Parent Company Financial Information (Parent Company Only) (Tables)

12 Months Ended

Sep. 30, 2020

Condensed Financial Information Disclosure [Abstract]

Schedule Of Balance Sheets

The Company's (parent company only) balance sheets at the dates presented, and the related statements of income and cash flows for each of the years presented are as follows:

BALANCE SHEETS
SEPTEMBER 30, 2020 and 2019
(Dollars in thousands, except per share amounts)
	2020		2019
ASSETS:
Cash and cash equivalents	$	82,466	$	126,320
Investment in the Bank	1,165,813		1,168,986
Note receivable - ESOP	38,614		39,971
Other assets	707		711
Income taxes receivable, net	492		429
TOTAL ASSETS	$	1,288,092	$	1,336,417
LIABILITIES:
Accounts payable and accrued expenses	3,142		91
Deferred income tax liabilities, net	91		—
Total liabilities	3,233		91
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value; 100,000,000 shares authorized, no shares issued or outstanding	—		—
Common stock, $.01 par value; 1,400,000,000 shares authorized, 138,956,296 and 141,440,030 shares issued and outstanding as of September 30, 2020 and 2019, respectively	1,389		1,414
Additional paid-in capital	1,189,853		1,210,226
Unearned compensation - ESOP	(33,040)		(34,692)
Retained earnings	143,162		174,277
AOCI, net of tax	(16,505)		(14,899)
Total stockholders' equity	1,284,859		1,336,326
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,288,092	$	1,336,417

Schedule Of Statements Of Income

STATEMENTS OF INCOME
YEARS ENDED SEPTEMBER 30, 2020, 2019, and 2018
(Dollars in thousands)
	2020		2019		2018
INTEREST AND DIVIDEND INCOME:
Dividend income from the Bank	$	68,329	$	129,409	$	134,540
Interest income from other investments	2,036		2,428		1,951
Total interest and dividend income	70,365		131,837		136,491
INTEREST EXPENSE	—		403		62
NET INTEREST INCOME	70,365		131,434		136,429
NON-INTEREST INCOME	—		14		—
NON-INTEREST EXPENSE:
Salaries and employee benefits	988		829		1,031
Regulatory and outside services	292		286		1,129
Other non-interest expense	622		652		581
Total non-interest expense	1,902		1,767		2,741
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY IN
EXCESS OF DISTRIBUTION OVER EARNINGS OF SUBSIDIARY	68,463		129,681		133,688
INCOME TAX EXPENSE (BENEFIT)	28		57		(179)
INCOME BEFORE EQUITY IN EXCESS OF
DISTRIBUTION OVER EARNINGS OF SUBSIDIARY	68,435		129,624		133,867
EQUITY IN EXCESS OF DISTRIBUTION OVER EARNINGS OF SUBSIDIARY	(3,895)		(35,381)		(34,940)
NET INCOME	$	64,540	$	94,243	$	98,927

Schedule Of Statements Of Cash Flows

STATEMENTS OF CASH FLOWS
YEARS ENDED SEPTEMBER 30, 2020, 2019, and 2018
(Dollars in thousands)
	2020		2019		2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	64,540	$	94,243	$	98,927
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in excess of distribution over earnings of subsidiary	3,895		35,381		34,940
Depreciation of equipment	45		37		30
Loss on disposal of premises and equipment	—		8		—
Provision for deferred income taxes	91		—		(35)
Changes in:
Other assets	(60)		54		(53)
Income taxes receivable/payable	(63)		57		(145)
Accounts payable and accrued expenses	13		(86)		(257)
Net cash provided by operating activities	68,461		129,694		133,407
CASH FLOWS FROM INVESTING ACTIVITIES:
Principal collected on note receivable from ESOP	1,357		1,314		1,272
Cash acquired from acquisition	—		—		18
Purchase of equipment	—		(423)		—
Proceeds from the redemption of common equity securities related to the redemption of junior subordinated debentures	—		302		—
Net cash provided by investing activities	1,357		1,193		1,290
CASH FLOWS FROM FINANCING ACTIVITIES:
Net payment from subsidiary related to restricted stock awards	319		1,245		253
Cash dividends paid	(93,862)		(134,929)		(118,312)
Repurchase of common stock	(20,767)		—		—
Repayment of other borrowings	—		(10,052)		—
Stock options exercised	638		1,485		261
Net cash used in financing activities	(113,672)		(142,251)		(117,798)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(43,854)		(11,364)		16,899
CASH AND CASH EQUIVALENTS:
Beginning of year	126,320		137,684		120,785
End of year	$	82,466	$	126,320	$	137,684
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for acquisition	$	—	$	—	$	39,113
Capital contribution to subsidiary in conjunction with acquisition of CCB	$	—	$	—	$	48,798