237 237
Rental income    
Noninterest income:    
Noninterest income $ 11,077 $ 9,885
v3.22.0.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]    
Net income before noncontrolling interest $ 61,306 $ 29,257
Other comprehensive income (loss):    
Change in net unrealized gain (loss) on debt securities (9,140) 2,846
Net (gain) realized on investment securities (137) 0
Total (9,277) 2,846
Unrealized gain on currency translation 66 445
Deferred income tax effect (2,336) 714
Total other comprehensive income (loss) (6,875) 2,577
Total comprehensive income 54,431 31,834
Total comprehensive income (loss) attributable to noncontrolling interest (18) 1,220
Comprehensive income attributable to parent $ 54,449 $ 30,614
v3.22.0.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Adjustment
Total Meta Stockholders’ Equity
Total Meta 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 (1,613)   (1,613)       (1,613)          
Issuance of common stock due to ESOP 3,036   3,036   2 3,034            
Repurchases of common stock (56,763)   (56,763)   (20) 20 (55,000)     (1,763)    
Stock compensation 1,046   1,046     1,046            
Total other comprehensive income (loss) 2,577   2,577           2,577      
Net income 29,257   28,037       28,037       1,220  
Net investment by (distribution to) noncontrolling interests (835)                   (835)  
Ending Balance at Dec. 31, 2020 813,210   811,674   326 598,669 198,000   20,119 (5,440) 1,536  
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 (1,521)   (1,521)       (1,521)          
Issuance of common stock due to ESOP 2,886   2,886   1 2,885            
Repurchases of common stock (104,458)   (104,458)   (17) 17 (101,000)     (3,458)    
Stock compensation 3,430   3,430     3,430            
Total other comprehensive income (loss) (6,875)   (6,875)           (6,875)      
Net income 61,306   61,324       61,324       (18)  
Net investment by (distribution to) noncontrolling interests (495)                   (495)  
Ending Balance at Dec. 31, 2021 $ 826,157   $ 825,515   $ 301 $ 610,816 $ 217,992   $ 724 $ (4,318) $ 642  
v3.22.0.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05
Accounting Standards Update [Extensible List]   Accounting Standards Update 2016-13 [Member]
v3.22.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income before noncontrolling interest $ 61,306 $ 29,257
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 15,322 14,068
Provision for credit losses 186 6,089
Provision (reversal of) for deferred taxes 8,015 (7,402)
Originations of loans held for sale (385,558) (303,501)
Proceeds from sales of loans held for sale 562,689 451,652
Net change in loans held for sale 8,805 5,425
Fair value adjustment of foreclosed real estate 120 123
Net realized (gain) on securities held to maturity, net (137) 0
Net realized (gain) loss on loans held for sale 4,365 (3,492)
Net realized (gain) on premise, furniture, and equipment (23) 0
Net realized (gain) loss on lease receivables and equipment (924) 633
Net realized (gain) on trademarks (50,000) 0
Change in bank-owned life insurance value (610) (621)
Net change in accrued interest receivable (987) (506)
Net change in other assets (23,569) (2,075)
Net change in accrued expenses and other liabilities (45,303) (20,588)
Stock compensation 3,430 1,046
Net cash provided by operating activities 157,127 170,108
Cash flows from investing activities:    
Purchases of securities available for sale (20,894) (23,963)
Proceeds from maturities of and principal collected on securities available for sale 91,297 64,982
Proceeds from sales of securities held to maturity 200 0
Proceeds from maturities of and principal collected on securities held to maturity 5,409 10,755
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (800) 0
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 800 0
Purchases of loans and leases (57,713) (64,930)
Proceeds from sales of loans and leases 30,235 6,923
Net change in loans and leases (145,311) (170,684)
Purchases of premises, furniture, and equipment (1,949) (582)
Proceeds from sales of premises, furniture, and equipment 35 0
Purchases of rental equipment (103,643) (13,146)
Proceeds from sales of rental equipment 4,999 5,609
Net change in rental equipment (1,841) 0
Proceeds from sales of foreclosed real estate and repossessed assets 1,659 2,657
Proceeds from sale of trademarks 50,000 0
Net cash (used in) investing activities (147,517) (182,379)
Cash flows from financing activities:    
Net change in deposits 1,010,598 1,228,591
Principal payments on capital lease obligations (7) (8)
Principal payments on other liabilities (598) (1,498)
Dividends paid on common stock (1,521) (1,613)
Issuance of common stock due to ESOP 2,886 3,036
Repurchases of common stock (104,458) (56,763)
Distributions to noncontrolling interest (495) (835)
Net cash provided by financing activities 906,405 1,170,910
Effect of exchange rate changes on cash 66 445
Net change in cash and cash equivalents 916,081 1,159,084
Cash and cash equivalents at beginning of fiscal year 314,019 427,367
Cash and cash equivalents at end of fiscal period 1,230,100 1,586,451
Supplemental disclosure of cash flow information:    
Interest 1,196 2,002
Income taxes 308 289
Franchise taxes 50 50
Other taxes 13 14
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 12 0
Loans and leases to held for sale 168,426 100,442
Loans and leases to rental equipment 988 1,353
Loans and leases to foreclosed real estate and repossessed assets 0 9
Rental equipment to loan and leases 72,267 37
Other assets to held for sale $ 0 $ 284
v3.22.0.1
BASIS OF PRESENTATION
 3 Months Ended
Dec. 31, 2021
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 Meta Financial Group, Inc.’s (“Meta” 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 months ended December 31, 2021 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.
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 3 Months Ended
Dec. 31, 2021
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.
v3.22.0.1
SIGNIFICANT EVENTS
 3 Months Ended
Dec. 31, 2021
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 December 31, 2021.

The Company has not incurred any material expenses related to rebranding efforts as of December 31, 2021; however, the Company is expecting to incur $15.0 million to $20.0 million in rebranding expenses over the next fiscal year.
v3.22.0.1
SECURITIES
 3 Months Ended
Dec. 31, 2021
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 December 31, 2021
Corporate securities$25,000 $— $— $25,000 
SBA securities146,639 4,200 — 150,839 
Obligations of states and political subdivisions2,793 6 — 2,799 
Non-bank qualified obligations of states and political subdivisions250,241 2,056 (1,425)250,872 
Asset-backed securities379,192 2,331 (2,674)378,849 
Mortgage-backed securities978,336 6,962 (10,918)974,380 
Total debt securities AFS$1,782,201 $15,555 $(15,017)$1,782,739 
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$47,751 $14 $(679)$47,086 
Mortgage-backed securities3,243 35 — 3,278 
Total debt securities HTM$50,994 $49 $(679)$50,364 
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$110,535 $(1,425)$— $— $110,535 $(1,425)
Asset-backed securities198,807 (2,376)46,215 (298)245,022 (2,674)
Mortgage-backed securities702,224 (8,427)90,298 (2,491)792,522 (10,918)
Total debt securities AFS$1,011,566 $(12,228)$136,513 $(2,789)$1,148,079 $(15,017)
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$42,068 $(679)$— $— $42,068 $(679)
Total debt securities HTM$42,068 $(679)$— $— $42,068 $(679)
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 December 31, 2021, there were 80 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 December 31, 2021, 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 December 31, 2021At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$810 $814 $810 $822 
Due after one year through five years13,009 13,245 13,026 13,378 
Due after five years through ten years76,762 77,893 50,785 52,357 
Due after ten years713,284 716,407 773,985 781,313 
803,865 808,359 838,606 847,870 
Mortgage-backed securities978,336 974,380 1,016,478 1,017,029 
Total securities AFS, at fair value$1,782,201 $1,782,739 $1,855,084 $1,864,899 

At December 31, 2021At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$47,751 $47,086 $52,944 $52,576 
47,751 47,086 52,944 52,576 
Mortgage-backed securities3,243 3,278 3,725 3,815 
Total securities HTM, at cost$50,994 $50,364 $56,669 $56,391 

Equity Securities
The Company held $9.9 million at December 31, 2021 and $12.7 million at September 30, 2021 in marketable equity securities. The Company recognized $2.3 million in unrealized loss in an investee during the three months ended December 31, 2021. All other marketable equity securities and related activity were insignificant for the three months ended December 31, 2021 and 2020. No marketable securities were sold during the first quarter of fiscal year 2022.

Non-marketable equity securities with a readily determinable fair value totaled $5.6 million at December 31, 2021 and $4.6 million at September 30, 2021. The Company recognized $0.3 million in unrealized losses and $0.1 million in unrealized gains during the three months ended December 31, 2021 and 2020, respectively. No such securities were sold during the first quarter of fiscal year 2022.

Non-marketable equity securities without readily determinable fair value totaled $15.9 million at December 31, 2021 and $16.0 million at September 30, 2021. There was one security sold during the first quarter of fiscal year 2022 for a $0.1 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 December 31, 2021 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 $8.7 million at December 31, 2021 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 three months ended December 31, 2021.
v3.22.0.1
LOANS AND LEASES, NET
 3 Months Ended
Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Term lending$1,038,378 $961,019 
Asset based lending337,236 300,225 
Factoring402,972 363,670 
Lease financing245,315 266,050 
Insurance premium finance385,473 428,867 
SBA/USDA209,521 247,756 
Other commercial finance178,853 157,908 
Commercial finance2,797,748 2,725,495 
Consumer credit products173,343 129,251 
Other consumer finance144,412 123,606 
Consumer finance317,755 252,857 
Tax services100,272 10,405 
Warehouse finance466,831 419,926 
Community banking— 199,132 
Total loans and leases3,682,606 3,607,815 
Net deferred loan origination costs1,655 1,748 
Total gross loans and leases3,684,261 3,609,563 
Allowance for credit losses(67,623)(68,281)
Total loans and leases, net$3,616,638 $3,541,282 

During the three months ended December 31, 2021, the Company transferred $168.4 million of Community Banking loans to held for sale. During the three months ended December 31, 2020, the Company transferred $100.4 million of Community Banking loans to held for sale.

During the three months ended December 31, 2021 and 2020, the Company originated $385.6 million and $303.5 million of SBA/USDA, consumer credit product loans, and other consumer finance as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $562.7 million and loss on sale of $4.4 million during the three months ended December 31, 2021. The Company sold held for sale loans resulting in proceeds of $451.7 million and gains on sale of $3.5 million during the three months ended December 31, 2020.

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 $1.1 million in servicing fee expense during the three months ended December 31, 2021 and 2020, 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 $129.8 million in the three months ended December 31, 2021 and 2020, 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 December 31,
(Dollars in thousands)20212020
Loans Purchased
Loans held for investment:
Commercial finance$1,720 $— 
Warehouse finance55,993 62,631 
Community banking— 2,299 
Total purchases$57,713 $64,930 
Loans Sold
Loans held for sale:
Commercial finance$33,023 $30,324 
Consumer finance376,444 291,540 
Community banking153,222 129,788 
Loans held for investment:
Community banking30,235 — 
Total sales$592,924 $451,652 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Carrying amount$255,907 $278,341 
Unguaranteed residual assets13,329 14,393 
Unamortized initial direct costs435 490 
Unearned income(23,921)(26,684)
Total net investment in direct financing and sales-type leases$245,750 $266,540 

The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $4.0 million at December 31, 2021.

The components of total lease income were as follows:
Three Months Ended December 31,
(Dollars in thousands)20212020
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$4,573 $5,319 
Leasing and equipment finance noninterest income
Lease income from operating lease payments11,086 10,041 
Profit recorded on commencement date on sales-type leases— 71 
Other(1)
1,325 69 
Total leasing and equipment finance noninterest income12,411 10,181 
Total lease income$16,984 $15,500 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$78,421 
202386,354 
202454,978 
202526,113 
20267,124 
Thereafter2,918 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases255,908 
Total carrying amount of direct financing and sales-type leases$255,908 

The Company did not record any contingent rental income from direct financing and sales-type leases in the three months ended December 31, 2021.

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, the ultimate impact of this pandemic 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 will refine its estimate as 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 December 31, 2021
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $(858)$(2,085)$314 $26,722 
Asset based lending1,726 911 (16)137 2,758 
Factoring3,997 12,502 (1,275)18 15,242 
Lease financing7,629 (822)(16)66 6,857 
Insurance premium finance1,394 (270)(177)97 1,044 
SBA/USDA2,978 233 (217)2 2,996 
Other commercial finance1,168 181 — — 1,349 
Commercial finance48,243 11,877 (3,786)634 56,968 
Consumer credit products1,242 385 — — 1,627 
Other consumer finance6,112 1,560 (819)107 6,960 
Consumer finance7,354 1,945 (819)107 8,587 
Tax services2 (714)(254)2,567 1,601 
Warehouse finance420 47 — — 467 
Community banking12,262 (12,684)— 422 — 
Total loans and leases68,281 471 (4,859)3,730 67,623 
Unfunded commitments(1)
690 (285)— — 405 
Total $68,971 $186 $(4,859)$3,730 $68,028 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2020
(Dollars in thousands)Beginning BalanceImpact of CECL AdoptionProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $6,026 $(3,312)$296 $28,220 
Asset based lending1,406 164 839 (600)— 1,809 
Factoring3,027 987 (1,416)(1)1,122 3,719 
Lease financing7,023 (556)1,112 (876)81 6,784 
Insurance premium finance2,129 (965)488 (656)289 1,285 
SBA/USDA940 2,720 (497)— 1 3,164 
Other commercial finance182 364 (67)— — 479 
Commercial finance29,918 12,713 6,485 (5,445)1,789 45,460 
Consumer credit products845 — (10)— — 835 
Other consumer finance2,821 5,998 1,482 (218)93 10,176 
Consumer finance3,666 5,998 1,472 (218)93 11,011 
Tax services2 — 454 — 956 1,412 
Warehouse finance294 (1)26 — — 319 
Community banking22,308 (5,937)(2,173)(11)— 14,187 
Total loans and leases56,188 12,773 6,264 (5,674)2,838 72,389 
Unfunded commitments(1)
32 831 (175)— — 688 
Total $56,220 $13,604 $6,089 $(5,674)$2,838 $73,077 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
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 December 31, 2021At September 30, 2021
Term lending$68,838 $20,965 
Asset based lending5,992 — 
Factoring16,503 1,268 
Lease financing13,254 3,882 
SBA/USDA797 — 
Commercial finance(1)
105,384 26,115 
Community banking— 14,915 
Total$105,384 $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. Accordingly, 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 December 31, 2021, $0.4 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 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 $317.8 million and $100.3 million at December 31, 2021, 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 December 31, 202120222021202020192018Prior
Term lending
Pass$145,763 $337,426 $175,447 $54,833 $37,328 $12,940 $— $763,737 
Watch9,627 53,179 70,323 27,372 7,346 2,979 — 170,826 
Special Mention194 888 21,679 4,409 697 3,127 — 30,994 
Substandard5,040 16,035 18,469 23,418 3,582 3,922 — 70,466 
Doubtful— 140 780 1,361 74 — — 2,355 
Total160,624 407,668 286,698 111,393 49,027 22,968 — 1,038,378 
Asset based lending
Pass— — — — — — 235,577 235,577 
Watch— — — — — — 30,560 30,560 
Special Mention— — — — — — 53,240 53,240 
Substandard— — — — — — 17,859 17,859 
Total— — — — — — 337,236 337,236 
Factoring
Pass— — — — — — 299,672 299,672 
Watch— — — — — — 37,974 37,974 
Special Mention— — — — — — 30,587 30,587 
Substandard— — — — — — 19,425 19,425 
Doubtful— — — — — — 15,314 15,314 
Total— — — — — — 402,972 402,972 
Lease financing
Pass5,592 47,808 61,345 13,162 6,148 365 — 134,420 
Watch1,122 21,300 18,565 6,966 2,693 2,095 — 52,741 
Special Mention765 17,737 14,560 3,768 1,263 55 — 38,148 
Substandard— 600 11,208 5,302 786 21 — 17,917 
Doubtful— — — 2,089 — — — 2,089 
Total7,479 87,445 105,678 31,287 10,890 2,536 — 245,315 
Insurance premium finance
Pass169,134 215,844 46 3 — — — 385,027 
Watch— 183 — — — — — 183 
Special Mention— 66 — — — — — 66 
Substandard— 78 20 — — — — 98 
Doubtful— 95 4 — — — — 99 
Total169,134 216,266 70 3 — — — 385,473 
SBA/USDA
Pass2,851 77,090 25,399 13,028 12,525 9,859 — 140,752 
Watch— — 19,705 1,963 — 1,350 — 23,018 
Special Mention— — 696 1,147 4,971 1,005 — 7,819 
Substandard— — 17,732 9,502 8,177 2,455 — 37,866 
Doubtful— — — — — 66 — 66 
Total2,851 77,090 63,532 25,640 25,673 14,735 — 209,521 
Other commercial finance
Pass20,130 28,666 764 5,885 2,428 67,777 — 125,650 
Watch— 20,000 16,807 3,322 — — — 40,129 
Special Mention— — — — 447 — — 447 
Substandard— 10,255 — — 270 2,102 — 12,627 
Total20,130 58,921 17,571 9,207 3,145 69,879 — 178,853 
Warehouse finance
Pass— — — — — — 466,831 466,831 
Total— — — — — — 466,831 466,831 
Total loans and leases
Pass343,470 706,834 263,000 86,911 58,428 90,942 1,002,081 2,551,666 
Watch10,750 94,662 125,398 39,623 10,039 6,426 68,533 355,431 
Special Mention959 18,690 36,935 9,324 7,380 4,186 83,827 161,301 
Substandard5,040 26,967 47,433 38,221 12,814 8,499 37,284 176,258 
Doubtful— 235 784 3,450 73 66 15,315 19,923 
Total$360,219 $847,388 $473,550 $177,529 $88,734 $110,119 $1,207,040 $3,264,579 

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 
v3.22.0.1
EARNINGS PER COMMON SHARE ("EPS")
 3 Months Ended
Dec. 31, 2021
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 December 31,
(Dollars in thousands, except per share data)20212020
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$61,324 $28,037 
Dividends and undistributed earnings allocated to participating securities(953)(554)
Basic net earnings available to common stockholders60,371 27,483 
Undistributed earnings allocated to nonvested restricted stockholders929 521 
Reallocation of undistributed earnings to nonvested restricted stockholders(929)(521)
Diluted net earnings available to common stockholders$60,371 $27,483 
Total weighted-average basic common shares outstanding30,238,621 32,782,285 
Effect of dilutive securities(1)
Performance share units22,034 8,610 
Total effect of dilutive securities22,034 8,610 
Total weighted-average diluted common shares outstanding30,260,655 32,790,895 
Net earnings per common share:
Basic earnings per common share$2.00 $0.84 
Diluted earnings per common share(2)
$2.00 $0.84 
(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 December 31, 2021 and 2020, respectively, were 477,488 and 660,659 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.0.1
RENTAL EQUIPMENT, NET
 3 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Computers and IT networking equipment$16,267 $17,683 
Motor vehicles and other95,255 87,396 
Office furniture and equipment47,400 48,828 
Solar panels and equipment147,532 125,457 
Total306,454 279,364 
Accumulated depreciation(73,301)(67,825)
Unamortized initial direct costs1,540 1,577 
Net book value$234,693 $213,116 
Undiscounted future minimum lease payments expected to be received for operating leases at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$27,557 
202331,660 
202423,698 
202517,366 
202610,508 
Thereafter14,227 
Total undiscounted future minimum lease payments receivable for operating leases$125,016 
v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $309.5 million of goodwill at December 31, 2021. 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 three months ended December 31, 2021.
 
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(263)(39)(1,054)(132)(1,488)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
Gross carrying amount$14,624 $2,481 $82,088 $10,142 $109,335 
Accumulated amortization(5,064)(2,480)(55,026)(4,638)(67,208)
Accumulated impairment— — (10,248)(218)(10,466)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(272)(95)(1,486)(160)(2,013)
Write-offs during the period— — — (24)(24)
At December 31, 2020$10,629 $327 $22,847 $5,857 $39,660 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(3,995)(2,154)(48,993)(4,047)(59,189)
Accumulated impairment— — (10,248)(219)(10,467)
At December 31, 2020$10,629 $327 $22,847 $5,857 $39,660 
(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 nine months of fiscal 2022 and subsequent fiscal years was as follows:

(Dollars in thousands)
Remaining in 2022$4,933 
20235,102 
20244,384 
20253,826 
20263,252 
Thereafter10,164 
Total anticipated intangible amortization$31,661 

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 three months ended December 31, 2021 and 2020. Intangible expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.22.0.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES
 3 Months Ended
Dec. 31, 2021
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 $32.7 million and $25.2 million at December 31, 2021 and 2020, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $34.5 million and $26.7 million at December 31, 2021 and 2020, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$3,301 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 39,692 
Discount(5,167)
Total operating lease liabilities$34,525 

The weighted-average discount rate and remaining lease term for operating leases at December 31, 2021 were as follows:
Weighted-average discount rate2.33 %
Weighted-average remaining lease term (years)10.90

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20212020
Lease expense$1,137 $954 
Short-term and variable lease cost35 63 
ROU asset impairment— 224 
Sublease income(176)(108)
Total lease cost for operating leases$996 $1,133 
v3.22.0.1
STOCKHOLDERS' EQUITY
 3 Months Ended
Dec. 31, 2021
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 was 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 three months ended December 31, 2021, and 2020, the Company repurchased 1,711,501 and 1,864,474 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 December 31, 2021, 5,604,375 shares of common stock remained available for repurchase.
For the three months ended December 31, 2021, and 2020, the Company also repurchased 61,172 and 79,101 shares, or $3.4 million and $1.8 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.
v3.22.0.1
STOCK COMPENSATION
 3 Months Ended
Dec. 31, 2021
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 three months ended December 31, 2021. There were no options granted, exercised, or forfeited under this plan during the three months ended December 31, 2021.
(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 
Granted136,883 57.90 
Vested(187,198)34.38 
Forfeited or expired(8,430)42.59 
Nonvested shares outstanding, December 31, 2021
488,318 $36.17 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,894 $34.03 
Granted(1)
34,235 57.03 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, December 31, 2021
95,219 $42.30 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.

