PATHWARD FINANCIAL, INC., 10-Q filed on 2/7/2023
Quarterly Report
v3.22.4
Cover Page - shares
 3 Months Ended
Dec. 31, 2022
Feb. 01, 2023
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2022  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name PATHWARD FINANCIAL, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 42-1406262  
Entity Address, Address Line One 5501 South Broadband Lane  
Entity Address, City or Town Sioux Falls  
Entity Address, State or Province SD  
Entity Address, Postal Zip Code 57108  
City Area Code 877  
Local Phone Number 497-7497  
Title of 12(b) Security Common Stock, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   27,561,385
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q1  
Amendment Flag false  
v3.22.4
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
ASSETS    
Cash and cash equivalents $ 369,169 $ 388,038
Securities available for sale, at fair value 1,847,778 1,882,869
Securities held to maturity, at amortized cost (fair value $37,658 and $38,171, respectively) 40,565 41,682
Federal Reserve Bank and Federal Home Loan Bank Stock, at cost 28,812 28,812
Loans held for sale 17,148 21,071
Loans and leases 3,509,730 3,536,305
Allowance for credit losses (52,592) (45,947)
Accrued interest receivable 20,170 17,979
Premises, furniture, and equipment, net 41,029 41,710
Rental equipment, net 231,129 204,371
Goodwill and intangible assets 333,938 335,196
Other assets 272,349 295,324
Total assets 6,659,225 6,747,410
LIABILITIES    
Deposits 5,789,132 5,866,037
Long-term borrowings 34,977 36,028
Accrued expenses and other liabilities 175,983 200,205
Total liabilities 6,000,092 6,102,270
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2022 and September 30, 2022, respectively 0 0
Additional paid-in capital 620,681 617,403
Retained earnings 246,891 245,394
Accumulated other comprehensive loss (201,690) (213,080)
Treasury stock, at cost, 147,344 and 90,053 common shares at December 31, 2022 and September 30, 2022, respectively (6,824) (4,835)
Total equity attributable to parent 659,340 645,170
Noncontrolling interest (207) (30)
Total stockholders’ equity 659,133 645,140
Total liabilities and stockholders’ equity 6,659,225 6,747,410
Common stock, $0.01 par value; 90,000,000 shares authorized, 28,358,583 and 28,878,177 shares issued, 28,211,239 and 28,788,124 shares outstanding at December 31, 2022 and September 30, 2022, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 282 288
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2022 and September 30, 2022, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.22.4
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
STOCKHOLDERS’ EQUITY    
Investment securities held to maturity, fair value $ 37,658 $ 38,171
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) 147,344 90,053
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) 28,358,583 28,878,177
Common stock, shares outstanding (in shares) 28,211,239 28,788,124
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
v3.22.4
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:    
Loans and leases, including fees $ 68,396 $ 65,035
Mortgage-backed securities 10,412 3,864
Other investments 6,252 3,992
Total interest and dividend income 85,060 72,891
Interest expense:    
Deposits 142 141
FHLB advances and other borrowings 861 1,137
Total interest expense 1,003 1,278
Net interest income 84,057 71,613
Provision for credit losses 9,776 186
Net interest income after provision for credit losses 74,281 71,427
Noninterest income:    
Gain (loss) on sale of securities 0 137
Gain on sale of trademarks 10,000 50,000
Gain (loss) on sale of other 502 (3,465)
Other income 3,555 1,661
Total noninterest income 65,777 86,591
Noninterest expense:    
Compensation and benefits 43,017 38,225
Refund transfer product expense 105 138
Refund advance expense 27 183
Card processing 22,683 7,172
Occupancy and equipment expense 8,312 8,349
Operating lease equipment depreciation 9,628 8,449
Legal and consulting 9,459 6,208
Intangible amortization 1,258 1,488
Impairment expense 24 0
Other expense 10,546 12,224
Total noninterest expense 105,059 82,436
Income before income tax expense 34,999 75,582
Income tax expense 6,577 14,276
Net income before noncontrolling interest 28,422 61,306
Net income (loss) attributable to noncontrolling interest 580 (18)
Net income attributable to parent $ 27,842 $ 61,324
Earnings per common share:    
Basic (in dollars per share) $ 0.98 $ 2.00
Diluted (in dollars per share) $ 0.98 $ 2.00
Refund transfer product fees    
Noninterest income:    
Noninterest income $ 677 $ 579
Refund advance fee income    
Noninterest income:    
Noninterest income 617 1,233
Card and deposit fees    
Noninterest income:    
Noninterest income 37,718 25,369
Rental income    
Noninterest income:    
Noninterest income $ 12,708 $ 11,077
v3.22.4
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]    
Net income before noncontrolling interest $ 28,422 $ 61,306
Other comprehensive income (loss):    
Change in net unrealized gain (loss) on debt securities 14,708 (9,140)
Net loss (gain) realized on investment securities 0 (137)
Total 14,708 (9,277)
Unrealized gain (loss) on currency translation 387 66
Deferred income tax effect 3,705 (2,336)
Total other comprehensive income (loss) 11,390 (6,875)
Total comprehensive income 39,812 54,431
Total comprehensive income (loss) attributable to noncontrolling interest 580 (18)
Comprehensive income attributable to parent $ 39,232 $ 54,449
v3.22.4
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Total Pathward Financial Stockholders’ Equity
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling interest
Beginning Balance at Sep. 30, 2021 $ 871,884 $ 870,729 $ 317 $ 604,484 $ 259,189 $ 7,599 $ (860) $ 1,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,521) (1,521)     (1,521)      
Issuance of common stock due to ESOP 2,886 2,886 1 2,885        
Repurchases of common stock (104,458) (104,458) (17) 17 (101,000)   (3,458)  
Stock compensation 3,430 3,430   3,430        
Total other comprehensive income (loss) (6,875) (6,875)       (6,875)    
Net income 61,306 61,324     61,324     (18)
Net investment by (distribution to) noncontrolling interests (495)             (495)
Ending Balance at Dec. 31, 2021 826,157 825,515 301 610,816 217,992 724 (4,318) 642
Beginning Balance at Sep. 30, 2022 645,140 645,170 288 617,403 245,394 (213,080) (4,835) (30)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Cash dividends declared on common stock (1,402) (1,402)     (1,402)      
Issuance of common stock due to restricted stock 1 1 1          
Repurchases of common stock (26,932) (26,932) (7) 7 (24,943)   (1,989)  
Stock compensation 3,271 3,271   3,271        
Total other comprehensive income (loss) 11,390 11,390       11,390    
Net income 28,422 27,842     27,842     580
Net investment by (distribution to) noncontrolling interests (757)             (757)
Ending Balance at Dec. 31, 2022 $ 659,133 $ 659,340 $ 282 $ 620,681 $ 246,891 $ (201,690) $ (6,824) $ (207)
v3.22.4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]    
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05
v3.22.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income before noncontrolling interest $ 28,422 $ 61,306
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 14,566 15,322
Provision for credit losses 9,776 186
Provision for deferred taxes 2,255 8,015
Originations of loans held for sale (398,798) (385,558)
Proceeds from sales of loans held for sale 402,870 562,689
Net change in loans held for sale (84) 8,805
Net realized (gain) on securities held to maturity, net 0 (137)
Net realized (gain) loss on loans held for sale (75) 4,365
Net realized loss on premise, furniture, and equipment 0 (23)
Net realized (gain) on lease receivables and equipment (427) (924)
Net realized (gain) on trademarks (10,000) (50,000)
Impairment on rental equipment 24 0
Net change in accrued interest receivable (2,191) (987)
Net change in other assets 16,986 (24,059)
Net change in accrued expenses and other liabilities (24,222) (45,303)
Stock compensation 3,271 3,430
Net cash provided by operating activities 42,373 157,127
Cash flows from investing activities:    
Purchases of securities available for sale 0 (20,894)
Proceeds from maturities of and principal collected on securities available for sale 49,069 91,297
Proceeds from sales of securities held to maturity 0 200
Proceeds from maturities of and principal collected on securities held to maturity 1,058 5,409
Purchases of Federal Reserve Bank and Federal Home Loan Bank stock (57,760) (800)
Redemption of Federal Reserve Bank and Federal Home Loan Bank stock 57,760 800
Purchases of loans and leases (67,649) (57,713)
Proceeds from sales of loans and leases 0 30,235
Net change in loans and leases 217,812 (145,311)
Purchases of premises, furniture, and equipment (1,989) (1,949)
Proceeds from sales of premises, furniture, and equipment 0 35
Purchases of rental equipment (164,245) (103,643)
Proceeds from sales of rental equipment 1,495 4,999
Net change in rental equipment (109) (1,841)
Proceeds from sales of foreclosed real estate and repossessed assets 1 1,659
Proceeds from sale of trademarks 10,000 50,000
Net cash provided by (used in) investing activities 45,443 (147,517)
Cash flows from financing activities:    
Net change in deposits (76,905) 1,010,598
Principal payments on capital lease obligations 0 (7)
Principal payments on other liabilities (573) (598)
Payment of debt issuance costs (504) 0
Dividends paid on common stock (1,402) (1,521)
Issuance of common stock due to restricted stock 1 0
Issuance of common stock due to ESOP 0 2,886
Repurchases of common stock (26,932) (104,458)
Distributions to noncontrolling interest (757) (495)
Net cash provided by (used in) financing activities (107,072) 906,405
Effect of exchange rate changes on cash 387 66
Net change in cash and cash equivalents (18,869) 916,081
Cash and cash equivalents at beginning of fiscal year 388,038 314,019
Cash and cash equivalents at end of fiscal period 369,169 1,230,100
Supplemental disclosure of cash flow information:    
Interest 478 1,196
Income taxes 492 308
Franchise taxes 50 50
Other taxes 16 13
Supplemental schedule of non-cash investing activities:    
Held for sale to loans and leases 0 12
Loans and leases to held for sale 0 168,426
Loans and leases to rental equipment 1,405 988
Rental equipment to loan and leases $ 128,145 $ 72,267
v3.22.4
BASIS OF PRESENTATION
 3 Months Ended
Dec. 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, 2022 included in Pathward Financial, Inc.’s (“Pathward” or the “Company”) Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on November 22, 2022. Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three months ended December 31, 2022 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2023.
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.
v3.22.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 3 Months Ended
Dec. 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, 2022 remain substantially unchanged. The following ASU became effective for the Company on October 1, 2022, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2021-05, Leases (Topic 842): Lessors - Certain Leases with Variable Lease Payments.
v3.22.4
SIGNIFICANT EVENTS
 3 Months Ended
Dec. 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 had one year from the Agreement execution date to phase out and cease all use of the Meta tradenames.

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 remaining $10.0 million was released to the Company upon completion of phase out activities and recognized as noninterest income during the three months ended December 31, 2022.

The Company recognized $3.7 million and zero of noninterest expense related to rebranding efforts during the three months ended December 31, 2022 and 2021, respectively.
v3.22.4
SECURITIES
 3 Months Ended
Dec. 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.
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
At December 31, 2022
Corporate securities$25,000 $— $(3,688)$21,312 
SBA securities103,325 — (7,560)95,765 
Obligations of states and political subdivisions2,453 — (102)2,351 
Non-bank qualified obligations of states and political subdivisions283,301 10 (25,259)258,052 
Asset-backed securities146,906 — (11,630)135,276 
Mortgage-backed securities1,554,936 — (219,914)1,335,022 
Total debt securities AFS$2,115,921 $10 $(268,153)$1,847,778 
At September 30, 2022
Corporate securities$25,000 $— $(2,813)$22,187 
SBA securities105,238 — (7,470)97,768 
Obligations of states and political subdivisions2,469 — (125)2,344 
Non-bank qualified obligations of states and political subdivisions290,754 — (26,971)263,783 
Asset-backed securities160,806 — (13,016)147,790 
Mortgage-backed securities1,581,452 — (232,455)1,348,997 
Total debt securities AFS$2,165,719 $— $(282,850)$1,882,869 
Debt Securities HTM
At December 31, 2022
Non-bank qualified obligations of states and political subdivisions$38,131 $— $(2,647)$35,484 
Mortgage-backed securities2,434 — (260)2,174 
Total debt securities HTM$40,565 $— $(2,907)$37,658 
At September 30, 2022
Non-bank qualified obligations of states and political subdivisions$39,093 $— $(3,190)$35,903 
Mortgage-backed securities2,589 — (321)2,268 
Total debt securities HTM$41,682 $— $(3,511)$38,171 
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At December 31, 2022
Corporate securities$— $— $21,313 $(3,688)$21,313 $(3,688)
SBA securities79,470 (4,652)16,294 (2,908)95,764 (7,560)
Obligations of state and political subdivisions255 (17)2,096 (85)2,351 (102)
Non-bank qualified obligations of states and political subdivisions115,532 (9,588)141,555 (15,671)257,087 (25,259)
Asset-backed securities59,854 (2,236)75,422 (9,394)135,276 (11,630)
Mortgage-backed securities760,800 (88,928)574,222 (130,986)1,335,022 (219,914)
Total debt securities AFS$1,015,911 $(105,421)$830,902 $(162,732)$1,846,813 $(268,153)
At September 30, 2022
Corporate securities$— $— $22,187 $(2,813)$22,187 $(2,813)
SBA securities97,767 (7,470)— — 97,767 (7,470)
Obligations of state and political subdivisions2,345 (125)— — 2,345 (125)
Non-bank qualified obligations of states and political subdivisions195,816 (19,743)67,967 (7,228)263,783 (26,971)
Asset-backed securities64,886 (1,838)82,904 (11,178)147,790 (13,016)
Mortgage-backed securities816,657 (106,583)532,340 (125,872)1,348,997 (232,455)
Total debt securities AFS$1,177,471 $(135,759)$705,398 $(147,091)$1,882,869 $(282,850)
Debt Securities HTM
At December 31, 2022
Non-bank qualified obligations of states and political subdivisions$— $— $35,485 $(2,647)$35,485 $(2,647)
Mortgage-backed securities2,174 (260)— — 2,174 (260)
Total debt securities HTM$2,174 $(260)$35,485 $(2,647)$37,659 $(2,907)
At September 30, 2022
Non-bank qualified obligations of states and political subdivisions$3,984 $(300)$31,919 $(2,890)$35,903 $(3,190)
Mortgage-backed securities2,268 (321)— — 2,268 (321)
Total debt securities HTM$6,252 $(621)$31,919 $(2890)$38,171 $(3,511)

At December 31, 2022, there were 194 securities AFS in an unrealized loss position. All of the mortgage-backed securities ("MBS") in an unrealized loss position at December 31, 2022 were government guaranteed. Management assessed each investment security with unrealized losses for credit loss and determined substantially all unrealized losses on these securities were due to credit spreads and interest rates versus credit loss. As part of that assessment, management evaluated and concluded that it is more-likely-than-not that the Company will not be required and does not intend to sell any of the securities prior to recovery of the amortized cost. At December 31, 2022, there was no allowance for credit losses ("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 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 Small Business Administration ("SBA") securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.
(Dollars in thousands)At December 31, 2022At September 30, 2022
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$1,788 $1,783 $718 $715 
Due after one year through five years8,834 8,349 9,921 9,395 
Due after five years through ten years89,916 81,020 89,921 81,819 
Due after ten years460,447 421,604 483,707 441,943 
560,985 512,756 584,267 533,872 
Mortgage-backed securities1,554,936 1,335,022 1,581,452 1,348,997 
Total securities AFS, at fair value$2,115,921 $1,847,778 $2,165,719 $1,882,869 
Securities HTM at Fair Value
Due after ten years$38,131 $35,484 $39,093 $35,903 
38,131 35,484 39,093 35,903 
Mortgage-backed securities2,434 2,174 2,589 2,268 
Total securities HTM, at cost$40,565 $37,658 $41,682 $38,171 

Equity Securities
The Company held $3.4 million at December 31, 2022 and $2.9 million at September 30, 2022 in marketable equity securities. The Company recognized zero and $2.3 million in unrealized loss on marketable equity securities during the three months ended December 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 three months ended December 31, 2022 and 2021. No such securities were sold during the three months ended December 31, 2022.

