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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:      
Net income before noncontrolling interest $ 52,293 $ 44,917 $ 33,220
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 37,722 45,048 35,617
Stock compensation 11,123 10,393 486
Provision (recovery):      
Loan and lease losses 29,432 10,589 4,605
Deferred taxes 6,530 (6,286) (230)
Loans held for sale:      
Originations (1,691) (685,934) 0
Proceeds from sales 17,621 685,934 0
Net change 952 0 0
Fair value adjustment of foreclosed real estate 29 18 0
Net realized (gain) loss:      
Other assets 127 406 104
Foreclosed real estate or other assets 19 6 0
Available for sale securities, net 8,177 537 326
Held to maturity securities, net 0 (44) 0
Loans held for sale (181) 0 0
Lease receivables and equipment (526) 0 0
Net change:      
Other assets 2,633 (23,408) (1,968)
Accrued interest payable 1,933 1,405 603
Accrued expenses and other liabilities (28,610) 30,806 11,237
Accrued interest receivable 2,745 (2,181) (3,847)
Change in bank-owned life insurance value (2,591) (2,216) (1,656)
Impairment of intangibles 18 10,248 0
Excess contingent consideration paid 0 (248) 0
Net cash provided by operating activities 137,755 119,990 78,497
Available for Sale securities:      
Purchases (626,575) (848,613) (603,995)
Proceeds from sales 596,758 457,306 285,508
Proceeds from maturities and principal repayments 162,118 126,420 116,333
Held to Maturity:      
Purchases 0 (932) (298,869)
Proceeds from sales 0 5,870 0
Proceeds from maturities and principal repayments 40,525 45,615 20,465
Bank Owned Life Insurance:      
Purchases 0 (25,000) (10,000)
Loans and leases:      
Purchases (165,670) (141,403) 0
Proceeds from sales 22,611 4,720 89
Net change (493,381) (274,840) (217,985)
Proceeds from sales of foreclosed real estate or other assets 244 200 0
Federal Home Loan Bank stock:      
Purchases (961,124) (715,891) (860,902)
Redemption 998,880 702,280 837,800
Rental Equipment:      
Purchases (1,848) 0 0
Proceeds from sales 2,362 0 0
Premises and equipment:      
Purchases (8,542) (6,798) (6,979)
Proceeds from sales 0 58 55
Rental equipment operating lease originations (15,000) 0 0
Cash paid for acquisitions (6) (29,425) 0
Cash received upon acquisitions 58,858 0 0
Net cash used in investing activities (389,790) (700,433) (738,480)
Cash flows from financing activities:      
Checking, savings, and money market deposits 7 319,524 737,727
Time deposits (143,096) (2,355) 34,821
Wholesale deposits 229,982 476,173 0
FHLB and other borrowings (415,000) 308,000 100,000
Federal funds (565,000) (5,000) 452,000
Securities sold under agreements to repurchase 1,222 (565) (969)
Short-term borrowings (11,642) 0 0
Distributions to non-controlling interest (266) 0 0
Principal payments: Other liabilities (4,888) 0 0
Principal payments: Capital lease obligations (62) (80) (126)
Cash dividends paid (5,736) (4,839) (4,389)
Purchase of shares by ESOP 1,606 1,174 0
Issuance of restricted stock 4 12 0
Proceeds from exercise of stock options & issuance of common stock 148 650 13,858
Shares repurchased for tax withholdings on stock compensation (2,598) (470) 0
Contingent consideration - cash paid 0 (17,253) 0
Proceeds from long term debt 0 0 75,000
Redemption of long term debt (258) 0 0
Payment of debt issuance costs 0 0 (1,767)
Payment of debt extinguishment costs 0 (772) 0
Net cash (used in) provided by financing activities (915,577) 1,074,199 1,406,155
Effect of exchange rate changes on cash 3 0 0
Net change in cash and cash equivalents (1,167,609) 493,756 746,172
Cash and cash equivalents at beginning of year 1,267,586 773,830 27,658
Cash and cash equivalents at end of year 99,977 1,267,586 773,830
Supplemental disclosure of cash flow information      
Interest 33,499 16,278 3,488
Income taxes 8,946 20,058 5,898
Franchise taxes 160 187 98
Other taxes 206 290 79
Transfers      
Loans and leases to foreclosed real estate or other assets 30,451 440 76
Loans and leases to rental equipment 9 0 0
Rental equipment to loans and leases 993 0 0
Loans and leases to held for sale 15,068 0 0
Contingent consideration - equity 0 24,142 0
Stock issued for acquisitions 295,767 37,296 0
Purchase/Sales of investment securities accrued, not settled Available for sale purchases 1,430 0 0
Securities transferred from held-to-maturity to available-for-sale $ 346,771 $ 0 $ 0