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SEGMENT REPORTING
 3 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING

An operating segment is generally defined as a component of a business for which discrete financial information is available and whose results are reviewed by the chief operating decision-maker. Operating segments are aggregated into reportable segments if certain criteria are met.

In the Annual Report on Form 10-K for the year ended September 30, 2019, the Company reported its results of operations through three business segments: Payments, Banking, and Corporate Services/Other. Beginning October 1, 2019, segments are now aligned with the new management operating structure implemented by the Company for fiscal year 2020. The Company accordingly has changed its basis of presentation for segments, and following such change, reports its results of operations through the following three business segments: Consumer, Commercial, and Corporate Services/Other. The Meta Payment Systems and Tax Services divisions, formally reported in the Payments segment, are now included in the Consumer segment. The Warehouse Finance, Consumer Credit Products and ClearBalance business lines, previously reported in the Banking segment, are now included in the Consumer segment. The Crestmark and AFS divisions, formally reported in the Banking segment, are now included in the Commercial segment. The Community Bank division and Student Loan lending portfolio, previously reported in the Banking segment, are now included in the Corporate Services/Other segment. The Corporate Services/Other segment also includes certain shared services as well as treasury related functions such as the investment portfolio, wholesale deposits and borrowings. Prior periods have been reclassified to conform to the current period presentation. The Company does not report indirect general and administrative expenses in the Consumer and Commercial segments.

The following tables present segment data for the Company for the three months ended December 31, 2019 and 2018, respectively.
(Dollars in Thousands)
Consumer
 
Commercial
 
Corporate
Services/Other
 
Total
Three Months Ended December 31, 2019
 
 
 
 
 
 
 
Net interest income
$
20,012

 
$
39,736

 
$
4,903

 
$
64,651

Provision (recovery) for loan and lease losses
980

 
3,701

 
(1,274
)
 
3,407

Noninterest income (loss)
24,764

 
14,980

 
(2,261
)
 
37,483

Noninterest expense
16,783

 
26,726

 
32,289

 
75,798

Income (loss) before income tax expense (benefit)
27,013

 
24,289

 
(28,373
)
 
22,929

 
 
 
 
 
 
 
 
Total assets
720,873

 
2,494,253

 
2,965,800

 
6,180,926

Total goodwill
87,145

 
222,360

 
—

 
309,505

Total deposits(1)
2,999,184

 
13,855

 
1,793,541

 
4,806,580

(1) Total deposits includes deposits held for sale at December 31, 2019.
 
 
 
 
 
 
 
 
(Dollars in Thousands)
Consumer
 
Commercial
 
Corporate
Services/Other
 
Total
Three Months Ended December 31, 2018
 
 
 
 
 
 
 
Net interest income
$
13,674

 
$
35,951

 
$
10,647

 
$
60,272

Provision for loan and lease losses
1,973

 
3,854

 
3,272

 
9,099

Noninterest income
22,891

 
13,932

 
928

 
37,751

Noninterest expense
18,129

 
29,552

 
26,614

 
74,295

Income (loss) before income tax expense (benefit)
16,463

 
16,477

 
(18,311
)
 
14,629

 
 
 
 
 
 
 
 
Total assets
612,999

 
2,074,250

 
3,495,516

 
6,182,765

Total goodwill
87,145

 
216,125

 
—

 
303,270

Total deposits
2,763,948

 
7,177

 
2,165,322

 
4,936,447