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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 38,010 $ (101,659) $ 84,453
Adjustments to reconcile net income to net cash provided by operating activities:      
FHLB stock dividends (10,009) (13,821) (10,031)
Provision for credit losses 1,259 6,838 (4,630)
Originations of loans receivable held-for-sale ("LHFS") (712) (1,217) (1,088)
Proceeds from sales of LHFS 725 1,222 1,113
Amortization and accretion of premiums and discounts on securities (8,182) 3,016 4,967
Depreciation and amortization of premises and equipment 7,929 9,039 9,365
Amortization of intangible assets 774 1,069 1,372
Amortization of deferred amounts related to FHLB advances, net 1,529 1,643 1,804
Common stock committed to be released for allocation - ESOP 927 1,179 1,740
Stock-based compensation 358 327 498
Provision for deferred income taxes 3,546 (45,520) 2,047
Net loss from securities transactions 13,345 192,622 0
Changes in:      
Unrestricted cash collateral from derivative counterparties, net (11,850) 1,940 12,050
Other assets, net 8,227 2,528 6,661
Income taxes receivable, net 8,139 (7,303) (2,197)
Other liabilities (22,831) (4,372) (10,823)
Net cash provided by operating activities 31,184 47,531 97,301
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of AFS securities (1,176,645) 0 (88,026)
Proceeds from calls, maturities and principal reductions of AFS securities 455,110 186,860 323,025
Proceeds from sale of AFS securities 1,272,512 0 0
Proceeds from the redemption of FHLB stock 19,548 358,491 302,243
Purchase of FHLB stock 0 (354,760) (319,415)
Net change in loans receivable 63,626 (520,229) (381,561)
Proceeds from sale of participating interest in loans receivable 0 5,563 0
Purchase of premises and equipment (7,184) (6,281) (5,557)
Proceeds from sale of other real estate owned ("OREO") 464 533 692
Proceeds from sale of assets held-for-sale 629 0 0
Proceeds from bank-owned life insurance ("BOLI") death benefit 1,049 720 1,023
Net cash provided by (used in) investing activities 629,109 (329,103) (167,576)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Cash dividends paid (44,522) (83,172) (103,131)
Net change in deposits 78,762 (143,646) (402,530)
Proceeds from borrowings 350,100 4,293,870 1,454,402
Repayments on borrowings (1,052,291) (3,548,542) (906,902)
Change in advances by borrowers (1,192) (17,074) 7,338
Repurchase of common stock (19,448) (23,453) 0
Net cash (used in) provided by financing activities (688,591) 477,983 49,177
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS (28,298) 196,411 (21,098)
CASH AND CASH EQUIVALENTS:      
Beginning of year 245,605 49,194 70,292
End of year 217,307 245,605 49,194
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Income tax payments 6,017 5,424 13,559
Interest payments $ 224,701 $ 188,908 $ 83,833