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FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables)

6 Months Ended

Mar. 31, 2020

Schedule of Foreclosed Real Estate and Repossessed Assets

The following table provides an analysis of changes in foreclosed real estate and repossessed assets:


	Six Months Ended March 31,
(Dollars in Thousands)	2020		2019
Balance, beginning of period	$	29,494	$	31,638
Additions	5,983		—
Reductions:
Write-downs	104		200
Net proceeds from sale	23,085		1,905
Gain (loss) on sale	(5,039)		15
Total reductions	28,228		2,090
Balance, ending of period	$	7,249	$	29,548

Schedule of Other Real Estate

The following table is a summary of the sale transaction, as reflected in the Company's financial statements:


(Dollars in Thousands)	March 31, 2020
Purchase price	$	23,083
Carrying value of OREO	28,122
Loss on sale	(5,039)
Deferred income recognized	1,096
Net impact	$	(3,943)

Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019
ASSETS
Cash and cash equivalents	$ 108,733	$ 126,545
Investment securities available for sale, at fair value	840,525	889,947
Mortgage-backed securities available for sale, at fair value	355,094	382,546
Investment securities held to maturity, at cost	108,105	127,582
Mortgage-backed securities held to maturity, at cost	6,752	7,182
Loans held for sale	13,610	148,777
Loans and leases	3,618,924	3,658,847
Allowance for loan and lease losses	(65,355)	(29,149)
Federal Home Loan Bank Stock, at cost	29,944	30,916
Accrued interest receivable	16,958	20,400
Premises, furniture, and equipment, net	38,871	45,932
Rental equipment, net	200,837	208,537
Bank-owned life insurance	91,081	89,827
Foreclosed real estate and repossessed assets	7,249	29,494
Goodwill	309,505	309,505
Intangible assets	46,766	52,810
Prepaid assets	9,727	9,476
Deferred taxes	20,887	18,884
Other assets	85,652	54,832
Total assets	5,843,865	6,182,890
Deposits [Abstract]
Noninterest-bearing checking	2,900,484	2,358,010
Interest-bearing checking	152,504	185,768
Savings deposits	37,615	49,773
Money market deposits	37,266	76,911
Time certificates of deposit	25,492	109,275
Wholesale deposits	809,043	1,557,268
Total deposits	3,962,404	4,337,005
Short-term borrowings	717,000	646,019
Long-term borrowings	211,353	215,838
Accrued interest payable	3,607	9,414
Accrued expenses and other liabilities	144,427	130,656
Total liabilities	5,038,791	5,338,932
STOCKHOLDERS’ EQUITY
Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2020 and September 30, 2019, respectively	0	0
Additional paid-in capital	590,682	580,826
Retained earnings	212,027	252,813
Accumulated other comprehensive income	1,654	6,339
Treasury stock, at cost, 103,228 and 14,444 common shares at March 31, 2020 and September 30, 2019, respectively	(3,397)	(445)
Total equity attributable to parent	801,312	839,911
Noncontrolling interest	3,762	4,047
Total stockholders’ equity	805,074	843,958
Total liabilities and stockholders’ equity	5,843,865	6,182,890
Common stock, $0.01 par value; 90,000,000 shares authorized, 34,711,190 and 37,821,508 shares issued, 34,607,962 and 37,807,064 shares outstanding at March 31, 2020 and September 30, 2019, respectively
STOCKHOLDERS’ EQUITY
Common stock	346	378
Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at March 31, 2020 and September 30, 2019, respectively
STOCKHOLDERS’ EQUITY
Common stock	$ 0	$ 0

Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Noninterest income:
Net gain (losses) on available for sale securities reclassified from accumulated other comprehensive income (loss)	$ 0	$ 231
Income tax expense (benefit) reclassified from accumulated other comprehensive income (loss)	$ 0	$ 58

LOANS AND LEASES, NET - Schedule of Loans Purchased and Sold, by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans purchased held for investment			$ 117,677	$ 144,104
Total purchases	$ 98,864	$ 23,933	117,677	150,044
Loans held for sale:			160,290	36,461
Total sales	288,936	38,530	435,070	45,761
National Lending
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans purchased held for investment	0	5,940	0	5,940
Total purchases	89,424	10,621	103,888	125,591
Loans held for sale:	17,255	28,051	160,290	34,904
Community Banking
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total purchases	9,440	7,432	13,789	18,513
Loans held for sale:	271,681	0	271,681	0
Loans held for investment: Total Community Banking	$ 0	$ 10,479	$ 3,099	$ 10,857

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 5,617	$ (395)	$ 6,297	$ (2,086)
Effective tax rate			7.66%	(4.40%)

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared on common stock (in dollars per share)	$ 0.05	$ 0.10	$ 0.05

GOODWILL AND INTANGIBLE ASSETS Schedule of Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining in 2020	$ 4,919
2021	8,545
2022	6,419
2023	5,101
2024	4,383
2025	3,827
Thereafter	13,572
Balance as of March 31, 2020	$ 46,766	$ 52,810	$ 60,506	$ 70,719

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)	Mar. 31, 2020 USD ($) segment	Mar. 31, 2019 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			3
Segment data [Abstract]
Net interest income	$ 67,737	$ 71,350	$ 132,388	$ 131,622
Provision for loan and lease losses	37,296	33,318	40,703	42,417
Noninterest income	120,513	105,025	157,995	142,776
Noninterest expense	91,729	110,254	167,526	184,549
Income (loss) before income tax expense (benefit)	59,225	32,803	82,154	47,432
Total assets	5,843,865	6,050,042	5,843,865	6,050,042	$ 6,182,890
Goodwill	309,505	307,464	309,505	307,464	309,505	$ 303,270
Total deposits	3,962,404	4,970,307	3,962,404	4,970,307
Consumer
Segment data [Abstract]
Net interest income	20,165	19,829	40,177	33,503
Provision for loan and lease losses	19,635	22,645	20,615	24,618
Noninterest income	83,208	89,757	107,972	112,648
Noninterest expense	30,534	29,976	47,317	48,104
Income (loss) before income tax expense (benefit)	53,204	56,965	80,217	73,429
Total assets	722,334	629,557	722,334	629,557
Goodwill	87,145	87,145	87,145	87,145	87,145	87,145
Total deposits	3,078,481	3,122,839	3,078,481	3,122,839
Commercial
Segment data [Abstract]
Net interest income	37,026	37,965	76,762	73,916
Provision for loan and lease losses	11,994	7,086	15,695	10,940
Noninterest income	15,523	13,655	30,502	27,587
Noninterest expense	27,361	37,451	54,086	67,003
Income (loss) before income tax expense (benefit)	13,194	7,083	37,483	23,560
Total assets	2,529,665	2,118,465	2,529,665	2,118,465
Goodwill	222,360	220,319	222,360	220,319	222,360	216,125
Total deposits	9,214	9,989	9,214	9,989
Corporate Services/Other
Segment data [Abstract]
Net interest income	10,546	13,556	15,449	24,203
Provision for loan and lease losses	5,667	3,587	4,393	6,859
Noninterest income	21,782	1,613	19,521	2,541
Noninterest expense	33,834	42,827	66,123	69,442
Income (loss) before income tax expense (benefit)	(7,173)	(31,245)	(35,546)	(49,557)
Total assets	2,591,866	3,302,020	2,591,866	3,302,020
Goodwill	0	0	0	0	$ 0	$ 0
Total deposits	$ 874,709	$ 1,837,479	$ 874,709	$ 1,837,479

