META FINANCIAL GROUP INC, 10-Q filed on 5/9/2022
Quarterly Report
v3.22.1
Cover Page - shares
 6 Months Ended
Mar. 31, 2022
May 03, 2022
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2022  
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, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   29,364,982
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.22.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
ASSETS    
Cash and cash equivalents $ 237,680 $ 314,019
Securities available for sale, at fair value 2,043,478 1,864,899
Securities held to maturity, at amortized cost (fair value $45,436 and $56,391, respectively) 47,287 56,669
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 28,812 28,400
Loans held for sale 31,410 56,194
Loans and leases 3,730,190 3,609,563
Allowance for credit losses (88,552) (68,281)
Accrued interest receivable 19,115 16,254
Premises, furniture, and equipment, net 43,167 44,888
Rental equipment, net 213,033 213,116
Foreclosed real estate and repossessed assets, net 112 2,077
Goodwill and intangible assets 338,795 342,653
Prepaid assets 15,264 10,513
Other assets 227,448 199,686
Total assets 6,887,239 6,690,650
LIABILITIES    
Deposits 5,829,886 5,514,971
Long-term borrowings 91,386 92,834
Accrued expenses and other liabilities 202,561 210,961
Total liabilities 6,123,833 5,818,766
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued and no shares outstanding at March 31, 2022 and September 30, 2021, respectively 0 0
Additional paid-in capital 612,917 604,484
Retained earnings 223,760 259,189
Accumulated other comprehensive income (loss) (69,374) 7,599
Treasury stock, at cost, 81,067 and 16,531 common shares at March 31, 2022 and September 30, 2021, respectively (4,513) (860)
Total equity attributable to parent 763,084 870,729
Noncontrolling interest 322 1,155
Total stockholders’ equity 763,406 871,884
Total liabilities and stockholders’ equity 6,887,239 6,690,650
Common stock, $0.01 par value; 90,000,000 shares authorized, 29,443,911 and 31,686,483 shares issued, 29,362,844 and 31,669,952 shares outstanding at March 31, 2022 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 294 317
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2022 and September 30, 2021, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.22.1
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 45,436 $ 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) 81,067 16,531
Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 29,443,911 31,686,483
Common stock, shares outstanding (in shares) 29,362,844 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
v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:        
Loans and leases, including fees $ 75,540 $ 68,472 $ 140,575 $ 130,128
Mortgage-backed securities 5,446 2,608 9,310 4,730
Other investments 4,191 4,589 8,183 8,956
Total interest and dividend income 85,177 75,669 158,068 143,814
Interest expense:        
Deposits 165 445 306 1,241
FHLB advances and other borrowings 1,212 1,374 2,349 2,724
Total interest expense 1,377 1,819 2,655 3,965
Net interest income 83,800 73,850 155,413 139,849
Provision for credit losses 32,302 30,290 32,488 36,379
Net interest income after provision for credit losses 51,498 43,560 122,925 103,470
Noninterest income:        
Net realized (gain) on securities available for sale, net 260 6 397 6
Gain on sale of trademarks 0 0 50,000 0
Gain (loss) on sale of other 626 2,133 (2,839) 4,981
Other income 3,881 4,218 5,542 11,532
Total noninterest income 109,766 113,453 196,357 158,908
Noninterest expense:        
Compensation and benefits 45,047 43,932 83,272 76,263
Refund transfer product expense 6,260 6,146 6,398 6,207
Tax advance product expense 2,002 2,189 2,185 2,559
Card processing 7,457 7,212 14,629 13,329
Occupancy and equipment expense 8,500 6,748 16,849 13,636
Operating lease equipment depreciation 8,737 7,419 17,185 15,000
Legal and consulting 9,347 6,045 15,555 11,292
Intangible amortization 2,169 2,757 3,657 4,770
Impairment expense 0 554 0 1,713
Other expense 13,641 12,969 25,866 23,777
Total noninterest expense 103,160 95,971 185,596 168,546
Income before income tax expense 58,104 61,042 133,686 93,832
Income tax expense 8,002 1,133 22,278 4,665
Net income before noncontrolling interest 50,102 59,909 111,408 89,167
Net income attributable to noncontrolling interest 851 843 833 2,064
Net income attributable to parent $ 49,251 $ 59,066 $ 110,575 $ 87,103
Earnings per common share:        
Basic (in dollars per share) $ 1.66 $ 1.84 $ 3.66 $ 2.66
Diluted (in dollars per share) $ 1.66 $ 1.84 $ 3.66 $ 2.65
Refund transfer product fees        
Noninterest income:        
Noninterest income $ 27,805 $ 22,680 $ 28,384 $ 23,327
Tax advance product fees        
Noninterest income:        
Noninterest income 39,299 44,562 40,532 46,522
Payments card and deposit fees        
Noninterest income:        
Noninterest income 26,270 29,875 51,402 52,439
Other bank and deposit fees        
Noninterest income:        
Noninterest income 250 133 487 370
Rental income        
Noninterest income:        
Noninterest income $ 11,375 $ 9,846 $ 22,452 $ 19,731
v3.22.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 50,102 $ 59,909 $ 111,408 $ 89,167
Other comprehensive income (loss):        
Change in net unrealized gain (loss) on debt securities (93,632) (9,923) (102,774) (7,077)
Net (gain) realized on investment securities (260) (6) (397) (6)
Total (93,892) (9,929) (103,171) (7,083)
Unrealized gain on currency translation 143 126 209 571
Deferred income tax effect (23,651) (2,493) (25,989) (1,779)
Total other comprehensive (loss) (70,098) (7,310) (76,973) (4,733)
Total comprehensive income (loss) (19,996) 52,599 34,435 84,434
Total comprehensive income attributable to noncontrolling interest 851 843 833 2,064
Comprehensive income (loss) attributable to parent $ (20,847) $ 51,756 $ 33,602 $ 82,370
v3.22.1
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 (3,209)   (3,209)       (3,209)          
Issuance of common stock due to ESOP 3,036   3,036   2 3,034            
Repurchases of common stock (86,977)   (86,977)   (27) 27 (84,999)     (1,978)    
Stock compensation 3,592   3,592     3,592            
Total other comprehensive (loss) (4,733)   (4,733)           (4,733)      
Net income 89,167   87,103       87,103       2,064  
Net investment by (distribution to) noncontrolling interests (2,123)                   (2,123)  
Ending Balance at Mar. 31, 2021 835,258   834,166   319 601,222 225,471   12,809 (5,655) 1,092  
Beginning Balance at Dec. 31, 2020 813,210   811,674   326 598,669 198,000   20,119 (5,440) 1,536  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,595)   (1,595)       (1,595)          
Repurchases of common stock (30,215)   (30,215)   (7) 7 (30,000)     (215)    
Stock compensation 2,546   2,546     2,546            
Total other comprehensive (loss) (7,310)   (7,310)           (7,310)      
Net income 59,909   59,066       59,066       843  
Net investment by (distribution to) noncontrolling interests (1,287)                   (1,287)  
Ending Balance at Mar. 31, 2021 835,258   834,166   319 601,222 225,471   12,809 (5,655) 1,092  
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 (3,004)   (3,004)       (3,004)          
Issuance of common stock due to ESOP 2,886   2,886   1 2,885            
Repurchases of common stock (146,653)   (146,653)   (24) 24 (143,000)     (3,653)    
Stock compensation 5,524   5,524     5,524            
Total other comprehensive (loss) (76,973)   (76,973)           (76,973)      
Net income 111,408   110,575       110,575       833  
Net investment by (distribution to) noncontrolling interests (1,666)                   (1,666)  
Ending Balance at Mar. 31, 2022 763,406   763,084   294 612,917 223,760   (69,374) (4,513) 322  
Beginning Balance at Dec. 31, 2021 826,156   825,514   301 610,816 217,991   724 (4,318) 642  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,482)   (1,482)       (1,482)          
Repurchases of common stock (42,195)   (42,195)   (7) 7 (42,000)     (195)    
Stock compensation 2,094   2,094     2,094            
Total other comprehensive (loss) (70,098)   (70,098)           (70,098)      
Net income 50,102   49,251       49,251       851  
Net investment by (distribution to) noncontrolling interests (1,171)                   (1,171)  
Ending Balance at Mar. 31, 2022 $ 763,406   $ 763,084   $ 294 $ 612,917 $ 223,760   $ (69,374) $ (4,513) $ 322  
v3.22.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]        
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Accounting Standards Update [Extensible List]       Accounting Standards Update 2016-13 [Member]
v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income before noncontrolling interest $ 111,408 $ 89,167
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 30,753 28,414
Provision for credit losses 32,488 36,379
Provision (reversal of) for deferred taxes 14,091 (5,933)
Originations of loans held for sale (555,397) (361,722)
Proceeds from sales of loans held for sale 723,942 575,931
Net change in loans held for sale 8,834 5,500
Fair value adjustment of foreclosed real estate 250 466
Net realized (gain) on securities available for sale, net 0 (6)
Net realized (gain) on securities held to maturity, net (397) 0
Net realized (gain) loss on loans held for sale 4,065 (4,610)
Net realized loss on premise, furniture, and equipment 43 0
Net realized (gain) on lease receivables and equipment (1,063) (360)
Net realized (gain) on foreclosed real estate and repossessed assets 0 (4)
Net realized (gain) on trademarks (50,000) 0
Change in bank-owned life insurance value (1,212) (1,227)
Net change in accrued interest receivable (2,862) (801)
Net change in other assets (20,718) (28,635)
Net change in accrued expenses and other liabilities (8,400) 49,774
Stock compensation 5,524 3,592
Net cash provided by operating activities 291,349 385,925
Cash flows from investing activities:    
Purchases of securities available for sale (470,067) (411,458)
Proceeds from sales of securities available for sale 0 50,468
Proceeds from maturities of and principal collected on securities available for sale 184,107 137,635
Proceeds from sales of securities held to maturity 460 0
Proceeds from maturities of and principal collected on securities held to maturity 8,937 19,536
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (103,573) (1,295)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 103,160 0
Purchases of loans and leases (88,913) (99,083)
Proceeds from sales of loans and leases 45,784 12,005
Net change in loans and leases (69,966) (353,781)
Purchases of premises, furniture, and equipment (3,718) (4,254)
Proceeds from sales of premises, furniture, and equipment 35 0
Purchases of rental equipment (196,043) (26,212)
Proceeds from sales of rental equipment 6,811 7,830
Net change in rental equipment (1,567) 0
Proceeds from sales of foreclosed real estate and repossessed assets 1,715 8,021
Proceeds from sale of trademarks 50,000 0
Net cash (used in) investing activities (532,838) (660,588)
Cash flows from financing activities:    
Net change in deposits 314,915 3,663,213
Principal payments on capital lease obligations (74) (16)
Principal payments on other liabilities (1,463) (2,957)
Dividends paid on common stock (3,004) (3,209)
Issuance of common stock due to ESOP 2,886 3,036
Repurchases of common stock (146,653) (86,977)
Distributions to noncontrolling interest (1,666) (2,123)
Net cash provided by financing activities 164,941 3,570,967
Effect of exchange rate changes on cash 209 571
Net change in cash and cash equivalents (76,339) 3,296,875
Cash and cash equivalents at beginning of fiscal year 314,019 427,367
Cash and cash equivalents at end of fiscal period 237,680 3,724,242
Supplemental disclosure of cash flow information:    
Interest 2,663 3,063
Income taxes 9,381 3,176
Franchise taxes 100 100
Other taxes 432 591
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 14,731 0
Loans and leases to held for sale 169,045 99,922
Loans and leases to rental equipment 2,634 2,378
Loans and leases to foreclosed real estate and repossessed assets 0 9
Rental equipment to loan and leases 177,193 62
Recognition of operating lease ROU assets, net of measurements $ 0 $ 12,681
v3.22.1
BASIS OF PRESENTATION
 6 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended September 30, 2021 included in 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 and six months ended March 31, 2022 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2022.
Certain prior year amounts have been reclassified to conform to the current year financial statement presentation. These changes and reclassifications did not impact previously reported net income or comprehensive income.
v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 6 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES (ASU) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2021 remain substantially unchanged. The following ASUs became effective for the Company on October 1, 2021, none of which had a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.
–ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs.
–ASU 2020-10, Codification Improvements.
v3.22.1
SIGNIFICANT EVENTS
 6 Months Ended
Mar. 31, 2022
Unusual or Infrequent Items, or Both [Abstract]  
SIGNIFICANT EVENTS SIGNIFICANT EVENTS
Rebranding

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

The Company received $50.0 million upon execution and delivery of the Agreement, at which time the Meta tradenames were assigned to the Assignee. The Company has recognized the $50.0 million as noninterest income during the period ended December 31, 2021. The remaining $10.0 million was paid by the Assignee and is being held in an escrow account by a third-party agent until the agreed upon activities within the Phase Out Period have been completed, at which time the funds will be released to the Company. The Company’s receipt of the $10.0 million payment is contingent upon phase out activities that have not yet been completed and has not been recognized in the Company’s consolidated financial statements for the fiscal quarter ended March 31, 2022.
On March 29, 2022, the Company announced it is changing its name to Pathward Financial, Inc.™ ("Pathward"), and its bank subsidiary MetaBank®, N.A. is changing to Pathward™, N.A. Certain changes will be made immediately, with a full transition to Pathward expected by the end of this calendar year, including the launch of a new brand identity and website. The Company will continue to serve its customers under existing brand names during the transition.

The Company recognized $2.8 million of noninterest expense related to rebranding efforts during the second quarter of fiscal 2022.
v3.22.1
SECURITIES
 6 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
Debt Securities AFS
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2022
Corporate securities$25,000 $— $(1,750)$23,250 
SBA securities137,330 1,429 (1,359)137,400 
Obligations of states and political subdivisions2,777 1 (72)2,706 
Non-bank qualified obligations of states and political subdivisions249,576 153 (9,306)240,423 
Asset-backed securities361,408 1,636 (9,463)353,581 
Mortgage-backed securities1,360,741 232 (74,855)1,286,118 
Total debt securities AFS$2,136,832 $3,451 $(96,805)$2,043,478 
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 March 31, 2022
Non-bank qualified obligations of states and political subdivisions$44,369 $— $(1,768)$42,601 
Mortgage-backed securities2,918 — (83)2,835 
Total debt securities HTM$47,287 $— $(1,851)$45,436 
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 March 31, 2022
Corporate securities$23,250 $(1,750)$— $— $23,250 $(1,750)
SBA securities50,022 (1,359)— — 50,022 (1,359)
Obligations of state and political subdivisions2,158 (72)— — 2,158 (72)
Non-bank qualified obligations of states and political subdivisions214,073 (9,180)1,314 (126)215,387 (9,306)
Asset-backed securities154,196 (4,375)111,397 (5,088)265,593 (9,463)
Mortgage-backed securities1,014,462 (58,435)206,040 (16,420)1,220,502 (74,855)
Total debt securities AFS$1,458,161 $(75,171)$318,751 $(21,634)$1,776,912 $(96,805)
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 March 31, 2022
Non-bank qualified obligations of states and political subdivisions$42,602 $(1,768)$— $— $42,602 $(1,768)
Mortgage-backed securities2,835 (83)— — 2,835 (83)
Total debt securities HTM$45,437 $(1,851)$— $— $45,437 $(1,851)
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 March 31, 2022, 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 March 31, 2022, there was no ACL for debt securities AFS.