At December 31, 2021, stock-based compensation expense not yet recognized in income totaled $11.6 million, which is expected to be recognized over a weighted average remaining period of 1.88 years.
v3.22.0.1
INCOME TAXES
 3 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
The Company recorded an income tax expense of $14.3 million for the three months ended December 31, 2021, resulting in an effective tax rate of 18.89%, compared to an income tax expense of $3.5 million, or an effective tax rate of 10.77%, for the three months ended December 31, 2020. 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.
Three Months Ended December 31,
(Dollars in thousands)20212020
Provision at statutory rate$15,876 $6,630 
Tax-exempt income(172)(249)
State income taxes3,087 1,488 
Interim period effective rate adjustment1,827 5,467 
Tax credit investments, net - federal(5,670)(10,123)
Research tax credit— (323)
IRC 162(m) nondeductible compensation263 334 
Other, net(935)309 
Income tax expense$14,276 $3,533 
Effective tax rate18.89 %10.77 %
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Topic 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 December 31,20212020202120202021202020212020
Net interest income(1)
$26,271 $22,347 $44,926 $41,848 $416 $1,804 $71,613 $65,999 
Noninterest income:
Refund transfer product fees579 647 — — — — 579 647 
Tax advance product fees(1)
1,233 1,960 — — — — 1,233 1,960 
Payment card and deposit fees25,132 22,564 — — — — 25,132 22,564 
Other bank and deposit fees— — 231 234 6 3 237 237 
Rental income(1)
— 5 11,077 9,880 — — 11,077 9,885 
Net gain realized on investment securities(1)
— — — — 137 — 137 — 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 4,864 2,591 (8,329)256 (3,465)2,847 
Other income(1)
765 159 2,785 2,461 (1,889)4,695 1,661 7,315 
Total noninterest income27,709 25,335 18,957 15,166 39,925 4,954 86,591 45,455 
Revenue$53,980 $47,682 $63,883 $57,014 $40,341 $6,758 $158,204 $111,454 
(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 December 31, 2021 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 Meta Payments, Refund Advantage, and EPS products. 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, Meta Payments division relationships are recorded on a gross basis within the Condensed Consolidated Statements of Operations, as Meta 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 Meta 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 Meta 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 Meta is the agent in these contracts.
v3.22.0.1
SEGMENT REPORTING
 3 Months Ended
Dec. 31, 2021
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 Meta Payments and Tax Services divisions, as well as the Consumer Credit Products and ClearBalance business lines, are reported in the Consumer segment. The Crestmark and AFS 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:
Three Months Ended December 31, 2021
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Net interest income$26,271 $44,926 $416 $71,613 
Provision (reversal of) for credit losses1,262 11,591 (12,667)186 
Noninterest income27,709 18,957 39,925 86,591 
Noninterest expense19,661 33,046 29,729 82,436 
Income (loss) before income tax expense33,057 19,246 23,279 75,582 
Total assets550,336 3,260,619 3,798,703 7,609,658 
Total goodwill87,145 222,360 — 309,505 
Total deposits6,325,193 6,840 193,536 6,525,569 

Three Months Ended December 31, 2020
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Net interest income$22,347 $41,848 $1,804 $65,999 
Provision (reversal of) for credit losses2,366 6,467 (2,744)6,089 
Noninterest income25,335 15,166 4,954 45,455 
Noninterest expense18,162 27,168 27,245 72,575 
Income (loss) before income tax expense27,154 23,379 (17,743)32,790 
Total assets430,067 2,917,142 3,917,306 7,264,515 
Total goodwill87,145 222,360 — 309,505 
Total deposits5,884,638 13,230 309,923 6,207,791 
v3.22.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Dec. 31, 2021
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 December 31, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities150,839 — 150,839 — 
Obligations of states and political subdivisions2,799 — 2,799 — 
Non-bank qualified obligations of states and political subdivisions250,872 — 250,872 — 
Asset-backed securities378,849 — 378,849 — 
Mortgage-backed securities974,380 — 974,380 — 
Total debt securities AFS$1,782,739 $— $1,782,739 $— 
Common equities and mutual funds(1)
$9,854 $9,854 $— $— 
Non-marketable equity securities(2)
$5,618 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 2021 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 December 31, 2021 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 35%.
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 December 31, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$13,095 $— $— $13,095 
    Total loans and leases, net individually evaluated
    for credit loss		13,095 — — 13,095 
Foreclosed assets, net298 — — 298 
Total$13,393 $— $— $13,393 

 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
December 31, 2021
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$13,095 12,775 Market approach
Appraised values(1)
4% - 35%
Foreclosed assets, net$298 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 35%.

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 December 31, 2021 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 December 31, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$1,230,100 $1,230,100 $1,230,100 $— $— 
Debt securities available for sale1,782,739 1,782,739 — 1,782,739 — 
Debt securities held to maturity50,994 50,364 — 50,364 — 
Common equities and mutual funds(1)
9,854 9,854 9,854 — — 
Non-marketable equity securities(1)(2)
18,567 18,567 — 12,949 — 
Loans held for sale36,182 36,182 — 36,182 — 
Loans and leases3,682,606 3,624,832 — — 3,624,832 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable17,240 17,240 17,240 — — 
Financial liabilities
Deposits6,525,569 6,525,579 6,494,700 30,879 — 
Other short- and long-term borrowings92,274 93,309 — 93,309 — 
Accrued interest payable661 661 661 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 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.
v3.22.0.1
SUBSEQUENT EVENTS
 3 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTSManagement has evaluated subsequent events that occurred after December 31, 2021. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management did not identify any material subsequent events that would require recognition or disclosure in our Condensed Consolidated Financial Statements as of or for the quarter ended December 31, 2021.
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 3 Months Ended
Dec. 31, 2021
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.
v3.22.0.1
SECURITIES (Tables)
 3 Months Ended
Dec. 31, 2021
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 December 31, 2021
Corporate securities$25,000 $— $— $25,000 
SBA securities146,639 4,200 — 150,839 
Obligations of states and political subdivisions2,793 6 — 2,799 
Non-bank qualified obligations of states and political subdivisions250,241 2,056 (1,425)250,872 
Asset-backed securities379,192 2,331 (2,674)378,849 
Mortgage-backed securities978,336 6,962 (10,918)974,380 
Total debt securities AFS$1,782,201 $15,555 $(15,017)$1,782,739 
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$47,751 $14 $(679)$47,086 
Mortgage-backed securities3,243 35 — 3,278 
Total debt securities HTM$50,994 $49 $(679)$50,364 
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$110,535 $(1,425)$— $— $110,535 $(1,425)
Asset-backed securities198,807 (2,376)46,215 (298)245,022 (2,674)
Mortgage-backed securities702,224 (8,427)90,298 (2,491)792,522 (10,918)
Total debt securities AFS$1,011,566 $(12,228)$136,513 $(2,789)$1,148,079 $(15,017)
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 December 31, 2021
Non-bank qualified obligations of states and political subdivisions$42,068 $(679)$— $— $42,068 $(679)
Total debt securities HTM$42,068 $(679)$— $— $42,068 $(679)
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)
Schedule of Unrealized Loss on Investments, HTM
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 December 31, 2021At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$810 $814 $810 $822 
Due after one year through five years13,009 13,245 13,026 13,378 
Due after five years through ten years76,762 77,893 50,785 52,357 
Due after ten years713,284 716,407 773,985 781,313 
803,865 808,359 838,606 847,870 
Mortgage-backed securities978,336 974,380 1,016,478 1,017,029 
Total securities AFS, at fair value$1,782,201 $1,782,739 $1,855,084 $1,864,899 

