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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
INTEREST AND DIVIDEND INCOME:      
Loans receivable $ 308,707 $ 280,087 $ 228,531
Mortgage-backed securities ("MBS") 33,650 18,520 19,406
Cash and cash equivalents 15,728 43,796 18,304
FHLB stock 10,009 13,821 10,031
Investment securities 8,749 3,565 3,268
Total interest and dividend income 376,843 359,789 279,540
INTEREST EXPENSE:      
Deposits 139,549 82,267 34,456
Borrowings 75,233 124,250 52,490
Total interest expense 214,782 206,517 86,946
NET INTEREST INCOME 162,061 153,272 192,594
PROVISION FOR CREDIT LOSSES 1,259 6,838 (4,630)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 160,802 146,434 197,224
NON-INTEREST INCOME:      
Revenue from contracts with customers 15,300 17,600 18,100
Net loss from securities transactions (13,345) (192,622) 0
Other non-interest income 4,770 4,935 6,085
Total non-interest income 5,244 (171,455) 22,830
NON-INTEREST EXPENSE:      
Salaries and employee benefits 52,272 51,491 56,600
Information technology and related expense 20,324 23,425 18,311
Occupancy, net 13,558 14,236 14,370
Federal insurance premium 6,052 4,456 3,020
Regulatory and outside services 5,743 6,039 6,192
Advertising and promotional 4,264 4,305 5,178
Deposit and loan transaction costs 2,719 2,694 2,797
Office supplies and related expense 1,691 2,499 1,951
Other non-interest expense 5,320 4,789 4,432
Total non-interest expense 111,943 113,934 112,851
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 54,103 (138,955) 107,203
INCOME TAX EXPENSE (BENEFIT) 16,093 (37,296) 22,750
NET INCOME (LOSS) $ 38,010 $ (101,659) $ 84,453
Basic earnings (loss) per share ("EPS") $ 0.29 $ (0.76) $ 0.62
Diluted EPS $ 0.29 $ (0.76) $ 0.62
Deposit service fees [Member]      
NON-INTEREST INCOME:      
Revenue from contracts with customers $ 10,562 $ 12,745 $ 13,798
Insurance commissions [Member]      
NON-INTEREST INCOME:      
Revenue from contracts with customers $ 3,257 $ 3,487 $ 2,947