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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME:        
Loans receivable $ 56,886 $ 54,779 $ 168,086 $ 172,758
Mortgage-backed securities ("MBS") 5,048 5,360 14,494 16,499
FHLB stock 2,695 944 6,166 2,964
Cash and cash equivalents 3,968 26 4,931 117
Investment securities 815 763 2,423 2,075
Total interest and dividend income 69,412 61,872 196,100 194,413
INTEREST EXPENSE:        
Borrowings 11,644 7,826 27,961 26,885
Deposits 7,787 11,475 25,443 38,071
Total interest expense 19,431 19,301 53,404 64,956
NET INTEREST INCOME 49,981 42,571 142,696 129,457
Provision for credit losses 937 (2,691) (5,690) (7,187)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 49,044 45,262 148,386 136,644
NON-INTEREST INCOME:        
Gain on sale of Visa Class B shares 0 0 0 7,386
Other non-interest income 1,726 1,286 4,664 4,160
Total non-interest income 6,115 5,236 17,037 22,783
NON-INTEREST EXPENSE:        
Salaries and employee benefits 14,581 13,867 42,332 41,402
Information technology and related expense 4,343 4,736 13,268 13,568
Occupancy, net 3,721 3,504 10,593 10,406
Regulatory and outside services 1,572 1,469 4,212 4,288
Advertising and promotional 1,068 1,407 3,626 3,729
Federal insurance premium 784 633 2,200 1,888
Deposit and loan transaction costs 664 693 2,050 2,123
Office supplies and related expense 494 402 1,464 1,289
Loss on interest rate swap termination 0 0 0 4,752
Other non-interest expense 1,163 891 3,299 3,877
Total non-interest expense 28,390 27,602 83,044 87,322
INCOME BEFORE INCOME TAX EXPENSE 26,769 22,896 82,379 72,105
INCOME TAX EXPENSE 5,617 4,709 17,418 14,576
NET INCOME $ 21,152 $ 18,187 $ 64,961 $ 57,529
Basic earnings per share ("EPS") $ 0.16 $ 0.13 $ 0.48 $ 0.42
Diluted EPS $ 0.16 $ 0.13 $ 0.48 $ 0.42
Basic weighted average common shares 135,724,658 135,504,869 135,675,959 135,450,951
Diluted weighted average common shares 135,724,658 135,537,152 135,675,959 135,477,566
Deposit service fees [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 3,601 $ 3,227 $ 10,331 $ 8,988
Insurance commissions [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 788 $ 723 $ 2,042 $ 2,249