At December 31, 2021At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$47,751 $47,086 $52,944 $52,576 
47,751 47,086 52,944 52,576 
Mortgage-backed securities3,243 3,278 3,725 3,815 
Total securities HTM, at cost$50,994 $50,364 $56,669 $56,391 
v3.22.0.1
LOANS AND LEASES, NET (Tables)
 3 Months Ended
Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Term lending$1,038,378 $961,019 
Asset based lending337,236 300,225 
Factoring402,972 363,670 
Lease financing245,315 266,050 
Insurance premium finance385,473 428,867 
SBA/USDA209,521 247,756 
Other commercial finance178,853 157,908 
Commercial finance2,797,748 2,725,495 
Consumer credit products173,343 129,251 
Other consumer finance144,412 123,606 
Consumer finance317,755 252,857 
Tax services100,272 10,405 
Warehouse finance466,831 419,926 
Community banking— 199,132 
Total loans and leases3,682,606 3,607,815 
Net deferred loan origination costs1,655 1,748 
Total gross loans and leases3,684,261 3,609,563 
Allowance for credit losses(67,623)(68,281)
Total loans and leases, net$3,616,638 $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 December 31,
(Dollars in thousands)20212020
Loans Purchased
Loans held for investment:
Commercial finance$1,720 $— 
Warehouse finance55,993 62,631 
Community banking— 2,299 
Total purchases$57,713 $64,930 
Loans Sold
Loans held for sale:
Commercial finance$33,023 $30,324 
Consumer finance376,444 291,540 
Community banking153,222 129,788 
Loans held for investment:
Community banking30,235 — 
Total sales$592,924 $451,652 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Carrying amount$255,907 $278,341 
Unguaranteed residual assets13,329 14,393 
Unamortized initial direct costs435 490 
Unearned income(23,921)(26,684)
Total net investment in direct financing and sales-type leases$245,750 $266,540 
Operating Lease, Lease Income
The components of total lease income were as follows:
Three Months Ended December 31,
(Dollars in thousands)20212020
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$4,573 $5,319 
Leasing and equipment finance noninterest income
Lease income from operating lease payments11,086 10,041 
Profit recorded on commencement date on sales-type leases— 71 
Other(1)
1,325 69 
Total leasing and equipment finance noninterest income12,411 10,181 
Total lease income$16,984 $15,500 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
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 December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$78,421 
202386,354 
202454,978 
202526,113 
20267,124 
Thereafter2,918 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases255,908 
Total carrying amount of direct financing and sales-type leases$255,908 
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 December 31, 2021
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $(858)$(2,085)$314 $26,722 
Asset based lending1,726 911 (16)137 2,758 
Factoring3,997 12,502 (1,275)18 15,242 
Lease financing7,629 (822)(16)66 6,857 
Insurance premium finance1,394 (270)(177)97 1,044 
SBA/USDA2,978 233 (217)2 2,996 
Other commercial finance1,168 181 — — 1,349 
Commercial finance48,243 11,877 (3,786)634 56,968 
Consumer credit products1,242 385 — — 1,627 
Other consumer finance6,112 1,560 (819)107 6,960 
Consumer finance7,354 1,945 (819)107 8,587 
Tax services2 (714)(254)2,567 1,601 
Warehouse finance420 47 — — 467 
Community banking12,262 (12,684)— 422 — 
Total loans and leases68,281 471 (4,859)3,730 67,623 
Unfunded commitments(1)
690 (285)— — 405 
Total $68,971 $186 $(4,859)$3,730 $68,028 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2020
(Dollars in thousands)Beginning BalanceImpact of CECL AdoptionProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $6,026 $(3,312)$296 $28,220 
Asset based lending1,406 164 839 (600)— 1,809 
Factoring3,027 987 (1,416)(1)1,122 3,719 
Lease financing7,023 (556)1,112 (876)81 6,784 
Insurance premium finance2,129 (965)488 (656)289 1,285 
SBA/USDA940 2,720 (497)— 1 3,164 
Other commercial finance182 364 (67)— — 479 
Commercial finance29,918 12,713 6,485 (5,445)1,789 45,460 
Consumer credit products845 — (10)— — 835 
Other consumer finance2,821 5,998 1,482 (218)93 10,176 
Consumer finance3,666 5,998 1,472 (218)93 11,011 
Tax services2 — 454 — 956 1,412 
Warehouse finance294 (1)26 — — 319 
Community banking22,308 (5,937)(2,173)(11)— 14,187 
Total loans and leases56,188 12,773 6,264 (5,674)2,838 72,389 
Unfunded commitments(1)
32 831 (175)— — 688 
Total $56,220 $13,604 $6,089 $(5,674)$2,838 $73,077 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
Past Due Loans and Leases
Past due loans and leases were as follows:
At December 31, 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$9 $2 $— $11 $36,171 $36,182 $— $— $— 
Term lending25,308 4,350 4,331 33,989 1,004,389 1,038,378 679 12,732 13,411 
Asset based lending216 — — 216 337,020 337,236 — 5,995 5,995 
Factoring— — — — 402,972 402,972 — 15,335 15,335 
Lease financing11,721 3,227 1,803 16,751 228,564 245,315 1,783 3,051 4,834 
Insurance premium finance1,409 777 721 2,907 382,566 385,473 721 — 721 
SBA/USDA2,414 185 713 3,312 206,209 209,521 713 647 1,360 
Other commercial finance405 — — 405 178,448 178,853 — — — 
Commercial finance41,473 8,539 7,568 57,580 2,740,168 2,797,748 3,896 37,760 41,656 
Consumer credit products3,307 1,838 617 5,762 167,581 173,343 617 — 617 
Other consumer finance1,573 439 917 2,929 141,483 144,412 917 — 917 
Consumer finance4,880 2,277 1,534 8,691 309,064 317,755 1,534 — 1,534 
Tax services— — — — 100,272 100,272 — — — 
Warehouse finance— — — — 466,831 466,831 — — — 
Community banking— — — — — — — — — 
Total loans and leases held for investment46,353 10,816 9,102 66,271 3,616,335 3,682,606 5,430 37,760 43,190 
Total loans and leases$46,362 $10,818 $9,102 $66,282 $3,652,506 $3,718,788 $5,430 $37,760 $43,190 
At September 30, 2021
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $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 $55,932 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination at December 31, 2021 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
(Dollars in thousands)20222021202020192018Prior
Term lending$— $765 $3,106 $8,123 $611 $127 $— $12,732 $3,025 
Asset based lending— — — — — — 5,995 5,995 — 
Factoring— — — — — — 15,335 15,335 — 
Lease financing— 87 18 2,380 546 20 — 3,051 — 
SBA/USDA— — 647 — — — — 647 326 
Commercial finance— 852 3,771 10,503 1,157 147 21,330 37,760 3,351 
Total nonaccrual loans and leases$— $852 $3,771 $10,503 $1,157 $147 $21,330 $37,760 $3,351 
Loans and leases that are 90 days or more delinquent and accruing by year of origination at December 31, 2021 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
(Dollars in thousands)20222021202020192018Prior
Term lending$— $84 $595 $— $— $— $— $679 
Lease financing132 973 79 380 126 93 — 1,783 
Insurance premium finance19 702 — — — — — 721 
SBA/USDA— — 647 — — 66 — 713 
Commercial finance151 1,759 1,321 380 126 159 — 3,896 
Consumer credit products— 471 5 141 — — — 617 
Other consumer finance— 7 — — — 910 — 917 
Consumer finance— 478 5 141 — 910 — 1,534 
Total 90 days or more delinquent and accruing$151 $2,237 $1,326 $521 $126 $1,069 $— $5,430 
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 December 31, 2021At September 30, 2021
Term lending$68,838 $20,965 
Asset based lending5,992 — 
Factoring16,503 1,268 
Lease financing13,254 3,882 
SBA/USDA797 — 
Commercial finance(1)
105,384 26,115 
Community banking— 14,915 
Total$105,384 $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. Accordingly, 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 December 31, 2021, $0.4 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 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 $317.8 million and $100.3 million at December 31, 2021, 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 December 31, 202120222021202020192018Prior
Term lending
Pass$145,763 $337,426 $175,447 $54,833 $37,328 $12,940 $— $763,737 
Watch9,627 53,179 70,323 27,372 7,346 2,979 — 170,826 
Special Mention194 888 21,679 4,409 697 3,127 — 30,994 
Substandard5,040 16,035 18,469 23,418 3,582 3,922 — 70,466 
Doubtful— 140 780 1,361 74 — — 2,355 
Total160,624 407,668 286,698 111,393 49,027 22,968 — 1,038,378 
Asset based lending
Pass— — — — — — 235,577 235,577 
Watch— — — — — — 30,560 30,560 
Special Mention— — — — — — 53,240 53,240 
Substandard— — — — — — 17,859 17,859 
Total— — — — — — 337,236 337,236 
Factoring
Pass— — — — — — 299,672 299,672 
Watch— — — — — — 37,974 37,974 
Special Mention— — — — — — 30,587 30,587 
Substandard— — — — — — 19,425 19,425 
Doubtful— — — — — — 15,314 15,314 
Total— — — — — — 402,972 402,972 
Lease financing
Pass5,592 47,808 61,345 13,162 6,148 365 — 134,420 
Watch1,122 21,300 18,565 6,966 2,693 2,095 — 52,741 
Special Mention765 17,737 14,560 3,768 1,263 55 — 38,148 
Substandard— 600 11,208 5,302 786 21 — 17,917 
Doubtful— — — 2,089 — — — 2,089 
Total7,479 87,445 105,678 31,287 10,890 2,536 — 245,315 
Insurance premium finance
Pass169,134 215,844 46 3 — — — 385,027 
Watch— 183 — — — — — 183 
Special Mention— 66 — — — — — 66 
Substandard— 78 20 — — — — 98 
Doubtful— 95 4 — — — — 99 
Total169,134 216,266 70 3 — — — 385,473 
SBA/USDA
Pass2,851 77,090 25,399 13,028 12,525 9,859 — 140,752 
Watch— — 19,705 1,963 — 1,350 — 23,018 
Special Mention— — 696 1,147 4,971 1,005 — 7,819 
Substandard— — 17,732 9,502 8,177 2,455 — 37,866 
Doubtful— — — — — 66 — 66 
Total2,851 77,090 63,532 25,640 25,673 14,735 — 209,521 
Other commercial finance
Pass20,130 28,666 764 5,885 2,428 67,777 — 125,650 
Watch— 20,000 16,807 3,322 — — — 40,129 
Special Mention— — — — 447 — — 447 
Substandard— 10,255 — — 270 2,102 — 12,627 
Total20,130 58,921 17,571 9,207 3,145 69,879 — 178,853 
Warehouse finance
Pass— — — — — — 466,831 466,831 
Total— — — — — — 466,831 466,831 
Total loans and leases
Pass343,470 706,834 263,000 86,911 58,428 90,942 1,002,081 2,551,666 
Watch10,750 94,662 125,398 39,623 10,039 6,426 68,533 355,431 
Special Mention959 18,690 36,935 9,324 7,380 4,186 83,827 161,301 
Substandard5,040 26,967 47,433 38,221 12,814 8,499 37,284 176,258 
Doubtful— 235 784 3,450 73 66 15,315 19,923 
Total$360,219 $847,388 $473,550 $177,529 $88,734 $110,119 $1,207,040 $3,264,579 

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 
The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended December 31,
(Dollars in thousands)20212020
Term lending$13,922 $14,876 
Asset based lending4,011 1,074 
Factoring12,247 935 
Lease financing3,033 3,556 
SBA/USDA216 600 
Commercial finance33,429 21,041 
Community banking— 8,433 
Total loans and leases$33,429 $29,474 
v3.22.0.1
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 3 Months Ended
Dec. 31, 2021
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 December 31,
(Dollars in thousands, except per share data)20212020
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$61,324 $28,037 
Dividends and undistributed earnings allocated to participating securities(953)(554)
Basic net earnings available to common stockholders60,371 27,483 
Undistributed earnings allocated to nonvested restricted stockholders929 521 
Reallocation of undistributed earnings to nonvested restricted stockholders(929)(521)
Diluted net earnings available to common stockholders$60,371 $27,483 
Total weighted-average basic common shares outstanding30,238,621 32,782,285 
Effect of dilutive securities(1)
Performance share units22,034 8,610 
Total effect of dilutive securities22,034 8,610 
Total weighted-average diluted common shares outstanding30,260,655 32,790,895 
Net earnings per common share:
Basic earnings per common share$2.00 $0.84 
Diluted earnings per common share(2)
$2.00 $0.84 
(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 December 31, 2021 and 2020, respectively, were 477,488 and 660,659 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.0.1
RENTAL EQUIPMENT, NET (Tables)
 3 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2021September 30, 2021
Computers and IT networking equipment$16,267 $17,683 
Motor vehicles and other95,255 87,396 
Office furniture and equipment47,400 48,828 
Solar panels and equipment147,532 125,457 
Total306,454 279,364 
Accumulated depreciation(73,301)(67,825)
Unamortized initial direct costs1,540 1,577 
Net book value$234,693 $213,116 
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$27,557 
202331,660 
202423,698 
202517,366 
202610,508 
Thereafter14,227 
Total undiscounted future minimum lease payments receivable for operating leases$125,016 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$3,301 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 39,692 
Discount(5,167)
Total operating lease liabilities$34,525 
v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Dec. 31, 2021
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(263)(39)(1,054)(132)(1,488)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
Gross carrying amount$14,624 $2,481 $82,088 $10,142 $109,335 
Accumulated amortization(5,064)(2,480)(55,026)(4,638)(67,208)
Accumulated impairment— — (10,248)(218)(10,466)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(272)(95)(1,486)(160)(2,013)
Write-offs during the period— — — (24)(24)
At December 31, 2020$10,629 $327 $22,847 $5,857 $39,660 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(3,995)(2,154)(48,993)(4,047)(59,189)
Accumulated impairment— — (10,248)(219)(10,467)
At December 31, 2020$10,629 $327 $22,847 $5,857 $39,660 
(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 nine months of fiscal 2022 and subsequent fiscal years was as follows:
(Dollars in thousands)
Remaining in 2022$4,933 
20235,102 
20244,384 
20253,826 
20263,252 
Thereafter10,164 
Total anticipated intangible amortization$31,661 
v3.22.0.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$27,557 
202331,660 
202423,698 
202517,366 
202610,508 
Thereafter14,227 
Total undiscounted future minimum lease payments receivable for operating leases$125,016 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2021 were as follows:
(Dollars in thousands)
Remaining in 2022$3,301 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 39,692 
Discount(5,167)
Total operating lease liabilities$34,525 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases at December 31, 2021 were as follows:
Weighted-average discount rate2.33 %
Weighted-average remaining lease term (years)10.90