SECURITIES - Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Sep. 30, 2019
Available-for-sale debt securities [Abstract]
Amortized cost	$ 1,192,505	$ 1,263,888
Debt securities available for sale	1,195,619	1,272,493
Amortized Cost
Due in one year or less	1,130	0
Due after one year through five years	12,689	16,749
Due after five years through ten years	45,180	50,263
Due after ten years	790,771	818,206
Total	849,770	885,218
Mortgage-backed securities	342,735	378,670
Fair Value
Due in one year or less	1,138	0
Due after one year through five years	13,067	17,143
Due after five years through ten years	47,086	51,840
Due after ten years	779,234	820,964
Total	840,525	889,947
Mortgage-backed securities	355,094	382,546
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	0	7,438
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	6
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	92,418	111,171
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	767	1,410
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	92,418	118,609
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	767	1,416
Small Business Administration Securities
Available-for-sale debt securities [Abstract]
Amortized cost	168,697	182,327
Gross unrealized gains	4,569	3,655
Gross unrealized (losses)	(20)	0
Debt securities available for sale	173,246	185,982
LESS THAN 12 MONTHS, Fair Value	19,536	10,262
LESS THAN 12 MONTHS, Unrealized (Losses)	(20)	0
OVER 12 MONTHS, Fair Value	0	0
OVER 12 MONTHS, Unrealized (Losses)	0	0
TOTAL, Fair Value	19,536	10,262
TOTAL, Unrealized (Losses)	(20)	0
Obligations of States and Political Subdivisions
Available-for-sale debt securities [Abstract]
Amortized cost	858	858
Gross unrealized gains	14	16
Gross unrealized (losses)	0	0
Debt securities available for sale	872	874
Non-bank Qualified Obligations of States and Political Subdivisions
Available-for-sale debt securities [Abstract]
Amortized cost	341,080	396,430
Gross unrealized gains	5,587	5,030
Gross unrealized (losses)	(497)	(903)
Debt securities available for sale	346,170	400,557
LESS THAN 12 MONTHS, Fair Value	27,484	66,326
LESS THAN 12 MONTHS, Unrealized (Losses)	(37)	(177)
OVER 12 MONTHS, Fair Value	46,259	55,428
OVER 12 MONTHS, Unrealized (Losses)	(460)	(726)
TOTAL, Fair Value	73,743	121,754
TOTAL, Unrealized (Losses)	(497)	(903)
Fair Value
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	0	5,967
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	6
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	92,418	109,368
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	767	1,397
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	92,418	115,335
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	767	1,403
Asset-backed Securities
Available-for-sale debt securities [Abstract]
Amortized cost	339,135	305,603
Gross unrealized gains	0	262
Gross unrealized (losses)	(18,898)	(3,331)
Debt securities available for sale	320,237	302,534
LESS THAN 12 MONTHS, Fair Value	196,361	158,176
LESS THAN 12 MONTHS, Unrealized (Losses)	(7,499)	(1,823)
OVER 12 MONTHS, Fair Value	123,876	93,259
OVER 12 MONTHS, Unrealized (Losses)	(11,399)	(1,508)
TOTAL, Fair Value	320,237	251,435
TOTAL, Unrealized (Losses)	(18,898)	(3,331)
Mortgage-backed Securities
Available-for-sale debt securities [Abstract]
Amortized cost	342,735	378,670
Gross unrealized gains	12,359	5,731
Gross unrealized (losses)	0	(1,855)
Debt securities available for sale	355,094	382,546
LESS THAN 12 MONTHS, Fair Value		1,713
LESS THAN 12 MONTHS, Unrealized (Losses)		(1)
OVER 12 MONTHS, Fair Value		89,634
OVER 12 MONTHS, Unrealized (Losses)		(1,854)
TOTAL, Fair Value		91,347
TOTAL, Unrealized (Losses)		(1,855)
Fair Value
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value		1,471
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value		1,803
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		13
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value		3,274
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss		13
Debt Securities
Available-for-sale debt securities [Abstract]
Amortized cost	1,192,505	1,263,888
Gross unrealized gains	22,529	14,694
Gross unrealized (losses)	(19,415)	(6,089)
Debt securities available for sale	1,195,619	1,272,493
LESS THAN 12 MONTHS, Fair Value	243,381	236,477
LESS THAN 12 MONTHS, Unrealized (Losses)	(7,556)	(2,001)
OVER 12 MONTHS, Fair Value	170,135	238,321
OVER 12 MONTHS, Unrealized (Losses)	(11,859)	(4,088)
TOTAL, Fair Value	413,516	474,798
TOTAL, Unrealized (Losses)	$ (19,415)	$ (6,089)