The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("MBS") because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.
(Dollars in thousands)At March 31, 2022At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$240 $241 $810 $822 
Due after one year through five years11,029 10,855 13,026 13,378 
Due after five years through ten years74,314 71,056 50,785 52,357 
Due after ten years690,508 675,208 773,985 781,313 
776,091 757,360 838,606 847,870 
Mortgage-backed securities1,360,741 1,286,118 1,016,478 1,017,029 
Total securities AFS, at fair value$2,136,832 $2,043,478 $1,855,084 $1,864,899 

At March 31, 2022At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$44,369 $42,601 $52,944 $52,576 
44,369 42,601 52,944 52,576 
Mortgage-backed securities2,918 2,835 3,725 3,815 
Total securities HTM, at cost$47,287 $45,436 $56,669 $56,391 

Equity Securities
The Company held $3.9 million at March 31, 2022 and $12.7 million at September 30, 2021 in marketable equity securities. The Company recognized $3.8 million and none in unrealized loss on marketable equity securities during the six months ended March 31, 2022 and 2021, respectively, which is attributable to an investee becoming publicly traded during fiscal year 2021. All other marketable equity securities and related activity were insignificant for the six months ended March 31, 2022 and 2021. There was one marketable security sold during the six months ended March 31, 2022 for a $0.3 million gain.

Non-marketable equity securities with a readily determinable fair value totaled $6.2 million at March 31, 2022 and $4.6 million at September 30, 2021. The Company recognized $0.3 million in unrealized gains and $0.2 million in unrealized gains during the six months ended March 31, 2022 and 2021, respectively. No such securities were sold during the six months ended March 31, 2022.

Non-marketable equity securities without readily determinable fair value totaled $20.9 million at March 31, 2022 and $16.0 million at September 30, 2021. There was one security sold during the six months ended March 31, 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 March 31, 2022 and September 30, 2021. These equity securities are 'restricted' in that they can only be owned by member banks.

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

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

The FHLB stock is carried at cost since it is generally redeemable at par value. The carrying value of the stock held at the FHLB was $9.1 million at March 31, 2022 and $8.7 million at September 30, 2021.
These equity securities are ‘restricted’ in that they can only be sold back to the respective institution from which they were acquired or another member institution at par. Therefore, FRB and FHLB stocks are less liquid than other marketable equity securities, and the fair value approximates cost.

Equity Security Impairment
The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value. All other equity investments, including those under the equity method, are reviewed for other-than-temporary impairment on at least a quarterly basis. The Company recognized no impairment for such investments for the six months ended March 31, 2022.
v3.22.1
LOANS AND LEASES, NET
 6 Months Ended
Mar. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Term lending$1,111,076 $961,019 
Asset based lending382,355 300,225 
Factoring394,865 363,670 
Lease financing235,397 266,050 
Insurance premium finance403,681 428,867 
SBA/USDA214,195 247,756 
Other commercial finance173,260 157,908 
Commercial finance2,914,829 2,725,495 
Consumer credit products171,847 129,251 
Other consumer finance111,922 123,606 
Consumer finance283,769 252,857 
Tax services85,999 10,405 
Warehouse finance441,496 419,926 
Community banking— 199,132 
Total loans and leases3,726,093 3,607,815 
Net deferred loan origination costs4,097 1,748 
Total gross loans and leases3,730,190 3,609,563 
Allowance for credit losses(88,552)(68,281)
Total loans and leases, net$3,641,638 $3,541,282 

During the six months ended March 31, 2022, the Company transferred $169.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2021, the Company transferred $99.9 million of Community Banking loans to held for sale.

During the six months ended March 31, 2022 and 2021, the Company originated $555.4 million and $361.7 million of consumer finance and SBA/USDA as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $723.9 million and loss on sale of $4.1 million during the six months ended March 31, 2022. The Company sold held for sale loans resulting in proceeds of $476.0 million and gains on sale of $4.6 million during the six months ended March 31, 2021.

In connection with the Company's sale of the Bank's Community Bank division to Central Bank, the Company entered into a servicing agreement with Central Bank for the retained Community Bank loan portfolio that became effective on February 29, 2020 (the "Closing Date"). The Company recognized $0.2 million and $1.6 million in servicing fee expense during the six months ended March 31, 2022 and 2021, respectively, and $3.3 million for the fiscal year ended September 30, 2021.
Since the Closing Date, the Company has entered into subsequent loan portfolio sale agreements with Central Bank and other third parties. The Company sold additional loans from the retained Community Bank portfolio in the amount of $192.5 million and $233.0 million in the six months ended March 31, 2022 and 2021, respectively, and $308.1 million for the fiscal year ended September 30, 2021. All loans from the retained Community Bank portfolio have been sold as of December 31, 2021.

Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Loans Purchased
Loans held for investment:
Commercial finance$1,378 $— $3,098 $— 
Warehouse finance29,822 33,605 85,815 96,236 
Community banking— 548 — 2,847 
Total purchases$31,200 $34,153 $88,913 $99,083 
Loans Sold
Loans held for sale:
Commercial finance$14,090 $4,591 $47,113 $34,915 
Consumer finance147,163 19,791 523,607 311,331 
Community banking— — 153,222 129,788 
Loans held for investment:
Commercial finance15,549 — 15,549 — 
Community banking— — 30,235 — 
Total sales$176,802 $24,382 $769,726 $476,034 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Carrying amount$244,030 $278,341 
Unguaranteed residual assets13,009 14,393 
Unamortized initial direct costs406 490 
Unearned income(21,642)(26,684)
Total net investment in direct financing and sales-type leases$235,803 $266,540 

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$52,751 
202390,718 
202459,489 
202528,337 
20269,087 
Thereafter3,648 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases244,030 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$244,030 

The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2022.
The COVID-19 pandemic began impacting the U.S. and global economies in the first calendar quarter of 2020, with significant deterioration of macroeconomic conditions and markets into 2021. Although macroeconomic conditions and markets have improved since the beginning of 2021, 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 March 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$26,722 $1,954 $(1,822)$714 $27,568 
Asset based lending2,758 (175)— — 2,583 
Factoring15,242 823 (9,590)51 6,526 
Lease financing6,857 (395)(95)104 6,471 
Insurance premium finance1,044 59 (106)60 1,057 
SBA/USDA2,996 (53)— — 2,943 
Other commercial finance1,349 (152)— — 1,197 
Commercial finance56,968 2,061 (11,613)929 48,345 
Consumer credit products1,627 (6)— — 1,621 
Other consumer finance6,960 1,157 (802)73 7,388 
Consumer finance8,587 1,151 (802)73 9,009 
Tax services1,601 28,972 — 184 30,757 
Warehouse finance467 (26)— — 441 
Community banking— (2)— 2 — 
Total loans and leases67,623 32,156 (12,415)1,188 88,552 
Unfunded commitments(1)
405 146 — — 551 
Total $68,028 $32,302 $(12,415)$1,188 $89,103 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended March 31, 2021
(Dollars in thousands)Beginning Balance
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,220 $1,396 $(2,477)$176 $27,315 
Asset based lending1,809 539 (599)— 1,749 
Factoring3,719 (545)— 36 3,210 
Lease financing6,784 420 (471)130 6,863 
Insurance premium finance1,285 103 (149)87 1,326 
SBA/USDA3,164 136 — — 3,300 
Other commercial finance479 62 — — 541 
Commercial finance45,460 2,111 (3,696)429 44,304 
Consumer credit products835 155 — — 990 
Other consumer finance10,176 266 (419)70 10,093 
Consumer finance11,011 421 (419)70 11,083 
Tax services1,412 27,680 — 54 29,146 
Warehouse finance319 13 — — 332 
Community banking14,187 (26)(134)— 14,027 
Total loans and leases72,389 30,199 (4,249)553 98,892 
Unfunded commitments(1)
688 91 — — 779 
Total $73,077 $30,290 $(4,249)$553 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.


Six Months Ended March 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $1,095 $(3,906)$1,028 $27,568 
Asset based lending1,726 736 (16)137 2,583 
Factoring3,997 13,324 (10,864)69 6,526 
Lease financing7,629 (1,217)(112)171 6,471 
Insurance premium finance1,394 (211)(283)157 1,057 
SBA/USDA2,978 180 (217)2 2,943 
Other commercial finance1,168 29 — — 1,197 
Commercial finance48,243 13,936 (15,398)1,564 48,345 
Consumer credit products1,242 379 — — 1,621 
Other consumer finance6,112 2,718 (1,622)180 7,388 
Consumer finance7,354 3,097 (1,622)180 9,009 
Tax services2 28,259 (254)2,750 30,757 
Warehouse finance420 21 — — 441 
Community banking12,262 (12,686)— 424 — 
Total loans and leases68,281 32,627 (17,274)4,918 88,552 
Unfunded commitments(1)
690 (139)— — 551 
Total $68,971 $32,488 $(17,274)$4,918 $89,103 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
Six Months Ended March 31, 2021
(Dollars in thousands)Beginning BalanceImpact of CECL Adoption
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $7,422 $(5,789)$472 $27,315 
Asset based lending1,406 164 1,378 (1,199)— 1,749 
Factoring3,027 987 (1,961)(1)1,158 3,210 
Lease financing7,023 (556)1,532 (1,347)211 6,863 
Insurance premium finance2,129 (965)591 (805)376 1,326 
SBA/USDA940 2,720 (361)— 1 3,300 
Other commercial finance182 364 (5)— — 541 
Commercial finance29,918 12,713 8,596 (9,141)2,218 44,304 
Consumer credit products845 — 145 — — 990 
Other consumer finance2,821 5,998 1,748 (637)163 10,093 
Consumer finance3,666 5,998 1,893 (637)163 11,083 
Tax services2 — 28,134 — 1,010 29,146 
Warehouse finance294 (1)39 — — 332 
Community banking22,308 (5,937)(2,199)(145)— 14,027 
Total loans and leases56,188 12,773 36,463 (9,923)3,391 98,892 
Unfunded commitments(1)
32 831 (84)— — 779 
Total $56,220 $13,604 $36,379 $(9,923)$3,391 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.

Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At March 31, 2022At September 30, 2021
Term lending$60,400 $20,965 
Asset based lending5,992 — 
Factoring26,625 1,268 
Lease financing12,289 3,882 
SBA/USDA1,282 — 
Commercial finance(1)
106,588 26,115 
Community banking— 14,915 
Total$106,588 $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 March 31, 2022, $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 $283.8 million and $86.0 million at March 31, 2022, respectively, and $252.9 million and $10.4 million at September 30, 2021, respectively. The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At March 31, 202220222021202020192018Prior
Term lending
Pass$258,394 $285,900 $158,324 $55,586 $37,818 $7,731 $— $803,753 
Watch27,001 94,061 55,194 23,806 2,776 2,511 — 205,349 
Special Mention1,603 9,254 16,083 3,761 607 2,954 — 34,262 
Substandard6,423 15,352 23,760 14,961 2,181 3,201 — 65,878 
Doubtful198 346 545 676 69 — — 1,834 
Total293,619 404,913 253,906 98,790 43,451 16,397 — 1,111,076 
Asset based lending
Pass— — — — — — 234,134 234,134 
Watch— — — — — — 83,379 83,379 
Special Mention— — — — — — 49,695 49,695 
Substandard— — — — — — 15,147 15,147 
Total— — — — — — 382,355 382,355 
Factoring
Pass— — — — — — 298,546 298,546 
Watch— — — — — — 46,702 46,702 
Special Mention— — — — — — 25,300 25,300 
Substandard— — — — — — 24,289 24,289 
Doubtful— — — — — — 28 28 
Total— — — — — — 394,865 394,865 
Lease financing
Pass22,840 52,747 57,885 9,223 4,703 222 — 147,620 
Watch1,021 10,724 13,759 7,221 2,418 43 — 35,186 
Special Mention730 15,835 7,658 411 310 238 — 25,182 
Substandard15 5,561 11,160 7,700 1,210 22 — 25,668 
Doubtful— 140 406 1,195 — — — 1,741 
Total24,606 85,007 90,868 25,750 8,641 525 — 235,397 
Insurance premium finance
Pass337,078 65,850 24 2 — — — 402,954 
Watch110 133 — — — — — 243 
Special Mention4 268 — — — — — 272 
Substandard— 148 — — — — — 148 
Doubtful— 64 — — — — — 64 
Total337,192 66,463 24 2 — — — 403,681 
SBA/USDA
Pass29,689 72,935 21,521 11,737 12,299 8,786 — 156,967 
Watch904 — 19,595 2,845 968 1,344 — 25,656 
Special Mention— — 1,618 213 3,970 985 — 6,786 
Substandard— — 6,109 7,554 7,975 2,811 — 24,449 
Doubtful— 22 315 — — — — 337 
Total30,593 72,957 49,158 22,349 25,212 13,926 — 214,195 
Other commercial finance
Pass20,122 28,761 799 9,017 2,134 66,399 — 127,232 
Watch— 20,000 13,282 — 443 — — 33,725 
Substandard166 9,827 — — 267 2,043 — 12,303 
Total20,288 58,588 14,081 9,017 2,844 68,442 — 173,260 
Warehouse finance
Pass— — — — — — 441,496 441,496 
Total— — — — — — 441,496 441,496 
Total loans and leases
Pass668,123 506,193 238,553 85,565 56,954 83,138 974,176 2,612,702 
Watch29,036 124,918 101,830 33,872 6,605 3,898 130,081 430,240 
Special Mention2,337 25,357 25,359 4,385 4,887 4,177 74,995 141,497 
Substandard6,604 30,888 41,029 30,215 11,633 8,077 39,436 167,882 
Doubtful198 572 1,266 1,871 69 — 28 4,004 
Total$706,298 $687,928 $408,037 $155,908 $80,148 $99,290 $1,218,716 $3,356,325 

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

Past due loans and leases were as follows:
At March 31, 2022
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $31,410 $31,410 $— $— $— 
Term lending17,081 1,495 5,243 23,819 1,087,257 1,111,076 1,400 10,283 11,683 
Asset based lending7 — — 7 382,348 382,355 — 5,996 5,996 
Factoring— — — — 394,865 394,865 — 3,961 3,961 
Lease financing4,932 — 4,199 9,131 226,266 235,397 3,346 3,064 6,410 
Insurance premium finance1,149 768 955 2,872 400,809 403,681 955 — 955 
SBA/USDA1,462 311 1,597 3,370 210,825 214,195 — 2,023 2,023 
Other commercial finance— — — — 173,260 173,260 — — — 
Commercial finance24,631 2,574 11,994 39,199 2,875,630 2,914,829 5,701 25,327 31,028 
Consumer credit products4,092 3,489 3,050 10,631 161,216 171,847 3,050 — 3,050 
Other consumer finance1,737 1,986 1,764 5,487 106,435 111,922 1,764 — 1,764 
Consumer finance5,829 5,475 4,814 16,118 267,651 283,769 4,814 — 4,814 
Tax services830 — — 830 85,169 85,999 — — — 
Warehouse finance— — — — 441,496 441,496 — — — 
Community banking— — — — — — — — — 
Total loans and leases held for investment31,290 8,049 16,808 56,147 3,669,946 3,726,093 10,515 25,327 35,842 
Total loans and leases$31,290 $8,049 $16,808 $56,147 $3,701,356 $3,757,503 $10,515 $25,327 $35,842 
At September 30, 2021
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $56,194 $56,194 $— $— $— 
Term lending11,879 2,703 5,452 20,034 940,985 961,019 2,558 14,904 17,462 
Asset based lending— — — — 300,225 300,225 — — — 
Factoring— — — — 363,670 363,670 — 1,268 1,268 
Lease financing4,909 3,336 8,401 16,646 249,404 266,050 8,345 3,158 11,503 
Insurance premium finance1,415 375 599 2,389 426,478 428,867 599 — 599 
SBA/USDA66 974 987 2,027 245,729 247,756 987 — 987 
Other commercial finance— — — — 157,908 157,908 — — — 
Commercial finance18,269 7,388 15,439 41,096 2,684,399 2,725,495 12,489 19,330 31,819 
Consumer credit products713 527 511 1,751 127,500 129,251 511 — 511 
Other consumer finance963 285 725 1,973 121,633 123,606 725 — 725 
Consumer finance1,676 812 1,236 3,724 249,133 252,857 1,236 — 1,236 
Tax services— — 7,962 7,962 2,443 10,405 7,962 — 7,962 
Warehouse finance— — — — 419,926 419,926 — — — 
Community banking— — — — 199,132 199,132 — 14,915 14,915 
Total loans and leases held for investment19,945 8,200 24,637 52,782 3,555,033 3,607,815 21,687 34,245 55,932 
Total loans and leases$19,945 $8,200 $24,637 $52,782 $3,611,227 $3,664,009 $21,687 $34,245 $55,932 

Nonaccrual loans and leases by year of origination at March 31, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
(Dollars in thousands)20222021202020192018Prior
Term lending$158 $688 $2,018 $6,851 $448 $120 $— $10,283 $2,958 
Asset based lending— — — — — — 5,996 5,996 — 
Factoring— — — — — — 3,961 3,961 3,525 
Lease financing— — 420 2,190 440 14 — 3,064 — 
SBA/USDA— 22 1,690 — — 311 — 2,023 — 
Commercial finance158 710 4,128 9,041 888 445 9,957 25,327 6,483 
Total nonaccrual loans and leases$158 $710 $4,128 $9,041 $888 $445 $9,957 $25,327 $6,483 
Loans and leases that are 90 days or more delinquent and accruing by year of origination at March 31, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
(Dollars in thousands)20222021202020192018Prior
Term lending$421 $330 $549 $100 $— $— $— $1,400 
Lease financing1,680 883 398 161 128 96 — 3,346 
Insurance premium finance188 762 5 — — — — 955 
Commercial finance2,289 1,975 952 261 128 96 — 5,701 
Consumer credit products119 2,781 39 91 20 — — 3,050 
Other consumer finance1,034 130 — — — 600 — 1,764 
Consumer finance1,153 2,911 39 91 20 600 — 4,814 
Total 90 days or more delinquent and accruing$3,442 $4,886 $991 $352 $148 $696 $— $10,515 

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

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

The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Term lending$10,688 $12,729 $12,305 $13,802 
Asset based lending5,993 572 5,002 823 
Factoring9,791 44 11,019 490 
Lease financing3,020 2,990 3,027 3,273 
SBA/USDA1,464 600 840 600 
Commercial finance30,956 16,935 32,193 18,988 
Community banking— 20,199 — 14,316 
Total loans and leases$30,956 $37,134 $32,193 $33,304 

The recognized interest income on the Company's nonaccrual loans and leases for the three and six months ended March 31, 2022 and 2021 was not significant.