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20212020
Lease expense$1,137 $954 
Short-term and variable lease cost35 63 
ROU asset impairment— 224 
Sublease income(176)(108)
Total lease cost for operating leases$996 $1,133 
v3.22.0.1
STOCK COMPENSATION (Tables)
 3 Months Ended
Dec. 31, 2021
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 three months ended December 31, 2021. There were no options granted, exercised, or forfeited under this plan during the three months ended December 31, 2021.
(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 
Granted136,883 57.90 
Vested(187,198)34.38 
Forfeited or expired(8,430)42.59 
Nonvested shares outstanding, December 31, 2021
488,318 $36.17 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,894 $34.03 
Granted(1)
34,235 57.03 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, December 31, 2021
95,219 $42.30 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
v3.22.0.1
INCOME TAXES (Tables)
 3 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.
Three Months Ended December 31,
(Dollars in thousands)20212020
Provision at statutory rate$15,876 $6,630 
Tax-exempt income(172)(249)
State income taxes3,087 1,488 
Interim period effective rate adjustment1,827 5,467 
Tax credit investments, net - federal(5,670)(10,123)
Research tax credit— (323)
IRC 162(m) nondeductible compensation263 334 
Other, net(935)309 
Income tax expense$14,276 $3,533 
Effective tax rate18.89 %10.77 %
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Dec. 31, 2021
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 December 31,20212020202120202021202020212020
Net interest income(1)
$26,271 $22,347 $44,926 $41,848 $416 $1,804 $71,613 $65,999 
Noninterest income:
Refund transfer product fees579 647 — — — — 579 647 
Tax advance product fees(1)
1,233 1,960 — — — — 1,233 1,960 
Payment card and deposit fees25,132 22,564 — — — — 25,132 22,564 
Other bank and deposit fees— — 231 234 6 3 237 237 
Rental income(1)
— 5 11,077 9,880 — — 11,077 9,885 
Net gain realized on investment securities(1)
— — — — 137 — 137 — 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 4,864 2,591 (8,329)256 (3,465)2,847 
Other income(1)
765 159 2,785 2,461 (1,889)4,695 1,661 7,315 
Total noninterest income27,709 25,335 18,957 15,166 39,925 4,954 86,591 45,455 
Revenue$53,980 $47,682 $63,883 $57,014 $40,341 $6,758 $158,204 $111,454 
(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.
v3.22.0.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information of Entity
The following tables present segment data for the Company:
Three Months Ended December 31, 2021
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Net interest income$26,271 $44,926 $416 $71,613 
Provision (reversal of) for credit losses1,262 11,591 (12,667)186 
Noninterest income27,709 18,957 39,925 86,591 
Noninterest expense19,661 33,046 29,729 82,436 
Income (loss) before income tax expense33,057 19,246 23,279 75,582 
Total assets550,336 3,260,619 3,798,703 7,609,658 
Total goodwill87,145 222,360 — 309,505 
Total deposits6,325,193 6,840 193,536 6,525,569 

Three Months Ended December 31, 2020
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Net interest income$22,347 $41,848 $1,804 $65,999 
Provision (reversal of) for credit losses2,366 6,467 (2,744)6,089 
Noninterest income25,335 15,166 4,954 45,455 
Noninterest expense18,162 27,168 27,245 72,575 
Income (loss) before income tax expense27,154 23,379 (17,743)32,790 
Total assets430,067 2,917,142 3,917,306 7,264,515 
Total goodwill87,145 222,360 — 309,505 
Total deposits5,884,638 13,230 309,923 6,207,791 
v3.22.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Dec. 31, 2021
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 December 31, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities150,839 — 150,839 — 
Obligations of states and political subdivisions2,799 — 2,799 — 
Non-bank qualified obligations of states and political subdivisions250,872 — 250,872 — 
Asset-backed securities378,849 — 378,849 — 
Mortgage-backed securities974,380 — 974,380 — 
Total debt securities AFS$1,782,739 $— $1,782,739 $— 
Common equities and mutual funds(1)
$9,854 $9,854 $— $— 
Non-marketable equity securities(2)
$5,618 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 2021 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 December 31, 2021 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 December 31, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$13,095 $— $— $13,095 
    Total loans and leases, net individually evaluated
    for credit loss		13,095 — — 13,095 
Foreclosed assets, net298 — — 298 
Total$13,393 $— $— $13,393 