Non-marketable equity securities with a readily determinable fair value totaled $7.8 million at December 31, 2022 and $7.2 million at September 30, 2022. The Company recognized $0.1 million in unrealized gains and $0.3 million in unrealized losses during the three months ended December 31, 2022 and 2021, respectively. No such securities were sold during the three months ended December 31, 2022.

Non-marketable equity securities without readily determinable fair value totaled $18.2 million at December 31, 2022 and $18.2 million at September 30, 2022. No such securities were sold during the three months ended December 31, 2022.

Federal Reserve Bank ("FRB") Stock
The Bank is required by federal law to subscribe to capital stock (divided into shares of $100 each) as a member of the FRB of Minneapolis with an amount equal to six per centum of the paid-up capital stock and surplus. One-half of the subscription is paid at time of application, and one-half is subject to call of the Board of Governors of the Federal Reserve System. FRB of Minneapolis stock held by the Bank totaled $19.7 million at December 31, 2022 and September 30, 2022. These equity securities are 'restricted' in that they can only be owned by member banks.

Federal Home Loan Bank ("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 December 31, 2022 and at September 30, 2022.

These equity securities are ‘restricted’ in that they can only be sold back to the respective institution from which they were acquired or another member institution at par. Therefore, FRB and FHLB stocks are less liquid than other marketable equity securities, and the fair value approximates cost.

Equity Security Impairment
The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value. All other equity investments, including those under the equity method, are reviewed for other-than-temporary impairment on at least a quarterly basis. The Company recognized no impairment for such investments for the three months ended December 31, 2022 and 2021, respectively.
v3.22.4
LOANS AND LEASES, NET
 3 Months Ended
Dec. 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)December 31, 2022September 30, 2022
Term lending$1,160,100 $1,090,289 
Asset based lending359,516 351,696 
Factoring338,594 372,595 
Lease financing189,868 210,692 
Insurance premium finance436,977 479,754 
SBA/USDA357,084 359,238 
Other commercial finance164,734 159,409 
Commercial finance3,006,873 3,023,673 
Consumer credit products130,750 144,353 
Other consumer finance56,180 25,306 
Consumer finance186,930 169,659 
Tax services30,364 9,098 
Warehouse finance279,899 326,850 
Total loans and leases3,504,066 3,529,280 
Net deferred loan origination costs5,664 7,025 
Total gross loans and leases3,509,730 3,536,305 
Allowance for credit losses(52,592)(45,947)
Total loans and leases, net$3,457,138 $3,490,358 

During the three months ended December 31, 2022 and 2021, the Company originated $398.8 million and $385.6 million of consumer finance and SBA/USDA as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $402.9 million and gain on sale of $0.1 million during the three months ended December 31, 2022. The Company sold held for sale loans resulting in proceeds of $562.7 million and loss on sale of $4.4 million during the three months ended December 31, 2021.
Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended December 31,
(Dollars in thousands)20222021
Loans Purchased
Loans held for investment:
Commercial finance$— $1,720 
Warehouse finance67,649 55,993 
Total purchases$67,649 $57,713 
Loans Sold
Loans held for sale:
Commercial finance$855 $33,023 
Consumer finance402,015 376,444 
Community banking— 153,222 
Loans held for investment:
Community banking— 30,235 
Total sales$402,870 $592,924 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2022September 30, 2022
Carrying amount$194,480 $216,880 
Unguaranteed residual assets12,363 13,037 
Unamortized initial direct costs247 295 
Unearned income(16,975)(19,225)
Total net investment in direct financing and sales-type leases$190,115 $210,987 

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$68,633 
202466,589 
202536,218 
202614,037 
20276,658 
Thereafter2,345 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases194,480 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$194,480 

The Company did not record any contingent rental income from direct financing and sales-type leases in the three months ended December 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, other factors have been affecting the economic environment in 2022 including geopolitical conflict, supply chain disruptions, inflation, and rising interest rates. While the ultimate impact of the pandemic and these other factors on the Company's loan and lease portfolio remains difficult to predict, management continues to evaluate the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses and the impact to our customers and businesses as a result of COVID-19 and other factors impacting the economy and will refine its estimate as developments occur and more information becomes available.

Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended December 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$24,621 $3,671 $(1,817)$277 $26,752 
Asset based lending1,050 2,853 — — 3,903 
Factoring6,556 (764)(121)3 5,674 
Lease financing5,902 (438)(406)180 5,238 
Insurance premium finance1,450 (47)(185)43 1,261 
SBA/USDA3,263 (651)— 20 2,632 
Other commercial finance1,310 2,046 — — 3,356 
Commercial finance44,152 6,670 (2,529)523 48,816 
Consumer credit products1,400 (137)— — 1,263 
Other consumer finance63 1,740 (179)— 1,624 
Consumer finance1,463 1,603 (179)— 2,887 
Tax services5 1,637 (1,731)698 609 
Warehouse finance327 (47)— — 280 
Total loans and leases45,947 9,863 (4,439)1,221 52,592 
Unfunded commitments(1)
366 (87)— — 279 
Total $46,313 $9,776 $(4,439)$1,221 $52,871 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2021
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $(858)$(2,085)$314 $26,722 
Asset based lending1,726 911 (16)137 2,758 
Factoring3,997 12,502 (1,275)18 15,242 
Lease financing7,629 (822)(16)66 6,857 
Insurance premium finance1,394 (270)(177)97 1,044 
SBA/USDA2,978 233 (217)2 2,996 
Other commercial finance1,168 181 — — 1,349 
Commercial finance48,243 11,877 (3,786)634 56,968 
Consumer credit products1,242 385 — — 1,627 
Other consumer finance6,112 1,560 (819)107 6,960 
Consumer finance7,354 1,945 (819)107 8,587 
Tax services2 (714)(254)2,567 1,601 
Warehouse finance420 47 — — 467 
Community banking12,262 (12,684)— 422 — 
Total loans and leases68,281 471 (4,859)3,730 67,623 
Unfunded commitments(1)
690 (285)— — 405 
Total $68,971 $186 $(4,859)$3,730 $68,028 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.

Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At December 31, 2022At September 30, 2022
Term lending$2,847 $2,885 
Asset based lending10,363 — 
Factoring— 550 
Lease financing3,153 2,787 
SBA/USDA1,151 1,199 
Commercial finance(1)
17,514 7,421 
Total$17,514 $7,421 
(1) For commercial finance, collateral dependent financial assets have collateral in the form of cash, equipment, or other business assets.

Management has identified certain structured finance credits for alternative energy projects in which a substantial cash collateral account has been established to mitigate credit risk. Due to the nature of the transactions and significant cash collateral positions, these credits are evaluated individually. The balance of these pass rated cash collateral loans totaled $153.0 million and $120.7 million at December 31, 2022 and at September 30, 2022, respectively.

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, 120 days or more for consumer credit products and leases, and 90 days or more for commercial finance loans. Action is taken to charge off electronic return originator ("ERO") loans if such loans have not been collected by the end of June and refund 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 $186.9 million and $30.4 million at December 31, 2022, respectively, and $169.7 million and $9.1 million at September 30, 2022, respectively. The amortized cost basis of loans and leases by asset classification and year of origination was as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At December 31, 202220232022202120202019Prior
Term lending
Pass$232,029 $334,377 $155,092 $103,243 $28,013 $33,853 $— $886,607 
Watch21,397 44,223 63,767 7,737 8,304 1,038 — 146,466 
Special Mention1,184 7,409 20,822 11,018 682 622 — 41,737 
Substandard2,741 24,094 22,333 23,005 6,757 3,409 — 82,339 
Doubtful— 993 832 676 389 61 — 2,951 
Total257,351 411,096 262,846 145,679 44,145 38,983 — 1,160,100 
Asset based lending
Pass— — — — — — 143,772 143,772 
Watch— — — — — — 166,726 166,726 
Special Mention— — — — — — 27,796 27,796 
Substandard— — — — — — 21,222 21,222 
Total— — — — — — 359,516 359,516 
Factoring
Pass— — — — — — 236,882 236,882 
Watch— — — — — — 78,018 78,018 
Special Mention— — — — — — 10,658 10,658 
Substandard— — — — — — 13,036 13,036 
Total— — — — — — 338,594 338,594 
Lease financing
Pass6,090 24,003 37,972 45,399 3,600 3,511 — 120,575 
Watch2,958 12,272 10,154 6,760 7,808 612 — 40,564 
Special Mention— — 1,516 754 1,136 130 — 3,536 
Substandard— 8,452 6,607 4,765 4,600 100 — 24,524 
Doubtful— — 232 262 — 175 — 669 
Total9,048 44,727 56,481 57,940 17,144 4,528 — 189,868 
Insurance premium finance
Pass191,200 243,138 115 22 — — — 434,475 
Watch— 1,349 — — — — — 1,349 
Special Mention— 508 — — — — — 508 
Substandard— 375 3 — — — — 378 
Doubtful— 264 3 — — — — 267 
Total191,200 245,634 121 22 — — — 436,977 
SBA/USDA
Pass4,346 196,049 35,798 58,948 9,770 19,273 — 324,184 
Watch— — — 56 2,985 3,939 — 6,980 
Special Mention— — — — 210 — — 210 
Substandard— — 66 6,943 8,494 10,207 — 25,710 
Total4,346 196,049 35,864 65,947 21,459 33,419 — 357,084 
Other commercial finance
Pass23 25,899 39,156 27,228 21,490 17,396 — 131,192 
Watch1,350 — — — — — — 1,350 
Substandard2,860 — 29,070 — — 262 — 32,192 
Total4,233 25,899 68,226 27,228 21,490 17,658 — 164,734 
Warehouse finance
Pass— — — — — — 279,899 279,899 
Total— — — — — — 279,899 279,899 
Total loans and leases
Pass433,688 823,466 268,133 234,840 62,873 74,033 660,553 2,557,586 
Watch25,705 57,844 73,921 14,553 19,097 5,589 244,744 441,453 
Special Mention1,184 7,917 22,338 11,772 2,028 752 38,454 84,445 
Substandard5,601 32,921 58,079 34,713 19,851 13,978 34,258 199,401 
Doubtful— 1,257 1,067 938 389 236 — 3,887 
Total$466,178 $923,405 $423,538 $296,816 $104,238 $94,588 $978,009 $3,286,772 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202220222021202020192018Prior
Term lending
Pass$246,627 $240,018 $105,170 $60,417 $89,072 $61,229 $— $802,533 
Watch45,539 24,318 45,052 11,698 21,077 9,799 — 157,483 
Special Mention9,500 24,885 14,300 2,861 619 242 — 52,407 
Substandard10,627 16,694 12,248 23,266 10,457 2,255 — 75,547 
Doubtful175 407 469 872 204 192 — 2,319 
Total312,468 306,322 177,239 99,114 121,429 73,717 — 1,090,289 
Asset based lending
Pass— — — — — — 154,494 154,494 
Watch— — — — — — 162,990 162,990 
Special Mention— — — — — — 13,770 13,770 
Substandard— — — — — — 20,442 20,442 
Total— — — — — — 351,696 351,696 
Factoring
Pass— — — — — — 254,883 254,883 
Watch— — — — — — 86,219 86,219 
Special Mention— — — — — — 9,174 9,174 
Substandard— — — — — — 22,319 22,319 
Total— — — — — — 372,595 372,595 
Lease financing
Pass7,407 38,818 31,408 26,552 12,361 823 — 117,369 
Watch8,799 17,098 10,284 6,655 2,899 151 — 45,886 
Special Mention151 6,151 2,644 481 2,876 2,811 — 15,114 
Substandard825 9,486 11,819 7,273 1,245 — — 30,648 
Doubtful144 163 1,280 88 — — — 1,675 
Total17,326 71,716 57,435 41,049 19,381 3,785 — 210,692 
Insurance premium finance
Pass478,504 307 8 — — — — 478,819 
Watch539 7 — — — — — 546 
Special Mention169 40 — — — — — 209 
Substandard106 46 — — — — — 152 
Doubtful14 14 — — — — — 28 
Total479,332 414 8 — — — — 479,754 
SBA/USDA
Pass54,512 111,907 40,474 56,538 28,874 24,305 — 316,610 
Watch— 13,836 1,266 702 — 710 — 16,514 
Special Mention— 211 — 869 — — — 1,080 
Substandard4,149 10,968 4,278 — 1,094 4,545 — 25,034 
Total58,661 136,922 46,018 58,109 29,968 29,560 — 359,238 
Other commercial finance
Pass5,886 13,607 26,040 20,458 23,098 40,782 — 129,871 
Substandard— 9,538 — — — 20,000 — 29,538 
Total5,886 23,145 26,040 20,458 23,098 60,782 — 159,409 
Warehouse finance
Pass— — — — — — 294,350 294,350 
Special Mention— — — — — — 32,500 32,500 
Total— — — — — — 326,850 326,850 
Total loans and leases
Pass792,936 404,657 203,100 163,965 153,405 127,139 703,727 2,548,929 
Watch54,877 55,259 56,602 19,055 23,976 10,660 249,209 469,638 
Special Mention9,820 31,287 16,944 4,211 3,495 3,053 55,444 124,254 
Substandard15,707 46,732 28,345 30,539 12,796 26,800 42,761 203,680 
Doubtful333 584 1,749 960 204 192 — 4,022 
Total$873,673 $538,519 $306,740 $218,730 $193,876 $167,844 $1,051,141 $3,350,523 
Past due loans and leases were as follows:
(Dollars in thousands)Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
At December 31, 202230-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $17,148 $17,148 $— $— $— 
Term lending12,706 8,917 10,715 32,338 1,127,762 1,160,100 7,180 8,694 15,874 
Asset based lending— — — — 359,516 359,516 — 10,363 10,363 
Factoring— — — — 338,594 338,594 — 705 705 
Lease financing4,012 1,690 3,228 8,930 180,938 189,868 3,016 3,912 6,928 
Insurance premium finance2,969 1,122 3,085 7,176 429,801 436,977 3,085 — 3,085 
SBA/USDA287 — 252 539 356,545 357,084 — 1,403 1,403 
Other commercial finance— — — — 164,734 164,734 — — — 
Commercial finance19,974 11,729 17,280 48,983 2,957,890 3,006,873 13,281 25,077 38,358 
Consumer credit products2,719 2,485 2,424 7,628 123,122 130,750 2,429 — 2,429 
Other consumer finance38 48 69 155 56,025 56,180 64 — 64 
Consumer finance2,757 2,533 2,493 7,783 179,147 186,930 2,493 — 2,493 
Tax services— — — — 30,364 30,364 — — — 
Warehouse finance— — — — 279,899 279,899 — — — 
Total loans and leases held for investment22,731 14,262 19,773 56,766 3,447,300 3,504,066 15,774 25,077 40,851 
Total loans and leases$22,731 $14,262 $19,773 $56,766 $3,464,448 $3,521,214 $15,774 $25,077 $40,851 
(Dollars in thousands)Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
At September 30, 202230-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $21,071 $21,071 $— $— $— 
Term lending14,066 2,576 4,458 21,100 1,069,189 1,090,289 2,035 7,576 9,611 
Asset based lending— — 68 68 351,628 351,696 39 29 68 
Factoring— — — — 372,595 372,595 — 569 569 
Lease financing8,265 2,253 1,714 12,232 198,460 210,692 440 3,750 4,190 
Insurance premium finance2,550 1,379 1,628 5,557 474,197 479,754 1,628 — 1,628 
SBA/USDA— — — — 359,238 359,238 — 1,451 1,451 
Other commercial finance— — — — 159,409 159,409 — — — 
Commercial finance24,881 6,208 7,868 38,957 2,984,716 3,023,673 4,142 13,375 17,517 
Consumer credit products3,209 2,558 2,669 8,436 135,917 144,353 2,669 — 2,669 
Other consumer finance113 51 124 288 25,018 25,306 124 — 124 
Consumer finance3,322 2,609 2,793 8,724 160,935 169,659 2,793 — 2,793 
Tax services— — 8,873 8,873 225 9,098 8,873 — 8,873 
Warehouse finance— — — — 326,850 326,850 — — — 
Total loans and leases held for investment28,203 8,817 19,534 56,554 3,472,726 3,529,280 15,808 13,375 29,183 
Total loans and leases$28,203 $8,817 $19,534 $56,554 $3,493,797 $3,550,351 $15,808 $13,375 $29,183 
Nonaccrual loans and leases by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At December 31, 202220232022202120202019Prior
Term lending$— $1,454 $1,783 $1,627 $3,691 $139 $— $8,694 $2,847 
Asset based lending— — — — — — 10,363 10,363 — 
Factoring— — — — — — 705 705 — 
Lease financing— — 804 1,188 1,736 184 — 3,912 713 
SBA/USDA— — — 1,151 — 252 — 1,403 1,151 
Commercial finance— 1,454 2,587 3,966 5,427 575 11,068 25,077 4,711 
Total nonaccrual loans and leases$— $1,454 $2,587 $3,966 $5,427 $575 $11,068 $25,077 $4,711 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At September 30, 202220222021202020192018Prior
Term lending$251 $1,110 $1,964 $989 $3,096 $166 $— $7,576 $2,885 
Asset based lending— — — — — — 29 29 — 
Factoring— — — — — — 569 569 550 
Lease financing977 310 2,442 13 8 — — 3,750 — 
SBA/USDA— — 1,199 — — 252 — 1,451 1,199 
Commercial finance1,228 1,420 5,605 1,002 3,104 418 598 13,375 4,634 
Total nonaccrual loans and leases$1,228 $1,420 $5,605 $1,002 $3,104 $418 $598 $13,375 $4,634 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At December 31, 202220232022202120202019Prior
Term lending$— $358 $6,136 $472 $170 $44 $— $7,180 
Lease financing— 2,754 75 126 40 21 — 3,016 
Insurance premium finance— 3,073 7 5 — — — 3,085 
Commercial finance— 6,185 6,218 603 210 65 — 13,281 
Consumer credit products— 1,816 535 29 44 — 5 2,429 
Other consumer finance— — — — — — 64 64 
Consumer finance— 1,816 535 29 44 — 69 2,493 
Total 90 days or more delinquent and accruing$— $8,001 $6,753 $632 $254 $65 $69 $15,774 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202220222021202020192018Prior
Term lending$207 $720 $716 $130 $70 $192 $— $2,035 
Asset based lending— — — — — — 39 39 
Lease financing8 158 98 131 45 — — 440 
Insurance premium finance1,513 110 5 — — — — 1,628 
Commercial finance1,728 988 819 261 115 192 39 4,142 
Consumer credit products2,123 481 42 23 — — — 2,669 
Other consumer finance— 124 — — — — — 124 
Consumer finance2,123 605 42 23 — — — 2,793 
Tax services8,873 — — — — — — 8,873 
Total 90 days or more delinquent and accruing$12,724 $1,593 $861 $284 $115 $192 $39 $15,808 

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.

The following table provides the average recorded investment in nonaccrual loans and leases:
Three Months Ended December 31,
(Dollars in thousands)20222021
Term lending$8,796 $13,922 
Asset based lending4,272 4,011 
Factoring708 12,247 
Lease financing3,623 3,033 
SBA/USDA1,420 216 
Commercial finance18,819 33,429 
Total loans and leases$18,819 $33,429 

The recognized interest income on the Company's nonaccrual loans and leases for the three months ended December 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. No loans were modified in a TDR during the three months ended December 31, 2022. There were $10.1 million of commercial finance loans and $0.1 million of consumer finance loans that were modified in a TDR during the three months ended December 31, 2021, all of which were modified to extend the term of the loan.

During the three months ended December 31, 2022, the Company had $0.1 million of commercial finance loans that were modified in a TDR within the previous 12 months and for which there was a payment default. During the three months ended December 31, 2021, the Company had $2.3 million of commercial finance loans and $0.5 million of consumer finance 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 three months ended December 31, 2022 and December 31, 2021.
v3.22.4
EARNINGS PER COMMON SHARE ("EPS")
 3 Months Ended
Dec. 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 December 31,
(Dollars in thousands, except per share data)20222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$27,842 $61,324 
Dividends and undistributed earnings allocated to participating securities(403)(953)
Basic net earnings available to common stockholders27,439 60,371 
Undistributed earnings allocated to nonvested restricted stockholders383 929 
Reallocation of undistributed earnings to nonvested restricted stockholders(382)(929)
Diluted net earnings available to common stockholders$27,440 $60,371 
Total weighted-average basic common shares outstanding28,024,541 30,238,621 
Effect of dilutive securities(1)
Performance share units62,282 22,034 
Total effect of dilutive securities62,282 22,034 
Total weighted-average diluted common shares outstanding28,086,823 30,260,655 
Net earnings per common share:
Basic earnings per common share$0.98 $2.00 
Diluted earnings per common share(2)
$0.98 $2.00 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended December 31, 2022 and 2021, respectively, were 411,794 and 477,488 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.4
RENTAL EQUIPMENT, NET
 3 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2022September 30, 2022
Computers and IT networking equipment$20,176 $21,669 
Motor vehicles and other110,196 107,648 
Other furniture and equipment58,624 34,254 
Solar panels and equipment141,759 133,765 
Total330,755 297,336 
Accumulated depreciation(100,921)(94,355)
Unamortized initial direct costs1,295 1,390 
Net book value$231,129 $204,371 

Future minimum lease payments expected to be received for operating leases at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$29,248 
202432,077 
202524,537 
202616,058 
20279,912 
Thereafter10,930 
Total $122,762 
v3.22.4
GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $309.5 million of goodwill at December 31, 2022. The recorded goodwill is a result of multiple business combinations that occurred from 2015 to 2018. There have been no changes to the carrying amount of goodwill during the three months ended December 31, 2022.
The changes in the carrying amount of the Company’s intangible assets were as follows:
(Dollars in thousands)
Trademark(1)
Non-Compete
Customer Relationships(2)
All Others(3)
Total
Intangible Assets
At September 30, 2022$8,605 $— $12,395 $4,691 $25,691 
Amortization during the period(351)— (776)(131)(1,258)
At December 31, 2022$8,254 $— $11,619 $4,560 $24,433 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(6,370)(2,481)(59,551)(5,162)(73,564)
Accumulated impairment— — (10,918)(218)(11,136)
At December 31, 2022$8,254 $— $11,619 $4,560 $24,433 
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(263)(39)(1,054)(132)(1,488)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
Gross carrying amount$14,624 $2,481 $82,088 $10,142 $109,335 
Accumulated amortization(5,064)(2,480)(55,026)(4,638)(67,208)
Accumulated impairment— — (10,248)(218)(10,466)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.

The estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining nine months of fiscal 2023 and subsequent fiscal years at December 31, 2022 was as follows:
(Dollars in thousands)
Remaining in 2023$3,688 
20244,134 
20253,572 
20263,226 
20272,580 
Thereafter7,233 
Total anticipated intangible amortization$24,433 

There were no impairments to intangible assets during the three months ended December 31, 2022 and 2021. Intangible impairment expense is recorded within the impairment expense line of the Condensed Consolidated Statements of Operations.
v3.22.4
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
 3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIESOperating lease ROU assets, included in other assets, were $29.3 million and $32.7 million at December 31, 2022 and 2021, respectively.
Operating lease liabilities, included in accrued expenses and other liabilities, were $31.2 million and $34.5 million at December 31, 2022 and 2021, respectively.

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$2,983 
20243,913 
20253,718 
20263,195 
20273,092 
Thereafter18,640 
Total undiscounted future minimum lease payments 35,541 
Discount(4,357)
Total operating lease liabilities$31,184 

The weighted-average discount rate and remaining lease term for operating leases at December 31, 2022 were as follows:
Weighted-average discount rate2.36 %
Weighted-average remaining lease term (years)10.46

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20222021
Lease expense$1,014 $1,137 
Short-term and variable lease cost42 35 
Sublease income(333)(176)
Total lease cost for operating leases$723 $996 
v3.22.4
STOCKHOLDERS' EQUITY
 3 Months Ended
Dec. 31, 2022
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock
The Company's Board of Directors authorized the September 3, 2021 share repurchase program to repurchase up to 6,000,000 shares of the Company's outstanding common stock. This authorization is effective from September 3, 2021 through September 30, 2024. During the three months ended December 31, 2022, and 2021, the Company repurchased 653,994 and 1,711,501 shares, respectively, as part of the share repurchase programs.
Under the repurchase programs, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of December 31, 2022, 3,640,983 shares of common stock remained available for repurchase.
For the three months ended December 31, 2022, and 2021, the Company also repurchased 57,291 and 61,172 shares, or $2.0 million and $3.4 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.
Retirement of Treasury Stock
The Company accounts for the retirement of repurchased shares, including treasury stock, 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. The Company retired zero shares of common stock held in treasury during the three months ended December 31, 2022 and 2021, respectively.
v3.22.4
STOCK COMPENSATION
 3 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
The Company maintains the Pathward Financial, Inc. 2002 Omnibus Incentive Plan, as amended and restated (the "2002 Omnibus Incentive Plan"), which, among other things, provides for the awarding of stock options, nonvested (restricted) shares, and performance share units ("PSUs") to certain officers and directors of the Company. Awards are granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

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

The following tables show the activity of nonvested (restricted) shares and PSUs granted, vested, or forfeited under the 2002 Omnibus Incentive Plan for the three months ended December 31, 2022. There were no options granted, exercised, or forfeited under this plan during the three months ended December 31, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2022
474,348 $36.52 
Granted135,417 36.68 
Vested(181,240)34.71 
Forfeited or expired(1,017)41.82 
Nonvested shares outstanding, December 31, 2022
427,508 $37.32 
Performance share units outstanding, September 30, 2022
96,689 $42.59 
Granted(1)
59,115 38.94 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, December 31, 2022
155,804 $41.20 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.

At December 31, 2022, stock-based compensation expense not yet recognized in income totaled $10.9 million, which is expected to be recognized over a weighted average remaining period of 1.73 years.
v3.22.4
INCOME TAXES
 3 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company recorded an income tax expense of $6.6 million for the three months ended December 31, 2022, resulting in an effective tax rate of 18.79%, compared to an income tax expense of $14.3 million, or an effective tax rate of 18.89%, for the three months ended December 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 2023. The Company's effective tax rate in the future will depend in part on actual investment tax credits generated from qualified solar energy property.
The table below compares the income tax expense components for the periods presented.
Three Months Ended December 31,
(Dollars in thousands)20222021
Provision at statutory rate$7,228 $15,876 
Tax-exempt income(203)(172)
State income taxes1,510 3,087 
Interim period effective rate adjustment1,119 1,827 
Tax credit investments, net - federal(3,062)(5,670)
IRC 162(m) nondeductible compensation136 263 
Other, net(151)(935)
Income tax expense$6,577 $14,276 
Effective tax rate18.79 %18.89 %
v3.22.4
REVENUE FROM CONTRACTS WITH CUSTOMERS
 3 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Topic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 14. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended December 31,20222021202220212022202120222021
Net interest income(1)
$34,272 $26,110 $42,324 $45,087 $7,461 $416 $84,057 $71,613 
Noninterest income:
Refund transfer product fees677 579 — — — — 677 579 
Refund advance fee income(1)
617 1,233 — — — — 617 1,233 
Card and deposit fees37,452 25,132 261 231 5 6 37,718 25,369 
Rental income(1)
— — 12,515 11,077 193 — 12,708 11,077 
Gain (loss) on sale of securities(1)
— — — — — 137 — 137 
Gain on sale of trademarks— — — — 10,000 50,000 10,000 50,000 
Gain (loss) on sale of other(1)
— — 502 4,864 — (8,329)502 (3,465)
Other income(1)
793 765 1,084 2,785 1,678 (1,889)3,555 1,661 
Total noninterest income39,539 27,709 14,362 18,957 11,876 39,925 65,777 86,591 
Revenue$73,811 $53,819 $56,686 $64,044 $19,337 $40,341 $149,834 $158,204 
(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 Banking as a Service ("BaaS") business line and reflect product fees offered by the Company through third-party tax preparers and tax preparation software providers where the Company acts as the partnering financial institution. A refund transfer allows a taxpayer to pay tax preparation and filing fees directly from their federal or state government tax refund, with the remainder of the refund being disbursed in accordance with the terms and conditions of the taxpayer agreement, which may include satisfaction of other disbursement obligations before going directly to the taxpayer via check, direct deposit, or prepaid card. Refund transfer fees are recognized by the Company immediately after the taxpayer's refund has been disbursed in accordance with the contract and is based on standalone pricing included within the terms and conditions. Certain expenses to tax preparation software providers are netted with refund transfer fee income as the Company is considered the agent in these contractual relationships. All refund transfer fees are recorded within the Consumer reporting segment.

Card and Deposit Fees. Card fees relate to the BaaS business line and consists of income from prepaid cards and merchant services, including interchange fees from prepaid cards processed through card association networks, merchant services and other card related services. Interchange rates are generally set by card association networks based on transaction volume and other factors. Since interchange fees are generated by cardholder activity, the Company recognizes the income as transactions occur. Fee income for merchant services and other card related services reflect account management and transaction fees charged to merchants for processing card association network transactions. The associated income is recognized as transactions occur or as services are performed. For the Company's internally managed prepaid card programs, fees are based on standalone pricing within the terms and conditions of the cardholder agreement. The Company is considered the principal of these relationships resulting in all fee income being presented on a gross basis within the Condensed Consolidated Statement of Operations. For the Company's sponsorship prepaid card programs where a third-party is considered the Program Manager, the fees are based on standalone pricing within the terms and conditions of the Program Agreement. For these relationships, the Company is considered the agent and certain expenses with the Program Manager, networks and associations are netted with card fee revenue. All card fee income is included in the Consumer reporting segment.

Deposit fees relate to the BaaS and Commercial Finance business lines and consist of income from banking and deposit-related services, including account services, overdraft protection, and wire transfers. Fee income for account services is recognized over the course of the month as the performance obligation is satisfied. Fee income for overdraft protection and wire transfers is recognized point in time when such event occurs. For BaaS, the fees for account services and overdraft protection are based on standalone pricing within the terms and conditions of the Program Agreement with the sponsorship partner. For these relationships, the Company is considered the agent and certain expenses with the partner are netted with deposit fee revenue. For Commercial Finance, fees for wire transfers are based on standalone pricing within the terms and conditions of the customer deposit agreement. Bank and deposit fees for the BaaS and Commercial Finance business lines are included in the Consumer and Commercial reporting segments, respectively. Also included within Card and Deposit Fees for the Consumer reporting segment are servicing fees the Company recognizes for custodial off-balance sheet deposits. This fee income is for services the Bank performs to maintain records of cardholder funds placed at one or more third-party banks insured by the FDIC. The servicing fee is typically reflective of the effective federal funds rate ("EFFR").
v3.22.4
SEGMENT REPORTING
 3 Months Ended
Dec. 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 BaaS business line is reported in the Consumer segment. The Commercial Finance business line is reported in the Commercial segment. The Corporate Services/Other segment includes certain shared services as well as treasury related functions such as the investment portfolio, warehouse finance, wholesale deposits and borrowings.
The following tables present segment data for the Company:
(Dollars in thousands)ConsumerCommercialCorporate Services/OtherTotal
Three Months Ended December 31,20222021202220212022202120222021
Net interest income$34,272 $26,110 $42,324 $45,087 $7,461 $416 $84,057 $71,613 
Provision (reversal of) for credit losses3,240 1,262 6,583 11,591 (47)(12,667)9,776 186 
Noninterest income39,539 27,709 14,362 18,957 11,876 39,925 65,777 86,591 
Noninterest expense34,494 19,661 32,749 33,046 37,816 29,729 105,059 82,436 
Income (loss) before income tax expense36,077 32,896 17,354 19,407 (18,432)23,279 34,999 75,582 
Total assets393,898 550,336 3,476,942 3,260,619 2,788,385 3,798,703 6,659,225 7,609,658 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,624,919 6,325,193 6,628 6,840 157,585 193,536 5,789,132 6,525,569 
v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Dec. 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.
 At December 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$21,312 $— $21,312 $— 
SBA securities95,765 — 95,765 — 
Obligations of states and political subdivisions2,351 — 2,351 — 
Non-bank qualified obligations of states and political subdivisions258,052 — 258,052 — 
Asset-backed securities135,276 — 135,276 — 
Mortgage-backed securities1,335,022 — 1,335,022 — 
Total debt securities AFS$1,847,778 $— $1,847,778 $— 
Common equities and mutual funds(1)
$3,437 $3,437 $— $— 
Non-marketable equity securities(2)
$7,822 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 2022.
(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.
 At September 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$22,187 $— $22,187 $— 
SBA securities97,768 — 97,768 — 
Obligations of states and political subdivisions2,344 — 2,344 — 
Non-bank qualified obligations of states and political subdivisions263,783 — 263,783 — 
Asset-backed securities147,790 — 147,790 — 
Mortgage-backed securities1,348,997 — 1,348,997 — 
Total debt securities AFS$1,882,869 $— $1,882,869 $— 
Common equities and mutual funds(1)
$2,874 $2,874 $— $— 
Non-marketable equity securities(2)
$7,212 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2022.
(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.

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 the internal estimates and/or assessment 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:
 At December 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,544 $— $— $8,544 
    Total loans and leases, net individually evaluated for credit loss8,544 — — 8,544 
Foreclosed assets, net— — — — 
Total$8,544 $— $— $8,544 
 At September 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$1,575 $— $— $1,575 
    Total loans and leases, net individually evaluated for credit loss1,575 — — 1,575 
Foreclosed assets, net1 — — 1 
Total$1,576 $— $— $1,576 
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
December 31, 2022
Fair Value at
September 30, 2022
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,544 $1,575 Market approach
Appraised values(1)
15% - 59%
(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 15% to 59%.

Management discloses the estimated fair value of financial instruments, including assets and liabilities on and off the Condensed Consolidated Statements of Financial Condition, for which it is practicable to estimate fair value. These fair value estimates were made at December 31, 2022 and September 30, 2022 based on relevant market information and information about financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or a liability could be settled. However, since there is no active market for certain financial instruments of the Company, the estimates of fair value are subjective in nature, involve uncertainties, and include matters of significant judgment. Changes in assumptions as well as tax considerations could significantly affect the estimated values. Accordingly, the aggregate fair value estimates are not intended to represent the underlying value of the Company, on either a going concern or a liquidation basis.
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
 At December 31, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$369,169 $369,169 $369,169 $— $— 
Debt securities available for sale1,847,778 1,847,778 — 1,847,778 — 
Debt securities held to maturity40,565 37,658 — 37,658 — 
Common equities and mutual funds(1)
3,437 3,437 3,437 — — 
Non-marketable equity securities(1)(2)
23,136 23,136 — 15,314 — 
Loans held for sale17,148 17,148 — 17,148 — 
Loans and leases3,504,066 3,484,705 — — 3,484,705 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable20,170 20,170 20,170 — — 
Financial liabilities
Deposits5,789,132 5,788,923 5,782,075 6,848 — 
Other short- and long-term borrowings34,977 34,935 — 34,935 — 
Accrued interest payable717 717 717 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 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, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$388,038 $388,038 $388,038 $— $— 
Debt securities available for sale1,882,869 1,882,869 — 1,882,869 — 
Debt securities held to maturity41,682 38,171 — 38,171 — 
Common equities and mutual funds(1)
2,874 2,874 2,874 — — 
Non-marketable equity securities(1)(2)
22,526 22,526 — 15,314 — 
Loans held for sale21,071 21,071 — 21,071 — 
Loans and leases3,529,280 3,525,803 — — 3,525,803 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable17,979 17,979 17,979 — — 
Financial liabilities
Deposits5,866,037 5,865,854 5,858,283 7,571 — 
Other short- and long-term borrowings36,028 35,986 — 35,986 — 
Accrued interest payable192 192 192 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2022.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.4
SUBSEQUENT EVENTS
 3 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTSManagement has evaluated subsequent events that occurred after December 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 December 31, 2022.
v3.22.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 3 Months Ended
Dec. 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, 2022 remain substantially unchanged. The following ASU became effective for the Company on October 1, 2022, and did not have a material impact on the Company’s significant accounting policies or Condensed Consolidated Financial Statements:

–ASU 2021-05, Leases (Topic 842): Lessors - Certain Leases with Variable Lease Payments.
v3.22.4
SECURITIES (Tables)
 3 Months Ended
Dec. 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.
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
Debt Securities AFS
At December 31, 2022
Corporate securities$25,000 $— $(3,688)$21,312 
SBA securities103,325 — (7,560)95,765 
Obligations of states and political subdivisions2,453 — (102)2,351 
Non-bank qualified obligations of states and political subdivisions283,301 10 (25,259)258,052 
Asset-backed securities146,906 — (11,630)135,276 
Mortgage-backed securities1,554,936 — (219,914)1,335,022 
Total debt securities AFS$2,115,921 $10 $(268,153)$1,847,778 
At September 30, 2022
Corporate securities$25,000 $— $(2,813)$22,187 
SBA securities105,238 — (7,470)97,768 
Obligations of states and political subdivisions2,469 — (125)2,344 
Non-bank qualified obligations of states and political subdivisions290,754 — (26,971)263,783 
Asset-backed securities160,806 — (13,016)147,790 
Mortgage-backed securities1,581,452 — (232,455)1,348,997 
Total debt securities AFS$2,165,719 $— $(282,850)$1,882,869 
Debt Securities HTM
At December 31, 2022
Non-bank qualified obligations of states and political subdivisions$38,131 $— $(2,647)$35,484 
Mortgage-backed securities2,434 — (260)2,174 
Total debt securities HTM$40,565 $— $(2,907)$37,658 
At September 30, 2022
Non-bank qualified obligations of states and political subdivisions$39,093 $— $(3,190)$35,903 
Mortgage-backed securities2,589 — (321)2,268 
Total debt securities HTM$41,682 $— $(3,511)$38,171 
Securities Held to Maturity
Schedule of Unrealized Loss on Investments, AFS
Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous loss position, were as follows:
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
Debt Securities AFS
At December 31, 2022
Corporate securities$— $— $21,313 $(3,688)$21,313 $(3,688)
SBA securities79,470 (4,652)16,294 (2,908)95,764 (7,560)
Obligations of state and political subdivisions255 (17)2,096 (85)2,351 (102)
Non-bank qualified obligations of states and political subdivisions115,532 (9,588)141,555 (15,671)257,087 (25,259)
Asset-backed securities59,854 (2,236)75,422 (9,394)135,276 (11,630)
Mortgage-backed securities760,800 (88,928)574,222 (130,986)1,335,022 (219,914)
Total debt securities AFS$1,015,911 $(105,421)$830,902 $(162,732)$1,846,813 $(268,153)
At September 30, 2022
Corporate securities$— $— $22,187 $(2,813)$22,187 $(2,813)
SBA securities97,767 (7,470)— — 97,767 (7,470)
Obligations of state and political subdivisions2,345 (125)— — 2,345 (125)
Non-bank qualified obligations of states and political subdivisions195,816 (19,743)67,967 (7,228)263,783 (26,971)
Asset-backed securities64,886 (1,838)82,904 (11,178)147,790 (13,016)
Mortgage-backed securities816,657 (106,583)532,340 (125,872)1,348,997 (232,455)
Total debt securities AFS$1,177,471 $(135,759)$705,398 $(147,091)$1,882,869 $(282,850)
Debt Securities HTM
At December 31, 2022
Non-bank qualified obligations of states and political subdivisions$— $— $35,485 $(2,647)$35,485 $(2,647)
Mortgage-backed securities2,174 (260)— — 2,174 (260)
Total debt securities HTM$2,174 $(260)$35,485 $(2,647)$37,659 $(2,907)
At September 30, 2022
Non-bank qualified obligations of states and political subdivisions$3,984 $(300)$31,919 $(2,890)$35,903 $(3,190)
Mortgage-backed securities2,268 (321)— — 2,268 (321)
Total debt securities HTM$6,252 $(621)$31,919 $(2890)$38,171 $(3,511)
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 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 Small Business Administration ("SBA") securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.
(Dollars in thousands)At December 31, 2022At September 30, 2022
Securities AFS at Fair ValueAmortized CostFair
Value		Amortized CostFair
Value
Due in one year or less$1,788 $1,783 $718 $715 
Due after one year through five years8,834 8,349 9,921 9,395 
Due after five years through ten years89,916 81,020 89,921 81,819 
Due after ten years460,447 421,604 483,707 441,943 
560,985 512,756 584,267 533,872 
Mortgage-backed securities1,554,936 1,335,022 1,581,452 1,348,997 
Total securities AFS, at fair value$2,115,921 $1,847,778 $2,165,719 $1,882,869 
Securities HTM at Fair Value
Due after ten years$38,131 $35,484 $39,093 $35,903 
38,131 35,484 39,093 35,903 
Mortgage-backed securities2,434 2,174 2,589 2,268 
Total securities HTM, at cost$40,565 $37,658 $41,682 $38,171 
v3.22.4
LOANS AND LEASES, NET (Tables)
 3 Months Ended
Dec. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in thousands)December 31, 2022September 30, 2022
Term lending$1,160,100 $1,090,289 
Asset based lending359,516 351,696 
Factoring338,594 372,595 
Lease financing189,868 210,692 
Insurance premium finance436,977 479,754 
SBA/USDA357,084 359,238 
Other commercial finance164,734 159,409 
Commercial finance3,006,873 3,023,673 
Consumer credit products130,750 144,353 
Other consumer finance56,180 25,306 
Consumer finance186,930 169,659 
Tax services30,364 9,098 
Warehouse finance279,899 326,850 
Total loans and leases3,504,066 3,529,280 
Net deferred loan origination costs5,664 7,025 
Total gross loans and leases3,509,730 3,536,305 
Allowance for credit losses(52,592)(45,947)
Total loans and leases, net$3,457,138 $3,490,358 
Schedule of Loans Purchased and Sold by Portfolio Segment
Loans purchased and sold by portfolio segment, including participation interests, were as follows:
Three Months Ended December 31,
(Dollars in thousands)20222021
Loans Purchased
Loans held for investment:
Commercial finance$— $1,720 
Warehouse finance67,649 55,993 
Total purchases$67,649 $57,713 
Loans Sold
Loans held for sale:
Commercial finance$855 $33,023 
Consumer finance402,015 376,444 
Community banking— 153,222 
Loans held for investment:
Community banking— 30,235 
Total sales$402,870 $592,924 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in thousands)December 31, 2022September 30, 2022
Carrying amount$194,480 $216,880 
Unguaranteed residual assets12,363 13,037 
Unamortized initial direct costs247 295 
Unearned income(16,975)(19,225)
Total net investment in direct financing and sales-type leases$190,115 $210,987 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases, and a reconciliation to the carrying amount recorded at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$68,633 
202466,589 
202536,218 
202614,037 
20276,658 
Thereafter2,345 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases194,480 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type leases$194,480 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended December 31, 2022
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$24,621 $3,671 $(1,817)$277 $26,752 
Asset based lending1,050 2,853 — — 3,903 
Factoring6,556 (764)(121)3 5,674 
Lease financing5,902 (438)(406)180 5,238 
Insurance premium finance1,450 (47)(185)43 1,261 
SBA/USDA3,263 (651)— 20 2,632 
Other commercial finance1,310 2,046 — — 3,356 
Commercial finance44,152 6,670 (2,529)523 48,816 
Consumer credit products1,400 (137)— — 1,263 
Other consumer finance63 1,740 (179)— 1,624 
Consumer finance1,463 1,603 (179)— 2,887 
Tax services5 1,637 (1,731)698 609 
Warehouse finance327 (47)— — 280 
Total loans and leases45,947 9,863 (4,439)1,221 52,592 
Unfunded commitments(1)
366 (87)— — 279 
Total $46,313 $9,776 $(4,439)$1,221 $52,871 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Three Months Ended December 31, 2021
(Dollars in thousands)Beginning BalanceProvision (Reversal)Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
Term lending$29,351 $(858)$(2,085)$314 $26,722 
Asset based lending1,726 911 (16)137 2,758 
Factoring3,997 12,502 (1,275)18 15,242 
Lease financing7,629 (822)(16)66 6,857 
Insurance premium finance1,394 (270)(177)97 1,044 
SBA/USDA2,978 233 (217)2 2,996 
Other commercial finance1,168 181 — — 1,349 
Commercial finance48,243 11,877 (3,786)634 56,968 
Consumer credit products1,242 385 — — 1,627 
Other consumer finance6,112 1,560 (819)107 6,960 
Consumer finance7,354 1,945 (819)107 8,587 
Tax services2 (714)(254)2,567 1,601 
Warehouse finance420 47 — — 467 
Community banking12,262 (12,684)— 422 — 
Total loans and leases68,281 471 (4,859)3,730 67,623 
Unfunded commitments(1)
690 (285)— — 405 
Total $68,971 $186 $(4,859)$3,730 $68,028 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
Impaired Loans and Leases
Information on loans and leases that are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:
(Dollars in thousands)At December 31, 2022At September 30, 2022
Term lending$2,847 $2,885 
Asset based lending10,363 — 
Factoring— 550 
Lease financing3,153 2,787 
SBA/USDA1,151 1,199 
Commercial finance(1)
17,514 7,421 
Total$17,514 $7,421 
(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 December 31,
(Dollars in thousands)20222021
Term lending$8,796 $13,922 
Asset based lending4,272 4,011 
Factoring708 12,247 
Lease financing3,623 3,033 
SBA/USDA1,420 216 
Commercial finance18,819 33,429 
Total loans and leases$18,819 $33,429 
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 December 31, 202220232022202120202019Prior
Term lending
Pass$232,029 $334,377 $155,092 $103,243 $28,013 $33,853 $— $886,607 
Watch21,397 44,223 63,767 7,737 8,304 1,038 — 146,466 
Special Mention1,184 7,409 20,822 11,018 682 622 — 41,737 
Substandard2,741 24,094 22,333 23,005 6,757 3,409 — 82,339 
Doubtful— 993 832 676 389 61 — 2,951 
Total257,351 411,096 262,846 145,679 44,145 38,983 — 1,160,100 
Asset based lending
Pass— — — — — — 143,772 143,772 
Watch— — — — — — 166,726 166,726 
Special Mention— — — — — — 27,796 27,796 
Substandard— — — — — — 21,222 21,222 
Total— — — — — — 359,516 359,516 
Factoring
Pass— — — — — — 236,882 236,882 
Watch— — — — — — 78,018 78,018 
Special Mention— — — — — — 10,658 10,658 
Substandard— — — — — — 13,036 13,036 
Total— — — — — — 338,594 338,594 
Lease financing
Pass6,090 24,003 37,972 45,399 3,600 3,511 — 120,575 
Watch2,958 12,272 10,154 6,760 7,808 612 — 40,564 
Special Mention— — 1,516 754 1,136 130 — 3,536 
Substandard— 8,452 6,607 4,765 4,600 100 — 24,524 
Doubtful— — 232 262 — 175 — 669 
Total9,048 44,727 56,481 57,940 17,144 4,528 — 189,868 
Insurance premium finance
Pass191,200 243,138 115 22 — — — 434,475 
Watch— 1,349 — — — — — 1,349 
Special Mention— 508 — — — — — 508 
Substandard— 375 3 — — — — 378 
Doubtful— 264 3 — — — — 267 
Total191,200 245,634 121 22 — — — 436,977 
SBA/USDA
Pass4,346 196,049 35,798 58,948 9,770 19,273 — 324,184 
Watch— — — 56 2,985 3,939 — 6,980 
Special Mention— — — — 210 — — 210 
Substandard— — 66 6,943 8,494 10,207 — 25,710 
Total4,346 196,049 35,864 65,947 21,459 33,419 — 357,084 
Other commercial finance
Pass23 25,899 39,156 27,228 21,490 17,396 — 131,192 
Watch1,350 — — — — — — 1,350 
Substandard2,860 — 29,070 — — 262 — 32,192 
Total4,233 25,899 68,226 27,228 21,490 17,658 — 164,734 
Warehouse finance
Pass— — — — — — 279,899 279,899 
Total— — — — — — 279,899 279,899 
Total loans and leases
Pass433,688 823,466 268,133 234,840 62,873 74,033 660,553 2,557,586 
Watch25,705 57,844 73,921 14,553 19,097 5,589 244,744 441,453 
Special Mention1,184 7,917 22,338 11,772 2,028 752 38,454 84,445 
Substandard5,601 32,921 58,079 34,713 19,851 13,978 34,258 199,401 
Doubtful— 1,257 1,067 938 389 236 — 3,887 
Total$466,178 $923,405 $423,538 $296,816 $104,238 $94,588 $978,009 $3,286,772 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202220222021202020192018Prior
Term lending
Pass$246,627 $240,018 $105,170 $60,417 $89,072 $61,229 $— $802,533 
Watch45,539 24,318 45,052 11,698 21,077 9,799 — 157,483 
Special Mention9,500 24,885 14,300 2,861 619 242 — 52,407 
Substandard10,627 16,694 12,248 23,266 10,457 2,255 — 75,547 
Doubtful175 407 469 872 204 192 — 2,319 
Total312,468 306,322 177,239 99,114 121,429 73,717 — 1,090,289 
Asset based lending
Pass— — — — — — 154,494 154,494 
Watch— — — — — — 162,990 162,990 
Special Mention— — — — — — 13,770 13,770 
Substandard— — — — — — 20,442 20,442 
Total— — — — — — 351,696 351,696 
Factoring
Pass— — — — — — 254,883 254,883 
Watch— — — — — — 86,219 86,219 
Special Mention— — — — — — 9,174 9,174 
Substandard— — — — — — 22,319 22,319 
Total— — — — — — 372,595 372,595 
Lease financing
Pass7,407 38,818 31,408 26,552 12,361 823 — 117,369 
Watch8,799 17,098 10,284 6,655 2,899 151 — 45,886 
Special Mention151 6,151 2,644 481 2,876 2,811 — 15,114 
Substandard825 9,486 11,819 7,273 1,245 — — 30,648 
Doubtful144 163 1,280 88 — — — 1,675 
Total17,326 71,716 57,435 41,049 19,381 3,785 — 210,692 
Insurance premium finance
Pass478,504 307 8 — — — — 478,819 
Watch539 7 — — — — — 546 
Special Mention169 40 — — — — — 209 
Substandard106 46 — — — — — 152 
Doubtful14 14 — — — — — 28 
Total479,332 414 8 — — — — 479,754 
SBA/USDA
Pass54,512 111,907 40,474 56,538 28,874 24,305 — 316,610 
Watch— 13,836 1,266 702 — 710 — 16,514 
Special Mention— 211 — 869 — — — 1,080 
Substandard4,149 10,968 4,278 — 1,094 4,545 — 25,034 
Total58,661 136,922 46,018 58,109 29,968 29,560 — 359,238 
Other commercial finance
Pass5,886 13,607 26,040 20,458 23,098 40,782 — 129,871 
Substandard— 9,538 — — — 20,000 — 29,538 
Total5,886 23,145 26,040 20,458 23,098 60,782 — 159,409 
Warehouse finance
Pass— — — — — — 294,350 294,350 
Special Mention— — — — — — 32,500 32,500 
Total— — — — — — 326,850 326,850 
Total loans and leases
Pass792,936 404,657 203,100 163,965 153,405 127,139 703,727 2,548,929 
Watch54,877 55,259 56,602 19,055 23,976 10,660 249,209 469,638 
Special Mention9,820 31,287 16,944 4,211 3,495 3,053 55,444 124,254 
Substandard15,707 46,732 28,345 30,539 12,796 26,800 42,761 203,680 
Doubtful333 584 1,749 960 204 192 — 4,022 
Total$873,673 $538,519 $306,740 $218,730 $193,876 $167,844 $1,051,141 $3,350,523 
Past Due Loans and Leases
Past due loans and leases were as follows:
(Dollars in thousands)Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
At December 31, 202230-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $17,148 $17,148 $— $— $— 
Term lending12,706 8,917 10,715 32,338 1,127,762 1,160,100 7,180 8,694 15,874 
Asset based lending— — — — 359,516 359,516 — 10,363 10,363 
Factoring— — — — 338,594 338,594 — 705 705 
Lease financing4,012 1,690 3,228 8,930 180,938 189,868 3,016 3,912 6,928 
Insurance premium finance2,969 1,122 3,085 7,176 429,801 436,977 3,085 — 3,085 
SBA/USDA287 — 252 539 356,545 357,084 — 1,403 1,403 
Other commercial finance— — — — 164,734 164,734 — — — 
Commercial finance19,974 11,729 17,280 48,983 2,957,890 3,006,873 13,281 25,077 38,358 
Consumer credit products2,719 2,485 2,424 7,628 123,122 130,750 2,429 — 2,429 
Other consumer finance38 48 69 155 56,025 56,180 64 — 64 
Consumer finance2,757 2,533 2,493 7,783 179,147 186,930 2,493 — 2,493 
Tax services— — — — 30,364 30,364 — — — 
Warehouse finance— — — — 279,899 279,899 — — — 
Total loans and leases held for investment22,731 14,262 19,773 56,766 3,447,300 3,504,066 15,774 25,077 40,851 
Total loans and leases$22,731 $14,262 $19,773 $56,766 $3,464,448 $3,521,214 $15,774 $25,077 $40,851 
(Dollars in thousands)Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
At September 30, 202230-59 Days Past Due60-89 Days Past Due> 89 Days Past DueTotal Past DueCurrentTotal Loans and Leases Receivable> 89 Days Past Due and AccruingNonaccrual BalanceTotal
Loans held for sale$— $— $— $— $21,071 $21,071 $— $— $— 
Term lending14,066 2,576 4,458 21,100 1,069,189 1,090,289 2,035 7,576 9,611 
Asset based lending— — 68 68 351,628 351,696 39 29 68 
Factoring— — — — 372,595 372,595 — 569 569 
Lease financing8,265 2,253 1,714 12,232 198,460 210,692 440 3,750 4,190 
Insurance premium finance2,550 1,379 1,628 5,557 474,197 479,754 1,628 — 1,628 
SBA/USDA— — — — 359,238 359,238 — 1,451 1,451 
Other commercial finance— — — — 159,409 159,409 — — — 
Commercial finance24,881 6,208 7,868 38,957 2,984,716 3,023,673 4,142 13,375 17,517 
Consumer credit products3,209 2,558 2,669 8,436 135,917 144,353 2,669 — 2,669 
Other consumer finance113 51 124 288 25,018 25,306 124 — 124 
Consumer finance3,322 2,609 2,793 8,724 160,935 169,659 2,793 — 2,793 
Tax services— — 8,873 8,873 225 9,098 8,873 — 8,873 
Warehouse finance— — — — 326,850 326,850 — — — 
Total loans and leases held for investment28,203 8,817 19,534 56,554 3,472,726 3,529,280 15,808 13,375 29,183 
Total loans and leases$28,203 $8,817 $19,534 $56,554 $3,493,797 $3,550,351 $15,808 $13,375 $29,183 
Financing Receivable, Nonaccrual
Nonaccrual loans and leases by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At December 31, 202220232022202120202019Prior
Term lending$— $1,454 $1,783 $1,627 $3,691 $139 $— $8,694 $2,847 
Asset based lending— — — — — — 10,363 10,363 — 
Factoring— — — — — — 705 705 — 
Lease financing— — 804 1,188 1,736 184 — 3,912 713 
SBA/USDA— — — 1,151 — 252 — 1,403 1,151 
Commercial finance— 1,454 2,587 3,966 5,427 575 11,068 25,077 4,711 
Total nonaccrual loans and leases$— $1,454 $2,587 $3,966 $5,427 $575 $11,068 $25,077 $4,711 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotalNonaccrual with No ACL
At September 30, 202220222021202020192018Prior
Term lending$251 $1,110 $1,964 $989 $3,096 $166 $— $7,576 $2,885 
Asset based lending— — — — — — 29 29 — 
Factoring— — — — — — 569 569 550 
Lease financing977 310 2,442 13 8 — — 3,750 — 
SBA/USDA— — 1,199 — — 252 — 1,451 1,199 
Commercial finance1,228 1,420 5,605 1,002 3,104 418 598 13,375 4,634 
Total nonaccrual loans and leases$1,228 $1,420 $5,605 $1,002 $3,104 $418 $598 $13,375 $4,634 

