META FINANCIAL GROUP INC, 10-Q filed on 5/6/2021
Quarterly Report
v3.21.1
Cover Page - shares
 6 Months Ended
Mar. 31, 2021
May 03, 2021
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2021  
Document Transition Report false  
Entity File Number 0-22140  
Entity Registrant Name META FINANCIAL GROUP INC  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 42-1406262  
Entity Address, Address Line One 5501 South Broadband Lane  
Entity Address, City or Town Sioux Falls  
Entity Address, State or Province SD  
Entity Address, Postal Zip Code 57108  
City Area Code 605  
Local Phone Number 782-1767  
Title of 12(b) Security Common Stock, $.01 par value  
Trading Symbol CASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding (in shares)   31,925,179
Entity Central Index Key 0000907471  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.21.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
ASSETS    
Cash and cash equivalents $ 3,724,242 $ 427,367
Investment securities available for sale, at fair value 921,947 814,495
Mortgage-backed securities available for sale, at fair value 558,833 453,607
Investment securities held to maturity, at cost 67,709 87,183
Mortgage-backed securities held to maturity, at cost 4,403 5,427
Loans held for sale 67,635 183,577
Loans and leases 3,657,531 3,322,765
Allowance for credit losses (98,892) (56,188)
Federal Reserve Bank and Federal Home Loan Bank stocks, at cost 28,433 27,138
Accrued interest receivable 17,429 16,628
Premises, furniture, and equipment, net 41,510 41,608
Rental equipment, net 211,397 205,964
Bank-owned life insurance 93,542 92,315
Foreclosed real estate and repossessed assets. net 1,483 9,957
Goodwill 309,505 309,505
Intangible assets 36,903 41,692
Prepaid assets 10,201 8,328
Deferred taxes, net 25,435 17,723
Other assets 110,877 82,983
Total assets 9,790,123 6,092,074
Deposits:    
Noninterest-bearing checking 7,928,235 4,356,630
Interest-bearing checking 416,164 157,571
Savings deposits 126,834 47,866
Money market deposits 55,045 48,494
Time certificates of deposit 12,614 20,223
Wholesale deposits 103,521 348,416
Total deposits 8,642,413 4,979,200
Short-term borrowings 0 0
Long-term borrowings 95,336 98,224
Accrued interest payable 679 1,923
Accrued expenses and other liabilities 216,437 165,419
Total liabilities 8,954,865 5,244,766
STOCKHOLDERS’ EQUITY    
Preferred stock, 3,000,000 shares authorized, no shares issued and no shares outstanding at March 31, 2021 and September 30, 2020, respectively 0 0
Additional paid-in capital 601,222 594,569
Retained earnings 225,471 234,927
Accumulated other comprehensive income 12,809 17,542
Treasury stock, at cost, 202,395 and 118,274 common shares at March 31, 2021 and September 30, 2020, respectively (5,655) (3,677)
Total equity attributable to parent 834,166 843,705
Noncontrolling interest 1,092 3,603
Total stockholders’ equity 835,258 847,308
Total liabilities and stockholders’ equity 9,790,123 6,092,074
Common stock, $0.01 par value; 90,000,000 shares authorized, 32,128,403 and 34,479,164 shares issued, 31,926,008 and 34,360,890 shares outstanding at March 31, 2021 and September 30, 2020, respectively    
STOCKHOLDERS’ EQUITY    
Common stock 319 344
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2021 and September 30, 2020, respectively    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0
v3.21.1
Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares
Mar. 31, 2021
Sep. 30, 2020
STOCKHOLDERS’ EQUITY    
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) 202,395 118,274
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) 32,128,403 34,479,164
Common stock, shares outstanding (in shares) 31,926,008 34,360,890
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
v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income:        
Loans and leases, including fees $ 68,472 $ 70,493 $ 130,128 $ 139,195
Mortgage-backed securities 2,608 2,493 4,730 4,882
Other investments 4,589 6,417 8,956 12,952
Total interest and dividend income 75,669 79,403 143,814 157,029
Interest expense:        
Deposits 445 8,242 1,241 17,583
FHLB advances and other borrowings 1,374 3,424 2,724 7,058
Total interest expense 1,819 11,666 3,965 24,641
Net interest income 73,850 67,737 139,849 132,388
Provision for credit losses 30,290 37,296 36,379 40,703
Net interest income after provision for credit losses 43,560 30,441 103,470 91,685
Noninterest income:        
Securities available for sale, net 6 0 6 0
Gain on divestitures 0 19,275 0 19,275
Gain (loss) on sale of other 2,133 2,325 4,981 (244)
Other income 4,218 5,801 11,532 9,047
Total noninterest income 113,453 120,513 158,908 157,995
Noninterest expense:        
Compensation and benefits 43,932 34,260 76,263 68,529
Refund transfer product expense 6,146 7,449 6,207 7,621
Tax advance product expense 2,189 1,698 2,559 2,830
Card processing 7,212 6,696 13,329 12,303
Occupancy and equipment expense 6,748 7,013 13,636 13,668
Operating lease equipment depreciation 7,419 8,421 15,000 16,701
Legal and consulting 6,045 5,909 11,292 10,583
Intangible amortization 2,757 3,402 4,770 6,077
Impairment expense 554 507 1,713 750
Other expense 12,969 16,374 23,777 28,464
Total noninterest expense 95,971 91,729 168,546 167,526
Income before income tax expense 61,042 59,225 93,832 82,154
Income tax expense 1,133 5,617 4,665 6,297
Net income before noncontrolling interest 59,909 53,608 89,167 75,857
Net income attributable to noncontrolling interest 843 1,304 2,064 2,485
Net income attributable to parent $ 59,066 $ 52,304 $ 87,103 $ 73,372
Earnings per common share        
Basic (in dollars per share) $ 1.84 $ 1.45 $ 2.66 $ 2.00
Diluted (in dollars per share) $ 1.84 $ 1.45 $ 2.65 $ 2.00
Refund transfer product fees        
Noninterest income:        
Noninterest income: $ 22,680 $ 28,939 $ 23,327 $ 29,131
Total noninterest income 22,680 28,939 23,327 29,131
Tax advance product fees        
Noninterest income:        
Noninterest income: 44,562 29,536 46,522 31,812
Total noninterest income 44,562 29,536 46,522 31,812
Payment card and deposit fees        
Noninterest income:        
Noninterest income: 29,875 23,156 52,439 44,655
Total noninterest income 29,875 23,156 52,439 44,655
Other bank and deposit fees        
Noninterest income:        
Noninterest income: 133 381 370 868
Total noninterest income 133 381 370 868
Rental income        
Noninterest income:        
Noninterest income: 9,846 11,100 19,731 23,451
Total noninterest income $ 9,846 $ 11,100 $ 19,731 $ 23,451
v3.21.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]        
Net income before noncontrolling interest $ 59,909 $ 53,608 $ 89,167 $ 75,857
Other comprehensive income (loss):        
Change in net unrealized (loss) on debt securities (9,923) (2,079) (7,077) (5,492)
Net (gain) realized on investment securities (6) 0 (6) 0
Total (9,929) (2,079) (7,083) (5,492)
Unrealized gain (loss) on currency translation 126 (680) 571 (564)
Deferred income tax effect (2,493) (518) (1,779) (1,371)
Total other comprehensive (loss) (7,310) (2,241) (4,733) (4,685)
Total comprehensive income 52,599 51,367 84,434 71,172
Total comprehensive income attributable to noncontrolling interest 843 1,304 2,064 2,485
Comprehensive income attributable to parent $ 51,756 $ 50,063 $ 82,370 $ 68,687
v3.21.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Adjustment
Total Meta Stockholders’ Equity
Total Meta Stockholders’ Equity
Adjustment
    Common Stock
  Additional Paid-in Capital
    Retained Earnings
    Retained Earnings
Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax
    Treasury Stock
Noncontrolling Interest
Noncontrolling Interest
Adjustment
Beginning Balance at Sep. 30, 2019 $ 843,958   $ 839,911   $ 378 $ 580,826 $ 252,813   $ 6,339 $ (445) $ 4,047  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (3,653)   (3,653)       (3,653)          
Issuance of common shares due to exercise of stock options 205   205     205            
Issuance of common shares due to restricted stock 2   2   2              
Issuance of common shares due to ESOP 3,220   3,220   1 3,219            
Shares repurchased (113,457)   (113,457)   (35) 35 (110,505)     (2,952)    
Stock compensation 6,397   6,397     6,397            
Total other comprehensive (loss) (4,685)   (4,685)           (4,685)      
Net income 75,857   73,372       73,372       2,485  
Net investment by (distribution to) noncontrolling interests (2,770)                   (2,770)  
Ending Balance at Mar. 31, 2020 805,074   801,312   346 590,682 212,027   1,654 (3,397) 3,762  
Beginning Balance at Dec. 31, 2019 837,068   832,763   372 587,678 244,005   3,895 (3,187) 4,305  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,783)   (1,783)       (1,783)          
Issuance of common shares due to exercise of stock options 87   87     87            
Shares repurchased (82,709)   (82,709)   (26) 26 (82,499)     (210)    
Stock compensation 2,891   2,891     2,891            
Total other comprehensive (loss) (2,241)   (2,241)           (2,241)      
Net income 53,608   52,304       52,304       1,304  
Net investment by (distribution to) noncontrolling interests (1,847)                   (1,847)  
Ending Balance at Mar. 31, 2020 805,074   801,312   346 590,682 212,027   1,654 (3,397) 3,762  
Beginning Balance at Sep. 30, 2020 847,308 $ (10,803) 843,705 $ (8,351) 344 594,569 234,927 $ (8,351) 17,542 (3,677) 3,603 $ (2,452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (3,209)   (3,209)       (3,209)          
Issuance of common shares due to ESOP 3,036   3,036   2 3,034            
Shares repurchased (86,977)   (86,977)   (27) 27 (84,999)     (1,978)    
Stock compensation 3,592   3,592     3,592            
Total other comprehensive (loss) (4,733)   (4,733)           (4,733)      
Net income 89,167   87,103       87,103       2,064  
Net investment by (distribution to) noncontrolling interests (2,123)                   (2,123)  
Ending Balance at Mar. 31, 2021 835,258   834,166   319 601,222 225,471   12,809 (5,655) 1,092  
Beginning Balance at Dec. 31, 2020 813,210   811,674   326 598,669 198,000   20,119 (5,440) 1,536  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Cash dividends declared on common stock (1,595)   (1,595)       (1,595)          
Shares repurchased (30,215)   (30,215)   (7) 7 (30,000)     (215)    
Stock compensation 2,546   2,546     2,546            
Total other comprehensive (loss) (7,310)   (7,310)           (7,310)      
Net income 59,909   59,066       59,066       843  
Net investment by (distribution to) noncontrolling interests (1,287)                   (1,287)  
Ending Balance at Mar. 31, 2021 $ 835,258   $ 834,166   $ 319 $ 601,222 $ 225,471   $ 12,809 $ (5,655) $ 1,092  
v3.21.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]          
Accounting Standards Update [Extensible List]         us-gaap:AccountingStandardsUpdate201613Member
Cash dividends declared on common stock (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10  
v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income before noncontrolling interest $ 89,167 $ 75,857
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 28,414 33,713
Stock compensation 3,592 6,397
Provision (recovery):    
Provision for credit losses 36,379 40,703
Deferred taxes (5,933) (633)
Loans held for sale:    
Originations (361,722)  
Proceeds from sales 575,931 160,290
Net change 5,500 17,860
Fair value adjustment of foreclosed real estate 466 104
Net realized (gain) loss:    
Other assets 0 361
Divestitures 0 (19,275)
Foreclosed real estate and repossessed assets (4) 5,039
Securities available for sale, net (6) 0
Loans held for sale (4,610) (3,265)
Leases receivable and equipment (360) (1,893)
Net change:    
Other assets (28,635) (4,588)
Deposits held for sale 0 1,535
Accrued interest payable (1,244) (5,807)
Accrued expenses and other liabilities 51,018 (10,470)
Accrued interest receivable (801) 2,325
Change in bank-owned life insurance value (1,227) (1,254)
Impairment on assets held for sale 0 242
Net cash provided by operating activities 385,925 265,007
Securities available for sale:    
Purchases (411,458) (40,686)
Proceeds from sales 50,468 0
Proceeds from maturities and principal repayments 137,635 106,049
Securities held to maturity:    
Proceeds from maturities and principal repayments 19,536 18,897
Loans and leases:    
Purchases (99,083) (117,677)
Proceeds from sales 12,005 3,099
Net change (353,781) (130,037)
Proceeds from sales of foreclosed real estate and repossessed assets 8,021 23,085
Federal Reserve Bank and Federal Home Loan Bank stock:    
Purchases (1,295) (421,068)
Redemption 0 422,040
Rental equipment:    
Purchases (26,212) (22,675)
Proceeds from sales 7,830 10,508
Net change 0 3,131
Premises, furniture, and equipment:    
Purchases (4,254) (4,817)
Proceeds from divestitures 0 3,498
Net cash (used in) investing activities (660,588) (146,653)
Cash flows from financing activities:    
Checking, savings, and money market deposits 3,915,717 746,382
Time certificates of deposit (7,609) (83,793)
Wholesale deposits (244,895) (748,258)
FHLB and other borrowings 0 100,000
Federal funds 0 (25,000)
Securities sold under agreements to repurchase 0 (4,019)
Distribution to noncontrolling interests (2,123) (2,770)
Proceeds from other liabilities 0 1,633
Other liabilities (2,957) (4,372)
Capital lease obligations (16) (1,722)
Cash dividends paid (3,209) (3,653)
Issuance of common stock due to ESOP 3,036 3,220
Issuance of common stock due to restricted stock 0 2
Proceeds from exercise of stock options and issuance of common stock 0 205
Shares repurchased (86,977) (113,457)
Net cash provided by (used in) financing activities 3,570,967 (135,602)
Effect of exchange rate changes on cash 571 (564)
Net change in cash and cash equivalents 3,296,875 (17,812)
Cash and cash equivalents at beginning of fiscal year 427,367 126,545
Cash and cash equivalents at end of fiscal period 3,724,242 108,733
Supplemental disclosure of cash flow information    
Interest 3,063 17,473
Income taxes 3,176 5,148
Franchise taxes 100 131
Other taxes 591 415
Supplemental schedule of non-cash investing activities    
Loans and leases to foreclosed real estate and repossessed assets 9 5,983
Loans and leases to rental equipment 2,378 430
Rental equipment to loan and leases 62 605
Loans and leases to held for sale 99,922 277,016
Other assets to held for sale 0 7,858
Deposits to held for sale 0 288,975
Recognition of operating lease ROU assets, net of remeasurements $ 12,681 $ 27,019
v3.21.1
BASIS OF PRESENTATION
 6 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction with the audited consolidated financial statements and accompanying notes to the consolidated financial statements for the fiscal year ended September 30, 2020 included in Meta Financial Group, Inc.’s (“Meta” or the “Company”) Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on November 30, 2020. Accordingly, footnote disclosures which would substantially duplicate the disclosures contained in the audited consolidated financial statements have been omitted.

The financial information of the Company included herein has been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial reporting and has been prepared pursuant to the rules and regulations for reporting on Form 10-Q and Rule 10-01 of Regulation S-X. Such information reflects all adjustments (consisting of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position and results of operations for the periods presented. The results of the three and six months ended March 31, 2021 are not necessarily indicative of the results expected for the fiscal year ending September 30, 2021.
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.
v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
 6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES (ASU) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU")
Significant accounting policies in effect and disclosed within the Company’s most recent audited consolidated financial statements as of September 30, 2020 remain substantially unchanged with the exception of the accounting policies for allowance for credit losses and securities impairment as a result of adopting ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related ASUs, as described below.

Allowance for Credit Losses ("ACL"). The ACL represents management’s estimate of current credit losses expected to be incurred by the loan and lease portfolio over the life of each financial asset as of the balance sheet date. The Company individually evaluates loans and leases that do not share similar risk characteristics with other financial assets for impairment, which generally means loans and leases identified as troubled debt restructurings or loans and leases on nonaccrual status. All other loans and leases are evaluated collectively for impairment. A reserve for unfunded credit commitments such as letters of credit and binding unfunded loan commitments is recorded in other liabilities on the Condensed Consolidated Statements of Financial Condition.

Individually evaluated loans and leases are a key component of the ACL. Generally, the Company measures impairment on individually evaluated loans based on the fair value of the collateral less estimated selling costs, as the Company considers these financial assets to be collateral dependent. If an individually evaluated loan or lease is not collateral dependent, impairment is measured at the present value of expected future cash flows discounted at the loan or lease initial effective interest rate.

The impairment of all other loans and leases is evaluated collectively by various characteristics. The collective evaluation of expected losses in all commercial finance portfolios is based on a cohort loss rate and adjustments for forward-looking information, including industry and macroeconomic forecasts. The cohort loss rate is a life of loan loss rate that immediately reverts to historical loss information for the remaining maturity of the financial asset. Management has elected to use a twelve-month reasonable and supportable forecast for forward-looking information. Factors utilized in the determination of the allowance include historical loss experience, current economic forecasts and measurement date credit characteristics such as product type, delinquency, and industry. The unfunded credit commitments depend on these same factors, as well as estimates of lines of credit usage. The various quantitative and qualitative factors used in the methodologies are reviewed quarterly.

The collective evaluation of expected credit losses for certain consumer lending portfolios utilize different methodologies when estimating expected credit losses. The Company’s student loan portfolio utilizes a roll-rate historical loss rate and adjustments for forward-looking information, including macroeconomic conditions. Management has elected to use a twelve-month reasonable and supportable forecast with an immediate reversion to historical loss rates. Factors utilized in the determination of the allowance include historical loss experience, current economic forecasts, and measurement date credit characteristics including delinquency.
Loans and leases are charged off to the extent they are deemed uncollectible. Net charge-offs are included in historical data utilized for calculating the ACL. For commercial loans, the Company generally fully charges off or charges down to net realizable value (fair value of collateral, less estimated costs to sell) for loans secured by collateral when management judges the loan to be uncollectible, repayment is deemed to be protracted beyond a reasonable timeframe, the loan has been classified as a loss by either the Company’s internal loan review process or its banking regulatory agencies, the Company has filed bankruptcy and the loss becomes evident owing to lack of assets, or the loans meets a defined number of days past due unless the loan is both well-secured and is in the process of collection. For consumer loans, the Company fully charges off or charges down to net realizable value when deemed uncollectible due to bankruptcy or other factors or meets a defined number of days past due.

The amount of ACL depends significantly on management’s estimates or key factors and assumptions affecting valuation, appraisals of collateral, evaluations of performance and status, the amounts and timing of future cash flows expected to be received, forecasts of future economic conditions and reversion periods. Such estimates, appraisals, evaluations, cash flows and forecasts may be subject to frequent adjustments due to changing economic prospects of borrowers, lessees, properties or economic conditions. These estimates are reviewed quarterly and adjustments, if necessary, are recorded in the provision for credit losses in the periods in which they become known.

Accrued interest receivable is presented separately on the Condensed Consolidated Statements of Financial Condition, and an ACL is not recorded for these balances. Generally, when a loan or lease is placed on nonaccrual status, typically when the collection of interest or principal is 90 days or more past due, uncollected interest accrued in prior years is charged off against the ACL and interest accrued in the current year is reversed against interest income.

Management maintains a framework of controls over the estimation process for the ACL, including review of collective reserve methodologies for compliance with GAAP. Management has a quarterly process to review the appropriateness of historical observation periods and loss assumptions and risk ratings assigned to loans and leases, if applicable. Management reviews its qualitative framework and the effect on the collective reserve compared with relevant credit risk factors and consistency with credit trends. Management also maintains controls over information systems, models and spreadsheets used in the quantitative components of the reserve estimate. This includes the quality and accuracy of historical data used to derive loss rates, the inputs to industry and macroeconomic forecasts and the reversion periods utilized. The results of this process are summarized and presented to management quarterly for their approval of the recorded allowance. See Note 6. Loans and Leases, Net for further information.

Securities Impairment. The Company evaluates investment securities held-to-maturity for credit losses on a quarterly basis and records any such losses as a component of provision for credit losses in the Condensed Consolidated Statements of Operations. The Company has concluded that its portfolio as of March 31, 2021 has a zero risk of credit loss due to the U.S. Government financial guarantees underlying the securities within the held-to-maturity portfolio and as a result has not recorded an allowance for credit loss.

The Company evaluates investment securities available-for-sale for credit losses on a quarterly basis and records any such losses as a component of provision for credit losses in the Condensed Consolidated Statements of Operations. See Note 5. Securities for further information.
Adopted ASUs
Effective October 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and subsequent related ASUs (collectively “Topic 326”), which changes the impairment model for most financial assets, including trade and other receivables, debt securities held-to-maturity, loans, net investments in leases, purchased financial assets with credit deterioration, and off-balance sheet credit exposures. ASU 2016-13 requires the use of a current expected credit loss (“CECL”) methodology to determine the allowance for credit losses for loans and debt securities held-to-maturity. CECL requires loss estimates for the remaining estimated life of the assets to be measured using historical loss data, adjustments for current conditions, and adjustments for reasonable and supportable forecasts of future economic conditions. The Company adopted CECL using the modified retrospective approach with a cumulative effect adjustment to Retained Earnings recorded on October 1, 2020.
Our adoption resulted in an ACL as of October 1, 2020 that is larger than the allowance for loan and lease losses (“ALLL”) that would have been recorded under legacy guidance on the same date by $12.8 million in total for all portfolios. A portion of this increase is a result of new requirements to record ACL on acquired loans and leases, regardless of any credit mark recorded. Under legacy guidance, credit marks were included in the determination of fair value adjustments reflected as a discount to the carrying value of the loans and leases and an ALLL was not recorded on acquired loans and leases until evidence of credit deterioration existed post acquisition. The remaining credit and interest mark will continue to accrete over the life of the loan or lease but will no longer be considered when estimating the ACL for acquired loans and leases under CECL. The adoption of CECL also resulted in an increase in the liability of unfunded commitments of $0.8 million. For other assets in scope of the standard such as held-to-maturity debt securities and trade and other receivables, the impact from this ASU was inconsequential. The cumulative tax effected adjustment to record ACL and to increase the unfunded commitments liability resulted in a reduction to retained earnings of $8.4 million along with $2.5 million attributable to noncontrolling interests. Post adoption, as loans and leases are added to the portfolio, the Company expects higher levels of ACL determined by CECL assumptions, resulting in accelerated recognition of provision for credit losses, as compared to historical results. In response to the COVID-19 pandemic, regulatory agencies have published a final rule that provides the option to delay the cumulative effect of the day 1 impact to CECL adoption on regulatory capital for two years, followed by a three-year phase in period. Management has elected this five-year transition period consistent with the final rule. Additional and modified disclosure requirements under CECL are included in Note 5. Securities and Note 6. Loans and Leases, Net.

The Company also adopted the following ASUs on October 1, 2020, none of which had a material impact on the Company’s Condensed Consolidated Financial Statements:

–ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.
–ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.
–ASU 2018-17, Consolidation (Topic 810) – Targeted Improvements to Related Party Guidance for Variable Interest Entities.

ASUs to be Adopted
ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in this ASU are intended to simplify the accounting for income taxes by removing certain exceptions to the general rules found in Topic 740, Income Taxes. The majority of the amendments are to be applied on a prospective basis. This ASU is effective for fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.
ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying Interactions between Topics 321, 323 and 815. This ASU clarifies the interactions between Topic 321, Topic 323 and Topic 815, including accounting for the transition into and out of the equity method and measuring certain purchased options and forward contracts to acquire investments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020. Management is currently evaluating the impact of this guidance on the consolidated financial statements.

ASU 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in this ASU provide optional expedients and exceptions to applying GAAP to contracts, hedging relationships and other transactions impacted by reference rate reform if certain criteria are met. The amendments include a one-time sale or transfer election of held-to-maturity debt securities impacted by reference rate reform. The amendments in this ASU are effective upon issuance through December 31, 2022. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.

ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs. This ASU clarifies that an entity should amortize any premium, if applicable, to the next call date, which is the first date when a call option at a specified price becomes exercisable. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020. Management is currently evaluating the impact of this guidance on the consolidated financial statements.
ASU 2020-10, Codification Improvements. This ASU provides clarification, corrects unintended application of guidance, and makes minor improvements to various Topics that are not expected to have a significant impact on the Company’s current accounting policies and practices. Amendments within this ASU are effective for fiscal years beginning after December 15, 2020.
v3.21.1
SIGNIFICANT EVENTS
 6 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SIGNIFICANT EVENTS SIGNIFICANT EVENTS
COVID-19 Pandemic

The COVID-19 pandemic began impacting the U.S. and global economies in the first calendar quarter of 2020. Since the onset of this pandemic, macroeconomic conditions and markets have significantly deteriorated. In response to the impacts of COVID-19, the U.S. federal government enacted the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") on March 27, 2020. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. In addition to the CARES Act, the U.S. federal government enacted the Consolidated Appropriations Act of 2021 ("CAA") on December 27, 2020 and the American Rescue Plan Act of 2021 ("ARP Act") on March 11, 2021, which provide additional COVID-19 relief to American families and business.

The Company is participating in the Paycheck Protection Program ("PPP"), which is being administered by the Small Business Administration ("SBA"). It is the Company's understanding that loans funded through the PPP program are fully guaranteed by the U.S. government and that a portion of these loans will ultimately be forgiven by the SBA in accordance with the terms of the program. See Note 6. Loans and Leases, Net for further information related to this program.

In response to the COVID-19 pandemic impact on customers, the Company is engaging in more frequent communication with borrowers to better understand their situation and challenges and has been offering credit-worthy borrowers experiencing temporary hardship certain loan and lease modifications ("COVID modifications"), such as payment deferrals, as a result of interagency guidance issued on March 22, 2020 encouraging companies to work with customers impacted by COVID-19. The Company elected to treat COVID modifications on leases as part of the enforceable rights and obligations of the parties under the existing lease contract, resulting in these payment deferrals being treated as variable lease payments under the existing lease versus lease modifications. Additionally, for COVID modifications on loans, the Company adjusted its effective interest rate to reflect the payment deferral modification and continued accruing interest during this period. Short-term modifications made on a good faith basis in response to COVID-19 borrowers whose payments were current prior to any relief, are not to be considered troubled debt restructurings, and will not be considered delinquent so long as they meet their revised obligations under the modification agreement.
The table below presents the outstanding balances of active COVID-19 related modifications.

As of the Period Ended
(Dollars in Thousands)March 31, 2021December 31, 2020September 30, 2020
National Lending
Term lending$5,460 $18,321 $26,559 
Asset based lending— 1,124 7,924 
Factoring— — 18,434 
Lease financing379 1,637 5,896 
Insurance premium finance— — 230 
SBA/USDA— — 7,724 
Other commercial finance— — 69 
Commercial finance5,839 21,082 66,836 
Consumer credit products301 1,210 1,574 
Other consumer finance1,627 2,682 4,223 
Consumer finance1,928 3,892 5,797 
Total National Lending7,767 24,974 72,633 
Community Banking
Commercial real estate and operating58,707 60,319 120,695 
Total Community Banking58,707 60,319 120,695 
Total loans and leases66,474 85,293 193,328 
Total COVID-19 related modifications$66,474 $85,293 $193,328 
v3.21.1
DIVESTITURES
 6 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
During the fiscal year ended September 30, 2020, the Company sold the Bank's Community Bank division, a component of the Company's Corporate segment, to Central Bank, a state-chartered bank headquartered in Storm Lake, Iowa. The sale included $290.5 million of deposits; $268.6 million of loans; $4.9 million of premises, furniture, and equipment; and $1.3 million of other assets and closed February 29, 2020 (the "Closing Date"). The sale resulted in a gain of $19.3 million before tax that was recognized within noninterest income on the Company's Condensed Consolidated Statements of Operations.

The Company entered a servicing agreement with Central Bank for the retained Community Bank loan portfolio that became effective on the Closing Date. The Company recognized $1.6 million and $0.3 million in servicing fee expense during the six months ended March 31, 2021 and 2020, respectively, and $3.5 million for the fiscal year ended September 30, 2020.

Since the Closing Date, the Company has entered into subsequent loan portfolio sale agreements with Central Bank. The Company sold additional loans from the retained Community Bank portfolio in the amount of $103.2 million and none in the three months ended March 31, 2021 and 2020, respectively, and $233.0 million and none for the six months ended March 31, 2021 and 2020, respectively. The sales did not result in any significant gains or losses to the Condensed Consolidated Statements of Operations.
v3.21.1
SECURITIES
 6 Months Ended
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.

