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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income:      
Loans and leases, including fees $ 98,475 $ 52,117 $ 36,187
Mortgage-backed securities 15,479 16,571 15,771
Other investments 44,580 39,415 29,438
Total interest and dividend income 158,534 108,103 81,396
Interest expense:      
Deposits 15,163 6,051 614
FHLB advances and other borrowings 12,822 8,822 3,477
Total interest expense 27,985 14,873 4,091
Net interest income 130,549 93,230 77,305
Provision for loan and lease losses 29,432 10,589 4,605
Net interest income after provision for loan and lease losses 101,117 82,641 72,700
Non-interest income:      
Loss on sale of securities, net (Includes ($8,177), ($493), and ($326) reclassified from accumulated other comprehensive income (loss) for net losses on available for sale securities for the fiscal years ended September 30, 2018, 2017 and 2016, respectively) (8,177) (493) (326)
Gain on sale of loans and leases 355 0 0
Loss on foreclosed real estate (19) (6) 0
Other income 1,494 261 8
Total non-interest income 184,525 172,172 100,770
Non-interest expense:      
Compensation and benefits 109,044 88,728 61,675
Refund transfer product expense 11,750 11,885 8,648
Tax advance product expense 1,817 3,241 0
Card processing expense 26,283 24,130 22,263
Occupancy and equipment expense 19,740 16,465 13,999
Operating lease equipment depreciation expense 5,386 0 0
Legal and consulting expense 15,064 8,384 4,824
Marketing 1,226 1,449 1,334
Data processing expense 2,674 2,117 1,972
Amortization expense 9,641 12,362 4,828
Intangible impairment 18 10,248 0
Other expense 25,589 20,654 15,105
Total non-interest expense 228,232 199,663 134,648
Income before income tax expense 57,410 55,150 38,822
Income tax expense (Includes ($2,330), ($185), and ($118) income tax benefit reclassified from accumulated other comprehensive income (loss) for the fiscal years ended September 30, 2018, 2017 and 2016, respectively) (5,117) (10,233) (5,602)
Net income before non-controlling interest 52,293 44,917 33,220
Net income attributable to non-controlling interest 673 0 0
Net Income attributable to parent $ 51,620 $ 44,917 $ 33,220
Earnings per common share:      
Basic (in dollars per share) [1] $ 1.68 $ 1.62 $ 1.31
Diluted (in dollars per share) [1] $ 1.67 $ 1.61 $ 1.30
Refund transfer product fees      
Non-interest income:      
Non-interest income: $ 41,879 $ 38,956 $ 23,347
Tax advance product fees      
Non-interest income:      
Non-interest income: 35,703 31,913 1,575
Card fees      
Non-interest income:      
Non-interest income: 94,446 94,707 70,533
Rental income      
Non-interest income:      
Non-interest income: 7,333 0 0
Loan and lease fees      
Non-interest income:      
Non-interest income: 4,470 3,882 3,374
Bank-owned life insurance income      
Non-interest income:      
Non-interest income: 2,590 2,216 1,656
Deposit fees      
Non-interest income:      
Non-interest income: $ 4,451 $ 736 $ 603
[1] All share and per share data for all periods presented has been adjusted to reflect the 3-for-1 forward stock split of the Company's common stock effected by the Company on October 4, 2018.