LOANS AND LEASES, NET

6 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Loans and Leases Receivable Disclosure [Abstract]

LOANS AND LEASES, NET

Loans and leases consist of the following:


(Dollars in Thousands)	March 31, 2020		September 30, 2019
National Lending
Term lending⁽¹⁾	$	725,581	$	641,742
Asset based lending⁽¹⁾	250,211		250,465
Factoring	285,495		296,507
Lease financing⁽¹⁾	238,788		177,915
Insurance premium finance	332,800		361,105
SBA/USDA	92,000		88,831
Other commercial finance	101,472		99,665
Commercial finance	2,026,347		1,916,230
Consumer credit products	113,544		106,794
Other consumer finance	144,895		161,404
Consumer finance	258,439		268,198
Tax services	95,936		2,240
Warehouse finance	333,829		262,924
Total National Lending	2,714,551		2,449,592
Community Banking
Commercial real estate and operating	654,429		883,932
Consumer one-to-four family real estate and other	205,046		259,425
Agricultural real estate and operating	36,759		58,464
Total Community Banking	896,234		1,201,821
Total loans and leases	3,610,785		3,651,413
Net deferred loan origination fees (costs)	8,139		7,434
Total gross loans and leases	3,618,924		3,658,847

Allowance for loan and lease losses	(65,355)		(29,149)
Total loans and leases, net⁽²⁾	$	3,553,569	$	3,629,698

⁽¹⁾The Company has updated the presentation of its loan and lease table beginning in the fiscal 2020 first quarter. The new presentation includes a new category called term lending. Certain balances previously included in the asset based lending and lease financing categories have been reclassified into the new term lending category during the fiscal 2020 first quarter. Prior period balances have been conformed to the new presentation.

⁽²⁾ As of March 31, 2020, the remaining balance of acquired loans and leases from the acquisition of Crestmark Bancorp, Inc. ("Crestmark") and its bank subsidiary, Crestmark Bank (the "Crestmark Acquisition") was $236.6 million and the remaining balances of the credit and interest rate mark discounts related to the acquired loans and leases held for investment were $4.3 million and $2.7 million, respectively, while the remaining balance of the interest rate mark premium related to the acquired loans held for sale was $0.4 million. On August 1, 2018, the Company acquired loans and leases from the Crestmark Acquisition totaling $1.06 billion and recorded related credit and interest rate mark discounts of $12.3 million and $6.0 million, respectively.

During the six months ended March 31, 2020, the Company transferred $277.0 million of Community Banking loans to held for sale. During the six months ended March 31, 2019, the Company transferred $39.5 million of consumer credit product loans to held for sale.

During the six months ended March 31, 2020 and 2019, the Company originated $32.2 million and $43.0 million, respectively, of SBA/USDA and consumer credit product loans as held for sale.

The Company sold held for sale loans resulting in proceeds of $432.0 million and gains on sale of $6.2 million during the six months ended March 31, 2020. The Company sold held for sale loans resulting in proceeds of $36.5 million and gains on sale of $1.7 million during the six months ended March 31, 2019 .