Securities Available For Sale
(Dollars in Thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2021
Debt securities AFS    
SBA securities$166,348 $3,846 $(188)$170,006 
Obligations of states and political subdivisions2,807 10 (1)2,816 
Non-bank qualified obligations of states and political subdivisions288,119 8,285 (682)295,722 
Asset-backed securities453,686 2,726 (3,009)453,403 
Mortgage-backed securities553,184 11,613 (5,964)558,833 
Total debt securities AFS$1,464,144 $26,480 $(9,844)$1,480,780 
At September 30, 2020
Debt securities AFS    
SBA securities$159,722 $5,391 $(158)$164,955 
Obligations of states and political subdivisions825 16 — 841 
Non-bank qualified obligations of states and political subdivisions314,819 8,978 (23)323,774 
Asset-backed securities329,139 2,015 (6,229)324,925 
Mortgage-backed securities439,879 14,567 (839)453,607 
Total debt securities AFS$1,244,384 $30,967 $(7,249)$1,268,102 

Securities Held To Maturity
(Dollars in Thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2021
Debt securities HTM    
Non-bank qualified obligations of states and political subdivisions$67,709 $1,083 $— $68,792 
Mortgage-backed securities4,403 99 — 4,502 
Total debt securities HTM$72,112 $1,182 $— $73,294 
At September 30, 2020
Debt securities HTM    
Non-bank qualified obligations of states and political subdivisions$87,183 $1,040 $(29)$88,194 
Mortgage-backed securities5,427 124 — 5,551 
Total debt securities HTM$92,610 $1,164 $(29)$93,745 
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)
At March 31, 2021
Debt securities AFS
SBA securities$25,310 $(24)$31,825 $(164)$57,135 $(188)
Obligations of state and political subdivisions1,980 (1)— — 1,980 (1)
Non-bank qualified obligations of states and political subdivisions53,328 (682)— — 53,328 (682)
Asset-backed securities75,473 (782)189,365 (2,227)264,838 (3,009)
Mortgage-backed securities291,358 (5,088)35,484 (876)326,842 (5,964)
Total debt securities AFS$447,449 $(6,577)$256,674 $(3,267)$704,123 $(9,844)

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in Thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
At September 30, 2020
Debt securities AFS
SBA securities$32,257 $(102)$9,875 $(56)$42,132 $(158)
Non-bank qualified obligations of states and political subdivisions6,265 (6)3,103 (17)9,368 (23)
Asset-backed securities106,474 (1,089)178,686 (5,140)285,160 (6,229)
Mortgage-backed securities138,338 (839)— — 138,338 (839)
Total debt securities AFS$283,334 $(2,036)$191,664 $(5,213)$474,998 $(7,249)

There were no debt securities HTM with a continuous loss position at March 31, 2021.

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in Thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
At September 30, 2020
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions$7,397 $(9)$3,637 $(20)$11,034 $(29)
Total debt securities HTM$7,397 $(9)$3,637 $(20)$11,034 $(29)

The adoption of CECL was inconsequential to debt securities AFS. At March 31, 2021, there were no ACL for debt securities AFS. At March 31, 2021, there were 49 securities AFS in an unrealized loss position. Management assessed each investment security with unrealized losses for credit impairment and determined substantially all unrealized losses on these securities were due to credit spreads and interest rates versus credit impairment. 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.
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("MBS") because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

At March 31, 2021At September 30, 2020
(Dollars in Thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities AFS at Fair Value
Due in one year or less$245 $247 $1,385 $1,398 
Due after one year through five years17,621 18,199 20,805 21,769 
Due after five years through ten years51,152 52,585 32,441 34,025 
Due after ten years841,942 850,916 749,874 757,303 
910,960 921,947 804,505 814,495 
Mortgage-backed securities553,184 558,833 439,879 453,607 
Total securities AFS, at fair value$1,464,144 $1,480,780 $1,244,384 $1,268,102 

At March 31, 2021At September 30, 2020
(Dollars in Thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$67,709 $68,792 $87,183 $88,194 
67,709 68,792 87,183 88,194 
Mortgage-backed securities4,403 4,502 5,427 5,551 
Total securities HTM, at cost$72,112 $73,294 $92,610 $93,745 

Other investments, at cost, include equity securities without a readily determinable fair value, which are included in other assets on the Condensed Consolidated Statements of Financial Condition, and shares of stock in the Federal Reserve Bank (the "FRB") of Minneapolis and the FHLB of Des Moines.

Equity Securities
Equity securities without a readily determinable fair value totaled $13.7 million at March 31, 2021 and $11.0 million at September 30, 2020.

FRB Stock
The Bank is required by federal law to subscribe to capital stock (divided into shares of $100 each) as a member of the FRB of Minneapolis with an amount equal to six per centum of the paid-up capital stock and surplus. One-half of the subscription is paid at time of application, and one-half is subject to call of the Board of Governors of the Federal Reserve System. FRB of Minneapolis stock held by the Bank totaled $19.7 million at March 31, 2021 and September 30, 2020. These equity securities are 'restricted' in that they can only be owned by member banks.

FHLB Stock
The Company's borrowings from the FHLB are secured by a blanket collateral agreement with respect to a percentage of unencumbered loans and the pledge of specific investment securities. Such advances can be made pursuant to several different credit programs, each of which has its own interest rate and range of maturities.

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

The FHLB stock is carried at cost since it is generally redeemable at par value. The carrying value of the stock held at the FHLB was $8.8 million and $7.5 million at March 31, 2021 and September 30, 2020, respectively.
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. The Company evaluates impairment for investments held at cost on at least an annual basis based on the ultimate recoverability of the par value.

Equity Security Impairment
For investments held at cost, impairment is evaluated on at least an annual basis on the 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 $1.5 million in impairment recognized for such investments for the six months ended March 31, 2021.
v3.21.1
LOANS AND LEASES, NET
 6 Months Ended
Mar. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
LOANS AND LEASES, NET LOANS AND LEASES, NET
Loans and leases consist of the following:
(Dollars in Thousands)March 31, 2021September 30, 2020
National Lending
Term lending$891,414 $805,323 
Asset based lending248,735 182,419 
Factoring277,612 281,173 
Lease financing308,169 281,084 
Insurance premium finance344,841 337,940 
SBA/USDA331,917 318,387 
Other commercial finance103,234 101,658 
Commercial finance2,505,922 2,307,984 
Consumer credit products104,842 89,809 
Other consumer finance130,822 134,342 
Consumer finance235,664 224,151 
Tax services225,921 3,066 
Warehouse finance332,456 293,375 
Total National Lending3,299,963 2,828,576 
Community Banking
Commercial real estate and operating335,587 457,371 
Consumer one-to-four family real estate and other4,567 16,486 
Agricultural real estate and operating7,911 11,707 
Total Community Banking348,065 485,564 
Total loans and leases3,648,028 3,314,140 
Net deferred loan origination costs (fees)9,503 8,625 
Total gross loans and leases3,657,531 3,322,765 
Allowance for credit losses(98,892)(56,188)
Total loans and leases, net$3,558,639 $3,266,577 

During the six months ended March 31, 2021, the Company transferred $99.9 million of Community Banking loans to held for sale. During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale.

During the six months ended March 31, 2021 and 2020, the Company originated $361.7 million of other consumer finance, SBA/USDA, and consumer credit product loans as held for sale and $32.2 million of SBA/USDA and consumer credit product loans as held for sale, respectively.

The Company sold held for sale loans resulting in proceeds of $476.0 million and gains on sale of $4.6 million during the six months ended March 31, 2021. The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020.
Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Loans Purchased
Loans held for investment:
Total National Lending$33,605 $89,424 $96,236 $103,888 
Total Community Banking548 9,440 2,847 13,789 
Total purchases$34,153 $98,864 $99,083 $117,677 
Loans Sold
Loans held for sale:
Total National Lending$24,382 $17,255 $346,246 $160,290 
Total Community Banking— 271,681 129,788 271,681 
Loans held for investment:
Total Community Banking— — — 3,099 
Total sales$24,382 $288,936 $476,034 $435,070 

Leasing Portfolio. The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands)March 31, 2021September 30, 2020
Carrying amount$327,238 $299,487 
Unguaranteed residual assets17,835 17,203 
Unamortized initial direct costs2,247 2,078 
Unearned income(36,904)(35,606)
Total net investment in direct financing and sales-type leases$310,416 $283,162 

The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $8.1 million at March 31, 2021.

The components of total lease income were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$6,116 $4,375 $11,435 $8,462 
Leasing and equipment finance noninterest income
Lease income from operating lease payments9,735 11,263 19,776 22,466 
Profit (loss) recorded on commencement date on sales-type leases59 16 130 487 
Other(1)
1,687 1,831 1,756 2,581 
Total leasing and equipment finance noninterest income11,481 13,110 21,662 25,534 
Total lease income$17,597 $17,485 $33,097 $33,996 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$63,369 
2022108,413 
202379,701 
202447,563 
202520,468 
Thereafter7,724 
Equipment under leases not yet commenced— 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases327,238 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type lease$327,238 

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

The COVID-19 pandemic began impacting the U.S. and global economies in the first calendar quarter of 2020. Since the onset of this pandemic, macroeconomic conditions and markets have significantly deteriorated. Although the ultimate impact of this pandemic on the Company's loan and lease portfolio is difficult to predict, management continues to evaluate the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses and the impact to our customers and businesses as a result of COVID-19 and will refine our estimate as more information becomes available.

Effective October 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and subsequent related ASUs on a modified retrospective basis. Financial information at and for the quarter ended March 31, 2021 is reflected as such. The historical information disclosed is in accordance with Topic 310.
Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended March 31, 2021
(Dollars in Thousands)Beginning Balance
Provision (Recovery) for Credit Losses(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
National Lending
Term lending $28,220 $1,396 $(2,477)$176 $27,315 
Asset based lending1,809 539 (599)— 1,749 
Factoring3,719 (545)— 36 3,210 
Lease financing6,784 420 (471)130 6,863 
Insurance premium finance1,285 103 (149)87 1,326 
SBA/USDA3,164 136 — — 3,300 
Other commercial finance479 62 — — 541 
Commercial finance45,460 2,111 (3,696)429 44,304 
Consumer credit products835 155 — — 990 
Other consumer finance10,176 266 (419)70 10,093 
Consumer finance11,011 421 (419)70 11,083 
Tax services1,412 27,680 — 54 29,146 
Warehouse finance319 13 — — 332 
Total National Lending58,202 30,225 (4,115)553 84,865 
Community Banking
Commercial real estate and operating14,121 (22)(134)— 13,965 
Consumer one-to-four family real estate and other19 (2)— — 17 
Agricultural real estate and operating47 (2)— — 45 
Total Community Banking14,187 (26)(134)— 14,027 
Total loans and leases72,389 30,199 (4,249)553 98,892 
Unfunded commitments(1)
688 91 — — 779 
Total$73,077 $30,290 $(4,249)$553 $99,671 

(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Six Months Ended March 31, 2021
(Dollars in Thousands)Beginning BalanceImpact of CECL Adoption
Provision (Recovery) for Credit Losses(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
National Lending
Term lending$15,211 $9,999 $7,422 $(5,789)$472 $27,315 
Asset based lending1,406 164 1,378 (1,199)— 1,749 
Factoring3,027 987 (1,961)(1)1,158 3,210 
Lease financing7,023 (556)1,532 (1,347)211 6,863 
Insurance premium finance2,129 (965)591 (805)376 1,326 
SBA/USDA940 2,720 (361)— 1 3,300 
Other commercial finance182 364 (5)— — 541 
Commercial finance29,918 12,713 8,596 (9,141)2,218 44,304 
Consumer credit products845 — 145 — — 990 
Other consumer finance2,821 5,998 1,748 (637)163 10,093 
Consumer finance3,666 5,998 1,893 (637)163 11,083 
Tax services2 — 28,134 — 1,010 29,146 
Warehouse finance294 (1)39 — — 332 
Total National Lending33,880 18,710 38,662 (9,778)3,391 84,865 
Community Banking
Commercial real estate and operating21,867 (5,616)(2,141)(145)— 13,965 
Consumer one-to-four family real estate and other298 (247)(34)— — 17 
Agricultural real estate and operating143 (74)(24)— — 45 
Total Community Banking22,308 (5,937)(2,199)(145)— 14,027 
Total loans and leases56,188 12,773 36,463 (9,923)3,391 98,892 
Unfunded commitments(1)
32 831 (84)— — 779 
Total$56,220 $13,604 $36,379 $(9,923)$3,391 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Three Months Ended March 31, 2020
(Dollars in Thousands)Beginning BalanceProvision (Recovery) for Loan and Lease LossesCharge-offsRecoveriesEnding Balance
Allowance for loan and lease losses:
National Lending
Term lending$6,750 $5,679 $(877)$95 $11,647 
Asset based lending1,995 803 — 28 2,826 
Factoring3,548 1,231 (345)10 4,444 
Lease financing1,695 1,043 (152)97 2,683 
Insurance premium finance970 1,935 (789)26 2,142 
SBA/USDA765 910 (117)— 1,558 
Other commercial finance160 392 — — 552 
Commercial finance15,883 11,993 (2,280)256 25,852 
Consumer credit products1,107 (25)— — 1,082 
Other consumer finance4,889 (1,308)(907)740 3,414 
Consumer finance5,996 (1,333)(907)740 4,496 
Tax services1,650 19,596 — 74 21,320 
Warehouse finance269 65 — — 334 
Total National Lending23,798 30,321 (3,187)1,070 52,002 
Community Banking
Commercial real estate and operating4,665 5,404 — — 10,069 
Consumer one-to-four family real estate and other1,031 1,319 — — 2,350 
Agricultural real estate and operating682 252 — — 934 
Total Community Banking6,378 6,975 — — 13,353 
Total$30,176 $37,296 $(3,187)$1,070 $65,355 

Six Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $5,533 $9,081 $(3,172)$205 $11,647 
Asset based lending2,437 342 — 47 2,826 
Factoring3,261 1,489 (735)429 4,444 
Lease financing1,275 1,546 (367)229 2,683 
Insurance premium finance1,024 2,076 (1,074)116 2,142 
SBA/USDA383 1,292 (117)— 1,558 
Other commercial finance683 (131)— — 552 
Commercial finance14,596 15,695 (5,465)1,026 25,852 
Consumer credit products1,044 38 — — 1,082 
Other consumer finance5,118 (833)(1,640)769 3,414 
Consumer finance6,162 (795)(1,640)769 4,496 
Tax services— 20,507 — 813 21,320 
Warehouse finance263 71 — — 334 
Total National Lending21,021 35,478 (7,105)2,608 52,002 
Community Banking
Commercial real estate and operating6,208 3,861 — — 10,069 
Consumer one-to-four family real estate and other1,053 1,297 — — 2,350 
Agricultural real estate and operating867 67 — — 934 
Total Community Banking8,128 5,225 — — 13,353 
Total$29,149 $40,703 $(7,105)$2,608 $65,355 
The following table provide additional disclosures previously required by ASC Topic 310 related to the Company's September 30, 2020 balances.

AllowanceLoans and Leases
(Dollars in Thousands)Ending Balance: Individually Evaluated for ImpairmentEnding Balance: Collectively Evaluated for ImpairmentTotalEnding Balance: Individually Evaluated for ImpairmentEnding Balance: Collectively Evaluated for ImpairmentTotal
Recorded Investment
National Lending
Term lending$3,155 $12,056 $15,211 $26,085 $779,238 $805,323 
Asset based lending355 1,051 1,406 5,317 177,102 182,419 
Factoring274 2,753 3,027 5,071 276,102 281,173 
Lease financing1,194 5,829 7,023 4,697 276,387 281,084 
Insurance premium finance— 2,129 2,129 — 337,940 337,940 
SBA/USDA— 940 940 1,436 316,951 318,387 
Other commercial finance— 182 182 — 101,658 101,658 
Commercial finance4,978 24,940 29,918 42,606 2,265,378 2,307,984 
Consumer credit products— 845 845 — 89,809 89,809 
Other consumer finance— 2,821 2,821 1,987 132,355 134,342 
Consumer finance— 3,666 3,666 1,987 222,164 224,151 
Tax services— 2 2 — 3,066 3,066 
Warehouse finance— 294 294 — 293,375 293,375 
Total National Lending4,978 28,902 33,880 44,593 2,783,983 2,828,576 
Community Banking
Commercial real estate and operating141 21,726 21,867 160 457,211 457,371 
Consumer one-to-four family real estate and other— 298 298 104 16,382 16,486 
Agricultural real estate and operating— 143 143 6,421 5,286 11,707 
Total Community Banking141 22,167 22,308 6,685 478,879 485,564 
Total$5,119 $51,069 $56,188 $51,278 $3,262,862 $3,314,140 
Information on impaired loans and leases, all of which are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:

(Dollars in Thousands)March 31, 2021
National Lending
Term lending$13,794 
Asset based lending373 
Factoring35 
Lease financing2,389 
SBA/USDA600 
Commercial finance17,191 
Consumer credit products2,097 
Consumer finance2,097 
Total National Lending19,288 
Community Banking
Commercial real estate and operating17,896 
Consumer one-to-four family real estate and other170 
Agricultural real estate and operating4,658 
Total Community Banking22,724 
Total$42,012 
Information on impaired loans and leases as of September 30, 2020 was as follows:

(Dollars in Thousands)Recorded
Balance		Unpaid Principal
Balance		Specific
Allowance
Loans and leases without a specific valuation allowance
National Lending
Term lending$17,349 $18,823 $— 
Asset based lending3,914 3,914 — 
Factoring3,892 4,967 — 
Lease financing1,797 1,805 — 
SBA/USDA1,436 2,263 — 
Commercial finance28,388 31,772 — 
Other consumer finance1,987 2,104 — 
Consumer finance1,987 2,104 — 
Total National Lending30,375 33,876 — 
Community Banking
Consumer one-to-four family real estate and other104 104 — 
Agricultural real estate and operating6,421 6,421 — 
Total Community Banking6,525 6,525 — 
Total$36,900 $40,401 $— 
Loans and leases with a specific valuation allowance
National Lending
Term lending$8,736 $8,736 $3,155 
Asset based lending1,403 1,403 355 
Factoring1,179 1,191 274 
Lease financing2,900 2,900 1,194 
Commercial finance14,218 14,230 4,978 
Total National Lending14,218 14,230 4,978 
Community Banking
Commercial real estate and operating160 160 141 
Total Community Banking Loans160 160 141 
Total$14,378 $14,390 $5,119 
In response to the ongoing COVID-19 pandemic, the Company allowed modifications, such as payment deferrals and temporary forbearances, to credit-worthy borrowers who are experiencing temporary hardship due to the effects of COVID-19. Accordingly, if all payments were less than 30 days past due prior to the onset of the pandemic effects, the loan or lease will not be reported as past due during the deferral or forbearance period. As of March 31, 2021, $66.5 million of loan and lease balances that were granted deferral payments by the Company were still in their deferment period due to performing borrowers experiencing temporary hardship from COVID-19. These modifications consisted solely of payment deferrals ranging from 30 days to six months. These modifications are in line with applicable regulatory guidelines and, therefore, they are not reported as troubled debt restructurings. Other than the loan modifications that are on nonaccrual status, the Company is accruing and recognizing interest income on these modifications during the payment deferral period. The Company continues to regularly assess the collectability of the income on these active deferral relationships and considers adjustments to the accruing status on an individual case basis.

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.
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 Company has various portfolios of consumer finance and tax services loans that present unique risks. 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 $235.7 million and $225.9 million at March 31, 2021, respectively, and $224.2 million and $3.1 million at September 30, 2020, 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
As of March 31, 202120212020201920182017Prior
Term lending
Pass$200,824 $392,195 $123,457 $67,408 $5,541 $19,373 $— $808,798 
Watch1,807 12,959 8,322 682 564 1,564 — 25,898 
Special Mention— 6,292 5,694 1,377 42 7,871 — 21,276 
Substandard— 4,745 23,344 4,520 142 770 — 33,521 
Doubtful58 919 601 343 — — — 1,921 
Total202,689 417,110 161,418 74,330 6,289 29,578 — 891,414 
Asset based lending
Pass— — — — — — 166,247 166,247 
Watch— — — — — — 61,887 61,887 
Special Mention— — — — — — 16,854 16,854 
Substandard— — — — — — 3,747 3,747 
Total— — — — — — 248,735 248,735 
Factoring
Pass— — — — — — 233,225 233,225 
Watch— — — — — — 20,262 20,262 
Special Mention— — — — — — 16,220 16,220 
Substandard— — — — — — 7,905 7,905 
Total— — — — — — 277,612 277,612 
Lease financing
Pass77,907 133,720 44,897 16,476 7,843 1,008 — 281,851 
Watch4,750 12,832 325 478 341 438 — 19,164 
Special Mention125 1,753 183 223 44 — — 2,328 
Substandard— 304 3,241 887 3 — — 4,435 
Doubtful— 118 273 — — — — 391 
Total82,782 148,727 48,919 18,064 8,231 1,446 — 308,169 
Insurance premium finance
Pass292,948 50,092 23 — — — — 343,063 
Watch35 301 — — — — — 336 
Special Mention1,236 107 — — — — — 1,343 
Substandard— 33 — — — — — 33 
Doubtful— 66 — — — — — 66 
Total294,219 50,599 23 — — — — 344,841 
SBA/USDA
Pass97,498 155,760 24,689 22,832 9,093 7,384 — 317,256 
Watch— 6,782 643 449 1,379 952 — 10,205 
Special Mention— — — 1,814 — 69 — 1,883 
Substandard— — — 1,203 698 672 — 2,573 
Total97,498 162,542 25,332 26,298 11,170 9,077 — 331,917 
Other commercial finance
Pass— 20,603 9,259 6,305 3,801 60,162 — 100,130 
Watch642 — — — 857 1,327 — 2,826 
Substandard— — — 278 — — — 278 
Total642 20,603 9,259 6,583 4,658 61,489 — 103,234 
Warehouse finance
Pass— — — — — — 332,456 332,456 
Total— — — — — — 332,456 332,456 
Total National Lending
Pass669,178 752,369 202,325 113,022 26,278 87,926 731,928 2,583,026 
Watch7,233 32,873 9,291 1,608 3,142 4,282 82,149 140,578 
Special Mention1,361 8,153 5,876 3,414 86 7,940 33,074 59,904 
Substandard— 5,083 26,585 6,888 842 1,442 11,652 52,492 
Doubtful58 1,103 874 343 — — — 2,378 
Total677,830 799,581 244,951 125,275 30,348 101,590 858,803 2,838,378 
Commercial real estate and operating
Pass— 13,109 105,549 80,399 33,003 533 — 232,593 
Watch— 926 4,182 52,490 20,496 6,013 — 84,107 
Special Mention— — — — — 684 — 684 
Substandard— 300 700 16,897 — 306 — 18,203 
Total— 14,335 110,431 149,786 53,499 7,536 — 335,587 
Consumer 1-4 family real estate and other
Pass— — 159 875 374 2,869 — 4,277 
Substandard— — 110 — 41 139 — 290 
Total— — 269 875 415 3,008 — 4,567 
Agricultural real estate and other
Pass— — 85 108 — 2,586 — 2,779 
Substandard— 3,278 — 1,263 — 591 — 5,132 
Total— 3,278 85 1,371 — 3,177 — 7,911 
Total Community Bank
Pass— 13,109 105,793 81,382 33,377 5,988 — 239,649 
Watch— 926 4,182 52,490 20,496 6,013 — 84,107 
Special Mention— — — — — 684 — 684 
Substandard— 3,578 810 18,160 41 1,036 — 23,625 
Total— 17,613 110,785 152,032 53,914 13,721 — 348,065 
Total Loans and Leases
Pass669,178 765,478 308,118 194,404 59,655 93,914 731,928 2,822,675 
Watch7,233 33,799 13,473 54,098 23,638 10,295 82,149 224,685 
Special Mention1,361 8,153 5,876 3,414 86 8,624 33,074 60,588 
Substandard— 8,661 27,395 25,048 883 2,478 11,652 76,117 
Doubtful58 1,103 874 343 — — — 2,378 
Total$677,830 $817,194 $355,736 $277,307 $84,262 $115,311 $858,803 $3,186,443 
The recorded investment of loans and leases by asset classification was as follows:

Asset ClassificationPassWatchSpecial MentionSubstandardDoubtfulTotal
As of September 30, 2020(Dollars in Thousands)
National Lending
Term lending$725,101 $29,637 $24,501 $21,249 $4,835 $805,323 
Asset based lending102,013 62,512 12,577 5,317 — 182,419 
Factoring217,245 45,200 13,657 5,071 — 281,173 
Lease financing264,700 8,879 2,808 4,148 549 281,084 
Insurance premium finance336,364 284 222 701 369 337,940 
SBA/USDA308,549 8,328 74 1,436 — 318,387 
Other commercial finance100,727 931 — — — 101,658 
Commercial finance2,054,699 155,771 53,839 37,922 5,753 2,307,984 
Warehouse finance293,375 — — — — 293,375 
Total National Lending2,348,074 155,771 53,839 37,922 5,753 2,601,359 
Community Banking
Commercial real estate and operating336,236 98,295 4,049 18,211 580 457,371 
Consumer one-to-four family real estate and other15,648 41 609 188 — 16,486 
Agricultural real estate and operating1,526 — 4,930 5,251 — 11,707 
Total Community Banking353,410 98,336 9,588 23,650 580 485,564 
Total loans and leases$2,701,484 $254,107 $63,427 $61,572 $6,333 $3,086,923 
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in Thousands)30-59 Days
Past Due		60-89 Days
Past Due		>
89 Days Past Due		Total Past
Due		CurrentTotal Loans and Leases
Receivable		> 89 Days Past Due and AccruingNon-accrual balanceTotal
As of March 31, 2021
Loans held for sale$— $— $— $— $67,635 $67,635 $— $— $— 
National Lending
Term lending22,074 7,628 2,592 32,294 859,120 891,414 353 14,665 15,018 
Asset based lending13 — — 13 248,722 248,735 — 382 382 
Factoring— — — — 277,612 277,612 — 35 35 
Lease financing10,216 662 3,882 14,760 293,409 308,169 2,043 2,623 4,666 
Insurance premium finance1,290 440 2,414 4,144 340,697 344,841 2,414 — 2,414 
SBA/USDA— — 600 600 331,317 331,917 — 600 600 
Other commercial finance1,082 — — 1,082 102,152 103,234 — — — 
Commercial finance34,675 8,730 9,488 52,893 2,453,029 2,505,922 4,810 18,305 23,115 
Consumer credit products1,737 3,898 2,019 7,654 97,188 104,842 243 — 243 
Other consumer finance296 264 275 835 129,987 130,822 274 — 274 
Consumer finance2,033 4,162 2,294 8,489 227,175 235,664 517 — 517 
Tax services507 — — 507 225,414 225,921 — — — 
Warehouse finance— — — — 332,456 332,456 — — — 
Total National Lending37,215 12,892 11,782 61,889 3,238,074 3,299,963 5,327 18,305 23,632 
Community Banking
Commercial real estate and operating12 — — 12 335,575 335,587 — 17,896 17,896 
Consumer one-to-four family real estate and other— — 49 49 4,518 4,567 — 159 159 
Agricultural real estate and operating— — 1,769 1,769 6,142 7,911 — 1,769 1,769 
Total Community Banking12 — 1,818 1,830 346,235 348,065 — 19,824 19,824 
Total loans and leases held for investment37,227 12,892 13,600 63,719 3,584,309 3,648,028 5,327 38,129 43,456 
Total loans and leases$37,227 $12,892 $13,600 $63,719 $3,651,944 $3,715,663 $5,327 $38,129 $43,456 
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in Thousands)30-59 Days
Past Due		60-89 Days
Past Due		>
89 Days Past Due		Total Past
Due		CurrentTotal Loans and Leases
Receivable		> 89 Days Past Due and AccruingNon-accrual balanceTotal
As of September 30, 2020
Loans held for sale$— $— $— $— $183,577 $183,577 $— $— $— 
National Lending
Term lending11,900 3,851 6,390 22,141 783,182 805,323 266 16,274 16,540 
Asset based lending17 — — 17 182,402 182,419 — — — 
Factoring— — — — 281,173 281,173 — 1,096 1,096 
Lease financing194 9,746 6,882 16,822 264,262 281,084 4,344 3,583 7,927 
Insurance premium finance1,227 748 2,364 4,339 333,601 337,940 2,364 — 2,364 
SBA/USDA— — 1,027 1,027 317,360 318,387 427 600 1,027 
Other commercial finance— — — — 101,658 101,658 — — — 
Commercial finance13,338 14,345 16,663 44,346 2,263,638 2,307,984 7,401 21,553 28,954 
Consumer credit products377 358 499 1,233 88,576 89,809 499 — 499 
Other consumer finance600 536 373 1,509 132,833 134,342 373 — 373 
Consumer finance977 894 872 2,743 221,408 224,151 872 — 872 
Tax services— — 1,743 1,743 1,323 3,066 1,743 — 1,743 
Warehouse finance— — — — 293,375 293,375 — — — 
Total National Lending14,315 15,239 19,278 48,832 2,779,744 2,828,576 10,016 21,553 31,569 
Community Banking
Commercial real estate and operating— — 630 630 456,741 457,371 50 580 630 
Consumer one-to-four family real estate and other905 114 50 1,069 15,417 16,486 — 50 50 
Agricultural real estate and operating— — 1,769 1,769 9,938 11,707 — 1,769 1,769 
Total Community Banking905 114 2,449 3,468 482,096 485,564 50 2,399 2,449 
Total loans and leases held for investment15,220 15,353 21,727 52,300 3,261,840 3,314,140 10,066 23,952 34,018 
Total loans and leases$15,220 $15,353 $21,727 $52,300 $3,445,417 $3,497,717 $10,066 $23,952 $34,018 
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
March 31, 202120212020201920182017Prior
National Lending
Term lending$72 $2,746 $8,834 $2,426 $23 $564 $— $14,665 $7,942 
Asset based lending— — — — — — 382 382 9 
Factoring— — — — — — 35 35 — 
Lease financing— 358 1,906 359 — — — 2,623 1,118 
SBA/USDA— — — — 600 — — 600 600 
Commercial finance72 3,104 10,740 2,785 623 564 417 18,305 9,669 
Total National Lending72 3,104 10,740 2,785 623 564 417 18,305 9,669 
Community Banking
Commercial real estate and operating— 300 700 16,896 — — — 17,896 — 
Consumer one-to-four family real estate and other— — 110 — 41 8 — 159 159 
Agricultural real estate and operating— — — 1,263 — 506 — 1,769 1,769 
Total Community Banking— 300 810 18,159 41 514 — 19,824 1,928 
Total nonaccrual loans and leases$72 $3,404 $11,550 $20,944 $664 $1,078 $417 $38,129 $11,597 

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
March 31, 202120212020201920182017Prior
National Lending
Term lending$— $— $— $220 $112 $21 $— $353 
Lease financing1,247 323 139 301 33 — — 2,043 
Insurance premium finance1,313 1,101 — — — — — 2,414 
Commercial finance2,560 1,424 139 521 145 21 — 4,810 
Other consumer finance— — — — — 274 — 274 
Consumer finance (1)
— — — — — 274 — 274 
Total National Lending2,560 1,424 139 521 145 295 — 5,084 
Total 90 days or more delinquent and accruing$2,560 $1,424 $139 $521 $145 $295 $— $5,084 
(1) Consumer credit products are not included in the table as they are evaluated under a separate methodology for allowance for credit loss purposes that considers the overall Program structure. Refer to the Company’s most recent audited financial statements for additional information on these Programs.

