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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,812 $ 2,501
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for loan losses 955 2,210
Depreciation and amortization 1,132 761
Amortization of premiums and accretion of discounts on securities, net 360 269
Amortization and accretion of fair value adjustments on loans, net (730) (475)
Loans originated for sale (2,812,924) (1,111,120)
Proceeds on sales of loans 2,931,516 1,065,708
Net realized and unrealized gain on loans held for sale (39,282) (25,247)
Capitalization of loan servicing rights (28,555) (4,736)
Net change in value of loan servicing rights 4,639 1,754
Net realized and unrealized gain on other real estate owned (6) (13)
Net gain on sales of available for sale securities and time deposits   (7)
Increase in cash surrender value of life insurance (360) (356)
Net (gain) loss on equity securities (38) 27
Net (gain) loss on sale of premises and equipment (71) 9
Deferred income taxes 5,499 415
Stock compensation expense 141 139
Increase in accrued interest receivable (415) (116)
Increase (decrease) in accrued interest payable 183 (148)
Change in other assets and liabilities, net (10,242) 2,417
Net Cash Provided By (Used In) Operating Activities 72,614 (66,008)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in interest-bearing time deposits (252) (490)
Proceeds from sales and maturities of interest-bearing time deposits 735 245
Purchase of securities available for sale (17,766) (27,406)
Proceeds from sales of securities available for sale   3,180
Proceeds from maturities of securities available for sale 9,368 4,150
Proceeds from maturities of securities held to maturity 135 139
Principal collected on securities 2,073 3,753
Net increase in loans (40,041) (68,638)
Proceeds from redemption of Federal Reserve Bank stock 53  
Purchase of Federal Home Loan Bank stock (2,018) (3,578)
Investment in cash surrender value of life insurance (42) (4,481)
Proceeds from sale of other real estate owned 61 68
Purchase of premises and equipment (2,507) (5,345)
Proceeds from sales of premises and equipment 404 118
Acquisition of minority interests in Q2 (3,172)  
Net Cash Used In Investing Activities (52,969) (98,285)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 47,420 102,922
Net decrease in federal funds purchased 0 (4,000)
Decrease in Federal Home Loan Bank line of credit (11,620) (12,544)
Proceeds from Federal Home Loan Bank advances 340,000 240,000
Repayment of Federal Home Loan Bank advances (350,000) (180,000)
Net decrease in Federal Reserve PPPLF borrowings (46,340)  
Net increase (decrease) in advance payments by borrowers for taxes and insurance (1,127) 79
Proceeds from exercise of stock options 4 148
Taxes paid on stock award shares for employees (41) (53)
Dividends paid on common stock (830) (781)
Distributions to noncontrolling interests   (307)
Net Cash Provided By (Used In) Financing Activities (22,534) 145,464
Net Decrease in Cash and Cash Equivalents (2,889) (18,829)
Cash and cash equivalents at beginning of period 33,726 41,432
Cash and Cash Equivalents at End of Period $ 30,837 $ 22,603