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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
INTEREST AND DIVIDEND INCOME:        
Loans receivable $ 69,613 $ 71,657 $ 139,527 $ 142,429
Mortgage-backed securities (MBS) 5,866 6,301 11,968 12,824
FHLB stock 1,714 1,831 3,540 3,802
Investment securities 1,382 1,505 2,889 2,946
Cash and cash equivalents 380 743 1,067 2,457
Total interest and dividend income 78,955 82,037 158,991 164,458
INTEREST EXPENSE:        
Deposits 17,804 16,096 35,766 31,821
Borrowings 12,483 13,344 25,860 27,739
Total interest expense 30,287 29,440 61,626 59,560
NET INTEREST INCOME 48,668 52,597 97,365 104,898
PROVISION FOR CREDIT LOSSES 22,075 0 22,300 0
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 26,593 52,597 75,065 104,898
NON-INTEREST INCOME:        
Revenue from contracts with customers     7,500 8,100
Other non-interest income 1,488 1,369 3,239 2,815
Total non-interest income 4,671 5,001 10,175 10,425
NON-INTEREST EXPENSE:        
Salaries and employee benefits 13,235 12,789 26,706 25,751
Information technology and related expense 4,268 4,284 8,409 8,883
Occupancy, net 3,449 3,292 6,656 6,544
Advertising and promotional 1,359 1,390 2,769 2,150
Regulatory and outside services 1,297 1,056 2,640 2,822
Deposit and loan transaction costs 678 465 1,389 1,201
Office supplies and related expense 592 736 1,111 1,195
Federal insurance premium 0 659 0 1,187
Other non-interest expense 1,286 1,470 2,984 3,190
Total non-interest expense 26,164 26,141 52,664 52,923
INCOME BEFORE INCOME TAX EXPENSE 5,100 31,457 32,576 62,400
INCOME TAX EXPENSE 824 6,903 5,789 13,463
NET INCOME $ 4,276 $ 24,554 $ 26,787 $ 48,937
Basic earnings per share (EPS) $ 0.03 $ 0.18 $ 0.19 $ 0.36
Diluted EPS $ 0.03 $ 0.18 $ 0.19 $ 0.36
Basic weighted average common shares 137,968,327 137,634,820 137,932,976 137,592,409
Diluted weighted average common shares 138,000,334 137,690,717 137,988,649 137,641,126
Deposit service fees [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 2,783 $ 3,091 $ 5,845 $ 6,443
Insurance commissions [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 400 $ 541 $ 1,091 $ 1,167