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) one-to-four family real estate loans or consumer loans exempt under regulatory rules from being classified as non-accrual until later delinquency, usually 120 days past due.

When analysis of borrower or lessee operating results and financial condition indicates that underlying cash flows of the borrower’s business are not adequate to meet its debt service requirements, the loan or lease is evaluated for impairment. Often, this is associated with a delay or shortfall in scheduled payments, as described above.
The following table provides the average recorded investment in non-accrual loans and leases:

Average Recorded Investment
(Dollars in Thousands)Three Months Ended March 31, 2021Six Months Ended March 31, 2021
National Lending
Term lending$12,729 $13,802 
Asset based lending572 823 
Factoring44 490 
Lease financing2,990 3,273 
SBA/USDA600 600 
Commercial finance16,935 18,988 
Total National Lending16,935 18,988 
Community Banking
Commercial real estate and operating18,269 12,404 
Consumer one-to-four family real estate and other161 143 
Agricultural real estate and operating1,769 1,769 
Total Community Banking20,199 14,316 
Total loans and leases$37,134 $33,304 

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

The following table provides the average recorded investment in impaired loans and leases:

Three Months Ended March 31, 2020Six Months Ended March 31, 2020
(Dollars in Thousands)Average Recorded InvestmentRecognized Interest IncomeAverage Recorded InvestmentRecognized Interest Income
National Lending
Term lending$26,454 $46 $22,995 $120 
Asset based lending350 — 389 — 
Factoring4,596 — 4,223 — 
Lease financing2,154 12 2,920 12 
SBA/USDA3,640 — 3,714 — 
Commercial finance37,194 58 34,241 132 
Other consumer finance1,775 39 1,663 73 
Consumer finance1,775 39 1,663 73 
Total National Lending38,970 97 35,904 205 
Community Banking
Commercial real estate and operating682 12 564 25 
Consumer one-to-four family real estate and other82 1 85 9 
Agricultural real estate and operating2,674 (186)2,798 (144)
Total Community Banking3,438 (173)3,447 (110)
Total loans and leases$42,408 $(76)$39,351 $95 

The Company’s troubled debt restructurings ("TDRs") typically involve forgiving a portion of interest or principal on existing loans, making loans at a rate materially less than current market rates, or extending the term of the loan. There were $2.1 million of national lending loans that were modified in a TDR during the three months ended March 31, 2021, all of which were modified to extend the term of the loan, and no community banking loans. There were $3.7 million of national lending loans and leases that were modified in a TDR during the three months ended March 31, 2020 and no community banking loans.
During the six months ended March 31, 2021, there were $2.2 million of national lending loans and no community bank loans that were modified in a TDR, all of which were modified to extend the term of the loan. There were $4.1 million of national lending loans and leases and $0.6 million of community banking loans that were modified in a TDR during the six months ended March 31, 2020.

During the six months ended March 31, 2021, the Company had $0.1 million of national lending loans and no community banking loans that were modified in a TDR within the previous 12 months and for which there was a payment default. During the six months ended March 31, 2020, the Company had $3.2 million of community banking loans and $2.9 million national lending 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 quarters ended March 31, 2021 and March 31, 2020.
v3.21.1
EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE ("EPS") EARNINGS PER COMMON SHARE ("EPS")The Company has granted restricted share awards with dividend rights that are considered to be participating securities. Accordingly, a portion of the Company’s earnings is allocated to those participating securities in the earnings per share calculation under the two-class method. Basic earnings per common share 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 earnings per common share is calculated using the more dilutive of the treasury stock method or the two-class method. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, and is computed after giving consideration to the weighted average dilutive effect of the Company’s stock options, performance share units, and nonvested restricted stock, where applicable. Diluted EPS under the two-class method also considers the allocation of earnings to the participating securities. Antidilutive securities are disregarded in earnings per share calculations. Diluted EPS shown below reflects the two-class method, as diluted EPS under the two-class method was more dilutive than under the treasury stock method.
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands, Except Share and Per Share Data)2021202020212020
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$59,066 $52,304 $87,103 $73,372 
Dividends and undistributed earnings allocated to participating securities(1,113)(1,215)(1,683)(1,652)
Basic net earnings available to common stockholders57,953 51,089 85,420 71,720 
Undistributed earnings allocated to nonvested restricted stockholders1,083 1,173 1,620 1,570 
Reallocation of undistributed earnings to nonvested restricted stockholders(1,082)(1,172)(1,619)(1,569)
Diluted net earnings available to common stockholders$57,954 $51,090 $85,421 $71,721 
Total weighted-average basic common shares outstanding31,520,505 35,114,053 32,158,994 35,865,443 
Effect of dilutive securities(1)
Stock options— 21,497 — 21,634 
Performance share units14,517 — 16,490 — 
Total effect of dilutive securities14,517 21,497 16,490 21,634 
Total weighted-average diluted common shares outstanding31,535,022 35,135,550 32,175,484 35,887,077 
Net earnings per common share:
Basic earnings per common share$1.84 $1.45 $2.66 $2.00 
Diluted earnings per common share(2)
$1.84 $1.45 $2.65 $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 March 31, 2021 and 2020, respectively, were 605,459 and 834,746 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2021 and 2020, respectively, were 633,553 and 826,262 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.21.1
RENTAL EQUIPMENT, NET
 6 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
RENTAL EQUIPMENT, NET RENTAL EQUIPMENT, NET
Rental equipment consists of the following:

(Dollars in Thousands)March 31, 2021September 30, 2020
Computers and IT networking equipment$16,313 $15,926 
Motor vehicles and other56,012 52,913 
Office furniture and equipment73,889 74,197 
Solar panels and equipment128,430 118,808 
Total274,644 261,844 
Accumulated depreciation(65,013)(57,601)
Unamortized initial direct costs1,766 1,721 
Net book value$211,397 $205,964 
Undiscounted future minimum lease payments expected to be received for operating leases were as follows:
(Dollars in Thousands)March 31, 2021
Remaining in 2021$17,689 
202230,532 
202326,189 
202418,948 
202513,843 
Thereafter20,269 
Total undiscounted future minimum lease payments receivable for operating leases$127,470 
v3.21.1
FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS
 6 Months Ended
Mar. 31, 2021
Real Estate [Abstract]  
FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS FORECLOSED REAL ESTATE AND REPOSSESSED ASSETS
The following table provides an analysis of changes in foreclosed real estate and repossessed assets:

Six Months Ended March 31,
(Dollars in Thousands)20212020
Balance, beginning of period$9,957 $29,494 
Additions9 5,983 
Reductions:
Write-downs466 104 
Sales8,021 23,085 
(Gain) loss on sale(4)5,039 
Total reductions8,483 28,228 
Balance, ending of period$1,483 $7,249 

At March 31, 2021 and September 30, 2020, the Company had established a valuation allowance of $1.0 million and $0.5 million for repossessed assets, respectively. As of March 31, 2021 and September 30, 2020, the Company had no loans or leases in the process of foreclosure.

During the fiscal year ended September 30, 2020, the Company sold $28.1 million of other real estate owned ("OREO"), which consisted of assets related to a Community Bank agriculture real estate customer. The sale consisted of 30-plus parcels of land and the Company recognized a $5.0 million loss that was included in the "Gain (loss) on sale of other" line on the Condensed Consolidated Statements of Operations. The Company also recognized $1.1 million in deferred rental income and $0.2 million in OREO expenses related to these foreclosed properties.
v3.21.1
GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company held a total of $309.5 million of goodwill at March 31, 2021. The recorded goodwill is a result of multiple business combinations that have been consummated since fiscal year 2015, with the most recent being the merger with Crestmark pursuant to the Crestmark Acquisition that closed on August 1, 2018. Goodwill is assessed for impairment at least annually or more often if conditions indicate a possible impairment. The assessment is done at a reporting unit level, which is one level below the operating segments. There have been no changes to the carrying amount of goodwill during the six months ended March 31, 2021.
 
The changes in the carrying amount of the Company’s intangible assets for the six months ended March 31, 2021 and 2020 were as follows:

(Dollars in Thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Balance as of September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(544)(191)(3,716)(319)(4,770)
Write-offs during the period— — — (24)(24)
Balance as of March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(4,267)(2,250)(51,223)(4,207)(61,947)
Accumulated impairment— — (10,248)(218)(10,466)
Balance as of March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.

(Dollars in Thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Balance as of September 30, 2019$11,959 $827 $33,207 $6,817 $52,810 
Acquisitions during the period— — — 33 33 
Amortization during the period(528)(212)(4,997)(340)(6,077)
Balance as of March 31, 2020$11,431 $615 $28,210 $6,510 $46,766 
Gross carrying amount$14,624 $2,480 $82,088 $10,736 $109,928 
Accumulated amortization(3,193)(1,865)(43,630)(3,567)(52,255)
Accumulated impairment— — (10,248)(659)(10,907)
Balance as of March 31, 2020$11,431 $615 $28,210 $6,510 $46,766 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.

The estimated amortization expense of intangible assets assumes no activities, such as acquisitions, which would result in additional amortizable intangible assets. Estimated amortization expense of intangible assets in the remaining six months of fiscal 2021 and subsequent fiscal years was as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$3,775 
20226,419 
20235,101 
20244,383 
20253,827 
20263,253 
Thereafter10,145 
Total anticipated intangible amortization$36,903 

The Company tests intangible assets for impairment at least annually or more often if conditions indicate a possible impairment. There were no impairments to intangible assets during the six months ended March 31, 2021 and 2020.
v3.21.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES
 6 Months Ended
Mar. 31, 2021
Leases [Abstract]  
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES OPERATING LEASE RIGHT-OF-USE ASSETS AND LIABILITIES
Operating lease ROU assets, included in other assets, were $36.1 million at March 31, 2021.

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

Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities were as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$2,219 
20224,596 
20233,999 
20244,152 
20254,027 
Thereafter24,926 
Total undiscounted future minimum lease payments 43,919 
Discount(5,817)
Total operating lease liabilities$38,102 

The weighted-average discount rate and remaining lease term for operating leases were as follows:

March 31, 2021
Weighted-average discount rate2.31 %
Weighted-average remaining lease term (years)11.23

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Lease expense$991 $869 $1,945 $1,613 
Short-term and variable lease cost69 156 132 334 
ROU asset impairment— — 224 — 
Sublease income(177)(175)(285)(364)
Total lease cost for operating leases$883 $850 $2,016 $1,583 
v3.21.1
STOCKHOLDERS' EQUITY
 6 Months Ended
Mar. 31, 2021
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Repurchase of Common Stock
The Company's Board of Directors authorized the November 20, 2019 share repurchase program to repurchase up to 7,500,000 shares of the Company's outstanding common stock. This authorization is effective from November 21, 2019 through December 31, 2022. During the six months ended March 31, 2021, and 2020, the Company repurchased 2,683,579 and 3,497,565 shares, respectively, as part of the share repurchase program.
Under the repurchase program, repurchased shares were retired and designated as authorized but unissued shares. The Company accounts for repurchased shares using the par value method under which the repurchase price is charged to paid-in capital up to the amount of the original proceeds of those shares. When the repurchase price is greater than the original issue proceeds, the excess is charged to retained earnings. As of March 31, 2021, the remaining number of shares available for repurchase under this program was 1,550,173 shares of common stock.
For the six months ended March 31, 2021, and 2020, the Company also repurchased 84,121 and 88,784 shares, or $1.9 million and $2.9 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.
v3.21.1
STOCK COMPENSATION
 6 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
The Company maintains the Meta Financial Group, Inc. 2002 Omnibus Incentive Plan, as amended and restated (the "2002 Omnibus Incentive Plan"), which, among other things, provides for the awarding of stock options, nonvested (restricted) shares, and performance share units ("PSUs") to certain officers and directors of the Company. Awards are granted by the Compensation Committee of the Board of Directors based on the performance of the award recipients or other relevant factors.

Compensation expense for share-based awards is recorded over the vesting period at the fair value of the award at the time of the grant. The exercise price of options or fair value of nonvested (restricted) shares and performance share units granted under the Company’s 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, exercised, or forfeited under the 2002 Omnibus Incentive Plan for the six months ended March 31, 2021. There were no options granted, exercised or forfeited under this plan during the six months ended March 31, 2021.

(Dollars in Thousands, Except Per Share Data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2020
790,083 $30.03 
Granted189,187 30.78 
Vested(274,096)30.22 
Forfeited or expired(98,399)29.66 
Nonvested shares outstanding, March 31, 2021
606,775 $30.24 

(Dollars in Thousands, Except Per Share Data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2020
— $— 
Granted(1)
60,984 34.03 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, March 31, 2021
60,984 $34.03 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.

At March 31, 2021, stock-based compensation expense not yet recognized in income totaled $8.9 million, which is expected to be recognized over a weighted average remaining period of 2.10 years.
v3.21.1
INCOME TAXES
 6 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company recorded an income tax expense of $4.7 million for the six months ended March 31, 2021, resulting in an effective tax rate of 4.97%, compared to an income tax expense of $6.3 million, or an effective tax rate of 7.66%, for the six months ended March 31, 2020. The Company’s effective tax rate was lower than the U.S. statutory rate of 21% primarily because of the anticipated effect of investment tax credits during fiscal year 2019. The Company’s effective tax rate in the future will depend in part on actual investment tax credits earned as part of its financing of solar energy projects.
The table below compares the income tax expense components for the periods presented.

Six Months Ended March 31,
(Dollars in Thousands)20212020
Provision at statutory rate$19,271 $16,730 
Tax-exempt income(486)(591)
State income taxes4,135 3,682 
Interim period effective rate adjustment(3,116)(3,321)
Tax credit investments, net - federal(15,464)(9,536)
Research tax credit(323)(1,709)
IRC 162(m) nondeductible compensation487 1,019 
Other, net161 23 
Income tax expense (benefit)$4,665 $6,297 
Effective tax rate4.97 %7.66 %
v3.21.1
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
In the normal course of business, the Bank makes various commitments to extend credit that are not reflected in the accompanying Condensed Consolidated Financial Statements as described below.

At March 31, 2021 and September 30, 2020, unfunded loan commitments approximated $1.28 billion and $1.22 billion, respectively, excluding undisbursed portions of loans in process. Commitments, which are disbursed subject to certain limitations, extend over various periods of time. Generally, unused commitments are canceled upon expiration of the commitment term as outlined in each individual contract.

The Company had no commitments to purchase securities at March 31, 2021 or September 30, 2020. The Company had no commitments to sell securities at March 31, 2021 or September 30, 2020.

The exposure to credit loss in the event of non-performance by other parties to financial instruments for commitments to extend credit is represented by the contractual amount of those instruments. The same credit policies and collateral requirements are used in making commitments and conditional obligations as are used for on-balance-sheet instruments.

Since certain commitments to make loans and to fund lines of credit expire without being used, the amount does not necessarily represent future cash commitments. In addition, commitments used to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.

Legal Proceedings

The Bank was served, on October 14, 2016, with a lawsuit captioned Card Limited, LLC v. MetaBank dba Meta Payment Systems, Civil No. 2:16-cv-00980 in the United States District Court for the District of Utah. This action was initiated by a former prepaid program manager of the Bank, which was terminated by the Bank in fiscal year 2016. Card Limited alleges that, after all of the programs were wound down, there were two accounts with positive balances to which Card Limited is entitled. The Bank’s position is that Card Limited is not entitled to the funds contained in said accounts. The total amount to which Card Limited claims it is entitled is $4.0 million. The Court ruled in favor of MetaBank on cross motions for summary judgment and vacated the trial. Card Limited has appealed the decision, but thereafter agreed to settle this claim for a nominal amount. This payment has been made and the case has been dismissed.
On February 9, 2018, the Bank’s AFS/IBEX division filed a lawsuit in the United States District Court for the Eastern District of New York captioned AFS/IBEX, a division of MetaBank v. Aegis Managing Agency Limited ("AMA"), Aegis Syndicate 1225 (together with AMA, the "Aegis defendants"), CRC Insurance Services, Inc. ("CRC"), and Transportation Underwriters, Inc. The suit was filed against commercial insurance underwriters and brokers that facilitated the issuance of commercial insurance policies to Red Hook Construction Group-II, LLC (“Red Hook”). The Bank’s position is that both CRC and Transportation Underwriters represented to the Bank that, upon cancellation of the insurance policies prior to their stated terms, any unearned premiums would be refunded. The Bank then provided insurance premium financing to Red Hook, and Red Hook executed a written premium finance agreement pursuant to which Red Hook assigned its rights to any unearned premiums to the Bank. After the policies were cancelled, the Aegis defendants failed to return the unearned insurance premiums totaling just over $1.6 million owed to the Bank under the insurance policies and the premium finance agreement. The Bank is seeking recovery of all amounts to which it is entitled at law or equity and intends to vigorously pursue its claims against the defendants. The Bank filed a Motion for Summary Judgment which was granted by the trial court, but is subject to appeal.

From time to time, the Company or its subsidiaries are subject to certain legal proceedings and claims in the ordinary course of business. Accruals have been recorded when the outcome is probable and can be reasonably estimated. While management currently believes that the ultimate outcome of these proceedings will not have a material adverse effect on the Company’s financial position or its results of operations, legal proceedings are inherently uncertain and unfavorable resolution of some or all of these matters could, individually or in the aggregate, have a material adverse effect on the Company’s and its subsidiaries’ respective businesses, financial condition or results of operations.
v3.21.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Topic 606 applies to all contracts with customers unless such revenue is specifically addressed under existing guidance. The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 17. Segment Reporting to the Condensed Consolidated Financial Statements.

(Dollars in Thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended March 31,20212020202120202021202020212020
Net interest income(1)
$25,085 $16,162 $42,404 $37,026 $6,361 $14,549 $73,850 $67,737 
Noninterest income:
Refund transfer product fees22,680 28,939 — — — — 22,680 28,939 
Tax advance product fees(1)
44,562 29,536 — — — — 44,562 29,536 
Payment card and deposit fees29,875 23,156 — — — — 29,875 23,156 
Other bank and deposit fees— — 126 268 7 113 133 381 
Rental income(1)
5 5 9,841 11,094 — 1 9,846 11,100 
Net gain realized on investment securities(1)
— — — — 6 — 6 — 
Gain on divestitures(1)
— — — — — 19,275 — 19,275 
Gain (loss) on sale of other(1)
— (259)1,624 2,579 509 5 2,133 2,325 
Other income(1)
919 1,831 2,349 1,582 950 2,388 4,218 5,801 
Total noninterest income 98,041 83,208 13,940 15,523 1,472 21,782 113,453 120,513 
Revenue$123,126 $99,370 $56,344 $52,549 $7,833 $36,331 $187,303 $188,250 
(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.
(Dollars in Thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Six Months Ended March 31,20212020202120202021202020212020
Net interest income(1)
$47,432 $32,719 $84,252 $76,762 $8,165 $22,907 $139,849 $132,388 
Noninterest income:
Refund transfer product fees23,327 29,131 — — — — 23,327 29,131 
Tax advance product fees(1)
46,522 31,812 — — — — 46,522 31,812 
Payment card and deposit fees52,439 44,655 — — — — 52,439 44,655 
Other bank and deposit fees— — 360 546 10 322 370 868 
Rental income(1)
10 9 19,721 22,128 — 1,314 19,731 23,451 
Net gain realized on investment securities(1)
— — — — 6 — 6 — 
Gain on divestitures(1)
— — — — — 19,275 — 19,275 
Gain (loss) on sale of other(1)
— (19)4,216 4,917 765 (5,142)4,981 (244)
Other income(1)
1,078 2,384 4,809 2,911 5,645 3,752 11,532 9,047 
Total noninterest income123,376 107,972 29,106 30,502 6,426 19,521 158,908 157,995 
Revenue$170,808 $140,691 $113,358 $107,264 $14,591 $42,428 $298,757 $290,383 
(1) These revenues are not within the scope of Topic 606. Additional details are included in other footnotes to the accompanying financial statements. The scope of Topic 606 explicitly excludes net interest income as well as many other revenues for financial assets and liabilities, including loans, leases, and securities.

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

Refund Transfer Product Fees. Refund transfer fees are specific to the tax products offered by Refund Advantage and EPS. These fees are for products, services such as payment processing, and product referral commissions. Software partner fees paid and/or incurred are recorded on a net basis. The Company’s obligation for product fees and commissions is satisfied at the time of the product delivery and obligation for payment processing is satisfied at the time of processing. The transaction price for such activity is based upon stand-alone fees within the terms and conditions. At March 31, 2021 and September 30, 2020, there were no receivables related to refund transfer fees, which reflect earned revenue with unconditional rights to payment for product fee income. All refund transfer fees are recorded within the Consumer reporting segment.
Card Fees. Card fees relate to MPS, Community Bank, Refund Advantage and EPS products. These fees are for products and services such as card activation, product support, processing, and servicing. The Company earns these fees based upon the underlying terms and conditions with each cardholder over the contract term. Agreements with the Company’s cardholders are considered daily service contracts as they are not fixed in duration. The Company’s obligation for card activation and product support fees is satisfied at the time of product delivery, while the obligation for processing and servicing is satisfied over the course of each month. The transaction price for such activity is based upon the stand-alone fees within the terms and conditions of the cardholder agreements. Card fee revenue also includes income from sponsorships, associations and networks, and interchange income. Sponsorship income relates to fees charged to the Company’s ATM sponsorship partners, where the obligation is satisfied over the course of each month. Association and network income reflect incentives, performance bonuses and rebates with MasterCard and Visa. The obligation for such income is satisfied at the time when certain thresholds of transaction volume have been met. Interchange income is generated by cardholder activity, and therefore the Company’s obligations are satisfied as activity occurs. The transaction price for such activity is based on underlying rates and activity thresholds within the terms and conditions of the applicable agreements. Card fee revenue also includes breakage revenue. Breakage represents the estimated amount that will not be redeemed by the holder of unregistered, unused prepaid cards for goods or services. Breakage revenue is recognized ratably over the expected customer usage period and is an estimate based on cardholder behavior and breakage rates. Breakage is also impacted by escheatment laws. Card fees are recorded within both the Consumer and Commercial reporting segments, the substantial majority of which is derived from the Company's payments divisions and reported in payments card and deposit fees. Card fees related to the Community Bank are reported within other bank and deposit fees.

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

Principal vs Agent. The Consumer reporting segment includes principal/agent relationships. Within this segment, MPS relationships are recorded on a gross basis within the Condensed Consolidated Statements of Operations, as Meta is the principal in the contract, with the exception of association/network contracts and partner/processor contracts for prepaid cards, which are recorded on a net basis within the Condensed Consolidated Statements of Operations as Meta is the agent in these contracts. Also within this segment, Tax Service relationships are recorded on a gross basis within the Condensed Consolidated Statements of Operations, as Meta is the principal in the contract, with the exception of contracts with software providers and merchants, which are recorded on a net basis within the Condensed Consolidated Statements of Operations as Meta is the agent in these contracts.
v3.21.1
SEGMENT REPORTING
 6 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met.

The Company reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The Meta Payment Systems and Tax Services divisions, as well as the Consumer Credit Products and ClearBalance business lines, are reported in the Consumer segment. The Crestmark and AFS divisions are reported in the Commercial segment. The Community Bank division, Warehouse Finance, and Student Loan lending portfolio are included in the Corporate Services/Other segment. The Corporate Services/Other segment also includes certain shared services as well as treasury related functions such as the investment portfolio, wholesale deposits and borrowings. The Company does not report indirect general and administrative expenses in the Consumer and Commercial segments. Beginning October 1, 2020, Warehouse Finance, formerly reported in the Consumer segment, is now included in the Corporate Services/Other segment. Prior periods have been reclassified to conform to the current presentation.
The Company adopted ASU 2018-02 as of October 1, 2020. The amendments in this ASU allow for a reclassification from AOCI to Retained Earnings for stranded tax effects from the Tax Cuts and Jobs Act of 2017 ("TCJA"). For the Company, these amendments are limited to any unrealized gains and losses held in Other Comprehensive Income for debt securities AFS held at the time of the TCJA enactment. The Company determined there were no stranded tax effects from the TCJA enactment and has not made any reclassification from AOCI to Retained Earnings upon adoption of this ASU.

The following tables present segment data for the Company:

Three Months Ended March 31, 2021
(Dollars in Thousands)ConsumerCommercial Corporate
Services/Other		Total
Net interest income$25,085 $42,404 $6,361 $73,850 
Provision for credit losses28,020 2,203 67 30,290 
Noninterest income98,041 13,940 1,472 113,453 
Noninterest expense30,189 27,829 37,953 95,971 
Income (loss) before income tax expense64,917 26,312 (30,187)61,042 
Total assets531,305 3,030,088 6,228,730 9,790,123 
Total goodwill87,145 222,360 — 309,505 
Total deposits8,447,910 12,177 182,326 8,642,413 

Three Months Ended March 31, 2020
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$16,162 $37,026 $14,549 $67,737 
Provision for loan and lease losses19,570 11,994 5,732 37,296 
Noninterest income83,208 15,523 21,782 120,513 
Noninterest expense30,450 27,361 33,918 91,729 
Income (loss) before income tax expense49,350 13,194 (3,319)59,225 
Total assets387,871 2,529,665 2,926,329 5,843,865 
Total goodwill87,145 222,360 — 309,505 
Total deposits3,078,481 9,214 874,709 3,962,404 

Six Months Ended March 31, 2021
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$47,432 $84,252 $8,165 $139,849 
Provision for credit losses30,386 8,670 (2,677)36,379 
Noninterest income123,376 29,106 6,426 158,908 
Noninterest expense48,351 54,997 65,198 168,546 
Income (loss) before income tax expense92,071 49,691 (47,930)93,832 
Total assets531,305 3,030,088 6,228,730 9,790,123 
Total goodwill87,145 222,360 — 309,505 
Total deposits8,447,910 12,177 182,326 8,642,413 
Six Months Ended March 31, 2020
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$32,719 $76,762 $22,907 $132,388 
Provision for loan and lease losses20,544 15,695 4,464 40,703 
Noninterest income107,972 30,502 19,521 157,995 
Noninterest expense47,190 54,086 66,250 167,526 
Income (loss) before income tax expense72,957 37,483 (28,286)82,154 
Total assets387,871 2,529,665 2,926,329 5,843,865 
Total goodwill87,145 222,360 — 309,505 
Total deposits3,078,481 9,214 874,709 3,962,404 
v3.21.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
ASC 820, Fair Value Measurements defines fair value, establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system and requires disclosures about fair value measurement. It clarifies that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts.

