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PARENT COMPANY FINANCIAL STATEMENTS (Tables)
12 Months Ended
Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Statements of Financial Condition
CONDENSED STATEMENTS OF FINANCIAL CONDITION
 
September 30,
2017
 
2016
 
(Dollars in Thousands)
ASSETS
 
 
 
Cash and cash equivalents
$
14,569

 
$
15,716

Investment in subsidiaries
521,021

 
403,574

Other assets
406

 
413

Total assets
$
535,996

 
$
419,703

 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 

 
 

 
 
 
 
LIABILITIES
 

 
 

Long term debt
$
83,657

 
$
83,521

Other liabilities
17,843

 
1,207

Total liabilities
$
101,500

 
$
84,728

 
 
 
 
STOCKHOLDERS' EQUITY
 

 
 

Common stock
$
96

 
$
85

Additional paid-in capital
258,336

 
184,780

Retained earnings
167,164

 
127,190

Accumulated other comprehensive income
9,166

 
22,920

Treasury stock, at cost
(266
)
 

Total stockholders' equity
$
434,496

 
$
334,975

Total liabilities and stockholders' equity
$
535,996

 
$
419,703

Condensed Statements of Operations
CONDENSED STATEMENTS OF OPERATIONS
 
Years Ended September 30,
2017
 
2016
 
2015
 
(Dollars in Thousands)
Interest expense
$
4,959

 
$
1,022

 
$
418

Other expense
440

 
382

 
269

Total expense
5,399

 
1,404

 
687

 
 
 
 
 
 
Gain (loss) before income taxes and equity in undistributed net income of subsidiaries
(5,399
)
 
(1,404
)
 
(687
)
 
 
 
 
 
 
Income tax (benefit)
(1,935
)
 
(519
)
 
(324
)
 
 
 
 
 
 
Gain (loss) before equity in undistributed net income of subsidiaries
(3,464
)
 
(885
)
 
(363
)
 
 
 
 
 
 
Equity in undistributed net income of subsidiaries
48,381

 
34,105

 
18,418

 
 
 
 
 
 
Net income
$
44,917

 
$
33,220

 
$
18,055

Condensed Statements of Cash Flows
CONDENSED STATEMENTS OF CASH FLOWS
 
For the Years Ended September 30,
2017
 
2016
 
2015
 
(Dollars in Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
 
 
 
 
 
Net income
$
44,917

 
$
33,220

 
$
18,055

Adjustments to reconcile net income to net cash provided by (used in) operating activities
 

 
 

 
 

Depreciation, amortization and accretion, net
136

 
(22
)
 

Equity in undistributed net income of subsidiaries
(48,381
)
 
(34,105
)
 
(18,418
)
Stock compensation
10,401

 
427

 
253

Change in other assets
7

 
(5
)
 
(15
)
Change in other liabilities
16,636

 
541

 
378

Net cash provided by (used in) operating activities
23,716

 
56

 
253

 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITES
 

 
 

 
 

Capital contributions to subsidiaries
(82,820
)
 
(81,000
)
 
(67,600
)
Net cash used in investing activities
(82,820
)
 
(81,000
)
 
(67,600
)
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 

 
 

 
 

Cash dividends paid
(4,839
)
 
(4,389
)
 
(3,493
)
Purchase of shares by ESOP
1,174

 

 

Proceeds from contingent consideration - equity
24,142

 

 

Proceeds from exercise of stock options & issuance of common stock
650

 
13,536

 
75,681

Issuance of common shares due to acquisition
37,296

 

 

Issuance of restricted stock
4

 

 

Proceeds from long term debt

 
75,000

 

Payment of debt issuance costs

 
(1,767
)
 

Shares repurchased for tax withholdings on stock compensation
(470
)
 

 

Other, net

 

 

Net cash provided by financing activities
57,957

 
82,380

 
72,188

 
 
 
 
 
 
Net change in cash and cash equivalents
$
(1,147
)
 
$
1,436

 
$
4,841

 
 
 
 
 
 
CASH AND CASH EQUIVALENTS
 

 
 

 
 

Beginning of year
$
15,716

 
$
14,280

 
$
9,439

End of year
$
14,569

 
$
15,716

 
$
14,280