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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans $ 93,749 $ 85,240 $ 269,137 $ 251,978
Taxable securities 5,826 5,984 17,600 17,050
Nontaxable securities 61 10 85 36
Dividends on securities 396 489 832 997
Federal funds sold and other 157 155 326 599
Total interest and dividend income 100,189 91,878 287,980 270,660
Interest expense        
Deposits 6,451 5,776 18,145 17,775
Securities sold under agreements to repurchase 124 134 395 430
FHLB advances and other borrowings 986 867 2,831 2,706
Related party notes payable 0 233 0 692
Subordinated debentures and subordinated notes payable 976 330 2,662 985
Total interest expense 8,537 7,340 24,033 22,588
Net interest income 91,652 84,538 263,947 248,072
Provision for loan and lease losses 5,372 4,410 11,892 17,408
Net interest income after provision for loan and lease losses 86,280 80,128 252,055 230,664
Noninterest income        
Service charges and other fees 12,316 9,627 33,098 28,896
Wealth management fees 1,807 1,972 5,087 5,754
Mortgage banking income, net 1,669 1,903 4,143 5,027
Net gain (loss) on sale of securities 134 0 (196) 51
Net increase (decrease) in fair value of loans at fair value 14,198 (24,394) 35,253 7,914
Net realized and unrealized gain (loss) on derivatives (21,925) 18,946 (53,379) (27,357)
Other 898 1,951 2,733 4,556
Total noninterest income 9,097 10,005 26,739 24,841
Noninterest expense        
Salaries and employee benefits 28,352 26,612 78,417 75,373
Data processing 5,625 4,657 15,822 14,193
Occupancy expenses 4,002 3,161 11,436 11,169
Professional fees 3,327 3,289 9,087 10,464
Communication expenses 788 1,031 2,650 3,429
Advertising 1,047 1,196 3,015 2,870
Equipment expense 959 1,075 2,794 2,956
Net loss recognized on repossessed property and other related expenses 379 1,067 479 5,547
Amortization of core deposits and other intangibles 822 1,776 2,239 6,402
Acquisition expenses 12,179 0 12,950 0
Other 3,742 2,566 11,408 9,556
Total noninterest expense 61,222 46,430 150,297 141,959
Income before income taxes 34,155 43,703 128,497 113,546
Provision for income taxes 7,795 14,871 41,002 38,293
Net income 26,360 28,832 87,495 75,253
Other comprehensive income (loss) - change in net unrealized gain (loss) on securities available for sale (net of deferred income tax (expense) benefit of $(2,649), and $2,254 for the three months ended June 30, 2016 and 2015, respectively and $(4,115) and $(2,712) for the nine months ended June 30, 2016 and 2015, respectively) 4,322 (3,845) 6,713 4,423
Comprehensive income $ 30,682 $ 24,987 $ 94,208 $ 79,676
Basic earnings per common share        
Weighted average shares outstanding 57,012,698 57,898,335 55,845,322 57,897,484
Earnings per share (in dollars per share) $ 0.46 $ 0.50 $ 1.57 $ 1.30
Diluted earnings per common share        
Weighted average shares outstanding (in shares) 57,176,705 57,959,202 55,993,011 57,929,188
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.50 $ 1.56 $ 1.30
Dividends per share        
Dividends paid $ 7,734 $ 6,946 $ 23,201 $ 13,893
Dividends per share (in dollars per share) $ 0.14 $ 0.12 $ 0.42 $ 0.24