The fair value hierarchy is as follows:

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

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

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

Debt Securities Available for Sale and Held to Maturity. Debt securities available for sale are recorded at fair value on a recurring basis and debt securities held to maturity are carried at amortized cost.
 
The fair value of debt securities available for sale, categorized primarily as Level 2, is recorded using prices obtained from independent asset pricing services that are based on observable transactions, but not quoted markets. Management reviews the prices obtained from independent asset pricing servicing for unusual fluctuations and comparison to current market trading activity.

Equity Securities. Marketable equity securities and certain non-marketable equity securities are recorded at fair value on a recurring basis. The fair values of marketable equity securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs).
The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At March 31, 2021
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
SBA securities$170,006 $— $170,006 $— 
Obligations of states and political subdivisions2,816 — 2,816 — 
Non-bank qualified obligations of states and political subdivisions295,722 — 295,722 — 
Asset-backed securities453,403 — 453,403 — 
Mortgage-backed securities558,833 — 558,833 — 
Total debt securities AFS$1,480,780 $— $1,480,780 $— 
Common equities and mutual funds(1)
$3,235 $3,235 $— $— 
Non-marketable equity securities(2)
$4,265 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 Fair Value At September 30, 2020
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
SBA securities$164,955 $— $164,955 $— 
Obligations of states and political subdivisions841 — 841 — 
Non-bank qualified obligations of states and political subdivisions323,774 — 323,774 — 
Asset-backed securities324,925 — 324,925 — 
Mortgage-backed securities453,607 — 453,607 — 
Total debt securities AFS$1,268,102 $— $1,268,102 $— 
Common equities and mutual funds(1)
$2,969 $2,969 $— $— 
Non-marketable equity securities(2)
$2,784 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Consists of certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

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

Loans and Leases. The Company does not record loans and leases at fair value on a recurring basis. However, if a loan or lease is individually evaluated for risk of credit loss and repayment is expected to be solely provided by the values of the underlying collateral, the Company measures fair value on a nonrecurring basis. Fair value is determined by the fair value of the underlying collateral less estimated costs to sell. The fair value of the collateral is determined based on internal estimates and/or assessments provided by third-party appraisers and the valuation relies on discount rates ranging from 4% to 90%.
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a non-recurring basis:

 Fair Value At March 31, 2021
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Impaired loans and leases, net    
Commercial finance$6,830 $— $— $6,830 
Total National Lending6,830 — — 6,830 
Commercial real estate and operating9,029 — — 9,029 
Total Community Banking9,029 — — 9,029 
     Total impaired loans and leases, net15,859 — — 15,859 
Foreclosed assets, net1,483 — — 1,483 
Total$17,342 $— $— $17,342 

 Fair Value At September 30, 2020
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Impaired loans and leases, net    
Commercial finance$9,240 $— $— $9,240 
Total National Lending9,240 — — 9,240 
Commercial real estate and operating20 — — 20 
Total Community Banking20 — — 20 
     Total impaired loans and leases, net9,260 — — 9,260 
Foreclosed assets, net9,957 — — 9,957 
Total$19,217 $— $— $19,217 

 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in Thousands)
Fair Value at
March 31, 2021
Fair Value at
September 30, 2020
Valuation
Technique		Unobservable InputRange of Inputs
Impaired loans and leases, net$15,859 9,260 Market approach
Appraised values(1)
4% - 90%
Foreclosed assets, net$1,483 9,957 Market approach
Appraised values(1)
4% - 30%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 4% to 90%.

Management discloses the estimated fair value of financial instruments, including assets and liabilities on and off the Condensed Consolidated Statements of Financial Condition, for which it is practicable to estimate fair value. These fair value estimates were made at March 31, 2021 and September 30, 2020 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:
 March 31, 2021
(Dollars in Thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$3,724,242 $3,724,242 $3,724,242 $— $— 
Debt securities available for sale1,480,780 1,480,780 — 1,480,780 — 
Debt securities held to maturity72,112 73,294 — 73,294 — 
Common equities and mutual funds(1)
3,235 3,235 3,235 — — 
Non-marketable equity securities(1)(2)
18,015 18,015 — 13,750 — 
Loans held for sale67,635 67,635 — 67,635 — 
Loans and leases receivable3,648,028 3,655,832 — — 3,655,832 
Federal Reserve Bank and Federal Home Loan Bank stocks28,433 28,433 — 28,433 — 
Accrued interest receivable17,429 17,429 17,429 — — 
Financial liabilities
Deposits8,642,413 8,642,560 8,600,335 42,225 — 
Other short- and long-term borrowings95,336 97,259 — 97,259 — 
Accrued interest payable679 679 679 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2020
(Dollars in Thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$427,367 $427,367 $427,367 $— $— 
Debt securities available for sale1,268,102 1,268,102 — 1,268,102 — 
Debt securities held to maturity92,610 93,745 — 93,745 — 
Common equities and mutual funds(1)
2,969 2,969 2,969 — — 
Non-marketable equity securities(1)(2)
14,784 14,784 — 12,000 — 
Loans held for sale183,577 183,577 — 183,577 — 
Loans and leases receivable3,314,140 3,307,037 — — 3,307,037 
Federal Reserve Bank and Federal Home Loan Bank stocks27,138 27,138 — 27,138 — 
Accrued interest receivable16,628 16,628 16,628 — — 
Financial liabilities
Deposits4,979,200 4,980,073 4,705,028 275,045 — 
Overnight federal funds purchased— — — — — 
Federal Home Loan Bank advances— — — — — 
Other short- and long-term borrowings98,224 100,185 — 100,185 — 
Accrued interest payable1,923 1,923 1,923 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(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.
v3.21.1
SUBSEQUENT EVENTS
 6 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTSManagement has evaluated subsequent events that occurred after March 31, 2021. During this period, up to the filing date of this Quarterly Report on Form 10-Q, management identified the following subsequent event: •The Bank is reorganizing its payments team to best support its emerging and established customers. In connection with this realignment, Sheree S. Thornsberry, Executive Vice President and Head of Payments of the Bank, will no longer be employed in her position effective May 7, 2021.
v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Policies)
 6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Accounting Pronouncements
Adopted ASUs
Effective October 1, 2020, the Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and subsequent related ASUs (collectively “Topic 326”), which changes the impairment model for most financial assets, including trade and other receivables, debt securities held-to-maturity, loans, net investments in leases, purchased financial assets with credit deterioration, and off-balance sheet credit exposures. ASU 2016-13 requires the use of a current expected credit loss (“CECL”) methodology to determine the allowance for credit losses for loans and debt securities held-to-maturity. CECL requires loss estimates for the remaining estimated life of the assets to be measured using historical loss data, adjustments for current conditions, and adjustments for reasonable and supportable forecasts of future economic conditions. The Company adopted CECL using the modified retrospective approach with a cumulative effect adjustment to Retained Earnings recorded on October 1, 2020.
Our adoption resulted in an ACL as of October 1, 2020 that is larger than the allowance for loan and lease losses (“ALLL”) that would have been recorded under legacy guidance on the same date by $12.8 million in total for all portfolios. A portion of this increase is a result of new requirements to record ACL on acquired loans and leases, regardless of any credit mark recorded. Under legacy guidance, credit marks were included in the determination of fair value adjustments reflected as a discount to the carrying value of the loans and leases and an ALLL was not recorded on acquired loans and leases until evidence of credit deterioration existed post acquisition. The remaining credit and interest mark will continue to accrete over the life of the loan or lease but will no longer be considered when estimating the ACL for acquired loans and leases under CECL. The adoption of CECL also resulted in an increase in the liability of unfunded commitments of $0.8 million. For other assets in scope of the standard such as held-to-maturity debt securities and trade and other receivables, the impact from this ASU was inconsequential. The cumulative tax effected adjustment to record ACL and to increase the unfunded commitments liability resulted in a reduction to retained earnings of $8.4 million along with $2.5 million attributable to noncontrolling interests. Post adoption, as loans and leases are added to the portfolio, the Company expects higher levels of ACL determined by CECL assumptions, resulting in accelerated recognition of provision for credit losses, as compared to historical results. In response to the COVID-19 pandemic, regulatory agencies have published a final rule that provides the option to delay the cumulative effect of the day 1 impact to CECL adoption on regulatory capital for two years, followed by a three-year phase in period. Management has elected this five-year transition period consistent with the final rule. Additional and modified disclosure requirements under CECL are included in Note 5. Securities and Note 6. Loans and Leases, Net.

The Company also adopted the following ASUs on October 1, 2020, none of which had a material impact on the Company’s Condensed Consolidated Financial Statements:

–ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.
–ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.
–ASU 2018-17, Consolidation (Topic 810) – Targeted Improvements to Related Party Guidance for Variable Interest Entities.

ASUs to be Adopted
ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in this ASU are intended to simplify the accounting for income taxes by removing certain exceptions to the general rules found in Topic 740, Income Taxes. The majority of the amendments are to be applied on a prospective basis. This ASU is effective for fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.
ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying Interactions between Topics 321, 323 and 815. This ASU clarifies the interactions between Topic 321, Topic 323 and Topic 815, including accounting for the transition into and out of the equity method and measuring certain purchased options and forward contracts to acquire investments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020. Management is currently evaluating the impact of this guidance on the consolidated financial statements.

ASU 2020-04, Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments in this ASU provide optional expedients and exceptions to applying GAAP to contracts, hedging relationships and other transactions impacted by reference rate reform if certain criteria are met. The amendments include a one-time sale or transfer election of held-to-maturity debt securities impacted by reference rate reform. The amendments in this ASU are effective upon issuance through December 31, 2022. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.

ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs. This ASU clarifies that an entity should amortize any premium, if applicable, to the next call date, which is the first date when a call option at a specified price becomes exercisable. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020. Management is currently evaluating the impact of this guidance on the consolidated financial statements.
ASU 2020-10, Codification Improvements. This ASU provides clarification, corrects unintended application of guidance, and makes minor improvements to various Topics that are not expected to have a significant impact on the Company’s current accounting policies and practices. Amendments within this ASU are effective for fiscal years beginning after December 15, 2020.
v3.21.1
SIGNIFICANT EVENTS (Tables)
 6 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Active COVID Related Modifications
The table below presents the outstanding balances of active COVID-19 related modifications.

As of the Period Ended
(Dollars in Thousands)March 31, 2021December 31, 2020September 30, 2020
National Lending
Term lending$5,460 $18,321 $26,559 
Asset based lending— 1,124 7,924 
Factoring— — 18,434 
Lease financing379 1,637 5,896 
Insurance premium finance— — 230 
SBA/USDA— — 7,724 
Other commercial finance— — 69 
Commercial finance5,839 21,082 66,836 
Consumer credit products301 1,210 1,574 
Other consumer finance1,627 2,682 4,223 
Consumer finance1,928 3,892 5,797 
Total National Lending7,767 24,974 72,633 
Community Banking
Commercial real estate and operating58,707 60,319 120,695 
Total Community Banking58,707 60,319 120,695 
Total loans and leases66,474 85,293 193,328 
Total COVID-19 related modifications$66,474 $85,293 $193,328 
v3.21.1
SECURITIES (Tables)
 6 Months Ended
Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Securities Available for Sale
The amortized cost, gross unrealized gains and losses and estimated fair values of available for sale ("AFS") and held to maturity ("HTM") debt securities are presented below.

Securities Available For Sale
(Dollars in Thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2021
Debt securities AFS    
SBA securities$166,348 $3,846 $(188)$170,006 
Obligations of states and political subdivisions2,807 10 (1)2,816 
Non-bank qualified obligations of states and political subdivisions288,119 8,285 (682)295,722 
Asset-backed securities453,686 2,726 (3,009)453,403 
Mortgage-backed securities553,184 11,613 (5,964)558,833 
Total debt securities AFS$1,464,144 $26,480 $(9,844)$1,480,780 
At September 30, 2020
Debt securities AFS    
SBA securities$159,722 $5,391 $(158)$164,955 
Obligations of states and political subdivisions825 16 — 841 
Non-bank qualified obligations of states and political subdivisions314,819 8,978 (23)323,774 
Asset-backed securities329,139 2,015 (6,229)324,925 
Mortgage-backed securities439,879 14,567 (839)453,607 
Total debt securities AFS$1,244,384 $30,967 $(7,249)$1,268,102 
Securities Held to Maturity
Securities Held To Maturity
(Dollars in Thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair
Value
At March 31, 2021
Debt securities HTM    
Non-bank qualified obligations of states and political subdivisions$67,709 $1,083 $— $68,792 
Mortgage-backed securities4,403 99 — 4,502 
Total debt securities HTM$72,112 $1,182 $— $73,294 
At September 30, 2020
Debt securities HTM    
Non-bank qualified obligations of states and political subdivisions$87,183 $1,040 $(29)$88,194 
Mortgage-backed securities5,427 124 — 5,551 
Total debt securities HTM$92,610 $1,164 $(29)$93,745 
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)
At March 31, 2021
Debt securities AFS
SBA securities$25,310 $(24)$31,825 $(164)$57,135 $(188)
Obligations of state and political subdivisions1,980 (1)— — 1,980 (1)
Non-bank qualified obligations of states and political subdivisions53,328 (682)— — 53,328 (682)
Asset-backed securities75,473 (782)189,365 (2,227)264,838 (3,009)
Mortgage-backed securities291,358 (5,088)35,484 (876)326,842 (5,964)
Total debt securities AFS$447,449 $(6,577)$256,674 $(3,267)$704,123 $(9,844)

LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in Thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
At September 30, 2020
Debt securities AFS
SBA securities$32,257 $(102)$9,875 $(56)$42,132 $(158)
Non-bank qualified obligations of states and political subdivisions6,265 (6)3,103 (17)9,368 (23)
Asset-backed securities106,474 (1,089)178,686 (5,140)285,160 (6,229)
Mortgage-backed securities138,338 (839)— — 138,338 (839)
Total debt securities AFS$283,334 $(2,036)$191,664 $(5,213)$474,998 $(7,249)

There were no debt securities HTM with a continuous loss position at March 31, 2021.
Schedule of Unrealized Loss on Investments, HTM
LESS THAN 12 MONTHSOVER 12 MONTHSTOTAL
(Dollars in Thousands)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)Fair
Value		Gross Unrealized (Losses)
At September 30, 2020
Debt securities HTM
Non-bank qualified obligations of states and political subdivisions$7,397 $(9)$3,637 $(20)$11,034 $(29)
Total debt securities HTM$7,397 $(9)$3,637 $(20)$11,034 $(29)
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity are shown below. Certain securities have call features that allow the issuer to call the security prior to maturity. Expected maturities may differ from contractual maturities in mortgage-backed securities ("MBS") because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, MBS are not included in the maturity categories in the following maturity summary. The expected maturities of certain SBA securities may differ from contractual maturities because the borrowers may have the right to prepay the obligation. However, certain prepayment penalties may apply.

At March 31, 2021At September 30, 2020
(Dollars in Thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities AFS at Fair Value
Due in one year or less$245 $247 $1,385 $1,398 
Due after one year through five years17,621 18,199 20,805 21,769 
Due after five years through ten years51,152 52,585 32,441 34,025 
Due after ten years841,942 850,916 749,874 757,303 
910,960 921,947 804,505 814,495 
Mortgage-backed securities553,184 558,833 439,879 453,607 
Total securities AFS, at fair value$1,464,144 $1,480,780 $1,244,384 $1,268,102 

At March 31, 2021At September 30, 2020
(Dollars in Thousands)Amortized CostFair
Value		Amortized CostFair
Value
Securities HTM at Fair Value
Due after ten years$67,709 $68,792 $87,183 $88,194 
67,709 68,792 87,183 88,194 
Mortgage-backed securities4,403 4,502 5,427 5,551 
Total securities HTM, at cost$72,112 $73,294 $92,610 $93,745 
v3.21.1
LOANS AND LEASES, NET (Tables)
 6 Months Ended
Mar. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Receivable
Loans and leases consist of the following:
(Dollars in Thousands)March 31, 2021September 30, 2020
National Lending
Term lending$891,414 $805,323 
Asset based lending248,735 182,419 
Factoring277,612 281,173 
Lease financing308,169 281,084 
Insurance premium finance344,841 337,940 
SBA/USDA331,917 318,387 
Other commercial finance103,234 101,658 
Commercial finance2,505,922 2,307,984 
Consumer credit products104,842 89,809 
Other consumer finance130,822 134,342 
Consumer finance235,664 224,151 
Tax services225,921 3,066 
Warehouse finance332,456 293,375 
Total National Lending3,299,963 2,828,576 
Community Banking
Commercial real estate and operating335,587 457,371 
Consumer one-to-four family real estate and other4,567 16,486 
Agricultural real estate and operating7,911 11,707 
Total Community Banking348,065 485,564 
Total loans and leases3,648,028 3,314,140 
Net deferred loan origination costs (fees)9,503 8,625 
Total gross loans and leases3,657,531 3,322,765 
Allowance for credit losses(98,892)(56,188)
Total loans and leases, net$3,558,639 $3,266,577 
Schedule of Loans Purchased and Sold by Portfolio Segment
Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Loans Purchased
Loans held for investment:
Total National Lending$33,605 $89,424 $96,236 $103,888 
Total Community Banking548 9,440 2,847 13,789 
Total purchases$34,153 $98,864 $99,083 $117,677 
Loans Sold
Loans held for sale:
Total National Lending$24,382 $17,255 $346,246 $160,290 
Total Community Banking— 271,681 129,788 271,681 
Loans held for investment:
Total Community Banking— — — 3,099 
Total sales$24,382 $288,936 $476,034 $435,070 
Sales-type Lease, Lease Income The net investment in direct financing and sales-type leases was comprised of the following:
(Dollars in Thousands)March 31, 2021September 30, 2020
Carrying amount$327,238 $299,487 
Unguaranteed residual assets17,835 17,203 
Unamortized initial direct costs2,247 2,078 
Unearned income(36,904)(35,606)
Total net investment in direct financing and sales-type leases$310,416 $283,162 
Operating Lease, Lease Income
The components of total lease income were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases$6,116 $4,375 $11,435 $8,462 
Leasing and equipment finance noninterest income
Lease income from operating lease payments9,735 11,263 19,776 22,466 
Profit (loss) recorded on commencement date on sales-type leases59 16 130 487 
Other(1)
1,687 1,831 1,756 2,581 
Total leasing and equipment finance noninterest income11,481 13,110 21,662 25,534 
Total lease income$17,597 $17,485 $33,097 $33,996 
(1) Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$63,369 
2022108,413 
202379,701 
202447,563 
202520,468 
Thereafter7,724 
Equipment under leases not yet commenced— 
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases327,238 
Third-party residual value guarantees— 
Total carrying amount of direct financing and sales-type lease$327,238 
Annual Activity in Allowance for Loan Losses, Allowance for Loan Losses and Recorded Investment in Loans
Activity in the allowance for credit losses and balances of loans and leases by portfolio segment was as follows:
Three Months Ended March 31, 2021
(Dollars in Thousands)Beginning Balance
Provision (Recovery) for Credit Losses(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
National Lending
Term lending $28,220 $1,396 $(2,477)$176 $27,315 
Asset based lending1,809 539 (599)— 1,749 
Factoring3,719 (545)— 36 3,210 
Lease financing6,784 420 (471)130 6,863 
Insurance premium finance1,285 103 (149)87 1,326 
SBA/USDA3,164 136 — — 3,300 
Other commercial finance479 62 — — 541 
Commercial finance45,460 2,111 (3,696)429 44,304 
Consumer credit products835 155 — — 990 
Other consumer finance10,176 266 (419)70 10,093 
Consumer finance11,011 421 (419)70 11,083 
Tax services1,412 27,680 — 54 29,146 
Warehouse finance319 13 — — 332 
Total National Lending58,202 30,225 (4,115)553 84,865 
Community Banking
Commercial real estate and operating14,121 (22)(134)— 13,965 
Consumer one-to-four family real estate and other19 (2)— — 17 
Agricultural real estate and operating47 (2)— — 45 
Total Community Banking14,187 (26)(134)— 14,027 
Total loans and leases72,389 30,199 (4,249)553 98,892 
Unfunded commitments(1)
688 91 — — 779 
Total$73,077 $30,290 $(4,249)$553 $99,671 

(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Six Months Ended March 31, 2021
(Dollars in Thousands)Beginning BalanceImpact of CECL Adoption
Provision (Recovery) for Credit Losses(2)
Charge-offsRecoveriesEnding Balance
Allowance for credit losses:
National Lending
Term lending$15,211 $9,999 $7,422 $(5,789)$472 $27,315 
Asset based lending1,406 164 1,378 (1,199)— 1,749 
Factoring3,027 987 (1,961)(1)1,158 3,210 
Lease financing7,023 (556)1,532 (1,347)211 6,863 
Insurance premium finance2,129 (965)591 (805)376 1,326 
SBA/USDA940 2,720 (361)— 1 3,300 
Other commercial finance182 364 (5)— — 541 
Commercial finance29,918 12,713 8,596 (9,141)2,218 44,304 
Consumer credit products845 — 145 — — 990 
Other consumer finance2,821 5,998 1,748 (637)163 10,093 
Consumer finance3,666 5,998 1,893 (637)163 11,083 
Tax services2 — 28,134 — 1,010 29,146 
Warehouse finance294 (1)39 — — 332 
Total National Lending33,880 18,710 38,662 (9,778)3,391 84,865 
Community Banking
Commercial real estate and operating21,867 (5,616)(2,141)(145)— 13,965 
Consumer one-to-four family real estate and other298 (247)(34)— — 17 
Agricultural real estate and operating143 (74)(24)— — 45 
Total Community Banking22,308 (5,937)(2,199)(145)— 14,027 
Total loans and leases56,188 12,773 36,463 (9,923)3,391 98,892 
Unfunded commitments(1)
32 831 (84)— — 779 
Total$56,220 $13,604 $36,379 $(9,923)$3,391 $99,671 
(1) Reserve for unfunded commitments is recognized within other liabilities on the Condensed Consolidated Statements of Financial Condition.
(2) As a result of the adoption of CECL, effective October 1, 2020, the provision for credit losses includes the provision for unfunded commitments that was previously included within other noninterest expense.
Three Months Ended March 31, 2020
(Dollars in Thousands)Beginning BalanceProvision (Recovery) for Loan and Lease LossesCharge-offsRecoveriesEnding Balance
Allowance for loan and lease losses:
National Lending
Term lending$6,750 $5,679 $(877)$95 $11,647 
Asset based lending1,995 803 — 28 2,826 
Factoring3,548 1,231 (345)10 4,444 
Lease financing1,695 1,043 (152)97 2,683 
Insurance premium finance970 1,935 (789)26 2,142 
SBA/USDA765 910 (117)— 1,558 
Other commercial finance160 392 — — 552 
Commercial finance15,883 11,993 (2,280)256 25,852 
Consumer credit products1,107 (25)— — 1,082 
Other consumer finance4,889 (1,308)(907)740 3,414 
Consumer finance5,996 (1,333)(907)740 4,496 
Tax services1,650 19,596 — 74 21,320 
Warehouse finance269 65 — — 334 
Total National Lending23,798 30,321 (3,187)1,070 52,002 
Community Banking
Commercial real estate and operating4,665 5,404 — — 10,069 
Consumer one-to-four family real estate and other1,031 1,319 — — 2,350 
Agricultural real estate and operating682 252 — — 934 
Total Community Banking6,378 6,975 — — 13,353 
Total$30,176 $37,296 $(3,187)$1,070 $65,355 

Six Months Ended March 31, 2020
(Dollars in Thousands)Beginning balanceProvision (recovery) for loan and lease lossesCharge-offsRecoveriesEnding balance
Allowance for loan and lease losses:
National Lending
Term lending $5,533 $9,081 $(3,172)$205 $11,647 
Asset based lending2,437 342 — 47 2,826 
Factoring3,261 1,489 (735)429 4,444 
Lease financing1,275 1,546 (367)229 2,683 
Insurance premium finance1,024 2,076 (1,074)116 2,142 
SBA/USDA383 1,292 (117)— 1,558 
Other commercial finance683 (131)— — 552 
Commercial finance14,596 15,695 (5,465)1,026 25,852 
Consumer credit products1,044 38 — — 1,082 
Other consumer finance5,118 (833)(1,640)769 3,414 
Consumer finance6,162 (795)(1,640)769 4,496 
Tax services— 20,507 — 813 21,320 
Warehouse finance263 71 — — 334 
Total National Lending21,021 35,478 (7,105)2,608 52,002 
Community Banking
Commercial real estate and operating6,208 3,861 — — 10,069 
Consumer one-to-four family real estate and other1,053 1,297 — — 2,350 
Agricultural real estate and operating867 67 — — 934 
Total Community Banking8,128 5,225 — — 13,353 
Total$29,149 $40,703 $(7,105)$2,608 $65,355 
The following table provide additional disclosures previously required by ASC Topic 310 related to the Company's September 30, 2020 balances.