 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
December 31, 2021
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$13,095 12,775 Market approach
Appraised values(1)
4% - 35%
Foreclosed assets, net$298 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 35%.
Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
 At December 31, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$1,230,100 $1,230,100 $1,230,100 $— $— 
Debt securities available for sale1,782,739 1,782,739 — 1,782,739 — 
Debt securities held to maturity50,994 50,364 — 50,364 — 
Common equities and mutual funds(1)
9,854 9,854 9,854 — — 
Non-marketable equity securities(1)(2)
18,567 18,567 — 12,949 — 
Loans held for sale36,182 36,182 — 36,182 — 
Loans and leases3,682,606 3,624,832 — — 3,624,832 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable17,240 17,240 17,240 — — 
Financial liabilities
Deposits6,525,569 6,525,579 6,494,700 30,879 — 
Other short- and long-term borrowings92,274 93,309 — 93,309 — 
Accrued interest payable661 661 661 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 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.
 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 $— $— 
Debt securities available for sale1,864,899 1,864,899 — 1,864,899 — 
Debt securities held to maturity56,669 56,391 — 56,391 — 
Common equities and mutual funds(1)
12,668 12,668 12,668 — — 
Non-marketable equity securities(1)(2)
17,509 17,509 — 12,949 — 
Loans held for sale56,194 56,194 — 56,194 — 
Loans and leases3,607,815 3,616,646 — — 3,616,646 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable16,254 16,254 16,254 — — 
Financial liabilities
Deposits5,514,971 5,515,035 5,482,471 32,564 — 
Other short- and long-term borrowings92,834 93,938 — 93,938 — 
Accrued interest payable579 579 579 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at September 30, 2021.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.0.1
SIGNIFICANT EVENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 07, 2021
Dec. 31, 2021
Dec. 31, 2020
Sep. 30, 2022
Unusual or Infrequent Item, or Both [Line Items]        
Proceeds from sale of trademarks   $ 50,000 $ 0  
Noninterest income   86,591 $ 45,455  
Purchase agreement receivable $ 10,000      
Forecast | Minimum        
Unusual or Infrequent Item, or Both [Line Items]        
Rebranding expense       $ 15,000
Forecast | Maximum        
Unusual or Infrequent Item, or Both [Line Items]        
Rebranding expense       $ 20,000
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      
v3.22.0.1
SECURITIES - Narrative (Details)
$ in Millions
 3 Months Ended
Dec. 31, 2021
USD ($)
security
Dec. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
Debt Securities, Available-for-sale [Line Items]      
AFS number of securities in an unrealized loss position (in securities) | security 80    
Equity securities without readily determinable fair value, amount $ 15.9   $ 16.0
Gain on security sold 0.1    
Federal reserve bank stock 19.7   19.7
Federal home loan bank stock 8.7   8.7
Impairment recognized 0.0    
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 9.9   12.7
Unrealized losses on equity securities 2.3    
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 5.6   $ 4.6
Unrealized losses on equity securities $ 0.3    
Unrealized gains on equity securities   $ 0.1  
v3.22.0.1
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 1,782,201 $ 1,855,084
Fair Value 1,782,739 1,864,899
Amortized Cost    
Due in one year or less 810 810
Due after one year through five years 13,009 13,026
Due after five years through ten years 76,762 50,785
Due after ten years 713,284 773,985
Total 803,865 838,606
Mortgage-backed securities 978,336 1,016,478
Fair Value    
Due in one year or less 814 822
Due after one year through five years 13,245 13,378
Due after five years through ten years 77,893 52,357
Due after ten years 716,407 781,313
Total 808,359 847,870
Mortgage-backed securities 974,380 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) 0 0
Fair Value 25,000 25,000
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 146,639 151,958
Gross Unrealized Gains 4,200 5,251
Gross Unrealized (Losses) 0 0
Fair Value 150,839 157,209
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,793 2,497
Gross Unrealized Gains 6 10
Gross Unrealized (Losses) 0 0
Fair Value 2,799 2,507
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 250,241 266,048
Gross Unrealized Gains 2,056 3,347
Gross Unrealized (Losses) (1,425) (1,100)
Fair Value 250,872 268,295
LESS THAN 12 MONTHS, Fair Value 110,535 101,046
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,425) (1,100)
OVER 12 MONTHS, Fair Value 0 0
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0
TOTAL, Fair Value 110,535 101,046
TOTAL, Gross Unrealized (Losses) (1,425) (1,100)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 379,192 393,103
Gross Unrealized Gains 2,331 3,003
Gross Unrealized (Losses) (2,674) (1,247)
Fair Value 378,849 394,859
LESS THAN 12 MONTHS, Fair Value 198,807 127,110
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (2,376) (283)
OVER 12 MONTHS, Fair Value 46,215 91,553
OVER 12 MONTHS, Gross Unrealized (Losses) (298) (964)
TOTAL, Fair Value 245,022 218,663
TOTAL, Gross Unrealized (Losses) (2,674) (1,247)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 978,336 1,016,478
Gross Unrealized Gains 6,962 9,728
Gross Unrealized (Losses) (10,918) (9,177)
Fair Value 974,380 1,017,029
LESS THAN 12 MONTHS, Fair Value 702,224 759,035
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (8,427) (7,418)
OVER 12 MONTHS, Fair Value 90,298 60,792
OVER 12 MONTHS, Gross Unrealized (Losses) (2,491) (1,759)
TOTAL, Fair Value 792,522 819,827
TOTAL, Gross Unrealized (Losses) (10,918) (9,177)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,782,201 1,855,084
Gross Unrealized Gains 15,555 21,339
Gross Unrealized (Losses) (15,017) (11,524)
Fair Value 1,782,739 1,864,899
LESS THAN 12 MONTHS, Fair Value 1,011,566 987,191
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (12,228) (8,801)
OVER 12 MONTHS, Fair Value 136,513 152,345
OVER 12 MONTHS, Gross Unrealized (Losses) (2,789) (2,723)
TOTAL, Fair Value 1,148,079 1,139,536
TOTAL, Gross Unrealized (Losses) $ (15,017) $ (11,524)
v3.22.0.1
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]      
Amortized Cost $ 50,994 $ 56,669  
Gross Unrealized Gains 49 193  
Gross Unrealized (Losses) (679) (471)  
Fair Value 50,364 56,391 $ 56,391
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]      
LESS THAN 12 MONTHS, Fair Value 42,068 26,096  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (679) (471)  
OVER 12 MONTHS, Fair Value 0 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0  
TOTAL, Fair Value 42,068 26,096  
TOTAL, Gross Unrealized (Losses) (679) (471)  
Amortized Cost      
Due after ten years 47,751 52,944  
Total 47,751 52,944  
Mortgage-backed securities 3,243 3,725  
Fair Value      
Due after ten years 47,086 52,576  
Total 47,086 52,576  
Mortgage-backed securities 3,278 3,815  
Non-bank qualified obligations of states and political subdivisions      
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]      
Amortized Cost 47,751 52,944  
Gross Unrealized Gains 14 103  
Gross Unrealized (Losses) (679) (471)  
Fair Value 47,086 52,576  
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]      
LESS THAN 12 MONTHS, Fair Value 42,068 26,096  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (679) (471)  
OVER 12 MONTHS, Fair Value 0 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0  
TOTAL, Fair Value 42,068 26,096  
TOTAL, Gross Unrealized (Losses) (679) (471)  
Mortgage-backed securities      
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]      
Amortized Cost 3,243 3,725  
Gross Unrealized Gains 35 90  
Gross Unrealized (Losses) 0 0  
Fair Value $ 3,278 $ 3,815  
v3.22.0.1
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases $ 3,682,606 $ 3,607,815    
Net deferred loan origination costs 1,655 1,748    
Total gross loans and leases 3,684,261 3,609,563    
Allowance for credit losses (67,623) (68,281)    
Total loans and leases, net 3,616,638 3,541,282    
National Lending | Term lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 1,038,378 961,019    
Allowance for credit losses (26,722) (29,351) $ (28,220) $ (15,211)
National Lending | Asset based lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 337,236 300,225    
Allowance for credit losses (2,758) (1,726) (1,809) (1,406)
National Lending | Factoring        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 402,972 363,670    
Allowance for credit losses (15,242) (3,997) (3,719) (3,027)
National Lending | Lease financing        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 245,315 266,050    
Allowance for credit losses (6,857) (7,629) (6,784) (7,023)
National Lending | Insurance premium finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 385,473 428,867    
Allowance for credit losses (1,044) (1,394) (1,285) (2,129)
National Lending | SBA/USDA        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 209,521 247,756    
Allowance for credit losses (2,996) (2,978) (3,164) (940)
National Lending | Other commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 178,853 157,908    
Allowance for credit losses (1,349) (1,168) (479) (182)
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 2,797,748 2,725,495    
Allowance for credit losses (56,968) (48,243) (45,460) (29,918)
National Lending | Consumer credit products        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 173,343 129,251    
Allowance for credit losses (1,627) (1,242) (835) (845)
National Lending | Other consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 144,412 123,606    
Allowance for credit losses (6,960) (6,112) (10,176) (2,821)
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 317,755 252,857    
Allowance for credit losses (8,587) (7,354) (11,011) (3,666)
National Lending | Tax services        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 100,272 10,405    
Allowance for credit losses (1,601) (2) (1,412) (2)
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 466,831 419,926    
Allowance for credit losses (467) (420) (319) (294)
Community Banking        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 0 199,132    
Allowance for credit losses $ 0 $ (12,262) $ (14,187) $ (22,308)
v3.22.0.1
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases to held for sale $ 168,426 $ 100,442  
Originated loans held for sale 385,558 303,501  
Proceeds from sale of loans held-for-sale 562,700 451,700  
Gain (loss) on sale of loans and leases (4,400) 3,500  
Carrying amount of direct financing and sales-type leases subject to residual value guarantees 4,000    
Loans and leases 3,684,261   $ 3,609,563
Community Bank      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Servicing fee expense 200 1,100 3,300
Additional loans sold $ 192,500 129,800 308,100
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 $ 400    
Consumer finance portfolio segment      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 317,800   252,900
Tax services loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 100,300   $ 10,400
National Lending | Other Consumer Finance, SBA/USDA and Consumer Credit Product Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale 385,600 385,600  
National Lending | SBA/USDA and Consumer Credit Product Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale $ 303,500 $ 303,500  
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    
v3.22.0.1
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Total purchases $ 57,713 $ 64,930
Loans Sold, Loans held for sale 562,689 451,652
Loans Sold, Total sales 592,924 451,652
National Lending | Commercial finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Total purchases 1,720 0
Loans Sold, Loans held for sale 33,023 30,324
National Lending | Warehouse finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Total purchases 55,993 62,631
National Lending | Consumer finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Sold, Loans held for sale 376,444 291,540
Community Banking    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Total purchases 0 2,299
Loans Sold, Loans held for sale 153,222 129,788
Loans Sold, Loans held for investment $ 30,235 $ 0
v3.22.0.1
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Sep. 30, 2021
Net Investment in Lease [Abstract]      
Carrying amount $ 255,907   $ 278,341
Unguaranteed residual assets 13,329   14,393
Unamortized initial direct costs 435   490
Unearned income (23,921)   (26,684)
Total net investment in direct financing and sales-type leases 245,750   $ 266,540
Operating Lease, Lease Income [Abstract]      
Interest income on net investments in direct financing and sales-type leases 4,573 $ 5,319  
Lease income from operating lease payments 11,086 10,041  
Profit recorded on commencement date on sales-type leases 0 71  
Other 1,325 69  
Total leasing and equipment finance noninterest income 12,411 10,181  
Total lease income 16,984 $ 15,500  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]      
Remaining in 2022 78,421    
2023 86,354    
2024 54,978    
2025 26,113    
2026 7,124    
Thereafter 2,918    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 255,908    
Total carrying amount of direct financing and sales-type leases $ 255,908    
v3.22.0.1
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Allowance for Credit Losses [Roll Forward]    
Beginning Balance $ 68,281  
Provision (Reversal) 186 $ 6,089
Ending Balance 67,623  
Total Committed Loans    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 68,281 56,188
Provision (Reversal) 471 6,264
Charge-offs (4,859) (5,674)
Recoveries 3,730 2,838
Ending Balance 67,623 72,389
Total Committed Loans | Adjustment    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance   12,773
Unfunded commitments    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 690 32
Provision (Reversal) (285) (175)
Charge-offs 0 0
Recoveries 0 0
Ending Balance 405 688
Unfunded commitments | Adjustment    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance   831
Total Loans    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 68,971 56,220
Provision (Reversal) 186 6,089
Charge-offs (4,859) (5,674)
Recoveries 3,730 2,838
Ending Balance 68,028 73,077
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 29,351 15,211
Provision (Reversal) (858) 6,026
Charge-offs (2,085) (3,312)
Recoveries 314 296
Ending Balance 26,722 28,220
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 1,726 1,406
Provision (Reversal) 911 839
Charge-offs (16) (600)
Recoveries 137 0
Ending Balance 2,758 1,809
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 3,997 3,027
Provision (Reversal) 12,502 (1,416)
Charge-offs (1,275) (1)
Recoveries 18 1,122
Ending Balance 15,242 3,719
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 7,629 7,023
Provision (Reversal) (822) 1,112
Charge-offs (16) (876)
Recoveries 66 81
Ending Balance 6,857 6,784
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 1,394 2,129
Provision (Reversal) (270) 488
Charge-offs (177) (656)
Recoveries 97 289
Ending Balance 1,044 1,285
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 2,978 940
Provision (Reversal) 233 (497)
Charge-offs (217) 0
Recoveries 2 1
Ending Balance 2,996 3,164
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 1,168 182
Provision (Reversal) 181 (67)
Charge-offs 0 0
Recoveries 0 0
Ending Balance 1,349 479
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 48,243 29,918
Provision (Reversal) 11,877 6,485
Charge-offs (3,786) (5,445)
Recoveries 634 1,789
Ending Balance 56,968 45,460
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 1,242 845
Provision (Reversal) 385 (10)
Charge-offs 0 0
Recoveries 0 0
Ending Balance 1,627 835
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 6,112 2,821
Provision (Reversal) 1,560 1,482
Charge-offs (819) (218)
Recoveries 107 93
Ending Balance 6,960 10,176
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 7,354 3,666
Provision (Reversal) 1,945 1,472
Charge-offs (819) (218)
Recoveries 107 93
Ending Balance 8,587 11,011
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 2 2
Provision (Reversal) (714) 454
Charge-offs (254) 0
Recoveries 2,567 956
Ending Balance 1,601 1,412
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 420 294
Provision (Reversal) 47 26
Charge-offs 0 0
Recoveries 0 0
Ending Balance 467 319
National Lending | Warehouse finance | Adjustment    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance   (1)
Community Banking    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 12,262 22,308
Provision (Reversal) (12,684) (2,173)
Charge-offs 0 (11)
Recoveries 422 0
Ending Balance $ 0 14,187
Community Banking | Adjustment    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance   $ (5,937)
v3.22.0.1
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance $ 105,384 $ 41,030
Average recorded investment 33,429 29,474
National Lending | Term lending    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 68,838 20,965
Average recorded investment 13,922 14,876
National Lending | Asset based lending    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 5,992 0
Average recorded investment 4,011 1,074
National Lending | Factoring    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 16,503 1,268
Average recorded investment 12,247 935
National Lending | Lease financing    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 13,254 3,882
Average recorded investment 3,033 3,556
National Lending | SBA/USDA    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 797 0
Average recorded investment 216 600
National Lending | Commercial finance    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 105,384 26,115
Average recorded investment 33,429 21,041
Community Banking    
Financing Receivable, Impaired [Line Items]    
Impaired loans, unpaid balance 0 14,915
Average recorded investment $ 0 $ 8,433
v3.22.0.1
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases $ 3,684,261 $ 3,609,563
Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 343,470 1,012,088
2021 706,834 303,727
2020 263,000 105,274
2019 86,911 60,727
2018 58,428 20,605
Prior 90,942 66,655
