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Leases
 12 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases LEASES
The Company leases real estate property for branches, ATMs, and certain equipment. These leases have remaining terms that range from one year to 47 years, some of which include the exercising of renewal options that the Company considers to be reasonably certain. As September 30, 2020, a right-of-use asset of $14.7 million was included in other assets and a lease liability of $14.7 million was included in accounts payable and accrued expenses on the consolidated balance sheets.

As of September 30, 2020, for the Company's operating leases, the weighted average remaining lease term was 23.5 years and the weighted average discount rate was 2.59%.

The following table presents lease expenses and supplemental cash flow information related to the Company's leases for fiscal year 2020 (dollars in thousands).
Operating lease expense$1,511 
Variable lease expense201 
Short-term lease expense17 
Cash paid for amounts included in the measurement of lease liabilities1,357 

The following table presents future minimum payments, rounded to the nearest thousand, for operating leases with initial or remaining terms in excess of one year as of September 30, 2020 (dollars in thousands):
Fiscal year 20211,192 
Fiscal year 20221,302 
Fiscal year 20231,210 
Fiscal year 20241,003 
Fiscal year 2025827 
Thereafter15,308 
Total future minimum lease payments20,842 
Amounts representing interest(6,129)
Present value of net future minimum lease payments$14,713 

The Company elected the modified retrospective approach for its adoption of ASU 2016-02, and the optional transition method under which the Company used the effective date as the date of initial application of the amendments. These elections require the inclusion of ASC Topic 840 disclosures for periods that continue to be presented in accordance with ASC Topic 840. As of September 30, 2019, future minimum rental commitments, rounded to the nearest thousand, required under operating leases that had initial or remaining non-cancelable lease terms in excess of one year were as follows (dollars in thousands):
2020$1,298 
20211,187 
20221,069 
2023930 
2024637 
Thereafter1,115 
$6,236