AllowanceLoans and Leases
(Dollars in Thousands)Ending Balance: Individually Evaluated for ImpairmentEnding Balance: Collectively Evaluated for ImpairmentTotalEnding Balance: Individually Evaluated for ImpairmentEnding Balance: Collectively Evaluated for ImpairmentTotal
Recorded Investment
National Lending
Term lending$3,155 $12,056 $15,211 $26,085 $779,238 $805,323 
Asset based lending355 1,051 1,406 5,317 177,102 182,419 
Factoring274 2,753 3,027 5,071 276,102 281,173 
Lease financing1,194 5,829 7,023 4,697 276,387 281,084 
Insurance premium finance— 2,129 2,129 — 337,940 337,940 
SBA/USDA— 940 940 1,436 316,951 318,387 
Other commercial finance— 182 182 — 101,658 101,658 
Commercial finance4,978 24,940 29,918 42,606 2,265,378 2,307,984 
Consumer credit products— 845 845 — 89,809 89,809 
Other consumer finance— 2,821 2,821 1,987 132,355 134,342 
Consumer finance— 3,666 3,666 1,987 222,164 224,151 
Tax services— 2 2 — 3,066 3,066 
Warehouse finance— 294 294 — 293,375 293,375 
Total National Lending4,978 28,902 33,880 44,593 2,783,983 2,828,576 
Community Banking
Commercial real estate and operating141 21,726 21,867 160 457,211 457,371 
Consumer one-to-four family real estate and other— 298 298 104 16,382 16,486 
Agricultural real estate and operating— 143 143 6,421 5,286 11,707 
Total Community Banking141 22,167 22,308 6,685 478,879 485,564 
Total$5,119 $51,069 $56,188 $51,278 $3,262,862 $3,314,140 
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
As of March 31, 202120212020201920182017Prior
Term lending
Pass$200,824 $392,195 $123,457 $67,408 $5,541 $19,373 $— $808,798 
Watch1,807 12,959 8,322 682 564 1,564 — 25,898 
Special Mention— 6,292 5,694 1,377 42 7,871 — 21,276 
Substandard— 4,745 23,344 4,520 142 770 — 33,521 
Doubtful58 919 601 343 — — — 1,921 
Total202,689 417,110 161,418 74,330 6,289 29,578 — 891,414 
Asset based lending
Pass— — — — — — 166,247 166,247 
Watch— — — — — — 61,887 61,887 
Special Mention— — — — — — 16,854 16,854 
Substandard— — — — — — 3,747 3,747 
Total— — — — — — 248,735 248,735 
Factoring
Pass— — — — — — 233,225 233,225 
Watch— — — — — — 20,262 20,262 
Special Mention— — — — — — 16,220 16,220 
Substandard— — — — — — 7,905 7,905 
Total— — — — — — 277,612 277,612 
Lease financing
Pass77,907 133,720 44,897 16,476 7,843 1,008 — 281,851 
Watch4,750 12,832 325 478 341 438 — 19,164 
Special Mention125 1,753 183 223 44 — — 2,328 
Substandard— 304 3,241 887 3 — — 4,435 
Doubtful— 118 273 — — — — 391 
Total82,782 148,727 48,919 18,064 8,231 1,446 — 308,169 
Insurance premium finance
Pass292,948 50,092 23 — — — — 343,063 
Watch35 301 — — — — — 336 
Special Mention1,236 107 — — — — — 1,343 
Substandard— 33 — — — — — 33 
Doubtful— 66 — — — — — 66 
Total294,219 50,599 23 — — — — 344,841 
SBA/USDA
Pass97,498 155,760 24,689 22,832 9,093 7,384 — 317,256 
Watch— 6,782 643 449 1,379 952 — 10,205 
Special Mention— — — 1,814 — 69 — 1,883 
Substandard— — — 1,203 698 672 — 2,573 
Total97,498 162,542 25,332 26,298 11,170 9,077 — 331,917 
Other commercial finance
Pass— 20,603 9,259 6,305 3,801 60,162 — 100,130 
Watch642 — — — 857 1,327 — 2,826 
Substandard— — — 278 — — — 278 
Total642 20,603 9,259 6,583 4,658 61,489 — 103,234 
Warehouse finance
Pass— — — — — — 332,456 332,456 
Total— — — — — — 332,456 332,456 
Total National Lending
Pass669,178 752,369 202,325 113,022 26,278 87,926 731,928 2,583,026 
Watch7,233 32,873 9,291 1,608 3,142 4,282 82,149 140,578 
Special Mention1,361 8,153 5,876 3,414 86 7,940 33,074 59,904 
Substandard— 5,083 26,585 6,888 842 1,442 11,652 52,492 
Doubtful58 1,103 874 343 — — — 2,378 
Total677,830 799,581 244,951 125,275 30,348 101,590 858,803 2,838,378 
Commercial real estate and operating
Pass— 13,109 105,549 80,399 33,003 533 — 232,593 
Watch— 926 4,182 52,490 20,496 6,013 — 84,107 
Special Mention— — — — — 684 — 684 
Substandard— 300 700 16,897 — 306 — 18,203 
Total— 14,335 110,431 149,786 53,499 7,536 — 335,587 
Consumer 1-4 family real estate and other
Pass— — 159 875 374 2,869 — 4,277 
Substandard— — 110 — 41 139 — 290 
Total— — 269 875 415 3,008 — 4,567 
Agricultural real estate and other
Pass— — 85 108 — 2,586 — 2,779 
Substandard— 3,278 — 1,263 — 591 — 5,132 
Total— 3,278 85 1,371 — 3,177 — 7,911 
Total Community Bank
Pass— 13,109 105,793 81,382 33,377 5,988 — 239,649 
Watch— 926 4,182 52,490 20,496 6,013 — 84,107 
Special Mention— — — — — 684 — 684 
Substandard— 3,578 810 18,160 41 1,036 — 23,625 
Total— 17,613 110,785 152,032 53,914 13,721 — 348,065 
Total Loans and Leases
Pass669,178 765,478 308,118 194,404 59,655 93,914 731,928 2,822,675 
Watch7,233 33,799 13,473 54,098 23,638 10,295 82,149 224,685 
Special Mention1,361 8,153 5,876 3,414 86 8,624 33,074 60,588 
Substandard— 8,661 27,395 25,048 883 2,478 11,652 76,117 
Doubtful58 1,103 874 343 — — — 2,378 
Total$677,830 $817,194 $355,736 $277,307 $84,262 $115,311 $858,803 $3,186,443 
The recorded investment of loans and leases by asset classification was as follows:

Asset ClassificationPassWatchSpecial MentionSubstandardDoubtfulTotal
As of September 30, 2020(Dollars in Thousands)
National Lending
Term lending$725,101 $29,637 $24,501 $21,249 $4,835 $805,323 
Asset based lending102,013 62,512 12,577 5,317 — 182,419 
Factoring217,245 45,200 13,657 5,071 — 281,173 
Lease financing264,700 8,879 2,808 4,148 549 281,084 
Insurance premium finance336,364 284 222 701 369 337,940 
SBA/USDA308,549 8,328 74 1,436 — 318,387 
Other commercial finance100,727 931 — — — 101,658 
Commercial finance2,054,699 155,771 53,839 37,922 5,753 2,307,984 
Warehouse finance293,375 — — — — 293,375 
Total National Lending2,348,074 155,771 53,839 37,922 5,753 2,601,359 
Community Banking
Commercial real estate and operating336,236 98,295 4,049 18,211 580 457,371 
Consumer one-to-four family real estate and other15,648 41 609 188 — 16,486 
Agricultural real estate and operating1,526 — 4,930 5,251 — 11,707 
Total Community Banking353,410 98,336 9,588 23,650 580 485,564 
Total loans and leases$2,701,484 $254,107 $63,427 $61,572 $6,333 $3,086,923 
Past Due Loans and Leases
Past due loans and leases were as follows:

Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in Thousands)30-59 Days
Past Due		60-89 Days
Past Due		>
89 Days Past Due		Total Past
Due		CurrentTotal Loans and Leases
Receivable		> 89 Days Past Due and AccruingNon-accrual balanceTotal
As of March 31, 2021
Loans held for sale$— $— $— $— $67,635 $67,635 $— $— $— 
National Lending
Term lending22,074 7,628 2,592 32,294 859,120 891,414 353 14,665 15,018 
Asset based lending13 — — 13 248,722 248,735 — 382 382 
Factoring— — — — 277,612 277,612 — 35 35 
Lease financing10,216 662 3,882 14,760 293,409 308,169 2,043 2,623 4,666 
Insurance premium finance1,290 440 2,414 4,144 340,697 344,841 2,414 — 2,414 
SBA/USDA— — 600 600 331,317 331,917 — 600 600 
Other commercial finance1,082 — — 1,082 102,152 103,234 — — — 
Commercial finance34,675 8,730 9,488 52,893 2,453,029 2,505,922 4,810 18,305 23,115 
Consumer credit products1,737 3,898 2,019 7,654 97,188 104,842 243 — 243 
Other consumer finance296 264 275 835 129,987 130,822 274 — 274 
Consumer finance2,033 4,162 2,294 8,489 227,175 235,664 517 — 517 
Tax services507 — — 507 225,414 225,921 — — — 
Warehouse finance— — — — 332,456 332,456 — — — 
Total National Lending37,215 12,892 11,782 61,889 3,238,074 3,299,963 5,327 18,305 23,632 
Community Banking
Commercial real estate and operating12 — — 12 335,575 335,587 — 17,896 17,896 
Consumer one-to-four family real estate and other— — 49 49 4,518 4,567 — 159 159 
Agricultural real estate and operating— — 1,769 1,769 6,142 7,911 — 1,769 1,769 
Total Community Banking12 — 1,818 1,830 346,235 348,065 — 19,824 19,824 
Total loans and leases held for investment37,227 12,892 13,600 63,719 3,584,309 3,648,028 5,327 38,129 43,456 
Total loans and leases$37,227 $12,892 $13,600 $63,719 $3,651,944 $3,715,663 $5,327 $38,129 $43,456 
Accruing and Nonaccruing Loans and LeasesNonperforming Loans and Leases
(Dollars in Thousands)30-59 Days
Past Due		60-89 Days
Past Due		>
89 Days Past Due		Total Past
Due		CurrentTotal Loans and Leases
Receivable		> 89 Days Past Due and AccruingNon-accrual balanceTotal
As of September 30, 2020
Loans held for sale$— $— $— $— $183,577 $183,577 $— $— $— 
National Lending
Term lending11,900 3,851 6,390 22,141 783,182 805,323 266 16,274 16,540 
Asset based lending17 — — 17 182,402 182,419 — — — 
Factoring— — — — 281,173 281,173 — 1,096 1,096 
Lease financing194 9,746 6,882 16,822 264,262 281,084 4,344 3,583 7,927 
Insurance premium finance1,227 748 2,364 4,339 333,601 337,940 2,364 — 2,364 
SBA/USDA— — 1,027 1,027 317,360 318,387 427 600 1,027 
Other commercial finance— — — — 101,658 101,658 — — — 
Commercial finance13,338 14,345 16,663 44,346 2,263,638 2,307,984 7,401 21,553 28,954 
Consumer credit products377 358 499 1,233 88,576 89,809 499 — 499 
Other consumer finance600 536 373 1,509 132,833 134,342 373 — 373 
Consumer finance977 894 872 2,743 221,408 224,151 872 — 872 
Tax services— — 1,743 1,743 1,323 3,066 1,743 — 1,743 
Warehouse finance— — — — 293,375 293,375 — — — 
Total National Lending14,315 15,239 19,278 48,832 2,779,744 2,828,576 10,016 21,553 31,569 
Community Banking
Commercial real estate and operating— — 630 630 456,741 457,371 50 580 630 
Consumer one-to-four family real estate and other905 114 50 1,069 15,417 16,486 — 50 50 
Agricultural real estate and operating— — 1,769 1,769 9,938 11,707 — 1,769 1,769 
Total Community Banking905 114 2,449 3,468 482,096 485,564 50 2,399 2,449 
Total loans and leases held for investment15,220 15,353 21,727 52,300 3,261,840 3,314,140 10,066 23,952 34,018 
Total loans and leases$15,220 $15,353 $21,727 $52,300 $3,445,417 $3,497,717 $10,066 $23,952 $34,018 
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
March 31, 202120212020201920182017Prior
National Lending
Term lending$72 $2,746 $8,834 $2,426 $23 $564 $— $14,665 $7,942 
Asset based lending— — — — — — 382 382 9 
Factoring— — — — — — 35 35 — 
Lease financing— 358 1,906 359 — — — 2,623 1,118 
SBA/USDA— — — — 600 — — 600 600 
Commercial finance72 3,104 10,740 2,785 623 564 417 18,305 9,669 
Total National Lending72 3,104 10,740 2,785 623 564 417 18,305 9,669 
Community Banking
Commercial real estate and operating— 300 700 16,896 — — — 17,896 — 
Consumer one-to-four family real estate and other— — 110 — 41 8 — 159 159 
Agricultural real estate and operating— — — 1,263 — 506 — 1,769 1,769 
Total Community Banking— 300 810 18,159 41 514 — 19,824 1,928 
Total nonaccrual loans and leases$72 $3,404 $11,550 $20,944 $664 $1,078 $417 $38,129 $11,597 

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
March 31, 202120212020201920182017Prior
National Lending
Term lending$— $— $— $220 $112 $21 $— $353 
Lease financing1,247 323 139 301 33 — — 2,043 
Insurance premium finance1,313 1,101 — — — — — 2,414 
Commercial finance2,560 1,424 139 521 145 21 — 4,810 
Other consumer finance— — — — — 274 — 274 
Consumer finance (1)
— — — — — 274 — 274 
Total National Lending2,560 1,424 139 521 145 295 — 5,084 
Total 90 days or more delinquent and accruing$2,560 $1,424 $139 $521 $145 $295 $— $5,084 
(1) Consumer credit products are not included in the table as they are evaluated under a separate methodology for allowance for credit loss purposes that considers the overall Program structure. Refer to the Company’s most recent audited financial statements for additional information on these Programs.
Impaired Loans and Leases
Information on impaired loans and leases, all of which are deemed to be collateral dependent and are evaluated individually for the ACL was as follows:

(Dollars in Thousands)March 31, 2021
National Lending
Term lending$13,794 
Asset based lending373 
Factoring35 
Lease financing2,389 
SBA/USDA600 
Commercial finance17,191 
Consumer credit products2,097 
Consumer finance2,097 
Total National Lending19,288 
Community Banking
Commercial real estate and operating17,896 
Consumer one-to-four family real estate and other170 
Agricultural real estate and operating4,658 
Total Community Banking22,724 
Total$42,012 
Information on impaired loans and leases as of September 30, 2020 was as follows:

(Dollars in Thousands)Recorded
Balance		Unpaid Principal
Balance		Specific
Allowance
Loans and leases without a specific valuation allowance
National Lending
Term lending$17,349 $18,823 $— 
Asset based lending3,914 3,914 — 
Factoring3,892 4,967 — 
Lease financing1,797 1,805 — 
SBA/USDA1,436 2,263 — 
Commercial finance28,388 31,772 — 
Other consumer finance1,987 2,104 — 
Consumer finance1,987 2,104 — 
Total National Lending30,375 33,876 — 
Community Banking
Consumer one-to-four family real estate and other104 104 — 
Agricultural real estate and operating6,421 6,421 — 
Total Community Banking6,525 6,525 — 
Total$36,900 $40,401 $— 
Loans and leases with a specific valuation allowance
National Lending
Term lending$8,736 $8,736 $3,155 
Asset based lending1,403 1,403 355 
Factoring1,179 1,191 274 
Lease financing2,900 2,900 1,194 
Commercial finance14,218 14,230 4,978 
Total National Lending14,218 14,230 4,978 
Community Banking
Commercial real estate and operating160 160 141 
Total Community Banking Loans160 160 141 
Total$14,378 $14,390 $5,119 
The following table provides the average recorded investment in non-accrual loans and leases:

Average Recorded Investment
(Dollars in Thousands)Three Months Ended March 31, 2021Six Months Ended March 31, 2021
National Lending
Term lending$12,729 $13,802 
Asset based lending572 823 
Factoring44 490 
Lease financing2,990 3,273 
SBA/USDA600 600 
Commercial finance16,935 18,988 
Total National Lending16,935 18,988 
Community Banking
Commercial real estate and operating18,269 12,404 
Consumer one-to-four family real estate and other161 143 
Agricultural real estate and operating1,769 1,769 
Total Community Banking20,199 14,316 
Total loans and leases$37,134 $33,304 

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

The following table provides the average recorded investment in impaired loans and leases:

Three Months Ended March 31, 2020Six Months Ended March 31, 2020
(Dollars in Thousands)Average Recorded InvestmentRecognized Interest IncomeAverage Recorded InvestmentRecognized Interest Income
National Lending
Term lending$26,454 $46 $22,995 $120 
Asset based lending350 — 389 — 
Factoring4,596 — 4,223 — 
Lease financing2,154 12 2,920 12 
SBA/USDA3,640 — 3,714 — 
Commercial finance37,194 58 34,241 132 
Other consumer finance1,775 39 1,663 73 
Consumer finance1,775 39 1,663 73 
Total National Lending38,970 97 35,904 205 
Community Banking
Commercial real estate and operating682 12 564 25 
Consumer one-to-four family real estate and other82 1 85 9 
Agricultural real estate and operating2,674 (186)2,798 (144)
Total Community Banking3,438 (173)3,447 (110)
Total loans and leases$42,408 $(76)$39,351 $95 
v3.21.1
EARNINGS PER COMMON SHARE ("EPS") (Tables)
 6 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted earnings per share is presented below.
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands, Except Share and Per Share Data)2021202020212020
Basic income per common share:
Net income attributable to Meta Financial Group, Inc.$59,066 $52,304 $87,103 $73,372 
Dividends and undistributed earnings allocated to participating securities(1,113)(1,215)(1,683)(1,652)
Basic net earnings available to common stockholders57,953 51,089 85,420 71,720 
Undistributed earnings allocated to nonvested restricted stockholders1,083 1,173 1,620 1,570 
Reallocation of undistributed earnings to nonvested restricted stockholders(1,082)(1,172)(1,619)(1,569)
Diluted net earnings available to common stockholders$57,954 $51,090 $85,421 $71,721 
Total weighted-average basic common shares outstanding31,520,505 35,114,053 32,158,994 35,865,443 
Effect of dilutive securities(1)
Stock options— 21,497 — 21,634 
Performance share units14,517 — 16,490 — 
Total effect of dilutive securities14,517 21,497 16,490 21,634 
Total weighted-average diluted common shares outstanding31,535,022 35,135,550 32,175,484 35,887,077 
Net earnings per common share:
Basic earnings per common share$1.84 $1.45 $2.66 $2.00 
Diluted earnings per common share(2)
$1.84 $1.45 $2.65 $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 March 31, 2021 and 2020, respectively, were 605,459 and 834,746 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive. Excluded from the computation of diluted earnings per share for the six months ended March 31, 2021 and 2020, respectively, were 633,553 and 826,262 weighted average shares of nonvested restricted stock because their inclusion would be anti-dilutive.
v3.21.1
RENTAL EQUIPMENT, NET (Tables)
 6 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Rental Equipment
Rental equipment consists of the following:

(Dollars in Thousands)March 31, 2021September 30, 2020
Computers and IT networking equipment$16,313 $15,926 
Motor vehicles and other56,012 52,913 
Office furniture and equipment73,889 74,197 
Solar panels and equipment128,430 118,808 
Total274,644 261,844 
Accumulated depreciation(65,013)(57,601)
Unamortized initial direct costs1,766 1,721 
Net book value$211,397 $205,964 
Schedule of Future Minimum Rental Payments for Operating Leases
Undiscounted future minimum lease payments expected to be received for operating leases were as follows:
(Dollars in Thousands)March 31, 2021
Remaining in 2021$17,689 
202230,532 
202326,189 
202418,948 
202513,843 
Thereafter20,269 
Total undiscounted future minimum lease payments receivable for operating leases$127,470 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities were as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$2,219 
20224,596 
20233,999 
20244,152 
20254,027 
Thereafter24,926 
Total undiscounted future minimum lease payments 43,919 
Discount(5,817)
Total operating lease liabilities$38,102 
v3.21.1
FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables)
 6 Months Ended
Mar. 31, 2021
Real Estate [Abstract]  
Schedule of Changes in Foreclosed Real Estate and Repossessed Assets
The following table provides an analysis of changes in foreclosed real estate and repossessed assets:

Six Months Ended March 31,
(Dollars in Thousands)20212020
Balance, beginning of period$9,957 $29,494 
Additions9 5,983 
Reductions:
Write-downs466 104 
Sales8,021 23,085 
(Gain) loss on sale(4)5,039 
Total reductions8,483 28,228 
Balance, ending of period$1,483 $7,249 
v3.21.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The changes in the carrying amount of the Company’s intangible assets for the six months ended March 31, 2021 and 2020 were as follows:

(Dollars in Thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Balance as of September 30, 2020$10,901 $422 $24,333 $6,036 $41,692 
Acquisitions during the period— — — 5 5 
Amortization during the period(544)(191)(3,716)(319)(4,770)
Write-offs during the period— — — (24)(24)
Balance as of March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
Gross carrying amount$14,624 $2,481 $82,088 $10,123 $109,316 
Accumulated amortization(4,267)(2,250)(51,223)(4,207)(61,947)
Accumulated impairment— — (10,248)(218)(10,466)
Balance as of March 31, 2021$10,357 $231 $20,617 $5,698 $36,903 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.

(Dollars in Thousands)
Trademark(1)
Non-Compete(2)
Customer Relationships(3)
All Others(4)
Total
Balance as of September 30, 2019$11,959 $827 $33,207 $6,817 $52,810 
Acquisitions during the period— — — 33 33 
Amortization during the period(528)(212)(4,997)(340)(6,077)
Balance as of March 31, 2020$11,431 $615 $28,210 $6,510 $46,766 
Gross carrying amount$14,624 $2,480 $82,088 $10,736 $109,928 
Accumulated amortization(3,193)(1,865)(43,630)(3,567)(52,255)
Accumulated impairment— — (10,248)(659)(10,907)
Balance as of March 31, 2020$11,431 $615 $28,210 $6,510 $46,766 
(1) Book amortization period of 5-15 years. Amortized using the straight line and accelerated methods.
(2) Book amortization period of 3-5 years. Amortized using the straight line method.
(3) Book amortization period of 10-30 years. Amortized using the accelerated method.
(4) Book amortization period of 3-20 years. Amortized using the straight line method.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Estimated amortization expense of intangible assets in the remaining six months of fiscal 2021 and subsequent fiscal years was as follows:
(Dollars in Thousands)March 31, 2021
Remaining in 2021$3,775 
20226,419 
20235,101 
20244,383 
20253,827 
20263,253 
Thereafter10,145 
Total anticipated intangible amortization$36,903 
v3.21.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
Undiscounted future minimum lease payments expected to be received for operating leases were as follows:
(Dollars in Thousands)March 31, 2021
Remaining in 2021$17,689 
202230,532 
202326,189 
202418,948 
202513,843 
Thereafter20,269 
Total undiscounted future minimum lease payments receivable for operating leases$127,470 
Undiscounted future minimum operating lease payments and a reconciliation to the amount recorded as operating lease liabilities were as follows:

(Dollars in Thousands)March 31, 2021
Remaining in 2021$2,219 
20224,596 
20233,999 
20244,152 
20254,027 
Thereafter24,926 
Total undiscounted future minimum lease payments 43,919 
Discount(5,817)
Total operating lease liabilities$38,102 
Weighted-Average Discount Rate and Remaining Lease Term for Operating Leases
The weighted-average discount rate and remaining lease term for operating leases were as follows:

March 31, 2021
Weighted-average discount rate2.31 %
Weighted-average remaining lease term (years)11.23

The components of total lease costs for operating leases were as follows:
Three Months Ended March 31,Six Months Ended March 31,
(Dollars in Thousands)2021202020212020
Lease expense$991 $869 $1,945 $1,613 
Short-term and variable lease cost69 156 132 334 
ROU asset impairment— — 224 — 
Sublease income(177)(175)(285)(364)
Total lease cost for operating leases$883 $850 $2,016 $1,583 
v3.21.1
STOCK COMPENSATION (Tables)
 6 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
The following tables show the activity of nonvested (restricted) shares and PSUs granted, exercised, or forfeited under the 2002 Omnibus Incentive Plan for the six months ended March 31, 2021. There were no options granted, exercised or forfeited under this plan during the six months ended March 31, 2021.

(Dollars in Thousands, Except Per Share Data)Number of SharesWeighted Average Fair Value at Grant
Nonvested shares outstanding, September 30, 2020
790,083 $30.03 
Granted189,187 30.78 
Vested(274,096)30.22 
Forfeited or expired(98,399)29.66 
Nonvested shares outstanding, March 31, 2021
606,775 $30.24 

(Dollars in Thousands, Except Per Share Data)Number of UnitsWeighted Average Fair Value at Grant
Performance share units outstanding, September 30, 2020
— $— 
Granted(1)
60,984 34.03 
Vested— — 
Forfeited or expired— — 
Performance share units outstanding, March 31, 2021
60,984 $34.03 
(1) The number of PSUs granted reflects the target number of PSUs able to be earned under a given award.
v3.21.1
INCOME TAXES (Tables)
 6 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The table below compares the income tax expense components for the periods presented.

Six Months Ended March 31,
(Dollars in Thousands)20212020
Provision at statutory rate$19,271 $16,730 
Tax-exempt income(486)(591)
State income taxes4,135 3,682 
Interim period effective rate adjustment(3,116)(3,321)
Tax credit investments, net - federal(15,464)(9,536)
Research tax credit(323)(1,709)
IRC 162(m) nondeductible compensation487 1,019 
Other, net161 23 
Income tax expense (benefit)$4,665 $6,297 
Effective tax rate4.97 %7.66 %
v3.21.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 6 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments The table below presents the Company’s revenue by operating segment. For additional descriptions of the Company’s operating segments, including additional financial information and the underlying management accounting process, see Note 17. Segment Reporting to the Condensed Consolidated Financial Statements.
(Dollars in Thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Three Months Ended March 31,20212020202120202021202020212020
Net interest income(1)
$25,085 $16,162 $42,404 $37,026 $6,361 $14,549 $73,850 $67,737 
Noninterest income:
Refund transfer product fees22,680 28,939 — — — — 22,680 28,939 
Tax advance product fees(1)
44,562 29,536 — — — — 44,562 29,536 
Payment card and deposit fees29,875 23,156 — — — — 29,875 23,156 
Other bank and deposit fees— — 126 268 7 113 133 381 
Rental income(1)
5 5 9,841 11,094 — 1 9,846 11,100 
Net gain realized on investment securities(1)
— — — — 6 — 6 — 
Gain on divestitures(1)
— — — — — 19,275 — 19,275 
Gain (loss) on sale of other(1)
— (259)1,624 2,579 509 5 2,133 2,325 
Other income(1)
919 1,831 2,349 1,582 950 2,388 4,218 5,801 
Total noninterest income 98,041 83,208 13,940 15,523 1,472 21,782 113,453 120,513 
Revenue$123,126 $99,370 $56,344 $52,549 $7,833 $36,331 $187,303 $188,250 
(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.
(Dollars in Thousands)ConsumerCommercialCorporate Services/OtherConsolidated Company
Six Months Ended March 31,20212020202120202021202020212020
Net interest income(1)
$47,432 $32,719 $84,252 $76,762 $8,165 $22,907 $139,849 $132,388 
Noninterest income:
Refund transfer product fees23,327 29,131 — — — — 23,327 29,131 
Tax advance product fees(1)
46,522 31,812 — — — — 46,522 31,812 
Payment card and deposit fees52,439 44,655 — — — — 52,439 44,655 
Other bank and deposit fees— — 360 546 10 322 370 868 
Rental income(1)
10 9 19,721 22,128 — 1,314 19,731 23,451 
Net gain realized on investment securities(1)
— — — — 6 — 6 — 
Gain on divestitures(1)
— — — — — 19,275 — 19,275 
Gain (loss) on sale of other(1)
— (19)4,216 4,917 765 (5,142)4,981 (244)
Other income(1)
1,078 2,384 4,809 2,911 5,645 3,752 11,532 9,047 
Total noninterest income123,376 107,972 29,106 30,502 6,426 19,521 158,908 157,995 
Revenue$170,808 $140,691 $113,358 $107,264 $14,591 $42,428 $298,757 $290,383 
(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.
v3.21.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information of Entity
The following tables present segment data for the Company:

Three Months Ended March 31, 2021
(Dollars in Thousands)ConsumerCommercial Corporate
Services/Other		Total
Net interest income$25,085 $42,404 $6,361 $73,850 
Provision for credit losses28,020 2,203 67 30,290 
Noninterest income98,041 13,940 1,472 113,453 
Noninterest expense30,189 27,829 37,953 95,971 
Income (loss) before income tax expense64,917 26,312 (30,187)61,042 
Total assets531,305 3,030,088 6,228,730 9,790,123 
Total goodwill87,145 222,360 — 309,505 
Total deposits8,447,910 12,177 182,326 8,642,413 

Three Months Ended March 31, 2020
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$16,162 $37,026 $14,549 $67,737 
Provision for loan and lease losses19,570 11,994 5,732 37,296 
Noninterest income83,208 15,523 21,782 120,513 
Noninterest expense30,450 27,361 33,918 91,729 
Income (loss) before income tax expense49,350 13,194 (3,319)59,225 
Total assets387,871 2,529,665 2,926,329 5,843,865 
Total goodwill87,145 222,360 — 309,505 
Total deposits3,078,481 9,214 874,709 3,962,404 

Six Months Ended March 31, 2021
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$47,432 $84,252 $8,165 $139,849 
Provision for credit losses30,386 8,670 (2,677)36,379 
Noninterest income123,376 29,106 6,426 158,908 
Noninterest expense48,351 54,997 65,198 168,546 
Income (loss) before income tax expense92,071 49,691 (47,930)93,832 
Total assets531,305 3,030,088 6,228,730 9,790,123 
Total goodwill87,145 222,360 — 309,505 
Total deposits8,447,910 12,177 182,326 8,642,413 
Six Months Ended March 31, 2020
(Dollars in Thousands)ConsumerCommercialCorporate
Services/Other		Total
Net interest income$32,719 $76,762 $22,907 $132,388 
Provision for loan and lease losses20,544 15,695 4,464 40,703 
Noninterest income107,972 30,502 19,521 157,995 
Noninterest expense47,190 54,086 66,250 167,526 
Income (loss) before income tax expense72,957 37,483 (28,286)82,154 
Total assets387,871 2,529,665 2,926,329 5,843,865 
Total goodwill87,145 222,360 — 309,505 
Total deposits3,078,481 9,214 874,709 3,962,404 
v3.21.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Fair Values of Securities Available for Sale and Held to Maturity
The following tables summarize the fair values of debt securities available for sale and equity securities as they are measured at fair value on a recurring basis:
 Fair Value At March 31, 2021
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
SBA securities$170,006 $— $170,006 $— 
Obligations of states and political subdivisions2,816 — 2,816 — 
Non-bank qualified obligations of states and political subdivisions295,722 — 295,722 — 
Asset-backed securities453,403 — 453,403 — 
Mortgage-backed securities558,833 — 558,833 — 
Total debt securities AFS$1,480,780 $— $1,480,780 $— 
Common equities and mutual funds(1)
$3,235 $3,235 $— $— 
Non-marketable equity securities(2)
$4,265 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Consists of certain non-marketable equity securities that are measured at fair value using net asset value ("NAV") per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 Fair Value At September 30, 2020
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Debt securities AFS    
SBA securities$164,955 $— $164,955 $— 
Obligations of states and political subdivisions841 — 841 — 
Non-bank qualified obligations of states and political subdivisions323,774 — 323,774 — 
Asset-backed securities324,925 — 324,925 — 
Mortgage-backed securities453,607 — 453,607 — 
Total debt securities AFS$1,268,102 $— $1,268,102 $— 
Common equities and mutual funds(1)
$2,969 $2,969 $— $— 
Non-marketable equity securities(2)
$2,784 $— $— $— 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Consists of certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a non-recurring basis:

 Fair Value At March 31, 2021
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Impaired loans and leases, net    
Commercial finance$6,830 $— $— $6,830 
Total National Lending6,830 — — 6,830 
Commercial real estate and operating9,029 — — 9,029 
Total Community Banking9,029 — — 9,029 
     Total impaired loans and leases, net15,859 — — 15,859 
Foreclosed assets, net1,483 — — 1,483 
Total$17,342 $— $— $17,342 

 Fair Value At September 30, 2020
(Dollars in Thousands)TotalLevel 1Level 2Level 3
Impaired loans and leases, net    
Commercial finance$9,240 $— $— $9,240 
Total National Lending9,240 — — 9,240 
Commercial real estate and operating20 — — 20 
Total Community Banking20 — — 20 
     Total impaired loans and leases, net9,260 — — 9,260 
Foreclosed assets, net9,957 — — 9,957 
Total$19,217 $— $— $19,217 
Quantitative Information about Level 3 Fair Value Measurements
 Quantitative Information About Level 3 Fair Value Measurements
(Dollars in Thousands)
Fair Value at
March 31, 2021
Fair Value at
September 30, 2020
Valuation
Technique		Unobservable InputRange of Inputs
Impaired loans and leases, net$15,859 9,260 Market approach
Appraised values(1)
4% - 90%
Foreclosed assets, net$1,483 9,957 Market approach
Appraised values(1)
4% - 30%
(1) The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimating selling costs and other inputs in a range of 4% to 90%.
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:
 March 31, 2021
(Dollars in Thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$3,724,242 $3,724,242 $3,724,242 $— $— 
Debt securities available for sale1,480,780 1,480,780 — 1,480,780 — 
Debt securities held to maturity72,112 73,294 — 73,294 — 
Common equities and mutual funds(1)
3,235 3,235 3,235 — — 
Non-marketable equity securities(1)(2)
18,015 18,015 — 13,750 — 
Loans held for sale67,635 67,635 — 67,635 — 
Loans and leases receivable3,648,028 3,655,832 — — 3,655,832 
Federal Reserve Bank and Federal Home Loan Bank stocks28,433 28,433 — 28,433 — 
Accrued interest receivable17,429 17,429 17,429 — — 
Financial liabilities
Deposits8,642,413 8,642,560 8,600,335 42,225 — 
Other short- and long-term borrowings95,336 97,259 — 97,259 — 
Accrued interest payable679 679 679 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.