Revolving Loans and Leases 1,002,081 899,481
Total gross loans and leases 2,551,666 2,468,557
Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 10,750 85,369
2021 94,662 140,131
2020 125,398 47,620
2019 39,623 37,132
2018 10,039 9,057
Prior 6,426 3,926
Revolving Loans and Leases 68,533 70,056
Total gross loans and leases 355,431 393,291
Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 959 21,882
2021 18,690 55,606
2020 36,935 45,099
2019 9,324 5,826
2018 7,380 307
Prior 4,186 1,552
Revolving Loans and Leases 83,827 76,171
Total gross loans and leases 161,301 206,443
Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 5,040 19,584
2021 26,967 25,613
2020 47,433 90,900
2019 38,221 63,338
2018 12,814 17,891
Prior 8,499 8,762
Revolving Loans and Leases 37,284 38,113
Total gross loans and leases 176,258 264,201
Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 310
2021 235 1,822
2020 784 4,158
2019 3,450 5,770
2018 73 1
Prior 66 0
Revolving Loans and Leases 15,315 0
Total gross loans and leases 19,923 12,061
Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 360,219 1,139,233
2021 847,388 526,899
2020 473,550 293,051
2019 177,529 172,793
2018 88,734 47,861
Prior 110,119 80,895
Revolving Loans and Leases 1,207,040 1,083,821
Total gross loans and leases 3,264,579 3,344,553
National Lending | Term lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 145,763 362,443
2021 337,426 192,305
2020 175,447 63,708
2019 54,833 34,381
2018 37,328 3,195
Prior 12,940 1,236
Revolving Loans and Leases 0 0
Total gross loans and leases 763,737 657,268
National Lending | Term lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 9,627 63,046
2021 53,179 71,701
2020 70,323 32,941
2019 27,372 21,419
2018 7,346 76
Prior 2,979 3,628
Revolving Loans and Leases 0 0
Total gross loans and leases 170,826 192,811
National Lending | Term lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 194 6,422
2021 888 26,673
2020 21,679 4,821
2019 4,409 932
2018 697 70
Prior 3,127 633
Revolving Loans and Leases 0 0
Total gross loans and leases 30,994 39,551
National Lending | Term lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 5,040 18,569
2021 16,035 16,810
2020 18,469 26,920
2019 23,418 3,529
2018 3,582 928
Prior 3,922 641
Revolving Loans and Leases 0 0
Total gross loans and leases 70,466 67,397
National Lending | Term lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 252
2021 140 1,673
2020 780 1,756
2019 1,361 311
2018 74 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 2,355 3,992
National Lending | Term lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 160,624 450,732
2021 407,668 309,162
2020 286,698 130,146
2019 111,393 60,572
2018 49,027 4,269
Prior 22,968 6,138
Revolving Loans and Leases 0 0
Total gross loans and leases 1,038,378 961,019
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 235,577 185,432
Total gross loans and leases 235,577 185,432
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 30,560 52,072
Total gross loans and leases 30,560 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 53,240 43,135
Total gross loans and leases 53,240 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 17,859 19,586
Total gross loans and leases 17,859 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 337,236 300,225
Total gross loans and leases 337,236 300,225
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 299,672 294,124
Total gross loans and leases 299,672 294,124
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 37,974 17,984
Total gross loans and leases 37,974 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 30,587 33,035
Total gross loans and leases 30,587 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 19,425 18,527
Total gross loans and leases 19,425 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 15,314  
Total gross loans and leases 15,314  
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 402,972 363,670
Total gross loans and leases 402,972 363,670
National Lending | Lease financing | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 5,592 54,434
2021 47,808 73,629
2020 61,345 17,153
2019 13,162 7,511
2018 6,148 1,857
Prior 365 203
Revolving Loans and Leases 0 0
Total gross loans and leases 134,420 154,787
National Lending | Lease financing | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 1,122 22,061
2021 21,300 20,455
2020 18,565 9,274
2019 6,966 2,739
2018 2,693 1,454
Prior 2,095 0
Revolving Loans and Leases 0 0
Total gross loans and leases 52,741 55,983
National Lending | Lease financing | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 765 15,402
2021 17,737 20,595
2020 14,560 4,148
2019 3,768 1,546
2018 1,263 61
Prior 55 0
Revolving Loans and Leases 0 0
Total gross loans and leases 38,148 41,752
National Lending | Lease financing | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 479
2021 600 4,765
2020 11,208 4,981
2019 5,302 831
2018 786 25
Prior 21 0
Revolving Loans and Leases 0 0
Total gross loans and leases 17,917 11,081
National Lending | Lease financing | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 6
2020 0 2,402
2019 2,089 38
2018 0 1
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 2,089 2,447
National Lending | Lease financing | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 7,479 92,376
2021 87,445 119,450
2020 105,678 37,958
2019 31,287 12,665
2018 10,890 3,398
Prior 2,536 203
Revolving Loans and Leases 0 0
Total gross loans and leases 245,315 266,050
National Lending | Insurance premium finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 169,134 428,131
2021 215,844 144
2020 46 9
2019 3 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 385,027 428,284
National Lending | Insurance premium finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 262
2021 183 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 183 267
National Lending | Insurance premium finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 58
2021 66 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 66 63
National Lending | Insurance premium finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 68
2021 78 107
2020 20 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 98 175
National Lending | Insurance premium finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 58
2021 95 20
2020 4 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 99 78
National Lending | Insurance premium finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 169,134 428,577
2021 216,266 281
2020 70 9
2019 3 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 385,473 428,867
National Lending | SBA/USDA | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 2,851 110,122
2021 77,090 37,006
2020 25,399 14,461
2019 13,028 12,760
2018 12,525 6,525
Prior 9,859 3,779
Revolving Loans and Leases 0 0
Total gross loans and leases 140,752 184,653
National Lending | SBA/USDA | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 20,431
2020 19,705 1,996
2019 1,963 1,670
2018 0 1,394
Prior 1,350 298
Revolving Loans and Leases 0 0
Total gross loans and leases 23,018 25,789
National Lending | SBA/USDA | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 8,333
2020 696 214
2019 1,147 3,348
2018 4,971 177
Prior 1,005 919
Revolving Loans and Leases 0 0
Total gross loans and leases 7,819 12,991
National Lending | SBA/USDA | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 3,812
2020 17,732 9,550
2019 9,502 8,079
2018 8,177 2,169
Prior 2,455 713
Revolving Loans and Leases 0 0
Total gross loans and leases 37,866 24,323
National Lending | SBA/USDA | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0  
2021 0  
2020 0  
2019 0  
2018 0  
Prior 66  
Revolving Loans and Leases 0  
Total gross loans and leases 66  
National Lending | SBA/USDA | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 2,851 110,122
2021 77,090 69,582
2020 63,532 26,221
2019 25,640 25,857
2018 25,673 10,265
Prior 14,735 5,709
Revolving Loans and Leases 0 0
Total gross loans and leases 209,521 247,756
National Lending | Other commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,130 56,957
2021 28,666 642
2020 764 5,786
2019 5,885 6,075
2018 2,428 3,345
Prior 67,777 60,965
Revolving Loans and Leases 0 0
Total gross loans and leases 125,650 133,770
National Lending | Other commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 20,000 17,404
2020 16,807 3,409
2019 3,322 451
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 40,129 21,264
National Lending | Other commercial finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0  
2021 0  
2020 0  
2019 0  
2018 447  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 447  
National Lending | Other commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 466
2021 10,255 0
2020 0 0
2019 0 273
2018 270 837
Prior 2,102 1,299
Revolving Loans and Leases 0 0
Total gross loans and leases 12,627 2,875
National Lending | Other commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,130 57,423
2021 58,921 18,046
2020 17,571 9,195
2019 9,207 6,799
2018 3,145 4,182
Prior 69,879 62,264
Revolving Loans and Leases 0 0
Total gross loans and leases 178,853 157,909
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 466,831 419,926
Total gross loans and leases 466,831 419,926
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 466,831 419,926
Total gross loans and leases $ 466,831 419,926
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
v3.22.0.1
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 3,684,261 $ 3,609,563
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,718,788 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 3,682,606 3,607,815
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 36,182 56,194
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,038,378 961,019
Accruing and Nonaccruing Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 337,236 300,225
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 402,972 363,670
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 245,315 266,050
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 385,473 428,867
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 209,521 247,756
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 178,853 157,908
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,797,748 2,725,495
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 173,343 129,251
Accruing and Nonaccruing Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 144,412 123,606
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 317,755 252,857
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 100,272 10,405
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 466,831 419,926
Accruing and Nonaccruing Loans and Leases | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 199,132
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 46,362 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 46,353 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 9 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 25,308 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 216 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 11,721 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 1,409 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 2,414 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 405 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 41,473 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 3,307 713
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 1,573 963
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,880 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 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 10,818 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 10,816 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 2 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 4,350 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 3,227 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 777 375
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 185 974
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 8,539 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 1,838 527
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 439 285
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,277 812
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 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 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 9,102 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 9,102 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 4,331 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 1,803 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 721 599
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 713 987
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 7,568 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 617 511
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 917 725
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,534 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 0
Accruing and Nonaccruing Loans and Leases | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 66,282 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 66,271 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 11 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 33,989 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 216 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 16,751 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 2,907 2,389
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,312 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 405 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 57,580 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 5,762 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 2,929 1,973
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 8,691 3,724
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 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 0
Accruing and Nonaccruing Loans and Leases | Current    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,652,506 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 3,616,335 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 36,171 56,194
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,004,389 940,985
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 337,020 300,225
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 402,972 363,670
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 228,564 249,404
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 382,566 426,478
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 206,209 245,729
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 178,448 157,908
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,740,168 2,684,399
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 167,581 127,500
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 141,483 121,633
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 309,064 249,133
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 100,272 2,443
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 466,831 419,926
Accruing and Nonaccruing Loans and Leases | Current | Community Banking    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 199,132
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,190 55,932
Nonaccrual Balance 37,760 34,245
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 43,190 55,932
Nonaccrual Balance 37,760 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 13,411 17,462
Nonaccrual Balance 12,732 14,904
Nonperforming Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,995 0
Nonaccrual Balance 5,995 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 15,335 1,268
Nonaccrual Balance 15,335 1,268
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,834 11,503
Nonaccrual Balance 3,051 3,158
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 721 599
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,360 987
Nonaccrual Balance 647 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 41,656 31,819
Nonaccrual Balance 37,760 19,330
Nonperforming Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 617 511
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 917 725
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,534 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 0 14,915
Nonaccrual Balance 0 14,915
Nonperforming Loans and Leases | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,430 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 5,430 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 679 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 1,783 8,345
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 721 599
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 713 987
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 3,896 12,489
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 617 511
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 917 725
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,534 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 $ 0
v3.22.0.1
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Financing Receivable, Nonaccrual [Line Items]    
Loans and leases $ 3,684,261 $ 3,609,563
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 852  
2020 3,771  
2019 10,503  
2018 1,157  
Prior 147  
Revolving Loans and Leases 21,330  
Loans and leases 37,760  
Nonaccrual with No ACL 3,351  
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 765  
2020 3,106  
2019 8,123  
2018 611  
Prior 127  
Revolving Loans and Leases 0  
Loans and leases 12,732  
Nonaccrual with No ACL 3,025  
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 5,995  
Loans and leases 5,995  
Nonaccrual with No ACL 0  
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 15,335  
Loans and leases 15,335  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 87  
2020 18  
2019 2,380  
2018 546  
Prior 20  
Revolving Loans and Leases 0  
Loans and leases 3,051  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 647  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 647  
Nonaccrual with No ACL 326  
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 852  
2020 3,771  
2019 10,503  
2018 1,157  
Prior 147  
Revolving Loans and Leases 21,330  
Loans and leases 37,760  
Nonaccrual with No ACL 3,351  
