|12 Months Ended|
Sep. 30, 2021
|Goodwill And Intangible Assets Disclosure [Abstract]|
Note 8: Goodwill
The following table details the Company's goodwill as of September 30, 2021 (000's):
The Company accounts for purchased goodwill and intangible assets in accordance with ASC 350, Intangibles—Goodwill and Other (see Note 2). Goodwill recognized during the year ended September 30, 2021 was approximately $3.7 million, and was due to the consolidation of SW Financial as a VIE (see Note 4). Goodwill recognized during the year ended September 30, 2020 was approximately $807,000, and was due to the acquisition of LOTC (see Note 5). There was no goodwill impairment for the years ended September 30, 2021 or 2020, respectively. The Company expects that Goodwill arising from these transactions will be fully deductible for tax purposes.
The entire disclosure for goodwill.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef