XML 97 R83.htm IDEA: XBRL DOCUMENT v3.22.2.2
INCOME TAXES (Details) - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Federal:      
Current $ 5,657 $ 6,402 $ 3,148
Deferred 12,900 (3,909) (4,505)
Federal income tax expense 18,557 2,493 (1,357)
State:      
Current 4,720 5,938 4,860
Deferred 4,687 2,270 2,158
State tax expense 9,407 8,208 7,018
Income tax expense (benefit) 27,964 10,701 5,661
Deferred tax assets:      
Bad debts 10,636 15,946  
Deferred compensation 2,652 3,733  
Stock based compensation 3,521 3,314  
Valuation adjustments 3,047 4,111  
General business credits 52,684 49,196  
Accrued expenses 1,948 2,780  
Lease liability 8,074 9,206  
Net unrealized losses on securities available for sale 71,336 0  
Other assets 2,662 4,253  
Gross deferred tax assets 156,560 92,539  
Deferred tax liabilities:      
Premises and equipment (3,148) (3,328)  
Intangibles (4,099) (3,032)  
Net unrealized gains on securities available for sale 0 (2,471)  
Leased assets (58,592) (46,355)  
Right-of-use assets (7,758) (8,877)  
Other liabilities (1,170) (3,303)  
Gross deferred tax liabilities (74,767) (67,366)  
Net deferred tax assets 81,793 25,173  
Amount      
Statutory federal income tax expense and rate 38,714 32,854 24,151
Change in tax rate resulting from:      
State income taxes net of federal benefits 7,413 6,452 5,444
162(m) disallowance 1,125 686 1,129
Tax exempt income (743) (835) (1,212)
General business credits (17,589) (26,945) (22,284)
Other, net (956) (1,511) (1,567)
Income tax expense (benefit) $ 27,964 $ 10,701 $ 5,661
Rate      
Statutory federal income tax expense and rate (percent) 21.00% 21.00% 21.00%
State income taxes net of federal benefits (percent) 4.00% 4.10% 4.70%
162 (m) disallowance (percent) 0.40% 0.40% 1.00%
Tax exempt income (percent) (0.40%) (0.50%) (1.00%)
General business credits (percent) (9.50%) (17.20%) (19.40%)
Other, net (percent) (0.30%) (1.00%) (1.40%)
Total income tax expense (percent) 15.20% 6.80% 4.90%
Gross deferred tax on state net operating loss carryforwards $ 2,900 $ 2,700  
Operating loss carryforwards reserved 2,900 2,700  
Tax credit, investment, amount 16,800 26,500 $ 20,500
Reconciliation for liabilities [Abstract]      
Balance at beginning of fiscal year 777 1,091  
Reductions for tax positions related to prior years (132) (314)  
Balance at end of fiscal year 645 $ 777 $ 1,091
Unrecognized tax benefits that, if recognized, would impact the effective rate 699    
Accrued interest related to unrecognized tax benefits $ 145