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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
INTEREST AND DIVIDEND INCOME:        
Loans receivable $ 76,803 $ 71,918 $ 228,866 $ 206,056
Mortgage-backed securities ("MBS") 9,585 4,562 23,238 14,121
Cash and cash equivalents 3,875 10,009 13,166 37,657
FHLB stock 2,477 3,260 7,591 11,025
Investment securities 2,255 895 7,115 2,671
Total interest and dividend income 94,995 90,644 279,976 271,530
INTEREST EXPENSE:        
Borrowings 18,438 31,449 56,648 96,504
Deposits 36,233 24,445 102,091 52,489
Total interest expense 54,671 55,894 158,739 148,993
NET INTEREST INCOME 40,324 34,750 121,237 122,537
Provision for credit losses 1,472 1,324 1,896 5,875
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 38,852 33,426 119,341 116,662
NON-INTEREST INCOME:        
Net loss from securities transactions 0 0 (13,345) 0
Other non-interest income 1,098 1,522 3,568 3,702
Total non-interest income 4,709 5,814 458 16,249
NON-INTEREST EXPENSE:        
Salaries and employee benefits 13,307 13,200 39,186 39,687
Information technology and related expense 5,364 6,118 15,687 16,977
Occupancy, net 3,263 3,556 10,116 10,598
Federal insurance premium 1,352 1,231 4,939 3,289
Regulatory and outside services 1,322 1,436 4,345 4,274
Advertising and promotional 951 1,447 3,210 3,613
Deposit and loan transaction costs 726 615 2,135 1,916
Office supplies and related expense 405 546 1,185 1,810
Other non-interest expense 1,260 1,187 4,100 3,576
Total non-interest expense 27,950 29,336 84,903 85,740
INCOME BEFORE INCOME TAX EXPENSE 15,611 9,904 34,896 47,171
INCOME TAX EXPENSE 5,963 1,602 8,943 8,440
NET INCOME $ 9,648 $ 8,302 $ 25,953 $ 38,731
Basic earnings per share ("EPS") $ 0.07 $ 0.06 $ 0.20 $ 0.29
Diluted EPS $ 0.07 $ 0.06 $ 0.20 $ 0.29
Basic weighted average common shares 129,866,397 133,198,755 130,923,888 133,668,764
Diluted weighted average common shares 129,866,397 133,198,755 130,923,888 133,668,764
Deposit service fees [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 2,706 $ 3,404 $ 7,732 $ 9,987
Insurance commissions [Member]        
NON-INTEREST INCOME:        
Revenue from contracts with customers $ 905 $ 888 $ 2,503 $ 2,560