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2022 151  
2021 2,237  
2020 1,326  
2019 521  
2018 126  
Prior 1,069  
Revolving Loans and Leases 0  
Loans and leases 5,430  
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 84  
2020 595  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 679  
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 132  
2021 973  
2020 79  
2019 380  
2018 126  
Prior 93  
Revolving Loans and Leases 0  
Loans and leases 1,783  
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 19  
2021 702  
2020 0  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 721  
90 or More Days Delinquent and Accruing | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 647  
2019 0  
2018 0  
Prior 66  
Revolving Loans and Leases 0  
Loans and leases 713  
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 151  
2021 1,759  
2020 1,321  
2019 380  
2018 126  
Prior 159  
Revolving Loans and Leases 0  
Loans and leases 3,896  
90 or More Days Delinquent and Accruing | National Lending | Consumer credit products    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 471  
2020 5  
2019 141  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 617  
90 or More Days Delinquent and Accruing | National Lending | Other consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 7  
2020 0  
2019 0  
2018 0  
Prior 910  
Revolving Loans and Leases 0  
Loans and leases 917  
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 478  
2020 5  
2019 141  
2018 0  
Prior 910  
Revolving Loans and Leases 0  
Loans and leases $ 1,534  
v3.22.0.1
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - USD ($)
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
National Lending | Commercial finance    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs recorded investment $ 10,100,000  
TDRs subsequent default, recorded investment 2,300,000 $ 300,000
National Lending | Consumer finance    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs recorded investment 100,000 100,000
TDRs subsequent default, recorded investment $ 500,000 100,000
Community Banking    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs recorded investment   0
TDRs subsequent default, recorded investment   $ 0
v3.22.0.1
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Basic income per common share:    
Net income attributable to Meta Financial Group, Inc. $ 61,324 $ 28,037
Dividends and undistributed earnings allocated to participating securities (953) (554)
Basic net earnings available to common stockholders 60,371 27,483
Undistributed earnings allocated to nonvested restricted stockholders 929 521
Reallocation of undistributed earnings to nonvested restricted stockholders (929) (521)
Diluted net earnings available to common stockholders $ 60,371 $ 27,483
Total weighted average common shares outstanding (in shares) 30,238,621 32,782,285
Effect of dilutive securities    
Total effect of dilutive securities (in shares) 22,034 8,610
Weighted average dilutive common shares outstanding (in shares) 30,260,655 32,790,895
Net earnings per common share:    
Basic income per common share (in dollars per share) $ 2.00 $ 0.84
Diluted income per common share (in dollars per share) $ 2.00 $ 0.84
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 477,488 660,659
Performance share units    
Effect of dilutive securities    
Outstanding options - based upon the two-class method (in shares) 22,034 8,610
v3.22.0.1
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Property, Plant and Equipment [Line Items]    
Total $ 306,454 $ 279,364
Accumulated depreciation (73,301) (67,825)
Unamortized initial direct costs 1,540 1,577
Net book value 234,693 213,116
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 16,267 17,683
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 95,255 87,396
Office furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 47,400 48,828
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 147,532 $ 125,457
v3.22.0.1
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Dec. 31, 2021
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2022 $ 27,557
2023 31,660
2024 23,698
2025 17,366
2026 10,508
Thereafter 14,227
Total undiscounted future minimum lease payments receivable for operating leases $ 125,016
v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Total goodwill $ 309,505,000 $ 309,505,000
Goodwill, accumulated impairment 0  
Asset impairment charges $ 0 $ 0
v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 33,148 $ 41,692
Acquisitions during the period 1 5
Amortization during the period (1,488) (2,013)
Write-offs during the period   (24)
Ending Balance 31,661 39,660
Gross carrying amount 109,335 109,316
Accumulated amortization (67,208) (59,189)
Accumulated impairment (10,466) (10,467)
Total anticipated intangible amortization 31,661 39,660
Trademarks    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 9,823 10,901
Acquisitions during the period 0 0
Amortization during the period (263) (272)
Write-offs during the period   0
Ending Balance 9,560 10,629
Gross carrying amount 14,624 14,624
Accumulated amortization (5,064) (3,995)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 9,560 10,629
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 (39) (95)
Write-offs during the period   0
Ending Balance 1 327
Gross carrying amount 2,481 2,481
Accumulated amortization (2,480) (2,154)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 1 327
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 (1,054) (1,486)
Write-offs during the period   0
Ending Balance 16,814 22,847
Gross carrying amount 82,088 82,088
Accumulated amortization (55,026) (48,993)
Accumulated impairment (10,248) (10,248)
Total anticipated intangible amortization $ 16,814 22,847
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 5
Amortization during the period (132) (160)
Write-offs during the period   (24)
Ending Balance 5,286 5,857
Gross carrying amount 10,142 10,123
Accumulated amortization (4,638) (4,047)
Accumulated impairment (218) (219)
Total anticipated intangible amortization $ 5,286 $ 5,857
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  
v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2022 $ 4,933      
2023 5,102      
2024 4,384      
2025 3,826      
2026 3,252      
Thereafter 10,164      
Total anticipated intangible amortization $ 31,661 $ 33,148 $ 39,660 $ 41,692
v3.22.0.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Operating lease, right-of-use asset $ 32,700 $ 25,200
Operating lease, liability $ 34,525 $ 26,700
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
v3.22.0.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Remaining in 2022 $ 3,301  
2023 3,892  
2024 3,854  
2025 3,718  
2026 3,195  
Thereafter 21,732  
Total undiscounted future minimum lease payments 39,692  
Discount (5,167)  
Total operating lease liabilities $ 34,525 $ 26,700
v3.22.0.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
Weighted-average discount rate 2.33%  
Weighted-average remaining lease term (years) 10 years 10 months 24 days  
Lease expense $ 1,137 $ 954
Short-term and variable lease cost 35 63
ROU asset impairment 0 224
Sublease income (176) (108)
Total lease cost for operating leases $ 996 $ 1,133
v3.22.0.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Sep. 07, 2021
Nov. 20, 2019
Equity, Class of Treasury Stock [Line Items]        
Stock repurchased during the period (in shares) 61,172 79,101    
Stock repurchased during the period, value $ 3.4 $ 1.8    
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) 1,711,501 1,864,474    
Remaining number of shares authorized to be repurchased (in shares) 5,604,375      
v3.22.0.1
STOCK COMPENSATION (Details)
$ / shares in Units, $ in Millions
 3 Months Ended
Dec. 31, 2021
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 | $ $ 11.6
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 10 months 17 days
Restricted Shares  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 547,063
Granted (in shares) 136,883
Vested (in shares) (187,198)
Forfeited or expired (in shares) (8,430)
Nonvested shares outstanding, end of period (in shares) 488,318
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 57.90
Vested (in dollars per share) | $ / shares 34.38
Forfeited or expired (in dollars per share) | $ / shares 42.59
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 36.17
Performance share units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 60,894
Granted (in shares) 34,235
Vested (in shares) 0
Forfeited or expired (in shares) 0
Nonvested shares outstanding, end of period (in shares) 95,219
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 57.03
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 $ 42.30
v3.22.0.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Tax Disclosure [Abstract]    
Income tax expense (benefit) $ 14,276 $ 3,533
Effective tax rate 18.89% 10.77%
v3.22.0.1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Tax Disclosure [Abstract]    
Provision at statutory rate $ 15,876 $ 6,630
Tax-exempt income (172) (249)
State income taxes 3,087 1,488
Interim period effective rate adjustment 1,827 5,467
Tax credit investments, net - federal (5,670) (10,123)
Research tax credit 0 (323)
IRC 162(m) nondeductible compensation 263 334
Other, net (935) 309
Income tax expense $ 14,276 $ 3,533
Effective tax rate 18.89% 10.77%
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]    
Net interest income $ 71,613 $ 65,999
Net realized (gain) on securities available for sale, net 137 0
Gain on sale of trademarks 50,000 0
(Loss) gain on sale of other (3,465) 2,847
Other income 1,661 7,315
Noninterest income 86,591 45,455
Revenue 158,204 111,454
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 579 647
Tax advance product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 1,233 1,960
Payments card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 25,132 22,564
Other bank and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 237 237
Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 11,077 9,885
Consumer    
Disaggregation of Revenue [Line Items]    
Net interest income 26,271 22,347
Net realized (gain) on securities available for sale, net 0 0
Gain on sale of trademarks 0 0
(Loss) gain on sale of other 0 0
Other income 765 159
Noninterest income 27,709 25,335
Revenue 53,980 47,682
Consumer | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 579 647
Consumer | Tax advance product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 1,233 1,960
Consumer | Payments card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 25,132 22,564
Consumer | Other bank and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Consumer | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 5
Commercial    
Disaggregation of Revenue [Line Items]    
Net interest income 44,926 41,848
Net realized (gain) on securities available for sale, net 0 0
Gain on sale of trademarks 0 0
(Loss) gain on sale of other 4,864 2,591
Other income 2,785 2,461
Noninterest income 18,957 15,166
Revenue 63,883 57,014
Commercial | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial | Tax advance product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial | Payments card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial | Other bank and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 231 234
Commercial | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 11,077 9,880
Corporate Services/Other    
Disaggregation of Revenue [Line Items]    
Net interest income 416 1,804
Net realized (gain) on securities available for sale, net 137 0
Gain on sale of trademarks 50,000 0
(Loss) gain on sale of other (8,329) 256
Other income (1,889) 4,695
Noninterest income 39,925 4,954
Revenue 40,341 6,758
Corporate Services/Other | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Corporate Services/Other | Tax advance product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Corporate Services/Other | Payments card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Corporate Services/Other | Other bank and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 6 3
Corporate Services/Other | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income $ 0 $ 0
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($)
Dec. 31, 2021
Sep. 30, 2021
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Accounts receivable, before allowance for credit loss, current $ 0 $ 0
v3.22.0.1
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
USD ($)
segment
Dec. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 3    
Segment data [Abstract]      
Net interest income $ 71,613 $ 65,999  
Provision (Reversal) 186 6,089  
Noninterest income 86,591 45,455  
Noninterest expense 82,436 72,575  
Income before income tax expense 75,582 32,790  
Total assets 7,609,658 7,264,515 $ 6,690,650
Total goodwill 309,505 309,505  
Total deposits 6,525,569 6,207,791  
Consumer      
Segment data [Abstract]      
Net interest income 26,271 22,347  
Provision (Reversal) 1,262 2,366  
Noninterest income 27,709 25,335  
Noninterest expense 19,661 18,162  
Income before income tax expense 33,057 27,154  
Total assets 550,336 430,067  
Total goodwill 87,145 87,145  
Total deposits 6,325,193 5,884,638  
Commercial      
Segment data [Abstract]      
Net interest income 44,926 41,848  
Provision (Reversal) 11,591 6,467  
Noninterest income 18,957 15,166  
Noninterest expense 33,046 27,168  
Income before income tax expense 19,246 23,379  
Total assets 3,260,619 2,917,142  
Total goodwill 222,360 222,360  
Total deposits 6,840 13,230  
Corporate Services/Other      
Segment data [Abstract]      
Net interest income 416 1,804  
Provision (Reversal) (12,667) (2,744)  
Noninterest income 39,925 4,954  
Noninterest expense 29,729 27,245  
Income before income tax expense 23,279 (17,743)  
Total assets 3,798,703 3,917,306  
Total goodwill 0 0  
Total deposits $ 193,536 $ 309,923  
v3.22.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 9,854 12,668
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,782,739 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 25,000 25,000
SBA securities 150,839 157,209
Obligations of states and political subdivisions 2,799 2,507
Non-bank qualified obligations of states and political subdivisions 250,872 268,295
Asset-backed securities 378,849 394,859
Mortgage-backed securities 974,380 1,017,029
Total debt securities AFS 1,782,739 1,864,899
Common equities and mutual funds 9,854 12,668
Non-marketable equity securities 5,618 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 9,854 12,668
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 25,000 25,000
SBA securities 150,839 157,209
Obligations of states and political subdivisions 2,799 2,507
Non-bank qualified obligations of states and political subdivisions 250,872 268,295
Asset-backed securities 378,849 394,859
Mortgage-backed securities 974,380 1,017,029
Total debt securities AFS 1,782,739 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
v3.22.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net $ 298 $ 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) 35.00%  
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 0.35  
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 3,624,832 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 $ 13,095 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) 35.00%  
Foreclosed assets, net | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 298 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 $ 13,393 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 13,393 14,852
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 13,095 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 13,095 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 13,095 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 13,095 12,775
Nonrecurring | Foreclosed assets, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 298 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 $ 298 $ 2,077
v3.22.0.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Financial assets      
Fair Value $ 50,364 $ 56,391 $ 56,391
Level 1      
Financial assets      
Cash and cash equivalents 1,230,100 314,019  
Debt securities available for sale 0 0  
Fair Value 0 0  
Common equities and mutual funds 9,854 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 17,240 16,254  
Financial liabilities      
Deposits 6,494,700 5,482,471  
Other short- and long-term borrowings 0 0  
Accrued interest payable 661 579  
Level 2      
Financial assets      
Cash and cash equivalents 0 0  
Debt securities available for sale 1,782,739 1,864,899  
Fair Value 50,364 56,391  
Common equities and mutual funds 0 0  
Non-marketable equity securities 12,949 12,949  
Loans held for sale 36,182 56,194  
Loans and leases 0 0  
Federal Reserve Bank and Federal Home Loan Bank stocks 28,400 28,400  
Accrued interest receivable 0 0  
Financial liabilities      
Deposits 30,879 32,564  
Other short- and long-term borrowings 93,309 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 3,624,832 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 1,230,100 314,019  
Debt securities available for sale 1,782,739 1,864,899  
Fair Value 50,994 56,669  
Common equities and mutual funds 9,854 12,668  
Non-marketable equity securities 18,567 17,509  
Loans held for sale 36,182 56,194  
Loans and leases 3,682,606 3,607,815  
Federal Reserve Bank and Federal Home Loan Bank stocks 28,400 28,400  
Accrued interest receivable 17,240 16,254  
Financial liabilities      
Deposits 6,525,569 5,514,971  
Other short- and long-term borrowings 92,274 92,834  
Accrued interest payable 661 579  
Estimated Fair Value      
Financial assets      
Cash and cash equivalents 1,230,100 314,019  
Debt securities available for sale 1,782,739 1,864,899  
Fair Value 50,364 56,391  
Common equities and mutual funds 9,854 12,668  
Non-marketable equity securities 18,567 17,509  
Loans held for sale 36,182 56,194  
Loans and leases 3,624,832 3,616,646  
Federal Reserve Bank and Federal Home Loan Bank stocks 28,400 28,400  
Accrued interest receivable 17,240 16,254  
Financial liabilities      
Deposits 6,525,579 5,515,035  
Other short- and long-term borrowings 93,309 93,938  
Accrued interest payable $ 661 $ 579