Loans purchased and sold by portfolio segment, including participation interests, for the three and six months ended were as follows:


	Three Months Ended March 31,						Six Months Ended March 31,
(Dollars in Thousands)	2020		2019		2020		2019
Loans Purchased
Loans held for sale:
Total National Lending	$	—	$	5,940	$	—	$	5,940

Loans held for investment:
Total National Lending	89,424		10,621		103,888		125,591
Total Community Banking	9,440		7,432		13,789		18,513
Total purchases	$	98,864	$	23,933	$	117,677	$	150,044
Loans Sold
Loans held for sale:
Total National Lending	$	17,255	$	28,051	$	160,290	$	34,904
Total Community Banking	271,681		—		271,681		—
Loans held for investment:

Total Community Banking	—		10,479		3,099		10,857
Total sales	$	288,936	$	38,530	$	435,070	$	45,761

Leasing Portfolio

Effective October 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842) and related ASUs on a modified retrospective basis, electing the practical expedients and optional transition method. As such, the following leasing disclosures include information at, or for the three and six months ended, March 31, 2020.

The net investment in direct financing and sales-type leases was comprised of the following:


(Dollars in Thousands)	March 31, 2020		September 30, 2019
Carrying Amount	$	255,005	$	191,733
Unguaranteed residual assets	16,490		13,353
Unamortized initial direct costs	1,769		1,790
Unearned income	(32,707)		(27,171)
Total net investment in direct financing and sales-type leases	$	240,557	$	179,705

The carrying amount of direct financing and sales-type leases subject to residual value guarantees was $9.2 million at March 31, 2020.

The components of total lease income were as follows:


	March 31, 2020
(Dollars in Thousands)	Three Months Ended		Six Months Ended
Interest income - loans and leases
Interest income on net investments in direct financing and sales-type leases	$	4,375	$	8,462

Leasing and equipment finance noninterest income
Lease income from operating lease payments	11,263		22,466
Profit (loss) recorded on commencement date on sales-type leases	16		487
Other⁽¹⁾	1,831		2,581
Total leasing and equipment finance noninterest income	13,110		25,534
Total lease income	$	17,485	$	33,996

⁽¹⁾ Other leasing and equipment finance noninterest income consists of gains (losses) on sales of leased equipment, fees and service charges on leases and gains (losses) on sales of leases.

Undiscounted future minimum lease payments receivable for direct financing and sales-type leases and a reconciliation to the carrying amount recorded were as follows:


(Dollars in Thousands)
Remaining in 2020	$	46,751
2021	81,458
2022	61,177
2023	37,755
2024	20,933
Thereafter	6,931
Equipment under leases not yet commenced	—
Total undiscounted future minimum lease payments receivable for direct financing and sales-type leases	255,005
Third-party residual value guarantees	—
Total carrying amount of direct financing and sales-type leases	$	255,005

The Company did not record any contingent rental income from direct financing and sales-type leases in the six months ended March 31, 2020.

During the Company's fiscal 2020 second quarter, the COVID-19 pandemic began impacting global and US markets and macroeconomic conditions. Although the effect of the pandemic on the Company's loan and lease portfolio is difficult to predict at this time, management performed an evaluation of the loan and lease portfolio in order to assess the impact on repayment sources and underlying collateral that could result in additional losses. The framework for the analysis was based on the Company's current allowance for loan and lease losses ("ALLL") methodology with additional considerations. From this impact assessment, additional reserve levels were estimated by increasing historical loss rate expectations and qualitative factors. Borrowers within certain industries were considered higher risk for credit loss (e.g. transportation, hospitality, travel, entertainment and retail).

Based on the Company's assessment of the COVID-19 pandemic, the Company recognized an additional provision for loan and lease losses of $15.8 million. The Company will continue to assess the impact to their customers and businesses as a result of COVID-19 and refine their estimate as more information becomes available.