The Company’s troubled debt restructurings ("TDRs") typically involve forgiving a portion of interest or principal on existing loans, making loans at a rate materially less than current market rates, or extending the term of the loan. There were $0.2 million of commercial finance loans and $0.2 million of consumer finance loans that were modified in a TDR during the three months ended March 31, 2022, all of which were modified to extend the term of the loan. There were $2.1 million of commercial finance loans that were modified in a TDR during the three months ended March 31, 2021, all of which were modified to extend the term of the loan, and no community banking loans.

During the six months ended March 31, 2022, there were $10.3 million of commercial finance loans and $0.2 million of consumer finance loans that were modified in a TDR, all of which were modified to extend the term of the loan. There were $2.1 million of commercial finance loans and $0.1 million of consumer finance loans that were modified in a TDR during the six months ended March 31, 2021 and no community banking loans.
During the six months ended March 31, 2022, the Company had $2.6 million of commercial finance loans and $0.8 million of consumer finance loans that were modified in a TDR within the previous 12 months and for which there was a payment default. During the six months ended March 31, 2021, the Company had $0.1 million of consumer finance loans, and no community banking loans that were modified in a TDR within the previous 12 months and for which there was a payment default. TDR net charge-offs and the impact of TDRs on the Company's allowance for credit losses were insignificant during the six months ended March 31, 2022 and March 31, 2021.
v3.22.1
EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")
The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic EPS is computed using the two-class method by dividing income available to common stockholders after the allocation of dividends and undistributed earnings to the participating securities by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated using the more dilutive of the treasury stock method or the two-class method. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect of the Company’s stock options, performance share units, and nonvested restricted stock, where applicable. Diluted EPS under the two-class method also considers the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.

A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$49,251 $59,066 $110,575 $87,103 
Dividends and undistributed earnings allocated to participating securities(815)(1,113)(1,773)(1,683)
Basic net earnings available to common stockholders48,436 57,953 108,802 85,420 
Undistributed earnings allocated to nonvested restricted stockholders791 1,083 1,724 1,620 
Reallocation of undistributed earnings to nonvested restricted stockholders(791)(1,082)(1,723)(1,619)
Diluted net earnings available to common stockholders$48,436 $57,954 $108,803 $85,421 
Total weighted-average basic common shares outstanding29,212,301 31,520,505 29,731,797 32,158,994 
Effect of dilutive securities(1)
Performance share units12,061 14,517 17,035 16,490 
Total effect of dilutive securities12,061 14,517 17,035 16,490 
Total weighted-average diluted common shares outstanding29,224,362 31,535,022 29,748,832 32,175,484 
Net earnings per common share:
Basic earnings per common share$1.66 $1.84 $3.66 $2.66 
Diluted earnings per common share(2)
$1.66 $1.84 $3.66 $2.65 
(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 March 31, 2022 and 2021, respectively, were 491,621 and 605,459 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2022 and 2021, respectively, were 484,457 and 633,553 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.1
RENTAL EQUIPMENT, NET
 6 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Computers and IT networking equipment$21,125 $17,683 
Motor vehicles and other97,106 87,396 
Office furniture and equipment44,382 48,828 
Solar panels and equipment128,551 125,457 
Total291,164 279,364 
Accumulated depreciation(79,579)(67,825)
Unamortized initial direct costs1,448 1,577 
Net book value$213,033 $213,116 
Undiscounted future minimum lease payments expected to be received for operating leases at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$19,801 
202334,172 
202426,211 
202518,884 
202610,789 
Thereafter14,332 
Total undiscounted future minimum lease payments receivable for operating leases$124,189 
v3.22.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETSThe Company held a total of $309.5 million of goodwill at March 31, 2022. The recorded goodwill is a result of multiple business combinations that have been consummated since fiscal year 2015, with the most recent pursuant to the Crestmark Acquisition that closed on August 1, 2018. Goodwill is assessed for impairment at least annually or more often if conditions indicate a possible impairment. The assessment is done at a reporting unit level, which is one level below the operating segments. See Note 14. Segment Reporting for additional information on the Company's segment reporting. There have been no changes to the carrying amount of goodwill during the six months ended March 31, 2022.
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Intangible Assets
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(526)(40)(2,829)(262)(3,657)
Write-offs during the period— — — (202)(202)
At March 31, 2022$9,297 $— $15,039 $4,954 $29,290 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(5,327)(2,481)(56,801)(4,768)(69,377)
Accumulated impairment— — (10,248)(218)(10,466)
At March 31, 2022$9,297 $— $15,039 $4,954 $29,290 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(544)(191)(3,716)(319)(4,770)
Write-offs during the period— — — (24)(24)
At March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(4,267)(2,250)(51,223)(4,207)(61,947)
Accumulated impairment— — (10,248)(218)(10,466)
At March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
(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 six months of fiscal 2022 and subsequent fiscal years was as follows:
(Dollars in thousands)
Remaining in 2022$2,763 
20235,101 
20244,383 
20253,826 
20263,252 
Thereafter9,965 
Total anticipated intangible amortization$29,290 

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 six months ended March 31, 2022 and 2021. Intangible expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.22.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 6 Months Ended
Mar. 31, 2022
Leases [Abstract]  
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
Operating lease ROU assets, included in other assets, were $31.8 million and $36.1 million at March 31, 2022 and 2021, respectively.

Operating lease liabilities, included in accrued expenses and other liabilities, were $33.6 million and $38.1 million at March 31, 2022 and 2021, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$2,192 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 38,583 
Discount(4,938)
Total operating lease liabilities$33,645 

The weighted-average discount rate and remaining lease term for operating leases at March 31, 2022 were as follows:
Weighted-average discount rate2.34 %
Weighted-average remaining lease term (years)10.75

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Lease expense$1,119 $991 $2,256 $1,945 
Short-term and variable lease cost40 69 75 132 
ROU asset impairment— — — 224 
Sublease income(355)(177)(531)(285)
Total lease cost for operating leases$804 $883 $1,800 $2,016 
v3.22.1
STOCKHOLDERS' EQUITY
 6 Months Ended
Mar. 31, 2022
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock
The Company's Board of Directors authorized the November 20, 2019 share repurchase program to repurchase up to 7,500,000 shares of the Company's outstanding common stock. All remaining shares available for repurchase under this program were repurchased during the fiscal 2022 first quarter. This authorization 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 six months ended March 31, 2022, and 2021, the Company repurchased 2,447,699 and 2,599,458 shares, respectively, as part of the share repurchase programs.
Under the repurchase programs, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of March 31, 2022, 4,868,177 shares of common stock remained available for repurchase.
For the six months ended March 31, 2022, and 2021, the Company also repurchased 64,536 and 84,121 shares, or $3.7 million and $1.9 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.
v3.22.1
STOCK COMPENSATION
 6 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
The Company maintains the Meta Financial Group, Inc. 2002 Omnibus Incentive Plan, as amended and restated (the "2002 Omnibus Incentive Plan"), which, among other things, provides for the awarding of stock options, nonvested (restricted) shares, and performance share units ("PSUs") to certain officers and directors of the Company. Awards are granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

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

The following tables show the activity of nonvested (restricted) shares and PSUs granted, vested, or forfeited under the 2002 Omnibus Incentive Plan for the six months ended March 31, 2022. There were no options granted, exercised, or forfeited under this plan during the six months ended March 31, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2021
547,063 $30.22 
Granted161,930 57.37 
Vested(197,423)34.29 
Forfeited or expired(11,788)42.19 
Nonvested shares outstanding, March 31, 2022
499,782 $37.13 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,984 $34.03 
Granted(1)
35,705 57.20 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, March 31, 2022
96,689 $42.59 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.

At March 31, 2022, stock-based compensation expense not yet recognized in income totaled $10.8 million, which is expected to be recognized over a weighted average remaining period of 1.63 years.
v3.22.1
INCOME TAXES
 6 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company recorded an income tax expense of $22.3 million for the six months ended March 31, 2022, resulting in an effective tax rate of 16.66%, compared to an income tax expense of $4.7 million, or an effective tax rate of 4.97%, for the six months ended March 31, 2021. The Company’s effective tax rate was lower than the U.S. statutory rate of 21% primarily because of the anticipated effect of investment tax credits during fiscal year 2022. The Company’s effective tax rate in the future will depend in part on actual investment tax credits earned as part of its financing of solar energy projects.
The table below compares the income tax expense components for the periods presented.
Six Months Ended March 31,
(Dollars in thousands)20222021
Provision at statutory rate$27,899 $19,271 
Tax-exempt income(362)(486)
State income taxes5,543 4,135 
Interim period effective rate adjustment(3,870)(3,116)
Tax credit investments, net - federal(5,978)(15,464)
Research tax credit(355)(323)
IRC 162(m) nondeductible compensation505 487 
Other, net(1,104)161 
Income tax expense$22,278 $4,665 
Effective tax rate16.66 %4.97 %
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERSTopic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended March 31,20222021202220212022202120222021
Net interest income(1)
$30,156 $25,085 $44,879 $42,404 $8,765 $6,361 $83,800 $73,850 
Noninterest income:
Refund transfer product fees27,805 22,680 — — — — 27,805 22,680 
Tax advance product fees(1)
39,299 44,562 — — — — 39,299 44,562 
Payment card and deposit fees26,270 29,875 — — — — 26,270 29,875 
Other bank and deposit fees— — 244 126 6 7 250 133 
Rental income(1)
— 5 11,225 9,841 150 — 11,375 9,846 
Net gain realized on investment securities(1)
— — — — 260 6 260 6 
Gain (loss) on sale of other(1)
— — 1,229 1,624 (603)509 626 2,133 
Other income(1)
1,387 919 2,839 2,349 (345)950 3,881 4,218 
Total noninterest income94,761 98,041 15,537 13,940 (532)1,472 109,766 113,453 
Revenue$124,917 $123,126 $60,416 $56,344 $8,233 $7,833 $193,566 $187,303 
Six Months Ended March 31,
Net interest income(1)
$56,427 $47,432 $89,805 $84,252 $9,181 $8,165 $155,413 $139,849 
Noninterest income:
Refund transfer product fees28,384 23,327 — — — — 28,384 23,327 
Tax advance product fees(1)
40,532 46,522 — — — — 40,532 46,522 
Payment card and deposit fees51,402 52,439 — — — — 51,402 52,439 
Other bank and deposit fees— — 475 360 12 10 487 370 
Rental income(1)
— 10 22,302 19,721 150 — 22,452 19,731 
Net gain realized on investment securities(1)
— — — — 397 6 397 6 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 6,093 4,216 (8,932)765 (2,839)4,981 
Other income(1)
2,152 1,078 5,624 4,809 (2,234)5,645 5,542 11,532 
Total noninterest income122,470 123,376 34,494 29,106 39,393 6,426 196,357 158,908 
Revenue$178,897 $170,808 $124,299 $113,358 $48,574 $14,591 $351,770 $298,757 
(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 March 31, 2022 and September 30, 2021, there were no receivables related to refund transfer fees, which reflect earned revenue with unconditional rights to payment for product fee income. All refund transfer fees are recorded within the Consumer reporting segment.
Card Fees. Card fees relate to 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.
v3.22.1
SEGMENT REPORTING
 6 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met.

The Company reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The 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:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended March 31,20222021202220212022202120222021
Net interest income$30,156 $25,085 $44,879 $42,404 $8,765 $6,361 $83,800 $73,850 
Provision for credit losses29,685 28,020 2,205 2,203 412 67 32,302 30,290 
Noninterest income94,761 98,041 15,537 13,940 (532)1,472 109,766 113,453 
Noninterest expense29,892 30,189 31,457 27,829 41,811 37,953 103,160 95,971 
Income (loss) before income tax expense65,340 64,917 26,754 26,312 (33,990)(30,187)58,104 61,042 
Total assets456,335 531,305 3,355,196 3,030,088 3,075,708 6,228,730 6,887,239 9,790,123 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,693,063 8,447,910 6,882 12,177 129,941 182,326 5,829,886 8,642,413 
Six Months Ended March 31,
Net interest income$56,427 $47,432 $89,805 $84,252 $9,181 $8,165 $155,413 $139,849 
Provision (reversal of) for credit losses30,946 30,386 13,797 8,670 (12,255)(2,677)32,488 36,379 
Noninterest income122,470 123,376 34,494 29,106 39,393 6,426 196,357 158,908 
Noninterest expense49,553 48,351 64,504 54,997 71,539 65,198 185,596 168,546 
Income (loss) before income tax expense98,398 92,071 45,998 49,691 (10,710)(47,930)133,686 93,832 
Total assets456,335 531,305 3,355,196 3,030,088 3,075,708 6,228,730 6,887,239 9,790,123 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,693,063 8,447,910 6,882 12,177 129,941 182,326 5,829,886 8,642,413 
v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
ASC 820, Fair Value Measurements defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system and requires disclosures about fair value measurement. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts.