 September 30, 2020
(Dollars in Thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets
Cash and cash equivalents$427,367 $427,367 $427,367 $— $— 
Debt securities available for sale1,268,102 1,268,102 — 1,268,102 — 
Debt securities held to maturity92,610 93,745 — 93,745 — 
Common equities and mutual funds(1)
2,969 2,969 2,969 — — 
Non-marketable equity securities(1)(2)
14,784 14,784 — 12,000 — 
Loans held for sale183,577 183,577 — 183,577 — 
Loans and leases receivable3,314,140 3,307,037 — — 3,307,037 
Federal Reserve Bank and Federal Home Loan Bank stocks27,138 27,138 — 27,138 — 
Accrued interest receivable16,628 16,628 16,628 — — 
Financial liabilities
Deposits4,979,200 4,980,073 4,705,028 275,045 — 
Overnight federal funds purchased— — — — — 
Federal Home Loan Bank advances— — — — — 
Other short- and long-term borrowings98,224 100,185 — 100,185 — 
Accrued interest payable1,923 1,923 1,923 — — 
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at March 31, 2021 and September 30, 2020.
(2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED ACCOUNTING STANDARDS UPDATES ("ASU") (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Oct. 01, 2020
Sep. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for loan and lease losses $ 98,892 $ 72,389   $ 56,188 $ 65,355 $ 30,176 $ 29,149
Stockholders' equity 835,258 813,210   847,308 805,074 837,068 843,958
    Retained Earnings              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Stockholders' equity 225,471 198,000   234,927 212,027 244,005 252,813
Noncontrolling Interest              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Stockholders' equity 1,092 1,536   3,603 $ 3,762 $ 4,305 $ 4,047
Unfunded commitments              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for loan and lease losses $ 779 $ 688   32      
Adjustment              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for loan and lease losses     $ 12,800 12,773      
Stockholders' equity       (10,803)      
Adjustment |     Retained Earnings              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Stockholders' equity       (8,351)      
Adjustment | Noncontrolling Interest              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Stockholders' equity       (2,452)      
Adjustment | Unfunded commitments              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for loan and lease losses       $ 831      
v3.21.1
SIGNIFICANT EVENTS - Active COVID-19 Related Modifications (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Mar. 31, 2020
Loss Contingencies [Line Items]        
Loans and leases $ 3,657,531   $ 3,322,765  
Total assets 9,790,123   6,092,074 $ 5,843,865
COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 66,474 $ 85,293 193,328  
Total assets 66,474 85,293 193,328  
National Lending | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 7,767 24,974 72,633  
National Lending | Term lending | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 5,460 18,321 26,559  
National Lending | Asset based lending | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 0 1,124 7,924  
National Lending | Factoring | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 0 0 18,434  
National Lending | Lease financing | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 379 1,637 5,896  
National Lending | Insurance premium finance | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 0 0 230  
National Lending | SBA/USDA | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 0 0 7,724  
National Lending | Other commercial finance | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 0 0 69  
National Lending | Commercial finance | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 5,839 21,082 66,836  
National Lending | Consumer credit products | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 301 1,210 1,574  
National Lending | Other consumer finance | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 1,627 2,682 4,223  
National Lending | Consumer finance | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 1,928 3,892 5,797  
Community Banking | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases 58,707 60,319 120,695  
Community Banking | Commercial real estate and operating | COVID-19 Related Modifications        
Loss Contingencies [Line Items]        
Loans and leases $ 58,707 $ 60,319 $ 120,695  
v3.21.1
DIVESTITURES (Details) - Community Bank - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Feb. 29, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Deposit liabilities           $ 290,500,000
Loans           268,600,000
Premises, furniture, and equipment           4,900,000
Other assets           $ 1,300,000
Non-recurring income     $ 19,300,000      
Servicing fee expense     1,600,000 $ 300,000 $ 3,500,000  
Additional loans sold $ 103,200,000 $ 0 $ 233,000,000.0 $ 0    
v3.21.1
SECURITIES - Narrative (Details)
$ in Millions
 6 Months Ended
Mar. 31, 2021
USD ($)
security
Sep. 30, 2020
USD ($)
Investments, Debt and Equity Securities [Abstract]    
AFS number of securities in an unrealized loss position (in securities) | security 49  
Equity securities without readily determinable fair value, amount $ 13.7 $ 11.0
Federal reserve bank stock 19.7 19.7
Federal home loan bank stock 8.8 $ 7.5
Impairment recognized $ 1.5  
v3.21.1
SECURITIES - Available for Sale (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Available-for-sale debt securities [Abstract]    
Amortized Cost $ 1,464,144 $ 1,244,384
Fair Value 1,480,780 1,268,102
Amortized Cost    
Due in one year or less 245 1,385
Due after one year through five years 17,621 20,805
Due after five years through ten years 51,152 32,441
Due after ten years 841,942 749,874
Total 910,960 804,505
Mortgage-backed securities 553,184 439,879
Fair Value    
Due in one year or less 247 1,398
Due after one year through five years 18,199 21,769
Due after five years through ten years 52,585 34,025
Due after ten years 850,916 757,303
Total 921,947 814,495
Mortgage-backed securities 558,833 453,607
SBA securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 166,348 159,722
Gross Unrealized Gains 3,846 5,391
Gross Unrealized (Losses) (188) (158)
Fair Value 170,006 164,955
LESS THAN 12 MONTHS, Fair Value 25,310 32,257
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (24) (102)
OVER 12 MONTHS, Fair Value 31,825 9,875
OVER 12 MONTHS, Gross Unrealized (Losses) (164) (56)
TOTAL, Fair Value 57,135 42,132
TOTAL, Gross Unrealized (Losses) (188) (158)
Obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 2,807 825
Gross Unrealized Gains 10 16
Gross Unrealized (Losses) (1) 0
Fair Value 2,816 841
LESS THAN 12 MONTHS, Fair Value 1,980  
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (1)  
OVER 12 MONTHS, Fair Value 0  
OVER 12 MONTHS, Gross Unrealized (Losses) 0  
TOTAL, Fair Value 1,980  
TOTAL, Gross Unrealized (Losses) (1)  
Non-bank qualified obligations of states and political subdivisions    
Available-for-sale debt securities [Abstract]    
Amortized Cost 288,119 314,819
Gross Unrealized Gains 8,285 8,978
Gross Unrealized (Losses) (682) (23)
Fair Value 295,722 323,774
LESS THAN 12 MONTHS, Fair Value 53,328 6,265
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (682) (6)
OVER 12 MONTHS, Fair Value 0 3,103
OVER 12 MONTHS, Gross Unrealized (Losses) 0 (17)
TOTAL, Fair Value 53,328 9,368
TOTAL, Gross Unrealized (Losses) (682) (23)
Asset-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 453,686 329,139
Gross Unrealized Gains 2,726 2,015
Gross Unrealized (Losses) (3,009) (6,229)
Fair Value 453,403 324,925
LESS THAN 12 MONTHS, Fair Value 75,473 106,474
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (782) (1,089)
OVER 12 MONTHS, Fair Value 189,365 178,686
OVER 12 MONTHS, Gross Unrealized (Losses) (2,227) (5,140)
TOTAL, Fair Value 264,838 285,160
TOTAL, Gross Unrealized (Losses) (3,009) (6,229)
Mortgage-backed securities    
Available-for-sale debt securities [Abstract]    
Amortized Cost 553,184 439,879
Gross Unrealized Gains 11,613 14,567
Gross Unrealized (Losses) (5,964) (839)
Fair Value 558,833 453,607
LESS THAN 12 MONTHS, Fair Value 291,358 138,338
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (5,088) (839)
OVER 12 MONTHS, Fair Value 35,484 0
OVER 12 MONTHS, Gross Unrealized (Losses) (876) 0
TOTAL, Fair Value 326,842 138,338
TOTAL, Gross Unrealized (Losses) (5,964) (839)
Total debt securities AFS    
Available-for-sale debt securities [Abstract]    
Amortized Cost 1,464,144 1,244,384
Gross Unrealized Gains 26,480 30,967
Gross Unrealized (Losses) (9,844) (7,249)
Fair Value 1,480,780 1,268,102
LESS THAN 12 MONTHS, Fair Value 447,449 283,334
LESS THAN 12 MONTHS, Gross Unrealized (Losses) (6,577) (2,036)
OVER 12 MONTHS, Fair Value 256,674 191,664
OVER 12 MONTHS, Gross Unrealized (Losses) (3,267) (5,213)
TOTAL, Fair Value 704,123 474,998
TOTAL, Gross Unrealized (Losses) $ (9,844) $ (7,249)
v3.21.1
SECURITIES - Held to Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Total securities HTM, at cost $ 72,112 $ 92,610
Gross Unrealized Gains 1,182 1,164
Gross Unrealized (Losses) 0 (29)
Fair Value 73,294 93,745
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value   7,397
LESS THAN 12 MONTHS, Gross Unrealized (Losses)   (9)
OVER 12 MONTHS, Fair Value   3,637
OVER 12 MONTHS, Gross Unrealized (Losses)   (20)
TOTAL, Fair Value   11,034
TOTAL, Gross Unrealized (Losses)   (29)
Amortized Cost    
Due after ten years 67,709 87,183
Total 67,709 87,183
Mortgage-backed securities 4,403 5,427
Total securities HTM, at cost 72,112 92,610
Fair Value    
Due after ten years 68,792 88,194
Total 68,792 88,194
Mortgage-backed securities 4,502 5,551
Fair Value 73,294 93,745
Non-bank qualified obligations of states and political subdivisions    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Total securities HTM, at cost 67,709 87,183
Gross Unrealized Gains 1,083 1,040
Gross Unrealized (Losses) 0 (29)
Fair Value 68,792 88,194
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract]    
LESS THAN 12 MONTHS, Fair Value   7,397
LESS THAN 12 MONTHS, Gross Unrealized (Losses)   (9)
OVER 12 MONTHS, Fair Value   3,637
OVER 12 MONTHS, Gross Unrealized (Losses)   (20)
TOTAL, Fair Value   11,034
TOTAL, Gross Unrealized (Losses)   (29)
Amortized Cost    
Total securities HTM, at cost 67,709 87,183
Fair Value    
Fair Value 68,792 88,194
Mortgage-backed securities    
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]    
Total securities HTM, at cost 4,403 5,427
Gross Unrealized Gains 99 124
Gross Unrealized (Losses) 0 0
Fair Value 4,502 5,551
Amortized Cost    
Total securities HTM, at cost 4,403 5,427
Fair Value    
Fair Value $ 4,502 $ 5,551
v3.21.1
LOANS AND LEASES, NET - Summary of Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases $ 3,648,028   $ 3,314,140      
Net deferred loan origination costs (fees) 9,503   8,625      
Total gross loans and leases 3,657,531   3,322,765      
Allowance for credit losses (98,892) $ (72,389) (56,188) $ (65,355) $ (30,176) $ (29,149)
Total loans and leases, net 3,558,639   3,266,577      
National Lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 3,299,963   2,828,576      
Allowance for credit losses (84,865) (58,202) (33,880) (52,002) (23,798) (21,021)
National Lending | Term lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 891,414   805,323      
Allowance for credit losses (27,315) (28,220) (15,211) (11,647) (6,750) (5,533)
National Lending | Asset based lending            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 248,735   182,419      
Allowance for credit losses (1,749) (1,809) (1,406) (2,826) (1,995) (2,437)
National Lending | Factoring            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 277,612   281,173      
Allowance for credit losses (3,210) (3,719) (3,027) (4,444) (3,548) (3,261)
National Lending | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 308,169   281,084      
Allowance for credit losses (6,863) (6,784) (7,023) (2,683) (1,695) (1,275)
National Lending | Insurance premium finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 344,841   337,940      
Allowance for credit losses (1,326) (1,285) (2,129) (2,142) (970) (1,024)
National Lending | SBA/USDA            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 331,917   318,387      
Allowance for credit losses (3,300) (3,164) (940) (1,558) (765) (383)
National Lending | Other commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 103,234   101,658      
Allowance for credit losses (541) (479) (182) (552) (160) (683)
National Lending | Commercial finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 2,505,922   2,307,984      
Allowance for credit losses (44,304) (45,460) (29,918) (25,852) (15,883) (14,596)
National Lending | Consumer credit products            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 104,842   89,809      
Allowance for credit losses (990) (835) (845) (1,082) (1,107) (1,044)
National Lending | Other consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 130,822   134,342      
Allowance for credit losses (10,093) (10,176) (2,821) (3,414) (4,889) (5,118)
National Lending | Consumer finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 235,664   224,151      
Allowance for credit losses (11,083) (11,011) (3,666) (4,496) (5,996) (6,162)
National Lending | Tax services            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 225,921   3,066      
Allowance for credit losses (29,146) (1,412) (2) (21,320) (1,650) 0
National Lending | Warehouse finance            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 332,456   293,375      
Allowance for credit losses (332) (319) (294) (334) (269) (263)
Community Banking            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 348,065   485,564      
Allowance for credit losses (14,027) (14,187) (22,308) (13,353) (6,378) (8,128)
Community Banking | Commercial real estate and operating            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 335,587   457,371      
Allowance for credit losses (13,965) (14,121) (21,867) (10,069) (4,665) (6,208)
Community Banking | Consumer one-to-four family real estate and other            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 4,567   16,486      
Allowance for credit losses (17) (19) (298) (2,350) (1,031) (1,053)
Community Banking | Agricultural real estate and operating            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases 7,911   11,707      
Allowance for credit losses $ (45) $ (47) $ (143) $ (934) $ (682) $ (867)
v3.21.1
LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Total purchases $ 34,153 $ 98,864 $ 99,083 $ 117,677
Loans Sold, Loans held for sale     575,931 160,290
Loans Sold, Total sales 24,382 288,936 476,034 435,070
National Lending        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Total purchases 33,605 89,424 96,236 103,888
Loans Sold, Loans held for sale 24,382 17,255 346,246 160,290
Community Banking        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans Purchased, Total purchases 548 9,440 2,847 13,789
Loans Sold, Loans held for sale 0 271,681 129,788 271,681
Loans Sold, Loans held for investment $ 0 $ 0 $ 0 $ 3,099
v3.21.1
LOANS AND LEASES, NET - Direct Financing and Sales-type Leases, and Lease Receivable Maturity (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Net Investment in Lease [Abstract]          
Carrying amount $ 327,238   $ 327,238   $ 299,487
Unguaranteed residual assets 17,835   17,835   17,203
Unamortized initial direct costs 2,247   2,247   2,078
Unearned income (36,904)   (36,904)   (35,606)
Total net investment in direct financing and sales-type leases 310,416   310,416   $ 283,162
Operating Lease, Lease Income [Abstract]          
Interest income on net investments in direct financing and sales-type leases 6,116 $ 4,375 11,435 $ 8,462  
Lease income from operating lease payments 9,735 11,263 19,776 22,466  
Profit (loss) recorded on commencement date on sales-type leases 59 16 130 487  
Other 1,687 1,831 1,756 2,581  
Total leasing and equipment finance noninterest income 11,481 13,110 21,662 25,534  
Total lease income 17,597 $ 17,485 33,097 $ 33,996  
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]          
Remaining in 2021 63,369   63,369    
2022 108,413   108,413    
2023 79,701   79,701    
2024 47,563   47,563    
2025 20,468   20,468    
Thereafter 7,724   7,724    
Equipment under leases not yet commenced 0   0    
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases 327,238   327,238    
Third-party residual value guarantees 0   0    
Total carrying amount of direct financing and sales-type lease $ 327,238   $ 327,238    
v3.21.1
LOANS AND LEASES, NET - Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Oct. 01, 2020
Sep. 30, 2020
Allowance for Credit Losses [Roll Forward]              
Beginning Balance $ 72,389 $ 30,176 $ 56,188 $ 29,149      
Provision (recovery) for loan and lease losses 30,199 37,296 36,463 40,703      
Charge-offs (4,249) (3,187) (9,923) (7,105)      
Recoveries 553 1,070 3,391 2,608      
Ending Balance 98,892 65,355 98,892 65,355      
Ending Balance: Individually Evaluated for Impairment             $ 5,119
Ending Balance: Collectively Evaluated for Impairment             51,069
Total 72,389 65,355 56,188 65,355 $ 98,892   56,188
Loans:              
Ending balance: individually evaluated for impairment             51,278
Ending balance: collectively evaluated for impairment             3,262,862
Total         3,648,028   3,314,140
Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     12,773        
Total     12,773     $ 12,800 12,773
Unfunded commitments              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 688   32        
Provision (recovery) for loan and lease losses 91   (84)        
Charge-offs 0   0        
Recoveries 0   0        
Ending Balance 779   779        
Total 779   779   779   32
Unfunded commitments | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     831        
Total     831       831
Total Committed Loans              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 73,077   56,220        
Provision (recovery) for loan and lease losses 30,290   36,379        
Charge-offs (4,249)   (9,923)        
Recoveries 553   3,391        
Ending Balance 99,671   99,671        
Total 99,671   56,220   99,671   56,220
Total Committed Loans | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     13,604        
Total     13,604       13,604
National Lending              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 58,202 23,798 33,880 21,021      
Provision (recovery) for loan and lease losses 30,225 30,321 38,662 35,478      
Charge-offs (4,115) (3,187) (9,778) (7,105)      
Recoveries 553 1,070 3,391 2,608      
Ending Balance 84,865 52,002 84,865 52,002      
Ending Balance: Individually Evaluated for Impairment             4,978
Ending Balance: Collectively Evaluated for Impairment             28,902
Total 84,865 52,002 33,880 52,002 84,865   33,880
Loans:              
Ending balance: individually evaluated for impairment             44,593
Ending balance: collectively evaluated for impairment             2,783,983
Total         3,299,963   2,828,576
National Lending | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     18,710        
Total     18,710       18,710
National Lending | Term lending              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 28,220 6,750 15,211 5,533      
Provision (recovery) for loan and lease losses 1,396 5,679 7,422 9,081      
Charge-offs (2,477) (877) (5,789) (3,172)      
Recoveries 176 95 472 205      
Ending Balance 27,315 11,647 27,315 11,647      
Ending Balance: Individually Evaluated for Impairment             3,155
Ending Balance: Collectively Evaluated for Impairment             12,056
Total 27,315 11,647 27,315 5,533 27,315   15,211
Loans:              
Ending balance: individually evaluated for impairment             26,085
Ending balance: collectively evaluated for impairment             779,238
Total         891,414   805,323
National Lending | Term lending | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     9,999        
Total     9,999       9,999
National Lending | Asset based lending              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 1,809 1,995 1,406 2,437      
Provision (recovery) for loan and lease losses 539 803 1,378 342      
Charge-offs (599) 0 (1,199) 0      
Recoveries 0 28 0 47      
Ending Balance 1,749 2,826 1,749 2,826      
Ending Balance: Individually Evaluated for Impairment             355
Ending Balance: Collectively Evaluated for Impairment             1,051
Total 1,749 2,826 1,749 2,437 1,749   1,406
Loans:              
Ending balance: individually evaluated for impairment             5,317
Ending balance: collectively evaluated for impairment             177,102
Total         248,735   182,419
National Lending | Asset based lending | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     164        
Total     164       164
National Lending | Factoring              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 3,719 3,548 3,027 3,261      
Provision (recovery) for loan and lease losses (545) 1,231 (1,961) 1,489      
Charge-offs 0 (345) (1) (735)      
Recoveries 36 10 1,158 429      
Ending Balance 3,210 4,444 3,210 4,444      
Ending Balance: Individually Evaluated for Impairment             274
Ending Balance: Collectively Evaluated for Impairment             2,753
Total 3,210 4,444 3,027 3,261 3,210   3,027
Loans:              
Ending balance: individually evaluated for impairment             5,071
Ending balance: collectively evaluated for impairment             276,102
Total         277,612   281,173
National Lending | Factoring | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     987        
Total     987       987
National Lending | Lease financing              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 6,784 1,695 7,023 1,275      
Provision (recovery) for loan and lease losses 420 1,043 1,532 1,546      
Charge-offs (471) (152) (1,347) (367)      
Recoveries 130 97 211 229      
Ending Balance 6,863 2,683 6,863 2,683      
Ending Balance: Individually Evaluated for Impairment             1,194
Ending Balance: Collectively Evaluated for Impairment             5,829
Total 6,863 2,683 7,023 2,683 6,863   7,023
Loans:              
Ending balance: individually evaluated for impairment             4,697
Ending balance: collectively evaluated for impairment             276,387
Total         308,169   281,084
National Lending | Lease financing | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (556)        
Total     (556)       (556)
National Lending | Insurance premium finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 1,285 970 2,129 1,024      
Provision (recovery) for loan and lease losses 103 1,935 591 2,076      
Charge-offs (149) (789) (805) (1,074)      
Recoveries 87 26 376 116      
Ending Balance 1,326 2,142 1,326 2,142      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             2,129
Total 1,326 2,142 2,129 1,024 1,326   2,129
Loans:              
Ending balance: individually evaluated for impairment             0
Ending balance: collectively evaluated for impairment             337,940
Total         344,841   337,940
National Lending | Insurance premium finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (965)        
Total     (965)       (965)
National Lending | SBA/USDA              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 3,164 765 940 383      
Provision (recovery) for loan and lease losses 136 910 (361) 1,292      
Charge-offs 0 (117) 0 (117)      
Recoveries 0 0 1 0      
Ending Balance 3,300 1,558 3,300 1,558      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             940
Total 3,300 1,558 940 1,558 3,300   940
Loans:              
Ending balance: individually evaluated for impairment             1,436
Ending balance: collectively evaluated for impairment             316,951
Total         331,917   318,387
National Lending | SBA/USDA | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     2,720        
Total     2,720       2,720
National Lending | Other commercial finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 479 160 182 683      
Provision (recovery) for loan and lease losses 62 392 (5) (131)      
Charge-offs 0 0 0 0      
Recoveries 0 0 0 0      
Ending Balance 541 552 541 552      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             182
Total 541 552 182 683 541   182
Loans:              
Ending balance: individually evaluated for impairment             0
Ending balance: collectively evaluated for impairment             101,658
Total         103,234   101,658
National Lending | Other commercial finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     364        
Total     364       364
National Lending | Commercial finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 45,460 15,883 29,918 14,596      
Provision (recovery) for loan and lease losses 2,111 11,993 8,596 15,695      
Charge-offs (3,696) (2,280) (9,141) (5,465)      
Recoveries 429 256 2,218 1,026      
Ending Balance 44,304 25,852 44,304 25,852      
Ending Balance: Individually Evaluated for Impairment             4,978
Ending Balance: Collectively Evaluated for Impairment             24,940
Total 44,304 25,852 29,918 25,852 44,304   29,918
Loans:              
Ending balance: individually evaluated for impairment             42,606
Ending balance: collectively evaluated for impairment             2,265,378
Total         2,505,922   2,307,984
National Lending | Commercial finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     12,713        
Total     12,713       12,713
National Lending | Consumer credit products              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 835 1,107 845 1,044      
Provision (recovery) for loan and lease losses 155 (25) 145 38      
Charge-offs 0 0 0 0      
Recoveries 0 0 0 0      
Ending Balance 990 1,082 990 1,082      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             845
Total 990 1,082 845 1,082 990   845
Loans:              
Ending balance: individually evaluated for impairment             0
Ending balance: collectively evaluated for impairment             89,809
Total         104,842   89,809
National Lending | Consumer credit products | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     0        
Total     0       0
National Lending | Other consumer finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 10,176 4,889 2,821 5,118      
Provision (recovery) for loan and lease losses 266 (1,308) 1,748 (833)      
Charge-offs (419) (907) (637) (1,640)      
Recoveries 70 740 163 769      
Ending Balance 10,093 3,414 10,093 3,414      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             2,821
Total 10,093 3,414 2,821 3,414 10,093   2,821
Loans:              
Ending balance: individually evaluated for impairment             1,987
Ending balance: collectively evaluated for impairment             132,355
Total         130,822   134,342
National Lending | Other consumer finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     5,998        
Total     5,998       5,998
National Lending | Consumer finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 11,011 5,996 3,666 6,162      
Provision (recovery) for loan and lease losses 421 (1,333) 1,893 (795)      
Charge-offs (419) (907) (637) (1,640)      
Recoveries 70 740 163 769      
Ending Balance 11,083 4,496 11,083 4,496      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             3,666
Total 11,083 4,496 11,083 6,162 11,083   3,666
Loans:              
Ending balance: individually evaluated for impairment             1,987
Ending balance: collectively evaluated for impairment             222,164
Total         235,664   224,151
National Lending | Consumer finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     5,998        
Total     5,998       5,998
National Lending | Tax services              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 1,412 1,650 2 0      
Provision (recovery) for loan and lease losses 27,680 19,596 28,134 20,507      
Charge-offs 0 0 0 0      
Recoveries 54 74 1,010 813      
Ending Balance 29,146 21,320 29,146 21,320      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             2
Total 29,146 21,320 2 0 29,146   2
Loans:              
Ending balance: individually evaluated for impairment             0
Ending balance: collectively evaluated for impairment             3,066
Total         225,921   3,066
National Lending | Tax services | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     0        
Total     0       0
National Lending | Warehouse finance              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 319 269 294 263      
Provision (recovery) for loan and lease losses 13 65 39 71      
Charge-offs 0 0 0 0      
Recoveries 0 0 0 0      
Ending Balance 332 334 332 334      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             294
Total 332 334 332 263 332   294
Loans:              
Ending balance: individually evaluated for impairment             0
Ending balance: collectively evaluated for impairment             293,375
Total         332,456   293,375
National Lending | Warehouse finance | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (1)        
Total     (1)       (1)
Community Banking              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 14,187 6,378 22,308 8,128      
Provision (recovery) for loan and lease losses (26) 6,975 (2,199) 5,225      
Charge-offs (134) 0 (145) 0      
Recoveries 0 0 0 0      
Ending Balance 14,027 13,353 14,027 13,353      
Ending Balance: Individually Evaluated for Impairment             141
Ending Balance: Collectively Evaluated for Impairment             22,167
Total 14,027 13,353 14,027 13,353 14,027   22,308
Loans:              
Ending balance: individually evaluated for impairment             6,685
Ending balance: collectively evaluated for impairment             478,879
Total         348,065   485,564
Community Banking | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (5,937)        
Total     (5,937)       (5,937)
Community Banking | Commercial real estate and operating              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 14,121 4,665 21,867 6,208      
Provision (recovery) for loan and lease losses (22) 5,404 (2,141) 3,861      
Charge-offs (134) 0 (145) 0      
Recoveries 0 0 0 0      
Ending Balance 13,965 10,069 13,965 10,069      
Ending Balance: Individually Evaluated for Impairment             141
Ending Balance: Collectively Evaluated for Impairment             21,726
Total 13,965 10,069 13,965 10,069 13,965   21,867
Loans:              
Ending balance: individually evaluated for impairment             160
Ending balance: collectively evaluated for impairment             457,211
Total         335,587   457,371
Community Banking | Commercial real estate and operating | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (5,616)        
Total     (5,616)       (5,616)
Community Banking | Consumer one-to-four family real estate and other              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 19 1,031 298 1,053      
Provision (recovery) for loan and lease losses (2) 1,319 (34) 1,297      
Charge-offs 0 0 0 0      
Recoveries 0 0 0 0      
Ending Balance 17 2,350 17 2,350      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             298
Total 17 2,350 17 1,053 17   298
Loans:              
Ending balance: individually evaluated for impairment             104
Ending balance: collectively evaluated for impairment             16,382
Total         4,567   16,486
Community Banking | Consumer one-to-four family real estate and other | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (247)        
Total     (247)       (247)
Community Banking | Agricultural real estate and operating              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance 47 682 143 867      
Provision (recovery) for loan and lease losses (2) 252 (24) 67      
Charge-offs 0 0 0 0      
Recoveries 0 0 0 0      
Ending Balance 45 934 45 934      
Ending Balance: Individually Evaluated for Impairment             0
Ending Balance: Collectively Evaluated for Impairment             143
Total $ 45 $ 934 143 $ 934 45   143
Loans:              
Ending balance: individually evaluated for impairment             6,421
Ending balance: collectively evaluated for impairment             5,286
Total         $ 7,911   11,707
Community Banking | Agricultural real estate and operating | Adjustment              
Allowance for Credit Losses [Roll Forward]              
Beginning Balance     (74)        
Total     $ (74)       $ (74)
v3.21.1
LOANS AND LEASES, NET - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Loans and leases without a specific valuation allowance          
Recorded Balance         $ 36,900
Unpaid Principal Balance         40,401
Impaired loans, unpaid balance $ 42,012   $ 42,012    
Loans with a specific valuation allowance          
Recorded Balance         14,378
Unpaid Principal Balance         14,390
Specific Allowance         5,119
Average Recorded Investment 37,134 $ 42,408 33,304 $ 39,351  
Recognized Interest Income   (76)   95  
National Lending          
Loans and leases without a specific valuation allowance          
Recorded Balance         30,375
Unpaid Principal Balance         33,876
Impaired loans, unpaid balance 19,288   19,288    
Loans with a specific valuation allowance          
Recorded Balance         14,218
Unpaid Principal Balance         14,230
Specific Allowance         4,978
Average Recorded Investment 16,935 38,970 18,988 35,904  
Recognized Interest Income   97   205  
National Lending | Term lending          
Loans and leases without a specific valuation allowance          
Recorded Balance         17,349
Unpaid Principal Balance         18,823
Impaired loans, unpaid balance 13,794   13,794    
Loans with a specific valuation allowance          
Recorded Balance         8,736
Unpaid Principal Balance         8,736
Specific Allowance         3,155
