XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:    
Loans and leases, including fees $ 60,498 $ 16,443
Mortgage-backed securities 2,698 3,758
Other investments 11,780 10,656
Total interest and dividend income 74,976 30,857
Interest expense:    
Deposits 10,596 1,885
FHLB advances and other borrowings 4,108 2,776
Total interest expense 14,704 4,661
Net interest income 60,272 26,196
Provision for loan and lease losses 9,099 1,068
Net interest income after provision for loan and lease losses 51,173 25,128
Noninterest income:    
Bank-owned life insurance 642 669
Loss on sale of securities available-for-sale, net (Includes ($22) and ($1,010) reclassified from accumulated other comprehensive income (loss) for net gains (losses) on available for sale securities for the three months ended December 31, 2018 and 2017, respectively) (22) (1,010)
Gain on sale of loans and leases 867 0
Gain (loss) on foreclosed real estate 15 (19)
Other income 877 102
Total noninterest income 37,751 29,268
Noninterest expense:    
Compensation and benefits 33,010 22,340
Refund transfer product expense 10 101
Tax advance product expense 452 280
Card processing 7,085 6,540
Occupancy and equipment 6,458 4,890
Operating lease equipment depreciation 7,765 0
Legal and consulting 3,969 2,416
Marketing 539 553
Data processing 437 414
Intangible amortization 4,383 1,681
Other expense 10,187 4,827
Total noninterest expense 74,295 44,042
Income before income tax expense 14,629 10,354
Income tax (benefit) expense (Includes ($5) and ($380) reclassified from accumulated other comprehensive loss for the three months ended December 31, 2018 and 2017, respectively) (1,691) 5,684
Net income before noncontrolling interest 16,320 4,670
Net income attributable to noncontrolling interest 922 0
Net income attributable to parent $ 15,398 $ 4,670
Earnings per common share    
Basic (in dollars per share) [1] $ 0.39 $ 0.16
Diluted (in dollars per share) [1] $ 0.39 $ 0.16
Refund transfer product fees    
Noninterest income:    
Revenue from contract with customer $ 261 $ 192
Tax advance product fees    
Noninterest income:    
Revenue from contract with customer 1,685 1,947
Card fees    
Noninterest income:    
Revenue from contract with customer 19,351 25,247
Rental Income [Member]    
Noninterest income:    
Revenue from contract with customer 10,890 0
Total noninterest income 10,890 0
Loan and lease fees    
Noninterest income:    
Revenue from contract with customer 1,247 1,292
Deposit fees    
Noninterest income:    
Revenue from contract with customer $ 1,938 $ 848
[1] All share and per share data has been adjusted to reflect the 3-for-1 forward stock split effected by the Company on October 4, 2018.