The fair value hierarchy is as follows:

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

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

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

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

The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At March 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$23,250 $— $23,250 $— 
SBA securities137,400 — 137,400 — 
Obligations of states and political subdivisions2,706 — 2,706 — 
Non-bank qualified obligations of states and political subdivisions240,423 — 240,423 — 
Asset-backed securities353,581 — 353,581 — 
Mortgage-backed securities1,286,118 — 1,286,118 — 
Total debt securities AFS$2,043,478 $— $2,043,478 $— 
Common equities and mutual funds(1)
$3,853 $3,853 $— $— 
Non-marketable equity securities(2)
$6,165 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022 and September 30, 2021.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities157,209 — 157,209 — 
Obligations of states and political subdivisions2,507 — 2,507 — 
Non-bank qualified obligations of states and political subdivisions268,295 — 268,295 — 
Asset-backed securities394,859 — 394,859 — 
Mortgage-backed securities1,017,029 — 1,017,029 — 
Total debt securities AFS$1,864,899 $— $1,864,899 $— 
Common equities and mutual funds(1)
$12,668 $12,668 $— $— 
Non-marketable equity securities(2)
$4,560 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022 and September 30, 2021.
(2) Consists of certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

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

Loans and Leases. The Company does not record loans and leases at fair value on a recurring basis. However, if a loan or lease is individually evaluated for risk of credit loss and repayment is expected to be solely provided by the values of the underlying collateral, the Company measures fair value on a nonrecurring basis. Fair value is determined by the fair value of the underlying collateral less estimated costs to sell. The fair value of the collateral is determined based on internal estimates and/or assessments provided by third-party appraisers and the valuation relies on discount rates ranging from 4% to 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 March 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,006 $— $— $8,006 
    Total loans and leases, net individually evaluated
    for credit loss		8,006 — — 8,006 
Foreclosed assets, net112 — — 112 
Total$8,118 $— $— $8,118 

 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
March 31, 2022
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,006 12,775 Market approach
Appraised values(1)
4% - 35%
Foreclosed assets, net$112 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 March 31, 2022 and September 30, 2021 based on relevant market information and information about financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or a liability could be settled. However, since there is no active market for certain financial instruments of the Company, the estimates of fair value are subjective in nature, involve uncertainties, and include matters of significant judgment. Changes in assumptions as well as tax considerations could significantly affect the estimated values. Accordingly, the aggregate fair value estimates are not intended to represent the underlying value of the Company, on either a going concern or a liquidation basis.
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
 At March 31, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$237,680 $237,680 $237,680 $— $— 
Debt securities available for sale2,043,478 2,043,478 — 2,043,478 — 
Debt securities held to maturity47,287 45,436 — 45,436 — 
Common equities and mutual funds(1)
3,853 3,853 3,853 — — 
Non-marketable equity securities(1)(2)
24,114 24,114 — 17,949 — 
Loans held for sale31,410 31,410 — 31,410 — 
Loans and leases3,726,093 3,642,987 — — 3,642,987 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable19,115 19,115 19,115 — — 
Financial liabilities
Deposits5,829,886 5,829,791 5,818,128 11,663 — 
Other short- and long-term borrowings91,386 92,216 — 92,216 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
 At September 30, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$314,019 $314,019 $314,019 $— $— 
Debt securities available for sale1,864,899 1,864,899 — 1,864,899 — 
Debt securities held to maturity56,669 56,391 — 56,391 — 
Common equities and mutual funds(1)
12,668 12,668 12,668 — — 
Non-marketable equity securities(1)(2)
17,509 17,509 — 12,949 — 
Loans held for sale56,194 56,194 — 56,194 — 
Loans and leases3,607,815 3,616,646 — — 3,616,646 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable16,254 16,254 16,254 — — 
Financial liabilities
Deposits5,514,971 5,515,035 5,482,471 32,564 — 
Other short- and long-term borrowings92,834 93,938 — 93,938 — 
Accrued interest payable579 579 579 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at September 30, 2021.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.1
SUBSEQUENT EVENTS
 6 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTSManagement has evaluated subsequent events that occurred after March 31, 2022. 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 March 31, 2022.
v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 6 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Adopted ASUs
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2021 remain substantially unchanged. The following ASUs became effective for the Company on October 1, 2021, none of which had a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.
–ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs.
–ASU 2020-10, Codification Improvements.
v3.22.1
SECURITIES (Tables)
 6 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.
Debt Securities AFS
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2022
Corporate securities$25,000 $— $(1,750)$23,250 
SBA securities137,330 1,429 (1,359)137,400 
Obligations of states and political subdivisions2,777 1 (72)2,706 
Non-bank qualified obligations of states and political subdivisions249,576 153 (9,306)240,423 
Asset-backed securities361,408 1,636 (9,463)353,581 
Mortgage-backed securities1,360,741 232 (74,855)1,286,118 
Total debt securities AFS$2,136,832 $3,451 $(96,805)$2,043,478 
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 March 31, 2022
Non-bank qualified obligations of states and political subdivisions$44,369 $— $(1,768)$42,601 
Mortgage-backed securities2,918 — (83)2,835 
Total debt securities HTM$47,287 $— $(1,851)$45,436 
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 March 31, 2022
Corporate securities$23,250 $(1,750)$— $— $23,250 $(1,750)
SBA securities50,022 (1,359)— — 50,022 (1,359)
Obligations of state and political subdivisions2,158 (72)— — 2,158 (72)
Non-bank qualified obligations of states and political subdivisions214,073 (9,180)1,314 (126)215,387 (9,306)
Asset-backed securities154,196 (4,375)111,397 (5,088)265,593 (9,463)
Mortgage-backed securities1,014,462 (58,435)206,040 (16,420)1,220,502 (74,855)
Total debt securities AFS$1,458,161 $(75,171)$318,751 $(21,634)$1,776,912 $(96,805)
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 March 31, 2022
Non-bank qualified obligations of states and political subdivisions$42,602 $(1,768)$— $— $42,602 $(1,768)
Mortgage-backed securities2,835 (83)— — 2,835 (83)
Total debt securities HTM$45,437 $(1,851)$— $— $45,437 $(1,851)
At September 30, 2021
Non-bank qualified obligations of states and political subdivisions$26,096 $(471)$— $— $26,096 $(471)
Total debt securities HTM$26,096 $(471)$— $— $26,096 $(471)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("MBS") because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.
(Dollars in thousands)At March 31, 2022At September 30, 2021
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$240 $241 $810 $822 
Due after one year through five years11,029 10,855 13,026 13,378 
Due after five years through ten years74,314 71,056 50,785 52,357 
Due after ten years690,508 675,208 773,985 781,313 
776,091 757,360 838,606 847,870 
Mortgage-backed securities1,360,741 1,286,118 1,016,478 1,017,029 
Total securities AFS, at fair value$2,136,832 $2,043,478 $1,855,084 $1,864,899 

At March 31, 2022At September 30, 2021
(Dollars in thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$44,369 $42,601 $52,944 $52,576 
44,369 42,601 52,944 52,576 
Mortgage-backed securities2,918 2,835 3,725 3,815 
Total securities HTM, at cost$47,287 $45,436 $56,669 $56,391 
v3.22.1
LOANS AND LEASES, NET (Tables)
 6 Months Ended
Mar. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Term lending$1,111,076 $961,019 
Asset based lending382,355 300,225 
Factoring394,865 363,670 
Lease financing235,397 266,050 
Insurance premium finance403,681 428,867 
SBA/USDA214,195 247,756 
Other commercial finance173,260 157,908 
Commercial finance2,914,829 2,725,495 
Consumer credit products171,847 129,251 
Other consumer finance111,922 123,606 
Consumer finance283,769 252,857 
Tax services85,999 10,405 
Warehouse finance441,496 419,926 
Community banking— 199,132 
Total loans and leases3,726,093 3,607,815 
Net deferred loan origination costs4,097 1,748 
Total gross loans and leases3,730,190 3,609,563 
Allowance for credit losses(88,552)(68,281)
Total loans and leases, net$3,641,638 $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 March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Loans Purchased
Loans held for investment:
Commercial finance$1,378 $— $3,098 $— 
Warehouse finance29,822 33,605 85,815 96,236 
Community banking— 548 — 2,847 
Total purchases$31,200 $34,153 $88,913 $99,083 
Loans Sold
Loans held for sale:
Commercial finance$14,090 $4,591 $47,113 $34,915 
Consumer finance147,163 19,791 523,607 311,331 
Community banking— — 153,222 129,788 
Loans held for investment:
Commercial finance15,549 — 15,549 — 
Community banking— — 30,235 — 
Total sales$176,802 $24,382 $769,726 $476,034 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Carrying amount$244,030 $278,341 
Unguaranteed residual assets13,009 14,393 
Unamortized initial direct costs406 490 
Unearned income(21,642)(26,684)
Total net investment in direct financing and sales-type leases$235,803 $266,540 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$52,751 
202390,718 
202459,489 
202528,337 
20269,087 
Thereafter3,648 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases244,030 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$244,030 
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 March 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$26,722 $1,954 $(1,822)$714 $27,568 
Asset based lending2,758 (175)— — 2,583 
Factoring15,242 823 (9,590)51 6,526 
Lease financing6,857 (395)(95)104 6,471 
Insurance premium finance1,044 59 (106)60 1,057 
SBA/USDA2,996 (53)— — 2,943 
Other commercial finance1,349 (152)— — 1,197 
Commercial finance56,968 2,061 (11,613)929 48,345 
Consumer credit products1,627 (6)— — 1,621 
Other consumer finance6,960 1,157 (802)73 7,388 
Consumer finance8,587 1,151 (802)73 9,009 
Tax services1,601 28,972 — 184 30,757 
Warehouse finance467 (26)— — 441 
Community banking— (2)— 2 — 
Total loans and leases67,623 32,156 (12,415)1,188 88,552 
Unfunded commitments(1)
405 146 — — 551 
Total $68,028 $32,302 $(12,415)$1,188 $89,103 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended March 31, 2021
(Dollars in thousands)Beginning Balance
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$28,220 $1,396 $(2,477)$176 $27,315 
Asset based lending1,809 539 (599)— 1,749 
Factoring3,719 (545)— 36 3,210 
Lease financing6,784 420 (471)130 6,863 
Insurance premium finance1,285 103 (149)87 1,326 
SBA/USDA3,164 136 — — 3,300 
Other commercial finance479 62 — — 541 
Commercial finance45,460 2,111 (3,696)429 44,304 
Consumer credit products835 155 — — 990 
Other consumer finance10,176 266 (419)70 10,093 
Consumer finance11,011 421 (419)70 11,083 
Tax services1,412 27,680 — 54 29,146 
Warehouse finance319 13 — — 332 
Community banking14,187 (26)(134)— 14,027 
Total loans and leases72,389 30,199 (4,249)553 98,892 
Unfunded commitments(1)
688 91 — — 779 
Total $73,077 $30,290 $(4,249)$553 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.


Six Months Ended March 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $1,095 $(3,906)$1,028 $27,568 
Asset based lending1,726 736 (16)137 2,583 
Factoring3,997 13,324 (10,864)69 6,526 
Lease financing7,629 (1,217)(112)171 6,471 
Insurance premium finance1,394 (211)(283)157 1,057 
SBA/USDA2,978 180 (217)2 2,943 
Other commercial finance1,168 29 — — 1,197 
Commercial finance48,243 13,936 (15,398)1,564 48,345 
Consumer credit products1,242 379 — — 1,621 
Other consumer finance6,112 2,718 (1,622)180 7,388 
Consumer finance7,354 3,097 (1,622)180 9,009 
Tax services2 28,259 (254)2,750 30,757 
Warehouse finance420 21 — — 441 
Community banking12,262 (12,686)— 424 — 
Total loans and leases68,281 32,627 (17,274)4,918 88,552 
Unfunded commitments(1)
690 (139)— — 551 
Total $68,971 $32,488 $(17,274)$4,918 $89,103 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
Six Months Ended March 31, 2021
(Dollars in thousands)Beginning BalanceImpact of CECL Adoption
Provision (Reversal)(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$15,211 $9,999 $7,422 $(5,789)$472 $27,315 
Asset based lending1,406 164 1,378 (1,199)— 1,749 
Factoring3,027 987 (1,961)(1)1,158 3,210 
Lease financing7,023 (556)1,532 (1,347)211 6,863 
Insurance premium finance2,129 (965)591 (805)376 1,326 
SBA/USDA940 2,720 (361)— 1 3,300 
Other commercial finance182 364 (5)— — 541 
Commercial finance29,918 12,713 8,596 (9,141)2,218 44,304 
Consumer credit products845 — 145 — — 990 
Other consumer finance2,821 5,998 1,748 (637)163 10,093 
Consumer finance3,666 5,998 1,893 (637)163 11,083 
Tax services2 — 28,134 — 1,010 29,146 
Warehouse finance294 (1)39 — — 332 
Community banking22,308 (5,937)(2,199)(145)— 14,027 
Total loans and leases56,188 12,773 36,463 (9,923)3,391 98,892 
Unfunded commitments(1)
32 831 (84)— — 779 
Total $56,220 $13,604 $36,379 $(9,923)$3,391 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Impaired Loans and Leases
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At March 31, 2022At September 30, 2021
Term lending$60,400 $20,965 
Asset based lending5,992 — 
Factoring26,625 1,268 
Lease financing12,289 3,882 
SBA/USDA1,282 — 
Commercial finance(1)
106,588 26,115 
Community banking— 14,915 
Total$106,588 $41,030 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.
The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Term lending$10,688 $12,729 $12,305 $13,802 
Asset based lending5,993 572 5,002 823 
Factoring9,791 44 11,019 490 
Lease financing3,020 2,990 3,027 3,273 
SBA/USDA1,464 600 840 600 
Commercial finance30,956 16,935 32,193 18,988 
Community banking— 20,199 — 14,316 
Total loans and leases$30,956 $37,134 $32,193 $33,304 
Asset Classification by Credit Quality Indicators of Loans and Leases The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At March 31, 202220222021202020192018Prior
Term lending
Pass$258,394 $285,900 $158,324 $55,586 $37,818 $7,731 $— $803,753 
Watch27,001 94,061 55,194 23,806 2,776 2,511 — 205,349 
Special Mention1,603 9,254 16,083 3,761 607 2,954 — 34,262 
Substandard6,423 15,352 23,760 14,961 2,181 3,201 — 65,878 
Doubtful198 346 545 676 69 — — 1,834 
Total293,619 404,913 253,906 98,790 43,451 16,397 — 1,111,076 
Asset based lending
Pass— — — — — — 234,134 234,134 
Watch— — — — — — 83,379 83,379 
Special Mention— — — — — — 49,695 49,695 
Substandard— — — — — — 15,147 15,147 
Total— — — — — — 382,355 382,355 
Factoring
Pass— — — — — — 298,546 298,546 
Watch— — — — — — 46,702 46,702 
Special Mention— — — — — — 25,300 25,300 
Substandard— — — — — — 24,289 24,289 
Doubtful— — — — — — 28 28 
Total— — — — — — 394,865 394,865 
Lease financing
Pass22,840 52,747 57,885 9,223 4,703 222 — 147,620 
Watch1,021 10,724 13,759 7,221 2,418 43 — 35,186 
Special Mention730 15,835 7,658 411 310 238 — 25,182 
Substandard15 5,561 11,160 7,700 1,210 22 — 25,668 
Doubtful— 140 406 1,195 — — — 1,741 
Total24,606 85,007 90,868 25,750 8,641 525 — 235,397 
Insurance premium finance
Pass337,078 65,850 24 2 — — — 402,954 
Watch110 133 — — — — — 243 
Special Mention4 268 — — — — — 272 
Substandard— 148 — — — — — 148 
Doubtful— 64 — — — — — 64 
Total337,192 66,463 24 2 — — — 403,681 
SBA/USDA
Pass29,689 72,935 21,521 11,737 12,299 8,786 — 156,967 
Watch904 — 19,595 2,845 968 1,344 — 25,656 
Special Mention— — 1,618 213 3,970 985 — 6,786 
Substandard— — 6,109 7,554 7,975 2,811 — 24,449 
Doubtful— 22 315 — — — — 337 
Total30,593 72,957 49,158 22,349 25,212 13,926 — 214,195 
Other commercial finance
Pass20,122 28,761 799 9,017 2,134 66,399 — 127,232 
Watch— 20,000 13,282 — 443 — — 33,725 
Substandard166 9,827 — — 267 2,043 — 12,303 
Total20,288 58,588 14,081 9,017 2,844 68,442 — 173,260 
Warehouse finance
Pass— — — — — — 441,496 441,496 
Total— — — — — — 441,496 441,496 
Total loans and leases
Pass668,123 506,193 238,553 85,565 56,954 83,138 974,176 2,612,702 
Watch29,036 124,918 101,830 33,872 6,605 3,898 130,081 430,240 
Special Mention2,337 25,357 25,359 4,385 4,887 4,177 74,995 141,497 
Substandard6,604 30,888 41,029 30,215 11,633 8,077 39,436 167,882 
Doubtful198 572 1,266 1,871 69 — 28 4,004 
Total$706,298 $687,928 $408,037 $155,908 $80,148 $99,290 $1,218,716 $3,356,325 

Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202120212020201920182017Prior
Term lending
Pass$362,443 $192,305 $63,708 $34,381 $3,195 $1,236 $— $657,268 
Watch63,046 71,701 32,941 21,419 76 3,628 — 192,811 
Special Mention6,422 26,673 4,821 932 70 633 — 39,551 
Substandard18,569 16,810 26,920 3,529 928 641 — 67,397 
Doubtful252 1,673 1,756 311 — — — 3,992 
Total450,732 309,162 130,146 60,572 4,269 6,138 — 961,019 
Asset based lending
Pass— — — — — — 185,432 185,432 
Watch— — — — — — 52,072 52,072 
Special Mention— — — — — — 43,135 43,135 
Substandard— — — — — — 19,586 19,586 
Total— — — — — — 300,225 300,225 
Factoring
Pass— — — — — — 294,124 294,124 
Watch— — — — — — 17,984 17,984 
Special Mention— — — — — — 33,035 33,035 
Substandard— — — — — — 18,527 18,527 
Total— — — — — — 363,670 363,670 
Lease financing
Pass54,434 73,629 17,153 7,511 1,857 203 — 154,787 
Watch22,061 20,455 9,274 2,739 1,454 — — 55,983 
Special Mention15,402 20,595 4,148 1,546 61 — — 41,752 
Substandard479 4,765 4,981 831 25 — — 11,081 
Doubtful— 6 2,402 38 1 — — 2,447 
Total92,376 119,450 37,958 12,665 3,398 203 — 266,050 
Insurance premium finance
Pass428,131 144 9 — — — — 428,284 
Watch262 5 — — — — — 267 
Special Mention58 5 — — — — — 63 
Substandard68 107 — — — — — 175 
Doubtful58 20 — — — — — 78 
Total428,577 281 9 — — — — 428,867 
SBA/USDA
Pass110,122 37,006 14,461 12,760 6,525 3,779 — 184,653 
Watch— 20,431 1,996 1,670 1,394 298 — 25,789 
Special Mention— 8,333 214 3,348 177 919 — 12,991 
Substandard— 3,812 9,550 8,079 2,169 713 — 24,323 
Total110,122 69,582 26,221 25,857 10,265 5,709 — 247,756 
Other commercial finance
Pass56,957 642 5,786 6,075 3,345 60,965 — 133,770 
Watch— 17,404 3,409 451 — — — 21,264 
Substandard466 — — 273 837 1,299 — 2,875 
Total57,423 18,046 9,195 6,799 4,182 62,264 — 157,909 
Warehouse finance
Pass— — — — — — 419,926 419,926 
Total— — — — — — 419,926 419,926 
Community banking
Pass— — 4,159 — 5,683 472 — 10,314 
Watch— 10,134 — 10,854 6,133 — — 27,121 
Special Mention— — 35,916 — — — — 35,916 
Substandard— 119 49,449 50,626 13,933 6,110 — 120,237 
Doubtful— 122 — 5,422 — — — 5,544 
Total— 10,375 89,524 66,902 25,749 6,582 — 199,132 
Total loans and leases
Pass1,012,088 303,727 105,274 60,727 20,605 66,655 899,481 2,468,557 
Watch85,369 140,131 47,620 37,132 9,057 3,926 70,056 393,291 
Special Mention21,882 55,606 45,099 5,826 307 1,552 76,171 206,443 
Substandard19,584 25,613 90,900 63,338 17,891 8,762 38,113 264,201 
Doubtful310 1,822 4,158 5,770 1 — — 12,061 
Total$1,139,233 $526,899 $293,051 $172,793 $47,861 $80,895 $1,083,821 $3,344,553 
Past Due Loans and Leases
Past due loans and leases were as follows:
At March 31, 2022
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $31,410 $31,410 $— $— $— 
Term lending17,081 1,495 5,243 23,819 1,087,257 1,111,076 1,400 10,283 11,683 
Asset based lending7 — — 7 382,348 382,355 — 5,996 5,996 
Factoring— — — — 394,865 394,865 — 3,961 3,961 
Lease financing4,932 — 4,199 9,131 226,266 235,397 3,346 3,064 6,410 
Insurance premium finance1,149 768 955 2,872 400,809 403,681 955 — 955 
SBA/USDA1,462 311 1,597 3,370 210,825 214,195 — 2,023 2,023 
Other commercial finance— — — — 173,260 173,260 — — — 
Commercial finance24,631 2,574 11,994 39,199 2,875,630 2,914,829 5,701 25,327 31,028 
Consumer credit products4,092 3,489 3,050 10,631 161,216 171,847 3,050 — 3,050 
Other consumer finance1,737 1,986 1,764 5,487 106,435 111,922 1,764 — 1,764 
Consumer finance5,829 5,475 4,814 16,118 267,651 283,769 4,814 — 4,814 
Tax services830 — — 830 85,169 85,999 — — — 
Warehouse finance— — — — 441,496 441,496 — — — 
Community banking— — — — — — — — — 
Total loans and leases held for investment31,290 8,049 16,808 56,147 3,669,946 3,726,093 10,515 25,327 35,842 
Total loans and leases$31,290 $8,049 $16,808 $56,147 $3,701,356 $3,757,503 $10,515 $25,327 $35,842 
At September 30, 2021
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $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 March 31, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
(Dollars in thousands)20222021202020192018Prior
Term lending$158 $688 $2,018 $6,851 $448 $120 $— $10,283 $2,958 
Asset based lending— — — — — — 5,996 5,996 — 
Factoring— — — — — — 3,961 3,961 3,525 
Lease financing— — 420 2,190 440 14 — 3,064 — 
SBA/USDA— 22 1,690 — — 311 — 2,023 — 
Commercial finance158 710 4,128 9,041 888 445 9,957 25,327 6,483 
Total nonaccrual loans and leases$158 $710 $4,128 $9,041 $888 $445 $9,957 $25,327 $6,483 
Loans and leases that are 90 days or more delinquent and accruing by year of origination at March 31, 2022 were as follows:
Amortized Cost Basis
Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
(Dollars in thousands)20222021202020192018Prior
Term lending$421 $330 $549 $100 $— $— $— $1,400 
Lease financing1,680 883 398 161 128 96 — 3,346 
Insurance premium finance188 762 5 — — — — 955 
Commercial finance2,289 1,975 952 261 128 96 — 5,701 
Consumer credit products119 2,781 39 91 20 — — 3,050 
Other consumer finance1,034 130 — — — 600 — 1,764 
Consumer finance1,153 2,911 39 91 20 600 — 4,814 
Total 90 days or more delinquent and accruing$3,442 $4,886 $991 $352 $148 $696 $— $10,515 
v3.22.1
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 6 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands, except per share data)2022202120222021
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$49,251 $59,066 $110,575 $87,103 
Dividends and undistributed earnings allocated to participating securities(815)(1,113)(1,773)(1,683)
Basic net earnings available to common stockholders48,436 57,953 108,802 85,420 
Undistributed earnings allocated to nonvested restricted stockholders791 1,083 1,724 1,620 
Reallocation of undistributed earnings to nonvested restricted stockholders(791)(1,082)(1,723)(1,619)
Diluted net earnings available to common stockholders$48,436 $57,954 $108,803 $85,421 
Total weighted-average basic common shares outstanding29,212,301 31,520,505 29,731,797 32,158,994 
Effect of dilutive securities(1)
Performance share units12,061 14,517 17,035 16,490 
Total effect of dilutive securities12,061 14,517 17,035 16,490 
Total weighted-average diluted common shares outstanding29,224,362 31,535,022 29,748,832 32,175,484 
Net earnings per common share:
Basic earnings per common share$1.66 $1.84 $3.66 $2.66 
Diluted earnings per common share(2)
$1.66 $1.84 $3.66 $2.65 
(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 March 31, 2022 and 2021, respectively, were 491,621 and 605,459 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2022 and 2021, respectively, were 484,457 and 633,553 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.1
RENTAL EQUIPMENT, NET (Tables)
 6 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)March 31, 2022September 30, 2021
Computers and IT networking equipment$21,125 $17,683 
Motor vehicles and other97,106 87,396 
Office furniture and equipment44,382 48,828 
Solar panels and equipment128,551 125,457 
Total291,164 279,364 
Accumulated depreciation(79,579)(67,825)
Unamortized initial direct costs1,448 1,577 
Net book value$213,033 $213,116 
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$19,801 
202334,172 
202426,211 
202518,884 
202610,789 
Thereafter14,332 
Total undiscounted future minimum lease payments receivable for operating leases$124,189 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$2,192 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 38,583 
Discount(4,938)
Total operating lease liabilities$33,645 
v3.22.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Intangible Assets
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(526)(40)(2,829)(262)(3,657)
Write-offs during the period— — — (202)(202)
At March 31, 2022$9,297 $— $15,039 $4,954 $29,290 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(5,327)(2,481)(56,801)(4,768)(69,377)
Accumulated impairment— — (10,248)(218)(10,466)
At March 31, 2022$9,297 $— $15,039 $4,954 $29,290 
At September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(544)(191)(3,716)(319)(4,770)
Write-offs during the period— — — (24)(24)
At March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(4,267)(2,250)(51,223)(4,207)(61,947)
Accumulated impairment— — (10,248)(218)(10,466)
At March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
(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 six months of fiscal 2022 and subsequent fiscal years was as follows:
(Dollars in thousands)
Remaining in 2022$2,763 
20235,101 
20244,383 
20253,826 
20263,252 
Thereafter9,965 
Total anticipated intangible amortization$29,290 
v3.22.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases Undiscounted future minimum lease payments expected to be received for operating leases at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$19,801 
202334,172 
202426,211 
202518,884 
202610,789 
Thereafter14,332 
Total undiscounted future minimum lease payments receivable for operating leases$124,189 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at March 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2022$2,192 
20233,892 
20243,854 
20253,718 
20263,195 
Thereafter21,732 
Total undiscounted future minimum lease payments 38,583 
Discount(4,938)
Total operating lease liabilities$33,645 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases at March 31, 2022 were as follows:
Weighted-average discount rate2.34 %
Weighted-average remaining lease term (years)10.75

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in thousands)2022202120222021
Lease expense$1,119 $991 $2,256 $1,945 
Short-term and variable lease cost40 69 75 132 
ROU asset impairment— — — 224 
Sublease income(355)(177)(531)(285)
Total lease cost for operating leases$804 $883 $1,800 $2,016 
v3.22.1
STOCK COMPENSATION (Tables)
 6 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following tables show the activity of nonvested (restricted) shares and PSUs granted, vested, or forfeited under the 2002 Omnibus Incentive Plan for the six months ended March 31, 2022. There were no options granted, exercised, or forfeited under this plan during the six months ended March 31, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2021
547,063 $30.22 
Granted161,930 57.37 
Vested(197,423)34.29 
Forfeited or expired(11,788)42.19 
Nonvested shares outstanding, March 31, 2022
499,782 $37.13 
(Dollars in thousands, except per share data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2021
60,984 $34.03 
Granted(1)
35,705 57.20 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, March 31, 2022
96,689 $42.59 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
v3.22.1
INCOME TAXES (Tables)
 6 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.
Six Months Ended March 31,
(Dollars in thousands)20222021
Provision at statutory rate$27,899 $19,271 
Tax-exempt income(362)(486)
State income taxes5,543 4,135 
Interim period effective rate adjustment(3,870)(3,116)
Tax credit investments, net - federal(5,978)(15,464)
Research tax credit(355)(323)
IRC 162(m) nondeductible compensation505 487 
Other, net(1,104)161 
Income tax expense$22,278 $4,665 
Effective tax rate16.66 %4.97 %
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended March 31,20222021202220212022202120222021
Net interest income(1)
$30,156 $25,085 $44,879 $42,404 $8,765 $6,361 $83,800 $73,850 
Noninterest income:
Refund transfer product fees27,805 22,680 — — — — 27,805 22,680 
Tax advance product fees(1)
39,299 44,562 — — — — 39,299 44,562 
Payment card and deposit fees26,270 29,875 — — — — 26,270 29,875 
Other bank and deposit fees— — 244 126 6 7 250 133 
Rental income(1)
— 5 11,225 9,841 150 — 11,375 9,846 
Net gain realized on investment securities(1)
— — — — 260 6 260 6 
Gain (loss) on sale of other(1)
— — 1,229 1,624 (603)509 626 2,133 
Other income(1)
1,387 919 2,839 2,349 (345)950 3,881 4,218 
Total noninterest income94,761 98,041 15,537 13,940 (532)1,472 109,766 113,453 
Revenue$124,917 $123,126 $60,416 $56,344 $8,233 $7,833 $193,566 $187,303 
Six Months Ended March 31,
Net interest income(1)
$56,427 $47,432 $89,805 $84,252 $9,181 $8,165 $155,413 $139,849 
Noninterest income:
Refund transfer product fees28,384 23,327 — — — — 28,384 23,327 
Tax advance product fees(1)
40,532 46,522 — — — — 40,532 46,522 
Payment card and deposit fees51,402 52,439 — — — — 51,402 52,439 
Other bank and deposit fees— — 475 360 12 10 487 370 
Rental income(1)
— 10 22,302 19,721 150 — 22,452 19,731 
Net gain realized on investment securities(1)
— — — — 397 6 397 6 
Gain on sale of trademarks— — — — 50,000 — 50,000 — 
Gain (loss) on sale of other(1)
— — 6,093 4,216 (8,932)765 (2,839)4,981 
Other income(1)
2,152 1,078 5,624 4,809 (2,234)5,645 5,542 11,532 
Total noninterest income122,470 123,376 34,494 29,106 39,393 6,426 196,357 158,908 
Revenue$178,897 $170,808 $124,299 $113,358 $48,574 $14,591 $351,770 $298,757 
(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.
v3.22.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information of Entity
The following tables present segment data for the Company:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended March 31,20222021202220212022202120222021
Net interest income$30,156 $25,085 $44,879 $42,404 $8,765 $6,361 $83,800 $73,850 
Provision for credit losses29,685 28,020 2,205 2,203 412 67 32,302 30,290 
Noninterest income94,761 98,041 15,537 13,940 (532)1,472 109,766 113,453 
Noninterest expense29,892 30,189 31,457 27,829 41,811 37,953 103,160 95,971 
Income (loss) before income tax expense65,340 64,917 26,754 26,312 (33,990)(30,187)58,104 61,042 
Total assets456,335 531,305 3,355,196 3,030,088 3,075,708 6,228,730 6,887,239 9,790,123 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,693,063 8,447,910 6,882 12,177 129,941 182,326 5,829,886 8,642,413 
Six Months Ended March 31,
Net interest income$56,427 $47,432 $89,805 $84,252 $9,181 $8,165 $155,413 $139,849 
Provision (reversal of) for credit losses30,946 30,386 13,797 8,670 (12,255)(2,677)32,488 36,379 
Noninterest income122,470 123,376 34,494 29,106 39,393 6,426 196,357 158,908 
Noninterest expense49,553 48,351 64,504 54,997 71,539 65,198 185,596 168,546 
Income (loss) before income tax expense98,398 92,071 45,998 49,691 (10,710)(47,930)133,686 93,832 
Total assets456,335 531,305 3,355,196 3,030,088 3,075,708 6,228,730 6,887,239 9,790,123 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,693,063 8,447,910 6,882 12,177 129,941 182,326 5,829,886 8,642,413 
v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At March 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$23,250 $— $23,250 $— 
SBA securities137,400 — 137,400 — 
Obligations of states and political subdivisions2,706 — 2,706 — 
Non-bank qualified obligations of states and political subdivisions240,423 — 240,423 — 
Asset-backed securities353,581 — 353,581 — 
Mortgage-backed securities1,286,118 — 1,286,118 — 
Total debt securities AFS$2,043,478 $— $2,043,478 $— 
Common equities and mutual funds(1)
$3,853 $3,853 $— $— 
Non-marketable equity securities(2)
$6,165 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022 and September 30, 2021.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 Fair Value At September 30, 2021
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$25,000 $— $25,000 $— 
SBA securities157,209 — 157,209 — 
Obligations of states and political subdivisions2,507 — 2,507 — 
Non-bank qualified obligations of states and political subdivisions268,295 — 268,295 — 
Asset-backed securities394,859 — 394,859 — 
Mortgage-backed securities1,017,029 — 1,017,029 — 
Total debt securities AFS$1,864,899 $— $1,864,899 $— 
Common equities and mutual funds(1)
$12,668 $12,668 $— $— 
Non-marketable equity securities(2)
$4,560 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022 and September 30, 2021.
(2) Consists of certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a non-recurring basis:
 Fair Value At March 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,006 $— $— $8,006 
    Total loans and leases, net individually evaluated
    for credit loss		8,006 — — 8,006 
Foreclosed assets, net112 — — 112 
Total$8,118 $— $— $8,118 