Average Recorded Investment 12,729 26,454 13,802 22,995  
Recognized Interest Income   46   120  
National Lending | Asset based lending          
Loans and leases without a specific valuation allowance          
Recorded Balance         3,914
Unpaid Principal Balance         3,914
Impaired loans, unpaid balance 373   373    
Loans with a specific valuation allowance          
Recorded Balance         1,403
Unpaid Principal Balance         1,403
Specific Allowance         355
Average Recorded Investment 572 350 823 389  
Recognized Interest Income   0   0  
National Lending | Factoring          
Loans and leases without a specific valuation allowance          
Recorded Balance         3,892
Unpaid Principal Balance         4,967
Impaired loans, unpaid balance 35   35    
Loans with a specific valuation allowance          
Recorded Balance         1,179
Unpaid Principal Balance         1,191
Specific Allowance         274
Average Recorded Investment 44 4,596 490 4,223  
Recognized Interest Income   0   0  
National Lending | Lease financing          
Loans and leases without a specific valuation allowance          
Recorded Balance         1,797
Unpaid Principal Balance         1,805
Impaired loans, unpaid balance 2,389   2,389    
Loans with a specific valuation allowance          
Recorded Balance         2,900
Unpaid Principal Balance         2,900
Specific Allowance         1,194
Average Recorded Investment 2,990 2,154 3,273 2,920  
Recognized Interest Income   12   12  
National Lending | SBA/USDA          
Loans and leases without a specific valuation allowance          
Recorded Balance         1,436
Unpaid Principal Balance         2,263
Impaired loans, unpaid balance 600   600    
Loans with a specific valuation allowance          
Average Recorded Investment 600 3,640 600 3,714  
Recognized Interest Income   0   0  
National Lending | Commercial finance          
Loans and leases without a specific valuation allowance          
Recorded Balance         28,388
Unpaid Principal Balance         31,772
Impaired loans, unpaid balance 17,191   17,191    
Loans with a specific valuation allowance          
Recorded Balance         14,218
Unpaid Principal Balance         14,230
Specific Allowance         4,978
Average Recorded Investment 16,935 37,194 18,988 34,241  
Recognized Interest Income   58   132  
National Lending | Consumer credit products          
Loans and leases without a specific valuation allowance          
Impaired loans, unpaid balance 2,097   2,097    
National Lending | Other consumer finance          
Loans and leases without a specific valuation allowance          
Recorded Balance         1,987
Unpaid Principal Balance         2,104
Loans with a specific valuation allowance          
Average Recorded Investment   1,775   1,663  
Recognized Interest Income   39   73  
National Lending | Consumer finance          
Loans and leases without a specific valuation allowance          
Recorded Balance         1,987
Unpaid Principal Balance         2,104
Impaired loans, unpaid balance 2,097   2,097    
Loans with a specific valuation allowance          
Average Recorded Investment   1,775   1,663  
Recognized Interest Income   39   73  
Community Banking          
Loans and leases without a specific valuation allowance          
Recorded Balance         6,525
Unpaid Principal Balance         6,525
Impaired loans, unpaid balance 22,724   22,724    
Loans with a specific valuation allowance          
Recorded Balance         160
Unpaid Principal Balance         160
Specific Allowance         141
Average Recorded Investment 20,199 3,438 14,316 3,447  
Recognized Interest Income   (173)   (110)  
Community Banking | Commercial real estate and operating          
Loans and leases without a specific valuation allowance          
Impaired loans, unpaid balance 17,896   17,896    
Loans with a specific valuation allowance          
Recorded Balance         160
Unpaid Principal Balance         160
Specific Allowance         141
Average Recorded Investment 18,269 682 12,404 564  
Recognized Interest Income   12   25  
Community Banking | Consumer one-to-four family real estate and other          
Loans and leases without a specific valuation allowance          
Recorded Balance         104
Unpaid Principal Balance         104
Impaired loans, unpaid balance 170   170    
Loans with a specific valuation allowance          
Average Recorded Investment 161 82 143 85  
Recognized Interest Income   1   9  
Community Banking | Agricultural real estate and operating          
Loans and leases without a specific valuation allowance          
Recorded Balance         6,421
Unpaid Principal Balance         $ 6,421
Impaired loans, unpaid balance 4,658   4,658    
Loans with a specific valuation allowance          
Average Recorded Investment $ 1,769 2,674 $ 1,769 2,798  
Recognized Interest Income   $ (186)   $ (144)  
v3.21.1
LOANS AND LEASES, NET - Credit Quality Indicator (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases $ 3,657,531 $ 3,322,765
Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 669,178  
2020 765,478  
2019 308,118  
2018 194,404  
2017 59,655  
Prior 93,914  
Revolving Loans and Leases 731,928  
Total gross loans and leases 2,822,675 2,701,484
Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 7,233  
2020 33,799  
2019 13,473  
2018 54,098  
2017 23,638  
Prior 10,295  
Revolving Loans and Leases 82,149  
Total gross loans and leases 224,685 254,107
Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 1,361  
2020 8,153  
2019 5,876  
2018 3,414  
2017 86  
Prior 8,624  
Revolving Loans and Leases 33,074  
Total gross loans and leases 60,588 63,427
Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 8,661  
2019 27,395  
2018 25,048  
2017 883  
Prior 2,478  
Revolving Loans and Leases 11,652  
Total gross loans and leases 76,117 61,572
Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 58  
2020 1,103  
2019 874  
2018 343  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 2,378 6,333
Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 677,830  
2020 817,194  
2019 355,736  
2018 277,307  
2017 84,262  
Prior 115,311  
Revolving Loans and Leases 858,803  
Total gross loans and leases 3,186,443 3,086,923
National Lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 669,178  
2020 752,369  
2019 202,325  
2018 113,022  
2017 26,278  
Prior 87,926  
Revolving Loans and Leases 731,928  
Total gross loans and leases 2,583,026 2,348,074
National Lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 7,233  
2020 32,873  
2019 9,291  
2018 1,608  
2017 3,142  
Prior 4,282  
Revolving Loans and Leases 82,149  
Total gross loans and leases 140,578 155,771
National Lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 1,361  
2020 8,153  
2019 5,876  
2018 3,414  
2017 86  
Prior 7,940  
Revolving Loans and Leases 33,074  
Total gross loans and leases 59,904 53,839
National Lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 5,083  
2019 26,585  
2018 6,888  
2017 842  
Prior 1,442  
Revolving Loans and Leases 11,652  
Total gross loans and leases 52,492 37,922
National Lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 58  
2020 1,103  
2019 874  
2018 343  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 2,378 5,753
National Lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 677,830  
2020 799,581  
2019 244,951  
2018 125,275  
2017 30,348  
Prior 101,590  
Revolving Loans and Leases 858,803  
Total gross loans and leases 2,838,378 2,601,359
National Lending | Term lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 200,824  
2020 392,195  
2019 123,457  
2018 67,408  
2017 5,541  
Prior 19,373  
Revolving Loans and Leases 0  
Total gross loans and leases 808,798 725,101
National Lending | Term lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 1,807  
2020 12,959  
2019 8,322  
2018 682  
2017 564  
Prior 1,564  
Revolving Loans and Leases 0  
Total gross loans and leases 25,898 29,637
National Lending | Term lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 6,292  
2019 5,694  
2018 1,377  
2017 42  
Prior 7,871  
Revolving Loans and Leases 0  
Total gross loans and leases 21,276 24,501
National Lending | Term lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 4,745  
2019 23,344  
2018 4,520  
2017 142  
Prior 770  
Revolving Loans and Leases 0  
Total gross loans and leases 33,521 21,249
National Lending | Term lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 58  
2020 919  
2019 601  
2018 343  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 1,921 4,835
National Lending | Term lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 202,689  
2020 417,110  
2019 161,418  
2018 74,330  
2017 6,289  
Prior 29,578  
Revolving Loans and Leases 0  
Total gross loans and leases 891,414 805,323
National Lending | Asset based lending | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 166,247  
Total gross loans and leases 166,247 102,013
National Lending | Asset based lending | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 61,887  
Total gross loans and leases 61,887 62,512
National Lending | Asset based lending | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 16,854  
Total gross loans and leases 16,854 12,577
National Lending | Asset based lending | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 3,747  
Total gross loans and leases 3,747 5,317
National Lending | Asset based lending | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Asset based lending | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 248,735  
Total gross loans and leases 248,735 182,419
National Lending | Factoring | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 233,225  
Total gross loans and leases 233,225 217,245
National Lending | Factoring | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 20,262  
Total gross loans and leases 20,262 45,200
National Lending | Factoring | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 16,220  
Total gross loans and leases 16,220 13,657
National Lending | Factoring | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 7,905  
Total gross loans and leases 7,905 5,071
National Lending | Factoring | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Factoring | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 277,612  
Total gross loans and leases 277,612 281,173
National Lending | Lease financing | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 77,907  
2020 133,720  
2019 44,897  
2018 16,476  
2017 7,843  
Prior 1,008  
Revolving Loans and Leases 0  
Total gross loans and leases 281,851 264,700
National Lending | Lease financing | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 4,750  
2020 12,832  
2019 325  
2018 478  
2017 341  
Prior 438  
Revolving Loans and Leases 0  
Total gross loans and leases 19,164 8,879
National Lending | Lease financing | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 125  
2020 1,753  
2019 183  
2018 223  
2017 44  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 2,328 2,808
National Lending | Lease financing | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 304  
2019 3,241  
2018 887  
2017 3  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 4,435 4,148
National Lending | Lease financing | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 118  
2019 273  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 391 549
National Lending | Lease financing | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 82,782  
2020 148,727  
2019 48,919  
2018 18,064  
2017 8,231  
Prior 1,446  
Revolving Loans and Leases 0  
Total gross loans and leases 308,169 281,084
National Lending | Insurance premium finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 292,948  
2020 50,092  
2019 23  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 343,063 336,364
National Lending | Insurance premium finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 35  
2020 301  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 336 284
National Lending | Insurance premium finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 1,236  
2020 107  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 1,343 222
National Lending | Insurance premium finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 33  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 33 701
National Lending | Insurance premium finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 66  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 66 369
National Lending | Insurance premium finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 294,219  
2020 50,599  
2019 23  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 344,841 337,940
National Lending | SBA/USDA | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 97,498  
2020 155,760  
2019 24,689  
2018 22,832  
2017 9,093  
Prior 7,384  
Revolving Loans and Leases 0  
Total gross loans and leases 317,256 308,549
National Lending | SBA/USDA | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 6,782  
2019 643  
2018 449  
2017 1,379  
Prior 952  
Revolving Loans and Leases 0  
Total gross loans and leases 10,205 8,328
National Lending | SBA/USDA | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 1,814  
2017 0  
Prior 69  
Revolving Loans and Leases 0  
Total gross loans and leases 1,883 74
National Lending | SBA/USDA | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 1,203  
2017 698  
Prior 672  
Revolving Loans and Leases 0  
Total gross loans and leases 2,573 1,436
National Lending | SBA/USDA | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | SBA/USDA | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 97,498  
2020 162,542  
2019 25,332  
2018 26,298  
2017 11,170  
Prior 9,077  
Revolving Loans and Leases 0  
Total gross loans and leases 331,917 318,387
National Lending | Other commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 20,603  
2019 9,259  
2018 6,305  
2017 3,801  
Prior 60,162  
Revolving Loans and Leases 0  
Total gross loans and leases 100,130 100,727
National Lending | Other commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 642  
2020 0  
2019 0  
2018 0  
2017 857  
Prior 1,327  
Revolving Loans and Leases 0  
Total gross loans and leases 2,826 931
National Lending | Other commercial finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Other commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 278  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Total gross loans and leases 278 0
National Lending | Other commercial finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Other commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 642  
2020 20,603  
2019 9,259  
2018 6,583  
2017 4,658  
Prior 61,489  
Revolving Loans and Leases 0  
Total gross loans and leases 103,234 101,658
National Lending | Commercial finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   2,054,699
National Lending | Commercial finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   155,771
National Lending | Commercial finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   53,839
National Lending | Commercial finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   37,922
National Lending | Commercial finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   5,753
National Lending | Commercial finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   2,307,984
National Lending | Warehouse finance | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 332,456  
Total gross loans and leases 332,456 293,375
National Lending | Warehouse finance | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Warehouse finance | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Warehouse finance | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Warehouse finance | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
National Lending | Warehouse finance | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 332,456  
Total gross loans and leases 332,456 293,375
Community Banking | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 13,109  
2019 105,793  
2018 81,382  
2017 33,377  
Prior 5,988  
Revolving Loans and Leases 0  
Total gross loans and leases 239,649 353,410
Community Banking | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 926  
2019 4,182  
2018 52,490  
2017 20,496  
Prior 6,013  
Revolving Loans and Leases 0  
Total gross loans and leases 84,107 98,336
Community Banking | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 684  
Revolving Loans and Leases 0  
Total gross loans and leases 684 9,588
Community Banking | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 3,578  
2019 810  
2018 18,160  
2017 41  
Prior 1,036  
Revolving Loans and Leases 0  
Total gross loans and leases 23,625 23,650
Community Banking | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   580
Community Banking | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 17,613  
2019 110,785  
2018 152,032  
2017 53,914  
Prior 13,721  
Revolving Loans and Leases 0  
Total gross loans and leases 348,065 485,564
Community Banking | Commercial real estate and operating | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 13,109  
2019 105,549  
2018 80,399  
2017 33,003  
Prior 533  
Revolving Loans and Leases 0  
Total gross loans and leases 232,593 336,236
Community Banking | Commercial real estate and operating | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 926  
2019 4,182  
2018 52,490  
2017 20,496  
Prior 6,013  
Revolving Loans and Leases 0  
Total gross loans and leases 84,107 98,295
Community Banking | Commercial real estate and operating | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 684  
Revolving Loans and Leases 0  
Total gross loans and leases 684 4,049
Community Banking | Commercial real estate and operating | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 300  
2019 700  
2018 16,897  
2017 0  
Prior 306  
Revolving Loans and Leases 0  
Total gross loans and leases 18,203 18,211
Community Banking | Commercial real estate and operating | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   580
Community Banking | Commercial real estate and operating | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 14,335  
2019 110,431  
2018 149,786  
2017 53,499  
Prior 7,536  
Revolving Loans and Leases 0  
Total gross loans and leases 335,587 457,371
Community Banking | Consumer one-to-four family real estate and other | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 159  
2018 875  
2017 374  
Prior 2,869  
Revolving Loans and Leases 0  
Total gross loans and leases 4,277 15,648
Community Banking | Consumer one-to-four family real estate and other | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   41
Community Banking | Consumer one-to-four family real estate and other | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   609
Community Banking | Consumer one-to-four family real estate and other | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 110  
2018 0  
2017 41  
Prior 139  
Revolving Loans and Leases 0  
Total gross loans and leases 290 188
Community Banking | Consumer one-to-four family real estate and other | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
Community Banking | Consumer one-to-four family real estate and other | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 269  
2018 875  
2017 415  
Prior 3,008  
Revolving Loans and Leases 0  
Total gross loans and leases 4,567 16,486
Community Banking | Agricultural real estate and operating | Pass    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 0  
2019 85  
2018 108  
2017 0  
Prior 2,586  
Revolving Loans and Leases 0  
Total gross loans and leases 2,779 1,526
Community Banking | Agricultural real estate and operating | Watch    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
Community Banking | Agricultural real estate and operating | Special Mention    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   4,930
Community Banking | Agricultural real estate and operating | Substandard    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 3,278  
2019 0  
2018 1,263  
2017 0  
Prior 591  
Revolving Loans and Leases 0  
Total gross loans and leases 5,132 5,251
Community Banking | Agricultural real estate and operating | Doubtful    
Financing Receivable, Credit Quality Indicator [Line Items]    
Total gross loans and leases   0
Community Banking | Agricultural real estate and operating | Total    
Financing Receivable, Credit Quality Indicator [Line Items]    
2021 0  
2020 3,278  
2019 85  
2018 1,371  
2017 0  
Prior 3,177  
Revolving Loans and Leases 0  
Total gross loans and leases $ 7,911 $ 11,707
v3.21.1
LOANS AND LEASES, NET - Past Due Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Financing Receivable, Past Due [Line Items]    
Loans and leases $ 3,657,531 $ 3,322,765
Accruing and Nonaccruing Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Total Past Due 63,719 52,300
Current 3,651,944 3,445,417
Loans and leases 3,715,663 3,497,717
Accruing and Nonaccruing Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Total Past Due 63,719 52,300
Current 3,584,309 3,261,840
Loans and leases 3,648,028 3,314,140
Accruing and Nonaccruing Loans and Leases | National Lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 61,889 48,832
Current 3,238,074 2,779,744
Loans and leases 3,299,963 2,828,576
Accruing and Nonaccruing Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Current 67,635 183,577
Loans and leases 67,635 183,577
Accruing and Nonaccruing Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 32,294 22,141
Current 859,120 783,182
Loans and leases 891,414 805,323
Accruing and Nonaccruing Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 13 17
Current 248,722 182,402
Loans and leases 248,735 182,419
Accruing and Nonaccruing Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Current 277,612 281,173
Loans and leases 277,612 281,173
Accruing and Nonaccruing Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Total Past Due 14,760 16,822
Current 293,409 264,262
Loans and leases 308,169 281,084
Accruing and Nonaccruing Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 4,144 4,339
Current 340,697 333,601
Loans and leases 344,841 337,940
Accruing and Nonaccruing Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Total Past Due 600 1,027
Current 331,317 317,360
Loans and leases 331,917 318,387
Accruing and Nonaccruing Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,082 0
Current 102,152 101,658
Loans and leases 103,234 101,658
Accruing and Nonaccruing Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 52,893 44,346
Current 2,453,029 2,263,638
Loans and leases 2,505,922 2,307,984
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Total Past Due 7,654 1,233
Current 97,188 88,576
Loans and leases 104,842 89,809
Accruing and Nonaccruing Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 835 1,509
Current 129,987 132,833
Loans and leases 130,822 134,342
Accruing and Nonaccruing Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 8,489 2,743
Current 227,175 221,408
Loans and leases 235,664 224,151
Accruing and Nonaccruing Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Total Past Due 507 1,743
Current 225,414 1,323
Loans and leases 225,921 3,066
Accruing and Nonaccruing Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Current 332,456 293,375
Loans and leases 332,456 293,375
Accruing and Nonaccruing Loans and Leases | Community Banking    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,830 3,468
Current 346,235 482,096
Loans and leases 348,065 485,564
Accruing and Nonaccruing Loans and Leases | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12 630
Current 335,575 456,741
Loans and leases 335,587 457,371
Accruing and Nonaccruing Loans and Leases | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Total Past Due 49 1,069
Current 4,518 15,417
Loans and leases 4,567 16,486
Accruing and Nonaccruing Loans and Leases | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,769 1,769
Current 6,142 9,938
Loans and leases 7,911 11,707
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total Past Due 37,227 15,220
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Total Past Due 37,227 15,220
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 37,215 14,315
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 22,074 11,900
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 13 17
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Total Past Due 10,216 194
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,290 1,227
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,082 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 34,675 13,338
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,737 377
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 296 600
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 2,033 977
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Total Past Due 507 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12 905
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12 0
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 905
Accruing and Nonaccruing Loans and Leases | 30-59 Days Past Due | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12,892 15,353
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12,892 15,353
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 12,892 15,239
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 7,628 3,851
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Total Past Due 662 9,746
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 440 748
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 8,730 14,345
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Total Past Due 3,898 358
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 264 536
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 4,162 894
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Community Banking    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 114
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 114
Accruing and Nonaccruing Loans and Leases | 60-89 Days Past Due | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days    
Financing Receivable, Past Due [Line Items]    
Total Past Due 13,600 21,727
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Total Past Due 13,600 21,727
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 11,782 19,278
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 2,592 6,390
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Total Past Due 3,882 6,882
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 2,414 2,364
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Total Past Due 600 1,027
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 9,488 16,663
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Total Past Due 2,019 499
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 275 373
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 2,294 872
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 1,743
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 0
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | Community Banking    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,818 2,449
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 0 630
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Total Past Due 49 50
Accruing and Nonaccruing Loans and Leases | Greater Than 90 Days | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Total Past Due 1,769 1,769
Nonperforming Loans and Leases    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 38,129 23,952
Loans and leases 43,456 34,018
Nonperforming Loans and Leases | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 38,129 23,952
Loans and leases 43,456 34,018
Nonperforming Loans and Leases | National Lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 18,305 21,553
Loans and leases 23,632 31,569
Nonperforming Loans and Leases | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 0 0
Nonperforming Loans and Leases | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 14,665 16,274
Loans and leases 15,018 16,540
Nonperforming Loans and Leases | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 382 0
Loans and leases 382 0
Nonperforming Loans and Leases | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 35 1,096
Loans and leases 35 1,096
Nonperforming Loans and Leases | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 2,623 3,583
Loans and leases 4,666 7,927
Nonperforming Loans and Leases | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 2,414 2,364
Nonperforming Loans and Leases | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 600 600
Loans and leases 600 1,027
Nonperforming Loans and Leases | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 0 0
Nonperforming Loans and Leases | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 18,305 21,553
Loans and leases 23,115 28,954
Nonperforming Loans and Leases | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 243 499
Nonperforming Loans and Leases | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 274 373
Nonperforming Loans and Leases | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 517 872
Nonperforming Loans and Leases | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 0 1,743
Nonperforming Loans and Leases | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Loans and leases 0 0
Nonperforming Loans and Leases | Community Banking    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 19,824 2,399
Loans and leases 19,824 2,449
Nonperforming Loans and Leases | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 17,896 580
Loans and leases 17,896 630
Nonperforming Loans and Leases | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 159 50
Loans and leases 159 50
Nonperforming Loans and Leases | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 1,769 1,769
Loans and leases 1,769 1,769
Nonperforming Loans and Leases | Greater Than 90 Days    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 5,327 10,066
Nonperforming Loans and Leases | Greater Than 90 Days | Total loans and leases held for investment    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 5,327 10,066
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 5,327 10,016
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Loans held for sale    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Term lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 353 266
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Asset based lending    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Factoring    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Lease financing    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 2,043 4,344
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Insurance premium finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 2,414 2,364
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | SBA/USDA    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 427
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Other commercial finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Commercial finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 4,810 7,401
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Consumer credit products    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 243 499
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Other consumer finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 274 373
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Consumer finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 517 872
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Tax services    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 1,743
Nonperforming Loans and Leases | Greater Than 90 Days | National Lending | Warehouse finance    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | Community Banking    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 50
Nonperforming Loans and Leases | Greater Than 90 Days | Community Banking | Commercial real estate and operating    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 50
Nonperforming Loans and Leases | Greater Than 90 Days | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance 0 0
Nonperforming Loans and Leases | Greater Than 90 Days | Community Banking | Agricultural real estate and operating    
Financing Receivable, Past Due [Line Items]    
Non-accrual balance $ 0 $ 0
v3.21.1
LOANS AND LEASES, NET - Nonaccrual (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Financing Receivable, Nonaccrual [Line Items]    
Loans and leases $ 3,657,531 $ 3,322,765
Nonaccrual Loans    
Financing Receivable, Nonaccrual [Line Items]    
2021 72  
2020 3,404  
2019 11,550  
2018 20,944  
2017 664  
Prior 1,078  
Revolving Loans and Leases 417  
Loans and leases 38,129  
Nonaccrual With No ACL 11,597  
Nonaccrual Loans | National Lending    
Financing Receivable, Nonaccrual [Line Items]    
2021 72  
2020 3,104  
2019 10,740  
2018 2,785  
2017 623  
Prior 564  
Revolving Loans and Leases 417  
Loans and leases 18,305  
Nonaccrual With No ACL 9,669  
Nonaccrual Loans | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2021 72  
2020 2,746  
2019 8,834  
2018 2,426  
2017 23  
Prior 564  
Revolving Loans and Leases 0  
Loans and leases 14,665  
Nonaccrual With No ACL 7,942  
Nonaccrual Loans | National Lending | Asset based lending    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 382  
Loans and leases 382  
Nonaccrual With No ACL 9  
Nonaccrual Loans | National Lending | Factoring    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 35  
Loans and leases 35  
Nonaccrual With No ACL 0  
Nonaccrual Loans | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 358  
2019 1,906  
2018 359  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 2,623  
Nonaccrual With No ACL 1,118  
Nonaccrual Loans | National Lending | SBA/USDA    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 600  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 600  
Nonaccrual With No ACL 600  
Nonaccrual Loans | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2021 72  
2020 3,104  
2019 10,740  
2018 2,785  
2017 623  
Prior 564  
Revolving Loans and Leases 417  