Loans and leases that are 90 days or more delinquent and accruing by year of origination were as follows:
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At December 31, 202220232022202120202019Prior
Term lending$— $358 $6,136 $472 $170 $44 $— $7,180 
Lease financing— 2,754 75 126 40 21 — 3,016 
Insurance premium finance— 3,073 7 5 — — — 3,085 
Commercial finance— 6,185 6,218 603 210 65 — 13,281 
Consumer credit products— 1,816 535 29 44 — 5 2,429 
Other consumer finance— — — — — — 64 64 
Consumer finance— 1,816 535 29 44 — 69 2,493 
Total 90 days or more delinquent and accruing$— $8,001 $6,753 $632 $254 $65 $69 $15,774 
Amortized Cost Basis
(Dollars in thousands)Term Loans and Leases by Origination YearRevolving Loans and LeasesTotal
At September 30, 202220222021202020192018Prior
Term lending$207 $720 $716 $130 $70 $192 $— $2,035 
Asset based lending— — — — — — 39 39 
Lease financing8 158 98 131 45 — — 440 
Insurance premium finance1,513 110 5 — — — — 1,628 
Commercial finance1,728 988 819 261 115 192 39 4,142 
Consumer credit products2,123 481 42 23 — — — 2,669 
Other consumer finance— 124 — — — — — 124 
Consumer finance2,123 605 42 23 — — — 2,793 
Tax services8,873 — — — — — — 8,873 
Total 90 days or more delinquent and accruing$12,724 $1,593 $861 $284 $115 $192 $39 $15,808 
v3.22.4
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 3 Months Ended
Dec. 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 December 31,
(Dollars in thousands, except per share data)20222021
Basic income per common share:
Net income attributable to Pathward Financial, Inc.$27,842 $61,324 
Dividends and undistributed earnings allocated to participating securities(403)(953)
Basic net earnings available to common stockholders27,439 60,371 
Undistributed earnings allocated to nonvested restricted stockholders383 929 
Reallocation of undistributed earnings to nonvested restricted stockholders(382)(929)
Diluted net earnings available to common stockholders$27,440 $60,371 
Total weighted-average basic common shares outstanding28,024,541 30,238,621 
Effect of dilutive securities(1)
Performance share units62,282 22,034 
Total effect of dilutive securities62,282 22,034 
Total weighted-average diluted common shares outstanding28,086,823 30,260,655 
Net earnings per common share:
Basic earnings per common share$0.98 $2.00 
Diluted earnings per common share(2)
$0.98 $2.00 
(1) Represents the effect of the assumed exercise of stock options and vesting of performance share units and restricted stock, as applicable, utilizing the treasury stock method.
(2) Excluded from the computation of diluted earnings per share for the three months ended December 31, 2022 and 2021, respectively, were 411,794 and 477,488 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.22.4
RENTAL EQUIPMENT, NET (Tables)
 3 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Rental Equipment
Rental equipment consists of the following:
(Dollars in thousands)December 31, 2022September 30, 2022
Computers and IT networking equipment$20,176 $21,669 
Motor vehicles and other110,196 107,648 
Other furniture and equipment58,624 34,254 
Solar panels and equipment141,759 133,765 
Total330,755 297,336 
Accumulated depreciation(100,921)(94,355)
Unamortized initial direct costs1,295 1,390 
Net book value$231,129 $204,371 
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$29,248 
202432,077 
202524,537 
202616,058 
20279,912 
Thereafter10,930 
Total $122,762 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$2,983 
20243,913 
20253,718 
20263,195 
20273,092 
Thereafter18,640 
Total undiscounted future minimum lease payments 35,541 
Discount(4,357)
Total operating lease liabilities$31,184 
v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Dec. 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
Customer Relationships(2)
All Others(3)
Total
Intangible Assets
At September 30, 2022$8,605 $— $12,395 $4,691 $25,691 
Amortization during the period(351)— (776)(131)(1,258)
At December 31, 2022$8,254 $— $11,619 $4,560 $24,433 
Gross carrying amount$14,624 $2,481 $82,088 $9,940 $109,133 
Accumulated amortization(6,370)(2,481)(59,551)(5,162)(73,564)
Accumulated impairment— — (10,918)(218)(11,136)
At December 31, 2022$8,254 $— $11,619 $4,560 $24,433 
At September 30, 2021$9,823 $40 $17,868 $5,417 $33,148 
Acquisitions during the period— — — 1 1 
Amortization during the period(263)(39)(1,054)(132)(1,488)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
Gross carrying amount$14,624 $2,481 $82,088 $10,142 $109,335 
Accumulated amortization(5,064)(2,480)(55,026)(4,638)(67,208)
Accumulated impairment— — (10,248)(218)(10,466)
At December 31, 2021$9,560 $1 $16,814 $5,286 $31,661 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 10-30 years. Amortized using the accelerated method.
(3) Book amortization period of 3-20 years. Amortized using the straight line method.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense of intangible assets in the remaining nine months of fiscal 2023 and subsequent fiscal years at December 31, 2022 was as follows:
(Dollars in thousands)
Remaining in 2023$3,688 
20244,134 
20253,572 
20263,226 
20272,580 
Thereafter7,233 
Total anticipated intangible amortization$24,433 
v3.22.4
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments expected to be received for operating leases at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$29,248 
202432,077 
202524,537 
202616,058 
20279,912 
Thereafter10,930 
Total $122,762 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities at December 31, 2022 were as follows:
(Dollars in thousands)
Remaining in 2023$2,983 
20243,913 
20253,718 
20263,195 
20273,092 
Thereafter18,640 
Total undiscounted future minimum lease payments 35,541 
Discount(4,357)
Total operating lease liabilities$31,184 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases at December 31, 2022 were as follows:
Weighted-average discount rate2.36 %
Weighted-average remaining lease term (years)10.46