 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
March 31, 2022
Fair Value at
September 30, 2021
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,006 12,775 Market approach
Appraised values(1)
4% - 35%
Foreclosed assets, net$112 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 March 31, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$237,680 $237,680 $237,680 $— $— 
Debt securities available for sale2,043,478 2,043,478 — 2,043,478 — 
Debt securities held to maturity47,287 45,436 — 45,436 — 
Common equities and mutual funds(1)
3,853 3,853 3,853 — — 
Non-marketable equity securities(1)(2)
24,114 24,114 — 17,949 — 
Loans held for sale31,410 31,410 — 31,410 — 
Loans and leases3,726,093 3,642,987 — — 3,642,987 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable19,115 19,115 19,115 — — 
Financial liabilities
Deposits5,829,886 5,829,791 5,818,128 11,663 — 
Other short- and long-term borrowings91,386 92,216 — 92,216 — 
Accrued interest payable571 571 571 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2022.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
 At September 30, 2021
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$314,019 $314,019 $314,019 $— $— 
Debt securities available for sale1,864,899 1,864,899 — 1,864,899 — 
Debt securities held to maturity56,669 56,391 — 56,391 — 
Common equities and mutual funds(1)
12,668 12,668 12,668 — — 
Non-marketable equity securities(1)(2)
17,509 17,509 — 12,949 — 
Loans held for sale56,194 56,194 — 56,194 — 
Loans and leases3,607,815 3,616,646 — — 3,616,646 
Federal Reserve Bank and Federal Home Loan Bank stocks28,400 28,400 — 28,400 — 
Accrued interest receivable16,254 16,254 16,254 — — 
Financial liabilities
Deposits5,514,971 5,515,035 5,482,471 32,564 — 
Other short- and long-term borrowings92,834 93,938 — 93,938 — 
Accrued interest payable579 579 579 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at September 30, 2021.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.1
SIGNIFICANT EVENTS (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 07, 2021
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Unusual or Infrequent Item, or Both [Line Items]          
Proceeds from sale of trademarks       $ 50,000 $ 0
Noninterest income   $ 109,766 $ 113,453 196,357 $ 158,908
Purchase agreement receivable $ 10,000        
Noninterest rebranding expense   $ 2,800      
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        
v3.22.1
SECURITIES - Narrative (Details)
 6 Months Ended
Mar. 31, 2022
USD ($)
security
Mar. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Debt Securities, Available-for-sale [Line Items]      
AFS number of securities in an unrealized loss position (in securities) | security 80    
Federal reserve bank stock $ 19,700,000   $ 19,700,000
Federal home loan bank stock 9,100,000   8,700,000
Impairment recognized 0    
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,900,000   12,700,000
Unrealized losses on equity securities 3,800,000 $ 0  
Gain on security sold 300,000    
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 6,200,000   4,600,000
Unrealized gains on equity securities 300,000 $ 200,000  
Equity securities without readily determinable fair value, amount 20,900,000   $ 16,000,000
Gain on security sold $ 100,000    
v3.22.1
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 2,136,832 $ 1,855,084
Fair Value 2,043,478 1,864,899
Amortized Cost    
Due in one year or less 240 810
Due after one year through five years 11,029 13,026
Due after five years through ten years 74,314 50,785
Due after ten years 690,508 773,985
Total 776,091 838,606
Mortgage-backed securities 1,360,741 1,016,478
Fair Value    
Due in one year or less 241 822
Due after one year through five years 10,855 13,378
Due after five years through ten years 71,056 52,357
Due after ten years 675,208 781,313
Total 757,360 847,870
Mortgage-backed securities 1,286,118 1,017,029
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (1,750) 0
Fair Value 23,250 25,000
LESS THAN 12 MONTHS, Fair Value 23,250  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,750)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 23,250  
TOTAL, Gross Unrealized (Losses) (1,750)  
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 137,330 151,958
Gross Unrealized Gains 1,429 5,251
Gross Unrealized (Losses) (1,359) 0
Fair Value 137,400 157,209
LESS THAN 12 MONTHS, Fair Value 50,022  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,359)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 50,022  
TOTAL, Gross Unrealized (Losses) (1,359)  
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,777 2,497
Gross Unrealized Gains 1 10
Gross Unrealized (Losses) (72) 0
Fair Value 2,706 2,507
LESS THAN 12 MONTHS, Fair Value 2,158  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (72)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 2,158  
TOTAL, Gross Unrealized (Losses) (72)  
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 249,576 266,048
Gross Unrealized Gains 153 3,347
Gross Unrealized (Losses) (9,306) (1,100)
Fair Value 240,423 268,295
LESS THAN 12 MONTHS, Fair Value 214,073 101,046
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (9,180) (1,100)
OVER 12 MONTHS, Fair Value 1,314 0
OVER 12 MONTHS, Gross Unrealized (Losses) (126) 0
TOTAL, Fair Value 215,387 101,046
TOTAL, Gross Unrealized (Losses) (9,306) (1,100)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 361,408 393,103
Gross Unrealized Gains 1,636 3,003
Gross Unrealized (Losses) (9,463) (1,247)
Fair Value 353,581 394,859
LESS THAN 12 MONTHS, Fair Value 154,196 127,110
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (4,375) (283)
OVER 12 MONTHS, Fair Value 111,397 91,553
OVER 12 MONTHS, Gross Unrealized (Losses) (5,088) (964)
TOTAL, Fair Value 265,593 218,663
TOTAL, Gross Unrealized (Losses) (9,463) (1,247)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,360,741 1,016,478
Gross Unrealized Gains 232 9,728
Gross Unrealized (Losses) (74,855) (9,177)
Fair Value 1,286,118 1,017,029
LESS THAN 12 MONTHS, Fair Value 1,014,462 759,035
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (58,435) (7,418)
OVER 12 MONTHS, Fair Value 206,040 60,792
OVER 12 MONTHS, Gross Unrealized (Losses) (16,420) (1,759)
TOTAL, Fair Value 1,220,502 819,827
TOTAL, Gross Unrealized (Losses) (74,855) (9,177)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,136,832 1,855,084
Gross Unrealized Gains 3,451 21,339
Gross Unrealized (Losses) (96,805) (11,524)
Fair Value 2,043,478 1,864,899
LESS THAN 12 MONTHS, Fair Value 1,458,161 987,191
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (75,171) (8,801)
OVER 12 MONTHS, Fair Value 318,751 152,345
OVER 12 MONTHS, Gross Unrealized (Losses) (21,634) (2,723)
TOTAL, Fair Value 1,776,912 1,139,536
TOTAL, Gross Unrealized (Losses) $ (96,805) $ (11,524)
v3.22.1
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 47,287 $ 56,669
Gross Unrealized Gains 0 193
Gross Unrealized (Losses) (1,851) (471)
Fair Value 45,436 56,391
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 45,437 26,096
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,851) (471)
OVER 12 MONTHS, Fair Value 0 0
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0
TOTAL, Fair Value 45,437 26,096
TOTAL, Gross Unrealized (Losses) (1,851) (471)
Amortized Cost    
Due after ten years 44,369 52,944
Total 44,369 52,944
Mortgage-backed securities 2,918 3,725
Fair Value    
Due after ten years 42,601 52,576
Total 42,601 52,576
Mortgage-backed securities 2,835 3,815
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 44,369 52,944
Gross Unrealized Gains 0 103
Gross Unrealized (Losses) (1,768) (471)
Fair Value 42,601 52,576
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 42,602 26,096
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1,768) (471)
OVER 12 MONTHS, Fair Value 0 0
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0
TOTAL, Fair Value 42,602 26,096
TOTAL, Gross Unrealized (Losses) (1,768) (471)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 2,918 3,725
Gross Unrealized Gains 0 90
Gross Unrealized (Losses) (83) 0
Fair Value 2,835 $ 3,815
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 2,835  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (83)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 2,835  
TOTAL, Gross Unrealized (Losses) $ (83)  
v3.22.1
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 3,726,093   $ 3,607,815      
Net deferred loan origination costs 4,097   1,748      
Total gross loans and leases 3,730,190   3,609,563      
Allowance for credit losses (88,552)   (68,281)      
Total loans and leases, net 3,641,638   3,541,282      
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 1,111,076   961,019      
Allowance for credit losses (27,568) $ (26,722) (29,351) $ (27,315) $ (28,220) $ (15,211)
National Lending | Asset based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 382,355   300,225      
Allowance for credit losses (2,583) (2,758) (1,726) (1,749) (1,809) (1,406)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 394,865   363,670      
Allowance for credit losses (6,526) (15,242) (3,997) (3,210) (3,719) (3,027)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 235,397   266,050      
Allowance for credit losses (6,471) (6,857) (7,629) (6,863) (6,784) (7,023)
National Lending | Insurance premium finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 403,681   428,867      
Allowance for credit losses (1,057) (1,044) (1,394) (1,326) (1,285) (2,129)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 214,195   247,756      
Allowance for credit losses (2,943) (2,996) (2,978) (3,300) (3,164) (940)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 173,260   157,908      
Allowance for credit losses (1,197) (1,349) (1,168) (541) (479) (182)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 2,914,829   2,725,495      
Allowance for credit losses (48,345) (56,968) (48,243) (44,304) (45,460) (29,918)
National Lending | Consumer credit products            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 171,847   129,251      
Allowance for credit losses (1,621) (1,627) (1,242) (990) (835) (845)
National Lending | Other consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 111,922   123,606      
Allowance for credit losses (7,388) (6,960) (6,112) (10,093) (10,176) (2,821)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 283,769   252,857      
Allowance for credit losses (9,009) (8,587) (7,354) (11,083) (11,011) (3,666)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 85,999   10,405      
Allowance for credit losses (30,757) (1,601) (2) (29,146) (1,412) (2)
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 441,496   419,926      
Allowance for credit losses (441) (467) (420) (332) (319) $ (294)
Community Banking            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 0   $ 199,132      
Allowance for credit losses $ 0 $ 0   $ (14,027) $ (14,187)  
v3.22.1
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases to held for sale $ 169,045 $ 99,922  
Originated loans held for sale 555,397 361,722  
Proceeds from sale of loans held-for-sale 723,900 476,000  
Gain (loss) on sale of loans and leases (4,100) 4,600  
Loans and leases 3,730,190   $ 3,609,563
Community Bank      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Servicing fee expense 200 1,600 3,300
Additional loans sold $ 192,500 233,000 308,100
COVID-19 Pandemic      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Trial modifications, threshold of past due days prior to onset of pandemic effects 30 days    
Loans and leases still in deferment period $ 400    
Consumer finance portfolio segment      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 283,800   252,900
Tax services loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 86,000   $ 10,400
National Lending | Consumer Finance and SBA/USDA Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale $ 555,400 $ 361,700  
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    
v3.22.1
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment $ 31,200 $ 34,153 $ 88,913 $ 99,083
Loans Sold, Loans held for sale     723,942 575,931
Loans Sold, Total sales 176,802 24,382 769,726 476,034
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 1,378 0 3,098 0
Loans Sold, Loans held for sale 14,090 4,591 47,113 34,915
Loans Sold, Loans held for investment 15,549 0 15,549 0
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 29,822 33,605 85,815 96,236
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Sold, Loans held for sale 147,163 19,791 523,607 311,331
Community Banking        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Loans held for investment 0 548 0 2,847
Loans Sold, Loans held for sale 0 0 153,222 129,788
Loans Sold, Loans held for investment $ 0 $ 0 $ 30,235 $ 0
v3.22.1
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Net Investment in Lease [Abstract]    
Carrying amount $ 244,030 $ 278,341
Unguaranteed residual assets 13,009 14,393
Unamortized initial direct costs 406 490
Unearned income (21,642) (26,684)
Total net investment in direct financing and sales-type leases 235,803 $ 266,540
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]    
Remaining in 2022 52,751  
2023 90,718  
2024 59,489  
2025 28,337  
2026 9,087  
Thereafter 3,648  
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 244,030  
Third-party residual value guarantees 0  
Total carrying amount of direct financing and sales-type leases $ 244,030  
v3.22.1
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Allowance for Credit Losses [Roll Forward]        
Beginning Balance     $ 68,281  
Provision (Reversal) $ 32,302 $ 30,290 32,488 $ 36,379
Ending Balance 88,552   88,552  
Total Committed Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 67,623 72,389 68,281 56,188
Provision (Reversal) 32,156 30,199 32,627 36,463
Charge-offs (12,415) (4,249) (17,274) (9,923)
Recoveries 1,188 553 4,918 3,391
Ending Balance 88,552 98,892 88,552 98,892
Total Committed Loans | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       12,773
Unfunded commitments        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 405 688 690 32
Provision (Reversal) 146 91 (139) (84)
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 551 779 551 779
Unfunded commitments | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       831
Total Loans        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 68,028 73,077 68,971 56,220
Provision (Reversal) 32,302 30,290 32,488 36,379
Charge-offs (12,415) (4,249) (17,274) (9,923)
Recoveries 1,188 553 4,918 3,391
Ending Balance 89,103 99,671 89,103 99,671
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 26,722 28,220 29,351 15,211
Provision (Reversal) 1,954 1,396 1,095 7,422
Charge-offs (1,822) (2,477) (3,906) (5,789)
Recoveries 714 176 1,028 472
Ending Balance 27,568 27,315 27,568 27,315
National Lending | Term lending | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       9,999
National Lending | Asset based lending        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 2,758 1,809 1,726 1,406
Provision (Reversal) (175) 539 736 1,378
Charge-offs 0 (599) (16) (1,199)
Recoveries 0 0 137 0
Ending Balance 2,583 1,749 2,583 1,749
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 15,242 3,719 3,997 3,027
Provision (Reversal) 823 (545) 13,324 (1,961)
Charge-offs (9,590) 0 (10,864) (1)
Recoveries 51 36 69 1,158
Ending Balance 6,526 3,210 6,526 3,210
National Lending | Factoring | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       987
National Lending | Lease financing        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 6,857 6,784 7,629 7,023
Provision (Reversal) (395) 420 (1,217) 1,532
Charge-offs (95) (471) (112) (1,347)
Recoveries 104 130 171 211
Ending Balance 6,471 6,863 6,471 6,863
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 1,044 1,285 1,394 2,129
Provision (Reversal) 59 103 (211) 591
Charge-offs (106) (149) (283) (805)
Recoveries 60 87 157 376
Ending Balance 1,057 1,326 1,057 1,326
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 2,996 3,164 2,978 940
Provision (Reversal) (53) 136 180 (361)
Charge-offs 0 0 (217) 0
Recoveries 0 0 2 1
Ending Balance 2,943 3,300 2,943 3,300
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 1,349 479 1,168 182
Provision (Reversal) (152) 62 29 (5)
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 1,197 541 1,197 541
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 56,968 45,460 48,243 29,918
Provision (Reversal) 2,061 2,111 13,936 8,596
Charge-offs (11,613) (3,696) (15,398) (9,141)
Recoveries 929 429 1,564 2,218
Ending Balance 48,345 44,304 48,345 44,304
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 1,627 835 1,242 845
Provision (Reversal) (6) 155 379 145
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 1,621 990 1,621 990
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 6,960 10,176 6,112 2,821
Provision (Reversal) 1,157 266 2,718 1,748
Charge-offs (802) (419) (1,622) (637)
Recoveries 73 70 180 163
Ending Balance 7,388 10,093 7,388 10,093
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 8,587 11,011 7,354 3,666
Provision (Reversal) 1,151 421 3,097 1,893
Charge-offs (802) (419) (1,622) (637)
Recoveries 73 70 180 163
Ending Balance 9,009 11,083 9,009 11,083
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 1,601 1,412 2 2
Provision (Reversal) 28,972 27,680 28,259 28,134
Charge-offs 0 0 (254) 0
Recoveries 184 54 2,750 1,010
Ending Balance 30,757 29,146 30,757 29,146
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 467 319 420 294
Provision (Reversal) (26) 13 21 39
Charge-offs 0 0 0 0
Recoveries 0 0 0 0
Ending Balance 441 332 441 332
National Lending | Warehouse finance | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       (1)
Community Banking        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance 0 14,187    
Provision (Reversal) (2) (26)    
Charge-offs 0 (134)    
Recoveries 2 0    
Ending Balance 0 14,027 0 14,027
Community banking        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance     12,262 22,308
Provision (Reversal)     (12,686) (2,199)
Charge-offs     0 (145)
Recoveries     424 0
Ending Balance $ 0 $ 14,027 $ 0 14,027
Community banking | Adjustment        
Allowance for Credit Losses [Roll Forward]        
Beginning Balance       $ (5,937)
v3.22.1
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance $ 106,588 $ 41,030 $ 106,588 $ 41,030
Average recorded investment 30,956 37,134 32,193 33,304
National Lending | Term lending        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 60,400 20,965 60,400 20,965
Average recorded investment 10,688 12,729 12,305 13,802
National Lending | Asset based lending        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 5,992 0 5,992 0
Average recorded investment 5,993 572 5,002 823
