PREMISES, FURNITURE, AND EQUIPMENT, NET

12 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

PREMISES, FURNITURE, AND EQUIPMENT, NET

PREMISES, FURNITURE, AND EQUIPMENT, NET

Premises, furniture, and equipment consists of the following:

	At September 30,
(Dollars in thousands)	2022		2021
Land	$	1,354	$	1,354
Buildings	21,300		21,196
Furniture, fixtures, and equipment	56,631		76,662
	79,285		99,212
Less: accumulated depreciation and amortization	(37,575)		(54,324)
Net book value	$	41,710	$	44,888

Depreciation expense of premises, furniture and equipment included in occupancy and equipment expense was approximately $11.3 million, $9.6 million and $9.2 million for the fiscal years ended September 30, 2022, 2021 and 2020, respectively.

RENTAL EQUIPMENT, NET

Rental equipment consists of the following:

	At September 30,
(Dollars in thousands)	2022		2021
Computers and IT networking equipment	$	21,669	$	17,683
Motor vehicles and other	107,648		87,396
Other furniture and equipment	34,254		48,828
Solar panels and equipment	133,765		125,457
Total	297,336		279,364
Accumulated depreciation	(94,355)		(67,825)
Unamortized initial direct costs	1,390		1,577
Net book value	$	204,371	$	213,116

Future minimum lease payments expected to be received for operating leases at September 30, 2022 were as follows:

(Dollars in thousands)
2023	$	39,286
2024	30,807
2025	23,158
2026	14,651
2027	8,454
Thereafter	9,704
Total	$	126,060