The components of total lease costs for operating leases were as follows:
Three Months Ended December 31,
(Dollars in thousands)20222021
Lease expense$1,014 $1,137 
Short-term and variable lease cost42 35 
Sublease income(333)(176)
Total lease cost for operating leases$723 $996 
v3.22.4
STOCK COMPENSATION (Tables)
 3 Months Ended
Dec. 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 three months ended December 31, 2022. There were no options granted, exercised, or forfeited under this plan during the three months ended December 31, 2022.
(Dollars in thousands, except per share data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2022
474,348 $36.52 
Granted135,417 36.68 
Vested(181,240)34.71 
Forfeited or expired(1,017)41.82 
Nonvested shares outstanding, December 31, 2022
427,508 $37.32 
Performance share units outstanding, September 30, 2022
96,689 $42.59 
Granted(1)
59,115 38.94 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, December 31, 2022
155,804 $41.20 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
v3.22.4
INCOME TAXES (Tables)
 3 Months Ended
Dec. 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.
Three Months Ended December 31,
(Dollars in thousands)20222021
Provision at statutory rate$7,228 $15,876 
Tax-exempt income(203)(172)
State income taxes1,510 3,087 
Interim period effective rate adjustment1,119 1,827 
Tax credit investments, net - federal(3,062)(5,670)
IRC 162(m) nondeductible compensation136 263 
Other, net(151)(935)
Income tax expense$6,577 $14,276 
Effective tax rate18.79 %18.89 %
v3.22.4
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Dec. 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 December 31,20222021202220212022202120222021
Net interest income(1)
$34,272 $26,110 $42,324 $45,087 $7,461 $416 $84,057 $71,613 
Noninterest income:
Refund transfer product fees677 579 — — — — 677 579 
Refund advance fee income(1)
617 1,233 — — — — 617 1,233 
Card and deposit fees37,452 25,132 261 231 5 6 37,718 25,369 
Rental income(1)
— — 12,515 11,077 193 — 12,708 11,077 
Gain (loss) on sale of securities(1)
— — — — — 137 — 137 
Gain on sale of trademarks— — — — 10,000 50,000 10,000 50,000 
Gain (loss) on sale of other(1)
— — 502 4,864 — (8,329)502 (3,465)
Other income(1)
793 765 1,084 2,785 1,678 (1,889)3,555 1,661 
Total noninterest income39,539 27,709 14,362 18,957 11,876 39,925 65,777 86,591 
Revenue$73,811 $53,819 $56,686 $64,044 $19,337 $40,341 $149,834 $158,204 
(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.
v3.22.4
SEGMENT REPORTING (Tables)
 3 Months Ended
Dec. 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 December 31,20222021202220212022202120222021
Net interest income$34,272 $26,110 $42,324 $45,087 $7,461 $416 $84,057 $71,613 
Provision (reversal of) for credit losses3,240 1,262 6,583 11,591 (47)(12,667)9,776 186 
Noninterest income39,539 27,709 14,362 18,957 11,876 39,925 65,777 86,591 
Noninterest expense34,494 19,661 32,749 33,046 37,816 29,729 105,059 82,436 
Income (loss) before income tax expense36,077 32,896 17,354 19,407 (18,432)23,279 34,999 75,582 
Total assets393,898 550,336 3,476,942 3,260,619 2,788,385 3,798,703 6,659,225 7,609,658 
Total goodwill87,145 87,145 222,360 222,360 — — 309,505 309,505 
Total deposits5,624,919 6,325,193 6,628 6,840 157,585 193,536 5,789,132 6,525,569 
v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Dec. 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.
 At December 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$21,312 $— $21,312 $— 
SBA securities95,765 — 95,765 — 
Obligations of states and political subdivisions2,351 — 2,351 — 
Non-bank qualified obligations of states and political subdivisions258,052 — 258,052 — 
Asset-backed securities135,276 — 135,276 — 
Mortgage-backed securities1,335,022 — 1,335,022 — 
Total debt securities AFS$1,847,778 $— $1,847,778 $— 
Common equities and mutual funds(1)
$3,437 $3,437 $— $— 
Non-marketable equity securities(2)
$7,822 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 31, 2022.
(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.
 At September 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
Corporate securities$22,187 $— $22,187 $— 
SBA securities97,768 — 97,768 — 
Obligations of states and political subdivisions2,344 — 2,344 — 
Non-bank qualified obligations of states and political subdivisions263,783 — 263,783 — 
Asset-backed securities147,790 — 147,790 — 
Mortgage-backed securities1,348,997 — 1,348,997 — 
Total debt securities AFS$1,882,869 $— $1,882,869 $— 
Common equities and mutual funds(1)
$2,874 $2,874 $— $— 
Non-marketable equity securities(2)
$7,212 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2022.
(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:
 At December 31, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$8,544 $— $— $8,544 
    Total loans and leases, net individually evaluated for credit loss8,544 — — 8,544 
Foreclosed assets, net— — — — 
Total$8,544 $— $— $8,544 
 At September 30, 2022
(Dollars in thousands)TotalLevel 1Level 2Level 3
Loans and leases, net individually evaluated for credit loss    
Commercial finance$1,575 $— $— $1,575 
    Total loans and leases, net individually evaluated for credit loss1,575 — — 1,575 
Foreclosed assets, net1 — — 1 
Total$1,576 $— $— $1,576 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in thousands)
Fair Value at
December 31, 2022
Fair Value at
September 30, 2022
Valuation
Technique		Unobservable InputRange of Inputs
Loans and leases, net individually evaluated for credit loss$8,544 $1,575 Market approach
Appraised values(1)
15% - 59%
(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 15% to 59%.
Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
 At December 31, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$369,169 $369,169 $369,169 $— $— 
Debt securities available for sale1,847,778 1,847,778 — 1,847,778 — 
Debt securities held to maturity40,565 37,658 — 37,658 — 
Common equities and mutual funds(1)
3,437 3,437 3,437 — — 
Non-marketable equity securities(1)(2)
23,136 23,136 — 15,314 — 
Loans held for sale17,148 17,148 — 17,148 — 
Loans and leases3,504,066 3,484,705 — — 3,484,705 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable20,170 20,170 20,170 — — 
Financial liabilities
Deposits5,789,132 5,788,923 5,782,075 6,848 — 
Other short- and long-term borrowings34,977 34,935 — 34,935 — 
Accrued interest payable717 717 717 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at December 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, 2022
(Dollars in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$388,038 $388,038 $388,038 $— $— 
Debt securities available for sale1,882,869 1,882,869 — 1,882,869 — 
Debt securities held to maturity41,682 38,171 — 38,171 — 
Common equities and mutual funds(1)
2,874 2,874 2,874 — — 
Non-marketable equity securities(1)(2)
22,526 22,526 — 15,314 — 
Loans held for sale21,071 21,071 — 21,071 — 
Loans and leases3,529,280 3,525,803 — — 3,525,803 
Federal Reserve Bank and Federal Home Loan Bank stocks28,812 28,812 — 28,812 — 
Accrued interest receivable17,979 17,979 17,979 — — 
Financial liabilities
Deposits5,866,037 5,865,854 5,858,283 7,571 — 
Other short- and long-term borrowings36,028 35,986 — 35,986 — 
Accrued interest payable192 192 192 — — 
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2022.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.22.4
SIGNIFICANT EVENTS (Details) - USD ($)
 3 Months Ended
Dec. 07, 2021
Dec. 31, 2022
Dec. 31, 2021
Unusual or Infrequent Item, or Both [Line Items]      
Proceeds from sale of trademarks   $ 10,000,000 $ 50,000,000
Noninterest rebranding expense   $ 3,700,000 $ 0
Rebranding      
Unusual or Infrequent Item, or Both [Line Items]      
Cash received in purchase agreement $ 60,000,000    
Proceeds from sale of trademarks 50,000,000    
Remaining consideration to be paid $ 10,000,000    
v3.22.4
SECURITIES - Narrative (Details)
 3 Months Ended
Dec. 31, 2022
USD ($)
security
Dec. 31, 2021
USD ($)
Sep. 30, 2022
USD ($)
Debt Securities, Available-for-sale [Line Items]      
AFS number of securities in an unrealized loss position (in securities) | security 194    
Federal reserve bank stock $ 19,700,000   $ 19,700,000
Federal home loan bank stock 9,100,000   9,100,000
Impairment recognized 0 $ 0  
Marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 3,400,000   2,900,000
Unrealized losses on equity securities 0 2,300,000  
Non-marketable      
Debt Securities, Available-for-sale [Line Items]      
Equity securities 7,800,000   7,200,000
Unrealized losses on equity securities   $ 300,000  
Unrealized gains on equity securities 100,000    
Equity securities without readily determinable fair value, amount $ 18,200,000   $ 18,200,000
v3.22.4
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 2,115,921 $ 2,165,719
Fair Value 1,847,778 1,882,869
Amortized Cost    
Due in one year or less 1,788 718
Due after one year through five years 8,834 9,921
Due after five years through ten years 89,916 89,921
Due after ten years 460,447 483,707
Total 560,985 584,267
Mortgage-backed securities 1,554,936 1,581,452
Fair Value    
Due in one year or less 1,783 715
Due after one year through five years 8,349 9,395
Due after five years through ten years 81,020 81,819
Due after ten years 421,604 441,943
Total 512,756 533,872
Mortgage-backed securities 1,335,022 1,348,997
Corporate securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 25,000 25,000
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (3,688) (2,813)
Fair Value 21,312 22,187
LESS THAN 12 MONTHS, Fair Value 0 0
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 0
OVER 12 MONTHS, Fair Value 21,313 22,187
OVER 12 MONTHS, Gross Unrealized (Losses) (3,688) (2,813)
TOTAL, Fair Value 21,313 22,187
TOTAL, Gross Unrealized (Losses) (3,688) (2,813)
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 103,325 105,238
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (7,560) (7,470)
Fair Value 95,765 97,768
LESS THAN 12 MONTHS, Fair Value 79,470 97,767
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (4,652) (7,470)
OVER 12 MONTHS, Fair Value 16,294 0
OVER 12 MONTHS, Gross Unrealized (Losses) (2,908) 0
TOTAL, Fair Value 95,764 97,767
TOTAL, Gross Unrealized (Losses) (7,560) (7,470)
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,453 2,469
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (102) (125)
Fair Value 2,351 2,344
LESS THAN 12 MONTHS, Fair Value 255 2,345
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (17) (125)
OVER 12 MONTHS, Fair Value 2,096 0
OVER 12 MONTHS, Gross Unrealized (Losses) (85) 0
TOTAL, Fair Value 2,351 2,345
TOTAL, Gross Unrealized (Losses) (102) (125)
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 283,301 290,754
Gross Unrealized Gains 10 0
Gross Unrealized (Losses) (25,259) (26,971)
Fair Value 258,052 263,783
LESS THAN 12 MONTHS, Fair Value 115,532 195,816
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (9,588) (19,743)
OVER 12 MONTHS, Fair Value 141,555 67,967
OVER 12 MONTHS, Gross Unrealized (Losses) (15,671) (7,228)
TOTAL, Fair Value 257,087 263,783
TOTAL, Gross Unrealized (Losses) (25,259) (26,971)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 146,906 160,806
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (11,630) (13,016)
Fair Value 135,276 147,790
LESS THAN 12 MONTHS, Fair Value 59,854 64,886
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (2,236) (1,838)
OVER 12 MONTHS, Fair Value 75,422 82,904
OVER 12 MONTHS, Gross Unrealized (Losses) (9,394) (11,178)
TOTAL, Fair Value 135,276 147,790
TOTAL, Gross Unrealized (Losses) (11,630) (13,016)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,554,936 1,581,452
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (219,914) (232,455)
Fair Value 1,335,022 1,348,997
LESS THAN 12 MONTHS, Fair Value 760,800 816,657
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (88,928) (106,583)
OVER 12 MONTHS, Fair Value 574,222 532,340
OVER 12 MONTHS, Gross Unrealized (Losses) (130,986) (125,872)
TOTAL, Fair Value 1,335,022 1,348,997
TOTAL, Gross Unrealized (Losses) (219,914) (232,455)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,115,921 2,165,719
Gross Unrealized Gains 10 0
Gross Unrealized (Losses) (268,153) (282,850)
Fair Value 1,847,778 1,882,869
LESS THAN 12 MONTHS, Fair Value 1,015,911 1,177,471
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (105,421) (135,759)
OVER 12 MONTHS, Fair Value 830,902 705,398
OVER 12 MONTHS, Gross Unrealized (Losses) (162,732) (147,091)
TOTAL, Fair Value 1,846,813 1,882,869
TOTAL, Gross Unrealized (Losses) $ (268,153) $ (282,850)
v3.22.4
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost $ 40,565 $ 41,682
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (2,907) (3,511)
Fair Value 37,658 38,171
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 2,174 6,252
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (260) (621)
OVER 12 MONTHS, Fair Value 35,485 31,919
OVER 12 MONTHS, Gross Unrealized (Losses) (2,647) (2,890)
TOTAL, Fair Value 37,659 38,171
TOTAL, Gross Unrealized (Losses) (2,907) (3,511)
Amortized Cost    
Due after ten years 38,131 39,093
Total 38,131 39,093
Mortgage-backed securities 2,434 2,589
Fair Value    
Due after ten years 35,484 35,903
Total 35,484 35,903
Mortgage-backed securities 2,174 2,268
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 38,131 39,093
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (2,647) (3,190)
Fair Value 35,484 35,903
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 0 3,984
LESS THAN 12 MONTHS, Gross Unrealized (Losses) 0 (300)
OVER 12 MONTHS, Fair Value 35,485 31,919
OVER 12 MONTHS, Gross Unrealized (Losses) (2,647) (2,890)
TOTAL, Fair Value 35,485 35,903
TOTAL, Gross Unrealized (Losses) (2,647) (3,190)
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Amortized Cost 2,434 2,589
Gross Unrealized Gains 0 0
Gross Unrealized (Losses) (260) (321)
Fair Value 2,174 2,268
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value 2,174 2,268
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (260) (321)
OVER 12 MONTHS, Fair Value 0 0
OVER 12 MONTHS, Gross Unrealized (Losses) 0 0
TOTAL, Fair Value 2,174 2,268
TOTAL, Gross Unrealized (Losses) $ (260) $ (321)
v3.22.4
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases $ 3,504,066 $ 3,529,280    
Net deferred loan origination costs 5,664 7,025    
Total gross loans and leases 3,509,730 3,536,305    
Allowance for credit losses (52,592) (45,947)    
Total loans and leases, net 3,457,138 3,490,358    
National Lending | Term lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 1,160,100 1,090,289    
Allowance for credit losses (26,752) (24,621) $ (26,722) $ (29,351)
National Lending | Asset based lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 359,516 351,696    
Allowance for credit losses (3,903) (1,050) (2,758) (1,726)
National Lending | Factoring        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 338,594 372,595    
Allowance for credit losses (5,674) (6,556) (15,242) (3,997)
National Lending | Lease financing        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 189,868 210,692    
Allowance for credit losses (5,238) (5,902) (6,857) (7,629)
National Lending | Insurance premium finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 436,977 479,754    
Allowance for credit losses (1,261) (1,450) (1,044) (1,394)
National Lending | SBA/USDA        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 357,084 359,238    
Allowance for credit losses (2,632) (3,263) (2,996) (2,978)
National Lending | Other commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 164,734 159,409    
Allowance for credit losses (3,356) (1,310) (1,349) (1,168)
National Lending | Commercial finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 3,006,873 3,023,673    
Allowance for credit losses (48,816) (44,152) (56,968) (48,243)
National Lending | Consumer credit products        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 130,750 144,353    
Allowance for credit losses (1,263) (1,400) (1,627) (1,242)
National Lending | Other consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 56,180 25,306    
Allowance for credit losses (1,624) (63) (6,960) (6,112)
National Lending | Consumer finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 186,930 169,659    
Allowance for credit losses (2,887) (1,463) (8,587) (7,354)
National Lending | Tax services        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 30,364 9,098    
Allowance for credit losses (609) (5) (1,601) (2)
National Lending | Warehouse finance        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Total loans and leases 279,899 326,850    
Allowance for credit losses $ (280) $ (327) $ (467) $ (420)
v3.22.4
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale $ 398,798 $ 385,558  
Proceeds from sale of loans held-for-sale 402,900 562,700  
Gain (loss) on sale of loans and leases 100 (4,400)  
Loans and leases 3,509,730   $ 3,536,305
Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 2,557,586   2,548,929
Pass | Asset Pledged as Collateral      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 153,000   120,700
Consumer finance portfolio segment      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 186,900   169,700
Tax services loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 30,400   9,100
National Lending | Consumer Finance and SBA/USDA Loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Originated loans held for sale 398,800 $ 385,600  
National Lending | Term lending | Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 886,607   802,533
National Lending | Asset based lending | Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 143,772   154,494
National Lending | Insurance premium finance | Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases 434,475   478,819
National Lending | SBA/USDA | Pass      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans and leases $ 324,184   $ 316,610
v3.22.4
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment $ 67,649 $ 57,713
Loans Sold, Loans held for sale 402,870 562,689
Loans Sold, Total sales 402,870 592,924
National Lending | Commercial finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment 0 1,720
Loans Sold, Loans held for sale 855 33,023
National Lending | Warehouse finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Purchased, Loans held for investment 67,649 55,993
National Lending | Consumer finance    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Sold, Loans held for sale 402,015 376,444
Community Banking    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans Sold, Loans held for sale 0 153,222
Loans Sold, Loans held for investment $ 0 $ 30,235
v3.22.4
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Net Investment in Lease [Abstract]    
Carrying amount $ 194,480 $ 216,880
Unguaranteed residual assets 12,363 13,037
Unamortized initial direct costs 247 295
Unearned income (16,975) (19,225)
Total net investment in direct financing and sales-type leases 190,115 $ 210,987
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]    
Remaining in 2023 68,633  
2024 66,589  
2025 36,218  
2026 14,037  
2027 6,658  
Thereafter 2,345  
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 194,480  
Third-party residual value guarantees 0  
Total carrying amount of direct financing and sales-type leases $ 194,480  
v3.22.4
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Allowance for Credit Losses [Roll Forward]    
Beginning Balance $ 45,947  
Provision (Reversal) 9,776 $ 186
Ending Balance 52,592  
Total Committed Loans    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 45,947 68,281
Provision (Reversal) 9,863 471
Charge-offs (4,439) (4,859)
Recoveries 1,221 3,730
Ending Balance 52,592 67,623
Unfunded commitments    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 366 690
Provision (Reversal) (87) (285)
Charge-offs 0 0
Recoveries 0 0
Ending Balance 279 405
Total Loans    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 46,313 68,971
Provision (Reversal) 9,776 186
Charge-offs (4,439) (4,859)
Recoveries 1,221 3,730
Ending Balance 52,871 68,028
National Lending | Term lending    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 24,621 29,351
Provision (Reversal) 3,671 (858)
Charge-offs (1,817) (2,085)
Recoveries 277 314
Ending Balance 26,752 26,722
National Lending | Asset based lending    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 1,050 1,726
Provision (Reversal) 2,853 911
Charge-offs 0 (16)
Recoveries 0 137
Ending Balance 3,903 2,758