National Lending | Factoring        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 26,625 1,268 26,625 1,268
Average recorded investment 9,791 44 11,019 490
National Lending | Lease financing        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 12,289 3,882 12,289 3,882
Average recorded investment 3,020 2,990 3,027 3,273
National Lending | SBA/USDA        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 1,282 0 1,282 0
Average recorded investment 1,464 600 840 600
National Lending | Commercial finance        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 106,588 26,115 106,588 26,115
Average recorded investment 30,956 16,935 32,193 18,988
Community Banking        
Financing Receivable, Impaired [Line Items]        
Impaired loans, unpaid balance 0 14,915 0 14,915
Average recorded investment $ 0 $ 20,199 $ 0 $ 14,316
v3.22.1
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases $ 3,730,190 $ 3,609,563
Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 668,123 1,012,088
2021 506,193 303,727
2020 238,553 105,274
2019 85,565 60,727
2018 56,954 20,605
Prior 83,138 66,655
Revolving Loans and Leases 974,176 899,481
Total gross loans and leases 2,612,702 2,468,557
Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 29,036 85,369
2021 124,918 140,131
2020 101,830 47,620
2019 33,872 37,132
2018 6,605 9,057
Prior 3,898 3,926
Revolving Loans and Leases 130,081 70,056
Total gross loans and leases 430,240 393,291
Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 2,337 21,882
2021 25,357 55,606
2020 25,359 45,099
2019 4,385 5,826
2018 4,887 307
Prior 4,177 1,552
Revolving Loans and Leases 74,995 76,171
Total gross loans and leases 141,497 206,443
Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 6,604 19,584
2021 30,888 25,613
2020 41,029 90,900
2019 30,215 63,338
2018 11,633 17,891
Prior 8,077 8,762
Revolving Loans and Leases 39,436 38,113
Total gross loans and leases 167,882 264,201
Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 198 310
2021 572 1,822
2020 1,266 4,158
2019 1,871 5,770
2018 69 1
Prior 0 0
Revolving Loans and Leases 28 0
Total gross loans and leases 4,004 12,061
Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 706,298 1,139,233
2021 687,928 526,899
2020 408,037 293,051
2019 155,908 172,793
2018 80,148 47,861
Prior 99,290 80,895
Revolving Loans and Leases 1,218,716 1,083,821
Total gross loans and leases 3,356,325 3,344,553
National Lending | Term lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 258,394 362,443
2021 285,900 192,305
2020 158,324 63,708
2019 55,586 34,381
2018 37,818 3,195
Prior 7,731 1,236
Revolving Loans and Leases 0 0
Total gross loans and leases 803,753 657,268
National Lending | Term lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 27,001 63,046
2021 94,061 71,701
2020 55,194 32,941
2019 23,806 21,419
2018 2,776 76
Prior 2,511 3,628
Revolving Loans and Leases 0 0
Total gross loans and leases 205,349 192,811
National Lending | Term lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 1,603 6,422
2021 9,254 26,673
2020 16,083 4,821
2019 3,761 932
2018 607 70
Prior 2,954 633
Revolving Loans and Leases 0 0
Total gross loans and leases 34,262 39,551
National Lending | Term lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 6,423 18,569
2021 15,352 16,810
2020 23,760 26,920
2019 14,961 3,529
2018 2,181 928
Prior 3,201 641
Revolving Loans and Leases 0 0
Total gross loans and leases 65,878 67,397
National Lending | Term lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 198 252
2021 346 1,673
2020 545 1,756
2019 676 311
2018 69 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 1,834 3,992
National Lending | Term lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 293,619 450,732
2021 404,913 309,162
2020 253,906 130,146
2019 98,790 60,572
2018 43,451 4,269
Prior 16,397 6,138
Revolving Loans and Leases 0 0
Total gross loans and leases 1,111,076 961,019
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 234,134 185,432
Total gross loans and leases 234,134 185,432
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 83,379 52,072
Total gross loans and leases 83,379 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 49,695 43,135
Total gross loans and leases 49,695 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 15,147 19,586
Total gross loans and leases 15,147 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 382,355 300,225
Total gross loans and leases 382,355 300,225
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 298,546 294,124
Total gross loans and leases 298,546 294,124
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 46,702 17,984
Total gross loans and leases 46,702 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 25,300 33,035
Total gross loans and leases 25,300 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 24,289 18,527
Total gross loans and leases 24,289 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 28  
Total gross loans and leases 28  
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 394,865 363,670
Total gross loans and leases 394,865 363,670
National Lending | Lease financing | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 22,840 54,434
2021 52,747 73,629
2020 57,885 17,153
2019 9,223 7,511
2018 4,703 1,857
Prior 222 203
Revolving Loans and Leases 0 0
Total gross loans and leases 147,620 154,787
National Lending | Lease financing | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 1,021 22,061
2021 10,724 20,455
2020 13,759 9,274
2019 7,221 2,739
2018 2,418 1,454
Prior 43 0
Revolving Loans and Leases 0 0
Total gross loans and leases 35,186 55,983
National Lending | Lease financing | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 730 15,402
2021 15,835 20,595
2020 7,658 4,148
2019 411 1,546
2018 310 61
Prior 238 0
Revolving Loans and Leases 0 0
Total gross loans and leases 25,182 41,752
National Lending | Lease financing | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 15 479
2021 5,561 4,765
2020 11,160 4,981
2019 7,700 831
2018 1,210 25
Prior 22 0
Revolving Loans and Leases 0 0
Total gross loans and leases 25,668 11,081
National Lending | Lease financing | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 140 6
2020 406 2,402
2019 1,195 38
2018 0 1
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 1,741 2,447
National Lending | Lease financing | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 24,606 92,376
2021 85,007 119,450
2020 90,868 37,958
2019 25,750 12,665
2018 8,641 3,398
Prior 525 203
Revolving Loans and Leases 0 0
Total gross loans and leases 235,397 266,050
National Lending | Insurance premium finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 337,078 428,131
2021 65,850 144
2020 24 9
2019 2 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 402,954 428,284
National Lending | Insurance premium finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 110 262
2021 133 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 243 267
National Lending | Insurance premium finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 4 58
2021 268 5
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 272 63
National Lending | Insurance premium finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 68
2021 148 107
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 148 175
National Lending | Insurance premium finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 58
2021 64 20
2020 0 0
2019 0 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 64 78
National Lending | Insurance premium finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 337,192 428,577
2021 66,463 281
2020 24 9
2019 2 0
2018 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 403,681 428,867
National Lending | SBA/USDA | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 29,689 110,122
2021 72,935 37,006
2020 21,521 14,461
2019 11,737 12,760
2018 12,299 6,525
Prior 8,786 3,779
Revolving Loans and Leases 0 0
Total gross loans and leases 156,967 184,653
National Lending | SBA/USDA | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 904 0
2021 0 20,431
2020 19,595 1,996
2019 2,845 1,670
2018 968 1,394
Prior 1,344 298
Revolving Loans and Leases 0 0
Total gross loans and leases 25,656 25,789
National Lending | SBA/USDA | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 8,333
2020 1,618 214
2019 213 3,348
2018 3,970 177
Prior 985 919
Revolving Loans and Leases 0 0
Total gross loans and leases 6,786 12,991
National Lending | SBA/USDA | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 0 3,812
2020 6,109 9,550
2019 7,554 8,079
2018 7,975 2,169
Prior 2,811 713
Revolving Loans and Leases 0 0
Total gross loans and leases 24,449 24,323
National Lending | SBA/USDA | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0  
2021 22  
2020 315  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 337  
National Lending | SBA/USDA | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 30,593 110,122
2021 72,957 69,582
2020 49,158 26,221
2019 22,349 25,857
2018 25,212 10,265
Prior 13,926 5,709
Revolving Loans and Leases 0 0
Total gross loans and leases 214,195 247,756
National Lending | Other commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,122 56,957
2021 28,761 642
2020 799 5,786
2019 9,017 6,075
2018 2,134 3,345
Prior 66,399 60,965
Revolving Loans and Leases 0 0
Total gross loans and leases 127,232 133,770
National Lending | Other commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 0 0
2021 20,000 17,404
2020 13,282 3,409
2019 0 451
2018 443 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 33,725 21,264
National Lending | Other commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 166 466
2021 9,827 0
2020 0 0
2019 0 273
2018 267 837
Prior 2,043 1,299
Revolving Loans and Leases 0 0
Total gross loans and leases 12,303 2,875
National Lending | Other commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2022 20,288 57,423
2021 58,588 18,046
2020 14,081 9,195
2019 9,017 6,799
2018 2,844 4,182
Prior 68,442 62,264
Revolving Loans and Leases 0 0
Total gross loans and leases 173,260 157,909
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 441,496 419,926
Total gross loans and leases 441,496 419,926
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 441,496 419,926
Total gross loans and leases $ 441,496 419,926
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
v3.22.1
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 3,730,190 $ 3,609,563
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,757,503 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 3,726,093 3,607,815
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 31,410 56,194
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,111,076 961,019
Accruing and Nonaccruing Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 382,355 300,225
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 394,865 363,670
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 235,397 266,050
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 403,681 428,867
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 214,195 247,756
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 173,260 157,908
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,914,829 2,725,495
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 171,847 129,251
Accruing and Nonaccruing Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 111,922 123,606
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 283,769 252,857
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 85,999 10,405
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 441,496 419,926
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 31,290 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 31,290 19,945
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,081 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 7 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 4,932 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 1,149 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 1,462 66
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 24,631 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 4,092 713
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 1,737 963
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,829 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 830 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 8,049 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 8,049 8,200
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,495 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 0 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 768 375
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 311 974
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 2,574 7,388
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,489 527
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 1,986 285
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,475 812
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 16,808 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 16,808 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 5,243 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 4,199 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 955 599
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,597 987
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 11,994 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 3,050 511
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,764 725
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,814 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 56,147 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 56,147 52,782
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 23,819 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 7 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 9,131 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 2,872 2,389
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,370 2,027
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 39,199 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 10,631 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 5,487 1,973
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 16,118 3,724
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 830 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 3,701,356 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 3,669,946 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 31,410 56,194
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,087,257 940,985
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 382,348 300,225
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 394,865 363,670
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 226,266 249,404
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 400,809 426,478
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 210,825 245,729
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 173,260 157,908
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,875,630 2,684,399
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 161,216 127,500
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 106,435 121,633
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 267,651 249,133
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 85,169 2,443
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 441,496 419,926
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 35,842 55,932
Nonaccrual Balance 25,327 34,245
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 35,842 55,932
Nonaccrual Balance 25,327 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 11,683 17,462
Nonaccrual Balance 10,283 14,904
Nonperforming Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 5,996 0
Nonaccrual Balance 5,996 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,961 1,268
Nonaccrual Balance 3,961 1,268
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 6,410 11,503
Nonaccrual Balance 3,064 3,158
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 955 599
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,023 987
Nonaccrual Balance 2,023 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 31,028 31,819
Nonaccrual Balance 25,327 19,330
Nonperforming Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,050 511
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,764 725
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,814 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 10,515 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 10,515 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 1,400 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 3,346 8,345
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 955 599
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 987
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 5,701 12,489
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,050 511
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,764 725
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,814 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
v3.22.1
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Financing Receivable, Nonaccrual [Line Items]    
Loans and leases $ 3,730,190 $ 3,609,563
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2022 158  
2021 710  
2020 4,128  
2019 9,041  
2018 888  
Prior 445  
Revolving Loans and Leases 9,957  
Loans and leases 25,327  
Nonaccrual with No ACL 6,483  
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 158  
2021 688  
2020 2,018  
2019 6,851  
2018 448  
Prior 120  
Revolving Loans and Leases 0  
Loans and leases 10,283  
Nonaccrual with No ACL 2,958  
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 5,996  
Loans and leases 5,996  
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 3,961  
Loans and leases 3,961  
Nonaccrual with No ACL 3,525  
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 0  
2020 420  
2019 2,190  
2018 440  
Prior 14  
Revolving Loans and Leases 0  
Loans and leases 3,064  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2022 0  
2021 22  
2020 1,690  
2019 0  
2018 0  
Prior 311  
Revolving Loans and Leases 0  
Loans and leases 2,023  
Nonaccrual with No ACL 0  
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 158  
2021 710  
2020 4,128  
2019 9,041  
2018 888  
Prior 445  
Revolving Loans and Leases 9,957  
Loans and leases 25,327  
Nonaccrual with No ACL 6,483  
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2022 3,442  
2021 4,886  
2020 991  
2019 352  
2018 148  
Prior 696  
Revolving Loans and Leases 0  
Loans and leases 10,515  
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2022 421  
2021 330  
2020 549  
2019 100  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 1,400  
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2022 1,680  
2021 883  
2020 398  
2019 161  
2018 128  
Prior 96  
Revolving Loans and Leases 0  
Loans and leases 3,346  
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 188  
