INCOME TAXES (Tables)

3 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The Company’s effective tax rate in the future will depend in part on actual investment tax credits earned as part of its financing of solar energy projects.

The table below compares the income tax expense components for the periods presented.

Three Months Ended December 31,	2018			2017
(Dollars in Thousands)
Provision at statutory rate	$	3,072		$	2,540
Tax-exempt income	(1,201		)	(2,068		)
State income taxes	701			718
Interim period effective rate adjustment	5,263			717
Tax credit investments, net - federal	(9,568		)	—
Tax Reform rate adjustment	—			3,635
Other, net	42			142
Income tax expense	$	(1,691	)	$	5,684
Effective tax rate	(11.56		%)	54.90		%