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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST AND DIVIDEND INCOME:        
Loans receivable $ 71,918 $ 56,886 $ 206,056 $ 168,086
Cash and cash equivalents 10,009 3,968 37,657 4,931
Mortgage-backed securities ("MBS") 4,562 5,048 14,121 14,494
FHLB stock 3,260 2,695 11,025 6,166
Investment securities 895 815 2,671 2,423
Total interest and dividend income 90,644 69,412 271,530 196,100
INTEREST EXPENSE:        
Borrowings 31,449 11,644 96,504 27,961
Deposits 24,445 7,787 52,489 25,443
Total interest expense 55,894 19,431 148,993 53,404
NET INTEREST INCOME 34,750 49,981 122,537 142,696
Provision for credit losses 1,324 937 5,875 (5,690)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 33,426 49,044 116,662 148,386
NON-INTEREST INCOME:        
Other non-interest income 1,522 1,726 3,702 4,664
Total non-interest income 5,814 6,115 16,249 17,037
NON-INTEREST EXPENSE:        
Salaries and employee benefits 13,200 14,581 39,687 42,332
Information technology and related expense 6,118 4,343 16,977 13,268
Occupancy, net 3,556 3,721 10,598 10,593
Regulatory and outside services 1,436 1,572 4,274 4,212
Advertising and promotional 1,447 1,068 3,613 3,626
Federal insurance premium 1,231 784 3,289 2,200
Deposit and loan transaction costs 615 664 1,916 2,050
Office supplies and related expense 546 494 1,810 1,464
Other non-interest expense 1,187 1,163 3,576 3,299
Total non-interest expense 29,336 28,390 85,740 83,044
INCOME BEFORE INCOME TAX EXPENSE 9,904 26,769 47,171 82,379
INCOME TAX EXPENSE 1,602 5,617 8,440 17,418
NET INCOME $ 8,302 $ 21,152 $ 38,731 $ 64,961
Basic earnings per share ("EPS") $ 0.06 $ 0.16 $ 0.29 $ 0.48
Diluted EPS $ 0.06 $ 0.16 $ 0.29 $ 0.48
Basic weighted average common shares 133,198,755 135,724,658 133,668,764 135,675,959
Diluted weighted average common shares 133,198,755 135,724,658 133,668,764 135,675,959
Deposit service fees [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 3,404 $ 3,601 $ 9,987 $ 10,331
Insurance commissions [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 888 $ 788 $ 2,560 $ 2,042