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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME        
Loans, including fees $ 15,047 $ 11,719 $ 29,285 $ 23,426
Securities:        
Taxable 432 504 903 1,089
Tax-exempt 1,176 1,027 2,367 2,037
Dividend income 167 151 275 305
Interest-bearing deposits with banks 18 153 36 358
Total interest income 16,840 13,554 32,866 27,215
INTEREST EXPENSE        
Deposits 771 1,625 1,707 3,374
Federal funds purchased and repurchase agreement   1   1
Federal Home Loan Bank borrowings 833 838 1,694 1,646
Federal Reserve PPPLF borrowings 137   290  
Other borrowings 319 319 656 637
Total interest expense 2,060 2,783 4,347 5,658
Net interest income 14,780 10,771 28,519 21,557
Provision for loan losses 287 1,705 955 2,210
Net interest income after provision for loan losses 14,493 9,066 27,564 19,347
NONINTEREST INCOME        
Service charges on deposit accounts 328 441 724 950
ATM and interchange fees 513 524 1,145 1,027
Net gain on sales of available for sale securities and time deposits   7   7
Net unrealized gain (loss) on equity securities 27 (29) 38 (27)
Net gain on sales of loans, Small Business Administration 3,239 1,229 4,506 1,990
Mortgage banking income 32,398 8,411 74,698 24,334
Increase in cash surrender value of life insurance 174 194 360 356
Commission income 365 83 499 110
Real estate lease income 149 152 296 303
Net gain (loss) on premises and equipment 71 (5) 71 (9)
Other income 1,709 126 2,819 324
Total noninterest income 38,973 11,133 85,156 29,365
NONINTEREST EXPENSE        
Compensation and benefits 29,481 14,907 63,343 32,727
Occupancy and equipment 2,514 1,989 5,099 3,911
Data processing 549 546 1,338 1,048
Advertising 2,052 1,777 4,363 3,243
Professional fees 1,595 522 2,869 1,149
FDIC insurance premiums 94 99 234 103
Net (gain) loss on other real estate owned 1 (7) 4 (2)
Other operating expenses 2,998 2,242 6,436 4,168
Total noninterest expense 39,284 22,075 83,686 46,347
Income (Loss) before income taxes 14,182 (1,876) 29,034 2,365
Income tax expense 3,695 (774) 8,222 (136)
Net Income (Loss) 10,487 (1,102) 20,812 2,501
Less: net income (loss) attributable to noncontrolling interests   (475) 402 (311)
Net Income (Loss) Attributable to First Savings Financial Group, Inc. $ 10,487 $ (627) $ 20,410 $ 2,812
Net income (loss) per share:        
Basic $ 4.43 $ (0.27) $ 8.62 $ 1.20
Diluted $ 4.39 $ (0.26) $ 8.55 $ 1.18
Weighted average shares outstanding:        
Basic 2,369,642 2,355,750 2,368,338 2,348,145
Diluted 2,388,063 2,379,901 2,386,375 2,381,356
Dividends per share $ 0.18 $ 0.17 $ 0.35 $ 0.33