2021 762  
2020 5  
2019 0  
2018 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 955  
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 2,289  
2021 1,975  
2020 952  
2019 261  
2018 128  
Prior 96  
Revolving Loans and Leases 0  
Loans and leases 5,701  
90 or More Days Delinquent and Accruing | National Lending | Consumer credit products    
Financing Receivable, Nonaccrual [Line Items]    
2022 119  
2021 2,781  
2020 39  
2019 91  
2018 20  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 3,050  
90 or More Days Delinquent and Accruing | National Lending | Other consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 1,034  
2021 130  
2020 0  
2019 0  
2018 0  
Prior 600  
Revolving Loans and Leases 0  
Loans and leases 1,764  
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2022 1,153  
2021 2,911  
2020 39  
2019 91  
2018 20  
Prior 600  
Revolving Loans and Leases 0  
Loans and leases $ 4,814  
v3.22.1
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
National Lending | Commercial finance        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 200,000 $ 2,100,000 $ 10,300,000 $ 2,100,000
TDRs subsequent default, recorded investment     2,600,000  
National Lending | Consumer finance        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 200,000   200,000 100,000
TDRs subsequent default, recorded investment     $ 800,000 100,000
Community Banking        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment   $ 0   0
TDRs subsequent default, recorded investment       $ 0
v3.22.1
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Basic income per common share:        
Net income attributable to Meta Financial Group, Inc. $ 49,251 $ 59,066 $ 110,575 $ 87,103
Dividends and undistributed earnings allocated to participating securities (815) (1,113) (1,773) (1,683)
Basic net earnings available to common stockholders 48,436 57,953 108,802 85,420
Undistributed earnings allocated to nonvested restricted stockholders 791 1,083 1,724 1,620
Reallocation of undistributed earnings to nonvested restricted stockholders (791) (1,082) (1,723) (1,619)
Diluted net earnings available to common stockholders $ 48,436 $ 57,954 $ 108,803 $ 85,421
Total weighted average common shares outstanding (in shares) 29,212,301 31,520,505 29,731,797 32,158,994
Effect of dilutive securities        
Total effect of dilutive securities (in shares) 12,061 14,517 17,035 16,490
Weighted average dilutive common shares outstanding (in shares) 29,224,362 31,535,022 29,748,832 32,175,484
Net earnings per common share:        
Basic income per common share (in dollars per share) $ 1.66 $ 1.84 $ 3.66 $ 2.66
Diluted income per common share (in dollars per share) $ 1.66 $ 1.84 $ 3.66 $ 2.65
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 491,621 605,459 484,457 633,553
Performance share units        
Effect of dilutive securities        
Outstanding options - based upon the two-class method (in shares) 12,061 14,517 17,035 16,490
v3.22.1
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Property, Plant and Equipment [Line Items]    
Total $ 291,164 $ 279,364
Accumulated depreciation (79,579) (67,825)
Unamortized initial direct costs 1,448 1,577
Net book value 213,033 213,116
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 21,125 17,683
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 97,106 87,396
Office furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 44,382 48,828
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 128,551 $ 125,457
v3.22.1
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Mar. 31, 2022
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2022 $ 19,801
2023 34,172
2024 26,211
2025 18,884
2026 10,789
Thereafter 14,332
Total undiscounted future minimum lease payments receivable for operating leases $ 124,189
v3.22.1
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]    
Total goodwill $ 309,505,000 $ 309,505,000
Goodwill, accumulated impairment 0  
Asset impairment charges $ 0 $ 0
v3.22.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 33,148 $ 41,692
Acquisitions during the period 1 5
Amortization during the period (3,657) (4,770)
Write-offs during the period (202) (24)
Ending Balance 29,290 36,903
Gross carrying amount 109,133 109,316
Accumulated amortization (69,377) (61,947)
Accumulated impairment (10,466) (10,466)
Total anticipated intangible amortization 29,290 36,903
Trademarks    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 9,823 10,901
Acquisitions during the period 0 0
Amortization during the period (526) (544)
Write-offs during the period 0 0
Ending Balance 9,297 10,357
Gross carrying amount 14,624 14,624
Accumulated amortization (5,327) (4,267)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 9,297 10,357
Trademarks | Minimum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 5 years  
Trademarks | Maximum    
Finite-lived Intangible Assets [Roll Forward]    
Useful life 15 years  
Noncompete    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 40 422
Acquisitions during the period 0 0
Amortization during the period (40) (191)
Write-offs during the period 0 0
Ending Balance 0 231
Gross carrying amount 2,481 2,481
Accumulated amortization (2,481) (2,250)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 0 231
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 (2,829) (3,716)
Write-offs during the period 0 0
Ending Balance 15,039 20,617
Gross carrying amount 82,088 82,088
Accumulated amortization (56,801) (51,223)
Accumulated impairment (10,248) (10,248)
Total anticipated intangible amortization $ 15,039 20,617
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 (262) (319)
Write-offs during the period (202) (24)
Ending Balance 4,954 5,698
Gross carrying amount 9,940 10,123
Accumulated amortization (4,768) (4,207)
Accumulated impairment (218) (218)
Total anticipated intangible amortization $ 4,954 $ 5,698
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  
v3.22.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2022 $ 2,763      
2023 5,101      
2024 4,383      
2025 3,826      
2026 3,252      
Thereafter 9,965      
Total anticipated intangible amortization $ 29,290 $ 33,148 $ 36,903 $ 41,692
v3.22.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Leases [Abstract]    
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease, right-of-use asset $ 31,800 $ 36,100
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 33,645 $ 38,100
v3.22.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Leases [Abstract]    
Remaining in 2022 $ 2,192  
2023 3,892  
2024 3,854  
2025 3,718  
2026 3,195  
Thereafter 21,732  
Total undiscounted future minimum lease payments 38,583  
Discount (4,938)  
Total operating lease liabilities $ 33,645 $ 38,100
v3.22.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Leases [Abstract]        
Weighted-average discount rate 2.34%   2.34%  
Weighted-average remaining lease term (years) 10 years 9 months   10 years 9 months  
Lease expense $ 1,119 $ 991 $ 2,256 $ 1,945
Short-term and variable lease cost 40 69 75 132
ROU asset impairment 0 0 0 224
Sublease income (355) (177) (531) (285)
Total lease cost for operating leases $ 804 $ 883 $ 1,800 $ 2,016
v3.22.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Sep. 07, 2021
Nov. 20, 2019
Equity, Class of Treasury Stock [Line Items]        
Stock repurchased during the period (in shares) 64,536 84,121    
Stock repurchased during the period, value $ 3.7 $ 1.9    
Common Stock        
Equity, Class of Treasury Stock [Line Items]        
Shares authorized to be repurchased (in shares)     6,000,000 7,500,000
Stock repurchased under repurchase program (in shares) 2,447,699 2,599,458    
Remaining number of shares authorized to be repurchased (in shares) 4,868,177      
v3.22.1
STOCK COMPENSATION (Details)
$ / shares in Units, $ in Millions
 6 Months Ended
Mar. 31, 2022
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options exercisable (in shares) 0
Weighted Average Fair Value at Grant  
Stock based compensation expense not yet recognized in income | $ $ 10.8
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 7 months 17 days
Restricted Shares  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 547,063
Granted (in shares) 161,930
Vested (in shares) (197,423)
Forfeited or expired (in shares) (11,788)
Nonvested shares outstanding, end of period (in shares) 499,782
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 57.37
Vested (in dollars per share) | $ / shares 34.29
Forfeited or expired (in dollars per share) | $ / shares 42.19
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 37.13
Performance share units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 60,984
Granted (in shares) 35,705
Vested (in shares) 0
Forfeited or expired (in shares) 0
Nonvested shares outstanding, end of period (in shares) 96,689
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 34.03
Granted (in dollars per share) | $ / shares 57.20
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 42.59
v3.22.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Tax Disclosure [Abstract]        
Income tax expense (benefit) $ 8,002 $ 1,133 $ 22,278 $ 4,665
Effective tax rate     16.66% 4.97%
v3.22.1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 27,899 $ 19,271
Tax-exempt income     (362) (486)
State income taxes     5,543 4,135
Interim period effective rate adjustment     (3,870) (3,116)
Tax credit investments, net - federal     (5,978) (15,464)
Research tax credit     (355) (323)
IRC 162(m) nondeductible compensation     505 487
Other, net     (1,104) 161
Income tax expense $ 8,002 $ 1,133 $ 22,278 $ 4,665
Effective tax rate     16.66% 4.97%
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Disaggregation of Revenue [Line Items]        
Net interest income $ 83,800 $ 73,850 $ 155,413 $ 139,849
Net realized (gain) on securities available for sale, net 260 6 397 6
Gain on sale of trademarks 0 0 50,000 0
Gain (loss) on sale of other 626 2,133 (2,839) 4,981
Other income 3,881 4,218 5,542 11,532
Noninterest income 109,766 113,453 196,357 158,908
Revenue 193,566 187,303 351,770 298,757
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 27,805 22,680 28,384 23,327
Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 39,299 44,562 40,532 46,522
Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 26,270 29,875 51,402 52,439
Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 250 133 487 370
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 11,375 9,846 22,452 19,731
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 30,156 25,085 56,427 47,432
Net realized (gain) on securities available for sale, net 0 0 0 0
Gain on sale of trademarks     0 0
Gain (loss) on sale of other 0 0 0 0
Other income 1,387 919 2,152 1,078
Noninterest income 94,761 98,041 122,470 123,376
Revenue 124,917 123,126 178,897 170,808
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 27,805 22,680 28,384 23,327
Consumer | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 39,299 44,562 40,532 46,522
Consumer | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 26,270 29,875 51,402 52,439
Consumer | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 5 0 10
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 44,879 42,404 89,805 84,252
Net realized (gain) on securities available for sale, net 0 0 0 0
Gain on sale of trademarks     0 0
Gain (loss) on sale of other 1,229 1,624 6,093 4,216
Other income 2,839 2,349 5,624 4,809
Noninterest income 15,537 13,940 34,494 29,106
Revenue 60,416 56,344 124,299 113,358
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 244 126 475 360
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 11,225 9,841 22,302 19,721
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 8,765 6,361 9,181 8,165
Net realized (gain) on securities available for sale, net 260 6 397 6
Gain on sale of trademarks     50,000 0
Gain (loss) on sale of other (603) 509 (8,932) 765
Other income (345) 950 (2,234) 5,645
Noninterest income (532) 1,472 39,393 6,426
Revenue 8,233 7,833 48,574 14,591
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Payments card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 6 7 12 10
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 150 $ 0 $ 150 $ 0
v3.22.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($)
Mar. 31, 2022
Sep. 30, 2021
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Accounts receivable, before allowance for credit loss, current $ 0 $ 0
v3.22.1
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2022
USD ($)
segment
Mar. 31, 2021
USD ($)
Sep. 30, 2021
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     3    
Segment data [Abstract]          
Net interest income $ 83,800 $ 73,850 $ 155,413 $ 139,849  
Provision (Reversal) 32,302 30,290 32,488 36,379  
Noninterest income 109,766 113,453 196,357 158,908  
Noninterest expense 103,160 95,971 185,596 168,546  
Income before income tax expense 58,104 61,042 133,686 93,832  
Total assets 6,887,239 9,790,123 6,887,239 9,790,123 $ 6,690,650
Total goodwill 309,505 309,505 309,505 309,505  
Total deposits 5,829,886 8,642,413 5,829,886 8,642,413  
Consumer          
Segment data [Abstract]          
Net interest income 30,156 25,085 56,427 47,432  
Provision (Reversal) 29,685 28,020 30,946 30,386  
Noninterest income 94,761 98,041 122,470 123,376  
Noninterest expense 29,892 30,189 49,553 48,351  
Income before income tax expense 65,340 64,917 98,398 92,071  
Total assets 456,335 531,305 456,335 531,305  
Total goodwill 87,145 87,145 87,145 87,145  
Total deposits 5,693,063 8,447,910 5,693,063 8,447,910  
Commercial          
Segment data [Abstract]          
Net interest income 44,879 42,404 89,805 84,252  
Provision (Reversal) 2,205 2,203 13,797 8,670  
Noninterest income 15,537 13,940 34,494 29,106  
Noninterest expense 31,457 27,829 64,504 54,997  
Income before income tax expense 26,754 26,312 45,998 49,691  
Total assets 3,355,196 3,030,088 3,355,196 3,030,088  
Total goodwill 222,360 222,360 222,360 222,360  
Total deposits 6,882 12,177 6,882 12,177  
Corporate Services/Other          
Segment data [Abstract]          
Net interest income 8,765 6,361 9,181 8,165  
Provision (Reversal) 412 67 (12,255) (2,677)  
Noninterest income (532) 1,472 39,393 6,426  
Noninterest expense 41,811 37,953 71,539 65,198  
Income before income tax expense (33,990) (30,187) (10,710) (47,930)  
Total assets 3,075,708 6,228,730 3,075,708 6,228,730  
Total goodwill 0 0 0 0  
Total deposits $ 129,941 $ 182,326 $ 129,941 $ 182,326  
v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,853 12,668
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 2,043,478 1,864,899
Common equities and mutual funds 0 0
Level 3    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 0 0
Common equities and mutual funds 0 0
Recurring    
Available-for-sale debt securities [Abstract]    
Corporate securities 23,250 25,000
SBA securities 137,400 157,209
Obligations of states and political subdivisions 2,706 2,507
Non-bank qualified obligations of states and political subdivisions 240,423 268,295
Asset-backed securities 353,581 394,859
Mortgage-backed securities 1,286,118 1,017,029
Total debt securities AFS 2,043,478 1,864,899
Common equities and mutual funds 3,853 12,668
Non-marketable equity securities 6,165 4,560
Recurring | Level 1    
Available-for-sale debt securities [Abstract]    
Corporate securities 0 0
SBA securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-backed securities 0 0
Mortgage-backed securities 0 0
Total debt securities AFS 0 0
Common equities and mutual funds 3,853 12,668
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 23,250 25,000
SBA securities 137,400 157,209
Obligations of states and political subdivisions 2,706 2,507
Non-bank qualified obligations of states and political subdivisions 240,423 268,295
Asset-backed securities 353,581 394,859
Mortgage-backed securities 1,286,118 1,017,029
Total debt securities AFS 2,043,478 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
v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details)
$ in Thousands
 6 Months Ended
Mar. 31, 2022
USD ($)
Sep. 30, 2021
USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net $ 112 $ 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 3,642,987 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 $ 8,006 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 $ 112 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 $ 8,118 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 8,118 14,852
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,006 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 8,006 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 8,006 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 8,006 12,775
Nonrecurring | Foreclosed assets, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 112 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 $ 112 $ 2,077
v3.22.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Financial assets    
Fair Value $ 45,436 $ 56,391
Level 1    
Financial assets    
Cash and cash equivalents 237,680 314,019
Debt securities available for sale 0 0
Fair Value 0 0
Common equities and mutual funds 3,853 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 19,115 16,254
Financial liabilities    
Deposits 5,818,128 5,482,471
Other short- and long-term borrowings 0 0
Accrued interest payable 571 579
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 2,043,478 1,864,899
Fair Value 45,436 56,391
Common equities and mutual funds 0 0
Non-marketable equity securities 17,949 12,949
Loans held for sale 31,410 56,194
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 0 0
Financial liabilities    
Deposits 11,663 32,564
Other short- and long-term borrowings 92,216 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 3,642,987 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 237,680 314,019
Debt securities available for sale 2,043,478 1,864,899
Fair Value 47,287 56,669
Common equities and mutual funds 3,853 12,668
Non-marketable equity securities 24,114 17,509
Loans held for sale 31,410 56,194
Loans and leases 3,726,093 3,607,815
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 19,115 16,254
Financial liabilities    
Deposits 5,829,886 5,514,971
Other short- and long-term borrowings 91,386 92,834
Accrued interest payable 571 579
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 237,680 314,019
Debt securities available for sale 2,043,478 1,864,899
Fair Value 45,436 56,391
Common equities and mutual funds 3,853 12,668
Non-marketable equity securities 24,114 17,509
Loans held for sale 31,410 56,194
Loans and leases 3,642,987 3,616,646
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,400
Accrued interest receivable 19,115 16,254
Financial liabilities    
Deposits 5,829,791 5,515,035
Other short- and long-term borrowings 92,216 93,938
Accrued interest payable $ 571 $ 579