Activity in the allowance for loan and lease losses and balances of loans and leases by portfolio segment for each of the three and six months ended was as follows:


	Three Months Ended March 31, 2020
(Dollars in Thousands)	Beginning balance		Provision (recovery) for loan and lease losses		Charge-offs		Recoveries		Ending balance
Allowance for loan and lease losses:
National Lending
Term lending	$	6,750	$	5,679	$	(877)	$	95	$	11,647
Asset based lending	1,995		803		—		28		2,826
Factoring	3,548		1,231		(345)		10		4,444
Lease financing	1,695		1,043		(152)		97		2,683
Insurance premium finance	970		1,935		(789)		26		2,142
SBA/USDA	765		910		(117)		—		1,558
Other commercial finance	160		392		—		—		552
Commercial finance	15,883		11,993		(2,280)		256		25,852
Consumer credit products	1,107		(25)		—		—		1,082
Other consumer finance	4,889		(1,308)		(907)		740		3,414
Consumer finance	5,996		(1,333)		(907)		740		4,496
Tax services	1,650		19,596		—		74		21,320
Warehouse finance	269		65		—		—		334
Total National Lending	23,798		30,321		(3,187)		1,070		52,002
Community Banking
Commercial real estate and operating	4,665		5,404		—		—		10,069
Consumer one-to-four family real estate and other	1,031		1,319		—		—		2,350
Agricultural real estate and operating	682		252		—		—		934
Total Community Banking	6,378		6,975		—		—		13,353
Total	$	30,176	$	37,296	$	(3,187)	$	1,070	$	65,355


	Six Months Ended March 31, 2020
(Dollars in Thousands)	Beginning balance		Provision (recovery) for loan and lease losses		Charge-offs		Recoveries		Ending balance
Allowance for loan and lease losses:
National Lending
Term lending	$	5,533	$	9,081	$	(3,172)	$	205	$	11,647
Asset based lending	2,437		342		—		47		2,826
Factoring	3,261		1,489		(735)		429		4,444
Lease financing	1,275		1,546		(367)		229		2,683
Insurance premium finance	1,024		2,076		(1,074)		116		2,142
SBA/USDA	383		1,292		(117)		—		1,558
Other commercial finance	683		(131)		—		—		552
Commercial finance	14,596		15,695		(5,465)		1,026		25,852
Consumer credit products	1,044		38		—		—		1,082
Other consumer finance	5,118		(833)		(1,640)		769		3,414
Consumer finance	6,162		(795)		(1,640)		769		4,496
Tax services	—		20,507		—		813		21,320
Warehouse finance	263		71		—		—		334
Total National Lending	21,021		35,478		(7,105)		2,608		52,002
Community Banking
Commercial real estate and operating	6,208		3,861		—		—		10,069
Consumer one-to-four family real estate and other	1,053		1,297		—		—		2,350
Agricultural real estate and operating	867		67		—		—		934
Total Community Banking	8,128		5,225		—		—		13,353
Total	$	29,149	$	40,703	$	(7,105)	$	2,608	$	65,355


	Three Months Ended March 31, 2019
(Dollars in Thousands)	Beginning balance		Provision (recovery) for loan and lease losses		Charge-offs		Recoveries		Ending balance
Allowance for loan and lease losses:
National Lending
Term lending	$	1,835	$	1,654	$	(453)	$	85	$	3,121
Asset based lending	775		634		—		1		1,410
Factoring	1,062		1,799		(1,125)		25		1,761
Lease financing	539		748		(591)		237		933
Insurance premium finance	972		1,797		(1,877)		27		919
SBA/USDA	253		221		—		—		474
Other commercial finance	291		234		—		—		525
Commercial finance	5,727		7,087		(4,046)		375		9,143
Consumer credit products	1,151		163		—		—		1,314
Other consumer finance	4,222		3,336		(2,456)		28		5,130
Consumer finance	5,373		3,499		(2,456)		28		6,444
Tax services	1,546		22,473		(1)		84		24,102
Warehouse finance	176		9		—		—		185
Total National Lending	12,822		33,068		(6,503)		487		39,874
Community Banking
Commercial real estate and operating	6,570		103		—		—		6,673
Consumer one-to-four family real estate and other	719		259		(20)		—		958
Agricultural real estate and operating	1,179		(112)		—		100		1,167
Total Community Banking	8,468		250		(20)		100		8,798
Total	$	21,290	$	33,318	$	(6,523)	$	587	$	48,672