National Lending | Factoring    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 6,556 3,997
Provision (Reversal) (764) 12,502
Charge-offs (121) (1,275)
Recoveries 3 18
Ending Balance 5,674 15,242
National Lending | Lease financing    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 5,902 7,629
Provision (Reversal) (438) (822)
Charge-offs (406) (16)
Recoveries 180 66
Ending Balance 5,238 6,857
National Lending | Insurance premium finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 1,450 1,394
Provision (Reversal) (47) (270)
Charge-offs (185) (177)
Recoveries 43 97
Ending Balance 1,261 1,044
National Lending | SBA/USDA    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 3,263 2,978
Provision (Reversal) (651) 233
Charge-offs 0 (217)
Recoveries 20 2
Ending Balance 2,632 2,996
National Lending | Other commercial finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 1,310 1,168
Provision (Reversal) 2,046 181
Charge-offs 0 0
Recoveries 0 0
Ending Balance 3,356 1,349
National Lending | Commercial finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 44,152 48,243
Provision (Reversal) 6,670 11,877
Charge-offs (2,529) (3,786)
Recoveries 523 634
Ending Balance 48,816 56,968
National Lending | Consumer credit products    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 1,400 1,242
Provision (Reversal) (137) 385
Charge-offs 0 0
Recoveries 0 0
Ending Balance 1,263 1,627
National Lending | Other consumer finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 63 6,112
Provision (Reversal) 1,740 1,560
Charge-offs (179) (819)
Recoveries 0 107
Ending Balance 1,624 6,960
National Lending | Consumer finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 1,463 7,354
Provision (Reversal) 1,603 1,945
Charge-offs (179) (819)
Recoveries 0 107
Ending Balance 2,887 8,587
National Lending | Tax services    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 5 2
Provision (Reversal) 1,637 (714)
Charge-offs (1,731) (254)
Recoveries 698 2,567
Ending Balance 609 1,601
National Lending | Warehouse finance    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance 327 420
Provision (Reversal) (47) 47
Charge-offs 0 0
Recoveries 0 0
Ending Balance $ 280 467
Community Banking    
Allowance for Credit Losses [Roll Forward]    
Beginning Balance   12,262
Provision (Reversal)   (12,684)
Charge-offs   0
Recoveries   422
Ending Balance   $ 0
v3.22.4
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance $ 17,514   $ 7,421
Average recorded investment 18,819 $ 33,429  
National Lending | Term lending      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 2,847   2,885
Average recorded investment 8,796 13,922  
National Lending | Asset based lending      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 10,363   0
Average recorded investment 4,272 4,011  
National Lending | Factoring      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 0   550
Average recorded investment 708 12,247  
National Lending | Lease financing      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 3,153   2,787
Average recorded investment 3,623 3,033  
National Lending | SBA/USDA      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 1,151   1,199
Average recorded investment 1,420 216  
National Lending | Commercial finance      
Financing Receivable, Impaired [Line Items]      
Impaired loans, unpaid balance 17,514   $ 7,421
Average recorded investment $ 18,819 $ 33,429  
v3.22.4
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases $ 3,509,730 $ 3,536,305
Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 433,688 792,936
2022 823,466 404,657
2021 268,133 203,100
2020 234,840 163,965
2019 62,873 153,405
Prior 74,033 127,139
Revolving Loans and Leases 660,553 703,727
Total gross loans and leases 2,557,586 2,548,929
Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 25,705 54,877
2022 57,844 55,259
2021 73,921 56,602
2020 14,553 19,055
2019 19,097 23,976
Prior 5,589 10,660
Revolving Loans and Leases 244,744 249,209
Total gross loans and leases 441,453 469,638
Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 1,184 9,820
2022 7,917 31,287
2021 22,338 16,944
2020 11,772 4,211
2019 2,028 3,495
Prior 752 3,053
Revolving Loans and Leases 38,454 55,444
Total gross loans and leases 84,445 124,254
Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 5,601 15,707
2022 32,921 46,732
2021 58,079 28,345
2020 34,713 30,539
2019 19,851 12,796
Prior 13,978 26,800
Revolving Loans and Leases 34,258 42,761
Total gross loans and leases 199,401 203,680
Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 333
2022 1,257 584
2021 1,067 1,749
2020 938 960
2019 389 204
Prior 236 192
Revolving Loans and Leases 0 0
Total gross loans and leases 3,887 4,022
Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 466,178 873,673
2022 923,405 538,519
2021 423,538 306,740
2020 296,816 218,730
2019 104,238 193,876
Prior 94,588 167,844
Revolving Loans and Leases 978,009 1,051,141
Total gross loans and leases 3,286,772 3,350,523
National Lending | Term lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 232,029 246,627
2022 334,377 240,018
2021 155,092 105,170
2020 103,243 60,417
2019 28,013 89,072
Prior 33,853 61,229
Revolving Loans and Leases 0 0
Total gross loans and leases 886,607 802,533
National Lending | Term lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 21,397 45,539
2022 44,223 24,318
2021 63,767 45,052
2020 7,737 11,698
2019 8,304 21,077
Prior 1,038 9,799
Revolving Loans and Leases 0 0
Total gross loans and leases 146,466 157,483
National Lending | Term lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 1,184 9,500
2022 7,409 24,885
2021 20,822 14,300
2020 11,018 2,861
2019 682 619
Prior 622 242
Revolving Loans and Leases 0 0
Total gross loans and leases 41,737 52,407
National Lending | Term lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 2,741 10,627
2022 24,094 16,694
2021 22,333 12,248
2020 23,005 23,266
2019 6,757 10,457
Prior 3,409 2,255
Revolving Loans and Leases 0 0
Total gross loans and leases 82,339 75,547
National Lending | Term lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 175
2022 993 407
2021 832 469
2020 676 872
2019 389 204
Prior 61 192
Revolving Loans and Leases 0 0
Total gross loans and leases 2,951 2,319
National Lending | Term lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 257,351 312,468
2022 411,096 306,322
2021 262,846 177,239
2020 145,679 99,114
2019 44,145 121,429
Prior 38,983 73,717
Revolving Loans and Leases 0 0
Total gross loans and leases 1,160,100 1,090,289
National Lending | Asset based lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 143,772 154,494
Total gross loans and leases 143,772 154,494
National Lending | Asset based lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 166,726 162,990
Total gross loans and leases 166,726 162,990
National Lending | Asset based lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 27,796 13,770
Total gross loans and leases 27,796 13,770
National Lending | Asset based lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 21,222 20,442
Total gross loans and leases 21,222 20,442
National Lending | Asset based lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 359,516 351,696
Total gross loans and leases 359,516 351,696
National Lending | Factoring | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 236,882 254,883
Total gross loans and leases 236,882 254,883
National Lending | Factoring | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 78,018 86,219
Total gross loans and leases 78,018 86,219
National Lending | Factoring | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 10,658 9,174
Total gross loans and leases 10,658 9,174
National Lending | Factoring | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 13,036 22,319
Total gross loans and leases 13,036 22,319
National Lending | Factoring | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 338,594 372,595
Total gross loans and leases 338,594 372,595
National Lending | Lease financing | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 6,090 7,407
2022 24,003 38,818
2021 37,972 31,408
2020 45,399 26,552
2019 3,600 12,361
Prior 3,511 823
Revolving Loans and Leases 0 0
Total gross loans and leases 120,575 117,369
National Lending | Lease financing | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 2,958 8,799
2022 12,272 17,098
2021 10,154 10,284
2020 6,760 6,655
2019 7,808 2,899
Prior 612 151
Revolving Loans and Leases 0 0
Total gross loans and leases 40,564 45,886
National Lending | Lease financing | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 151
2022 0 6,151
2021 1,516 2,644
2020 754 481
2019 1,136 2,876
Prior 130 2,811
Revolving Loans and Leases 0 0
Total gross loans and leases 3,536 15,114
National Lending | Lease financing | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 825
2022 8,452 9,486
2021 6,607 11,819
2020 4,765 7,273
2019 4,600 1,245
Prior 100 0
Revolving Loans and Leases 0 0
Total gross loans and leases 24,524 30,648
National Lending | Lease financing | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 144
2022 0 163
2021 232 1,280
2020 262 88
2019 0 0
Prior 175 0
Revolving Loans and Leases 0 0
Total gross loans and leases 669 1,675
National Lending | Lease financing | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 9,048 17,326
2022 44,727 71,716
2021 56,481 57,435
2020 57,940 41,049
2019 17,144 19,381
Prior 4,528 3,785
Revolving Loans and Leases 0 0
Total gross loans and leases 189,868 210,692
National Lending | Insurance premium finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 191,200 478,504
2022 243,138 307
2021 115 8
2020 22 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 434,475 478,819
National Lending | Insurance premium finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 539
2022 1,349 7
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 1,349 546
National Lending | Insurance premium finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 169
2022 508 40
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 508 209
National Lending | Insurance premium finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 106
2022 375 46
2021 3 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 378 152
National Lending | Insurance premium finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 14
2022 264 14
2021 3 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 267 28
National Lending | Insurance premium finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 191,200 479,332
2022 245,634 414
2021 121 8
2020 22 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 436,977 479,754
National Lending | SBA/USDA | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 4,346 54,512
2022 196,049 111,907
2021 35,798 40,474
2020 58,948 56,538
2019 9,770 28,874
Prior 19,273 24,305
Revolving Loans and Leases 0 0
Total gross loans and leases 324,184 316,610
National Lending | SBA/USDA | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 13,836
2021 0 1,266
2020 56 702
2019 2,985 0
Prior 3,939 710
Revolving Loans and Leases 0 0
Total gross loans and leases 6,980 16,514
National Lending | SBA/USDA | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 211
2021 0 0
2020 0 869
2019 210 0
Prior 0 0
Revolving Loans and Leases 0 0
Total gross loans and leases 210 1,080
National Lending | SBA/USDA | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 4,149
2022 0 10,968
2021 66 4,278
2020 6,943 0
2019 8,494 1,094
Prior 10,207 4,545
Revolving Loans and Leases 0 0
Total gross loans and leases 25,710 25,034
National Lending | SBA/USDA | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 4,346 58,661
2022 196,049 136,922
2021 35,864 46,018
2020 65,947 58,109
2019 21,459 29,968
Prior 33,419 29,560
Revolving Loans and Leases 0 0
Total gross loans and leases 357,084 359,238
National Lending | Other commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 23 5,886
2022 25,899 13,607
2021 39,156 26,040
2020 27,228 20,458
2019 21,490 23,098
Prior 17,396 40,782
Revolving Loans and Leases 0 0
Total gross loans and leases 131,192 129,871
National Lending | Other commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 1,350  
2022 0  
2021 0  
2020 0  
2019 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 1,350  
National Lending | Other commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 2,860 0
2022 0 9,538
2021 29,070 0
2020 0 0
2019 0 0
Prior 262 20,000
Revolving Loans and Leases 0 0
Total gross loans and leases 32,192 29,538
National Lending | Other commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 4,233 5,886
2022 25,899 23,145
2021 68,226 26,040
2020 27,228 20,458
2019 21,490 23,098
Prior 17,658 60,782
Revolving Loans and Leases 0 0
Total gross loans and leases 164,734 159,409
National Lending | Warehouse finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 279,899 294,350
Total gross loans and leases 279,899 294,350
National Lending | Warehouse finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023   0
2022   0
2021   0
2020   0
2019   0
Prior   0
Revolving Loans and Leases   32,500
Total gross loans and leases   32,500
National Lending | Warehouse finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 279,899 326,850
Total gross loans and leases $ 279,899 $ 326,850
v3.22.4
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 3,509,730 $ 3,536,305
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,521,214 3,550,351
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,504,066 3,529,280
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,148 21,071
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,160,100 1,090,289
Accruing and Nonaccruing Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 359,516 351,696
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 338,594 372,595
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 189,868 210,692
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 436,977 479,754
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 357,084 359,238
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 164,734 159,409
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,006,873 3,023,673
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 130,750 144,353
Accruing and Nonaccruing Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 56,180 25,306
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 186,930 169,659
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 30,364 9,098
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 279,899 326,850
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 22,731 28,203
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 22,731 28,203
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 12,706 14,066
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 4,012 8,265
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 2,969 2,550
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 287 0
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 19,974 24,881
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 2,719 3,209
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 38 113
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,757 3,322
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 14,262 8,817
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 14,262 8,817
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 8,917 2,576
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,690 2,253
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 1,122 1,379
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
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 11,729 6,208
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 2,485 2,558
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 48 51
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,533 2,609
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 | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 19,773 19,534
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 19,773 19,534
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 10,715 4,458
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 68
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,228 1,714
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,085 1,628
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 252 0
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 17,280 7,868
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,424 2,669
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 69 124
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,493 2,793
Accruing and Nonaccruing Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,873
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 | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 56,766 56,554
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 56,766 56,554
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 32,338 21,100
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 68
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 8,930 12,232
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,176 5,557
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 539 0
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 48,983 38,957
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,628 8,436
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 155 288
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 7,783 8,724
Accruing and Nonaccruing Loans and Leases | Total Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,873
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 | Current    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,464,448 3,493,797
Accruing and Nonaccruing Loans and Leases | Current | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,447,300 3,472,726
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Loans and leases 17,148 21,071
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,127,762 1,069,189
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 359,516 351,628
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 338,594 372,595
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 180,938 198,460
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 429,801 474,197
Accruing and Nonaccruing Loans and Leases | Current | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 356,545 359,238
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 164,734 159,409
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,957,890 2,984,716
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 123,122 135,917
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 56,025 25,018
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 179,147 160,935
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 30,364 225
Accruing and Nonaccruing Loans and Leases | Current | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 279,899 326,850
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Loans and leases 40,851 29,183
Nonaccrual Balance 25,077 13,375
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 40,851 29,183
Nonaccrual Balance 25,077 13,375
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 15,874 9,611
Nonaccrual Balance 8,694 7,576
Nonperforming Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 10,363 68
Nonaccrual Balance 10,363 29
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Loans and leases 705 569
Nonaccrual Balance 705 569
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Loans and leases 6,928 4,190
Nonaccrual Balance 3,912 3,750
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,085 1,628
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 1,403 1,451
Nonaccrual Balance 1,403 1,451
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 38,358 17,517
Nonaccrual Balance 25,077 13,375
Nonperforming Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,429 2,669
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 64 124
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,493 2,793
Nonaccrual Balance 0 0
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,873
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 | > 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans and leases 15,774 15,808
Nonperforming Loans and Leases | > 89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Loans and leases 15,774 15,808
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 7,180 2,035
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 39
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 3,016 440
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 3,085 1,628
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 0
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 13,281 4,142