Loans and leases 18,305  
Nonaccrual With No ACL 9,669  
Nonaccrual Loans | Community Banking    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 300  
2019 810  
2018 18,159  
2017 41  
Prior 514  
Revolving Loans and Leases 0  
Loans and leases 19,824  
Nonaccrual With No ACL 1,928  
Nonaccrual Loans | Community Banking | Commercial real estate and operating    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 300  
2019 700  
2018 16,896  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 17,896  
Nonaccrual With No ACL 0  
Nonaccrual Loans | Community Banking | Consumer one-to-four family real estate and other    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 110  
2018 0  
2017 41  
Prior 8  
Revolving Loans and Leases 0  
Loans and leases 159  
Nonaccrual With No ACL 159  
Nonaccrual Loans | Community Banking | Agricultural real estate and operating    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 1,263  
2017 0  
Prior 506  
Revolving Loans and Leases 0  
Loans and leases 1,769  
Nonaccrual With No ACL 1,769  
90 or More Days Delinquent and Accruing    
Financing Receivable, Nonaccrual [Line Items]    
2021 2,560  
2020 1,424  
2019 139  
2018 521  
2017 145  
Prior 295  
Revolving Loans and Leases 0  
Loans and leases 5,084  
90 or More Days Delinquent and Accruing | National Lending    
Financing Receivable, Nonaccrual [Line Items]    
2021 2,560  
2020 1,424  
2019 139  
2018 521  
2017 145  
Prior 295  
Revolving Loans and Leases 0  
Loans and leases 5,084  
90 or More Days Delinquent and Accruing | National Lending | Term lending    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 220  
2017 112  
Prior 21  
Revolving Loans and Leases 0  
Loans and leases 353  
90 or More Days Delinquent and Accruing | National Lending | Lease financing    
Financing Receivable, Nonaccrual [Line Items]    
2021 1,247  
2020 323  
2019 139  
2018 301  
2017 33  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 2,043  
90 or More Days Delinquent and Accruing | National Lending | Insurance premium finance    
Financing Receivable, Nonaccrual [Line Items]    
2021 1,313  
2020 1,101  
2019 0  
2018 0  
2017 0  
Prior 0  
Revolving Loans and Leases 0  
Loans and leases 2,414  
90 or More Days Delinquent and Accruing | National Lending | Commercial finance    
Financing Receivable, Nonaccrual [Line Items]    
2021 2,560  
2020 1,424  
2019 139  
2018 521  
2017 145  
Prior 21  
Revolving Loans and Leases 0  
Loans and leases 4,810  
90 or More Days Delinquent and Accruing | National Lending | Other consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 274  
Revolving Loans and Leases 0  
Loans and leases 274  
90 or More Days Delinquent and Accruing | National Lending | Consumer finance    
Financing Receivable, Nonaccrual [Line Items]    
2021 0  
2020 0  
2019 0  
2018 0  
2017 0  
Prior 274  
Revolving Loans and Leases 0  
Loans and leases $ 274  
v3.21.1
LOANS AND LEASES, NET - Additional Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases to held for sale     $ 99,922 $ 277,016  
Originated loans held for sale     361,722    
Proceeds from sale of loans held-for-sale     476,000 432,000  
Gain (loss) on sale of loans and leases     4,600 6,200  
Loans and leases $ 3,657,531   3,657,531   $ 3,322,765
Carrying amount of direct financing and sales-type leases subject to residual value guarantees 8,100   8,100    
Provision for credit losses 30,290 $ 37,296 $ 36,379 40,703  
COVID-19 Pandemic          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Trial modifications, threshold of past due days prior to onset of pandemic effects     30 days    
Loans and leases still in deferment period 66,500   $ 66,500    
Consumer finance portfolio segment          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 235,700   235,700   224,200
Tax services loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Loans and leases 225,900   225,900   $ 3,100
National Lending          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs recorded investment 2,100 3,700 2,200 4,100  
TDRs subsequent default, recorded investment     100 2,900  
National Lending | Other Consumer Finance, SBA/USDA and Consumer Credit Product Loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     361,700    
National Lending | SBA/USDA and Consumer Credit Product Loans          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Originated loans held for sale     32,200 32,234  
Community Banking          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
TDRs recorded investment $ 0 $ 0 0 600  
TDRs subsequent default, recorded investment     $ 0 $ 3,200  
Minimum | COVID-19 Pandemic          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Trial modifications, payment deferral period     30 days    
Maximum | COVID-19 Pandemic          
Accounts, Notes, Loans and Financing Receivable [Line Items]          
Trial modifications, payment deferral period     6 months    
v3.21.1
LOANS AND LEASES, NET - Troubled Debt Restructured Loans (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
National Lending        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 2.1 $ 3.7 $ 2.2 $ 4.1
TDRs subsequent default, recorded investment     0.1 2.9
Community Banking        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
TDRs recorded investment $ 0.0 $ 0.0 0.0 0.6
TDRs subsequent default, recorded investment     $ 0.0 $ 3.2
v3.21.1
EARNINGS PER COMMON SHARE ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Basic income per common share:        
Net income attributable to Meta Financial Group, Inc. $ 59,066 $ 52,304 $ 87,103 $ 73,372
Dividends and undistributed earnings allocated to participating securities (1,113) (1,215) (1,683) (1,652)
Basic net earnings available to common stockholders 57,953 51,089 85,420 71,720
Undistributed earnings allocated to nonvested restricted stockholders 1,083 1,173 1,620 1,570
Reallocation of undistributed earnings to nonvested restricted stockholders (1,082) (1,172) (1,619) (1,569)
Diluted net earnings available to common stockholders $ 57,954 $ 51,090 $ 85,421 $ 71,721
Total weighted average common shares outstanding (in shares) 31,520,505 35,114,053 32,158,994 35,865,443
Effect of dilutive securities        
Outstanding options - based upon the two-class method (in shares)     0 21,634
Total effect of dilutive securities (in shares) 14,517 21,497 16,490 21,634
Weighted average dilutive common shares outstanding (in shares) 31,535,022 35,135,550 32,175,484 35,887,077
Net earnings per common share:        
Basic income per common share (in dollars per share) $ 1.84 $ 1.45 $ 2.66 $ 2.00
Diluted income per common share (in dollars per share) $ 1.84 $ 1.45 $ 2.65 $ 2.00
Weighted average shares of nonvested restricted stock, antidilutive (in shares) 605,459 834,746 633,553 826,262
Stock options        
Effect of dilutive securities        
Outstanding options - based upon the two-class method (in shares) 0 21,497    
Performance share units        
Effect of dilutive securities        
Outstanding options - based upon the two-class method (in shares) 14,517 0 16,490 0
v3.21.1
RENTAL EQUIPMENT, NET - Schedule of Rental Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Property, Plant and Equipment [Line Items]    
Total $ 274,644 $ 261,844
Accumulated depreciation (65,013) (57,601)
Unamortized initial direct costs 1,766 1,721
Net book value 211,397 205,964
Computers and IT networking equipment    
Property, Plant and Equipment [Line Items]    
Total 16,313 15,926
Motor vehicles and other    
Property, Plant and Equipment [Line Items]    
Total 56,012 52,913
Office furniture and equipment    
Property, Plant and Equipment [Line Items]    
Total 73,889 74,197
Solar panels and equipment    
Property, Plant and Equipment [Line Items]    
Total $ 128,430 $ 118,808
v3.21.1
RENTAL EQUIPMENT, NET - Schedule of Operating Leases, Future Minimum Payments (Details)
$ in Thousands
Mar. 31, 2021
USD ($)
Property, Plant and Equipment [Abstract]  
Remaining in 2021 $ 17,689
2022 30,532
2023 26,189
2024 18,948
2025 13,843
Thereafter 20,269
Total undiscounted future minimum lease payments receivable for operating leases $ 127,470
v3.21.1
FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS - Foreclosed and Repossessed Assets (Details) - Foreclosed Property - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Other Real Estate [Roll Forward]      
Balance, beginning of period $ 9,957 $ 29,494 $ 29,494
Additions 9 5,983  
Write-downs 466 104  
Sales 8,021 23,085  
(Gain) loss on sale (4) 5,039 5,000
Total reductions 8,483 28,228 28,100
Balance, ending of period $ 1,483 $ 7,249 $ 9,957
v3.21.1
FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS - Other Real Estate Owned (Details) - USD ($)
 6 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Real Estate [Line Items]      
TDR valuation allowance $ 1,000,000.0   $ 500,000
Community Bank      
Real Estate [Line Items]      
Loans in process of foreclosure, amount 0   0
Agriculture Real Estate Customer | Agricultural real estate and operating      
Real Estate [Line Items]      
Revenue recognized in deferred rental income     1,100,000
OREO expenses     200,000
Foreclosed Property      
Real Estate [Line Items]      
Other real estate owned sold 8,483,000 $ 28,228,000 28,100,000
Gain (loss) on sale $ 4,000 $ (5,039,000) $ (5,000,000.0)
v3.21.1
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]      
Total goodwill $ 309,505,000 $ 309,505,000 $ 309,505,000
Goodwill, accumulated impairment 0    
Asset impairment charges $ 0 $ 0  
v3.21.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Asses (Details) - USD ($)
 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance $ 41,692,000 $ 52,810,000    
Acquisitions during the period 5,000 33,000    
Amortization during the period (4,770,000) (6,077,000)    
Finite-Lived Intangible Assets, Period Increase (Decrease) (24,000)      
Ending Balance 36,903,000 46,766,000    
Gross carrying amount     $ 109,316,000 $ 109,928,000
Accumulated amortization     (61,947,000) (52,255,000)
Accumulated impairment     (10,466,000) (10,907,000)
Total anticipated intangible amortization 36,903,000 46,766,000 36,903,000 46,766,000
Asset impairment charges 0 0    
Trademarks [Member]        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance 10,901,000 11,959,000    
Acquisitions during the period 0 0    
Amortization during the period (544,000) (528,000)    
Finite-Lived Intangible Assets, Period Increase (Decrease) 0      
Ending Balance 10,357,000 11,431,000    
Gross carrying amount     14,624,000 14,624,000
Accumulated amortization     (4,267,000) (3,193,000)
Accumulated impairment     0 0
Total anticipated intangible amortization $ 10,357,000 $ 11,431,000 10,357,000 11,431,000
Trademarks [Member] | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 15 years 15 years    
Trademarks [Member] | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 5 years 5 years    
Noncompete Agreements [Member]        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance $ 422,000 $ 827,000    
Acquisitions during the period 0 0    
Amortization during the period (191,000) (212,000)    
Finite-Lived Intangible Assets, Period Increase (Decrease) 0      
Ending Balance 231,000 615,000    
Gross carrying amount     2,481,000 2,480,000
Accumulated amortization     (2,250,000) (1,865,000)
Accumulated impairment     0 0
Total anticipated intangible amortization $ 231,000 $ 615,000 231,000 615,000
Noncompete Agreements [Member] | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 5 years 5 years    
Noncompete Agreements [Member] | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 3 years 3 years    
Customer Relationships [Member]        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance $ 24,333,000 $ 33,207,000    
Acquisitions during the period 0 0    
Amortization during the period (3,716,000) (4,997,000)    
Finite-Lived Intangible Assets, Period Increase (Decrease) 0      
Ending Balance 20,617,000 28,210,000    
Gross carrying amount     82,088,000 82,088,000
Accumulated amortization     (51,223,000) (43,630,000)
Accumulated impairment     (10,248,000) (10,248,000)
Total anticipated intangible amortization $ 20,617,000 $ 28,210,000 20,617,000 28,210,000
Customer Relationships [Member] | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 30 years 30 years    
Customer Relationships [Member] | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 10 years 10 years    
Other Intangible Assets [Member]        
Finite-lived Intangible Assets [Roll Forward]        
Beginning Balance $ 6,036,000 $ 6,817,000    
Acquisitions during the period 5,000 33,000    
Amortization during the period (319,000) (340,000)    
Finite-Lived Intangible Assets, Period Increase (Decrease) (24,000)      
Ending Balance 5,698,000 6,510,000    
Gross carrying amount     10,123,000 10,736,000
Accumulated amortization     (4,207,000) (3,567,000)
Accumulated impairment     (218,000) (659,000)
Total anticipated intangible amortization $ 5,698,000 $ 6,510,000 $ 5,698,000 $ 6,510,000
Other Intangible Assets [Member] | Maximum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 20 years 20 years    
Other Intangible Assets [Member] | Minimum        
Finite-lived Intangible Assets [Roll Forward]        
Useful life (in years) 3 years 3 years    
v3.21.1
GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]        
Remaining in 2021 $ 3,775      
2022 6,419      
2023 5,101      
2024 4,383      
2025 3,827      
2026 3,253      
Thereafter 10,145      
Total anticipated intangible amortization $ 36,903 $ 41,692 $ 46,766 $ 52,810
v3.21.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Narrative (Details)
$ in Thousands
Mar. 31, 2021
USD ($)
Leases [Abstract]  
Operating lease, right-of-use asset $ 36,100
Operating lease, liability $ 38,102
v3.21.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Lease Maturity (Details)
$ in Thousands
Mar. 31, 2021
USD ($)
Leases [Abstract]  
Remaining in 2021 $ 2,219
2022 4,596
2023 3,999
2024 4,152
2025 4,027
Thereafter 24,926
Total undiscounted future minimum lease payments 43,919
Discount (5,817)
Total operating lease liabilities $ 38,102
v3.21.1
OPERATING LEASE RIGHT OF USE ASSETS AND LIABILITIES - Lease Cost (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Leases [Abstract]        
Weighted-average discount rate 2.31%   2.31%  
Weighted-average remaining lease term (in years) 11 years 2 months 23 days   11 years 2 months 23 days  
Lease expense $ 991 $ 869 $ 1,945 $ 1,613
Short-term and variable lease cost 69 156 132 334
ROU asset impairment 0 0 224 0
Sublease income (177) (175) (285) (364)
Total lease cost for operating leases $ 883 $ 850 $ 2,016 $ 1,583
v3.21.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Nov. 20, 2019
Equity, Class of Treasury Stock [Line Items]      
Stock repurchased during the period (in shares) 84,121 88,784  
Stock repurchased during the period, value $ 1.9 $ 2.9  
    Common Stock      
Equity, Class of Treasury Stock [Line Items]      
Shares authorized to be repurchased (in shares)     7,500,000
Stock repurchased under repurchase program (in shares) 2,683,579 3,497,565  
Remaining number of shares authorized to be repurchased (in shares) 1,550,173    
v3.21.1
STOCK COMPENSATION (Details)
$ / shares in Units, $ in Millions
 6 Months Ended
Mar. 31, 2021
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options exercisable (in shares) 0
Weighted Average Fair Value at Grant  
Stock based compensation expense not yet recognized in income | $ $ 8.9
Weighted average remaining period for unrecognized stock based compensation (in years) 2 years 1 month 6 days
Restricted Shares  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 790,083
Granted (in shares) 189,187
Vested (in shares) (274,096)
Forfeited or expired (in shares) (98,399)
Nonvested shares outstanding, end of period (in shares) 606,775
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 30.03
Granted (in dollars per share) | $ / shares 30.78
Vested (in dollars per share) | $ / shares 30.22
Forfeited or expired (in dollars per share) | $ / shares 29.66
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 30.24
Performance share units  
Number of Shares  
Nonvested shares outstanding, beginning of period (in shares) 0
Granted (in shares) 60,984
Vested (in shares) 0
Forfeited or expired (in shares) 0
Nonvested shares outstanding, end of period (in shares) 60,984
Weighted Average Fair Value at Grant  
Nonvested shares outstanding, beginning of period (in dollars per share) | $ / shares $ 0
Granted (in dollars per share) | $ / shares 34.03
Vested (in dollars per share) | $ / shares 0
Forfeited or expired (in dollars per share) | $ / shares 0
Nonvested shares outstanding, end of period (in dollars per share) | $ / shares $ 34.03
v3.21.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Tax Disclosure [Abstract]        
Income tax expense (benefit) $ 1,133 $ 5,617 $ 4,665 $ 6,297
Effective tax rate     4.97% 7.66%
v3.21.1
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Tax Disclosure [Abstract]        
Provision at statutory rate     $ 19,271 $ 16,730
Tax-exempt income     (486) (591)
State income taxes     4,135 3,682
Interim period effective rate adjustment     (3,116) (3,321)
Tax credit investments, net - federal     (15,464) (9,536)
Research tax credit     (323) (1,709)
IRC 162(m) nondeductible compensation     487 1,019
Other, net     161 23
Income tax expense (benefit) $ 1,133 $ 5,617 $ 4,665 $ 6,297
Effective tax rate     4.97% 7.66%
v3.21.1
COMMITMENTS AND CONTINGENCIES (Details)
Feb. 09, 2018
USD ($)
Mar. 31, 2021
USD ($)
commitment
Sep. 30, 2020
USD ($)
commitment
Oct. 14, 2016
USD ($)
Loss Contingencies [Line Items]        
Unfunded loan commitments   $ 1,280,000,000 $ 1,220,000,000  
Number of investment commitments | commitment   0 0  
Securities, buy (sell) obligations   $ 0 $ 0  
Card Limited, LLC v. MetaBank dba Meta Payment Systems        
Loss Contingencies [Line Items]        
Estimate of possible loss       $ 4,000,000.0
AFS/IBEX, A Division of MetaBank V. Aegis Managing Agency Limited        
Loss Contingencies [Line Items]        
Damages sought amount $ 1,600,000      
v3.21.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Refund transfer product fees    
Disaggregation of Revenue [Line Items]    
Accounts receivable, before allowance for credit loss, current $ 0 $ 0
v3.21.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Revenue by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Disaggregation of Revenue [Line Items]        
Net interest income $ 73,850 $ 67,737 $ 139,849 $ 132,388
Noninterest income 113,453 120,513 158,908 157,995
Revenue 187,303 188,250 298,757 290,383
Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 22,680 28,939 23,327 29,131
Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 44,562 29,536 46,522 31,812
Payment card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 29,875 23,156 52,439 44,655
Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 133 381 370 868
Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 9,846 11,100 19,731 23,451
Net gain realized on investment securities        
Disaggregation of Revenue [Line Items]        
Noninterest income 6 0 6 0
Gain on divestitures        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 19,275 0 19,275
Gain (loss) on sale of other        
Disaggregation of Revenue [Line Items]        
Noninterest income 2,133 2,325 4,981 (244)
Other income        
Disaggregation of Revenue [Line Items]        
Noninterest income 4,218 5,801 11,532 9,047
Consumer        
Disaggregation of Revenue [Line Items]        
Net interest income 25,085 16,162 47,432 32,719
Noninterest income 98,041 83,208 123,376 107,972
Revenue 123,126 99,370 170,808 140,691
Consumer | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 22,680 28,939 23,327 29,131
Consumer | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 44,562 29,536 46,522 31,812
Consumer | Payment card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 29,875 23,156 52,439 44,655
Consumer | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Consumer | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 5 5 10 9
Consumer | Net gain realized on investment securities        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Consumer | Gain on divestitures        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Consumer | Gain (loss) on sale of other        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 (259) 0 (19)
Consumer | Other income        
Disaggregation of Revenue [Line Items]        
Noninterest income 919 1,831 1,078 2,384
Commercial        
Disaggregation of Revenue [Line Items]        
Net interest income 42,404 37,026 84,252 76,762
Noninterest income 13,940 15,523 29,106 30,502
Revenue 56,344 52,549 113,358 107,264
Commercial | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Payment card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 126 268 360 546
Commercial | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 9,841 11,094 19,721 22,128
Commercial | Net gain realized on investment securities        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Gain on divestitures        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Commercial | Gain (loss) on sale of other        
Disaggregation of Revenue [Line Items]        
Noninterest income 1,624 2,579 4,216 4,917
Commercial | Other income        
Disaggregation of Revenue [Line Items]        
Noninterest income 2,349 1,582 4,809 2,911
Corporate Services/Other        
Disaggregation of Revenue [Line Items]        
Net interest income 6,361 14,549 8,165 22,907
Noninterest income 1,472 21,782 6,426 19,521
Revenue 7,833 36,331 14,591 42,428
Corporate Services/Other | Refund transfer product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Tax advance product fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Payment card and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 0 0 0
Corporate Services/Other | Other bank and deposit fees        
Disaggregation of Revenue [Line Items]        
Noninterest income 7 113 10 322
Corporate Services/Other | Rental income        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 1 0 1,314
Corporate Services/Other | Net gain realized on investment securities        
Disaggregation of Revenue [Line Items]        
Noninterest income 6 0 6 0
Corporate Services/Other | Gain on divestitures        
Disaggregation of Revenue [Line Items]        
Noninterest income 0 19,275 0 19,275
Corporate Services/Other | Gain (loss) on sale of other        
Disaggregation of Revenue [Line Items]        
Noninterest income 509 5 765 (5,142)
Corporate Services/Other | Other income        
Disaggregation of Revenue [Line Items]        
Noninterest income $ 950 $ 2,388 $ 5,645 $ 3,752
v3.21.1
SEGMENT REPORTING (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Mar. 31, 2021
USD ($)
segment
Mar. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
Segment Reporting Information [Line Items]          
Number of reportable segments | segment     3    
Segment data [Abstract]          
Net interest income $ 73,850 $ 67,737 $ 139,849 $ 132,388  
Provision for credit losses 30,290 37,296 36,379 40,703  
Noninterest income 113,453 120,513 158,908 157,995  
Noninterest expense 95,971 91,729 168,546 167,526  
Income before income tax expense 61,042 59,225 93,832 82,154  
Total assets 9,790,123 5,843,865 9,790,123 5,843,865 $ 6,092,074
Total goodwill 309,505 309,505 309,505 309,505 $ 309,505
Total deposits 8,642,413 3,962,404 8,642,413 3,962,404  
Consumer          
Segment data [Abstract]          
Net interest income 25,085 16,162 47,432 32,719  
Provision for credit losses 28,020 19,570 30,386 20,544  
Noninterest income 98,041 83,208 123,376 107,972  
Noninterest expense 30,189 30,450 48,351 47,190  
Income before income tax expense 64,917 49,350 92,071 72,957  
Total assets 531,305 387,871 531,305 387,871  
Total goodwill 87,145 87,145 87,145 87,145  
Total deposits 8,447,910 3,078,481 8,447,910 3,078,481  
Commercial          
Segment data [Abstract]          
Net interest income 42,404 37,026 84,252 76,762  
Provision for credit losses 2,203 11,994 8,670 15,695  
Noninterest income 13,940 15,523 29,106 30,502  
Noninterest expense 27,829 27,361 54,997 54,086  
Income before income tax expense 26,312 13,194 49,691 37,483  
Total assets 3,030,088 2,529,665 3,030,088 2,529,665  
Total goodwill 222,360 222,360 222,360 222,360  
Total deposits 12,177 9,214 12,177 9,214  
Corporate Services/Other          
Segment data [Abstract]          
Net interest income 6,361 14,549 8,165 22,907  
Provision for credit losses 67 5,732 (2,677) 4,464  
Noninterest income 1,472 21,782 6,426 19,521  
Noninterest expense 37,953 33,918 65,198 66,250  
Income before income tax expense (30,187) (3,319) (47,930) (28,286)  
Total assets 6,228,730 2,926,329 6,228,730 2,926,329  
Total goodwill 0 0 0 0  
Total deposits $ 182,326 $ 874,709 $ 182,326 $ 874,709  
v3.21.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on Recurring and Non-recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Available-for-sale debt securities [Abstract]    
Mortgage-backed securities $ 558,833 $ 453,607
Fair Value 1,480,780 1,268,102
Level 1    
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Available-for-sale debt securities [Abstract]    
Fair Value 0 0
Common equities and mutual funds 3,235 2,969
Level 2    
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 0 0
Available-for-sale debt securities [Abstract]    
Fair Value 1,480,780 1,268,102
Common equities and mutual funds 0 0
Level 3    
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value 3,655,832 3,307,037
Available-for-sale debt securities [Abstract]    
Fair Value 0 0
Common equities and mutual funds 0 0
Recurring    
Available-for-sale debt securities [Abstract]    
Small business administration securities 170,006 164,955
Obligations of states and political subdivisions 2,816 841
Non-bank qualified obligations of states and political subdivisions 295,722 323,774
Asset-baked securities 453,403 324,925
Mortgage-backed securities 558,833 453,607
Fair Value 1,480,780 1,268,102
Common equities and mutual funds 3,235 2,969
Non-marketable equity securities 4,265 2,784
Recurring | Level 1    
Available-for-sale debt securities [Abstract]    
Small business administration securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-baked securities 0 0
Mortgage-backed securities 0 0
Fair Value 0 0
Common equities and mutual funds 3,235 2,969
Non-marketable equity securities 0 0
Recurring | Level 2    
Available-for-sale debt securities [Abstract]    
Small business administration securities 170,006 164,955
Obligations of states and political subdivisions 2,816 841
Non-bank qualified obligations of states and political subdivisions 295,722 323,774
Asset-baked securities 453,403 324,925
Mortgage-backed securities 558,833 453,607
Fair Value 1,480,780 1,268,102
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Recurring | Level 3    
Available-for-sale debt securities [Abstract]    
Small business administration securities 0 0
Obligations of states and political subdivisions 0 0
Non-bank qualified obligations of states and political subdivisions 0 0
Asset-baked securities 0 0
Mortgage-backed securities 0 0
Fair Value 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities $ 0 $ 0
v3.21.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative Information (Details)
$ in Thousands
 6 Months Ended
Mar. 31, 2021
USD ($)
Sep. 30, 2020
USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net $ 1,483 $ 9,957
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 4.00%  
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 90.00%  
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 0.90  
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 3,655,832 3,307,037
Total impaired loans and leases, net | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 15,859 9,260
Total impaired loans and leases, net | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 4.00%  
Total impaired loans and leases, net | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 90.00%  
Foreclosed assets, net | Level 3 | Valuation, Market Approach    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 1,483 9,957
Foreclosed assets, net | Level 3 | Valuation, Market Approach | Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 4.00%  
Foreclosed assets, net | Level 3 | Valuation, Market Approach | Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Range of estimated selling cost (percentage) 30.00%  
Nonrecurring    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value $ 17,342 19,217
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 17,342 19,217
Nonrecurring | Commercial finance    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 6,830 9,240
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 6,830 9,240
Nonrecurring | National Lending    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 6,830 9,240
Nonrecurring | National Lending | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | National Lending | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | National Lending | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 6,830 9,240
Nonrecurring | Commercial real estate and operating    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 9,029 20
Nonrecurring | Commercial real estate and operating | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial real estate and operating | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Commercial real estate and operating | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 9,029 20
Nonrecurring | Community Banking    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 9,029 20
Nonrecurring | Community Banking | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Community Banking | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Community Banking | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 9,029 20
Nonrecurring | Total impaired loans and leases, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 15,859 9,260
Nonrecurring | Total impaired loans and leases, net | Level 1    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total impaired loans and leases, net | Level 2    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 0 0
Nonrecurring | Total impaired loans and leases, net | Level 3    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Fair value 15,859 9,260
Nonrecurring | Foreclosed assets, net    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Foreclosed assets, net 1,483 9,957
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 $ 1,483 $ 9,957
v3.21.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Financial assets    
Debt securities available for sale $ 1,480,780 $ 1,268,102
Fair Value 73,294 93,745
Level 1    
Financial assets    
Cash and cash equivalents 3,724,242 427,367
Debt securities available for sale 0 0
Fair Value 0 0
Common equities and mutual funds 3,235 2,969
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases receivable 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 0  
Federal Reserve Bank and Federal Home Loan Bank stocks   0
Accrued interest receivable 17,429 16,628
Financial liabilities    
Deposits 8,600,335 4,705,028
Overnight federal funds purchased   0
Federal Home Loan Bank advances   0
Other short- and long-term borrowings 0 0
Accrued interest payable 679 1,923
Level 2    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 1,480,780 1,268,102
Fair Value 73,294 93,745
Common equities and mutual funds 0 0
Non-marketable equity securities 13,750 12,000
Loans held for sale 67,635 183,577
Loans and leases receivable 0 0
Federal Reserve Bank and Federal Home Loan Bank stocks 28,433  
Federal Reserve Bank and Federal Home Loan Bank stocks   27,138
Accrued interest receivable 0 0
Financial liabilities    
Deposits 42,225 275,045
Overnight federal funds purchased   0
Federal Home Loan Bank advances   0
Other short- and long-term borrowings 97,259 100,185
Accrued interest payable 0 0
Level 3    
Financial assets    
Cash and cash equivalents 0 0
Debt securities available for sale 0 0
Fair Value 0 0
Common equities and mutual funds 0 0
Non-marketable equity securities 0 0
Loans held for sale 0 0
Loans and leases receivable 3,655,832 3,307,037
Federal Reserve Bank and Federal Home Loan Bank stocks 0  
Federal Reserve Bank and Federal Home Loan Bank stocks   0
Accrued interest receivable 0 0
Financial liabilities    
Deposits 0 0
Overnight federal funds purchased   0
Federal Home Loan Bank advances   0
Other short- and long-term borrowings 0 0
Accrued interest payable 0 0
Carrying Amount    
Financial assets    
Cash and cash equivalents 3,724,242 427,367
Debt securities available for sale 1,480,780 1,268,102
Fair Value 72,112 92,610
Common equities and mutual funds 3,235 2,969
Non-marketable equity securities 18,015 14,784
Loans held for sale 67,635 183,577
Loans and leases receivable 3,648,028 3,314,140
Federal Reserve Bank and Federal Home Loan Bank stocks 28,433  
Federal Reserve Bank and Federal Home Loan Bank stocks   27,138
Accrued interest receivable 17,429 16,628
Financial liabilities    
Deposits 8,642,413 4,979,200
Overnight federal funds purchased   0
Federal Home Loan Bank advances   0
Other short- and long-term borrowings 95,336 98,224
Accrued interest payable 679 1,923
Estimated Fair Value    
Financial assets    
Cash and cash equivalents 3,724,242 427,367
Debt securities available for sale 1,480,780 1,268,102
Fair Value 73,294 93,745
Common equities and mutual funds 3,235 2,969
Non-marketable equity securities 18,015 14,784
Loans held for sale 67,635 183,577
Loans and leases receivable 3,655,832 3,307,037
Federal Reserve Bank and Federal Home Loan Bank stocks 28,433  
Federal Reserve Bank and Federal Home Loan Bank stocks   27,138
Accrued interest receivable 17,429 16,628
Financial liabilities    
Deposits 8,642,560 4,980,073
Overnight federal funds purchased   0
Federal Home Loan Bank advances   0
Other short- and long-term borrowings 97,259 100,185
Accrued interest payable $ 679 $ 1,923