	Six Months Ended March 31, 2019
(Dollars in Thousands)	Beginning balance		Provision (recovery) for loan and lease losses		Charge-offs		Recoveries		Ending balance
Allowance for loan and lease losses:
National Lending
Term lending	$	89	$	2,364	$	(781)	$	1,449	$	3,121
Asset based lending	47		1,358		—		5		1,410
Factoring	64		3,022		(1,375)		50		1,761
Lease financing	30		1,348		(943)		498		933
Insurance premium finance	1,031		1,890		(2,085)		83		919
SBA/USDA	13		461		—		—		474
Other commercial finance	28		497		—		—		525
Commercial finance	1,302		10,940		(5,184)		2,085		9,143
Consumer credit products	785		529		—		—		1,314
Other consumer finance	2,820		6,359		(4,079)		30		5,130
Consumer finance	3,605		6,888		(4,079)		30		6,444
Tax services	—		23,969		(43)		176		24,102
Warehouse finance	65		461,000		—		—		185
Total National Lending	4,972		41,917		(9,306)		2,291		39,874
Community Banking
Commercial real estate and operating	6,220		453		—		—		6,673
Consumer one-to-four family real estate and other	632		346		(20)		—		958
Agricultural real estate and operating	1,216		(299)		—		250		1,167
Total Community Banking	8,068		500		(20)		250		8,798
Total	$	13,040	$	42,417	$	(9,326)	$	2,541	$	48,672

The following tables provide details regarding the allowance for loan and lease losses and balance by type of allowance:


	Allowance										Loans and Leases
Recorded Investment	Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Total		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Total
As of March 31, 2020	(Dollars in Thousands)
National Lending
Term lending	$	1,883	$	9,764	$	11,647	$	27,538	$	698,043	$	725,581
Asset based lending	—		2,826		2,826		—		250,211		250,211
Factoring	561		3,883		4,444		5,989		279,506		285,495
Lease financing	395		2,288		2,683		2,072		236,716		238,788
Insurance premium finance	—		2,142		2,142		—		332,800		332,800
SBA/USDA	1,164		394		1,558		3,553		88,447		92,000
Other commercial finance	—		552		552		—		101,472		101,472
Commercial finance	4,003		21,849		25,852		39,152		1,987,195		2,026,347
Consumer credit products	—		1,082		1,082		—		113,544		113,544
Other consumer finance	—		3,414		3,414		1,910		142,985		144,895
Consumer finance	—		4,496		4,496		1,910		256,529		258,439
Tax services	—		21,320		21,320		—		95,936		95,936
Warehouse finance	—		334		334		—		333,829		333,829
Total National Lending	4,003		47,999		52,002		41,062		2,673,489		2,714,551
Community Banking
Commercial real estate and operating	55		10,014		10,069		399		654,030		654,429
Consumer one-to-four family real estate and other	—		2,350		2,350		108		204,938		205,046
Agricultural real estate and operating	—		934		934		2,437		34,322		36,759
Total Community Banking	55		13,298		13,353		2,944		893,290		896,234
Total	$	4,058	$	61,297	$	65,355	$	44,006	$	3,566,779	$	3,610,785


	Allowance										Loans and Leases
Recorded Investment	Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Total		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Total
As of September 30, 2019	(Dollars in Thousands)
National Lending
Term lending	$	450	$	5,083	$	5,533	$	19,568	$	622,174	$	641,742
Asset based lending	—		2,437		2,437		378		250,087		250,465
Factoring	1,262		1,999		3,261		3,824		292,683		296,507
Lease financing	112		1,163		1,275		1,213		176,702		177,915
Insurance premium finance	—		1,024		1,024		—		361,105		361,105
SBA/USDA	51		332		383		3,841		84,990		88,831
Other commercial finance	—		683		683		—		99,665		99,665
Commercial finance	1,875		12,721		14,596		28,824		1,887,406		1,916,230
Consumer credit products	—		1,044		1,044		—		106,794		106,794