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,429 2,669
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 64 124
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases 2,493 2,793
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Loans and leases 0 8,873
Nonperforming Loans and Leases | > 89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 0 $ 0
v3.22.4
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Financing Receivable, Nonaccrual [Line Items]    
Loans and leases $ 3,509,730 $ 3,536,305
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 1,228
2022 1,454 1,420
2021 2,587 5,605
2020 3,966 1,002
2019 5,427 3,104
Prior 575 418
Revolving Loans and Leases 11,068 598
Loans and leases 25,077 13,375
Nonaccrual with No ACL 4,711 4,634
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 251
2022 1,454 1,110
2021 1,783 1,964
2020 1,627 989
2019 3,691 3,096
Prior 139 166
Revolving Loans and Leases 0 0
Loans and leases 8,694 7,576
Nonaccrual with No ACL 2,847 2,885
Nonaccrual Loans | National Lending | Asset based lending    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 10,363 29
Loans and leases 10,363 29
Nonaccrual with No ACL 0 0
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 0
2022 0 0
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 705 569
Loans and leases 705 569
Nonaccrual with No ACL 0 550
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 977
2022 0 310
2021 804 2,442
2020 1,188 13
2019 1,736 8
Prior 184 0
Revolving Loans and Leases 0 0
Loans and leases 3,912 3,750
Nonaccrual with No ACL 713 0
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 0
2022 0 0
2021 0 1,199
2020 1,151 0
2019 0 0
Prior 252 252
Revolving Loans and Leases 0 0
Loans and leases 1,403 1,451
Nonaccrual with No ACL 1,151 1,199
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 1,228
2022 1,454 1,420
2021 2,587 5,605
2020 3,966 1,002
2019 5,427 3,104
Prior 575 418
Revolving Loans and Leases 11,068 598
Loans and leases 25,077 13,375
Nonaccrual with No ACL 4,711 4,634
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 12,724
2022 8,001 1,593
2021 6,753 861
2020 632 284
2019 254 115
Prior 65 192
Revolving Loans and Leases 69 39
Loans and leases 15,774 15,808
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 207
2022 358 720
2021 6,136 716
2020 472 130
2019 170 70
Prior 44 192
Revolving Loans and Leases 0 0
Loans and leases 7,180 2,035
90 or More Days Delinquent and Accruing | National Lending | Asset based lending    
Financing Receivable, Nonaccrual [Line Items]    
2023   0
2022   0
2021   0
2020   0
2019   0
Prior   0
Revolving Loans and Leases   39
Loans and leases   39
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 8
2022 2,754 158
2021 75 98
2020 126 131
2019 40 45
Prior 21 0
Revolving Loans and Leases 0 0
Loans and leases 3,016 440
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 1,513
2022 3,073 110
2021 7 5
2020 5 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 0 0
Loans and leases 3,085 1,628
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 1,728
2022 6,185 988
2021 6,218 819
2020 603 261
2019 210 115
Prior 65 192
Revolving Loans and Leases 0 39
Loans and leases 13,281 4,142
90 or More Days Delinquent and Accruing | National Lending | Consumer credit products    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 2,123
2022 1,816 481
2021 535 42
2020 29 23
2019 44 0
Prior 0 0
Revolving Loans and Leases 5 0
Loans and leases 2,429 2,669
90 or More Days Delinquent and Accruing | National Lending | Other consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 0
2022 0 124
2021 0 0
2020 0 0
2019 0 0
Prior 0 0
Revolving Loans and Leases 64 0
Loans and leases 64 124
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2023 0 2,123
2022 1,816 605
2021 535 42
2020 29 23
2019 44 0
Prior 0 0
Revolving Loans and Leases 69 0
Loans and leases $ 2,493 2,793
90 or More Days Delinquent and Accruing | National Lending | Tax services    
Financing Receivable, Nonaccrual [Line Items]    
2023   8,873
2022   0
2021   0
2020   0
2019   0
Prior   0
Revolving Loans and Leases   0
Loans and leases   $ 8,873
v3.22.4
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - National Lending - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Commercial finance    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs recorded investment   $ 10.1
TDRs subsequent default, recorded investment $ 0.1 2.3
Consumer finance    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
TDRs recorded investment   0.1
TDRs subsequent default, recorded investment   $ 0.5
v3.22.4
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Basic income per common share:    
Net income attributable to Pathward Financial, Inc. $ 27,842 $ 61,324
Dividends and undistributed earnings allocated to participating securities (403) (953)
Basic net earnings available to common stockholders 27,439 60,371
Undistributed earnings allocated to nonvested restricted stockholders 383 929
Reallocation of undistributed earnings to nonvested restricted stockholders (382) (929)
Diluted net earnings available to common stockholders $ 27,440 $ 60,371
Total weighted average common shares outstanding (in shares) 28,024,541 30,238,621
Effect of dilutive securities    
Total effect of dilutive securities (in shares) 62,282 22,034
Weighted average dilutive common shares outstanding (in shares) 28,086,823 30,260,655
Net earnings per common share:    
Basic income per common share (in dollars per share) $ 0.98 $ 2.00
Diluted income per common share (in dollars per share) $ 0.98 $ 2.00
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 411,794 477,488
Performance share units    
Effect of dilutive securities    
Outstanding options - based upon the two-class method (in shares) 62,282 22,034
v3.22.4
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Property, Plant and Equipment [Line Items]    
Total $ 330,755 $ 297,336
Accumulated depreciation (100,921) (94,355)
Unamortized initial direct costs 1,295 1,390
Net book value 231,129 204,371
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 20,176 21,669
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 110,196 107,648
Other furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 58,624 34,254
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 141,759 $ 133,765
v3.22.4
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Dec. 31, 2022
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2023 $ 29,248
2024 32,077
2025 24,537
2026 16,058
2027 9,912
Thereafter 10,930
Total $ 122,762
v3.22.4
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 3 Months Ended
Dec. 31, 2022
Dec. 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
v3.22.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance $ 25,691 $ 33,148
Acquisitions during the period   1
Amortization during the period (1,258) (1,488)
Ending Balance 24,433 31,661
Gross carrying amount 109,133 109,335
Accumulated amortization (73,564) (67,208)
Accumulated impairment (11,136) (10,466)
Total anticipated intangible amortization 24,433 31,661
Trademarks    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 8,605 9,823
Acquisitions during the period   0
Amortization during the period (351) (263)
Ending Balance 8,254 9,560
Gross carrying amount 14,624 14,624
Accumulated amortization (6,370) (5,064)
Accumulated impairment 0 0
Total anticipated intangible amortization $ 8,254 9,560
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 $ 0 40
Acquisitions during the period   0
Amortization during the period 0 (39)
Ending Balance 0 1
Gross carrying amount 2,481 2,481
Accumulated amortization (2,481) (2,480)
Accumulated impairment 0 0
Total anticipated intangible amortization 0 1
Customer Relationships    
Finite-lived Intangible Assets [Roll Forward]    
Beginning Balance 12,395 17,868
Acquisitions during the period   0
Amortization during the period (776) (1,054)
Ending Balance 11,619 16,814
Gross carrying amount 82,088 82,088
Accumulated amortization (59,551) (55,026)
Accumulated impairment (10,918) (10,248)
Total anticipated intangible amortization $ 11,619 16,814
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 $ 4,691 5,417
Acquisitions during the period   1
Amortization during the period (131) (132)
Ending Balance 4,560 5,286
Gross carrying amount 9,940 10,142
Accumulated amortization (5,162) (4,638)
Accumulated impairment (218) (218)
Total anticipated intangible amortization $ 4,560 $ 5,286
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  
v3.22.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2023 $ 3,688      
2024 4,134      
2025 3,572      
2026 3,226      
2027 2,580      
Thereafter 7,233      
Total anticipated intangible amortization $ 24,433 $ 25,691 $ 31,661 $ 33,148
v3.22.4
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Narrative (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 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 $ 29,300 $ 32,700
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other liabilities Accrued expenses and other liabilities
Operating lease, liability $ 31,184 $ 34,500
v3.22.4
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]    
Remaining in 2023 $ 2,983  
2024 3,913  
2025 3,718  
2026 3,195  
2027 3,092  
Thereafter 18,640  
Total undiscounted future minimum lease payments 35,541  
Discount (4,357)  
Total operating lease liabilities $ 31,184 $ 34,500
v3.22.4
OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]    
Weighted-average discount rate 2.36%  
Weighted-average remaining lease term (years) 10 years 5 months 15 days  
Lease expense $ 1,014 $ 1,137
Short-term and variable lease cost 42 35
Sublease income (333) (176)
Total lease cost for operating leases $ 723 $ 996
v3.22.4
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Sep. 07, 2021
Equity, Class of Treasury Stock [Line Items]      
Stock repurchased during the period (in shares) 57,291 61,172  
Stock repurchased during the period, value $ 2.0 $ 3.4  
Retired common stock held in treasury (in shares) 0 0  
Common Stock      
Equity, Class of Treasury Stock [Line Items]      
Shares authorized to be repurchased (in shares)     6,000,000
Stock repurchased under repurchase program (in shares) 653,994 1,711,501  
Remaining number of shares authorized to be repurchased (in shares) 3,640,983    
v3.22.4
STOCK COMPENSATION (Details)
$ / shares in Units, $ in Millions
 3 Months Ended
Dec. 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 | $ $ 10.9
Weighted average remaining period for unrecognized stock based compensation (in years) 1 year 8 months 23 days
Restricted Shares  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 474,348
Granted (in shares) 135,417
Vested (in shares) (181,240)
Forfeited or expired (in shares) (1,017)
Nonvested shares outstanding, end of period (in shares) 427,508
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 36.52
Granted (in dollars per share) | $ / shares 36.68
Vested (in dollars per share) | $ / shares 34.71
Forfeited or expired (in dollars per share) | $ / shares 41.82
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 37.32
Performance share units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 96,689
Granted (in shares) 59,115
Vested (in shares) 0
Forfeited or expired (in shares) 0
Nonvested shares outstanding, end of period (in shares) 155,804
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 42.59
Granted (in dollars per share) | $ / shares 38.94
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 $ 41.20
v3.22.4
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]    
Income tax expense $ 6,577 $ 14,276
Effective tax rate 18.79% 18.89%
v3.22.4
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]    
Provision at statutory rate $ 7,228 $ 15,876
Tax-exempt income (203) (172)
State income taxes 1,510 3,087
Interim period effective rate adjustment 1,119 1,827
Tax credit investments, net - federal (3,062) (5,670)
IRC 162(m) nondeductible compensation 136 263
Other, net (151) (935)
Income tax expense $ 6,577 $ 14,276
Effective tax rate 18.79% 18.89%
v3.22.4
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disaggregation of Revenue [Line Items]    
Net interest income $ 84,057 $ 71,613
Net realized (gain) on securities available for sale, net 0 137
Gain on sale of trademarks 10,000 50,000
Gain (loss) on sale of other 502 (3,465)
Other income 3,555 1,661
Noninterest income 65,777 86,591
Revenue 149,834 158,204
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 677 579
Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income 617 1,233
Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 37,718 25,369
Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 12,708 11,077
Consumer    
Disaggregation of Revenue [Line Items]    
Net interest income 34,272 26,110
Net realized (gain) on securities available for sale, net 0 0
Gain on sale of trademarks 0 0
Gain (loss) on sale of other 0 0
Other income 793 765
Noninterest income 39,539 27,709
Revenue 73,811 53,819
Consumer | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 677 579
Consumer | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income 617 1,233
Consumer | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 37,452 25,132
Consumer | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial    
Disaggregation of Revenue [Line Items]    
Net interest income 42,324 45,087
Net realized (gain) on securities available for sale, net 0 0
Gain on sale of trademarks 0 0
Gain (loss) on sale of other 502 4,864
Other income 1,084 2,785
Noninterest income 14,362 18,957
Revenue 56,686 64,044
Commercial | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Commercial | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 261 231
Commercial | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income 12,515 11,077
Corporate Services/Other    
Disaggregation of Revenue [Line Items]    
Net interest income 7,461 416
Net realized (gain) on securities available for sale, net 0 137
Gain on sale of trademarks 10,000 50,000
Gain (loss) on sale of other 0 (8,329)
Other income 1,678 (1,889)
Noninterest income 11,876 39,925
Revenue 19,337 40,341
Corporate Services/Other | Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Corporate Services/Other | Refund advance fee income    
Disaggregation of Revenue [Line Items]    
Noninterest income 0 0
Corporate Services/Other | Card and deposit fees    
Disaggregation of Revenue [Line Items]    
Noninterest income 5 6
Corporate Services/Other | Rental income    
Disaggregation of Revenue [Line Items]    
Noninterest income $ 193 $ 0
v3.22.4
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Sep. 30, 2022
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segment 3    
Segment data [Abstract]      
Net interest income $ 84,057 $ 71,613  
Provision (Reversal) 9,776 186  
Noninterest income 65,777 86,591  
Noninterest expense 105,059 82,436  
Income before income tax expense 34,999 75,582  
Total assets 6,659,225 7,609,658 $ 6,747,410
Total goodwill 309,505 309,505  
Total deposits 5,789,132 6,525,569  
Consumer      
Segment data [Abstract]      
Net interest income 34,272 26,110  
Provision (Reversal) 3,240 1,262  
Noninterest income 39,539 27,709  
Noninterest expense 34,494 19,661  
Income before income tax expense 36,077 32,896  
Total assets 393,898 550,336  
Total goodwill 87,145 87,145  
Total deposits 5,624,919 6,325,193  
Commercial      
Segment data [Abstract]      
Net interest income 42,324 45,087  
Provision (Reversal) 6,583 11,591  
Noninterest income 14,362 18,957  
Noninterest expense 32,749 33,046  
Income before income tax expense 17,354 19,407  
Total assets 3,476,942 3,260,619  
Total goodwill 222,360 222,360  
Total deposits 6,628 6,840  
Corporate Services/Other      
Segment data [Abstract]      
Net interest income 7,461 416  
Provision (Reversal) (47) (12,667)  
Noninterest income 11,876 39,925  
Noninterest expense 37,816 29,729  
Income before income tax expense (18,432) 23,279  
Total assets 2,788,385 3,798,703  
Total goodwill 0 0  
Total deposits $ 157,585 $ 193,536  
v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Level 1    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS $ 0 $ 0
Common equities and mutual funds 3,437 2,874
Level 2    
Available-for-sale debt securities [Abstract]    
Total debt securities AFS 1,847,778 1,882,869
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 21,312 22,187
SBA securities 95,765 97,768
Obligations of states and political subdivisions 2,351 2,344
Non-bank qualified obligations of states and political subdivisions 258,052 263,783
Asset-backed securities 135,276 147,790
Mortgage-backed securities 1,335,022 1,348,997
Total debt securities AFS 1,847,778 1,882,869
Common equities and mutual funds 3,437 2,874
Non-marketable equity securities 7,822 7,212
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 3,437 2,874
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Corporate securities 21,312 22,187
SBA securities 95,765 97,768
Obligations of states and political subdivisions 2,351 2,344
Non-bank qualified obligations of states and political subdivisions 258,052 263,783
Asset-backed securities 135,276 147,790
Mortgage-backed securities 1,335,022 1,348,997
Total debt securities AFS 1,847,778 1,882,869
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
v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 15.00%  
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 59.00%  
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 3,484,705 3,525,803
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 $ 8,544 1,575
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) 15.00%  
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) 59.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 8,544 1,576
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 8,544 1,576
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,544 1,575
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 8,544 1,575
Nonrecurring | Total loans and leases, net individually evaluated for credit loss    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 8,544 1,575
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 8,544 1,575
Nonrecurring | Foreclosed assets, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 0 1
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 $ 0 $ 1
v3.22.4
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Financial assets    
Debt securities held to maturity $ 37,658 $ 38,171
Level 1    
Financial assets    
Cash and cash equivalents 369,169 388,038
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 3,437 2,874
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 20,170 17,979
Financial liabilities    
Deposits 5,782,075 5,858,283
Other short- and long-term borrowings 0 0
Accrued interest payable 717 192
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,847,778 1,882,869
Debt securities held to maturity 37,658 38,171
Common equities and mutual funds 0 0
Non-marketable equity securities 15,314 15,314
Loans held for sale 17,148 21,071
Loans and leases 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,812
Accrued interest receivable 0 0
Financial liabilities    
Deposits 6,848 7,571
Other short- and long-term borrowings 34,935 35,986
Accrued interest payable 0 0
Level 3    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 0 0
Debt securities held to maturity 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases 3,484,705 3,525,803
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 369,169 388,038
Debt securities available for sale 1,847,778 1,882,869
Debt securities held to maturity 40,565 41,682
Common equities and mutual funds 3,437 2,874
Non-marketable equity securities 23,136 22,526
Loans held for sale 17,148 21,071
Loans and leases 3,504,066 3,529,280
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,812
Accrued interest receivable 20,170 17,979
Financial liabilities    
Deposits 5,789,132 5,866,037
Other short- and long-term borrowings 34,977 36,028
Accrued interest payable 717 192
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 369,169 388,038
Debt securities available for sale 1,847,778 1,882,869
Debt securities held to maturity 37,658 38,171
Common equities and mutual funds 3,437 2,874
Non-marketable equity securities 23,136 22,526
Loans held for sale 17,148 21,071
Loans and leases 3,484,705 3,525,803
Federal Reserve Bank and Federal Home Loan Bank stocks 28,812 28,812
Accrued interest receivable 20,170 17,979
Financial liabilities    
Deposits 5,788,923 5,865,854
Other short- and long-term borrowings 34,935 35,986
Accrued interest payable $ 717 $ 192